FLYCO(SH:603868)2023-04-27 16:00Financial Performance - The company achieved operating revenue of RMB 4,627,133,751.96 in 2022, representing a year-on-year increase of 15.53%[18]. - Net profit attributable to shareholders was RMB 822,977,243.54, up 28.45% compared to the previous year[18]. - The net profit after deducting non-recurring gains and losses reached RMB 771,272,173.00, reflecting a growth of 32.04% year-on-year[18]. - The company reported a weighted average return on equity of 25.73%, an increase of 3.64 percentage points from the previous year[19]. - The company's total revenue reached ¥4,613,215,018.82, representing a year-on-year increase of 15.46%[45]. - The gross margin improved to 53.60%, an increase of 6.68 percentage points compared to the previous year[45]. - The revenue from personal care appliances was ¥4,347,299,091.86, with a year-on-year increase of 17.53%[45]. - The company's operating revenue for the reporting period reached CNY 4,627,133,751.96, representing a year-on-year increase of 15.53%[41]. Dividend Distribution - The company plans to distribute a cash dividend of 20.00 RMB per 10 shares, totaling 871,200,000.00 RMB based on a total share capital of 435,600,000 shares as of December 31, 2022[3]. - The total cash dividend amount (including tax) is RMB 871,200,000, which accounts for 105.86% of the net profit attributable to ordinary shareholders in the consolidated financial statements[108]. - The company has a stable and positive cash dividend policy, ensuring continuous cash returns to shareholders[106]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[2]. - The company’s financial report is guaranteed to be true, accurate, and complete by its responsible persons[2]. - The company has not reported any significant changes in its financial reporting due to the implementation of new accounting standards[127]. - The audit report confirms that the financial statements fairly reflect the company's financial position as of December 31, 2022[151]. Risk Management - The company has not identified any risks that could prevent more than half of the board members from ensuring the authenticity, accuracy, and completeness of the annual report[4]. - The company has not reported any significant risks that could impact its future development[5]. - The company faces risks from macroeconomic fluctuations, which could impact consumer demand and disposable income[74]. - The company has a high product concentration risk, primarily relying on electric shavers and hair dryers, which could affect performance if market conditions change[75]. Product Development and Innovation - A total of 17 new product series were launched during the reporting period, with 155 new patent applications filed, bringing the total patents to 518[26]. - The company aims to focus on product innovation and brand operation to cater to the preferences of younger consumers[25]. - The company plans to enhance online marketing strategies and improve operational capabilities on e-commerce platforms[26]. - The company emphasizes the importance of innovation and differentiation in product development to address market competition and consumer trends towards smart and high-end appliances[65]. Marketing and Sales Strategy - The company has established a multi-channel marketing system, including partnerships with major e-commerce platforms like Taobao and JD.com, enhancing brand visibility and consumer interaction[39]. - The company is focusing on product upgrades and enhancing its self-operated e-commerce and content marketing strategies to drive revenue growth[42]. - The company has expanded its offline experiential retail stores, focusing on the Yangtze River Delta region, to enhance consumer engagement and brand image[27]. - The company will continue to optimize its marketing strategy focusing on channel sales, regional market management, and refined marketing management to enhance market penetration and share[69]. Financial Position - Total assets at the end of 2022 were RMB 4,346,536,456.22, a 4.30% increase from the end of 2021[18]. - The company's total assets reached ¥4,346,536,456.22, an increase from ¥4,167,374,649.48 in 2021, reflecting a growth of about 4.3%[164]. - The company's total liabilities decreased to ¥918,397,518.50 in 2022 from ¥1,126,262,805.50 in 2021, a reduction of approximately 18.5%[163]. - The company's equity increased to ¥3,118,093,537.88 in 2022, up from ¥2,843,463,614.37 in 2021, indicating a growth of 9.7%[167]. Corporate Governance - The company is led by a diverse board with significant experience in various industries, including finance, law, and management[87][88]. - The company has established various specialized committees, including an Audit Committee and a Strategic Committee, to enhance governance[97]. - The independent directors bring extensive experience from various sectors, enhancing corporate governance and oversight[87]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to RMB 9.7948 million[92]. Environmental and Social Responsibility - The company invested RMB 5.1365 million in environmental protection during the reporting period[114]. - The company has received honors such as "Water-saving Enterprise" and "Green Factory" in Wuhu City for its environmental initiatives[117]. - The company has implemented measures to reduce carbon emissions through the use of low-carbon technologies in production processes[118]. - The total investment in social responsibility projects amounted to RMB 6.8328 million, including RMB 6.3396 million in funds and RMB 493,200 in material donations[120]. Research and Development - The company’s R&D expenses decreased by 32.67% to CNY 88,826,910.78, reflecting a reduction in investment in molds and materials[41]. - The number of R&D personnel was 166, representing 4.55% of the total workforce, with a majority holding bachelor's degrees[53]. - The total R&D investment accounted for 1.92% of operating revenue, with no capitalized R&D expenditures reported[52]. - The company plans to focus on product technology research and development, particularly in personal care appliances, to maintain its industry-leading position[67].