Worldia(SH:688028)2023-04-19 16:00Financial Performance - The proposed cash dividend for 2022 is CNY 3.00 per 10 shares, totaling an estimated cash dividend of CNY 32,874,288.00, which accounts for 52.33% of the net profit attributable to shareholders[6]. - The company has not yet achieved profitability since its listing[5]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB in 2022, representing a year-over-year growth of 15%[24]. - The company's operating revenue for 2022 was ¥414.32 million, representing a 27.17% increase compared to ¥325.81 million in 2021[25]. - Net profit attributable to shareholders for 2022 was ¥62.82 million, up 15.37% from ¥54.45 million in 2021[25]. - The total assets at the end of 2022 reached ¥2.06 billion, a 121.38% increase from ¥931.42 million at the end of 2021[27]. - The net profit after deducting non-recurring gains and losses was ¥56.45 million, reflecting a 19.18% increase from ¥47.37 million in 2021[25]. - The gross profit margin improved to 35%, up from 30% in the previous year, reflecting better cost management and pricing strategies[24]. - The company achieved total revenue of 414.32 million yuan in 2022, a year-on-year increase of 27.17%[36]. - The company reported a total revenue of 39,189,370 million, with a year-over-year increase of 739.74 million[152]. Shareholder and Governance Matters - The board of directors has approved the profit distribution and capital reserve conversion plan, pending shareholder approval[7]. - The company emphasizes transparency and fairness in information disclosure, preventing selective disclosure and insider trading[142]. - The company has established a dedicated department for investor relations to enhance communication with shareholders, particularly small and medium-sized investors[142]. - The company held a total of 10 board meetings during the reporting period, ensuring compliance with legal and regulatory requirements for board composition and election procedures[141]. - The company conducted four shareholder meetings during the reporting period, all of which complied with legal regulations and resulted in valid resolutions[146]. - The company has established a governance structure involving the shareholders' meeting, board of directors, supervisory board, and management team[197]. - The company has implemented a comprehensive internal control system, ensuring compliance with relevant laws and regulations, and enhancing corporate governance[192]. Research and Development - The company is investing in R&D for new technologies, allocating 100 million RMB for the development of advanced diamond materials[24]. - The R&D expenditure as a percentage of operating revenue was 7.95%, down from 8.66% in 2021[26]. - The company invested 32.94 million yuan in R&D, a year-on-year increase of 16.78%, with R&D personnel accounting for approximately 13.32% of total employees[39]. - The company has filed a total of 519 patents, with 300 granted, including 42 invention patents, reflecting its commitment to innovation[39]. - The company continues to focus on innovation, as evidenced by the significant number of patents obtained and the increase in R&D investment[67]. - The company has completed the R&D of various new types of indexable milling inserts, with an investment of CNY 240,000 and a leading position in the industry, aimed at solving technical issues in general machining and automotive sectors[77]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[24]. - The company aims to enhance its product quality and market share in the high-end segment, which is currently dominated by developed countries[54]. - The company is focused on expanding its market presence in the semiconductor and aerospace industries through innovative product development and R&D efforts[76]. - The company plans to enhance its R&D investment, focusing on developing 400 sets of hard alloy CNC tool molds, covering various applications[136]. - The company aims to strengthen its international market presence through its German subsidiary, enhancing global marketing efforts[136]. Risks and Compliance - The company has detailed potential risks in the report, which investors should review[5]. - The company faces risks related to the industrialization of new products and technologies, which may not yield expected returns[89]. - The company is exposed to market competition risks as domestic and foreign competitors continue to enter the high-end tool market[91]. - The company has established a robust internal control system to ensure compliance and safeguard shareholder interests[88]. Environmental and Sustainability Initiatives - The company invested 1.2789 million yuan in environmental protection during the reporting period[198]. - The company emphasizes ESG development and integrates green low-carbon practices into its sustainable development strategy[196]. - The company has developed internal systems for environmental protection and pollution management to reduce its carbon footprint[196]. Employee and Talent Management - The company has implemented a competitive salary structure, optimizing compensation based on external surveys and internal evaluations[174]. - The company emphasizes talent development with an annual training plan that includes various training methods and focuses on practical skills[176]. - The total remuneration for core technical personnel at the end of the reporting period was 309.44 million RMB[162]. Future Outlook - The company has set a future outlook with a revenue target of 1.5 billion RMB for 2023, indicating a projected growth rate of 25%[24]. - The company plans to optimize its product structure and reduce production costs to enhance profitability and market adaptability[135]. - The company aims to achieve an annual revenue of 1 billion RMB within 3 years and become a leading comprehensive tool enterprise in China within 5 years[134].