DSBJ(SZ:002384)2023-04-20 16:00Financial Performance - The company's operating revenue for 2022 was ¥31,580,146,732.58, a decrease of 0.67% compared to ¥31,793,147,908.12 in 2021[14]. - The net profit attributable to shareholders for 2022 was ¥2,367,519,530.91, representing a 27.12% increase from ¥1,862,481,138.84 in 2021[14]. - The net profit after deducting non-recurring gains and losses was ¥2,125,754,423.71, up 34.83% from ¥1,576,650,669.18 in 2021[14]. - The net cash flow from operating activities increased by 44.25% to ¥4,629,884,011.38 in 2022, compared to ¥3,209,544,484.21 in 2021[14]. - The company's total assets at the end of 2022 were ¥40,531,361,181.17, a 6.80% increase from ¥37,951,408,787.25 at the end of 2021[14]. - The net assets attributable to shareholders increased by 12.23% to ¥16,359,429,480.45 at the end of 2022, compared to ¥14,576,500,325.15 at the end of 2021[14]. - The company's asset-liability ratio stood at 59.52%, a decrease of 1.82% compared to the previous year[30]. - The company achieved an annual revenue of 31.58 billion yuan, a year-on-year decrease of 0.67%[30]. - The company reported a financial expense of CNY 199,633,104.49 in 2022, down from CNY 436,663,673.90 in 2021, a reduction of 54.30%[186]. Dividend and Profit Distribution - The company reported a profit distribution plan to distribute a cash dividend of 1.1 RMB (including tax) for every 10 shares based on a total of 1,702,865,009 shares (excluding treasury stock) [3]. - The company implemented a cash dividend policy, distributing a total of 237,306,007.16 CNY, which represents 100% of the total profit distribution[114]. - The cash dividend per 10 shares was set at 1.1 CNY, based on a total share base of 1,702,865,009 shares[114]. - The company has a three-year shareholder return plan from 2022 to 2024, ensuring a stable profit distribution policy[112]. Business Segments and Market Strategy - The company operates in three main business segments: electronic circuits, optoelectronic displays, and precision manufacturing, focusing on R&D, design, production, and sales [6]. - The company is committed to expanding its market presence and enhancing its product offerings in the LED and LCD module sectors [7]. - The company aims to leverage its integrated solutions in the electric vehicle sector, providing various products including PCBs and functional structural components[21]. - The company emphasized technological innovation, establishing a robust R&D system to support advancements in new materials and processes[26]. - The company is focused on expanding its market reach and enhancing product offerings through strategic leadership and experienced management[96]. Research and Development - The company has a strong focus on expanding its product offerings and enhancing its competitive edge in the market through continuous innovation[51]. - Research and development (R&D) expenditure amounted to CNY 940.09 million in 2022, a decrease of 8.60% from CNY 1.03 billion in 2021, with R&D spending as a percentage of revenue at 2.98%[54]. - The number of R&D personnel increased by 6.62% to 3,944 in 2022, with the proportion of R&D staff to total employees rising to 18.76%[53]. - The company completed multiple R&D projects aimed at enhancing product technology and market competitiveness, including the development of LCP multilayer soft boards and high-efficiency flexible board technologies[51]. - The company is currently developing new technologies such as buried resistor processes and laser groove technology to meet customer needs[51]. Environmental Compliance and Sustainability - The company strictly adhered to multiple environmental protection laws and standards during the reporting period, ensuring compliance with regulations[125]. - The company has implemented a comprehensive pollution control system for wastewater, waste gas, and solid waste, ensuring compliance with environmental standards[129]. - The total COD emissions from Suzhou Weixin were 83.374 tons, with a concentration of 94 mg/L, well below the limit of 500 mg/L[129]. - The company has established an environmental self-monitoring plan, with automatic monitoring devices installed to ensure compliance with regulations[130]. - Continuous investment in environmental governance and protection has been made, ensuring stable emissions of pollutants and contributing to sustainable development[132]. Governance and Management - The company maintains a clear separation from its controlling shareholders in terms of business, personnel, assets, institutions, and finances, ensuring independent operational capabilities[89]. - The company’s governance structure complies with relevant laws and regulations, ensuring effective checks and balances among the shareholders' meeting, board of directors, and supervisory board[88]. - The management team includes professionals with advanced degrees and extensive backgrounds in accounting, operations, and public relations, ensuring robust governance and operational efficiency[96]. - The company has established a strong presence in the electronic manufacturing sector, with key personnel involved in industry associations, enhancing its market influence[95]. - The company emphasizes collaboration and communication among its leadership to drive strategic initiatives and operational improvements[98]. Investment and Acquisitions - The company successfully acquired a backend vehicle display module assembly factory from JDI, entering the automotive display sector[32]. - The company invested approximately ¥3.15 billion during the reporting period, a significant increase of 274.51% compared to the previous year's investment of ¥841.52 million[64]. - The company has established new subsidiaries, including Suzhou Dongyue New Energy Technology Co., Ltd., to expand its business scope[43]. - The company invested a total of CNY 165 million in Suzhou Dongyue New Energy Technology Co., Ltd. on September 6, 2022, acquiring 100% equity[140]. - The company established DSBJ MEXICO, S.DER. L. DEC. V. with an investment of 3,000 Mexican Pesos on March 27, 2022, holding 100% equity[140]. Risk Management - The company faces risks related to customer concentration, with the top five customers accounting for a significant portion of revenue[85]. - The company is exposed to rapid technological upgrades in its industry, which could lead to product obsolescence if R&D does not keep pace[85]. - Environmental risks are present due to production processes that generate waste, and the company is committed to increasing its environmental investments[86]. - The company will monitor exchange rate fluctuations closely, as a significant portion of its revenue comes from foreign sales[86]. - The company has implemented measures to control risks associated with its derivative investments, focusing on hedging against market fluctuations[68]. Employee Management and Compensation - The company has developed a competitive compensation system to attract and retain talent, supporting rapid business growth[34]. - The total pre-tax remuneration for directors, supervisors, and senior management was CNY 2,362.95 million for the reporting period[100]. - The company follows a remuneration system based on performance evaluation and job responsibilities[100]. - The employee training program focuses on enhancing management and professional skills, aiming to build a strong talent pipeline[110]. - The employee stock ownership plan included 119 employees holding a total of 21,914,118 shares, representing 1.28% of the company's total shares[117].