Haosen(SH:688529)2023-04-25 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,566,778,677.81, representing a 31.29% increase compared to ¥1,193,362,599.23 in 2021[19]. - The net profit attributable to shareholders for 2022 was ¥90,214,425.99, up 28.57% from ¥70,166,835.44 in the previous year[19]. - The net profit after deducting non-recurring gains and losses increased by 113.49% to ¥89,777,008.17, compared to ¥42,051,609.63 in 2021[19]. - The net cash flow from operating activities significantly improved to ¥64,776,044.33, compared to a negative cash flow of ¥133,558,585.43 in 2021[19]. - Total assets increased by 38.94% to ¥4,152,996,586.82 at the end of 2022, up from ¥2,989,083,301.65 at the end of 2021[19]. - The basic earnings per share for 2022 was ¥0.70, reflecting a 27.27% increase from ¥0.55 in 2021[20]. - The weighted average return on equity increased to 7.87%, up from 6.59% in 2021[20]. - The company's gross profit margin improved to 28.86%, an increase of 3.29 percentage points compared to the previous year[156]. Dividend and Share Capital - The company plans to distribute a cash dividend of 1.11 RMB per 10 shares, totaling approximately 14.208 million RMB, which represents 15.75% of the net profit attributable to shareholders for 2022[5]. - The total share capital of the company as of December 31, 2022, is 128 million shares[5]. - The company does not plan to increase capital reserves or issue bonus shares[5]. Corporate Governance and Compliance - 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 received a standard unqualified audit report from Lixin Accounting Firm[4]. - The company has confirmed that all board members are present at the board meeting[4]. - The company has not disclosed any special arrangements for corporate governance[7]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a substantive commitment to investors[6]. Research and Development - Research and development expenses accounted for 6.68% of operating revenue, slightly down from 6.93% in the previous year[21]. - The company achieved a total R&D investment of ¥104,648,437.38 in 2022, representing a 26.53% increase compared to ¥82,704,996.80 in the previous year[112]. - The company obtained a total of 147 authorized patents and 154 software copyrights by the end of 2022, with 43 patents and 22 software copyrights added during the year[109]. - The company has developed 19 core technologies related to intelligent production lines, including advanced technologies for flexible assembly units and MES information systems[105]. - The company has maintained a strong emphasis on R&D, with a focus on customer value and future development needs[109]. Market and Industry Trends - The demand for electrolyzer equipment is rapidly increasing, with significant growth in tenders starting in 2023, indicating a clear demand for large-scale automated production lines and equipment in the hydrogen energy sector[49]. - The domestic new energy vehicle market is rapidly growing, with BYD leading with a 27% market share, followed by SAIC and Tesla at 15.4% and 10.3% respectively, indicating a dynamic competitive landscape[88]. - The automotive industry is experiencing faster model iterations and increasing technological and consumer attributes, leading to a growing demand for new equipment[89]. - The global new energy installed capacity has exceeded 20%, expected to surpass 35% by 2027, driven by advancements in wind and solar power technologies and supportive policies[94]. Production and Manufacturing Capabilities - The company has developed a comprehensive lithium battery intelligent production line that covers various battery types and assembly technologies, positioning itself in the first tier of the industry[39]. - The company has established a comprehensive hydrogen fuel cell intelligent production line, including MEA/GDL production, bipolar plate production, and fuel cell stack production, enhancing production efficiency and product yield[47]. - The company has developed proprietary manufacturing software products and services, enhancing automation and digitalization in the manufacturing industry[54]. - The company has developed integrated software solutions for lifecycle management and production management, which are widely applied in various automotive production lines, enhancing operational efficiency[86]. Financial Risks and Concerns - Accounts receivable increased by 32.28% year-on-year, raising concerns about potential collection risks[144]. - The company faces risks related to the concentration of its customer base in the automotive industry, which could impact performance during industry downturns[143]. International Expansion - The company is expanding its international presence by establishing subsidiaries in Hong Kong, the USA, Germany, and India[149]. - The company is actively competing in international markets, having delivered powertrain projects in Uzbekistan and India, receiving high recognition from clients[78]. - The company has established overseas subsidiaries in the US, India, and Germany to expand its market presence and develop specific product lines[62].