SCC(SZ:002916)2023-03-14 16:00Financial Performance - The company's operating revenue for 2022 was ¥13,992,454,035.04, representing a 0.36% increase compared to ¥13,942,521,948.74 in 2021[14]. - The net profit attributable to shareholders for 2022 was ¥1,639,730,777.66, a 10.74% increase from ¥1,480,637,000.32 in 2021[14]. - The net profit after deducting non-recurring gains and losses was ¥1,498,362,669.88, up 17.83% from ¥1,271,642,082.90 in 2021[14]. - The net cash flow from operating activities increased by 35.79% to ¥3,179,833,339.56 in 2022, compared to ¥2,341,812,030.05 in 2021[14]. - The total assets at the end of 2022 were ¥20,726,545,628.78, a 23.43% increase from ¥16,792,291,128.17 at the end of 2021[14]. - The net assets attributable to shareholders increased by 43.82% to ¥12,249,407,783.16 at the end of 2022, compared to ¥8,516,936,681.69 at the end of 2021[14]. - The basic earnings per share for 2022 were ¥3.22, a 6.62% increase from ¥3.02 in 2021[14]. - The weighted average return on equity for 2022 was 14.70%, down from 18.70% in 2021[14]. - The company reported a quarterly revenue of ¥3,507,048,898.80 in Q4 2022, with a net profit of ¥457,949,754.15 attributable to shareholders[17]. - In 2022, the company achieved total revenue of 13.992 billion yuan, a year-on-year increase of 0.36%, and a net profit attributable to shareholders of 1.640 billion yuan, up 10.74% year-on-year[31]. Dividend Policy - The company plans to distribute a cash dividend of 10.00 (including tax) for every 10 shares to all shareholders, with no bonus shares issued[3]. - The proposed cash dividend for 2022 is RMB 10.00 per 10 shares, with a total expected distribution of up to RMB 512,877,535, representing 31.28% of the net profit for 2022[147]. - The company distributed cash dividends of RMB 487,236,323.95, accounting for 32.91% of the net profit attributable to shareholders in 2021[144]. Market and Industry Outlook - The company anticipates a positive outlook for the upcoming fiscal year, driven by increased demand in key markets[4]. - The global PCB industry value increased by 1% year-on-year in 2022, with a projected compound annual growth rate (CAGR) of 3.8% from 2022 to 2027[21]. - The PCB market in mainland China is expected to grow at a CAGR of 3.3%, with a projected value of CNY 51.133 billion by 2027[22]. - The demand for packaging substrates is driven by advancements in 5G communication, AI, and cloud computing, leading to significant growth in the global packaging substrate industry[23]. - The electronic assembly industry is characterized by high market concentration, with leading EMS manufacturers providing comprehensive services beyond branding and sales[24]. Risk Management - The company has identified potential risks including macroeconomic fluctuations, competition, and supply chain disruptions, which may impact future performance[2]. - The company has implemented strategies to mitigate risks associated with material supply and price volatility[3]. - The company is facing risks from macroeconomic fluctuations, which could impact the PCB industry, and is enhancing cash flow management to mitigate these risks[91]. - The company is monitoring the impact of US-China trade tensions, which could affect export revenues, although current sales to the US represent a small portion of total revenue[92]. - The company is committed to improving its supply chain stability and efficiency to counteract potential raw material price fluctuations and supply risks[96]. Strategic Initiatives - The company is focusing on expanding its production capacity and developing new products to enhance market competitiveness[3]. - The company is exploring mergers and acquisitions to strengthen its market position and expand its product offerings[4]. - The company is committed to investing in new technologies to improve production efficiency and product quality[4]. - The company has ongoing projects in Wuxi for high-end IC substrate manufacturing, which are expected to boost production capabilities[7]. - The company is advancing the Guangzhou packaging substrate project and the second phase of the Wuxi substrate project, with the latter entering production in September 2022[34]. - The company is focusing on digital transformation and process reform to enhance operational efficiency and quality management[36]. Research and Development - R&D investment reached 820 million yuan, a year-on-year increase of 4.75%, representing 5.86% of total revenue, with 141 new patents granted during the year[37]. - The company is currently developing several key technologies, including next-generation electronic circuit technology for data centers and automotive electronics[60]. - The company has invested 500 million RMB in R&D for new technologies, focusing on sustainable manufacturing practices[130]. Environmental and Social Responsibility - The company emphasizes the importance of environmental, social, and governance (ESG) factors in its operational strategy[7]. - The company has established a carbon emission management committee to enhance its long-term sustainable development practices[45]. - The company invested over 60 million yuan in pollution prevention facilities and operational costs during the reporting period, achieving 100% compliance in pollutant emissions[166]. - The company completed 13 energy-saving renovation projects, expected to reduce carbon emissions by 4,202.2 tons annually[168]. - The company has continuously published social responsibility reports since 2007, emphasizing its commitment to sustainable development and stakeholder engagement[171]. Corporate Governance - The company has a governance structure that includes a board of directors, supervisory board, and management team, ensuring clear responsibilities and coordination[103]. - The company has three independent directors, constituting one-third of the board, enhancing governance and oversight[106]. - The company has implemented a comprehensive internal audit system, reporting directly to the audit committee[112]. - The company actively engages in investor relations, providing a platform for effective communication with stakeholders[111]. - The company has established a commitment to ensure that the future equity incentive plan's exercise conditions are linked to the implementation of compensation measures[185]. Employee and Talent Management - The total number of employees at the end of the reporting period was 14,440, with 6,382 in the parent company and 8,058 in major subsidiaries[141]. - The employee composition includes 9,459 production staff, 351 sales personnel, and 3,892 technical staff[141]. - The company has a strong talent development mechanism, with 6 recognized national and local leading talents[43]. - The company has established a three-tier training system focused on strategic direction to enhance employee skills and management capabilities[143]. Investor Relations - The company held multiple earnings conference calls throughout March and April 2022, discussing annual and quarterly reports with various securities firms[98][100]. - The company maintained a 100% response rate to investor inquiries, answering 154 questions through its investor relations platform in 2022[111]. - The company emphasized its ongoing communication with investors through various strategy meetings and conference calls throughout 2022, ensuring transparency and engagement[100][101].