Leadyo(SH:688135)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was CNY 452,434,959.51, representing a 15.65% increase compared to CNY 391,198,103.07 in 2021[24]. - The net profit attributable to shareholders for 2022 was CNY 32,016,650.62, a decrease of 69.75% from CNY 105,841,853.17 in 2021[24]. - The company's total assets increased by 34.43% to CNY 1,693,884,882.86 in 2022, up from CNY 1,260,044,307.09 in 2021[25]. - The basic earnings per share for 2022 was CNY 0.23, down 70.51% from CNY 0.78 in 2021[26]. - The weighted average return on equity decreased to 3.04% in 2022, down 7.45 percentage points from 10.49% in 2021[26]. - The decline in net profit was attributed to increased financial expenses due to loans taken to expand high-end testing capacity and rising share-based payment costs[98]. - The gross profit margin for testing revenue decreased by 15.41 percentage points to 37.59% compared to the previous year[124]. - The gross profit margin for chip products decreased by 15.02 percentage points to 42.08% compared to the previous year[125]. Research and Development - Research and development expenses accounted for 14.93% of operating revenue in 2022, an increase of 2.47 percentage points from 12.46% in 2021[26]. - R&D investment reached RMB 67.55 million, up 38.56% year-on-year, accounting for 14.93% of operating revenue[39]. - The company has developed core technologies in testing solutions, equipment development, and fixture design, enhancing its ability to meet diverse customer needs[69]. - The R&D team has expanded its capabilities in high-end chip testing solutions, focusing on both breadth and depth across various chip applications[75]. - The company has implemented a stock incentive plan for R&D personnel to foster sustainable talent development[74]. - The company is focusing on developing testing technologies for automotive chips, particularly in the areas of intelligent cockpit and autonomous driving[154]. Operational Strategy - The company plans to increase its total share capital from 137,249,120 shares to 199,011,224 shares by distributing 4.5 additional shares for every 10 shares held, resulting in a total increase of 61,762,104 shares[6]. - The company is enhancing its R&D capabilities by increasing investment in high-end chip testing solutions to address the needs of various application fields[27]. - The company is utilizing bank loans and financing leases to supplement its funding for expanding testing capacity[27]. - The company is expanding its high-end testing capacity to meet domestic demand for integrated circuit testing[37]. - The company is actively developing testing technologies for advanced packaging chips and sensors in various application fields[39]. - The company aims to improve operational management and production efficiency to increase market share and profitability in the high-tech service industry[52]. Corporate Governance - The audit report issued by Tianjian Accounting Firm is a standard unqualified opinion[5]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[9]. - The company has not faced any issues with a majority of directors being unable to ensure the authenticity, accuracy, and completeness of the annual report[9]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute substantive commitments to investors[7]. - The company has established a governance structure that includes independent directors and various committees to ensure efficient operation and compliance with regulations[161]. Market Position and Risks - The company has developed into one of the largest independent third-party professional testing bases in China, achieving mass production testing for over 5,000 chip models across 44 categories[58]. - The independent third-party professional testing industry is experiencing rapid growth due to the increasing complexity of chips and the rising demand for specialized testing solutions[56]. - The company faces risks related to potential declines in consumer electronics demand, which could impact future performance[99]. - The company is exposed to risks from rising labor costs and potential disputes over property leases that could affect its operations[104][105]. - The revenue from the South China region accounted for 63.45% of total revenue, indicating a concentration risk in sales[109]. Employee and Talent Management - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 1,202.28 million RMB[178]. - The total remuneration for core technical personnel at the end of the reporting period was 608.59 million RMB[178]. - The company has established a competitive compensation system to enhance employee motivation and ensure legal rights, tailored to different job roles[199]. - The training program focuses on improving professional and management skills, with various training initiatives including onboarding, safety education, and industry technology training[200]. Future Outlook - The company aims to enhance its R&D capabilities and increase market share in the integrated circuit testing service sector, targeting to become a leading provider in China and globally[152]. - The company plans to expand its production capacity and improve operational efficiency to maintain its competitive edge in the independent third-party testing field[153]. - The company is expanding its market presence in regions such as Asia and Europe, aiming for a market share increase of F% by the end of the next fiscal year[172]. - The company plans to issue convertible bonds to unspecified investors, with detailed proposals for the bond's terms and conditions[184].