Jiangsu Yunyong Electronics and Technology (SH:688060)2023-04-20 16:00Financial Performance - The net profit attributable to shareholders for 2022 was CNY 16,757,019.98, with a distributable net profit of CNY 234,207,874.30 as of December 31, 2022[6]. - The company's operating revenue for 2022 was ¥265,821,661.74, a decrease of 14.02% compared to ¥309,179,200.51 in 2021[22]. - The net profit attributable to shareholders for 2022 was ¥16,757,019.98, representing a decline of 68.08% from ¥52,499,647.08 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,410,277.07, down 67.64% from ¥47,625,574.72 in 2021[22]. - The net cash flow from operating activities for 2022 was -¥116,603,804.00, compared to -¥82,639,043.36 in 2021[22]. - The total assets at the end of 2022 were ¥1,092,941,529.42, an increase of 5.39% from ¥1,037,040,121.67 at the end of 2021[23]. - The net assets attributable to shareholders at the end of 2022 were ¥968,178,879.25, reflecting a slight increase of 1.16% from ¥957,059,997.81 in 2021[23]. - The company reported a revenue of 265.82 million yuan in 2022, a decrease of 14.02% compared to the previous year[24]. - Basic earnings per share fell by 68.08% to 0.2793 yuan, and diluted earnings per share decreased by 68.02% to 0.2788 yuan[24]. - The company achieved operating revenue of 26,582.17 million, a decrease of 14.02% year-on-year, and a net profit of 1,675.70 million, down 68.08% from the previous year[100]. Dividend Policy - The company will not distribute cash dividends, issue bonus shares, or convert reserves into share capital for the 2022 fiscal year, with retained earnings carried forward to the next year[6]. - For 2022, the company reported a net profit of RMB 16,757,019.98, with a distributable net profit of RMB 234,207,874.30, but did not propose any cash dividends[196]. - The cash dividend amounts for the years 2020, 2021, and 2022 were RMB 0, RMB 2,226,000, and RMB 1,578,000, respectively, with cash dividends accounting for 30.01% and 30.06% of net profits in 2021 and 2022[198]. Research and Development - The company increased its R&D investment as a percentage of revenue to 22.82%, up 6.54 percentage points from the previous year[24]. - R&D expenses increased by 20.48% year-on-year, totaling 60.65 million yuan, with R&D personnel accounting for 42.82% of the total workforce[39]. - The company completed 20 R&D projects during the reporting period, with 5 new authorized invention patents and 12 new registered software copyrights[39]. - The company achieved a total R&D investment of ¥60,648,434.04, representing a 20.48% increase from the previous year's ¥50,337,553.17[74]. - The company holds a total of 51 patents, including 18 invention patents, 27 utility model patents, and 6 design patents, with 5 new invention patents granted during the reporting period[72]. Operational Risks and Governance - The company has detailed various operational risks and corresponding mitigation measures in the report[4]. - The board of directors and senior management have confirmed the authenticity, accuracy, and completeness of the annual report[4]. - The company has not faced any non-operational fund occupation by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[9]. - The company has strengthened its internal control system and governance structure, ensuring compliance with relevant laws and regulations to protect shareholders' rights[166]. Market and Product Development - The company is focused on developing new technologies and products, although specific details are not provided in the extracted content[12]. - The company plans to continue investing in new power systems, next-generation scheduling systems, and renewable energy, indicating a focus on market expansion and technological development[25]. - The company launched several competitive products, including a new generation of smart archive integrated control platform and a new generation of electric vehicle charging billing control unit[43]. - The company is actively exploring new markets and industries, focusing on new energy and automated distribution systems[38]. - The company is committed to continuous technological innovation to meet the evolving demands of industrial information security[59]. Employee and Workforce Management - The total number of employees increased by 32.73% to 369, contributing to higher personnel costs and expenses[25]. - The company expanded its workforce by 32.73%, reaching a total of 369 employees by the end of the reporting period[137]. - The employee composition includes 127 production personnel, 54 sales personnel, 158 technical personnel, 9 financial personnel, and 21 administrative personnel[191]. - The average salary of R&D personnel decreased to 27.43 million from 30.52 million in the previous period[93]. - Total R&D personnel compensation reached 4,224.70 million, up from 3,417.83 million in the previous period[93]. Strategic Partnerships and Collaborations - The company has signed strategic cooperation agreements with well-known domestic chip manufacturers, enhancing its position in the embedded technology field[63]. - The company has established strategic partnerships with upstream and downstream CPU manufacturers and domestic operating system vendors to support the development of Xinchuang products[163]. - The company has established new partnerships with clients such as Aerospace Information Co., Ltd. and Fenghuo Communication Technology Co., Ltd. in 2022[128]. Financial Management and Investments - The company made equity investments totaling ¥17,081,632.00 during the reporting period, a decrease of 65.34% compared to ¥49,280,000.00 in the previous year[148]. - The company completed a capital increase of 30 million RMB in Jiedandi Electronics Technology (Shanghai) Co., Ltd., with the first phase amounting to 8 million RMB, the second phase 12 million RMB, and the third phase 10 million RMB[153]. - The company has invested a total of 19,051,666.66 RMB in private equity funds, focusing on semiconductor and smart manufacturing sectors[152]. Compliance and Audit - The company has received a standard unqualified audit report from Zhongtian Yun Accounting Firm[5]. - The company held six board meetings during the year, all conducted via communication methods[183]. - The Audit Committee is chaired by Liu Yuelu, with members Zhang Kui and Tian Xia[185]. - The company has implemented a comprehensive compensation management system that includes fixed salaries, performance pay, bonuses, and equity incentives[193].