GRIPM(SH:688456)2023-04-20 16:00Financial Performance - The net profit attributable to shareholders for 2022 was RMB 55,444,299.72, with a cash dividend distribution of RMB 20,732,000, representing a cash dividend ratio of 37.39%[5] - The company's operating revenue for 2022 was CNY 2,780,574,311.88, a slight decrease of 0.01% compared to 2021[20] - Net profit attributable to shareholders decreased by 31.74% to CNY 55,444,299.72 in 2022[20] - The basic earnings per share fell by 36.90% to CNY 0.53, while diluted earnings per share also decreased by the same percentage[21] - The total assets at the end of 2022 were CNY 1,457,035,636.81, reflecting a 2.52% increase from the previous year[20] - The company's net assets attributable to shareholders rose by 2.72% to CNY 1,121,461,083.67[20] - The gross profit margin for the main business decreased by 1.25 percentage points year-on-year, with total gross profit margin at 7.26%[76] - The revenue from the microelectronics segment was approximately CNY 928 million, with a gross margin of 7.24%, reflecting a year-on-year increase of 14.22%[77] Dividend Distribution - The company plans to distribute a cash dividend of RMB 2.0 per 10 shares to all shareholders, pending approval at the annual general meeting[5] - The total number of shares held by the board members and senior management remained unchanged at 0 throughout the reporting period[117] - The company plans to distribute a cash dividend of RMB 2.0 per 10 shares, totaling RMB 20,732,000, which represents 37.39% of the net profit attributable to shareholders for the year 2022[142] Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[5] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7] - The company has not violated any decision-making procedures for providing guarantees[7] - The company has not faced any issues with a majority of directors being unable to ensure the authenticity and completeness of the annual report[7] - The company has not disclosed any special arrangements for corporate governance[7] - The company has not faced any penalties from securities regulatory agencies in the past three years[127] Research and Development - The company reported a total R&D expenditure of ¥91,511,730.01, a decrease of 9.67% compared to the previous year[51] - R&D expenditure accounted for 3.29% of total revenue, down from 3.64% in the previous year, indicating a slight reduction in investment relative to revenue[51] - The company added 22 new patent applications during the reporting period, including 2 foreign invention patents and 18 domestic invention patents[49] - The company achieved a total of 158 authorized patents by the end of the reporting period, with 132 being domestic invention patents[49] - The company has been actively involved in national-level R&D projects, with a total of 17 national key R&D projects undertaken[49] - The company’s core technology in spherical metal powder preparation has reached an international advanced level, with some indicators at a leading level[46] Market and Sales Strategy - The company’s sales strategy focuses on technical marketing, leveraging industry exhibitions, academic conferences, and internet platforms to build and maintain strong customer relationships[38] - The company is positioned in the "Manufacturing" sector under "Metal Products Industry," specifically in the advanced non-ferrous metal materials segment, which is expected to benefit from favorable policies and market demand[39] - The company is actively expanding its application fields for metal powder materials, including MIM powders, heat sink powders, and electronic slurry powders, to drive technological upgrades in downstream applications[41] - The company achieved a 5.5% year-on-year increase in sales volume for tin-based powder materials, despite a downturn in the consumer electronics market, by developing overseas key customers[32] Operational Challenges - The company experienced a decline in sales volume and increased manufacturing costs, impacting overall profitability[22] - In 2022, the company faced significant challenges due to a slowing global economy, with downstream industries like diamond tools and consumer electronics experiencing weak demand, impacting the overall metal powder market[32] - The company is facing risks related to market demand fluctuations, particularly in the industrial raw materials sector, which could adversely affect its operations[66] - The company is exposed to risks from raw material price fluctuations, particularly for copper, tin, nickel, and silver, which could impact operational costs[66] Corporate Governance - The company has established several specialized committees, including the audit committee, nomination committee, remuneration and assessment committee, and strategic committee[132] - The company is revising its management systems and internal regulations to enhance governance[128] - The company has implemented new management systems, including salary management and performance assessment guidelines[131] - The company is committed to enhancing its governance structure through regular meetings and adherence to regulatory guidelines[130][133] Environmental and Social Responsibility - The company emphasizes ESG initiatives, implementing a comprehensive environmental management system and adhering to national environmental protection laws[148] - The company invested ¥3.5251 million in environmental protection during the reporting period[152] - The company has established a photovoltaic power generation project with an annual output of 2 million kWh, equivalent to planting over 100,000 trees, contributing to energy conservation and emission reduction[167] - The company reduced carbon dioxide equivalent emissions by 700 tons through various carbon reduction measures, including the use of clean energy[171] Employee Relations - The total number of employees at the parent company and major subsidiaries is 553, with 303 in production, 45 in sales, and 72 in technical roles[138] - The company has established a mechanism for employee and shareholder benefit sharing, enhancing employee satisfaction and retention[150] - The company has implemented an employee stock ownership plan in 2019 to incentivize core technical personnel and other key employees[150] Future Outlook - The company aims to complete the construction of the Chongqing base by the end of June 2023 and the Thailand base by the end of September 2023, focusing on process equipment innovation and digital upgrades[106] - The company will leverage its overseas bases in the UK and Thailand to expand into Southeast Asia, Europe, and the Americas, improving its global strategic layout[105] - The company anticipates increased market opportunities in the non-ferrous metal powder materials sector due to technological and demand upgrades[45]