Luster(SH:688400)2023-04-25 16:00Financial Performance - The company's operating revenue for 2022 was approximately RMB 2.75 billion, representing a year-on-year increase of 12.83% compared to RMB 2.44 billion in 2021[24]. - The net profit attributable to shareholders for 2022 was approximately RMB 187.54 million, an increase of 9.12% from RMB 171.86 million in 2021[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 166.47 million, up 8.69% from RMB 153.16 million in 2021[24]. - The company's total assets at the end of 2022 reached approximately RMB 5.01 billion, a 92.56% increase from RMB 2.60 billion at the end of 2021[25]. - The net assets attributable to shareholders increased by 149.32% to approximately RMB 3.89 billion from RMB 1.56 billion at the end of 2021[25]. - The company's revenue for 2022 reached 2.749 billion yuan, representing a year-on-year growth of 12.83%[55]. - The net profit attributable to shareholders for 2022 was 188 million yuan, an increase of 9.12% compared to the previous year[55]. - The company reported a total revenue growth of 12.83% year-on-year, with operating costs increasing by 12.94%, and net profit attributable to shareholders growing by 9.12%[190]. Dividend Distribution - The company plans to distribute a cash dividend of 1.25 yuan per 10 shares (including tax), totaling approximately 57.94 million yuan based on a total share capital of 463.5 million shares as of December 31, 2022, resulting in a cash dividend payout ratio of 30.89%[12]. Research and Development - Research and development investment for 2022 was 376 million yuan, up 33.92% year-on-year, focusing on technology and product innovation[57]. - The proportion of R&D investment to operating income increased by 2.15 percentage points to 13.67% in 2022[49]. - The R&D team consists of 825 members, with 339 holding graduate degrees, representing 41% of the team[133]. - R&D investment totaled CNY 375,792,152.95, an increase of 33.92% from the previous year[106]. - The company filed 491 new patent applications in 2022, with 195 granted, bringing the total to 1,819 applications and 999 granted[124]. - The company has established partnerships with research institutions like Tsinghua University to enhance its R&D capabilities[83]. - The company has developed a virtual reality content production center, achieving a positioning accuracy of 0.1mm/m and a frame rate exceeding 300fps[128]. Market Expansion and Product Development - The company is actively expanding its overseas market presence by establishing wholly-owned subsidiaries in the US and Vietnam[55]. - The company is focusing on the development of intelligent visual equipment for the new energy sector and printing packaging[108]. - The company is focusing on expanding its market presence in various sectors, including security, logistics, and smart transportation, leveraging machine vision technology[120]. - The company has launched a series of products tailored for various sectors, including precision assembly in consumer electronics and defect detection in lithium battery production[135]. - The company is implementing an IPD product development management project to enhance product quality and reduce delivery cycles[58]. Risks and Challenges - The company faced challenges due to external economic conditions and the global chip shortage, impacting sales orders and production delivery[26]. - The company emphasizes the importance of investor awareness regarding risks associated with forward-looking statements in its reports[33]. - The company faces risks related to rapid technological changes and the need for continuous R&D investment to meet evolving downstream application demands[138]. - Increased competition in the machine vision industry may lead to price declines and rising costs, impacting the company's profitability[140]. - The company is exposed to risks from international supply chain disruptions, particularly in high-end optical components due to the global chip shortage[140]. - The company's performance is closely tied to macroeconomic conditions, with potential downturns affecting demand in end-user applications[142]. Technological Advancements - The VisionWare algorithm platform has been iterated to version 5.3, featuring 9 technical modules and over 100 algorithm tools, supporting comprehensive industrial machine vision applications[66]. - The company has achieved significant breakthroughs in 3D vision technology, with applications in industrial automation and logistics[118]. - The company's AI algorithm platform, VisionWARE, includes 9 technical modules and over 100 algorithm toolkits, improving defect detection efficiency in industrial applications by 30%-50%[149]. - The company is investing in the development of a flexible robotic installation and operation control platform, aiming to enhance automation standardization and modularization[149]. Customer and Supplier Relations - The top five customers contributed ¥78,356.58 million, accounting for 28.51% of total annual sales, with related party sales making up 14.39%[175]. - The top five suppliers accounted for ¥63,839.92 million, or 32.76% of total annual purchases, with no related party purchases reported[176]. - Major clients include industry leaders such as Apple, BOE, and CATL, which have provided practical value for developing intelligent visual detection and measurement equipment[135]. Financial Position and Liquidity - Cash and cash equivalents reached ¥2,121,666,169.36, accounting for 42.35% of total assets, a significant increase of 291.43% compared to the previous period[1]. - The company has reduced short-term borrowings by 75.65% to ¥41,036,527.76, indicating improved liquidity management[1]. - The company's inventory value was ¥470,000,000, accounting for 9.39% of total assets, indicating potential risks related to inventory impairment if market demand is not accurately forecasted[188]. - The company has recognized investment income of ¥147,878,302.13 from long-term equity investments, a 35.60% increase compared to the previous period[1].