Anjie(002635)2023-03-30 16:00Board Meetings and Governance - The company held eight board meetings during the reporting period, discussing a total of 10 proposals, including amendments to the board meeting rules and the company’s articles of association[3]. - The first meeting of the fifth board was held on July 6, 2022, where nine proposals were approved, including the election of the board chairman and the appointment of senior management[3]. - The second meeting of the fifth board on August 26, 2022, approved three proposals, including the half-year report for 2022 and a special report on the use of raised funds[3]. - The third meeting of the fifth board on October 26, 2022, approved seven proposals, including the third quarterly report for 2022 and the appointment of the annual audit institution[3]. - The fourth meeting of the fifth board on December 28, 2022, approved seven proposals, including the application for comprehensive credit limits for 2023 and the use of self-owned funds for investment management[3]. - All directors attended the board meetings, with no objections raised regarding company matters during the reporting period[5]. - The audit committee of the fourth board held meetings to review quarterly work reports and plans, with all proposals approved[6]. - The fifth board's audit committee also reviewed the annual audit institution appointment and quarterly work reports, with all proposals approved[6]. - The remuneration and assessment committee of the fourth board reviewed the remuneration proposals for directors and senior management for 2021, with all proposals approved[6]. - The report includes a section on corporate governance, highlighting the company's commitment to transparency and accountability[37]. Financial Performance - The company's operating revenue for 2022 was CNY 4,198,648,189.01, an increase of 8.11% compared to CNY 3,883,797,667.12 in 2021[58]. - The net profit attributable to shareholders for 2022 was CNY 320,003,184.92, representing a significant increase of 60.72% from CNY 199,101,432.85 in 2021[58]. - The net profit after deducting non-recurring gains and losses was CNY 287,970,942.28, up 204.28% from CNY 94,640,193.64 in the previous year[58]. - The basic earnings per share for 2022 was CNY 0.47, a 62.07% increase compared to CNY 0.29 in 2021[58]. - The total assets at the end of 2022 were CNY 7,860,588,998.19, a slight increase of 0.87% from CNY 7,792,677,954.79 at the end of 2021[58]. - The net assets attributable to shareholders at the end of 2022 were CNY 5,993,555,541.24, reflecting a growth of 3.78% from CNY 5,775,150,511.07 in 2021[58]. - The cash flow from operating activities for 2022 was CNY 894,254,061.78, a remarkable increase of 405.64% from CNY 176,855,311.43 in 2021[58]. - The company reported a quarterly revenue of CNY 1,124,997,813.44 in Q3 2022, with a net profit of CNY 91,342,236.69 for the same period[64]. - The company achieved a total revenue of ¥4,198,648,189.01 in 2022, representing an increase of 8.11% compared to the previous year[101]. - Net profit attributable to shareholders reached ¥320,003,184.92, a growth of 60.72% year-on-year, while the net profit excluding non-recurring gains and losses surged by 204.28% to ¥287,970,942.28[101]. Employee and Compensation Policies - The total number of employees at the end of the reporting period was 5,038, with 1,322 in the parent company and 3,716 in major subsidiaries[14]. - The company has a total of 14 retired employees who require financial support from the parent company and major subsidiaries[14]. - The company has implemented a performance-oriented compensation policy, combining position-based salaries with performance assessments to motivate employees[15]. - The company has established a multi-level training system to enhance employee skills and promote self-development[18]. - The company has no stock incentive plans or employee stock ownership plans in place during the reporting period[20]. - The company has a strong R&D capability, continuously investing in technology and talent to support new product development and maintain competitive advantages[92]. Investment and Expansion Strategies - The company plans to expand its investment strategies and enhance its financial management practices in 2023[3]. - The company has made investments in subsidiaries, including a capital increase for Anjie Wireless Technology (Suzhou) Co., Ltd.[12]. - The company has proposed to establish two new subsidiaries in the United States as part of its investment strategy[12]. - The company is actively expanding its business in the new energy vehicle sector and planning domestic and international layouts[81]. - The company is expanding its global production capacity, including the construction of new factories in Thailand and the United States, to meet international clients' needs[182]. - The company is focusing on vertical integration within the new energy vehicle supply chain to optimize resource allocation and industry layout[182]. Research and Development - The company aims to enhance its core product technology and respond to customer needs through continuous investment in R&D[82]. - Research and development expenses rose by 24.65% to CNY 360,680,418.71, driven by increased investment in new projects[122]. - The company is developing a new type of ferrite material that can achieve ultra-low loss and ultra-high conversion efficiency at 1MHz, targeting applications in new energy vehicles and wireless charging[129]. - The company is focusing on improving the quality and yield of hydrogen fuel cell bipolar plates through advanced laser welding techniques[132]. - The company is actively developing new products in the magnetic materials sector, including ceramic resistor substrates and magnetic cores, to support the growing 5G communication market[183]. Market Trends and Industry Insights - In 2022, the global smartphone shipment reached 1.21 billion units, with a forecasted increase to 1.519 billion units by 2025, driven by high-end smartphone demand[73]. - The global foldable smartphone market is expected to grow by 52% in 2023, reaching 2.27 million units sold[73]. - The penetration rate of OLED screens in smartphones is projected to rise from 46% in 2022 to over 50% in 2023[74]. - Global sales of new energy vehicles reached 10.824 million units in 2022, marking a year-on-year growth of 61.6%[76]. - The share of Chinese new energy vehicles in global sales increased from 53.0% in 2021 to 63.6% in 2022[76]. - The global VR headset sales are forecasted to reach 12.5 million units in 2023, representing a year-on-year growth of 26.77%[75]. Risk Management and Compliance - The company is committed to strengthening its automation equipment development team to control production labor costs while increasing capacity[184]. - The company has established a comprehensive political risk assessment system to ensure effective decision-making[196]. - The company has implemented measures to mitigate foreign exchange risks associated with its international sales[196]. - The company is monitoring international political risks and adjusting its strategies accordingly to navigate uncertainties[196]. - The company has established a management system for foreign exchange hedging to control transaction risks and prevent speculative behaviors[156]. Shareholder Returns - The company plans to distribute a cash dividend of RMB 2 per 10 shares to shareholders, based on a total share capital of 675,843,779 shares after excluding repurchased shares[19]. - The company approved a profit distribution plan, distributing a cash dividend of 2 RMB per 10 shares (including tax) to all shareholders, based on a total share capital of 675,843,779 shares after deducting repurchased shares[26]. - The company reported a net profit available for distribution to shareholders of RMB 1,542,564,451.42 for the reporting period[178]. - The company distributed a cash dividend of RMB 2 per 10 shares (including tax), totaling RMB 135,168,755.80, which represents 100% of the distributable profit for the period[174][178].