GDM(SZ:002636)2023-06-09 16:00Financial Performance - The company's revenue for 2022 was approximately ¥3.76 billion, a decrease of 36.17% compared to ¥5.89 billion in 2021[27]. - Net profit attributable to shareholders was approximately ¥87.10 million, down 87.38% from ¥690.19 million in the previous year[27]. - The net cash flow from operating activities was approximately ¥455.73 million, a decline of 38.59% from ¥742.13 million in 2021[27]. - Basic earnings per share decreased to ¥0.120, down 87.34% from ¥0.948 in 2021[27]. - Total assets at the end of 2022 were approximately ¥6.24 billion, a decrease of 9.05% from ¥6.87 billion at the end of 2021[27]. - The net assets attributable to shareholders increased slightly by 0.74% to approximately ¥3.52 billion from ¥3.49 billion in 2021[27]. - The company reported a significant drop in net profit excluding non-recurring gains and losses, which was approximately ¥7.25 million, down 98.86% from ¥635.93 million in 2021[27]. - The weighted average return on net assets was 2.44%, a decrease of 19.06% from 21.50% in the previous year[27]. - The company achieved a total operating revenue of CNY 376,039.88 million in 2022, a decrease of 36.17% compared to the previous year[52]. - The company reported a significant decline in total revenue from domestic sales, which accounted for 93.36% of total revenue, down 36.49% year-on-year[64]. - The company's revenue from the electronic components manufacturing industry (copper-clad laminates) was CNY 3,220,903,319.84, a decrease of 40.45% compared to the same period last year[66]. - The gross profit margin for copper-clad laminates and related products was 7.18%, down 13.42% year-on-year[66]. - The total cost of goods sold for the main business was CNY 3,157,072,060.81, which represented 95.14% of the total operating costs[68]. - The company reported a total equity of 728,000,000.00, with a capital reserve of 191,332,909.04 and a retained earnings of 164,048,528.00 at the end of the period[169]. Market and Product Development - The company has diversified its product offerings, including various types of copper-clad laminates and medical health products, to meet different customer needs[39]. - The company operates three subsidiaries in China and has a stake in an Australian health supplement company, enhancing its market presence[46]. - The copper-clad laminate segment faced a decline in both revenue and sales volume due to intense market competition, prompting the company to adopt proactive measures[48]. - The medical health segment reported operating revenue of CNY 29,353.67 million, an increase of 10.31% year-on-year[52]. - The company is actively promoting the "Anhui Ningguo 30 million high-grade copper-clad laminate project," with 2 production lines already operational and 2 more in installation and debugging[53]. - The company is focusing on improving management levels in the healthcare sector to enhance profitability and operational performance[173]. - The company is enhancing its marketing team in the healthcare sector to expand market share and improve operational results[173]. - The company aims to increase market share in the copper-clad laminate sector by enhancing product characteristics and expanding market outreach, particularly in the Ningguo new factory[173]. Research and Development - The company holds 82 invention patents and 233 utility model patents, emphasizing its commitment to technological innovation[57]. - Research and development expenses amounted to CNY 173,426,736.88, a decrease of 28.89% from the previous year, while the R&D expense ratio to revenue increased to 4.61%[76]. - The company is committed to increasing research and development efforts to innovate and improve the competitiveness of copper-clad laminate products[173]. Cash Flow and Financial Stability - The company experienced a significant decrease in cash and cash equivalents, with a net decrease of CNY 558,575,070.16, a decline of 161.74% year-on-year[76]. - Cash flow from operating activities decreased from ¥742,126,022.15 to ¥455,725,256.93, a drop of approximately 38.67%[143]. - Cash flow from investing activities showed a net outflow of ¥946,555,659.44, compared to a net inflow of ¥345,420,497.21 in the previous year[143]. - Cash and cash equivalents at the end of the period decreased from ¥1,485,217,736.82 to ¥926,642,666.66, a decline of about 37.5%[144]. - The company reported a decrease in cash flow from financing activities, resulting in a net cash outflow of ¥71,348,137.43 compared to a larger outflow of ¥185,275,298.67 in the previous year[144]. - The company is focused on maintaining its operational capabilities and ensuring financial stability amid market fluctuations[130]. Governance and Management - The board of directors consists of 9 members, with a diverse professional background, ensuring effective governance and oversight[127]. - The company has established a performance evaluation system linking compensation to operational goals, ensuring accountability among directors and senior management[155]. - The company maintained complete independence from its controlling shareholders in terms of business operations, personnel, and financial management[157]. - The company has a dedicated financial accounting department, ensuring independent financial operations and compliance with tax obligations[158]. - The company has maintained a compliant governance structure, adhering to relevant laws and regulations without receiving any administrative penalties from regulatory authorities[179]. - The company operates independently from its controlling shareholder, ensuring complete control over its assets and operations[190]. - The company has not encountered any significant issues that would raise doubts about its ability to continue as a going concern within the next 12 months[193].