S-KING(SH:688328)2023-06-26 16:00Financial Performance - The company reported no profit distribution for the fiscal year 2022, with no cash dividends or stock bonuses planned[5]. - The company has not achieved profitability since its listing, indicating ongoing investment in growth and development[4]. - The company's operating revenue for 2022 was approximately ¥588.81 million, a decrease of 35.36% compared to ¥910.92 million in 2021[21]. - The net profit attributable to shareholders was a loss of approximately ¥35.84 million, down 164.30% from a profit of ¥55.74 million in the previous year[21]. - The cash flow from operating activities showed a net increase of 124.18%, reaching approximately ¥20.25 million compared to a negative cash flow of ¥83.74 million in 2021[25]. - The total assets increased by 21.41% year-on-year, amounting to approximately ¥1.81 billion, primarily due to funds raised from convertible bonds[25]. - The basic earnings per share for 2022 was -¥0.44, a decline of 160.27% from ¥0.73 in 2021[22]. - The weighted average return on equity decreased to -4.79%, down 12.83 percentage points from 8.04% in the previous year[22]. Research and Development - The company’s R&D expenditure as a percentage of operating revenue rose to 14.13%, an increase of 5.96 percentage points from 8.17% in 2021[22]. - The company invested 83.1753 million RMB in R&D, representing 14.13% of operating revenue, with semiconductor equipment R&D spending increasing by 35.75% to 21.0997 million RMB[38]. - The company has received 39 new patent approvals and 8 software copyrights in 2022, bringing the total to 386 patents, enhancing its competitive edge in technology[39]. - The company is focusing on developing Mini/Micro-LED assembly and testing equipment, as well as automation equipment for flexible OLED and large-size LCD displays to strengthen its market position[38]. - The company has established a comprehensive R&D, production, and sales system, enabling it to provide integrated solutions for automation equipment in various sectors[40]. - The company has developed a range of automated equipment for various applications, including high-speed testing and sorting machines for IC devices, which integrate labeling and imaging systems to ensure high-quality product output[42]. - The company has implemented a procurement strategy that combines strategic and order-based purchasing, ensuring a stable supply of raw materials while controlling inventory costs[46]. Market Conditions and Challenges - The company faced challenges due to a slowdown in the semiconductor industry and reduced demand in the consumer electronics market, impacting order volumes and sales[23]. - Sales revenue from semiconductor equipment was 194.9819 million RMB, a decline of 28.64% due to a slowdown in the global semiconductor industry and conservative inventory strategies from clients[35]. - Sales revenue from flat panel display module equipment was 240.8452 million RMB, down 54.98%, attributed to weak demand in the consumer electronics market and excess capacity in the display panel industry[36]. - The company is actively developing new products to capture opportunities in the domestic semiconductor equipment market[83]. Corporate Governance - The audit report issued by Da Hua Certified Public Accountants confirmed the financial statements' accuracy and completeness[5]. - The company has a comprehensive governance structure in place, with all board members present at the meeting[5]. - The company has not disclosed any special arrangements regarding corporate governance[8]. - The governance structure has been optimized to ensure compliance with legal requirements, safeguarding the rights and interests of shareholders[137]. - The company has established a transparent information disclosure system to maintain shareholder rights and prevent insider trading[139]. Investment and Financing - The company issued 360 million RMB in convertible bonds to fund R&D and production projects for advanced semiconductor packaging and display equipment[37]. - The company plans to submit its profit distribution proposal to the shareholders' meeting for approval[5]. - The company has established a framework for future financing and capital management through convertible bonds[197]. Employee and Talent Management - The average salary of R&D personnel is RMB 259,467.14, with a total of 238 R&D staff, representing 23.75% of the total workforce[77]. - The company has established a postdoctoral innovation practice base to enhance R&D talent cultivation[82]. - The company has a competitive and incentive-based salary system, aligning employee compensation with performance and contributions[159]. - The company conducted training programs for new employees and technical staff to enhance professional skills and innovation capabilities[160]. Environmental and Social Responsibility - The company donated 50,000 yuan to support rural revitalization efforts, benefiting 143 villagers, including 65 who were lifted out of poverty[175]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[170]. - The company has not established an environmental protection mechanism and did not invest any funds in environmental protection during the reporting period[168]. Future Outlook - The company plans to enhance R&D investment focusing on advanced semiconductor testing equipment and new high-end display devices, aiming to improve automation levels and production efficiency[134]. - The company aims to strengthen brand building and deepen customer relationships to enhance market responsiveness and expand market reach[134]. - The company has set ambitious performance guidance for the next quarter, projecting continued revenue growth and user acquisition[145].