InHand Networks(SH:688080)2023-04-25 16:00Financial Performance - The company's operating revenue for 2022 was CNY 386,953,244.20, a decrease of 13.92% compared to 2021[23]. - The net profit attributable to shareholders for 2022 was CNY 70,349,923.33, down 32.97% year-on-year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 62,164,029.99, a decrease of 12.43% from the previous year[23]. - The cash flow from operating activities for 2022 was CNY 57,864,523.78, an increase of 50.15% compared to 2021[23]. - The company's total assets at the end of 2022 were CNY 902,086,056.50, reflecting a 4.20% increase from the end of 2021[23]. - The net assets attributable to shareholders at the end of 2022 were CNY 821,440,478.04, up 10.02% from the previous year[23]. - The basic earnings per share for 2022 were CNY 1.34, a decrease of 33.00% compared to 2021[24]. - The gross profit margin for the year was 48.08%, an increase of 2.83 percentage points from the previous year[141]. - The company achieved operating revenue of 386.95 million yuan, a decrease of 13.92% compared to the previous year[138]. - The net profit attributable to the parent company was 70.35 million yuan, down 32.97% year-on-year[138]. Dividend and Capital Structure - The company plans to distribute a cash dividend of 1.4 yuan per 10 shares, totaling approximately 7,360,152.24 yuan, which accounts for 10.46% of the net profit attributable to shareholders for 2022[5]. - The company intends to increase its total share capital by 21,029,006 shares through a capital reserve conversion, raising the total share capital to 73,601,522 shares[5]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[5]. - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[5]. - The company has not violated any decision-making procedures in providing guarantees[9]. - The company’s financial report has been confirmed as true, accurate, and complete by its responsible personnel[5]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 14.34%, up 3.41 percentage points from 2021[24]. - R&D investment reached 55.48 million yuan, an increase of 12.92% year-on-year, representing 14.34% of total revenue[39]. - The company launched new products including the IR202 industrial router and AI smart vending system, enhancing its product portfolio[39]. - The company emphasizes continuous R&D in core technologies such as sensing and control, industrial communication, cloud computing, and artificial intelligence, maintaining a competitive edge in these areas[91]. - The company filed for 33 new patents during the reporting period, with 28 patents granted, reflecting its commitment to innovation[105]. Market and Business Strategy - The company focuses on five major business segments: industrial and building IoT, digital energy, smart commerce, enterprise networks, and vehicle transportation[41]. - The company plans to expand into new digital energy markets and has established a market direction for smart low-voltage distribution solutions[41]. - The company is focusing on digital marketing strategies, utilizing online platforms for brand promotion and product introduction, thereby expanding its market presence[42]. - The company is optimizing its sales model by enhancing its online and offline dual-channel approach, which has led to an increase in e-commerce revenue contribution[43]. - The company is committed to enhancing its digitalization and globalization efforts, aiming to improve operational efficiency and market competitiveness[186]. Risks and Challenges - The company has outlined various operational risks and corresponding mitigation measures in the report[4]. - The company faces risks related to rapid technological updates and potential talent loss, which could impact its core competitiveness[124]. - The company is exposed to risks from raw material price fluctuations, which could affect production costs and profitability[128]. - The company faced risks related to raw material supply, particularly chips, due to ongoing U.S.-China trade tensions[129]. Awards and Recognition - The company received several awards for its products, including an honorable mention for the IG502 edge computing gateway at the Engineers' Choice Awards[39]. - The company has received multiple awards for its IWOS product, including the second prize for technological progress from Guangdong Power Grid in 2015 and the second prize for scientific and technological progress from State Grid Corporation in 2019[85]. - The company has received multiple awards for its innovative technologies, including the 2019 Beijing Science and Technology Award and the 2020 North China Good Design Award[86]. Global Presence and Market Reach - In 2022, overseas market revenue reached 141.1985 million yuan, accounting for 36.75% of total revenue, with a year-on-year decline of 4.41%. Excluding the non-consolidation of Yisuo Intelligent, actual overseas revenue grew by 28.88%[44]. - The company has established a strong market presence in the industrial IoT sector, with a focus on smart power, smart manufacturing, smart retail, and smart cities[83]. - The company has established a global marketing network, with sales departments covering major developed countries, enhancing its market influence[121]. Production and Operations - The factory in Jiaxing, Zhejiang, covers an area of 17,898 square meters and is equipped with advanced production lines, enhancing production capacity and quality control[120]. - The company has established a diversified supply chain system to mitigate risks from international political and economic conflicts, including setting up factories in various countries[194]. Talent and Human Resources - The company has established a talent development program, providing training and support to enhance employee engagement and performance[46]. - The number of R&D personnel increased by 30% to 178, representing 43.73% of the total workforce, compared to 37.53% in the previous year[115]. - The company is committed to building a talent pipeline through competitive compensation and stock incentive policies to attract experienced professionals[198].