FDM(002196)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was ¥2,330,642,037.68, representing a 23.26% increase compared to ¥1,890,768,200.01 in 2021[17]. - The net profit attributable to shareholders was -¥323,241,416.88, a significant decrease of 1,383.87% from a profit of ¥25,177,034.90 in the previous year[17]. - The cash flow from operating activities showed a drastic decline, with a net amount of ¥2,084,774.05, down 98.53% from ¥142,159,450.35 in 2021[17]. - The total assets at the end of 2022 were ¥3,808,147,124.55, which is a 19.00% increase from ¥3,200,013,234.40 at the end of 2021[17]. - The company's basic earnings per share for 2022 was -¥0.65, compared to ¥0.05 in 2021, marking a 1,400.00% decrease[17]. - The weighted average return on equity was -24.24% in 2022, down from 1.70% in 2021, indicating a significant decline in profitability[17]. - The net profit after deducting non-recurring gains and losses was -¥337,789,731.64, a 133.40% increase in losses compared to -¥144,725,599.44 in 2021[17]. - The company reported a quarterly revenue of ¥645,994,707.00 in Q4 2022, with a net loss attributable to shareholders of -¥313,311,972.95 for the same quarter[21]. - The company's net assets attributable to shareholders decreased by 16.87% to ¥1,242,873,841.85 at the end of 2022 from ¥1,495,086,768.72 at the end of 2021[17]. - The total operating income for 2022 was 14,548,314.76 CNY, a decrease of 91.4% from 169,902,634.34 CNY in 2021[24]. New Energy Vehicle Sector - In 2022, the company's non-current asset disposal loss amounted to -1,166,908.50 CNY, compared to a gain of 112,095,817.30 CNY in 2021, indicating a significant decline in asset management performance[23]. - In the new energy vehicle sector, the company noted that in 2022, production and sales reached 705.8 million and 688.7 million units, respectively, representing year-on-year growth of 96.9% and 93.4%[31]. - The market share of new energy vehicles in China reached 25.6% in 2022, an increase of 12.1 percentage points from the previous year[31]. - The company is focusing on the development of electric drive systems, with significant advancements in core technologies for electric motors, batteries, and electronic controls[32]. - The company anticipates that permanent magnet synchronous motors will dominate the pure electric vehicle market in the coming years, while the use of asynchronous motors will gradually decline[32]. - The penetration rate of flat wire motors in China's new energy vehicle market increased from 10% in 2020 to 25% in 2021, with expectations to reach 90% by 2025, resulting in a domestic demand of approximately 7.5 million units[35]. - The installed capacity of electric motors for new energy vehicles grew 5.15 times from 141.5 thousand units in 2020 to 870.4 thousand units in 2022[36]. - The company has established partnerships with major domestic automakers, including SAIC-GM-Wuling, Geely, and XPeng Motors, and has maintained its position as the leading independent supplier of new energy drive motors for three consecutive years[43]. Research and Development - The company continues to focus on R&D in high-voltage integrated drive systems, with a commitment to achieving international leading standards in new energy motor technologies[44]. - The company has authorized 37 patents in 2022, including 2 invention patents, supporting its business development through innovation[49]. - R&D expenses increased by 19.75% to CNY 194,458,988, primarily due to higher personnel costs[65]. - R&D investment reached ¥216.90 million in 2022, a 33.57% increase from ¥162.38 million in 2021, representing 9.31% of operating revenue[67]. - The company is focusing on new technologies in high-voltage motors and continues to invest in R&D to meet customer demands[67]. Governance and Management - The company has a robust independent financial management system, with its own accounting practices and decision-making processes[96]. - The company has held 5 shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements[91]. - The board of directors convened 10 meetings, with all members fulfilling their responsibilities diligently and independently[92]. - The company is focused on maintaining strong governance with independent directors in key positions[99]. - The management team is set to serve until 2026, ensuring continuity in leadership[99]. - The company has a diverse management team with backgrounds in engineering, finance, and public administration[103][104]. - The company has implemented stock incentive plans for its executives, with specific allocations detailed in the report[101]. - The company has established a performance-based assessment system for senior management, linking their compensation to the economic benefits and results of their respective business areas[130]. Environmental Responsibility - The company is classified as a key pollutant discharge unit, adhering to various environmental protection laws and standards[139]. - The company reported a total environmental protection tax payment of CNY 27,928.63 for the year, with quarterly payments of CNY 9,090.92, CNY 9,035.38, CNY 5,130.29, and CNY 4,672.04 respectively[144]. - The company achieved a total emission of 3,786,000 m³ for hydrogen chloride and 2,138,000 m³ for particulate matter, both within the limits set by the GB16297-1996 standard[141]. - The company implemented a low-temperature plasma purification process for welding exhaust gases, ensuring compliance with environmental standards[142]. - The company has committed to social responsibility by pursuing harmonious development with employees, society, and nature[145]. Shareholder Engagement - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, ensuring their participation in significant decisions[146]. - The company has a commitment to distribute at least 10% of the annual distributable profits as cash dividends, with a cumulative distribution of no less than 30% of the average distributable profits over three years[151]. - The company is currently fulfilling its commitment to a share transfer agreement involving 15 million shares, with a restriction period of 18 months following the completion of the transfer[150]. - The company has a total of 33,038 shareholders at the end of the reporting period[185]. - The largest shareholder, Excellence Automotive Co., Ltd., holds 8.02% of the shares, totaling 40,000,000 shares, with 16,300,000 shares pledged[186]. Internal Control and Compliance - The company has implemented a comprehensive internal control system covering various areas, ensuring effective execution and compliance with regulations[131]. - The internal control self-assessment report indicates that 100% of the total assets and total revenue of the evaluated units are included in the company's consolidated financial statements[134]. - The company reported zero significant defects in both financial and non-financial reports, indicating effective internal controls[135]. - The internal control audit report issued a standard unqualified opinion, confirming the effectiveness of internal controls as of December 31, 2022[136]. - The company has established a sales policy with clear pricing principles and collection methods, with a strong emphasis on receivables management[135].