Actions(SH:688049)2023-04-23 16:00Financial Performance - The net profit attributable to shareholders for 2022 was RMB 53,751,796.62, with a proposed cash dividend of RMB 2 per 10 shares, totaling RMB 24,400,000.00, which represents 45.39% of the net profit[5]. - As of December 31, 2022, the company's distributable profit was RMB 128,125,698.38, and the consolidated undistributed profit was RMB 24,958,933.37[5]. - The company has not yet achieved profitability since its listing[4]. - The company reported a total revenue of 1.2 billion in 2022, representing a year-over-year growth of 15%[15]. - The company's operating revenue for 2022 was CNY 414.70 million, a decrease of 21.20% compared to CNY 526.27 million in 2021[24]. - The net profit attributable to shareholders for 2022 was CNY 53.75 million, down 35.97% from CNY 83.95 million in 2021[26]. - The net profit after deducting non-recurring gains and losses was CNY 31.15 million, a decline of 48.05% year-on-year[26]. - The company's cash flow from operating activities was negative CNY 134.31 million, a decrease of 255.83% compared to CNY 86.19 million in 2021[26]. - Basic and diluted earnings per share for 2022 were CNY 0.44, down 50.56% from CNY 0.89 in 2021[25]. Research and Development - The company is investing 50 million in R&D for advanced audio technologies, including Active Noise Cancellation (ANC) and Environmental Noise Cancellation (ENC)[19]. - The R&D expenditure accounted for 30.07% of operating revenue, an increase of 5.12 percentage points from 24.95% in 2021[25]. - The company achieved a total R&D investment of ¥12,472.19 million in 2022, a decrease of 5.03% compared to ¥13,132.82 million in 2021[76]. - The company has filed 43 new invention patents and received approval for 25 patents in 2022, bringing the total to 469 applications and 262 approvals[75]. - The company has developed advanced AI noise reduction technology for its wearable chip products, enhancing user experience[79]. - The company is developing Bluetooth 5.4 chip products that support LE Audio, aiming to enhance audio quality and reduce power consumption[79]. Market Strategy and Expansion - The company projects a revenue growth of 20% for the next fiscal year, targeting 1.44 billion in total revenue[17]. - Market expansion plans include entering three new international markets by the end of 2023, aiming for a 15% increase in global sales[20]. - The company plans to implement a new marketing strategy focusing on digital channels, aiming to increase customer engagement by 30%[23]. - The company aims to enhance market penetration in international mainstream brands while focusing on high-quality, high-value domestic audio SoC chips[131]. - The company is actively exploring differentiated markets in Bluetooth audio, including soundbars and wireless microphones, to enhance its product offerings[60]. Corporate Governance - The company has not reported any special arrangements for corporate governance[9]. - The company has established a governance structure that includes a board of directors, independent directors, and various committees to ensure compliance with regulations[173]. - The company has implemented strict confidentiality measures to protect its core technologies, which are crucial for maintaining competitive advantage[90]. - The company has a structured approach to performance evaluation and remuneration for its senior management personnel[149]. - The company has established a modern corporate governance structure, including a board of directors with four specialized committees to ensure efficient decision-making and protect shareholder rights[177]. Risks and Challenges - The company has detailed various risks and countermeasures in its report, emphasizing the importance of investor awareness regarding investment risks[4]. - The company faces risks related to the potential failure of R&D projects, which may not yield expected results or commercial value, affecting financial performance[89]. - High customer concentration poses a risk, as any significant changes in major clients' purchasing behavior could adversely affect the company's financial results[94]. - The company relies on external suppliers for wafer manufacturing and packaging, making it vulnerable to price increases and supply chain disruptions[95]. - International trade tensions pose risks to the semiconductor industry, potentially affecting supply chains and customer demand[99]. Employee and Social Responsibility - The company has a comprehensive employee care program, including health checks and team-building activities, to enhance employee well-being and collaboration[176]. - The company emphasizes the importance of employee training and development to enhance professional skills and adapt to business needs[191]. - The company actively engages in social responsibility initiatives, including organizing various employee activities to enhance team collaboration[196]. - The company has made a donation of 6 million yuan to Zhejiang University and provided material support worth 0.19 million yuan to a local rehabilitation center[186]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The internal control audit report issued by Tianjian Accounting Firm confirmed effective internal controls over financial reporting as of December 31, 2022[175]. - The company has not faced any penalties from securities regulatory authorities in the past three years[150]. Product Development and Innovation - New product launches include a next-generation True Wireless Stereo (TWS) headset, expected to enhance market share by 10%[18]. - The company is developing a new generation of Bluetooth audio chips that will enhance performance and reduce latency, supporting AI algorithm hardware acceleration[37]. - The company has launched low-latency high-quality audio solutions for wireless audio applications, targeting home theaters, gaming headsets, and wireless microphones[39]. - The company plans to release more products based on LE Audio technology, expanding its market presence in the audio sector[39]. Financial Management - The company plans to adopt a combination of equity and debt financing to meet sustainable development funding needs[133]. - The company will continue to invest in R&D for low-power audio chips and MCU projects targeting wearable and IoT markets[132]. - The company has implemented measures to reduce carbon emissions indirectly through energy-saving practices in office operations[183].