TKC(200512)2023-03-06 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,584,267,529.08, a decrease of 32.51% compared to ¥2,347,280,300.56 in 2021[19]. - The net profit attributable to shareholders for 2022 was ¥94,283,302.93, down 22.88% from ¥122,249,955.82 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥73,172,417.28, a decrease of 15.54% compared to ¥86,639,602.54 in 2021[19]. - The total revenue for the company was approximately ¥1.58 billion, a decrease of 32.51% compared to the same period last year[37]. - The company achieved a total profit of CNY 139 million, which is a 24.53% decrease from CNY 184 million in 2021[33]. - The gross profit margin improved to 17.56%, an increase of 3.42% year-on-year[37]. - The company reported a net profit impact of RMB -3,571.65 million from the cancellation of Shanghai Canxing Trading Co., Ltd. and RMB 44,644.93 million from the cancellation of Zhangzhou Cankun Nankang Electric Co., Ltd.[65]. - The company reported a total revenue of 2,550.16 million CNY from purchasing raw materials, accounting for 2.57% of similar transaction amounts[139]. Cash Flow and Assets - The net cash flow from operating activities increased by 10.94% to ¥164,775,609.26 from ¥148,525,571.88 in 2021[19]. - The total assets at the end of 2022 were ¥2,607,540,908.00, a decrease of 6.40% from ¥2,785,902,354.47 at the end of 2021[19]. - The net cash flow from operating activities for 2022 was $164,775,609.26, an increase of 10.94% compared to 2021[50]. - The net increase in cash and cash equivalents was -$195,339,519.76, a significant decline compared to a positive increase of $98,049,966.90 in 2021[50]. - As of the end of 2022, cash and cash equivalents accounted for 22.12% of total assets, down from 27.98% at the beginning of the year, reflecting a decrease of 5.86%[52]. - The company's total liabilities decreased, with accounts payable dropping by 7.59% to $398,955,150.23, attributed to reduced procurement amounts[54]. - The company's total assets decreased from CNY 2,785,902,354.47 in 2021 to CNY 2,607,540,908.00 in 2022, a decline of approximately 6.4%[194]. Research and Development - The company obtained 43 R&D patents during the reporting period, including 29 invention patents, enhancing its intellectual property protection[31]. - Research and development expenses were approximately ¥61.92 million, representing 3.91% of total revenue, an increase from 2.73% the previous year[48]. - The number of R&D personnel decreased by 8.33% to 341, while the proportion of R&D personnel to total employees increased to 10.79%[47]. - The company plans to develop products that align with smart home and low-carbon environmental trends, aiming to expand market share and enhance revenue[46]. - The company has initiated a strategic partnership with a leading technology firm to develop advanced AI solutions for its products[96]. - Research and development expenses for 2022 were CNY 61,922,089.98, slightly down from CNY 64,037,360.74 in 2021[196]. Market and Sales - The small home appliance manufacturing segment accounted for 94.69% of total revenue, generating CNY 1.50 billion, down 33.84% from CNY 2.27 billion in 2021[34]. - The revenue from the cooking appliances product line was CNY 944.84 million, a decline of 40.69% from CNY 1.59 billion in 2021[34]. - The revenue from the Americas region decreased by 48.65%, from CNY 1.21 billion in 2021 to CNY 622.68 million in 2022[34]. - The sales volume of small household appliances decreased by 45.36% year-on-year, with production volume also down by 42.25% due to reduced orders[38]. - The company plans to expand its domestic market while maintaining its focus on global small appliance market growth[29]. - The company is actively expanding its business in the Americas and Europe to enhance global product sales and strengthen its presence in the Chinese market[76]. Corporate Governance and Management - The company maintains a robust corporate governance structure, ensuring compliance with relevant laws and regulations[81]. - The annual shareholders meeting had an investor participation rate of 44.90% on May 13, 2022[89]. - The company reported no changes in the shareholding of directors, supervisors, and senior management during the reporting period[91]. - The company has maintained a stable management team with no resignations or dismissals reported during the period[91]. - The company held five board meetings during the reporting period, with all directors actively participating[111]. - The audit committee convened six times to review the company's financial reports and internal controls[114]. Strategic Initiatives - The company aims to enhance customer interaction and innovation to boost order intake and revenue in a challenging consumption environment[33]. - The company is integrating its QCDH specialized manufacturing and supply chain systems to improve production efficiency and quality[69]. - The company is adopting a "green energy-saving health" product development strategy, focusing on new environmentally friendly materials and automated processes[75]. - The company is exploring potential acquisitions to strengthen its supply chain and enhance operational efficiency[96]. - The company plans to leverage big data systems and new manufacturing technologies to enhance production capabilities and efficiency[69]. Risks and Challenges - The company faces risks from global supply chain disruptions, rising international trade protectionism, and the impact of the Russia-Ukraine conflict on the international market[71]. - Domestic labor costs are increasing, and the aging workforce is affecting manufacturing capabilities, prompting the company to enhance automation and talent retention strategies[73]. - The company emphasizes risk control in its derivative investments, ensuring compliance with relevant laws and regulations[62]. Shareholder Information - The total number of circulating shares is 185,391,680, representing 100% of the shares[153]. - The largest shareholder, Fordchee Development Limited, holds 29.10% of the shares, totaling 53,940,530 shares[156]. - The company has not issued any new shares or conducted any stock splits during the reporting period[153]. - The cash dividend policy for 2022 included a distribution of 3.00 RMB per 10 shares, totaling 55,617,504 RMB, which represents 100% of the total profit distribution[123].