SUPCON Technology (SH:688777)2023-04-26 16:00Financial Performance - The company's operating revenue for 2022 was RMB 6,623,856,546.82, representing a 46.56% increase compared to 2021[20]. - Net profit attributable to shareholders for 2022 was RMB 797,929,183.55, a growth of 37.18% year-over-year[20]. - The net profit after deducting non-recurring gains and losses was RMB 683,015,627.34, reflecting a 51.97% increase from the previous year[21]. - The net cash flow from operating activities reached RMB 360,264,879.91, up 156.36% compared to 2021[21]. - Basic earnings per share for 2022 were RMB 1.61, a 36.44% increase from the previous year[22]. - The company achieved a weighted average return on equity of 16.44%, an increase of 2.65 percentage points from 2021[22]. - The company's financial performance indicators reflect a strong growth trajectory, with a focus on optimizing production costs and improving operational efficiency[15]. - The company reported a significant increase in cash collections due to business scale expansion, leading to improved cash flow[23]. - The net profit attributable to shareholders of the listed company, excluding share-based payment expenses, was CNY 895,883,380.24, representing a 40.80% increase compared to CNY 636,300,831.34 in 2021[29]. - The net profit attributable to shareholders of the listed company, excluding share-based payment expenses and non-recurring gains and losses, was CNY 780,969,824.03, reflecting a 54.93% increase from CNY 504,080,209.56 in the previous year[29]. Dividends and Share Capital - The company plans to distribute a cash dividend of 7.50 CNY per 10 shares, totaling approximately 406.11 million CNY, which represents 50.90% of the net profit attributable to shareholders for 2022[5]. - The company intends to increase its total share capital by 4.5 shares for every 10 shares held, resulting in an increase of approximately 243.67 million shares, raising the total share capital to approximately 785.15 million shares[5]. Research and Development - The company is focused on research and development of new technologies to maintain competitive advantage in the automation sector[12]. - R&D expenses accounted for 10.45% of operating revenue, a decrease of 0.54 percentage points from the previous year[22]. - R&D investment totaled ¥692.27 million, a 39.38% increase from the previous year, driven by increased personnel costs[96]. - The total number of patents applied for in the year was 412, with 193 granted, bringing the cumulative totals to 2,121 applications and 1,097 grants[95]. - The company is actively pursuing the development of a new generation digital twin platform for process industries, with an investment of ¥1.6 billion[99]. Market Expansion and Strategy - Future outlook includes expanding market presence and enhancing product offerings in industrial automation and control systems[12]. - The company aims to enhance its market expansion strategies through potential mergers and acquisitions in the automation industry[12]. - The company is focusing on enhancing its core technology capabilities and developing autonomous industrial automation products to align with national policy directions[61]. - The company aims to enhance its operational capabilities and customer service through the S2B industrial digital intelligent service platform, promoting supply chain finance and collective procurement[154]. - The company is expanding its international business by establishing its first 5S store in Saudi Arabia and promoting the PLANTMATE industrial companion and S2B platform overseas[162]. Corporate Governance - The board of directors has confirmed that all members attended the board meeting, ensuring the integrity of the annual report[6]. - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not indicated any special arrangements for corporate governance[7]. - The company has not faced any issues with a majority of directors being unable to ensure the authenticity and completeness of the annual report[7]. Innovations and Technology - The company reported significant innovations in distributed control systems (DCS) and safety instrumented systems (SIS) to enhance industrial automation[12]. - The introduction of the 5T technology integrates automation, information, process, operation, and equipment technologies to address major industrial challenges[13]. - The company achieved a significant increase in market share for its core products, with the Safety Instrumented System (SIS) and Manufacturing Execution System (MES) both reaching first place in market share for the first time[30]. - The company has developed a comprehensive manufacturing execution system (MES) for information management throughout the production process[12]. - The company has developed the T9100 compressor control system, which utilizes advanced algorithms for optimal performance and energy efficiency in large turbine compressor operations[37]. Risks and Challenges - The company has outlined various risks and countermeasures in its report, emphasizing the importance of risk awareness for investors[3]. - The company faced challenges in 2022 due to geopolitical tensions and global inflation, but managed to achieve high-speed development through strategic initiatives[30]. - The company is actively managing raw material cost pressures due to rising prices in the industrial sector[115]. - The company recognizes the competitive landscape in the automation market, with major international players like Honeywell and Siemens dominating high-end markets[152]. Customer and Market Insights - The company achieved a notable increase in user data and operational efficiency through the implementation of advanced software solutions[12]. - The company emphasized the importance of the "135 customer value innovation model" as a strategic core for its operations[30]. - The company reported a significant increase in orders year-on-year, particularly in traditional industries like petrochemicals and chemicals[121]. - Customer satisfaction ratings improved to 90%, reflecting a 5% increase from the previous year[181]. Future Outlook - The company provided a future outlook, projecting a revenue growth of 20% for the next fiscal year[180]. - The company plans to leverage AI and big data technologies to drive digital transformation in the process industry and expand into new markets and industries in 2023[32]. - The company aims to achieve 100% digital coverage of its main business processes through a comprehensive digital transformation initiative, enhancing operational efficiency[157]. - The company is committed to developing a comprehensive digital transformation strategy, leveraging big data and AI to create new business models for industrial clients[163].