Accotest(SH:688200)2023-04-25 16:00Financial Performance - Revenue in 2022 reached 1,070,558,398.13 RMB, a year-on-year increase of 21.89%[32] - Net profit attributable to shareholders in 2022 was 526,290,389.31 RMB, up 19.95% compared to 2021[32] - Basic earnings per share in 2022 were 5.79 RMB, up 19.63% from 2021[35] - Weighted average return on equity in 2022 was 18.47%, a slight decrease of 0.11 percentage points from 2021[35] - Non-recurring gains and losses for 2022 amounted to 207,934,024.70 yuan, including government subsidies of 99,101,533.30 yuan[23][25] - The company's testing system sales decreased by 45.57% year-on-year, with 1,075 units sold in 2022 compared to 1,500 units in 2021[9] - In 2022, the company's revenue for each quarter was 259,495,300.17 yuan (Q1), 281,626,992.32 yuan (Q2), 236,997,016.80 yuan (Q3), and 292,439,088.84 yuan (Q4)[115] - Net profit attributable to shareholders for 2022 was 122,198,901.49 yuan (Q1), 148,327,833.09 yuan (Q2), 111,007,533.06 yuan (Q3), and 144,756,121.67 yuan (Q4)[115] - Operating cash flow for 2022 was 90,024,044.90 yuan (Q1), 134,195,304.92 yuan (Q2), 45,013,646.82 yuan (Q3), and 124,599,447.74 yuan (Q4)[118] R&D and Innovation - R&D investment accounted for 11.00% of revenue in 2022, an increase of 0.29 percentage points from 2021[35] - The company's R&D investment has been increasing over the past three years, with amounts of 59,134,957.79 yuan in 2020, 94,044,119.58 yuan in 2021, and 117,809,192.43 yuan in 2022[113] - The company focuses on intellectual property protection and actively applies for patents during R&D and new product development[38] - The company emphasized the importance of intellectual property protection, focusing on high-value patents in product development and process improvement to enhance core competitiveness[143] Capital and Investment - The company's investment in Tongfu Microelectronics (stock code: 002156) had an initial investment cost of 69,999,985.74 yuan, with a disposal gain of 3,936,034.20 yuan in the current period[18] - The company is seeking suitable industry targets for capital operations[38] - The company plans to leverage the capital market as a high-quality financing platform, actively seek suitable industry targets for industrial investment and M&A, conduct strict due diligence to minimize risks, and further strengthen the enterprise to deliver good returns to investors[56] - The company completed its 2020 and 2021 restricted stock incentive plans, with total share-based payment expenses of RMB 42,297,009.54[97] Corporate Governance - The company's 2021 annual general meeting, first and second extraordinary general meetings in 2022 all passed all proposals without any negative votes[59] - The company's audit committee, nomination committee, compensation and assessment committee, and strategy committee all have specific members responsible for their respective functions[70] - The company's audit committee strictly followed the Company Law, CSRC regulatory rules, and the company's articles of association and board meeting rules, and diligently passed all proposals after full communication and discussion[72] - The company's compensation and assessment committee strictly followed the Company Law, CSRC regulatory rules, and the company's articles of association and board meeting rules, and diligently passed all proposals after full communication and discussion[74] - The company has no non-operational fund occupation by controlling shareholders or related parties and no violations in external guarantee decision-making procedures[182] Employee and Management - Total number of employees is 505, with 312 in the parent company and 193 in major subsidiaries[75] - The company has 199 technical personnel, accounting for the largest proportion among professional categories[75] - 102 employees hold a master's degree, while 302 have a bachelor's degree[75] - The company's chairman and board secretary, Sun Qiang, received a total pre-tax remuneration of 3.146 million yuan in 2022, and his shareholding increased by 8,880 shares due to equity incentives and capital reserve conversion[64] - The company's general manager, Cai Lin, received a total pre-tax remuneration of 4.0333 million yuan in 2022, and her shareholding increased by 8,940 shares due to equity incentives, capital reserve conversion, and secondary market transactions[64] - The company's deputy general manager, Xu Jieshuang, received a total pre-tax remuneration of 6.6535 million yuan in 2022, and his shareholding increased by 13,320 shares due to equity incentives, capital reserve conversion, and secondary market transactions[64] - The company's financial director, Qi Yan, received a total pre-tax remuneration of 1.9293 million yuan in 2022, and her shareholding increased by 7,960 shares due to equity incentives, capital reserve conversion, and secondary market transactions[64] - The company has a comprehensive training system, including internal courses, external expert lectures, and leading enterprise visits[77] Shareholder and Investor Relations - The company allocated RMB 131,856,821.1 for cash dividends, representing 30.05% of the net profit attributable to shareholders[96] - The company plans