Wayzim(SH:688211)2023-04-20 16:00Financial Performance - In 2022, the net profit attributable to shareholders of the listed company was -118,719,653.61 RMB, while the net profit of the parent company was -177,456,839.10 RMB[6]. - The parent company's accumulated undistributed profits at the beginning of 2022 were 371,450,291.33 RMB, and after deducting shareholder dividends of 78,965,218.80 RMB, the ending balance was 115,028,233.43 RMB[6]. - The company plans not to distribute cash dividends for the year 2022 and will not conduct capital reserve transfers or other forms of distribution[6]. - The company has not yet achieved profitability since its listing[4]. - The net profit attributable to shareholders of the listed company decreased by 145.80% to CNY -118,719,653.61 in 2022 from CNY 259,207,152.43 in 2021[24]. - The basic earnings per share for 2022 was CNY -0.90, a decrease of 136.14% from CNY 2.49 in 2021[25]. - The total profit was -154.10 million RMB, a decrease of 149.94% year-on-year[41]. - The company's operating profit for 2022 was -15,175.68 million RMB, a decline of 149.27% year-on-year[145]. - The company faced a net cash flow from operating activities of -37,440.91 million RMB, an improvement of 91.11% from the previous year[148]. Revenue and Growth - In 2022, the company's operating revenue was CNY 2,314,895,871.41, an increase of 4.76% compared to CNY 2,209,625,669.26 in 2021[24]. - The company achieved total operating revenue of 2,314.90 million RMB in 2022, representing a year-on-year growth of 4.76%[41]. - Revenue from the overseas market increased significantly by 495.16% year-on-year, totaling ¥277,104,436.94, with a gross margin of 15.39%[152]. - Total revenue from integrated sorting systems increased by 17.18% year-on-year, reaching ¥884,931,128.54, while gross margin decreased to 7.00%[152]. - Single-item separation revenue surged by 1,483.86% year-on-year to ¥147,625,068.14, driven by rapid order growth and project acceptance[153]. Research and Development - Research and development expenses accounted for 8.93% of total revenue, up from 6.06% in the previous year, representing an increase of 2.87 percentage points[84]. - Total R&D expenditure reached approximately ¥206.68 million, a 54.36% increase from the previous year's ¥133.89 million[84]. - The company added 47 new patents during the reporting period, including 4 invention patents, 38 utility model patents, and 4 design patents[82]. - The company has developed a high-performance edge computing platform for intelligent logistics, enhancing real-time processing and reducing reliance on network bandwidth[71]. - The company is focused on long-term high-quality development through increased R&D investment and technological innovation[85]. Market and Industry Trends - In 2022, the Chinese smart logistics equipment market reached a scale of 82.99 billion yuan, with a year-on-year growth of 16.1%[62]. - The market is expected to grow rapidly, with a projected compound annual growth rate of 18.3%, reaching 192.02 billion yuan by 2027[63]. - The logistics equipment industry is transitioning from automation to intelligence, leveraging technologies like AI and IoT to enhance efficiency and reduce resource consumption[63]. - The demand for smart logistics equipment is driven by sectors such as new energy, express delivery, fast-moving consumer goods, and pharmaceuticals, with new energy showing the fastest growth[62]. Operational Efficiency and Technology - The company has developed advanced algorithms for machine vision applications in logistics, utilizing deep learning to enhance recognition and analysis capabilities[48]. - The company’s sorting systems include cross-belt sorting for small packages, large package sorting systems, and integrated sorting systems that automate the entire sorting process[46][47]. - The company has developed a modular and distributed control system architecture, improving flexibility and system expansion capabilities[73]. - The integration of WCS, WMS, and MES systems enhances the efficiency of warehousing and distribution operations[73]. - The company has achieved a sorting efficiency of up to 10,000 items per hour with its high-speed sorting technology[72]. Customer and Market Relationships - The company has expanded its customer base to include leading domestic industry clients and has established sales centers in Asia, America, Europe, and Africa[41]. - Sales revenue from the top five customers accounted for 90.19%, 95.21%, and 79.09% of total revenue in 2020, 2021, and 2022 respectively, indicating a high customer concentration risk[133]. - The company is actively expanding its overseas market presence, which increases exposure to foreign exchange risks[141]. Risks and Challenges - The company has described potential risks in the report, urging investors to pay attention to investment risks[4]. - The company is exposed to risks from high accounts receivable and inventory levels, which could impact future performance[137][139]. - The company faces risks related to market demand fluctuations, particularly from the e-commerce and logistics sectors, which could impact its revenue[131]. - The company's main raw materials constitute a significant portion of its operating costs, making it vulnerable to supply and price fluctuations[134].