JXPCB(SH:688655)2023-04-20 16:00Financial Performance - The net profit attributable to shareholders for 2022 was CNY 46,346,051.50, with a proposed cash dividend of CNY 0.75 per 10 shares, totaling CNY 10,004,250.00, which represents 21.59% of the net profit[6]. - The company's operating revenue for 2022 was CNY 444,659,814.31, a decrease of 21.17% compared to CNY 564,067,210.66 in 2021[22]. - The net profit attributable to shareholders for 2022 was CNY 46,346,051.50, down 27.67% from CNY 64,075,348.41 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 34,024,380.89, a decline of 41.42% compared to CNY 58,077,389.73 in 2021[22]. - The net cash flow from operating activities for 2022 was CNY 82,234,364.20, a slight decrease of 3.65% from CNY 85,349,442.37 in 2021[22]. - The total assets at the end of 2022 were CNY 1,046,092,024.66, an increase of 22.97% from CNY 850,691,150.99 at the end of 2021[22]. - The net assets attributable to shareholders at the end of 2022 were CNY 684,536,656.87, reflecting a growth of 5.61% from CNY 648,195,873.34 in 2021[22]. - The company's basic earnings per share decreased by 32.69% to CNY 0.35 in 2022, down from CNY 0.52 in 2021[23]. - The weighted average return on equity fell to 6.96% in 2022, down 4.70 percentage points from 11.66% in 2021[23]. - The gross margin for the main business decreased by 3.29 percentage points to 20.76% due to intensified competition and reduced demand from downstream customers[91]. Research and Development - The company reported a significant increase in R&D expenditure as a percentage of revenue, rising to 6.66% in 2022 from 6.58% in 2021[23]. - The company has increased its R&D investment, resulting in the acquisition of 7 invention patents and 23 utility model patents during the reporting period[35]. - The total R&D investment for the year was ¥29,607,647.04, a decrease of 20.17% compared to the previous year's ¥37,087,970.54[61]. - The proportion of total R&D investment to operating income increased slightly to 6.66%, up by 0.08 percentage points from 6.58% in the previous year[61]. - The company has established partnerships with research institutions to enhance its R&D capabilities and address key industry technologies[59]. - The company is currently working on several R&D projects, including a high-precision copper plate project with an expected total investment of ¥2,760,000, of which ¥2,540,000 has been invested to date[65]. Market and Industry Trends - The PCB industry is experiencing growth driven by the booming demand in downstream applications, particularly in consumer electronics and automotive electronics[114]. - The automotive PCB market is projected to grow at a CAGR of 5.30%, reaching USD 12.48 billion by 2028, driven by the increasing electronic content in vehicles[115]. - The penetration rate of intelligent cockpit technology is expected to rise significantly, with forecasts indicating a growth from 35% in 2019 to 76% by 2025 in China[115]. - The global market for servers and data center communication equipment PCB is projected to reach $132.94 billion and $79.01 billion by 2026, with compound annual growth rates of 9.4% and 4.2% respectively from 2022 to 2026[117]. Corporate Governance - The company has established a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and management team to ensure effective decision-making and compliance[176]. - The company has implemented various governance rules to enhance operational standards, including rules for shareholders' meetings and board meetings[129]. - The company held a total of 3 shareholder meetings during the reporting period, including 1 annual meeting and 2 extraordinary meetings, with all resolutions passed without any rejections[133]. - The company’s board of directors has approved the remuneration plan for directors and senior management for the year 2022[155]. Environmental Management - The company emphasizes ESG management, integrating it into daily operations and promoting sustainable development[175]. - The company has established a comprehensive environmental management system to handle wastewater, waste gas, and solid waste[181]. - The company is committed to complying with environmental standards, including GB 21900-2008 for pollutant emissions[180]. - The company has implemented third-party disposal for hazardous waste, ensuring no external discharge[181]. - The company has successfully integrated new technologies to enhance product quality and reduce overall energy consumption[193]. Operational Efficiency - The company aims to enhance product competitiveness through automation and digitalization, reducing production costs while improving process efficiency[125]. - The company can deliver double-sided boards within 24 hours and multilayer boards within 36 hours, showcasing its rapid response capability to customer demands[76]. - The company has implemented cost control strategies, including automation and lean production management, to improve product competitiveness and operational efficiency[37]. Strategic Initiatives - The company is actively working on the "Internet + Smart Factory" project, with the first phase of construction starting in April 2022 and reaching completion in January 2023[33]. - The company aims to enhance its core competitiveness by focusing on delivery times, quality, and cost management amid increasing industry competition[31]. - The company is focusing on expanding its market presence in the renewable energy sector, particularly in wind and solar power applications[67].