INVT(SZ:002334)2023-04-17 16:00Financial Performance - The company's operating revenue for 2022 was approximately ¥4.10 billion, representing a 36.16% increase compared to ¥3.01 billion in 2021[22]. - The net profit attributable to shareholders for 2022 was approximately ¥274.95 million, a 50.81% increase from ¥182.31 million in 2021[22]. - The net cash flow from operating activities for 2022 was approximately ¥236.39 million, up 64.97% from ¥143.29 million in 2021[22]. - The total assets at the end of 2022 were approximately ¥4.89 billion, a 40.72% increase from ¥3.47 billion at the end of 2021[23]. - The net assets attributable to shareholders at the end of 2022 were approximately ¥2.28 billion, a 19.23% increase from ¥1.92 billion at the end of 2021[23]. - The basic earnings per share for 2022 were ¥0.3649, a 50.79% increase from ¥0.2420 in 2021[22]. - The company achieved total revenue of 4.097 billion yuan, a year-on-year increase of 36.16%[44]. - Net profit attributable to shareholders reached 275 million yuan, up 50.81% year-on-year[44]. - The company's total revenue for 2022 reached ¥4,096,877,001.27, representing a year-on-year increase of 36.16% compared to ¥3,008,775,063.58 in 2021[62]. Business Segments - Industrial automation business generated revenue of 2.297 billion yuan, a growth of 11.82%, accounting for 56.06% of total revenue[44]. - Network energy business revenue was 729 million yuan, increasing by 28.84%, representing 17.80% of total revenue[44]. - New energy vehicle business saw revenue of 607 million yuan, a significant growth of 116.64%, making up 14.82% of total revenue[44]. - Solar energy storage business revenue reached 271 million yuan, a remarkable increase of 206.60%, contributing 6.61% to total revenue[44]. - The industrial automation segment generated ¥2,296,706,047.06, accounting for 56.06% of total revenue, with an 11.82% increase from the previous year[62]. - The photovoltaic energy storage segment saw significant growth, with revenue increasing by 206.60% to ¥270,752,487.77, up from ¥88,308,771.00 in 2021[62]. Research and Development - The company has been actively involved in research and development of new energy products, including photovoltaic inverters and dynamic reactive power compensators[23]. - The company has filed 171 patent applications during the reporting period, including 66 invention patents, 70 utility model patents, and 35 design patents[58]. - The company has established a strong R&D team, holding 1,103 valid patents, which includes 363 invention patents and 256 software copyrights[58]. - The company launched new energy products, including the XD3-20KW home energy storage system and the XG10-50KW PLUS commercial inverter, achieving sales growth of 80% and 85% respectively[78]. - The GD880 product project aims to develop a new generation transmission platform, with 80% progress and expected to output 3 invention patents[77]. - The GD270 product development project has achieved 100% progress and aims to significantly enhance the competitiveness of low-voltage inverter products[77]. Strategic Goals and Market Position - The company aims to become a global leader in industrial automation and energy power solutions, focusing on two main sectors: industrial automation and energy power[31]. - The company plans to enhance innovation capabilities and governance levels to improve overall efficiency[43]. - The company is focusing on strategic management and marketing to deepen solution development and improve customer satisfaction in the industrial automation sector[45]. - The company aims to optimize existing projects and clear inefficient assets as part of its investment strategy[43]. - The company anticipates an increase in market share due to technological advantages and solutions in the industrial automation industry[106]. - The energy sector is undergoing a transformation towards clean and sustainable energy, with a focus on distributed energy sources like wind and solar power[107]. Risk Factors - The company faces potential risks including macroeconomic and policy risks, market competition risks, talent loss risks, and fluctuations in raw material prices[5]. - The company acknowledges risks related to macroeconomic conditions and policies, which could impact product sales and revenue growth, and plans to adapt quickly to these changes[111]. - Market competition is intense, with foreign brands holding significant market share; the company aims to maintain its competitive edge through high cost-performance products and comprehensive industry solutions[112]. - Talent retention is critical, and the company is focused on enhancing its talent acquisition, training, and incentive mechanisms to mitigate the risk of talent loss[113]. - The company faces risks from fluctuations in raw material prices and shortages, particularly in electronic components; it is strengthening strategic partnerships with suppliers to ensure supply chain stability[114]. Corporate Governance and Investor Relations - The company held 3 shareholder meetings during the reporting period, ensuring equal treatment of all shareholders and facilitating online voting for minority shareholders[123]. - The board of directors convened 10 times, consisting of 9 members, with 3 independent directors, ensuring effective governance and decision-making[124]. - The company maintains independence from its controlling shareholder in business, personnel, assets, and finance, with no instances of resource occupation[132]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with investors[128]. - The investor relations activities included discussions on the company's performance and future strategies, highlighting its focus on growth and market expansion[116]. Employee and Management Compensation - The total number of employees at the end of the reporting period was 4,470, with 1,990 in the parent company and 2,480 in major subsidiaries[165]. - The company has established a performance-oriented compensation mechanism, focusing on talent introduction, training, and incentives, with a differentiated bonus extraction rule for business units in 2022[166]. - Total pre-tax remuneration for directors, supervisors, and senior management amounted to CNY 10.66 million in the reporting period[154]. - The highest remuneration was received by the Chairman, Huang Shenli, totaling CNY 1.69 million[155]. Financial Management and Investments - The company reported a significant increase in other income, which rose to CNY 89,456,765.94, primarily from government subsidies[84]. - The total investment during the reporting period was ¥513,314,858.09, a significant increase of 209.34% compared to ¥165,920,180.95 in the previous year[91]. - The company has ongoing investments in the Suzhou Phase II project, with a total investment of ¥379,629,708.67, of which ¥184,190,217.09 was invested during the reporting period[94]. - The company reported a loss of 2.067 million yuan from foreign exchange forward contracts during the reporting period[99]. - The company aims to mitigate risks from exchange rate fluctuations through foreign exchange derivatives trading, adhering to principles of locking in exchange rates and interest rate risks[99].