Intretech(SZ:002925)2023-04-28 16:00Stock Incentive Plans - The company granted a total of 546,700 restricted stock units to 166 incentive recipients as part of the 2021 restricted stock incentive plan[1]. - The first lock-up period for the initially granted restricted stocks was lifted on May 6, 2022[2]. - A total of 265,504 restricted stocks were repurchased and canceled, accounting for 0.0339% of the company's total share capital[6]. - The company adjusted the performance assessment targets for the 2021 restricted stock incentive plan to better motivate core personnel[5]. - In 2022, the company repurchased approximately 9.68 million shares, totaling around ¥200 million, as part of its employee stock incentive plan[102]. Financial Performance - In 2022, the company achieved operating revenue of RMB 4.345 billion, a decrease of 38.46% compared to the previous year[90]. - The net profit attributable to shareholders was RMB 693 million, down 36.57% year-on-year[90]. - The company maintained a cash dividend distribution ratio exceeding 40% for the past three years, significantly higher than industry peers[19]. - The company plans to distribute a cash dividend of 8 CNY per 10 shares to all shareholders, with no stock bonus and no capital reserve conversion[138]. - The net profit attributable to shareholders for 2022 was approximately ¥693.36 million, down 36.57% from ¥1.09 billion in 2021[173]. Internal Controls and Compliance - The company plans to continue improving its internal control system to promote healthy and sustainable development[12]. - The company maintained effective financial internal controls as of December 31, 2022, with a standard unqualified opinion in the internal control audit report[15]. - The company has engaged Rongcheng Accounting Firm for internal control audit services, with a fee of RMB 100,000[74]. - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[67]. - The company has maintained a good integrity status, with no significant debts or court judgments unfulfilled during the reporting period[78]. Social Responsibility and Community Engagement - The company achieved a donation income of 15.7451 million yuan through the Spring Water Foundation in 2022, with total donations amounting to 23.8155 million yuan[25]. - The company actively engages in social responsibility initiatives, focusing on community development and employee well-being[19]. - The company has contributed to educational development through donations to various educational foundations and support for underprivileged students[27]. Market and Product Development - The company plans to enhance its global R&D capabilities and utilize local production advantages in Hungary to improve service quality[47]. - The company aims to deepen the international dissemination of its 3POS culture, focusing on customer needs and rapid response capabilities[47]. - The company is committed to becoming a leader in the "Industrial Internet" and "Civil IoT" sectors in China[90]. - The company is focusing on internationalization and has established manufacturing bases in Malaysia and Hungary to enhance global operations[116]. - The company plans to enhance its UDM smart manufacturing business and focus on lean manufacturing and digital construction in 2023[92]. Risks and Challenges - The company has disclosed various risks in its annual report, including product export risks, customer concentration risks, and market competition risks[137]. - The company emphasizes the importance of understanding the differences between plans, forecasts, and commitments, urging investors to be aware of investment risks[137]. - The company has not reported any significant changes or adjustments to its business, products, or services during the reporting period[145]. Research and Development - R&D investment reached 373 million yuan, accounting for 8.58% of total revenue, an increase of 3.2 percentage points year-on-year[127]. - The company has made significant technological breakthroughs in AI applications, panoramic camera modules, and medical-grade materials, with 208 new patents granted during the reporting period[127]. - The company continues to enhance its smart manufacturing solutions and smart home product lines, aiming to improve product stability and expand market reach[126]. Market Trends and Projections - The global smart controller market is projected to grow from $1.7 trillion in 2021 to approximately $2 trillion by 2024, reflecting a compound annual growth rate (CAGR) of 5.78%[188]. - The Chinese smart controller market is expected to increase from ¥2.71 trillion in 2021 to ¥3.8 trillion by 2024, with a CAGR of 15.01% from 2015 to 2021[191]. - The company aims to enhance its market share in the smart controller sector by leveraging its strong R&D capabilities and quality control measures[193]. Employee Development and Welfare - The company has implemented a competitive salary structure and various employee incentive programs to ensure normal salary growth and payment security[21]. - The company has established a multi-level training system for employee skill enhancement, combining internal and external training resources[21]. - The company has implemented flexible work arrangements and provided various employee benefits, including interest-free housing loans[21].