Leaderdrive(SH:688017)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was RMB 445,745,352.73, representing a slight increase of 0.54% compared to RMB 443,351,434.70 in 2021[16]. - The net profit attributable to shareholders of the listed company for 2022 was RMB 155,302,486.16, a decrease of 17.91% from RMB 189,183,607.41 in 2021[16]. - The proposed cash dividend for 2022 is RMB 1 per 10 shares, totaling RMB 16,858,338, which accounts for 10.86% of the net profit attributable to shareholders[5]. - The company reported a total revenue of RMB 445,745,352.73 for the year 2022, reflecting a decrease compared to the previous year[26]. - The net profit attributable to shareholders was RMB 155,302,486.16, indicating a decline from the prior year[26]. - The net cash flow from operating activities decreased by 42.63% year-on-year, primarily due to increased purchases and payroll expenses[19]. - The basic earnings per share (EPS) for 2022 was RMB 0.9212, down 17.91% from RMB 1.1222 in 2021[19]. - The company achieved a total revenue of 11,720 million, with a net profit of 4,072.77 million, indicating a strong financial performance[63]. Assets and Liabilities - The company's total assets increased by 15.87% year-on-year, reaching RMB 2,415,198,159.11 at the end of 2022[18]. - The net assets attributable to shareholders rose by 5.40% to RMB 1,936,150,572.83 compared to the end of 2021[18]. - The company's cash and cash equivalents increased to 729.33 million RMB, representing 30.20% of total assets, a 13.65% increase from the previous year[97]. - The company's long-term equity investments rose by 114.50% to 58.96 million RMB, indicating increased external investments[97]. - The company's fixed assets increased by 5.14% to 348.40 million RMB, representing 14.43% of total assets[97]. - The company reported a 20.40% increase in accounts receivable, amounting to 74.72 million RMB, which is 3.09% of total assets[97]. - The company experienced a 541.54% increase in other current assets, totaling 81.21 million RMB, primarily due to an increase in large time deposits maturing within one year[97]. Research and Development - Research and development (R&D) expenses accounted for 10.29% of operating revenue, an increase of 1.01 percentage points from the previous year[19]. - R&D investment totaled ¥45,867,338.68, representing an increase of 11.44% compared to the previous year, with R&D expenses accounting for 10.29% of operating revenue[59]. - The number of R&D personnel increased to 113, representing 12.28% of the total workforce, up from 11.43% in the previous period[65]. - The company is currently developing a new generation of high-precision harmonic reducers with an estimated total investment of ¥390 million, aimed at enhancing product categories and meeting industry demands[61]. - The company has developed a new high-performance CNC machine tool harmonic turntable, with an investment of ¥1,050 million, currently in the pilot stage, targeting precision machining applications[61]. - The company has established a knowledge property management department and obtained certification for its knowledge property management system during the reporting period[171]. Market and Competition - The production of industrial robots in China decreased by 4.8% in 2022, reflecting a sluggish market demand that impacted the company's business growth[26]. - The company is focusing on expanding its market capabilities and optimizing its product structure to adapt to the challenging economic environment[26]. - The domestic harmonic reducer market share of the leading domestic brand, Lide Harmonic, has increased to 24.7% in 2021, up from 46% to 42.9% for the two largest foreign brands, Harmonic Drive and Nabtesco, from 2020 to 2021[44]. - The harmonic reducer industry in China is in a growth phase, with rapid market growth and a significant supply gap in core components like precision harmonic reducers, which has not yet been met by downstream equipment manufacturers[44]. - The company has established a competitive advantage in the harmonic reducer sector by achieving large-scale production and successfully replacing imported products, significantly reducing procurement costs and cycles for domestic robot manufacturers[44]. - The global market for harmonic reducers is dominated by Harmonic Drive and Nabtesco, which together hold approximately 70% of the market share[44]. Governance and Compliance - The audit report issued by Tianheng Accounting Firm was a standard unqualified opinion[4]. - The financial report is guaranteed to be true, accurate, and complete by the company's management[4]. - The company has maintained its commitment to transparency and compliance with regulatory requirements[2]. - The company has established a governance structure that complies with legal requirements, ensuring independent operation and effective supervision of its board and supervisory committee[109]. - The company has conducted five board meetings and five supervisory meetings during the reporting period, maintaining compliance with governance regulations[109]. - The company has implemented a strict insider information management system, with no violations reported during the reporting period[109]. Environmental and Social Responsibility - The company invested approximately ¥1,102,028.35 in environmental protection during the reporting period[151]. - The company consumed 68,291 tons of water and 19,619,736 kWh of electricity in 2022[153]. - The company does not belong to the key pollutant discharge units as per environmental protection department[152]. - The company has established a social responsibility management system and integrates ESG work into daily operations[150]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[152]. - The company is planning a rooftop photovoltaic project to utilize solar energy for production, aiming to reduce carbon emissions[157]. Shareholder Information - The total number of shares held by the Chairman, Zuo Yuyu, increased from 24,559,026 to 34,382,637, reflecting a change of 9,823,611 shares due to a capital reserve distribution of 0.4 shares per share[116]. - The total number of shares held by the Vice Chairman, Zuo Jing, also increased from 24,559,026 to 34,382,636, with a similar change of 9,823,610 shares[116]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 5.9942 million RMB[127]. - The total remuneration for core technical personnel at the end of the reporting period was 1.1067 million RMB[127]. - The company has a total of 327,600 restricted stock units under the 2021 incentive plan, with 178 participants, accounting for 19.35% of the total[145]. Future Outlook - The company provided guidance for 2023, projecting a revenue increase of 25%, aiming for a total of 1.875 billion[121]. - New product launches are expected to contribute an additional 200 million in revenue in 2023, with a focus on innovative technology solutions[121]. - The company is exploring potential acquisitions to strengthen its market position, with a budget of 300 million allocated for this purpose in 2023[121]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs through process optimization initiatives[121]. - The company plans to enhance its product offerings through continuous research and development in new technologies and market expansion strategies[38].