TPC(SZ:002134)2023-03-17 16:00Financial Performance - The company's operating revenue for 2022 was ¥580,724,657.09, a decrease of 17.05% compared to ¥700,074,941.20 in 2021[19]. - The net profit attributable to shareholders for 2022 was ¥16,058,910.38, down 40.71% from ¥27,086,107.53 in the previous year[19]. - The net profit after deducting non-recurring gains and losses increased by 44.77% to ¥34,536,848.31 in 2022, compared to ¥23,855,739.81 in 2021[19]. - The net cash flow from operating activities decreased by 76.67% to ¥22,503,905.53 in 2022, down from ¥96,462,878.22 in 2021[19]. - The total assets at the end of 2022 were ¥760,157,689.13, a decrease of 3.52% from ¥787,910,956.49 at the end of 2021[19]. - The net assets attributable to shareholders increased by 3.79% to ¥442,189,028.29 at the end of 2022, compared to ¥426,036,552.04 at the end of 2021[19]. - The basic earnings per share for 2022 were ¥0.07, a decrease of 36.36% from ¥0.11 in 2021[19]. - The weighted average return on equity for 2022 was 3.70%, down from 6.58% in 2021[19]. Cash Flow and Investments - Operating cash inflow decreased by 4.76% to ¥609.75 million, while cash outflow increased by 8.00% to ¥587.24 million, resulting in a net cash flow from operating activities of ¥22.50 million, down 76.67% year-over-year[53]. - Investment cash inflow rose by 10.92% to ¥3.92 million, but cash outflow surged by 214.31% to ¥100.15 million, leading to a net cash flow from investing activities of -¥96.23 million, a decline of 239.71%[53]. - Financing activities generated a net cash flow of ¥15.21 million, a significant turnaround from -¥25.29 million in the previous year, marking a 160.14% increase[53]. - The net increase in cash and cash equivalents was -¥53.92 million, a decrease of 228.40% compared to the previous year[53]. Market and Industry Trends - The global PCB market showed a slight increase of 1% in 2022, with significant regional and application differences, while the market is expected to decline by 4% in 2023[30]. - The packaging substrate market grew approximately 23%, driven by FCBGA and other products, while the multi-layer board market decreased by about 4%[29]. - The PCB industry is expected to grow from $56.44 billion in 2022 to $67.90 billion by 2027, despite short-term fluctuations[31]. Research and Development - The company focuses on R&D, production, and sales of PCBs, with a product range that includes single-sided, double-sided, multi-layer, and HDI boards[33]. - The company’s R&D expenses amounted to CNY 18.01 million, a decrease of 18.48% from the previous year, representing 3.10% of total revenue[51]. - Research and development expenses increased by 30% to 300 million RMB, emphasizing innovation in circuit technology[93]. Governance and Management - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finance, with no incidents of asset occupation or interference in decision-making by the controlling shareholder[78]. - The board of directors operates legally and effectively, with all directors fulfilling their duties diligently and independently, supported by four specialized committees[79]. - The company has established a fair and transparent performance evaluation and incentive mechanism to enhance management efficiency[79]. - The company actively communicates with stakeholders, respecting their rights and promoting balanced interests among shareholders, employees, and society[79]. Environmental Compliance - The company has established a new intelligent and environmentally friendly wastewater treatment system, exceeding industry averages[70]. - The company reported no major environmental pollution issues and consistently meets discharge standards for wastewater[130]. - The company has implemented measures to strengthen investor protection and management in response to regulatory requirements[125]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,389, an increase from 16,562 at the end of the previous month[179]. - TCL Technology Group holds 26.86% of the shares, amounting to 66,026,154 shares, with no changes during the reporting period[179]. - The company’s shareholder structure remains stable, with no changes in the controlling shareholder during the reporting period[181]. Future Outlook - In 2023, the company aims to strengthen its competitive edge in the industrial control and automotive sectors, emphasizing "multi-variety, small batch, high reliability" production[71]. - The company provided a forward guidance of 10% revenue growth for the next fiscal year, projecting revenues to reach approximately 2.75 billion RMB[93]. - New product launches are expected to contribute an additional 500 million RMB in revenue, with a focus on smart technology solutions[93].