JQH(SZ:002885)2023-04-21 16:00Financial Performance - The company's operating revenue for 2022 was CNY 2,584,290,568.61, representing a 35.33% increase compared to CNY 1,909,574,153.54 in 2021[20]. - The net profit attributable to shareholders for 2022 was CNY 142,373,961.61, a significant increase of 614.43% from CNY 19,928,319.96 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 117,811,854.41, compared to a loss of CNY 17,749,355.71 in 2021, marking a 763.75% improvement[20]. - The net cash flow from operating activities for 2022 was CNY 74,386,835.19, a turnaround from a negative cash flow of CNY 131,261,616.68 in 2021, reflecting a 156.67% increase[20]. - Basic earnings per share for 2022 were CNY 0.7941, up 617.34% from CNY 0.1107 in 2021[20]. - Total assets at the end of 2022 reached CNY 2,507,883,152.77, a 34.12% increase from CNY 1,869,861,010.14 at the end of 2021[20]. - The net assets attributable to shareholders at the end of 2022 were CNY 946,955,027.52, reflecting a 16.46% increase from CNY 813,096,567.23 in 2021[20]. - The weighted average return on equity for 2022 was 16.10%, significantly up from 2.47% in 2021[20]. Market Trends - The global photovoltaic market is expected to grow, with China's new photovoltaic installations reaching 87 GW in 2022, a year-on-year increase of 59%[28]. - The sales volume of new energy vehicles in China reached 6.87 million units in 2022, marking a 96% year-on-year growth, maintaining high growth momentum from 2021[30]. - By the end of 2022, the number of public charging piles in China reached 5.21 million, a year-on-year increase of 92.5%, with a significant reduction in the car-to-pile ratio[32]. - The global smart photovoltaic inverter market is projected to reach approximately CNY 105.13 billion by 2025, indicating substantial growth potential in this sector[30]. - The European market is expanding for photovoltaic installations, driven by favorable policies and increasing demand for renewable energy solutions[29]. Company Strategy and Operations - The company has no changes in its main business since its listing, indicating stability in its operational focus[19]. - The company is focusing on enhancing charging efficiency and developing high-power charging solutions to meet the growing demand in the electric vehicle market[31]. - The company aims to support the sustainable and high-quality development of the new energy vehicle industry through its innovative products and solutions[34]. - The company has established long-term stable partnerships with several Fortune 500 companies, ensuring a steady order flow[46]. - The company has completed the construction of production bases in the Pearl River Delta and Yangtze River Delta, which will gradually release production capacity[51]. Research and Development - The company has obtained 35 invention patents, 195 utility model patents, and 44 design patents, showcasing its strong R&D capabilities[44]. - The company focuses on the development of magnetic components and power supply products, emphasizing reliability, stability, and advanced technology[36]. - The company has made breakthroughs in GaN fast charging products and wireless chargers, expanding its product line significantly[41]. - The company aims to achieve 1-3 utility model patents and mass production for its automotive-grade magnetic components project[62]. - The company reported a total of 49,165,774 restricted shares at the end of the reporting period, with 1,364,100 shares released during the period[194]. Corporate Governance - The company has established a governance structure that complies with relevant laws and regulations, ensuring transparency and fairness in its operations[87]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance requirements and effective decision-making[88]. - The company operates independently from its controlling shareholders in terms of business, assets, personnel, and finance, with no significant related party transactions[91]. - The company has a complete and independent financial management system, with dedicated financial personnel and no shared bank accounts with controlling shareholders[93]. - The company has established effective channels for investor relations management, including a dedicated hotline and interactive platforms[89]. Employee Engagement and Development - The company emphasizes employee rights and offers competitive salary and benefits, including "five insurances and one fund," paid leave, and performance-based compensation[123]. - The company has established an education and training center to enhance employee skills and capabilities through qualification management and targeted training programs[155]. - The company provides various cultural and recreational facilities for employees, including sports courts and activity rooms[156]. - The company has a commitment to employee health, conducting annual health checks and providing necessary protective equipment for different job roles[155]. - The company has implemented a systematic training program to enhance the professional capabilities of key personnel[125]. Financial Management - The company aims to enhance its financial structure and reduce financial risks through a refinancing plan, with an emphasis on improving asset scale and net assets[82]. - The company reported a significant decrease in financial expenses, which were -¥9,421,876.13, a change of -151.58% compared to the previous year, mainly due to currency fluctuations[61]. - The company has committed to avoiding any related party transactions that could harm its interests or those of its shareholders[162]. - The company has ensured compliance with disclosure requirements and has taken steps to avoid misleading statements in its prospectus[162]. - The company has a robust organizational structure that supports its business development, ensuring independence from shareholder influence[92]. Shareholder Relations - The company plans to distribute a cash dividend of CNY 1 per 10 shares, with a capital reserve conversion of 4 shares for every 10 shares held[4]. - The total cash dividend amount represents 4.39% of the total profit distribution[128]. - The company has proposed a three-year shareholder return plan for 2022-2024[119]. - The company has established a performance-oriented differentiated compensation mechanism, providing various benefits such as social insurance and housing funds for all employees[154]. - The company has not yet initiated any poverty alleviation or rural revitalization projects during the reporting period[158].