露笑科技(002617) - 2022 Q4 - 年度财报

Financial Performance - Total assets at the end of 2022 reached ¥9,925,580,745.37, an increase of 11.09% compared to the adjusted total assets of ¥8,935,038,351.74 at the end of 2021[3] - Net assets attributable to shareholders of the listed company increased by 61.16% to ¥5,908,822,167.44 from ¥3,666,487,109.42 in 2021[3] - Operating revenue for 2022 was ¥3,341,842,257.97, a decrease from ¥3,555,317,359.17 in 2021, with a net revenue after deductions of ¥3,323,411,208.64[4] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -¥24,155,982.01 for 2022, compared to a profit of ¥725,578.22 in 2021[11] - The net cash flow from operating activities was -¥191,086,367.09 in 2022, a significant decline from ¥309,751,811.23 in 2021[11] - Total revenue for the year 2022 was 3,341,842,257.97 RMB, a decrease of 6.00% compared to 2021[90] - The industrial manufacturing segment generated 2,570,106,685.78 RMB, accounting for 76.91% of total revenue, down 12.22% year-on-year[90] - The photovoltaic industry revenue increased by 14.06% to 654,501,063.93 RMB, representing 19.59% of total revenue[90] - The new energy vehicle segment saw a significant growth of 213.97%, reaching 98,803,458.93 RMB, which is 2.96% of total revenue[90] Research and Development - The company has completed the R&D of several new products, including a low-voltage electric scroll compressor and a lightweight electric scroll compressor, aimed at increasing market competitiveness and sales[17] - The company is in the pilot stage of developing a multi-directional exhaust structure electric scroll compressor, which is expected to enhance product offerings[17] - R&D efforts also include a new type of oil circuit structure for electric compressors, designed to improve reliability and reduce wear on components[17] - The R&D project for the new energy vehicle air conditioning compressor controller is scheduled from December 2021 to November 2023, with a sample production and joint debugging of hardware and software completed in 2022[24] - The company has applied for 2 related patents in the development of the compressor controller platform[24] - The company has completed the development of several new products, including a high-softening polyamide composite copper wire for automotive applications, which meets higher temperature requirements of up to 400°C[144] - The company has also developed a new type of copper wire for electric drive motors, addressing the increasing technical demands for small specifications[144] Financial Reporting and Governance - The company has reported no significant discrepancies between financial reports prepared under international accounting standards and those under Chinese accounting standards[5][6] - The company has implemented retrospective adjustments in financial reporting due to changes in accounting policies effective from January 1, 2022[4] - The company did not classify any non-recurring gains or losses as recurring, ensuring clarity in financial reporting[46] - The company maintained consistent attendance at board meetings, with all directors present at 13 meetings throughout the reporting period, indicating strong governance[38] - The board of directors has actively participated in decision-making processes, with no instances of absenteeism reported during the year[38] - The company has established a robust internal control system that effectively covers major aspects of its operations, ensuring sound governance and risk assessment[98] - There were no significant defects identified in the financial reporting internal control, with zero major or important defects reported[102] - The internal control audit report issued on March 30, 2023, confirmed the effectiveness of the internal control system as of December 31, 2022[103] - The company has no major issues requiring rectification in its corporate governance following a self-assessment[104] - The company emphasizes strict compliance with corporate governance and information disclosure regulations to ensure transparency and protect stakeholder interests[131] Environmental Compliance - The company has a pollution discharge permit valid for three years, obtained on August 13, 2020, for its production projects[108] - The company’s emissions of benzene and non-methane total hydrocarbons are compliant with the relevant environmental standards[108] - The chemical oxygen demand in wastewater treatment was recorded at 73 mg/L, significantly below the limit of 500 mg/L, indicating compliance[116] - The company has implemented a stable operation of its waste gas treatment facilities, achieving a removal efficiency of 99%[127] - The company has established an environmental monitoring plan and has completed annual testing for wastewater and waste gas[129] - The company has not faced any administrative penalties related to environmental issues during the reporting period[130] Market and Industry Trends - The conductive silicon carbide substrate market size reached $170 million in 2020 and is projected to grow to $216 million by 2027, with a compound annual growth rate (CAGR) of 26%[49] - The global demand for 6-inch conductive substrates is expected to increase from over 80,000 pieces in 2020 to 200,000 pieces by 2025[49] - The silicon carbide industry is recognized as a key strategic material in national industrial planning, with significant applications in high-power and high-frequency devices[49] - The overall electric wire industry is expected to expand due to increased demand from sectors like rail transit and renewable energy[52] Investment and Capital Management - The company reported a significant decrease in investment amount, with a 24.47% decline from the previous year, totaling approximately 14.74 million yuan[171] - The company holds a financial asset investment in Boshi Phoenix Leading Fund, with an initial investment cost of 5 million yuan and a current fair value loss of approximately 946,500 yuan[171] - The company reported a total investment amount of 63.74 million yuan in futures, with a fair value change loss of 257.36 thousand yuan during the reporting period[176] - The company has not engaged in speculative derivative investments during the reporting period[180] - The company’s derivative trading is focused on mainstream futures products in the domestic market, ensuring high transparency and liquidity[176] Employee and Organizational Development - The company has established a comprehensive incentive system combining fixed and performance-based salaries to motivate employees[71] - The company has a workforce of 1,195 employees, with 712 in production, 136 in technology, and 196 holding a bachelor's degree or higher[68] - Research and development expenses increased by 48.87% to ¥120,422,120.83 due to increased investment in R&D[122] - Management expenses increased by 12,119,791.67 RMB due to the employee stock ownership plan[77] Subsidiaries and Consolidation - The company established a wholly-owned subsidiary, Zhejiang Luxiao Heavy Industry Co., Ltd., increasing the number of consolidated entities by 1[117] - The company has established a new wholly-owned subsidiary, Zhejiang Luxiao Heavy Industry Co., Ltd., expanding its consolidated entities[162]