2023-03-21 16:00Financial Performance - The company's operating revenue for 2022 was CNY 353,890.89 million, representing a 37.31% increase compared to CNY 257,726.23 million in 2021[19]. - The net profit attributable to shareholders for 2022 was CNY 107,684.33 million, a significant increase of 109.31% from CNY 51,446.68 million in 2021[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 101,940.55 million, up 129.49% from CNY 44,420.31 million in 2021[19]. - The company's total assets at the end of 2022 were CNY 611,088.81 million, a 46.72% increase from CNY 416,501.42 million at the end of 2021[19]. - The net assets attributable to shareholders at the end of 2022 were CNY 453,123.04 million, reflecting a 44.30% increase from CNY 314,024.57 million at the end of 2021[19]. - The basic earnings per share for 2022 were CNY 1.32, an increase of 91.30% compared to CNY 0.69 in 2021[20]. - The diluted earnings per share for 2022 were CNY 1.31, reflecting an increase of 89.86% from CNY 0.69 in 2021[20]. - The comprehensive gross profit margin increased by 5.76 percentage points due to product structure adjustments and new product launches[21]. - The overall gross margin was 64.67%, maintained through timely adjustments in product structure and pricing strategies[70]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 1.35 per 10 shares, totaling approximately RMB 110.25 million (including tax) for the year 2022[3]. - The profit distribution plan has been approved by the board and will be submitted for shareholder approval[3]. - The cash dividend distribution for A shares was completed on July 21, 2022, and for H shares on August 19, 2022, aligning with the proposed plans[136]. - The company announced a cash dividend of RMB 0.65 per 10 shares for the 2021 fiscal year, totaling RMB 52,942,630.00, which represents 10.29% of the net profit attributable to ordinary shareholders[138]. Research and Development - The R&D expenditure as a percentage of operating revenue was 25.04% in 2022, a decrease of 4.02 percentage points from 29.06% in 2021[20]. - The company achieved a total R&D investment of CNY 88,610.18 million in the reporting period, an increase of 18.32% compared to the previous year[48]. - The company applied for 32 invention patents and obtained 13 invention patent authorizations during the reporting period, bringing the total number of invention patents to 221[46]. - The company is actively developing high-sensitivity and anti-interference fault arc detection chips, enhancing its product offerings in low-voltage electrical appliances[55]. - The company is focusing on product line layout and accelerating product development, with plans to enhance core competitiveness through differentiated products and technology leadership[100]. Market Position and Strategy - The company is recognized as one of the leading firms in the FPGA field in China, emphasizing its technological advancements and market position[35]. - The company maintains a leading position in the domestic RFID, smart card, and security module chip supply market, actively developing RFID + sensor ecosystems to enhance product offerings and solutions[39]. - The company is leveraging opportunities from the ongoing chip shortage, particularly in high-end chips for electric vehicles and industrial control[38]. - The company aims to expand its market presence in high-reliability applications, including automotive electronics and medical devices, through the development of secure chips[41]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2025[110]. Governance and Compliance - The company has established a governance structure that ensures clear responsibilities and effective operation among its decision-making bodies[103]. - The company has maintained a robust internal control system, with no significant deficiencies reported during the period[144]. - The independent non-executive directors and the supervisory board have expressed clear agreement on the profit distribution proposals, ensuring compliance with corporate governance standards[137]. - The company has not faced any penalties from securities regulatory authorities in the past three years[118]. - The company is committed to maintaining transparency and accountability in its financial reporting and corporate governance practices[109]. Risks and Challenges - The company faces risks related to high supplier concentration and cyclical fluctuations in capacity utilization, which could adversely affect profitability and product delivery[62]. - The company is at risk of declining product sales prices and gross margins due to increased competition and changing market dynamics, particularly in the consumer electronics sector[62]. - The company is exposed to risks from changes in government subsidies and tax incentives, which could impact profitability if national policies shift[64]. - The semiconductor industry is facing a downward trend, with a projected global semiconductor market sales of approximately $556.6 billion in 2023, a decline of 4.1% compared to 2022[38]. Environmental, Social, and Governance (ESG) - The company reported direct greenhouse gas emissions of 340.33 tons of CO2 equivalent and indirect emissions of 6,772.80 tons of CO2 equivalent for the year 2022[152]. - The company invested 1.2532 million RMB in environmental protection during the reporting period[149]. - The board of directors emphasizes the importance of ESG work and has established a committee to oversee ESG strategies and goals[148]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[149]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 1,691, with 1,262 in the parent company and 429 in major subsidiaries[131]. - The company increased its R&D personnel to 885, representing 52.34% of the total workforce, with an average salary of 60.50 thousand RMB[56]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 15.36 million RMB[117]. - The company has a competitive compensation policy that includes salaries, bonuses, social insurance, and various leave types[132]. Future Outlook - Future performance guidance indicates a positive outlook with expected revenue growth driven by new product launches and market penetration strategies[109]. - The company projects a revenue growth of 20% for the next fiscal year, aiming for a target of 1.8 billion RMB[110]. - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on innovative technology solutions[110].