RIGOL(SH:688337)2023-03-28 16:00Financial Performance - The company's operating revenue for 2022 was CNY 630,571,047.37, representing a 30.30% increase compared to CNY 483,941,809.91 in 2021[18]. - The net profit attributable to shareholders for 2022 was CNY 92,488,402.42, a significant recovery from a loss of CNY 3,897,740.65 in 2021[18]. - The net profit after deducting non-recurring gains and losses was CNY 46,980,832.23, improving from a loss of CNY 21,986,027.70 in the previous year[18]. - The cash flow from operating activities for 2022 was CNY 103,619,194.48, an increase of 67.32% from CNY 61,927,095.41 in 2021[19]. - The total assets at the end of 2022 reached CNY 2,788,982,047.08, up 204.21% from CNY 916,794,672.03 at the end of 2021[19]. - The basic earnings per share for 2022 was CNY 0.83, compared to a loss of CNY 0.04 per share in 2021[20]. - The total net profit attributable to shareholders in Q4 2022 was CNY 42,350,019.15, marking a strong performance in the last quarter[22]. - The company's operating revenue reached ¥630,571,047.37, a year-on-year increase of 30.30%[154]. - The gross profit margin for the main business was 52.67%, an increase of 2.10 percentage points compared to the previous year[156]. Dividend and Capital Structure - The company plans to distribute a cash dividend of 7.00 CNY per 10 shares, totaling approximately 84.92 million CNY, which represents 91.81% of the net profit attributable to shareholders[3]. - The company will increase its share capital by 4.8 shares for every 10 shares held, resulting in a total of 58.23 million new shares issued, changing the total share capital to 179.54 million shares[3]. Audit and Compliance - The company has received a standard unqualified audit report from Deloitte Huayong[3]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[5]. - The company has not faced any violations in decision-making procedures for external guarantees[5]. - The company has not reported any instances where more than half of the board members could not guarantee the authenticity and completeness of the annual report[5]. - The company has not disclosed any special arrangements for corporate governance[5]. Research and Development - R&D expenses amounted to 125.64 million yuan, a year-on-year increase of 21.74%, with R&D expense ratio at 19.92%[41]. - The company has achieved breakthroughs in high bandwidth high sampling rate signal processing technology and high precision signal processing technology, adding 2 new core technologies in 2022, bringing the total to 22 core technologies[54]. - The company has applied for 610 invention patents, 90 utility model patents, and 94 design patents, with 381 invention patents authorized, an increase of 29 from the previous year[55]. - The company is developing a high-performance arbitrary waveform generator with a total investment of ¥650 million, with ¥638.60 million already invested[122]. - The company has a leading technology research and development team with over 24 years of industry experience, resulting in the launch of several milestone products, including the first commercial digital oscilloscope in China and the first 5GHz bandwidth digital oscilloscope[128]. Market Position and Strategy - The company is positioned as a leading domestic technology enterprise in the electronic measurement instrument industry, benefiting from national strategic support and rapid growth in downstream new industries[30]. - The company ranks fifth globally in the oscilloscope market and is the only Chinese company in the top five, indicating a strong competitive position[103]. - The company aims to become an international brand in the testing and measurement industry by focusing on original technology innovation and self-developed core technologies[188]. - The company will continue to drive development through a "technology + market" dual-engine strategy, focusing on core technologies and market needs[189]. Sales and Distribution - The company maintains a stable global sales distribution, with domestic sales accounting for 56.81% and overseas sales 43.19%[43]. - The direct sales model revenue increased by 35.69%, with major customer and end-user sales growing by 73.34%[36]. - The company has established a comprehensive sales system globally, with subsidiaries in the US, Europe, Japan, and Singapore, and marketing offices in Brazil, India, South Korea, and Vietnam[59]. - The company operates in over 90 countries and regions, with a focus on international brand building and integrated sales models combining distribution and direct sales[89]. Innovation and Technology - The company has developed high-precision waveform analysis technology and multi-channel phase calibration and synchronization technology, enhancing its competitive edge[112]. - The integration of measurement instruments with standard interconnection protocols allows for systematic integration and cloud-based data analysis[108]. - The company has achieved significant advancements in real-time hardware measurement technology, improving data analysis precision[114]. - The company has developed a signal generator technology that allows for precise control of pulse signal edge timing and width adjustments[115]. Awards and Recognition - The company received several awards in 2022, including the "National Intellectual Property Advantage Enterprise" and the "Outstanding Employer" award, enhancing its industry position[61]. - The company has been recognized in the capital market, being listed as a "Most Valuable Leader" and receiving the "Best Value Transmission IR Team" award[62]. - The company has received multiple prestigious awards, including the "Second Prize for Scientific and Technological Progress" from the Chinese Society of Instrumentation and the "Annual Testing and Measurement Product Award" at the 2022 ASPENCONRE Global Electronics Achievement Awards[117]. Supply Chain and Production - The company has established a stable and sustainable strategic relationship with major suppliers through a comprehensive evaluation system based on quality, price, and delivery[86]. - The production model combines "sales-driven production" with reasonable inventory management, ensuring efficient production planning based on sales forecasts[87]. - The company has implemented an automated production line, including a patented fully automated keyboard testing system, significantly enhancing production efficiency[87]. - The company emphasizes the development and training of new suppliers to ensure a stable supply chain[86]. Future Outlook - In 2023, the company plans to launch a 13GHz bandwidth real-time digital oscilloscope, enhancing its reputation and application in high-speed interface testing[196]. - The company will strengthen its global and localized marketing strategies, targeting developed markets and emerging economies to drive long-term sales growth[199]. - The company aims to improve its supply chain through lean operations, ensuring high-quality and low-cost delivery[200].