SENSSUN(SZ:002870)2023-04-16 16:00Financial Performance - The company's operating revenue for 2022 was approximately ¥4.82 billion, a decrease of 1.50% compared to ¥4.89 billion in 2021[20] - Net profit attributable to shareholders increased by 72.18% to approximately ¥86.26 million from ¥50.10 million in the previous year[20] - The net profit after deducting non-recurring gains and losses was approximately ¥156.46 million, up 2.65% from ¥152.43 million in 2021[20] - Cash flow from operating activities increased by 20.13% to approximately ¥510.12 million compared to ¥424.65 million in 2021[20] - Basic and diluted earnings per share rose by 53.33% to ¥0.69 from ¥0.45 in the previous year[20] - Total assets at the end of 2022 were approximately ¥7.40 billion, an increase of 16.06% from ¥6.38 billion at the end of 2021[20] - Net assets attributable to shareholders increased by 81.73% to approximately ¥1.54 billion from ¥846.99 million in 2021[20] Business Segments - The automotive business segment generated sales revenue of 4.097 billion yuan, representing a year-on-year growth of 4.85%, with a non-recurring net profit of 290 million yuan, up 16.87%[61] - The company's new energy product sales surged, achieving operating revenue of 556 million yuan, a significant year-on-year increase of 142.53%, accounting for 11.54% of total business revenue[64] - The weighing instrument business faced challenges, with operating revenue declining by 26.75% to 720 million yuan due to overseas inflation impacts[65] - Revenue from the automotive parts manufacturing segment reached CNY 4.05 billion, accounting for 84.17% of total revenue, with a year-on-year increase of 4.55%[75] Market and Industry Trends - The domestic passenger car market saw a total sales volume of 23.563 million units in 2022, a year-on-year increase of 9.5%[31] - The penetration rate of new energy vehicles in the domestic market reached 688.7 thousand units sold, representing a remarkable growth of 93.4% year-on-year[31] - The rapid growth of the new energy vehicle market in China has significantly contributed to the company’s performance, transitioning from policy-driven to market-driven growth[43] Product Development and Innovation - The company is actively expanding its product matrix in the new energy charging and distribution sector, with increasing sales scale and international market penetration[33] - The company has established a comprehensive R&D team for automotive components, focusing on product quality, time, and cost control[39] - The company is developing a new generation of engine turbocharger pipes, with completion expected by the end of 2023, to enhance its competitiveness in the turbocharger market[90] Financial Management and Investments - The company completed a non-public offering of A-shares, raising nearly CNY 600 million to support the development of new energy vehicle charging equipment and related projects[69] - The company reported a total investment of RMB 740.13 million for the reporting period, representing a 149.09% increase compared to RMB 297.13 million in the same period last year[108] - The company raised ¥589 million through a private placement, which contributed to the increase in cash flow from financing activities[95] Corporate Governance - The board consists of 9 members, including 3 independent directors, ensuring compliance with governance standards[148] - The company has established a transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management, linking performance to company benefits[150] - The company held 2 shareholder meetings during the reporting period, ensuring compliance with legal requirements and allowing shareholders to exercise their voting rights[147] Risk Management - The company recognizes market risks, particularly in the weighing instrument business, due to high reliance on international sales and potential fluctuations in global demand[132] - The company faces risks from international conflicts, chip shortages, and global economic downturns, which may adversely affect the expected recovery of the automotive industry[134] - The company will implement measures to mitigate foreign exchange risks through hedging and fixed-rate agreements[135] Employee and Stakeholder Relations - The company has implemented a performance-based reward system to enhance employee welfare and motivation[189] - The total number of employees at the end of the reporting period was 5,836, with 252 in the parent company and 5,584 in major subsidiaries[187] - The company respects the rights of stakeholders, fostering communication and collaboration with suppliers and customers[150] Future Outlook - The company plans to enhance operational efficiency and product competitiveness in response to declining export orders in the weighing instrument business due to geopolitical instability[79] - The company plans to enhance product R&D and customer development in various countries to adapt to market changes and meet diverse customer needs[134] - The company has set a future outlook with a revenue target of 1.8 billion RMB for the next fiscal year, indicating a projected growth of 20%[163]