Appo(SH:688007)2023-04-27 16:00Financial Performance - The company's revenue for 2022 was RMB 119,440,773.77, with a net profit margin of 20.63% based on the proposed cash dividend distribution[14]. - The company's revenue for 2022 was approximately CNY 2.54 billion, a year-over-year increase of 1.72% compared to CNY 2.50 billion in 2021[32]. - The net profit attributable to shareholders decreased by 48.82% to CNY 119.44 million in 2022 from CNY 233.36 million in 2021[32]. - The net profit after deducting non-recurring gains and losses was CNY 64.81 million, down 47.85% from CNY 124.28 million in the previous year[32]. - Operating cash flow net amount increased significantly by 204.01% to CNY 177.35 million in 2022 from CNY 58.34 million in 2021[32]. - The total assets of the company at the end of 2022 were CNY 4.33 billion, reflecting a 5.76% increase from CNY 4.10 billion at the end of 2021[32]. - The net assets attributable to shareholders increased by 8.60% to CNY 2.65 billion at the end of 2022 from CNY 2.44 billion at the end of 2021[32]. - Basic earnings per share for 2022 were CNY 0.26, a decrease of 50.00% compared to CNY 0.52 in 2021[33]. - The weighted average return on net assets decreased by 5.53 percentage points to 4.73% in 2022 from 10.26% in 2021[33]. - The company executed a share buyback amounting to RMB 19,371,239.41, representing 16.22% of the net profit for 2022[15]. Research and Development - Research and development investment increased from 9.47% of revenue in 2021 to 10.31% in 2022, with a further 15.49% increase in Q1 2023[7][8]. - The company is focusing on new product development and market expansion strategies to enhance future growth prospects[1]. - The company plans to leverage advancements in AI and AR technologies to drive innovation in its product offerings[1]. - Research and development expenses accounted for 10.31% of operating revenue, an increase of 0.84 percentage points compared to the previous year[34]. - The company has established a research institute and R&D center to enhance product development efficiency and ensure the application of the latest research outcomes in projection display products[95]. - The company has a strong R&D team led by experienced personnel, focusing on laser display technology and its industrialization[95]. - The cumulative investment in R&D projects reached approximately ¥491.39 million, with a significant portion allocated to developing high-performance and cost-effective products[91]. - The company applied for a total of 584 patents in 2022, with 545 granted, bringing cumulative totals to 3,819 applications and 2,880 grants[86]. Market Expansion and Product Development - The company is actively pursuing international market expansion, covering regions such as North America and East Asia[58]. - The company aims to leverage its technological advantages to capture opportunities in the recovering cinema market, driven by favorable policies and increased film supply[59]. - The company is focused on enhancing its core competitive advantages through increased investment in core technologies and growth businesses[46]. - The company launched the world's first automotive-grade color laser headlights and immersive digital interaction solutions at the Shanghai Auto Show[9]. - The company achieved significant milestones in the automotive sector, including IATF 16949:2016 certification and partnerships with major automotive brands like BYD and BMW[5]. - The company is focused on expanding its market presence in the automotive sector, responding to the increasing demand for intelligent and connected vehicles driven by younger consumer demographics[70]. - The company plans to continue expanding its market presence and investing in new product development[119]. - The company is exploring potential acquisitions to strengthen its product portfolio and market position, with a budget of 500 million yuan allocated for this purpose[182]. Operational Efficiency and Challenges - The company plans to enhance its manufacturing capabilities and supply chain management to address operational challenges[8]. - The company has established stable relationships with suppliers to mitigate risks related to the timely supply of core components, ensuring business growth[99]. - The company is closely monitoring macroeconomic conditions to mitigate potential adverse impacts on its operations and profitability[106]. - The company has implemented measures to manage risks associated with intellectual property disputes, ensuring the protection of its innovations and market competitiveness[107]. - The company has successfully reduced operational costs by 15%, improving overall profitability margins[181]. Corporate Governance and Management - The board of directors held 11 meetings during the reporting period, ensuring compliance with relevant laws and regulations[168]. - The supervisory board also convened 11 times, maintaining effective oversight of the company's major matters and financial status[170]. - The company improved its information disclosure management, ensuring that disclosures are accurate, complete, and timely, with designated platforms for investor access[171]. - The company has established multiple channels for investor relations, including a dedicated investor hotline and online performance briefings[171]. - The company has a remuneration decision-making process that involves the remuneration and assessment committee of the board of directors[186]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to RMB 15.35 million[186]. - The company has a strong leadership team with members holding advanced degrees from prestigious universities, enhancing its strategic direction in the market[180]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to 1.8 billion yuan[183]. - New product launches are expected to contribute an additional 300 million yuan in revenue, with a focus on innovative technologies in the upcoming quarter[182]. - The company aims to enhance its core technology and product competitiveness in the smart projection sector while expanding its overseas market presence[162]. - Future guidance includes maintaining a gross margin of approximately 40%, supported by cost control measures and efficiency improvements[182].