ZMD(SH:688636)2023-04-24 16:00Financial Performance - The company's operating revenue for 2022 was CNY 540.87 million, representing a year-on-year increase of 20.35% compared to CNY 449.42 million in 2021[24]. - The net profit attributable to shareholders decreased by 32.40% to CNY 75.38 million from CNY 111.51 million in the previous year[24]. - The net cash flow from operating activities dropped significantly by 257.55%, resulting in a net outflow of CNY 106.25 million[27]. - The total assets increased by 15.89% to CNY 1.51 billion, up from CNY 1.30 billion in 2021[24]. - The net assets attributable to shareholders grew by 10.81% to CNY 982.42 million, compared to CNY 886.60 million at the end of 2021[24]. - Basic earnings per share decreased by 38.16% to CNY 0.5024 from CNY 2.4293 in 2021[25]. - The company's main business revenue increased by 20.05% year-on-year, with embedded products revenue growing by 93.51% and airborne products revenue increasing by 5.69%[105]. - The gross profit margin for embedded products was 51.95%, showing a decrease of 9.13 percentage points compared to the previous year[105]. - Operating costs rose to ¥259,910,304.85, an increase of 48.57%, which outpaced revenue growth due to changes in sales structure and rising raw material prices[102]. - The company reported a total revenue of 12,176.09 million RMB for the year, with a net profit of 6,262.07 million RMB, indicating a strong financial performance[74]. Research and Development - The company's R&D expenditure accounted for 21.10% of operating revenue, slightly up from 21.06% in the previous year[26]. - The company secured 205 new R&D projects, representing a 23% increase year-on-year[42]. - The company increased its R&D personnel by 63, continuously investing in R&D to enhance technical capabilities[45]. - The company achieved a total R&D expenditure of ¥114,126,542.87, representing a 20.59% increase compared to the previous year[70]. - R&D expenses accounted for 21.10% of total revenue, showing a slight increase of 0.04 percentage points year-over-year[70]. - The company has developed core technologies in embedded computing, achieving advancements in high-performance caching and reliability, which are critical for military applications[62]. - The R&D team has expertise in multiple fields, including hardware, software, and FPGA, with most members having over ten years of experience in their respective areas[77]. - The company is committed to achieving national production standards and low power consumption in its new product developments[74]. Market and Product Development - The company plans to continue expanding its market presence and increasing order volumes to drive future growth[27]. - The company aims to deepen its focus on military embedded computers and has successfully entered the satellite embedded computer market, expanding into drone and low-cost precision-guided weapon sectors[133]. - The company is developing various products, including high-performance, low-power, domestically produced graphics processing computers for military applications[74]. - The marketing team will focus on expanding into airborne and missile-borne projects, as well as satellite and drone markets, to leverage growth opportunities[135]. - The company is actively pursuing strategic partnerships to leverage synergies and drive innovation in its product lines[145]. Governance and Compliance - The board of directors and supervisory board members have confirmed the accuracy and completeness of the annual report[5]. - The company has not violated any decision-making procedures regarding external guarantees[8]. - The company has established a comprehensive internal control management system to enhance operational governance and compliance with legal requirements[139]. - The company has established a cash dividend policy in accordance with regulatory requirements, ensuring clarity in distribution standards and decision-making processes[177]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[198]. Risks and Challenges - The company has not reported any significant risks that could materially affect its operations during the reporting period[4]. - The company outlined potential risks associated with forward-looking statements in the report[6]. - The company faces risks related to core material procurement, as the stability and reliability of components are critical for military products, which could impact production and operational performance if not managed properly[89]. - The company faces risks related to fluctuations in orders, which can lead to revenue volatility due to the long execution cycles of large military contracts[94]. - The company has a significant amount of accounts receivable, which poses turnover and collection risks, especially if major clients face operational difficulties[95]. Employee and Talent Management - The company has a competitive salary incentive system that includes fixed salaries, business bonuses, year-end performance bonuses, and stock incentives for management and key technical staff[171]. - The number of R&D personnel increased to 356, representing 58.5% of the total workforce, up from 56.9% in the previous year[76]. - The company conducted internal and external training programs to enhance employee skills and professional capabilities, aligning with long-term development goals[173]. - The company is committed to improving its human resources management and talent development, including partnerships with universities to attract potential graduates[137]. Environmental and Social Responsibility - The company invested 438,700 RMB in environmental protection during the reporting period[197]. - The company emphasizes ESG as equally important as its core business operations, integrating it into the corporate culture for sustainable development[195]. - The company implemented production process upgrades to reduce waste liquid and gas emissions, enhancing resource utilization and product yield[196]. - The company has established mechanisms for environmental protection and has a management system for hazardous waste[200].