NINGBO KANGQIANG(SZ:002119)2023-03-27 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,702,791,487.40, a decrease of 22.41% compared to ¥2,194,615,906.01 in 2021[26]. - Net profit attributable to shareholders was ¥101,975,839.33, down 43.73% from ¥181,236,420.71 in the previous year[26]. - Basic earnings per share decreased by 43.75% to ¥0.27 from ¥0.48 in 2021[26]. - Total assets at the end of 2022 were ¥1,907,174,359.61, a decline of 10.65% from ¥2,134,453,973.10 at the end of 2021[26]. - The company reported a significant drop in net profit after deducting non-recurring gains and losses, which was ¥85,285,455.49, down 49.07% from ¥167,470,658.29 in 2021[26]. - The company's total operating costs were CNY 1,430,302,14, down 19.49% from CNY 1,776,519,84 in 2021[60]. - The company achieved a total revenue of 1.703 billion yuan in 2022, with a net profit attributable to shareholders of 102 million yuan[49]. - The company reported a total revenue of 4,000 million for the fiscal year 2022, maintaining the same level as the previous year[110]. - The company achieved a net profit of 150 million RMB in 2022, which is an increase of 20% compared to the previous year[121]. Dividend Distribution - The company reported a profit distribution plan based on a base of 375,284,000, proposing a cash dividend of 0.3 yuan per 10 shares (including tax) and no bonus shares[5]. - The company's profit available for distribution to shareholders was 532,458,582.84 yuan, with the cash dividend representing 100% of the profit distribution total[138]. - The company has established a stable cash dividend policy, ensuring continuous and stable profit distribution while considering the opinions of shareholders, especially minority shareholders[137]. - The cash dividend distribution plan was executed in accordance with the company's articles of association and shareholder meeting resolutions[138]. - The company plans to distribute profits through cash dividends, stock dividends, or a combination of both, with a commitment to distribute at least 10% of the distributable profits annually from 2021 to 2023[162]. Market and Industry Trends - The company emphasizes the significant impact of the semiconductor industry's cyclical nature on its operational performance, closely monitoring market demand trends[4]. - The company experienced a decrease in semiconductor packaging material demand due to a slowdown in the smartphone and personal computer markets[37]. - New growth opportunities are emerging in sectors such as new energy vehicles, artificial intelligence, data centers, and photovoltaics[37]. - The global semiconductor industry is increasingly migrating to mainland China, supported by government policies aimed at enhancing innovation and competitiveness[38]. - The company aims to maintain a leading position in the domestic market by continuously investing in technology upgrades and production capabilities[95]. Research and Development - The company is actively engaged in new product and technology development to enhance its market position[4]. - The company has a total of 42 invention patents and 102 utility model patents, reflecting its strong R&D capabilities in semiconductor packaging materials[46]. - The total R&D investment for 2022 was CNY 73,565,742, which is a decrease of 8.44% from CNY 80,346,701 in 2021, while the R&D investment as a percentage of operating revenue increased to 4.32%[69]. - The company aims to enhance its R&D capabilities and knowledge protection, with plans to complete participation in national and local technology projects in 2023[96]. - The company is collaborating with industry partners to enhance the performance of Cu-Cr-X alloy materials for etched lead frames, aiming to meet international standards[67]. Risk Management - The company acknowledges the risk of talent shortages as it expands, committing to enhancing its human resources management system to attract and retain high-quality talent[5]. - The company is implementing risk mitigation strategies for raw material price volatility, including zero inventory for key materials and optimized supplier configurations[5]. - The company anticipates ongoing risks from market fluctuations, raw material price volatility, and talent shortages, and is implementing strategies to mitigate these risks[97]. - The company is closely monitoring political and economic factors that could affect market demand and product pricing[4]. Environmental and Social Responsibility - The company has achieved a water reuse rate of over 85%, significantly reducing its environmental impact and aligning with energy-saving and environmentally friendly development goals[152]. - The company has established an environmental management committee to ensure investment in environmental governance and protection, complying with relevant environmental tax requirements[150]. - The company donated 300,000 yuan annually to the "Kangqiang Charity Poverty Alleviation Fund" to support poverty alleviation and rural revitalization efforts[154]. - The company has implemented a strict "three simultaneous" system for environmental protection, ensuring that pollution prevention facilities operate normally and meet discharge standards[149]. Corporate Governance - The company emphasizes strict compliance with information disclosure regulations, ensuring timely and accurate communication with all shareholders[103]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[102]. - The company has a dedicated investor relations management department to facilitate communication with investors through various channels[103]. - The management team includes a diverse group of executives, with an average age of 47 years, and a mix of genders among key positions[110]. - The company is committed to improving corporate governance and transparency in its operations[125]. Financial Position - The total financial liabilities were recorded at 2,435,120,000, indicating a stable financial position[80]. - The company reported a net increase in cash and cash equivalents of CNY 77,006,957, reflecting a growth of 56.60% year-over-year[72]. - The company has established independent banking accounts for the listed company, ensuring compliance with tax obligations[158]. - The company has not engaged in any significant equity investments or speculative derivative investments during the reporting period[82][87]. Future Outlook - The company plans to focus on the power semiconductor market in 2023, increasing investment in power semiconductor lead frames as a key growth area[95]. - The financial outlook for 2023 includes a projected revenue growth of 5% compared to 2022[110]. - The company plans to expand its market presence and invest in new product development to enhance competitiveness in the electronics sector[113]. - The company has set a target to increase its market share by 10% over the next three years[110].