TZTEK(SH:688003)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was approximately ¥1.59 billion, representing a 25.60% increase compared to ¥1.27 billion in 2021[20]. - The net profit attributable to shareholders for 2022 was approximately ¥152.10 million, a 13.40% increase from ¥134.13 million in 2021[20]. - Basic earnings per share for 2022 were ¥0.7980, reflecting a 13.11% increase from ¥0.7055 in 2021[21]. - The company's total assets at the end of 2022 were approximately ¥2.93 billion, a 12.99% increase from ¥2.59 billion at the end of 2021[20]. - The company's net profit for the 2022 fiscal year was approximately ¥152.1 million, with the parent company achieving a net profit of about ¥127.3 million[200]. - The total revenue for the year reached 944,778,532.67 million RMB, a 29.75% increase compared to 728,141,352.70 million RMB in the previous year[124]. - The gross margin for 2022 was reported at 40%, consistent with the previous year, indicating stable cost management[177]. Dividend and Share Capital - The company plans to distribute a cash dividend of 3.00 CNY per 10 shares, totaling approximately 57.43 million CNY, which represents 37.75% of the net profit attributable to shareholders for the year[5]. - As of March 31, 2023, the total share capital of the company is 194,701,000 shares, with 3,280,000 shares held in the repurchase account[5]. Audit and Governance - The board of directors has confirmed the authenticity, accuracy, and completeness of the annual report, with no significant omissions or misleading statements[4]. - The company's financial report has received a standard unqualified audit opinion from Zhonghui Certified Public Accountants[5]. - The company has not disclosed any special arrangements for corporate governance[8]. - The company held 2 shareholder meetings, 10 board meetings, and 10 supervisory meetings during the reporting period, ensuring compliance with legal and regulatory requirements[168]. - The company has a total of 10 independent directors and supervisors, ensuring a robust governance framework[168]. Research and Development - Research and development expenses accounted for 19.60% of operating revenue in 2022, a decrease of 1.17 percentage points from 20.77% in 2021[21]. - The company's total R&D investment reached approximately ¥311.54 million in 2022, an increase of 18.57% compared to ¥262.74 million in the previous year[67]. - The company filed 173 new patent applications in 2022, with 162 patents granted, including 104 invention patents[36]. - The company has established multiple national and provincial-level R&D centers, enhancing its innovation capabilities[83]. - The R&D team has grown from 639 members in 2020 to 817 members in 2022, accounting for 39.86%, 41.64%, and 37.48% of total employees respectively[86]. Market and Industry Position - The company specializes in industrial vision equipment, including visual measurement, inspection, and process equipment, as well as intelligent driving solutions[39]. - The domestic machine vision market size in China was approximately 16.4 billion yuan in 2021, with the company holding a market share of about 7.7%[49]. - The company has established deep strategic partnerships with leading AI chip companies to develop advanced intelligent driving controllers[41]. - The company has established stable cooperation with over 4,000 mid-to-high-end industrial clients globally, enhancing its market position[160]. - The company plans to expand into semiconductor, PCB, new energy, new automotive, and intelligent driving sectors while deepening relationships with core customers to create new growth points[164]. Risks and Challenges - The company has detailed various potential risks in the report, which investors are advised to review[4]. - The company faces risks related to technology talent retention, with 817 R&D personnel representing a critical asset for ongoing innovation[93]. - The company faces risks from fluctuations in downstream industries, particularly in consumer electronics and new energy sectors, which could affect order fulfillment[108]. - The accounts receivable balance increased from 233.37 million yuan in 2020 to 508.29 million yuan in 2022, indicating a growing risk of bad debts[98]. - The company’s debt ratio was 42.49%, indicating a moderate level of financial leverage and potential liquidity risks if financing channels are not effectively expanded[103]. Future Outlook - The company provided guidance for 2023, expecting revenue to reach between 1.3 billion and 1.5 billion, which translates to a growth forecast of 8% to 25%[177]. - New product launches are anticipated to contribute an additional 200 million in revenue in 2023[177]. - The company is exploring potential acquisitions to bolster its technology portfolio, with a budget of 100 million allocated for this purpose[177]. - The company plans to continue expanding its market presence through strategic initiatives and potential acquisitions[187]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 2,180, with 1,400 being technical personnel[197]. - The company has implemented an employee stock ownership plan and restricted stock incentive plan for three consecutive years to attract and retain core technical talent, enhancing employee motivation and cohesion[165]. - The total remuneration for core technical personnel at the end of the reporting period was 2.4317 million RMB[185]. - The company emphasizes employee growth through a comprehensive HR management system, including training and development programs[199].