HYC(SH:688001)2023-04-27 16:00Financial Performance - The proposed cash dividend for 2022 is CNY 3.00 per 10 shares, totaling CNY 131.97 million, which accounts for 39.87% of the net profit attributable to ordinary shareholders[5]. - The total cash dividend amount, including share repurchase, is CNY 153.16 million, representing 46.27% of the net profit attributable to ordinary shareholders for 2022[5]. - The company has not achieved profitability since its listing[4]. - The company's operating revenue for 2022 was approximately ¥2.32 billion, representing a year-over-year increase of 14.84% driven by increased demand for semiconductor testing equipment and higher shipment volumes[21]. - The net profit attributable to shareholders for 2022 was approximately ¥331 million, reflecting a growth of 5.44% compared to 2021, attributed to expanded revenue scale and reduced manufacturing costs[21]. - The basic earnings per share for 2022 increased to ¥0.75, a rise of 4.17% from the previous year, driven by the growth in net profit[23]. - The company's total assets at the end of 2022 were approximately ¥5.55 billion, up 7.71% from the end of 2021[22]. - The gross margin improved to 35%, up from 30% in the previous year, due to operational efficiencies[20]. - The company reported a quarterly revenue of approximately ¥651 million in Q4 2022, contributing to the overall annual growth[25]. - The company achieved a total revenue of 2,319.99 million yuan, representing a year-on-year growth of 14.84%[33]. - Net profit attributable to shareholders reached 331.04 million yuan, an increase of 5.44% year-on-year; excluding the impact of a significant asset restructuring in 2020, the net profit would have grown by 33.20% to 423.98 million yuan[33]. - The gross profit margin for the year was 52.08%, a decrease of 0.96 percentage points from the previous year, primarily due to rising raw material and labor costs[161]. - Operating costs increased by 17.19% year-on-year, amounting to 111,172.35 million RMB, driven by higher sales volume of semiconductor testing equipment[161]. Research and Development - Research and development expenses accounted for 18.09% of operating revenue in 2022, an increase of 0.63 percentage points compared to 2021[23]. - The total R&D expenditure for the year was approximately ¥419.76 million, an increase of 18.98% compared to the previous year's ¥352.81 million[113]. - R&D expenditure accounted for 18.09% of the company's operating revenue, up from 17.46% in the previous year, reflecting a 0.63 percentage point increase[114]. - The company applied for a total of 344 intellectual property rights, with 307 newly approved during the reporting period, showcasing significant research achievements[34]. - The company has accumulated a total of 1,386 intellectual property applications, with 946 granted, showcasing its strong innovation capabilities[111]. - The company has received multiple patents for inventions related to signal and image algorithms, enhancing its technological portfolio[110]. - The company has not capitalized any R&D expenditures during the reporting period, focusing entirely on expense-based R&D investment[114]. - The company continues to invest heavily in R&D, reflecting its commitment to innovation and market expansion[113]. Market Expansion and Strategy - The company plans to maintain the distribution ratio despite any changes in total share capital due to various corporate actions[5]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 20% to 1.44 billion RMB[20]. - Market expansion plans include entering the Southeast Asian market, targeting a 10% market share within the first year of entry[20]. - The company is actively expanding its business in the electric vehicle sector, achieving rapid growth in performance during the reporting period[33]. - The company is expanding into new markets, including the electric vehicle testing sector, to diversify revenue streams and mitigate operational risks[153]. - The company plans to continue expanding its market presence and investing in new product development to sustain growth in the coming years[164]. Risks and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated any decision-making procedures for providing guarantees[8]. - The company emphasizes the uncertainty of forward-looking statements regarding future plans and strategies[7]. - The company faces risks related to high customer concentration, with a significant portion of sales dependent on major clients like Apple, which could adversely affect performance if relationships deteriorate[138]. - The company has built a stable trust barrier with major terminal clients, particularly Apple, which emphasizes strict supplier evaluations and certifications[133]. - The company is exposed to financial risks due to fluctuations in exchange rates, as it primarily uses USD for exports and JPY for imports, which could impact financial performance[146]. - The company has established a robust technical R&D system and core technical team, which is crucial for maintaining competitiveness in a technology-intensive industry[136]. Product Development and Innovation - New product launches included a flexible circuit board technology that enhances performance and reduces weight by 30% compared to previous models[20]. - The company is investing in R&D for advanced packaging technologies, aiming to reduce production costs by 10% over the next two years[20]. - The company introduced the 8K/5G series, capable of driving up to 7 devices simultaneously, supporting resolutions up to 16K[39]. - The TSP testing equipment can measure parameters for screens below 24 inches with a testing time of 5ms and a relative accuracy of 0.02pF[39]. - The aging testing equipment can simulate high-temperature environments for product testing, accommodating various product sizes flexibly[41]. - The BMS series testing device integrates multiple testing units for automated testing, ensuring high precision and a wide range of voltage and current capabilities[41]. - The ET2 OLED series is designed for automated detection of OLED displays, allowing for flexible adjustments based on production capacity[42]. - The MicroOLED aging testing device can handle up to 90 products simultaneously, with real-time temperature monitoring during the aging process[42]. - The company emphasizes the use of AI algorithms in its optical detection equipment for high-speed focusing and image acquisition[39]. - The new testing devices support both manual and automated data sharing, enhancing product quality management[39]. - The company plans to expand its product line with advanced testing technologies to improve efficiency and yield rates[42]. Financial Position and Assets - The total assets of the company increased to 3 billion RMB, reflecting a 12% growth from the previous year[20]. - The company's net cash flow from operating activities for 2022 was approximately ¥279 million, showing a 5.41% increase from the previous year[21]. - The company's receivables increased by 913.99% to 48.51 million RMB, primarily due to the receipt of bank acceptance bills[179]. - Contract assets surged by 1,253.57% to 70.35 million RMB, attributed to the recognition of revenue from contracts[179]. - The company's overseas assets totaled CNY 234,698,384.84, accounting for 4.23% of total assets[183]. - The company's inventory net amount at the end of the reporting period was 525.74 million yuan, primarily consisting of raw materials and products needed for customer orders, which could lead to risks if orders are canceled[144]. Customer and Supplier Relations - The top five customers contributed ¥129,171.79 million, representing 55.68% of the total annual sales, with no sales to related parties[171]. - The largest supplier contributed 4.18% of the total procurement, while the second and third suppliers contributed 3.93% and 3.77% respectively[174]. - The company has established long-term stable partnerships with major panel manufacturers such as Samsung, Sharp, LG, BOE, and JDI, ensuring high product quality and testing efficiency through continuous optimization of testing procedures[132]. - The company became an approved supplier for Apple in 2013, participating in the testing of various mobile terminal LCD display modules, which has helped shorten the R&D time for relevant modules[134].