FLAC(SZ:002536)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 was ¥3,258,011,827.04, representing a 4.57% increase compared to ¥3,115,547,587.12 in 2021[22]. - The net profit attributable to shareholders decreased by 40.73% to ¥84,133,312.16 from ¥141,944,227.95 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥59,265,371.27, down 36.86% from ¥93,861,612.94 in 2021[22]. - The basic earnings per share fell by 39.29% to ¥0.17 from ¥0.28 in 2021[22]. - The total assets at the end of 2022 were ¥4,391,518,114.12, a 2.65% increase from ¥4,278,307,669.65 at the end of 2021[23]. - The cash flow from operating activities increased by 19.53% to ¥98,901,268.64 from ¥82,738,486.44 in 2021[22]. - The weighted average return on equity decreased to 3.69% from 6.40% in the previous year[22]. - The company reported a total revenue of 39.09 million in the latest financial period[127]. - The company reported a total revenue of 1.2 billion in 2022, representing a year-over-year growth of 15%[136]. - The company provided a revenue guidance of 1.5 billion for the next fiscal year, expecting a growth rate of 25%[136]. Market and Product Development - The company aims to expand its business scale in the new energy sector, particularly in electronic water pumps and thermal management components, to enhance its competitive edge[35]. - The company has developed a comprehensive electronic water pump product system, with power ranges from 13W to 16KW and voltage platforms from 12V to 1500V[39]. - The company is focusing on expanding its product offerings in the fields of electric pumps and thermal management systems for traditional and new energy vehicles[47]. - The company plans to expand its application areas from automotive and charging piles to 5G base stations, communication equipment, modern agricultural machinery, and renewable energy storage[101]. - The company is actively expanding its new energy product line, which includes electric cooling electronic pumps and thermal management control valves[100]. - The company plans to expand its market presence in Southeast Asia, aiming for a 25% market share by 2025[143]. - The company is exploring opportunities for mergers and acquisitions to further strengthen its market position[143]. Research and Development - The company holds a total of 470 patents, including 135 invention patents, as of the end of the reporting period[48]. - Research and development expenses increased by 1.34% to ¥199,836,976.50[71]. - The number of R&D personnel increased by 3.66% to 538 in 2022, while the proportion of R&D personnel decreased to 10.79% from 11.45%[72]. - The company completed the development of several key R&D projects, including a liquid cooling system for data centers and domestic chip applications[72]. - The company is investing 50 million in R&D for new technologies aimed at enhancing product efficiency[136]. - Ongoing research and development efforts are focused on innovative solutions to minimize environmental impact while maintaining production efficiency[183]. Environmental Compliance and Sustainability - The company has complied with all relevant environmental protection laws and regulations, confirming its status as a key pollutant discharge unit[175]. - The company holds valid pollution discharge permits, with the latest permit effective until May 11, 2027[176]. - The company is focused on reducing emissions and improving environmental performance through ongoing monitoring and compliance efforts[180]. - The company invested a total of CNY 14.2184 million in environmental governance and protection in 2022, including CNY 5.0795 million for facility upgrades and maintenance, CNY 8.3716 million for purchasing environmental protection equipment, and CNY 0.7671 million for environmental and water resource taxes[193]. - The company is committed to sustainable practices and aims to enhance its environmental management systems in future operations[180]. Corporate Governance - The company has established a comprehensive internal control system covering all levels of management and operations[166]. - The company has a solid governance structure with a mix of experienced board members and executives[128][132]. - The company is committed to maintaining high standards of corporate governance and transparency[128]. - The management team remains stable, with no significant changes in shareholding among directors and senior management during the reporting period[125]. - The company emphasizes the importance of protecting shareholder rights and has committed to cash dividends to enhance shareholder returns[196]. Customer and Market Relationships - The company has over 130 domestic and 30 international well-known clients, including major players in the hydrogen energy sector[49]. - The company has established significant customer relationships, including major clients such as BorgWarner, Cummins, and Great Wall Motors for its turbocharger products[107]. - The company has established connections with 118 new energy customers and participated in the development of 343 products, with 37 products already designated, including 17 electronic pumps and 3 oil pumps[59]. - The company is actively involved in industry standard-setting and patent applications to enhance its competitive position[90]. Challenges and Risks - The company is facing uncertainties regarding its ability to continue as a going concern, as indicated by the audit report[23]. - The company has experienced fluctuations in raw material prices, which have recently shown a decline, positively impacting its cost structure[100]. - The company is addressing risks related to raw material price fluctuations by implementing centralized procurement strategies[95]. - The company is addressing the impact of the recent depreciation of the RMB on its export business, aiming to mitigate foreign exchange losses[99]. Employee and Community Engagement - The company has established a training program to improve employee skills and overall quality, combining internal and external training methods[160]. - The company donated over CNY 570,000 in scholarships to local high schools and provided over CNY 180,000 in support for employees' children attending university in 2022[198]. - The company actively participates in social responsibility initiatives, including targeted donations to improve rural infrastructure and support poverty alleviation efforts[199].