SCREEN(SH:688053)2023-04-09 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 97,425,990.92 for the year 2022[5]. - The company has not yet achieved profitability since its listing[4]. - The company's operating revenue for 2022 was CNY 242.82 million, representing a 9.35% increase compared to CNY 222.06 million in 2021[22]. - The net profit attributable to shareholders for 2022 was CNY 97.43 million, a slight increase of 0.38% from CNY 97.06 million in 2021[22]. - The gross margin for 2022 was reported at 35%, with expectations to improve to 40% in 2023 due to operational efficiencies[15]. - The company's total assets grew by 323.79% to CNY 1.73 billion, largely due to the completion of its initial public offering and fundraising of CNY 1.253 billion[25]. - The net assets attributable to shareholders increased by 424.75% to CNY 1.67 billion, also driven by the IPO and fundraising efforts[25]. - The company reported a quarterly revenue of CNY 50.69 million in Q1 2022, with a peak of CNY 79.36 million in Q2 2022[27]. - The company's gross profit margin decreased from 74.64% in 2021 to 68.16% in 2022, indicating potential risks related to pricing pressures and increased competition in the market[92]. - The company achieved a revenue of 242.82 million yuan in 2022, representing a year-on-year growth of 9.35%[96]. Dividend Policy - The board proposed not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the 2022 fiscal year, with undistributed profits carried forward to the next year[5]. - The company plans to retain earnings and not distribute cash dividends or stock dividends for the 2022 fiscal year, with unallocated profits carried forward to the next year[180]. - The company emphasizes the importance of cash dividends in its profit distribution policy, prioritizing cash over stock dividends[176]. - The board of directors will propose profit distribution plans based on the company's financial condition, ensuring compliance with relevant regulations[179]. Governance and Compliance - The report indicates that all board members attended the board meeting, ensuring governance compliance[5]. - The company has not disclosed any special arrangements for corporate governance[8]. - The financial report is confirmed to be true, accurate, and complete by the company's responsible persons[5]. - The company has established a sound internal control system to improve governance and operational standards[144]. - The independent directors have fulfilled their responsibilities and ensured that minority shareholders' rights are protected[184]. - The company has maintained independence from its controlling shareholder, ensuring no interference in decision-making processes[145]. - The company has established a comprehensive internal control system to ensure compliance, asset security, and the integrity of financial reporting[191]. - There were no significant deficiencies in internal control during the reporting period[192]. Risk Management - The report includes a risk factor section that outlines potential risks associated with the company's future plans and strategies[4]. - The company emphasizes the importance of investment risk awareness in its forward-looking statements[6]. - The company faces significant barriers to entry in the military electronic component reliability testing market, including qualification, technical, and customer trust barriers[65]. - The company faces risks related to potential talent loss in a competitive market for skilled professionals in the military electronics reliability testing industry[90]. - The company emphasizes the importance of continuous investment in technology research and development to keep pace with rapid advancements in electronic components, which poses a risk if not adequately addressed[87]. - The company faces challenges such as the rapid increase in the variety of electronic components, which raises testing difficulties, and a shortage of high-end professionals in the reliability testing sector[71]. Research and Development - The company is investing heavily in R&D, with an allocation of 200 million CNY for the development of new semiconductor technologies in 2023[15]. - Research and development expenses accounted for 8.78% of operating revenue, an increase of 1.41 percentage points from 7.37% in 2021[24]. - The company has increased R&D investment in advanced testing technologies for cutting-edge chip fields, enhancing testing efficiency and capabilities[35]. - The company aims to enhance its R&D capabilities in response to the growing demand for military electronic components and the modernization of national defense[59]. - The company has established a unified R&D management system to improve the integration of R&D resources and project planning[34]. - The company added 48 new intellectual property rights during the reporting period, including 6 invention patents and 34 software copyrights, bringing the total to 219[36]. - The company increased its R&D investment by 30.38% year-on-year, totaling approximately ¥21.33 million, which now represents 8.78% of its operating revenue, up from 7.37%[75]. Market Expansion and Strategy - Chengdu Screen Micro Electronics reported significant growth in revenue, achieving a total of 1.2 billion CNY in 2022, representing a year-over-year increase of 25%[15]. - The company has expanded its user base, reaching 500,000 active users by the end of 2022, which is a 40% increase compared to the previous year[15]. - Future outlook indicates a projected revenue growth of 30% for 2023, driven by new product launches and market expansion strategies[15]. - Chengdu Screen Micro Electronics plans to enter new markets in Southeast Asia, targeting a market share increase of 15% within the next two years[15]. - The company has completed a strategic acquisition of a local semiconductor firm, which is expected to enhance its production capacity by 20%[15]. - New product lines, including advanced optical couplers, are set to launch in Q3 2023, anticipated to contribute an additional 10% to overall revenue[15]. - The company aims to enhance its supply chain resilience, reducing lead times by 25% through strategic partnerships with key suppliers[15]. - The company is focusing on enhancing its supply chain efficiency, aiming for a 10% reduction in lead times by the end of 2023[154]. Sustainability Initiatives - Chengdu Screen Micro Electronics is committed to sustainability, with plans to reduce carbon emissions by 30% by 2025 through energy-efficient technologies[15]. - The company is focusing on sustainability initiatives, with a goal to reduce carbon emissions by 20% by 2025 through improved manufacturing processes[157]. - The company has developed an environmental protection management system to promote sustainable development and social responsibility[200]. - The company has not been classified as a key pollutant discharge unit and has not faced any environmental penalties during the reporting period[197]. - The total amount of pollutants discharged is compliant with control requirements, with no industrial wastewater generated[199]. Human Resources - The company has a professional management and technical team with over 20 years of experience in military electronics, which supports strategic business development and enhances reliability testing capabilities[85]. - The company has implemented a training and re-education program for employees to strengthen its technical research and development team, ensuring alignment with business and technological advancements[85]. - The company’s R&D personnel increased by 8.57%, contributing to a 27.37% rise in R&D personnel costs due to higher average salaries[76]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 5.149 million RMB[163]. - The total remuneration for core technical personnel at the end of the reporting period was 3.708 million RMB[163]. - The company has established a competitive salary system based on performance and market standards, particularly for R&D personnel[174]. Corporate Structure and Board Activities - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements[144]. - The company has maintained a consistent leadership structure with no changes in shareholding among the board members during the reporting period[152]. - The chairman and general manager, Ma Weidong, has held his position since June 2020, with a 100% retention of shares[152]. - The company held a total of 14 board meetings in 2022, addressing various key issues including internal control self-evaluation[164]. - The audit committee convened 2 meetings during the reporting period, discussing daily related party transactions and the half-year report[168]. - The remuneration and assessment committee held 1 meeting to discuss the compensation of directors and senior management[170].