Viewshine. Ltd(SZ:002849)2023-04-25 16:00Financial Performance - The company's operating revenue for 2022 was ¥952,534,628.68, a decrease of 16.84% compared to ¥1,145,480,608.09 in 2021[6]. - Net profit attributable to shareholders was ¥59,437,605.63, an increase of 14.36% from ¥51,975,092.91 in the previous year[6]. - The net profit after deducting non-recurring gains and losses was ¥20,349,530.89, down 59.38% from ¥50,091,768.66 in 2021[6]. - The company's total assets increased by 23.71% to ¥2,161,506,076.32 at the end of 2022, compared to ¥1,747,264,924.55 at the end of 2021[6]. - The basic earnings per share rose to ¥0.44, a 12.82% increase from ¥0.39 in 2021[6]. - The weighted average return on equity was 6.77%, slightly up from 6.57% in the previous year[6]. - The company reported a significant cash flow deficit from operating activities of ¥80,690,014.59, compared to a positive cash flow of ¥38,804,305.95 in 2021, marking a 307.94% decline[6]. - The total profit amounted to ¥73,273,683.93, reflecting a slight increase of 0.22% year-on-year[57]. - The company achieved operating revenue of ¥952,534,628.68, a year-on-year decrease of 16.84%[57]. - Revenue from the instrument and meter segment was ¥945,261,298.59, accounting for 99.23% of total revenue, down 17.01% year-over-year[59]. - The sales of IC card smart gas meters dropped significantly by 73.52% to ¥47,754,196.25, while revenue from remote gas meters decreased by 14.90% to ¥548,390,927.40[59]. - The company reported a negative cash flow from operating activities of -¥80,690,014.59, a year-on-year decline of 307.94%[57]. Capital and Investment - The company reported a cash dividend of 0.4 RMB per 10 shares, with a total base of 157,595,726 shares[3]. - The company plans to increase its capital reserve by issuing 4 additional shares for every 10 shares held[3]. - The company raised a total of ¥37,938.34 million through a non-public offering, with net proceeds amounting to ¥37,218.97 million after deducting fees[85]. - The company utilized ¥11,634.01 million of the raised funds during the reporting period, leaving a balance of ¥25,632.11 million[85]. - The total investment amount for the reporting period was ¥116,340,159.00, which is a significant increase of 117.07% compared to ¥53,596,535.24 from the previous year[81]. - The company has established a cash dividend policy that mandates a minimum cash distribution of 20% of the distributable profit if there are significant capital expenditures[171]. - In the case of no major investment plans, the cash dividend proportion should be at least 80% for mature companies without significant capital expenditures[171]. Market Position and Strategy - The company is positioned to benefit from the growing demand for smart gas meters as the natural gas supply and usage continue to rise in China[32]. - The implementation of urban gas pipeline renovation projects is expected to drive market growth and demand for the company's products[33]. - In 2022, the company maintained a leading position in the smart metering solutions market, focusing on smart gas and water metering terminals and management systems, with total revenue and market coverage ranking among the top in the industry[37]. - The company integrated industry resources to enhance its strategic core capabilities, aiming to solidify and expand its market share in the gas industry while also accelerating overseas market business conversion[37]. - The company is actively expanding its market presence by offering integrated smart gas metering solutions to enhance customer satisfaction[108]. - The company is focused on developing differentiated strategies to capture new demand in the growing gas consumption market[108]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[141]. - A strategic acquisition of a local competitor is in progress, which is anticipated to increase market penetration by 25%[141]. Research and Development - Research and development investment reached ¥65,140,514.76, up 19.23% compared to the previous year[57]. - The company holds a total of 363 intellectual property rights, including 19 invention patents and 156 utility model patents[49]. - The company is committed to continuous innovation in technology and product development, leveraging modern information technologies such as big data and AI to enhance its offerings in the gas and water sectors[38]. - The company is focusing on developing autonomous controllable ultrasonic metering chips to enhance market competitiveness and promote domestic technology[70]. - The company plans to continue investing in research and development to innovate and improve its product lines[137]. - The company is investing 100 million RMB in R&D for innovative energy solutions over the next three years[141]. Governance and Compliance - The financial report emphasizes the commitment to accurate and complete financial disclosures, with all board members present for the meeting[3]. - The company has implemented a comprehensive internal control system to ensure compliance and effective governance across all operations[119]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring stable operations[124]. - The company has established a complete personnel management system, ensuring that senior management does not hold positions in related enterprises, thus maintaining independence[126]. - The company operates an independent financial department, adhering to accounting standards and regulations, with no shareholder interference in financial decisions[129]. - The company has maintained compliance with regulatory requirements regarding the remuneration of its directors and senior management[152]. - The company emphasizes the importance of protecting the rights of minority shareholders and ensuring fair information disclosure[186]. Employee and Management - The total number of employees at the end of the reporting period was 802, with 688 in the parent company and 114 in major subsidiaries[165]. - The professional composition includes 290 technical personnel, 262 sales personnel, and 179 production personnel[165]. - The employee compensation policy is based on job position and skills, with performance-based rewards to enhance employee welfare[166]. - The company emphasizes employee training, organizing various training programs to improve professional skills and overall vocational quality[167]. - The company has implemented a strict salary policy in compliance with national laws, ensuring fair compensation practices[166]. Social Responsibility and Environmental Compliance - The company adheres to environmental protection regulations and has achieved ISO14001 environmental management system certification[190]. - The company actively engages in social responsibility initiatives while enhancing corporate value[185]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[185]. - The company has committed to legal operations and tax compliance, contributing to local economic development and job creation[191]. - The company has actively engaged in social welfare activities, contributing to various public welfare projects[191]. Future Outlook - The company is optimistic about its future outlook, projecting continued revenue growth and market expansion in the coming years[137]. - The company has set a future outlook with a revenue guidance of 1.8 billion RMB for the next fiscal year, indicating a projected growth of 20%[141]. - New product development includes the launch of a smart meter technology expected to enhance operational efficiency by 30%[141]. - The management team highlighted a focus on sustainability initiatives, aiming for a 50% reduction in carbon emissions by 2025[141].