ECEC(SZ:002199)2023-04-21 16:00Financial Performance - Zhejiang Dongjing Electronics reported a revenue of RMB 1.2 billion for the year 2022, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders for 2022 was RMB 150 million, reflecting a growth of 20% year-on-year[15]. - The company's operating revenue for 2022 was ¥180,825,940.27, a decrease of 40.60% compared to ¥304,399,339.47 in 2021[22]. - The net profit attributable to shareholders for 2022 was -¥69,108,445.27, representing a decline of 323.37% from ¥30,938,509.02 in 2021[22]. - The company reported a total revenue of CNY 180.83 million, a decrease of 40.60% compared to the same period last year[56]. - The net profit attributable to shareholders was CNY -69.11 million, a decline of 323.37% year-on-year[56]. - The company reported a significant loss from inventory write-downs of ¥47,473,957.96, representing 68.49% of total profit[73]. - The company reported a net profit of -41,940,381 yuan for the year, indicating a significant loss[84]. Assets and Liabilities - The total assets of Zhejiang Dongjing Electronics reached RMB 3.5 billion by the end of 2022, an increase of 10% compared to the previous year[15]. - Total assets at the end of 2022 were ¥551,938,924.22, a reduction of 17.64% from ¥670,116,382.10 at the end of 2021[22]. - The net assets attributable to shareholders were CNY 366.35 million, down 15.87% compared to the same period last year[56]. - The company's cash and cash equivalents decreased by 330.25% to -¥113,497,146.92 in 2022 from ¥49,293,107.37 in 2021[71]. Research and Development - The company plans to invest RMB 200 million in new product development and technology research in 2023[15]. - The company has invested significantly in R&D and innovation, holding dozens of core intellectual property rights, and aims to become a global leader in quartz crystal supply[42]. - The company’s research and development expenses were CNY 15.51 million, a decrease of 19.40% compared to the previous year[65]. - R&D investment decreased by 19.40% to ¥15,510,604.43 in 2022 from ¥19,243,757.19 in 2021, with R&D expenditure accounting for 8.58% of operating revenue[67]. Market Strategy and Expansion - Zhejiang Dongjing Electronics aims to expand its market presence in Southeast Asia, targeting a 30% increase in sales from this region in 2023[15]. - The company plans to improve production efficiency and information management through automation and digitalization[86]. - The company aims to enhance market share by focusing on high-end customers in emerging fields such as automotive electronics, 5G communication, and IoT[85]. - The company is exploring new business opportunities beyond quartz crystal components to create additional profit growth points[87]. Governance and Management - The company maintained an independent governance structure, ensuring no major discrepancies with legal regulations[93]. - The board of directors consists of eight members, including four independent directors, complying with legal requirements[93]. - The company has established a complete and independent financial management system, ensuring no shared bank accounts with major shareholders[97]. - The company has a clear and transparent cash dividend policy that aligns with its articles of association and shareholder resolutions[127]. Risks and Challenges - The company has identified potential risks including market volatility and supply chain disruptions, with strategies in place to mitigate these risks[4]. - The company acknowledges market risks due to reliance on quartz crystal components, which could be affected by economic downturns and competition[88]. - The company faces exchange rate risks as a significant portion of revenue comes from foreign sales, primarily settled in USD[88]. - The company has faced challenges due to macroeconomic factors, including geopolitical tensions and global inflation, impacting consumer purchasing power and overall demand[33]. Corporate Social Responsibility - The company actively engages in social responsibility initiatives, contributing to community welfare while ensuring harmonious development with society[137]. - The company adheres to labor laws and regulations, providing comprehensive social security benefits to employees, including medical and pension insurance[137]. Shareholder Information - The total number of shares is 243,442,363, with 100% being unrestricted shares[177]. - The largest shareholder, Li Qingyue, holds 12.81% of the shares, with a total of 31,180,360 shares, having increased his holdings by 5,330,400 shares during the reporting period[180]. - The company does not have a controlling shareholder, as no single entity holds more than 50% of the shares[181]. - The company has not engaged in any repurchase transactions during the reporting period[180].