Delphi Laser(SH:688170)2023-04-26 16:00Financial Performance - The company plans to distribute a cash dividend of 4 RMB per 10 shares, totaling approximately 41.34 million RMB, which represents 61.34% of the net profit attributable to shareholders for 2022[7]. - Net profit attributable to shareholders decreased by 23.16% to CNY 67,401,477.69 in 2022 from CNY 87,713,713.34 in 2021[59]. - Operating income rose by 3.48% to CNY 568,452,971.58 in 2022, up from CNY 549,316,370.07 in 2021[59]. - The average return on equity decreased by 10.03 percentage points to 6.34% in 2022 from 16.37% in 2021[59]. - The company experienced a significant decline in net cash flow from operating activities, down 91.42% to CNY 4,353,276.99 in 2022 from CNY 50,732,077.10 in 2021[59]. - Research and development expenses accounted for 14.99% of operating income in 2022, an increase of 4.26 percentage points from 10.73% in 2021[60]. - Total assets increased by 66.41% to CNY 1,614,021,786.08 in 2022 compared to CNY 969,930,217.47 in 2021[59]. Business Focus and Technology Development - The main business focuses on high-end industrial precision laser processing equipment and laser devices, with a strong emphasis on R&D in new products and technologies[12]. - The company has developed core technologies for nanosecond, ultrafast (picosecond, femtosecond), and adjustable pulse width solid-state lasers, with mature products ready for industrial-scale production[12]. - The company is committed to expanding its market presence in semiconductor and new energy applications, leveraging its advanced laser technologies[12]. - The company has established a new energy division in 2022, focusing on lithium battery and photovoltaic applications[19]. - The company is focusing on high-power cutting/welding, microelectronics processing, and sensing applications, driving the demand for ultrafast (picosecond and femtosecond) lasers[26]. - The company has developed specialized equipment for new applications, including third-generation semiconductor laser solutions and Micro LED laser solutions, indicating strong growth potential in downstream markets[29]. Product Offerings and Market Applications - The precision laser processing equipment is categorized into semiconductor, display, new electronics, and new energy sectors, addressing various applications[14]. - The company’s semiconductor laser processing equipment includes cutting and scribing for silicon carbide and gallium nitride wafers, as well as advanced packaging applications[14]. - The company is targeting the micro LED market with laser transfer and separation technologies, enhancing its product offerings in the new energy sector[15]. - The company has achieved significant advancements in laser processing solutions for ultra-thin, ultra-hard, brittle, flexible, and composite materials[12]. - The company’s laser processing equipment for flexible circuit boards (FPC) and printed circuit boards (PCB) is designed for high-precision applications[18]. - The company’s new products in the automotive sector include laser processing solutions for vehicle glass, enhancing precision in manufacturing[18]. - The company has introduced advanced packaging and drilling equipment compatible with wafer-level packaging products[16]. - The company’s laser processing solutions are increasingly applied in the automotive electronics, 5G, and consumer electronics sectors[19]. Market Trends and Growth Projections - In 2021, the global laser equipment market sales revenue reached approximately $21 billion, with a year-on-year growth of 16%, and is expected to grow by about 10% to $23.2 billion in 2022[25]. - The Chinese laser equipment market is projected to reach 87.6 billion yuan in 2022, reflecting a year-on-year growth of 6.7%[25]. - The domestic ultrafast laser market size reached 3.2 billion yuan in 2021, with an expected growth to 3.85 billion yuan in 2022, representing a year-on-year increase of 20.32%[28]. - The market for third-generation semiconductor power electronics in electric vehicles and charging stations in China was approximately ¥6.85 billion in 2022, projected to grow to ¥24.5 billion by 2026, with an annual growth rate of nearly 37.5%[33]. - The global Micro LED display market is projected to reach $3.391 billion by 2026, with a compound annual growth rate of 173.89% from 2021 to 2026[38]. - In 2022, China's new energy vehicle sales reached 7.058 million units, a year-on-year increase of 96.9%, maintaining its position as the world's largest market for eight consecutive years[40]. Shareholder Information - The top shareholder, Zhao Yuxing, holds 23,745,000 shares, representing 22.97% of the total shares[65]. - Beijing Woyan Investment holds 10,326,837 shares, accounting for 9.99% of the total shares, with 6,597,468 shares pledged[65]. - Jiangyin Tianlong Heavy Industry holds 6,470,000 shares, which is 6.26% of the total shares[65]. - The company has a total of 4,850,000 shares held by Jiangsu Zhongmei Mining Equipment, representing 4.69%[65]. - Suzhou Dezhan Investment holds 3,980,000 shares, making up 3.85% of the total shares[65]. - Shanghai Shangli Investment has 3,870,000 shares, which is 3.74% of the total shares[65]. - Wuxi Guanying Investment holds 3,690,000 shares, accounting for 3.57% of the total shares[65]. - The total shares held by the top ten shareholders do not indicate any related party relationships or concerted actions among them[65]. - The company does not have any preferred shareholders with voting rights[67]. Audit and Compliance - The company has received a standard unqualified audit report from Dahua Certified Public Accountants[6]. - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring no misleading statements or omissions[5]. - There are no significant changes in the company's operating conditions reported during the period[69].