DEREN(SZ:002055)2023-04-26 16:00Financial Performance - The company's operating revenue for 2022 was ¥7,754,595,114.89, representing a 2.21% increase compared to ¥7,586,755,070.09 in 2021[22]. - The net profit attributable to shareholders of the listed company was -¥256,089,470.99, a 56.77% improvement from -¥592,443,627.65 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥312,164,185.75, showing a 49.72% reduction from -¥620,798,971.39 in 2021[22]. - The net cash flow from operating activities was ¥16,141,046.08, a significant decrease of 96.30% compared to ¥436,815,576.89 in the previous year[22]. - The basic earnings per share were -¥0.4236, improving by 66.31% from -¥1.2574 in 2021[22]. - Total assets at the end of 2022 were ¥9,355,367,829.92, a decrease of 6.15% from ¥9,968,795,071.57 at the end of 2021[22]. - The net assets attributable to shareholders of the listed company were ¥2,829,634,240.36, down 8.69% from ¥3,098,820,701.90 in the previous year[22]. - The weighted average return on net assets was -8.64%, an improvement of 26.73% from -35.37% in 2021[22]. - The company faces uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profit figures in recent years[22]. Revenue and Market Trends - The company's operating revenue for 2022 was approximately ¥7.75 billion, an increase of 2.2% from ¥7.59 billion in 2021[23]. - The total revenue for Q4 2022 reached approximately ¥2.12 billion, marking a significant increase compared to previous quarters[27]. - The global connector market size expanded to ¥84.1 billion in 2022, driven by demand from 5G data communication and automotive industries[34]. - China's connector market size exceeded $29 billion in 2022, reflecting a growth trend with an 8.03% increase from 2021[35]. - Global sales of new energy vehicles reached 10.07 million units in 2022, representing a year-on-year growth of 56.37%[37]. - China's new energy vehicle sales are projected to exceed 9 million units in 2023, continuing the rapid growth trend[43]. Government Support and Subsidies - The company received government subsidies amounting to approximately ¥50.33 million in 2022, related to research and development[29]. Production and Sales Performance - The company reported a production volume of 198,537,223 units for automotive electrical systems, a decrease of 22.51% compared to the previous year[48]. - Sales volume for automotive electronics and new energy vehicle business was 6,911,283 units, down 35.25% year-over-year[48]. - The company achieved a sales revenue of 1,275,446,016.34 CNY from automotive electronics and new energy vehicles, with a production capacity utilization rate of 65.47%[50]. - The automotive electronic systems production volume in domestic regions was 184,234,331 units, reflecting a decrease of 21.81% year-over-year[48]. - The revenue from the automotive electrical system segment was CNY 2,612.16 million, up 3.35% year-on-year, despite challenges from raw material price increases[59]. - The revenue from the household appliances and consumer electronics segment was CNY 2,745.55 million, down 8.13% year-on-year, indicating a decline in consumer demand[59]. Research and Development - The company plans to increase R&D investment in new energy vehicle and high-speed transmission connector businesses, emphasizing innovation and product diversification[52]. - Research and development expenses amounted to CNY 302,404,412.72, a decrease of 3.94% compared to CNY 314,820,120.07 in 2021[71]. - The number of R&D personnel increased by 13.11% to 975 in 2022, representing 10.06% of the total workforce[73]. - The company plans to enhance its focus on core technology capabilities and accelerate the development of new products and technologies in response to the growing demand in the automotive sector[55]. Strategic Initiatives and Market Expansion - The company aims to deepen strategic cooperation with both domestic and international major clients, expanding its customer base[51]. - The company has established long-term stable relationships with multiple key suppliers, ensuring a reliable supply chain for raw materials[45]. - The company focuses on direct sales to large end-users, enhancing customer satisfaction and establishing long-term stable customer channels[46]. - The company plans to enhance its digital marketing strategies to increase brand awareness and customer engagement, aiming for a 15% increase in online sales[131]. - The company is considering strategic acquisitions to enhance its product portfolio and market presence, with a budget of 300 million RMB allocated for potential M&A activities[131]. Governance and Compliance - The company has revised 31 internal management systems to enhance governance and compliance with legal regulations[115]. - The governance structure includes a board of directors with specialized committees to ensure effective oversight and decision-making[116]. - The company emphasizes equal rights for all shareholders, particularly minority shareholders, during shareholder meetings[115]. - The company actively monitors financial conditions and management performance through its supervisory board[116]. - The company adheres to the principles of fairness, justice, and openness in information disclosure, ensuring compliance with relevant regulations and timely reporting of operational status[117]. - The company has established a robust internal control system covering all key business processes, focusing on high-risk areas to ensure normal operations[120]. Employee and Stakeholder Relations - The company respects and protects the legitimate rights and interests of stakeholders, promoting balanced interests among shareholders, employees, customers, and suppliers[118]. - The company has established an employee care fund to enhance employee welfare and safety[166]. - Employee rights are protected in accordance with national labor laws, with initiatives for career development and health[166]. - The company implemented a performance-based salary system for management and technical personnel, ensuring competitive compensation to attract and retain talent[146]. Environmental and Social Responsibility - The company has achieved ISO14001 certification for its environmental management system, promoting green manufacturing and energy conservation[168]. - The company actively participates in social responsibility initiatives, including supporting local community efforts and establishing a public welfare foundation[168]. Risks and Challenges - The company faces management risks due to increased complexity in operations as it expands its international strategy, requiring enhanced decision-making and management capabilities[109]. - Rising labor costs and fluctuating raw material prices pose a risk to cost control, potentially impacting gross margins and overall performance[110]. - Currency exchange rate fluctuations may affect the company's performance as international sales increase, prompting the company to explore various strategies to mitigate this risk[110].