Hymson(SH:688559)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 reached CNY 4,105,415,522.44, representing a year-on-year increase of 106.89%[19]. - The net profit attributable to shareholders for 2022 was CNY 380,401,367.98, an increase of 248.45% compared to the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 292,644,774.99, reflecting a growth of 305.31% year-on-year[21]. - The total assets of the company at the end of 2022 amounted to CNY 8,869,490,705.37, a 58.62% increase from the beginning of the year[22]. - The net assets attributable to shareholders reached CNY 2,040,070,445.42, which is a 32.66% increase compared to the previous year[22]. - Basic earnings per share for 2022 were CNY 1.90, up 245.45% from CNY 0.55 in 2021[20]. - The company reported a total revenue of 1.5 billion RMB for the year 2022, representing a year-on-year increase of 20%[188]. - The company achieved a total revenue of 28,450,923.13 million for the year, reflecting a significant increase compared to previous periods[92]. Research and Development - The company's R&D expenditure accounted for 10.11% of operating revenue, an increase of 2.15 percentage points from the previous year[20]. - Research and development expenses for 2022 amounted to CNY 415.19 million, an increase of 162.91% compared to 2021[33]. - Total R&D investment reached approximately ¥415.19 million in 2022, a significant increase of 162.91% compared to ¥157.92 million in the previous year[84]. - The number of R&D personnel increased by 179.45% year-on-year, contributing to higher employee compensation costs[85]. - The company has filed multiple patents for its innovative technologies, indicating a strong commitment to R&D and technological advancement[77]. - The company has a total of 930 patent applications, with 564 patents granted cumulatively[83]. - The company has developed innovative technologies, including high-speed laser welding and automated production systems, enhancing its competitive edge in the market[82]. Market Expansion and Customer Base - The company signed new orders worth approximately CNY 7.7 billion in 2022, a year-on-year growth of about 35%[32]. - As of December 31, 2022, the backlog of orders was approximately CNY 8.1 billion, representing a 59% increase year-on-year[32]. - The company has established strong partnerships with major battery manufacturers, including CATL and Tesla, enhancing its position in the power battery equipment sector[64]. - The company is actively pursuing market expansion opportunities through technological innovation and improved production capabilities[77]. - The company is focusing on expanding its market presence in the photovoltaic sector, with products designed for various battery types and component production processes[46]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share within the next two years[180]. - The company has accumulated a diverse client base, including industry leaders such as Tesla and CATL, enhancing its market position[103]. Governance and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[5]. - The company’s board of directors and supervisory board members have all attended the board meeting, ensuring governance compliance[5]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in its annual report[7]. - The company has established a strategic committee, audit committee, nomination committee, and compensation and performance assessment committee to enhance governance and decision-making[171]. - The company strictly adheres to the regulations of the Company Law and Securities Law of the People's Republic of China, ensuring compliance in governance practices[171]. - The company has not encountered any significant issues regarding independence from its controlling shareholders or related party transactions[172]. Operational Efficiency and Technology - The company is focusing on developing new technologies such as multi-physical field digital simulation and fluid dust removal technology to enhance production efficiency and energy savings[93]. - The company has developed a high-speed electrode transfer technology, achieving a transfer speed of 0.75 seconds per piece with a rotation radius of 0.6 meters[80]. - The new technology allows for the direct welding of ear tabs to the top cover, eliminating the need for traditional connecting pieces[79]. - The company has introduced several advanced automation technologies in 2022, including high-speed assembly control technology and high-speed welding technology, enhancing production efficiency by 50% and reducing costs by 30%[77]. - The company is committed to optimizing its laser technologies to enhance the quality of femtosecond pulse outputs and reduce sensitivity to temperature and vibration[75]. - The company is focusing on integrating AI and big data analysis to enhance product stability and shorten R&D cycles[91]. - The company aims to improve operational efficiency through technological advancements and process optimization[179]. Financial Position and Investments - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares (including tax), totaling RMB 40,345,300 based on a total share capital of 201,726,500 shares as of December 31, 2022[5]. - The company reported a net cash flow from operating activities of CNY 488,533,656.43, a slight increase of 0.33% compared to the previous year[19]. - The company has invested significantly in R&D to maintain its competitive edge in the laser and automation equipment industry, which is crucial for meeting market demands[108]. - The company has established a strategic management and internal control system to support its development goals[105]. - The company plans to use raised funds to increase capital for its wholly-owned subsidiary to implement fundraising projects, as approved in the board meeting on February 1, 2022[186]. - The company has a total of 60,730 training sessions conducted for employees, aimed at enhancing their skills and professional knowledge[200]. Risks and Challenges - The company has detailed various risks in its operations and has outlined corresponding mitigation strategies in the report[4]. - The company faces risks related to macroeconomic fluctuations that could impact demand for laser and automation equipment in downstream industries[108]. - The company has identified risks associated with potential overcapacity in the power battery sector, which could affect future profitability[112]. - The company is exposed to international trade risks and currency fluctuations that could adversely affect its operations and financial performance[114]. - The company is focused on diversifying its customer base and market structure to mitigate risks associated with high customer concentration[109].