MEMSensing(SH:688286)2023-04-21 16:00Financial Performance - The net profit attributable to ordinary shareholders for 2022 was -54.93 million RMB, indicating a loss for the year[6]. - The company's operating revenue for 2022 was CNY 292.65 million, a decrease of 16.80% compared to CNY 351.76 million in 2021[22]. - The net profit attributable to shareholders for 2022 was a loss of CNY 54.93 million, a decline of 542.16% from a profit of CNY 12.42 million in 2021[22]. - The cash flow from operating activities for 2022 was a negative CNY 21.69 million, down 245.98% from a positive CNY 14.86 million in 2021[22]. - The comprehensive gross margin for 2022 was 25.75%, impacted by increased market competition and price pressure on products[126]. - The company's inventory balance at the end of the reporting period was CNY 205.37 million, with an inventory impairment provision of CNY 16.85 million, accounting for 8.20% of the inventory balance[127]. - The company achieved total revenue of CNY 292.65 million in 2022, a decrease of 16.80% year-on-year[134]. - The net profit attributable to the parent company was CNY -54.93 million, a decline of 542.16% compared to the previous year[134]. Shareholder Returns - The company will not distribute cash dividends, issue new shares, or convert reserves into share capital for the 2022 fiscal year due to its current financial situation[6]. - The report has been approved by the board of directors and requires shareholder meeting approval for the profit distribution plan[6]. - The company repurchased a total of 423,903 shares at a total cost of 19,963,989.75 RMB, which is considered as cash dividends under relevant regulations[6]. Operational Risks and Governance - The company has detailed various operational risks and corresponding countermeasures in the report[4]. - The report includes a standard unqualified audit opinion from Tianjian Certified Public Accountants[5]. - The company has not faced any non-operational fund occupation by controlling shareholders or related parties[9]. - There are no violations of decision-making procedures regarding external guarantees[11]. - The company has not disclosed any special arrangements for corporate governance[7]. - The company adheres to legal and regulatory requirements for information disclosure, ensuring transparency and fairness for all shareholders[193]. - Continuous improvement of governance structure and internal control systems to protect the rights of shareholders and enhance operational standards[194]. Research and Development - The company is focused on developing new technologies and products, including MEMS sensors and advanced packaging techniques[21]. - The company's R&D investment accounted for 23.83% of operating revenue, an increase from 21.50%[24]. - The company has established a professional MEMS sensor packaging and testing production line, significantly improving yield, capacity, and delivery capabilities[178]. - The company has a strong independent R&D and innovation advantage in MEMS sensors, with over 10 years of investment leading to core technology accumulation across chip design, wafer manufacturing, packaging, and testing[107]. - The company is focusing on multi-functional MEMS sensors that integrate various sensitive components on a single substrate to meet the growing demand for smart sensors[64]. Market Trends and Competition - The company faced intensified price competition in its main product, MEMS acoustic sensors, leading to pressure on sales prices and a decline in revenue scale and product gross margin compared to the previous year[34]. - The MEMS sensor market is expected to see increased demand due to the growth of AI and IoT technologies, expanding application scenarios across various industries[171]. - The global MEMS acoustic sensor market is projected to grow from $1.153 billion in 2018 to $1.871 billion by 2026, with a CAGR of 6.24%[166]. - The MEMS pressure sensor market is expected to increase from $1.860 billion in 2018 to $2.362 billion by 2026, with a CAGR of 3.03%[167]. Strategic Initiatives - The company aims to expand its market presence in the semiconductor and MEMS sectors, leveraging its proprietary DFM model to reduce development time and costs[21]. - The company is exploring strategic partnerships and potential acquisitions to enhance its technological capabilities and market reach[21]. - The company plans to continue expanding its overseas market presence while maintaining its primary focus on the domestic market[142]. - The company aims to enhance its market share among mid-to-high-end brand customers by upgrading existing product lines and improving performance and quality[176]. Talent and Human Resources - The number of R&D personnel increased to 175, representing 36.61% of the total workforce, up from 33.60% in the previous year[106]. - The total compensation for R&D personnel rose to 4,475.70 million RMB, compared to 3,790.28 million RMB in the previous year[106]. - The company is committed to a full industry chain R&D strategy, covering chip design, manufacturing, packaging, and testing, ensuring leading product iteration[178]. Financial Management and Internal Controls - A comprehensive financial management system will be established to improve accounting information quality and control financial indicators such as costs and cash flow[185]. - The company aims to enhance internal control and risk prevention mechanisms to ensure long-term stable development[186].