to distribute a cash dividend of RMB 14.00 per 10 shares, totaling RMB 127,503,027.4, accounting for 24.23% of the net profit attributable to ordinary shareholders in 2022[178] - The company will also implement a capital reserve to share capital transfer, issuing 4.8 additional shares per 10 shares, increasing the total share capital to 134,788,915 shares[178] - The company held 2 earnings briefings during the reporting period to communicate with investors[130] - The company's website has a dedicated investor relations section at www.accotest.com[130] - The company released a total of 116 announcements and related attachments in 2022, ensuring fair disclosure of important information to investors[194] - The company has established official websites and social media platforms to facilitate investor communication and understanding[194] Environmental, Social, and Governance (ESG) - The company emphasizes ESG (Environmental, Social, Governance) as a cornerstone for sustainable development[102] - No carbon reduction measures were implemented during the reporting period[103] - The company did not make any environmental protection investments during the reporting period[112] - The company did not engage in any charitable donations or public welfare projects during the reporting period[126] Stock and Shareholder Commitments - The company's stock is listed on the Shanghai Stock Exchange's STAR Market under the ticker 688200[121] - The company held 97 employee stock ownership participants, accounting for 19.21% of the total employees, with a total shareholding of 424,700 shares, representing 0.47% of the total share capital[139] - The company's core technical personnel are subject to a 4-year lock-up period after the initial lock-up expires, during which they can only transfer up to 25% of their pre-IPO shares annually[148] - The controlling shareholder committed to a 36-month lock-up period post-IPO and additional restrictions on share transfers for 2 years after the lock-up expires, with specific conditions on share price and lock-up extensions[149] - The company and its controlling shareholder pledged to stabilize stock prices through share buybacks and additional share purchases, adhering to legal requirements and shareholder approval processes[152][153] - The actual controller has committed not to transfer or entrust others to manage the pre-IPO shares for 36 months after the company's stock listing[156] - If the stock price remains below the IPO price for 20 consecutive trading days within 6 months of listing, the lock-up period will be automatically extended by at least 6 months[156] - The company will initiate a stock price stabilization plan if the stock price remains below the net asset value per share for 20 consecutive trading days within three years of listing[160] - The company's board must announce a share repurchase resolution within 15 trading days after the stabilization conditions are triggered[173] - The company's controlling shareholder and actual controller will increase their shareholding if the stock price still meets the stabilization conditions after the company repurchases shares to the maximum limit[161] - Directors and senior management must increase their shareholding if the stock price stabilization conditions are met, with the amount not exceeding 20% of their after-tax salary from the previous year[172] - The company will adjust the per-share distribution ratio if the total share capital changes before the equity distribution record date[170] - The company's actual controller committed not to transfer or entrust others to manage the shares held before the IPO for 36 months from March 25, 2019[196] - The company will announce the share change report within 2 trading days after the completion of the share repurchase plan[197] - The company's stock price has been higher than the latest audited net asset value per share for 10 consecutive trading days[198] Supplier and Customer Relations - Sales of the top five customers amounted to 238.92 million yuan, accounting for 22.32% of the total annual sales[11] - The top five suppliers' procurement amounted to 89.1679 million yuan, accounting for 35.57% of the total annual procurement[12] - The company implemented strict procurement management systems to strengthen strategic partnerships with suppliers, aiming to reduce supply chain risks and ensure stable production and high-quality delivery to customers[140] - The company continuously improved product quality and reliability by aligning with global standards, enhancing internal quality control, and rapidly addressing customer feedback to maintain a competitive edge[141] Corporate Address and Contact Information - The company's registered address was changed on March 18, 2022, to No. 5 Building, 1-5 Floors, 101, 102, 103, Fenghao East Road, Haidian District, Beijing[53] - The company's website is www.hftc.com.cn and the investor relations email is ir@accotest.com[53] Dividend Policy - The company's cash dividend ratio should be at least 20% during the growth stage with significant capital expenditures[77] - The company's cash dividend ratio should be at least 40% during the mature stage with significant capital expenditures[95]