IMPULSE(SZ:002899)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was ¥824,696,742.37, a decrease of 4.59% compared to ¥864,394,696.17 in 2021[19]. - Net profit attributable to shareholders for 2022 was ¥65,664,553.48, representing a significant increase of 276.69% from ¥17,431,898.78 in 2021[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥41,210,455.41, up 32.06% from ¥31,206,585.33 in 2021[19]. - The basic and diluted earnings per share for 2022 were both ¥0.55, reflecting a 266.67% increase from ¥0.15 in 2021[19]. - The total revenue for 2022 was approximately ¥824.70 million, a decrease of 4.59% compared to ¥864.39 million in 2021[62]. - Sales of sports fitness products accounted for 99.72% of total revenue, totaling approximately ¥822.39 million, down 4.61% from ¥862.15 million in the previous year[62]. - The gross profit margin for sports fitness products was 26.24%, a slight increase of 0.62% compared to the previous year[63]. - The company reported a significant decline in sales of home fitness products, which dropped by 33.32% to approximately ¥7.55 million[62]. - The total sales revenue for commercial products reached ¥735.6 million, an increase of 26.83% compared to the previous year[64]. - The company reported a significant increase in tax refunds received, contributing to the improved net cash flow from operating activities[76]. Assets and Liabilities - The total assets at the end of 2022 were ¥2,029,945,060.50, an increase of 14.21% from ¥1,777,354,150.65 at the end of 2021[20]. - The net assets attributable to shareholders at the end of 2022 were ¥1,160,132,904.97, a rise of 5.74% from ¥1,097,108,351.49 at the end of 2021[20]. - As of the end of 2022, cash and cash equivalents decreased by 17.37% to ¥387,246,958.74, accounting for 19.08% of total assets[80]. - Accounts receivable increased to ¥162,863,709.09, representing 8.02% of total assets, with no significant changes reported[80]. - Long-term borrowings rose by 3.75% to ¥535,373,539.58, which is 26.37% of total liabilities, with no major changes noted[81]. Market and Growth Strategies - The company is positioned to benefit from favorable government policies promoting the sports industry and "Internet + fitness" trends, which are expected to drive growth[30]. - The company plans to enhance its market presence and product offerings in response to the increasing demand for fitness-related services and products[30]. - The domestic fitness equipment market is expected to see significant growth in demand for home fitness equipment due to rising living standards and fitness awareness[40]. - The company has successfully established a retail network combining distribution and direct sales across the country, enhancing service and responsiveness[33]. - The company is actively exploring e-commerce channels to attract a broader customer base and expand market reach[39]. - The company aims to expand its market presence through innovative product development and strategic partnerships[70]. - The company plans to enhance its overseas OEM/ODM product export business, aiming for greater cooperation with existing clients and exploring new high-value product projects[105]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in international sales by 2024[138]. Research and Development - The R&D team consists of 53 members, with 32 having over 10 years of experience in the fitness equipment industry, ensuring a deep understanding of market trends[55]. - The company holds 306 valid domestic patents, including 27 invention patents, and has acquired 44 new domestic patents during the reporting period[55]. - The company is developing a new home fitness brand "WeSwag," with initial product offerings including treadmills and exercise bikes[46]. - The company is developing a series of pneumatic resistance training devices aimed at enhancing performance while minimizing injury risk, expected to boost future sales[70]. - The company is focusing on enhancing its digital marketing strategies, aiming for a 40% increase in online sales channels[138]. Corporate Governance and Management - The company has established a fair and transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management, aligning the interests of shareholders, the company, and the incentive targets[121]. - The company held its annual general meeting with a participation rate of 24.21% on June 8, 2022, and the first extraordinary general meeting with a participation rate of 22.39% on September 14, 2022[126][127]. - The company experienced a change in leadership with Liu Hongtao being elected as the Chairman on August 29, 2022, due to company work adjustments[131]. - The company has undergone significant management changes in 2022, impacting its strategic direction[132]. - The board of directors approved the appointment of Wenke as a director on September 14, 2022[130]. Environmental and Social Responsibility - The company has implemented environmental protection measures, ensuring compliance with national regulations on waste management and emissions[181]. - The company has actively participated in social welfare initiatives, sponsoring various sports events and educational programs to support community development[181]. - The company has established emergency response plans for environmental incidents, which have been approved by environmental experts[177]. - The company has conducted quarterly monitoring of wastewater and emissions, ensuring compliance with environmental standards[176]. Risks and Challenges - The company faces risks from exchange rate fluctuations, which could negatively impact profits, and plans to adjust sales prices in contracts to mitigate these risks[112]. - Rising raw material prices, particularly for steel and packaging materials, have significantly affected production costs, prompting the company to enhance internal management and seek cost-effective alternatives[113]. - The company is exposed to risks from international trade policies affecting its export business, and it is optimizing its customer structure to mitigate these risks[114].