FPT(SZ:300256)2023-04-25 16:00Financial Performance - Total assets amounted to approximately CNY 2.70 billion, a decrease from CNY 3.23 billion in the previous year, reflecting a decline of about 16%[3] - The company reported a net profit of approximately CNY 1.21 billion, compared to a net loss of CNY 4.66 billion in the previous year, indicating a significant turnaround[9] - The total liabilities reached approximately CNY 1.92 billion, down from CNY 3.81 billion, representing a reduction of about 49%[6] - The company's equity totaled approximately CNY 2.36 billion, a recovery from a negative equity of CNY 381 million in the previous year[6] - Basic and diluted earnings per share were reported at CNY 0.06, a significant improvement from a loss of CNY 1.45 per share in the previous year[8] - The company's operating revenue for 2022 was ¥625,711,434.73, a significant decrease from ¥3,218,351,947.70 in 2021[34] - The net profit attributable to shareholders for 2022 was ¥144,879,743.39, a significant improvement from a loss of ¥1,384,901,965.66 in 2021, marking a 110.46% increase[63] - The net cash flow from operating activities was negative at ¥327,996,429.71, an improvement of 14.44% compared to a negative cash flow of ¥383,369,666.54 in 2021[63] - The total revenue for 2022 was approximately ¥625.71 million, a decrease of 80.56% compared to ¥3.22 billion in 2021[114] Revenue Breakdown - After deducting other business income, the main operating revenue for 2022 was ¥527,522,368.79, compared to ¥3,118,707,900.93 in 2021[34] - The revenue from touch display products was ¥219.39 million, accounting for 35.06% of total revenue, down 75.31% from ¥888.46 million in 2021[114] - The revenue from window protection screens was ¥241.68 million, representing 38.63% of total revenue, a decline of 70.07% from ¥807.47 million in 2021[114] - The revenue from structural components was ¥66.45 million, which is 10.62% of total revenue, down 95.33% from ¥1.42 billion in 2021[114] - The company's domestic sales accounted for 80.49% of total revenue, amounting to ¥503.64 million, down 76.24% from ¥2.12 billion in 2021[114] Assets and Liabilities - The company's fixed assets decreased to approximately CNY 715 million from CNY 822 million, reflecting a decline of about 13%[3] - Deferred tax assets were reported at approximately CNY 141 million, down from CNY 221 million, indicating a decrease of about 36%[3] - Other receivables decreased significantly to approximately CNY 340 million from CNY 1.46 billion, a reduction of about 77%[3] - As of the end of 2022, cash and cash equivalents amounted to ¥492.49 million, representing 18.26% of total assets, an increase of 10.03% from the beginning of the year[162] - Accounts receivable reached ¥312.24 million, accounting for 11.58% of total assets, up by 5.94% compared to the previous year[162] - Inventory increased to ¥196.08 million, which is 7.27% of total assets, reflecting a rise of 5.53% from the previous year[162] Operational Strategy - The company operates a direct sales model for its window protection screen business, maintaining continuous communication with customers to develop customized products based on market demand[47] - The touch display business employs a customer filing system for comprehensive management, with dedicated personnel responsible for regular communication to understand future order sustainability[49] - The company has a structured production process where sales departments review orders, and production plans are created accordingly, ensuring quality control and efficiency[50] - The company emphasizes supplier management, ensuring at least two suppliers for the same material to mitigate supply risks[51] - The company has established a commitment to avoid related party transactions that could harm shareholder interests[42] Research and Development - The company has reduced its R&D personnel by 28.17% from 426 in 2021 to 306 in 2022[99] - The proportion of R&D personnel with a bachelor's degree decreased by 26.67% from 30 to 22[99] - The company has consistently increased its R&D investment, with a focus on innovative technologies and market expansion strategies[125] - The company is currently in the R&D certification phase for multiple projects, including 3D irregular flower technology for automotive gear applications, aiming for mass production of vehicle-mounted gear lever applications[123] - The company is developing antibacterial AR+AF technology for vehicle-mounted TP CG applications, with the goal of achieving certification from automotive clients and applying it to new projects[123] Market Position and Future Plans - The company is focusing on expanding its electric two-wheeler business in international markets, driven by increasing global demand for electric vehicles[71] - The company has successfully completed its restructuring plan, which has improved its asset status and restored its operational capabilities[74] - The competitive landscape in the consumer electronics and electric two-wheeler industries remains high, with supportive policies from the government aiding industry development[75] - The company aims to achieve mass production of microcrystalline material 3D smart wearable covers, enhancing its presence in the high-end wearable product market[123] - The company plans to inject part of its electric vehicle assets into the listed company within 24 months after obtaining 600,000,000 shares, with a commitment that the net profit of these assets for the last complete fiscal year will not be less than RMB 20 million[132] Risk Management - The company faces risks related to technological innovation, core personnel turnover, and potential challenges in fulfilling the restructuring investment agreement[56] - The company recognizes the risks associated with technological innovation and product development[200] - The company has committed to ensuring the independence of its financial and operational structures, including establishing independent financial accounting departments and maintaining separate bank accounts[129] - The company has pledged to avoid any business competition with its subsidiaries and ensure fair pricing in related transactions[129] Supplier and Customer Management - The company has established a high-quality customer base, including well-known brands such as Huawei, Lenovo, Tesla, Philips, Schneider, and Motorola, enhancing its core competitiveness[87] - The company has implemented a strict supplier admission process, evaluating suppliers based on technical capabilities, product quality, and financial stability[83] - The total procurement amount from the top five suppliers was ¥120,148,646.02, which accounted for 26.84% of the annual total procurement[144] Financial Management - Financial expenses decreased by 42.01% to ¥119,024,914.84 in 2022, down from ¥205,244,976.49 in 2021[145] - Management expenses were ¥317,997,811.45 in 2022, a reduction of 33.14% from ¥475,582,672.11 in 2021[145] - The company reported no non-operating fund occupation by controlling shareholders or other related parties during the reporting period[141] - The company has not faced any administrative penalties related to environmental issues during the reporting period[152]