Guosheng Intelligence(SH:688558)2023-04-12 16:00Financial Performance - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares, totaling approximately 66 million RMB, which represents 35.58% of the net profit attributable to shareholders for 2022[6]. - Operating revenue for 2022 was approximately ¥1.16 billion, representing a 2.32% increase compared to ¥1.14 billion in 2021[22]. - Net profit attributable to shareholders decreased by 7.48% to approximately ¥185.49 million from ¥200.49 million in 2021[22]. - Basic earnings per share for 2022 were ¥1.41, down 7.24% from ¥1.52 in 2021[23]. - Cash flow from operating activities decreased significantly by 71.36% to approximately ¥26.94 million, primarily due to increased raw material payments[24]. - The company's net assets attributable to shareholders rose by 8.53% to approximately ¥1.51 billion from ¥1.39 billion in 2021[22]. - The company reported a net profit of approximately ¥27.19 million from non-recurring gains in 2022, compared to ¥22.97 million in 2021[28]. - The company achieved operating revenue of 1.163 billion yuan, a year-on-year increase of 2.32%[39]. - The net profit attributable to shareholders was 185.49 million yuan, a decrease of 7.48% compared to the previous year[39]. - The total number of shares held by directors, supervisors, and senior management at the end of the reporting period was 83,107,895 shares, unchanged from the beginning of the year[159]. Audit and Governance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The company has confirmed that all board members attended the board meeting[5]. - The company has not reported any governance special arrangements or significant matters[9]. - The company has not experienced any instances where more than half of the directors could not guarantee the authenticity, accuracy, and completeness of the annual report[9]. - The company has not violated any decision-making procedures regarding external guarantees[9]. - The company has established specialized committees under the board, including the Audit Committee, Nomination Committee, Compensation and Assessment Committee, and Strategic Committee[175]. - The internal control audit report for 2022 received a standard unqualified opinion, indicating effective internal controls[199]. Research and Development - Research and development expenses as a percentage of operating revenue decreased to 4.42% from 5.09% in 2021[23]. - R&D investment amounted to 51.36 million yuan, accounting for 4.42% of operating revenue, a decrease of 0.67 percentage points year-on-year[39]. - The company obtained 37 new authorized patents during the reporting period, including 2 invention patents and 25 utility model patents[39]. - The company is currently working on 9 R&D projects, with total expected investment of ¥5,000 million, focusing on high-precision and high-efficiency machining centers[98]. - The company has applied for multiple new patents related to error compensation and detection methods, including a method for detecting pitch errors in CNC machine tools[76]. - The company has developed a cooling system to control thermal errors, maintaining vertical axis thermal elongation within 0.02mm during operation[78]. - The company has achieved significant advancements in intelligent monitoring and fault analysis through sensor integration and data modeling[93]. - The company has established several key research platforms and has been recognized as a high-tech enterprise, indicating a strong position in technology and product quality within the domestic market[73]. Market and Industry Trends - The CNC machine tool industry experienced a 5.6% decline in revenue, while total profit increased by 43.7%, indicating a shift towards higher-value products[64]. - The production of CNC metal cutting machine tools decreased by 22.7% in 2022, with a corresponding 5.1% drop in output value, reflecting a challenging market environment[64]. - The overall CNC machine tool market is expected to continue evolving towards larger, smarter, and more integrated products, driven by technological advancements and competitive pressures[61]. - The demand for mid-to-high-end machine tools is expected to increase, driven by the upgrading of downstream industries and the need for higher processing precision and stability[68]. - The company is focusing on expanding its market presence in high-end equipment manufacturing, particularly in aerospace and new energy sectors[49]. Operational Efficiency and Production - The company enhanced production capacity and efficiency through process improvements and automation upgrades, leading to reduced delivery cycles[38]. - The introduction of intelligent automated production lines has reduced labor costs significantly, with operations now requiring only one operator instead of ten[52]. - The company has developed flexible production units for engine cylinder blocks, utilizing intelligent visual recognition systems to enhance production efficiency[53]. - The company has made significant advancements in precision welding technology, reducing material waste and labor hours while maintaining product quality[85]. - The company has established a comprehensive quality control system and intellectual property management system based on ISO9001 certification and AEO advanced certification[108]. Risk Management - The company has outlined various risks in its operations, which are detailed in the report[4]. - The company faces risks related to technological upgrades and potential patent infringements, which could impact its competitive edge in the market[109][110]. - The company is exposed to risks from fluctuations in the prices of raw materials and purchased components, which could affect its operational performance[112]. - In 2023, the company aims to enhance risk management and sustainable development capabilities amidst a complex international landscape and potential opportunities in the Chinese economy[149]. Employee Management and Development - The total number of employees in the parent company and major subsidiaries is 902, with 472 in the parent company and 430 in subsidiaries[184]. - The employee composition includes 689 production personnel, 38 sales personnel, 51 technical personnel, 9 financial personnel, 44 administrative personnel, and 71 management personnel[184]. - The company has established a training program that includes various training methods and aims to enhance employee skills across multiple dimensions, including management and technical training[186]. - The training effectiveness is evaluated through surveys and performance assessments, ensuring that employee behavior changes post-training[187]. - The number of R&D personnel increased to 186, representing 20.62% of the total workforce, up from 18.38% in the previous year[103]. Shareholder and Management Structure - The total pre-tax remuneration for the reporting period for directors and senior management was 548.76 million yuan[160]. - The average pre-tax remuneration for the senior management team was approximately 54.88 million yuan per person[160]. - The company has a total of 15 directors and supervisors, with 11 being independent directors[161]. - The company plans to maintain its current management structure and remuneration strategy moving forward[160]. - The company appointed new independent directors and management personnel as part of the board restructuring, including the appointment of Wei Xiaohu as General Manager and Wei Hongyan as Vice General Manager and CFO[170].