TES(SZ:003019)2023-04-27 16:00Dividend and Profit Distribution - The company plans to distribute a cash dividend of 8 RMB per 10 shares (including tax) and issue 1 bonus share for every 10 shares held, based on a total share capital of 147,757,438 shares[4]. - The proposed profit distribution plan includes a cash dividend of RMB 8 per 10 shares (totaling RMB 118,205,950.40) and a stock dividend of 1 share for every 10 shares held (totaling 14,775,744 shares)[160]. - The cash dividend distribution accounts for 88.89% of the total profit distribution amount, reflecting a strong commitment to returning value to shareholders[161]. Financial Performance - The company's operating revenue for 2022 was ¥1,811,921,938.10, representing a 13.79% increase compared to ¥1,592,319,938.02 in 2021[16]. - The net profit attributable to shareholders for 2022 was ¥260,770,257.11, a significant increase of 72.82% from ¥150,887,739.71 in 2021[16]. - The net profit after deducting non-recurring gains and losses for 2022 was ¥250,610,653.16, up 96.85% from ¥127,312,000.89 in 2021[16]. - The basic earnings per share for 2022 was ¥1.77, reflecting a 71.84% increase from ¥1.03 in 2021[16]. - The company's gross profit margin improved to 28.59%, an increase of 4.89% year-on-year, driven by enhanced supply chain management and production efficiency[51]. - The company reported a total revenue of 68,586.41 million CNY, with a net profit of 6,547.65 million CNY for the year 2022[89]. Operational Highlights - The net cash flow from operating activities for 2022 was ¥387,359,195.32, a remarkable increase of 268.82% compared to -¥229,445,860.22 in 2021[16]. - The total assets at the end of 2022 were ¥1,850,731,328.33, a decrease of 1.32% from ¥1,875,446,688.67 at the end of 2021[16]. - The company reported a quarterly operating revenue of ¥503,333,812.18 in Q1 2022, with a net profit of ¥58,900,771.71 for the same period[22]. - The company received government subsidies amounting to ¥15,387,899.79 in 2022, compared to ¥13,355,298.17 in 2021[23]. Market and Industry Trends - In 2022, global sales of pure electric vehicles reached 7.8 million units, a year-on-year increase of 68%, with new car sales accounting for 10% of total sales for the first time[30]. - In China, the production and sales of new energy vehicles reached 7.058 million and 6.887 million units respectively in 2022, representing year-on-year growth of 96.9% and 93.4%, with a market share of 25.6%[30]. - The global AI industry size grew from $690 billion in 2017 to $3 trillion in 2021, and is expected to exceed $6 trillion by 2025, with a compound annual growth rate of over 30% from 2017 to 2025[31]. Research and Development - The company's research and development expenses amounted to ¥57,725,400.18 in 2022, representing a 9.55% increase compared to ¥52,694,831.32 in 2021[66]. - Investment in R&D increased by 30% in 2022, focusing on innovative technologies and new product development[112]. - The number of R&D personnel increased by 11.19% to 149 in 2022, compared to 134 in 2021[65]. Corporate Governance - The company has established a robust corporate governance structure, ensuring the protection of shareholders' rights and implementing a cash dividend policy to reward investors[186]. - The board of directors consists of 8 members, including 3 independent directors, ensuring compliance with governance standards[114]. - The company operates under a "three-in-one" corporate governance structure, ensuring independence from the controlling shareholder and actual controller[124]. Risk Management - The company emphasizes the importance of understanding the difference between plans, forecasts, and commitments, urging investors to be aware of investment risks[4]. - The company is exposed to risks related to changes in export tax rebate policies, which could negatively impact profitability if rebate rates are lowered[108]. - The company has implemented measures to mitigate foreign exchange risks associated with its export business, including the use of hedging tools[103]. Employee Relations - The total number of employees at the end of the reporting period was 749, with 367 in production, 149 in technical roles, and 60 in sales[155][156]. - Employee welfare is prioritized, with initiatives aimed at improving work environments and providing various benefits, earning the company recognition as a "Harmonious Enterprise" and "Employee Home"[187]. - The company has a well-structured salary policy that aligns employee compensation with company performance and market competitiveness[157]. Environmental and Social Responsibility - The company emphasizes environmental protection and sustainable development, adhering to various environmental laws and regulations without facing any administrative penalties during the reporting period[183]. - The company actively participates in social charity initiatives, providing employment opportunities for disabled individuals and supporting educational programs in impoverished areas[190]. - The company has implemented measures to reduce carbon emissions, including the establishment of a photovoltaic power generation facility and the promotion of energy-efficient products certified by the EU Energy Efficiency[184].