奥士康(002913) - 2022 Q4 - 年度财报

Financial Performance - The total operating revenue for 2022 was approximately CNY 4.57 billion, with a quarterly breakdown of CNY 1.06 billion in Q1, CNY 1.23 billion in Q2, CNY 1.07 billion in Q3, and CNY 1.20 billion in Q4[33]. - The net profit attributable to shareholders for the year was CNY 206.80 million, with a significant loss of CNY 107.88 million in Q4[33]. - The net profit after deducting non-recurring gains and losses for the year was CNY 481.79 million, with quarterly figures of CNY 109.59 million in Q1, CNY 128.56 million in Q2, CNY 132.89 million in Q3, and CNY 111.65 million in Q4[33]. - The company reported a net cash flow from operating activities of CNY 1.04 billion for the year, with CNY 54.43 million in Q1, CNY 533.91 million in Q2, CNY 415.56 million in Q3, and CNY 34.39 million in Q4[33]. - The company's operating revenue for 2022 was CNY 4,567,482,528.85, representing a 2.98% increase compared to CNY 4,435,474,357.36 in 2021[53]. - The net profit attributable to shareholders for 2022 was CNY 306,797,979.05, a decrease of 37.41% from CNY 490,160,509.76 in 2021[53]. - The net profit after deducting non-recurring gains and losses was CNY 482,688,965.85, which is a 10.73% increase from CNY 435,930,029.43 in 2021[53]. - The weighted average return on net assets for 2022 was 8.45%, down from 15.03% in 2021, indicating a decrease of 6.58%[53]. - The total revenue for the period was approximately 355.70 million, a decrease from 510.14 million in the previous period, representing a decline of about 30.4%[145]. - The net profit for the current period was approximately 306.80 million, down from 490.16 million, indicating a decrease of around 37.3%[145]. - The basic and diluted earnings per share were both 0.97, compared to 1.63 in the previous period, reflecting a decline of approximately 40.4%[145]. Cash Flow and Investments - The company reported a cash flow from operating activities net amount of CNY 1,038,279,885.08, which is a 29.05% increase compared to CNY 804,546,568.41 in 2021[53]. - The total cash inflow from investment activities was ¥2,128,631,041.06, while the cash outflow was ¥3,019,742,846.23, resulting in a net cash flow of -¥891,111,805.17 for investment activities[80]. - The cash inflow from financing activities amounted to ¥2,100,966,445.09, with cash outflow totaling ¥2,167,902,580.03, leading to a net cash flow of -¥66,936,134.94 for financing activities[80]. - The total cash and cash equivalents at the end of 2022 reached ¥792,554,354.32, up from ¥693,094,223.06 at the beginning of the year[80]. - The cash inflow from operating activities totaled ¥3,833,713,913.09, compared to ¥3,312,936,503.51 in the previous year, reflecting a growth of 15.7%[80]. - The cash paid for purchasing goods and services was ¥2,519,704,791.78, an increase from ¥2,297,764,574.96 in 2021[80]. Market Outlook and Industry Trends - The PCB industry is expected to see a global market value decline of 4.13% in 2023, but is projected to recover with a compound annual growth rate of 3.8% from 2022 to 2027[38]. - The server PCB market is anticipated to grow significantly, with a compound annual growth rate of 9.4% from 2022 to 2026 due to increasing demand for high-performance computing[40]. - The automotive electronics segment is expected to see a significant increase in PCB demand due to the higher PCB content in new energy vehicles compared to traditional vehicles[72]. - The compound annual growth rate (CAGR) for automotive electronic PCBs is projected to be 8% from 2022 to 2026, with the market value expected to rise from $9.35 billion in 2022 to $12.77 billion in 2026[64]. - The AI server market is expected to grow at a CAGR of 10.8% from 2022 to 2026, driven by increasing demand for computing power[62]. - In 2022, the PCB industry experienced a significant slowdown, with a total output value of $81.74 billion, representing a year-on-year growth of only 1.0%[59]. - The global sales volume of new energy vehicles reached approximately 10.65 million units in 2022, marking a year-on-year increase of 63.6%[72]. - The market share of new energy vehicles in China reached 25.6% in 2022, up by 12.1 percentage points from the previous year[72]. - By the end of 2022, the total number of 5G base stations in China reached 2.312 million, with a net increase of 887,000 stations compared to the previous year[65]. Company Strategy and Future Plans - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming year[5]. - The company is committed to ongoing research and development of new technologies to drive future growth[5]. - The company anticipates potential risks in its future development, which are detailed in the management discussion section of the report[18]. - The company aims to become one of the top three PCB companies globally, focusing on technological breakthroughs and capacity expansion[75]. - The company has established a strong reputation and a stable customer base, recognized by numerous Fortune 500 companies[75]. Shareholder and Capital Management - The company does not plan to distribute cash dividends or issue bonus shares for the year[18]. - The company has terminated the implementation of the 2021 restricted stock and stock option incentive plan, resulting in accelerated recognition of share-based payment expenses amounting to CNY 226,664,572.61[36]. - The company completed the registration of 2,280,716 restricted stock grants on January 27, 2022[81]. - The total number of shares after the capital reserve conversion was 321,921,936 shares as of May 20, 2022[87]. - The company approved a capital reserve conversion plan, increasing total shares from 161,960,968 to 321,921,936, with registered capital increasing by RMB 161,960,968[166]. - The company terminated the 2021 restricted stock incentive plan, agreeing to repurchase and cancel 4,196,542 restricted shares, reducing registered capital from RMB 321,557,046 to RMB 317,360,504[167]. - As of December 31, 2022, the total share capital of the company was 317,360,504 shares, with the actual controllers holding a combined 69.96% stake[167]. - The registered capital of the company has been changed to RMB 15,886.8152 million after a non-public issuance of 11 million A-shares, raising a total of RMB 44,847.00 million[192]. - The company’s major shareholder holds 74.047% of the shares, with other shareholders holding less than 10% each[188]. - The company has committed to not providing loans or financial assistance to incentive objects for acquiring restricted stock[1]. - The company has been fulfilling its long-term commitments regarding stock incentive plans[1]. Environmental and Compliance Efforts - The company continues to focus on environmental monitoring, with wastewater monitoring conducted every two hours and air quality monitoring every six months[149]. - The company has no significant litigation or arbitration matters during the reporting period[184].