Yanmade(SH:688312)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 was ¥317,883,404.87, a decrease of 25.65% compared to ¥427,554,397.42 in 2021[23]. - The net profit attributable to shareholders for 2022 was ¥81,596,512.30, down 33.33% from ¥122,390,517.80 in the previous year[23]. - The net cash flow from operating activities decreased by 47.72% to ¥82,279,107.98 in 2022, compared to ¥157,374,953.94 in 2021[23]. - The company's total assets increased by 7.66% to ¥1,496,022,580.33 at the end of 2022, up from ¥1,389,618,509.27 at the end of 2021[23]. - The basic earnings per share for 2022 was ¥0.57, a decline of 32.94% from ¥0.85 in 2021[24]. - The net profit after deducting non-recurring gains and losses was ¥63,486,332.70, a decrease of 39.30% from ¥104,583,415.74 in 2021[23]. - The company's total revenue for 2022 was CNY 317,523,582.22, a decrease of 25.72% compared to the previous year[104]. - The gross profit margin for the main business was 57.38%, down by 1.42 percentage points year-on-year[104]. - The production volume decreased by 25.49% and sales volume decreased by 24.07% in 2022 compared to 2021, primarily due to weak demand in the global consumer electronics market[106]. Dividend Policy - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares to all shareholders, totaling approximately 28.95 million RMB (including tax) based on a total share capital of 144,848,536 shares as of March 31, 2023[6]. - The total amount of cash dividends for 2022 is approximately 30.23 million RMB, which accounts for 37.04% of the net profit attributable to shareholders of the listed company[7]. - The total dividend amount, including cash dividends and share repurchases, reached CNY 30,225,068.44, accounting for 37.04% of the net profit attributable to ordinary shareholders[178]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 28.42% in 2022, up from 20.45% in 2021, marking an increase of 7.97 percentage points[24]. - The company invested CNY 90.34 million in R&D in 2022, a 3.33% increase year-on-year, accounting for 28.42% of total revenue[37]. - The company has developed several core technologies in testing measurement, including analog testing technology and sensor testing technology, all of which are in mass production[56]. - The company has accumulated multiple patents in precision machinery, testing measurement, motion control, and artificial intelligence, enhancing its competitive edge[52]. - The company aims to apply for over 15 new utility model and invention patents annually to protect its core technological achievements[140]. Market Expansion and Strategy - The company is actively expanding into new business areas such as semiconductor components and automotive FPC testing, which are currently in the technology development and new product introduction stages[26]. - The company is focusing on developing intelligent equipment software and AI algorithms for defect detection, which are currently in trial use[57]. - The company plans to expand its market presence in the automotive electronics sector, particularly in areas like battery systems and intelligent cockpits, to align with the trends of electrification and intelligence in new energy vehicles[139]. - The company is considering potential mergers and acquisitions to bolster its product offerings and market presence[148]. - The company is expanding its operations with a new headquarters in Hangzhou, covering approximately 83,600 square meters, expected to be operational by 2024[38]. Governance and Compliance - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute substantial commitments to investors[8]. - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The company has confirmed that all board members attended the board meeting, ensuring proper governance[5]. - The independent directors fulfilled their responsibilities effectively, ensuring the protection of minority shareholders' rights[176]. - The company has maintained a structured approach to governance with regular elections for key positions[157]. Challenges and Risks - The decline in performance was primarily due to reduced demand for new testing equipment in the consumer electronics sector amid global economic pressures[26]. - The company faced significant challenges due to global economic recession risks, inflation, and geopolitical factors affecting consumer demand[36]. - The company is at risk of talent loss due to increasing competition for technical personnel in the industry[88]. - The company's reliance on the consumer electronics sector, particularly products related to Apple, poses a risk to revenue growth potential[91]. - The company may experience significant fluctuations in net profit due to rising R&D and market expansion costs[93]. Employee and Compensation - The company has a total of 669 employees, with 258 in R&D, 231 in production, and 119 in sales[169]. - The total compensation for R&D personnel increased to 66.46 million RMB, with an average salary rise to 25.76 thousand RMB[82]. - The total remuneration for all directors, supervisors, and senior management was CNY 5.4157 million at the end of the reporting period[156]. - The company has established a competitive salary and benefits policy, providing annual performance bonuses based on employee performance and company results[170]. Environmental Responsibility - The company invested 0.85 million yuan in environmental protection during the reporting period[193]. - The company does not belong to the key pollutant discharge units as per environmental protection department[194]. - There were no administrative penalties due to environmental issues during the reporting period[195]. - The company produces minimal pollution, primarily consisting of solid waste such as waste packaging containers and life garbage[196]. - The company has established environmental management regulations to ensure effective implementation of environmental management[199].