JHCC(SZ:002484)2023-03-29 16:00Financial Performance - In 2022, the company achieved a revenue of 4,521,680,374.62 CNY, with a net profit attributable to shareholders of 661,241,022.68 CNY, marking a year-on-year increase of 15.23%[22]. - In 2022, the company's operating income reached ¥4,213,805,903.67, representing a year-on-year increase of 27.26%[51]. - The total cost of goods sold for 2022 was ¥3,077,762,147.98, with a gross margin of 26.96%, an increase of 0.64% compared to the previous year[51]. - The net cash flow from operating activities increased by 34.22% to ¥417,175,500.33, attributed to increased market business volume[47]. - The company reported a total revenue of 1.2 billion RMB for the year 2022, representing a year-on-year increase of 15%[151]. - The net profit attributable to shareholders was 150 million RMB, an increase of 20% compared to the previous year[151]. - The gross margin improved to 35%, up from 30% in the previous year, due to cost optimization strategies[151]. - The company reported a significant reduction in operational costs by 10% through efficiency improvements[151]. - The company reported a cash dividend of 1.5 yuan per 10 shares, totaling 125,829,261.15 yuan for the year 2022[177]. - The total distributable profit for the year was 2,097,515,066.65 yuan, with the cash dividend accounting for 100% of the total profit distribution[177]. - The company reported a net profit attributable to ordinary shareholders of RMB 661,242,022.68 for the year 2022, with the parent company achieving a net profit of RMB 442,509,967.63[192]. - As of December 31, 2022, the profit available for distribution to shareholders was RMB 2,097,515,066.65[192]. Production and Sales - The sales volume of electronic capacitors decreased by 15.65% to 128,429.67 thousand units, while the production volume fell by 13.70% to 133,468.53 thousand units[20]. - The sales volume of electronic materials increased by 9.26% to 20,550,959.00 M², while production volume rose by 13.42% to 21,270,653.00 M²[20]. - The company expanded its production capacity for aluminum electrolytic capacitors by 40% in 2022, with the first phase of the Inner Mongolia high-end capacitor project completed and operational[28]. - The company has achieved rapid revenue growth in the field of supercapacitors, particularly lithium-ion supercapacitors, with significant applications in vehicles, medical instruments, new energy, and smart meters[111]. - The solid-state layered aluminum electrolytic capacitors (MLPC) and solid-liquid hybrid aluminum electrolytic capacitors are steadily expanding, supplying to key sectors such as laptops, servers, 5G communication devices, and electric vehicles[111]. - The film capacitor expansion project has shown significant market application, while the supercapacitor project has good market expectations with emerging applications[86]. Research and Development - The company maintained a strong focus on R&D, with significant investments aimed at enhancing the performance and cost-effectiveness of its three main product lines: aluminum electrolytic capacitors, film capacitors, and supercapacitors[26]. - Research and development investment amounted to ¥218,945,894.40, a growth of 11.15% from the previous year, accounting for 4.84% of operating income[44]. - The number of R&D personnel increased by 13.61% to 551, with a higher proportion of bachelor's degree holders[44]. - The company is continuously advancing its main product upgrades and new technology development to enhance product performance and competitiveness[44]. - The company has committed to ongoing research and development efforts to support its market expansion and technological advancements[192]. - The company has allocated 200 million RMB for R&D in new technologies over the next two years[151]. Strategic Initiatives - The company established multiple strategic alliances with international partners, enhancing its technological capabilities in high-performance capacitors and expanding its market reach[17]. - The company plans to maintain rapid growth over the next three to five years, aiming to become a leading enterprise in the global industry[86]. - A strategic acquisition of a local competitor is anticipated to enhance production capacity by 40%[151]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2025[151]. Corporate Governance and Compliance - The company has maintained compliance with corporate governance standards, ensuring no significant discrepancies with regulatory requirements[102]. - The independent directors fulfilled their responsibilities and ensured the protection of minority shareholders' rights during the profit distribution process[177]. - The company has not experienced any major accounting errors or omissions during the reporting period, reflecting strong internal controls[116]. - The company has ensured that all shareholders have equal access to information, adhering to strict disclosure and transparency standards[117]. Employee and Management - The company has a total of 3,953 employees, with 562 holding a bachelor's degree or above, 1,801 with a diploma, and 764 with a high school education[185]. - The company conducted various training programs in 2022, including specialized training in "dual carbon" and "new generation information technology" for executives[187]. - The company achieved significant employee training milestones, including certifications in quality management and production planning[188]. - The company is focused on enhancing its management capabilities through targeted training initiatives for its workforce[187]. - The current management team has extensive experience in the capacitor industry, with key members having held various leadership roles since 1981[138]. Shareholder Information - Chen Weidong holds 19,083,348 shares, accounting for 2.27% of the total share capital[123]. - Ding Jihua holds 3,073,364 shares, representing 0.37% of the total share capital[126]. - Fang Rende indirectly holds 17,327,446 shares through Yiwei Investment Co., Ltd., which is 2.07% of the total share capital[126]. - The annual general meeting held on April 15, 2022, had an investor participation rate of 36.03%[135]. - The first extraordinary general meeting of 2022 took place on September 15, 2022, with a participation rate of 38.76%[135]. - Chairman Chen Weidong holds 19,083,348 shares after exercising stock options, an increase of 396,000 shares[136]. - President Lu Jun holds 12,611,040 shares, representing 1.50% of the total share capital[140]. - CFO Wang Jun holds 5,000,000 shares, accounting for 0.60% of the total share capital[147]. Stock Options and Incentives - The company is actively involved in stock option incentives for its executives, reflecting a strategy to align management interests with shareholder value[136]. - The company has 1,214.28 million stock options available for exercise at a price of 5.38 CNY per share, with 175 eligible incentive recipients[194]. - A total of 2,106.8 million stock options were granted during the reporting period, with 5,129.6 million options exercised[198]. - The compensation for executives is primarily based on annual salary and stock incentives, with performance evaluations influencing the final compensation[198]. - The company's stock option plan includes a performance-based assessment where sales revenue achievement contributes 30% and profit achievement contributes 70% to the final score[198].