UNI-T(SH:688628)2023-04-13 16:00Financial Performance - The proposed cash dividend for 2022 is CNY 3.80 per 10 shares, totaling CNY 41,961,120, which accounts for 35.74% of the net profit attributable to shareholders[5]. - The company has not reported any significant risks that could materially affect its operations during the reporting period[4]. - The company has not been profitable since its listing, indicating ongoing challenges in achieving profitability[4]. - The company achieved operating revenue of RMB 891.42 million in 2022, a year-on-year increase of 5.85%[21]. - The net profit attributable to shareholders reached RMB 117.41 million, reflecting a growth of 7.99% compared to the previous year[23]. - The basic earnings per share (EPS) for 2022 was RMB 1.06, up 4.95% from RMB 1.01 in 2021[21]. - The gross profit margin improved from 34.16% in 2021 to 36.15% in 2022[23]. - Operating cash flow for the year was RMB 93.52 million, a notable change from the previous year's cash flow[23]. - The company reported a net cash flow from operating activities of CNY 93.52 million, a significant recovery from a negative cash flow in the previous year[116]. - The total assets at the end of 2022 were RMB 1,217.65 million, a decrease of 1.85% from the previous year[21]. - The company reported a net cash flow from investment activities of -230.93 million RMB in 2022, indicating ongoing investments in projects[136]. - The total liabilities decreased by 45.94% to 897.02 million RMB, primarily due to reduced inventory purchases[140]. Research and Development - Research and development (R&D) expenses accounted for 8.02% of operating revenue, an increase of 0.97 percentage points from the previous year[21]. - The company’s R&D investment reached 71.52 million yuan, an increase of 20.51% year-on-year, accounting for 8.02% of total revenue, up by 0.97 percentage points from the previous year[30]. - The company submitted a total of 84 intellectual property applications during the reporting period, including 16 invention patents, 35 utility model patents, and 31 design patents[30]. - The company has accumulated 412 patents, including 57 invention patents, 161 utility model patents, and 194 design patents, showcasing its strong R&D capabilities[60]. - The company’s R&D investment has continuously improved its product structure and overall competitiveness in the market[61]. - The company has developed a high-resolution infrared thermal imager with features such as image mode switching, temperature measurement, and data communication, directly competing with leading domestic and international products[71]. - The company has achieved a breakthrough in the measurement technology for live insulation resistance, primarily used in photovoltaic and energy storage fields[69]. - The company is focusing on expanding its overseas market presence, which may be affected by political and economic changes in target regions[109]. Product Development and Innovation - The company launched several high-end products, including the UT195Ex and UT219Ex, which meet CAT III 1000V/CAT IV 600V safety standards and are suitable for industries with special requirements[34]. - The MSO7000X series mixed-signal oscilloscopes, with a bandwidth of 2.5GHz and a sampling rate of 10GSa/s, have entered mass production, with over 60 pre-orders received[37]. - The company completed the R&D of the UT5300 series safety testing instruments, achieving mass production goals[31]. - The company plans to launch new products in 2023, including photovoltaic clamp meters and maximum power testing instruments for photovoltaic modules[62]. - The company is set to introduce a series of high-resolution infrared thermal imaging instruments, including models with resolutions of 384x288 and 640x480[65]. - The company will release a series of mixed-signal oscilloscopes with bandwidths of 20GSa/s and 4GHz, as well as a 26.5G spectrum analyzer series in 2023[65]. - The company has developed portable measurement devices with advanced signal processing algorithms, improving usability and functionality[80]. - The company is committed to improving its gross margin by developing high-value-added products and phasing out low-margin products, thereby increasing the revenue share of mid-to-high-end products[156]. Market and Sales - The company expanded its global marketing network, with domestic revenue of 36,504.92 million yuan and overseas revenue of 51,601.60 million yuan in 2022[40]. - The company has established a mature sales channel, with its own brand sold in over 80 countries and regions, and nearly 200 overseas distributors[61]. - The company has expanded its sales channels to include e-commerce platforms like Tmall and JD, enhancing its market reach and consumer accessibility[54]. - The company is focused on expanding its market presence through the development of new products and technologies[81]. - The company plans to focus on expanding its e-commerce operations and enhancing product development in the upcoming year[121]. - The company is actively pursuing technological breakthroughs to achieve product high-endization and improve its risk resistance capabilities[151]. Governance and Compliance - The company’s board of directors has fully attended the board meetings, ensuring governance compliance[5]. - The company has implemented a comprehensive information management system to enhance operational efficiency and decision-making capabilities[105]. - The company is committed to maintaining transparency in its financial reporting and management practices[168]. - The company has a long-term employment strategy for core technical personnel, with several having been with the company since 2005[168]. - The company has a diverse management team with extensive experience in various sectors, enhancing its operational capabilities[168]. - The company maintains a strong governance structure with independent directors overseeing key decisions[168]. Employee and Talent Management - The company has a total of 231 R&D personnel, accounting for 21.92% of the total workforce, with an average salary of RMB 22.10 thousand[102]. - The company has a comprehensive training program for employees, aligning training needs with strategic business goals to enhance core competitiveness[190]. - The company has established a systematic approach to assess training needs annually across departments to support employee development[190]. - The total pre-tax remuneration for the chairman and general manager, Hong Shaojun, is CNY 2.56 million[165]. - The total pre-tax remuneration for the vice chairman and core technology manager, Hong Shaolin, is CNY 2.52 million[165]. Risks and Challenges - The company has faced risks related to new product development and the potential loss of core technical personnel, which could impact its competitive edge[109]. - The company is exposed to macroeconomic risks, including uncertainties from international political and economic environments, which could impact production and sales[112]. - The company faced financial risks due to potential exchange rate fluctuations, particularly with its overseas sales primarily settled in USD[110].