APLUS(SZ:300163)2023-04-23 16:00Financial Performance - The company's operating revenue for 2022 was CNY 304,664,492.41, a year-on-year decrease of 0.52%[6]. - The net profit attributable to shareholders was CNY -1,716,569.80, representing a year-on-year improvement of 50.74% in loss reduction[6]. - The company's operating revenue for 2022 was CNY 304,664,492.41, a decrease of 0.52% compared to CNY 306,256,010.49 in 2021[28]. - The net profit attributable to shareholders improved by 50.74%, reaching a loss of CNY 1,716,569.80 in 2022, compared to a loss of CNY 3,484,687.57 in 2021[28]. - The cash flow from operating activities significantly increased by 289.54%, amounting to CNY 84,348,824.24 in 2022, compared to CNY 21,653,212.52 in 2021[28]. - The total assets of the company decreased by 6.58% to CNY 643,741,486.77 at the end of 2022, down from CNY 689,118,320.19 at the end of 2021[28]. - The basic earnings per share improved by 51.35%, resulting in a loss of CNY 0.0036 per share in 2022, compared to a loss of CNY 0.0074 per share in 2021[28]. - The company reported a total revenue from fabric, window decoration, and shading products of CNY 279,013,560.84 after deducting certain revenues in 2022[28]. - The company reported a net foreign exchange loss of CNY -523.98 million in 2022 due to currency fluctuations, which may adversely affect future performance[13]. - The company reported a net loss of CNY 43,325,475.07 for the period, with no cash dividend distribution proposed despite having positive distributable profits[129]. Business Strategy and Operations - The company ceased non-core business operations in certain subsidiaries to focus on its main business, which significantly improved cash flow and reduced financial costs[6]. - The company plans to stop consolidating the financial data of subsidiaries that lost control starting from April 2023, mitigating the impact on future financial statements[14]. - The company aims to expand its revenue by leveraging its existing technology reserves and exploring new application areas for its products[40]. - The company is focused on sustainable development and aims to contribute to carbon neutrality by enhancing building energy efficiency standards and promoting green construction practices[76]. - The company has ongoing construction projects, including a new energy-efficient window production facility, which is expected to enhance production capacity significantly[66]. - The company plans to enhance its governance structure and internal control management to improve operational efficiency and risk management capabilities[80]. - The company will implement a marketing strategy that emphasizes domestic market penetration and international expansion, targeting emerging and underserved regions[80]. - The company is committed to talent acquisition and development to support business innovation and enhance operational capabilities[81]. Market and Competition - The proportion of foreign sales revenue to total operating revenue was 71.43% in 2022, indicating a high dependency on international markets[10]. - The company is facing increased competition in the shading fabric market, which may impact its market share and growth rate[8]. - The competitive landscape in the shading materials market is intensifying, with a focus on high-end products dominated by a few key players[40]. - The company has a leading market share in the domestic sunshine fabric production industry, attributed to its technological advancements and product quality[40]. - The company recognizes the risk of fluctuating raw material prices, particularly for polyester fibers and PVC, which are influenced by global oil prices[84]. - The company anticipates intensified market competition as more players enter the shading materials sector, which may impact market share and growth rates[84]. Research and Development - The company has developed four innovative new polymer composite shading materials, enhancing its product offerings[41]. - R&D investment amounted to ¥11,329,793.04 in 2022, representing 3.72% of total revenue, an increase from 3.28% in 2021[60]. - The company completed the development of a high-performance glass fiber polypropylene composite material, which is expected to enhance product functionality and competitiveness[60]. - The company is developing a new type of halogen-free flame-retardant insulation composite material to meet high-performance material demands, which is expected to contribute to future profit growth[60]. Governance and Compliance - The company has established a governance structure that includes a board of directors, supervisory board, and management team, complying with relevant laws and regulations[91]. - The board consists of 5 members, including 2 independent directors, ensuring compliance with legal requirements[92]. - The company emphasizes information disclosure, adhering to regulations and ensuring timely and accurate communication with investors[95]. - The company has implemented a performance evaluation and incentive mechanism for directors and senior management, aligning with its development status[95]. - The company has a structured governance system in compliance with relevant laws and regulations[96]. - The company has not faced any penalties or corrective actions during the reporting period, further underscoring its compliance with regulations[159]. Human Resources - The total number of employees at the end of the reporting period was 675, with 557 in major subsidiaries[125]. - The professional composition includes 507 production personnel, 28 sales personnel, 45 technical personnel, 21 financial personnel, and 74 administrative personnel[125]. - The company emphasizes employee training with tailored plans for different positions, focusing on feedback and effectiveness[127]. - The remuneration policy for directors, supervisors, and senior management is based on company scale and economic performance, ensuring overall labor costs are controllable[126]. Environmental and Social Responsibility - The company has obtained ISO14001 environmental management system certification and will continue to strengthen environmental supervision and management[141]. - The company emphasizes a focus on energy-saving shading products, aiming to create green value for customers and meet public demand[142]. - The company is committed to social responsibility and actively engages in social welfare activities, promoting prosperity in collaboration with local governments and organizations[144]. Financial Management - The company has not engaged in any significant equity or non-equity investments during the reporting period[69][70]. - The company has not experienced any major changes in the scope of consolidated financial statements compared to the previous year, maintaining consistency in reporting[157]. - The company has not made any significant acquisitions or disposals of assets or equity during the reporting period, reflecting a stable operational strategy[162]. - The company has maintained a continuous relationship with the auditing firm Zhongshun Zhonghuan CPA for 16 years, with an audit fee of RMB 800,000 for the reporting period[158].