Orbbec (SH:688322)2023-04-28 16:00Financial Performance - As of the end of the reporting period, the company's total assets reached CNY 3,427.19 million, a year-on-year increase of 34.17%[16] - The net assets attributable to shareholders of the listed company amounted to CNY 3,231.01 million, reflecting a year-on-year growth of 40.69%[16] - The company achieved operating revenue of CNY 350.05 million, a decrease of 26.17% year-on-year[16] - The net profit attributable to shareholders of the listed company was a loss of CNY 289.78 million, a reduction in loss of 6.9% year-on-year[16] - The company reported a basic earnings per share of -0.77 CNY for 2022, an improvement from -0.86 CNY in 2021[83] - The net profit attributable to the parent company was -289.7829 million yuan, a decrease in loss of 6.90% year-on-year[60] - The net profit attributable to the parent company after deducting non-recurring gains and losses was -338.4916 million yuan, an increase in loss of 12.26% compared to the previous year[60] - The company reported a total comprehensive income of -183,153,165.61 CNY, compared to -160,013,601.82 CNY in the previous year[144] - Total comprehensive income attributable to the parent company was -287,290,337.18 CNY, compared to -240,669,722.71 CNY in the previous year, reflecting a decline[142] - The company reported a net loss of CNY 42,332,652.82 for 2022, compared to a net loss of CNY 62,977,354.57 in 2021, indicating an improvement in financial performance[141] Research and Development - Research and development expenses accounted for 108.73% of operating revenue in 2022, an increase of 27 percentage points compared to 2021[83] - The company has developed a "3D visual perception structure light depth computing engine chip," which won the second prize for technological invention in Shenzhen[113] - The company is committed to ongoing research and development of new products and technologies to enhance market competitiveness[186] - The company has a total of 592 R&D personnel, including 48 PhDs, which represents about 8.1% of the total workforce[95] - Research and development expenses for 2022 were CNY 380,591,553.65, slightly down from CNY 387,519,899.41 in 2021, showing a focus on maintaining R&D investment[140] Market Strategy and Partnerships - The company has formed strategic partnerships in the 3D scanning and modeling field, enhancing user experience and expanding market potential[4] - The company is actively exploring the smart home market through collaborations with door manufacturers, leveraging its 3D visual technology[3] - The company has established partnerships with major cloud platforms like Alibaba Cloud and Tencent Cloud, facilitating mass production and shipment of high-end video doorbell solutions[21] - The company plans to enhance its overseas market presence and brand influence, focusing on detailed analysis of specific projects[111] - The company is focused on internal production methods, aligning production with customer orders and sales forecasts[118] Product Development and Innovation - The company has launched multiple 3D visual perception solutions for various types of robots, leading to rapid growth in shipments[9] - The company has developed a new self-cleaning sweeping robot series, equipped with advanced depth sensing technology for improved navigation and obstacle avoidance[11] - The new U3 product features significant optimizations, achieving facial recognition speed of less than 1 second, height range of 1.2m-2m, and average power consumption of less than 0.68W[20] - The company has launched the I3 identity verification module, which has been widely accepted in the medical insurance verification market, with over 20 provinces in China adopting the technology[22] - The company has achieved mass production of a million-level area array 3D visual sensor, joining a select group of global companies[111] Financial Position and Assets - The total value of trading financial assets increased from approximately ¥359.88 million to ¥573.66 million, with a change of ¥213.78 million during the reporting period[32] - The company’s total assets and liabilities amounted to CNY 3,830,330,964.30 and CNY 3,681,308,595.50 respectively, indicating a solid financial position[140] - The total owner's equity at the beginning of the year was approximately 2.69 billion, with a reduction of approximately 453.55 million in undistributed profits[181] - The company received a total of approximately 106.66 million in owner contributions during the year[181] Operational Insights - The company is currently in a steady growth phase, with expectations for improved profitability as scale and product differentiation advantages become more pronounced[43] - The company is committed to high levels of investment in attracting top talent and core underlying technologies to seize market opportunities during the large-scale commercialization phase[43] - The company emphasizes sustainable development and has integrated this concept into its daily operations, improving employee working conditions[95] - The company operates multiple subsidiaries, including ORBBEC INTERNATIONAL LIMITED and Shenzhen Aoxin Micro Vision Technology Co., Ltd.[185] Challenges and Future Outlook - The company has not yet achieved profitability due to the interdisciplinary nature of its 3D vision perception technology, which involves multiple fields such as optics, mechanics, electronics, chips, and algorithms[43] - The company experienced a decline in operating revenue in 2022 due to significant impacts on downstream customer demand from economic downturns[84] - The company aims to enhance its overall competitiveness by strengthening independent innovation capabilities and deepening core competencies[43] - The company is focused on sustainable layout and strategic reserves for technology, which may lead to faster conversion of R&D results[43]