Novoray(SH:688300)2023-03-30 16:00Financial Performance - The company's operating revenue for 2022 was ¥661,954,238.89, representing a 5.96% increase from ¥624,709,594.77 in 2021[22]. - The net profit attributable to shareholders for 2022 was ¥188,240,500.97, an increase of 8.89% compared to ¥172,867,734.23 in 2021[22]. - The net cash flow from operating activities reached ¥240,677,481.37, a significant increase of 56.87% from ¥153,423,336.87 in the previous year[22]. - The company's total assets as of the end of 2022 were ¥1,537,623,162.65, reflecting a 17.83% increase from ¥1,304,902,145.97 at the end of 2021[22]. - The net assets attributable to shareholders increased by 12.46% to ¥1,230,031,593.07 from ¥1,093,709,453.42 in 2021[22]. - Basic earnings per share for 2022 were ¥1.51, an increase of 8.63% from ¥1.39 in 2021[23]. - The net profit attributable to the parent company was CNY 188.24 million, up 8.89% year-on-year[36]. - The net profit attributable to the parent company after deducting non-recurring gains and losses was CNY 149.95 million, a decrease of 3.64% year-on-year[36]. Dividend and Capital Structure - The proposed profit distribution plan for 2022 includes a cash dividend of RMB 4.55 per 10 shares, totaling RMB 56.72 million, which accounts for 30.13% of the net profit attributable to shareholders[6]. - The company plans to increase its capital reserve by issuing 4.9 additional shares for every 10 shares held, resulting in a total increase of 61,084,101 shares, bringing the total share capital to 185,745,531 shares[6]. - The company has not proposed any stock dividends for the current year[6]. - The company has not proposed any stock bonus plans for the year 2022[172]. Research and Development - The company's R&D expenditure as a percentage of operating revenue was 5.82%, up from 5.61% in the previous year[23]. - The company increased its R&D investment to CNY 38.50 million, a year-on-year growth of 9.82%, representing 5.82% of operating revenue[38]. - The company has obtained 16 new intellectual property rights during the reporting period[38]. - The company has filed 28 new intellectual property applications this year, with 16 granted, bringing the cumulative totals to 160 applications and 94 grants[70]. - The number of R&D personnel increased to 73, representing 16.08% of the total workforce, up from 11.44% in the previous year[84]. - The total compensation for R&D personnel reached ¥1,319.90 million, with an average salary of ¥18.08 million per person[84]. - The company emphasizes continuous improvement and innovation, enhancing its R&D capabilities and product performance to meet customer demands[85]. Market and Industry Trends - Despite a decline in market demand, the company continued to increase its market share and maintain growth in high-end products[22]. - The semiconductor packaging materials market in China is experiencing continuous growth, driven by domestic demand and government support, with the advanced packaging global market size reaching $30.4 billion in 2020, accounting for 45% of the global packaging market[52]. - The demand for thermal interface materials is increasing due to the growing sales of new energy vehicles, which is expected to drive rapid growth in the demand for thermal conductive powder fillers used in battery applications[57]. - The photovoltaic industry is projected to reach a conservative market space of 270 GW by 2025, supported by the "dual carbon" goals included in the 14th Five-Year Plan[55]. - The advanced packaging market is expected to contribute significantly to the global semiconductor packaging market, with its share projected to reach 50% by 2026[52]. Corporate Governance - The company has received a standard unqualified audit report from Huaxing Accounting Firm[5]. - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[5]. - The company has established a governance structure that includes a board of directors with four specialized committees to enhance decision-making efficiency and professionalism[137]. - All resolutions proposed during the shareholder meetings were approved without any rejections, ensuring compliance with legal and regulatory requirements[141]. - The company has continuously improved its corporate governance in accordance with relevant laws and regulations, ensuring fair and timely information disclosure[138]. Environmental and Social Responsibility - The company has invested RMB 13.01 million in environmental protection during the reporting period[178]. - The company has established an ISO14001 environmental management system to manage waste and pollution emissions, ensuring compliance with local standards[181]. - The company has made a donation of 3.3 million CNY to the Lianyungang Red Cross in March 2022[187]. - The company emphasizes ESG initiatives, integrating environmental protection and social responsibility into its business operations[175]. - The company has taken measures to protect ecological balance and prevent pollution, including purchasing environmental pollution liability insurance[184]. Operational Efficiency - The company has enhanced its internal management efficiency through standardized operations and improved automation and intelligence levels in production processes[42]. - The company has implemented advanced quality management tools to ensure product quality and stability in production processes[90]. - The company is committed to optimizing management processes and enhancing internal control to achieve annual targets and improve operational efficiency[135]. - The company has implemented a comprehensive internal control system that complies with regulatory requirements, ensuring effective risk management[174]. Future Outlook - The company plans to expand its market presence and is focusing on new product development to drive future growth[145]. - Future guidance indicates a positive outlook, with expectations of continued revenue growth in the upcoming quarters[145]. - The management team emphasizes the importance of strategic partnerships to leverage market opportunities[145]. - Ongoing research and development efforts are expected to yield innovative solutions that meet evolving customer needs[145].