KYLAND(SZ:300353)2023-04-24 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,104,721,726.48, representing a 17.40% increase compared to ¥941,002,773.24 in 2021[21]. - The net profit attributable to shareholders for 2022 was ¥20,174,540.93, a significant increase of 288.89% from ¥5,187,764.21 in 2021[21]. - Basic earnings per share for 2022 were ¥0.04, up 300.00% from ¥0.01 in 2021[21]. - The total assets at the end of 2022 amounted to ¥2,759,755,479.64, an increase of 17.07% from ¥2,357,271,103.66 at the end of 2021[21]. - The company's net assets attributable to shareholders increased by 4.04% to ¥1,009,470,280.60 at the end of 2022, compared to ¥970,277,512.82 at the end of 2021[21]. - The company reported a net profit excluding non-recurring gains and losses of ¥-110,179,634.08 for 2022, a decrease of 39.10% from ¥-79,207,658.23 in 2021[21]. - The weighted average return on net assets for 2022 was 2.04%, an increase of 1.40 percentage points from 0.64% in 2021[21]. - In 2022, the company achieved revenue of CNY 1.105 billion, a year-on-year increase of 17.40%, and a net profit of CNY 20.17 million, up 288.89% from the previous year[76]. - The company signed new orders worth CNY 1.504 billion in 2022, with a backlog of unexecuted orders at CNY 1.174 billion, reflecting a 28.01% increase year-on-year[76]. Cash Flow and Investments - The net cash flow from operating activities was negative at ¥-88,217,617.21, a decline of 168.40% compared to ¥128,967,207.03 in 2021[21]. - The operating cash inflow for 2022 was 1,177,712,155.88 yuan, a 4.41% increase from 2021, while operating cash outflow rose by 26.72% to 1,265,929,773.09 yuan[114]. - Investment cash inflow decreased by 93.92% to 27,336,449.45 yuan, while investment cash outflow decreased by 62.00% to 165,930,292.81 yuan, resulting in a net cash flow from investment activities of -138,593,843.36 yuan[115]. - Financing cash inflow increased by 18.83% to 509,616,782.69 yuan, with net cash flow from financing activities reaching 167,392,602.31 yuan, a turnaround from -202,143,361.40 yuan in the previous year[114]. Market and Industry Trends - The industrial internet sector, where the company operates, reached a core industry scale of ¥1,074.9 billion in 2021, with a growth rate of 18.1%[35]. - The domestic industrial Ethernet switch market is projected to grow at a compound annual growth rate of 8.2% from 2022 to 2026[36]. - The overall scale of China's PLC market in 2021 was approximately 14 billion RMB, with foreign brands Siemens, Omron, and Mitsubishi leading the market[37]. - The industrial control computer (IPC) market in China was valued at around 5.692 billion USD in 2022, reflecting a growing demand driven by domestic smart industrialization[37]. - The edge computing server market in China reached 1.68 billion USD in the first half of 2022, with an expected annual growth of 25.6%, projecting a total market size of 4.27 billion USD for the year[37]. - The compound annual growth rate (CAGR) for China's edge computing server market from 2021 to 2026 is projected to be 23.1%, reaching 9.8 billion USD by 2026[37]. Product Development and Innovation - The company focuses on four main product categories: industrial-grade network communication products, operating systems and industrial software, industrial-grade edge control servers, and big data network services[38]. - The Intewell industrial internet operating system is designed for high reliability and security, supporting real-time and non-real-time operations, and is suitable for various industrial applications[41]. - The MaVIEW industrial control programming platform integrates artificial intelligence and big data with real-time control, catering to the needs of the industrial internet[42]. - The company emphasizes innovation in product development, integrating market trends and customer needs into its R&D efforts, particularly with the Intewell operating system[59]. - The company is developing new products including a modular 10G core switch and a time-sensitive networking (TSN) industrial Ethernet switch to enhance its market position[111]. Research and Development - The company has a strong research and development team with 655 personnel, accounting for 37.36% of total employees, and has applied for 435 new patents during the reporting period[73]. - The company has a total of 742 patents, including 556 invention patents, and has established 4 provincial-level research and development centers[74]. - R&D investment amounted to 220.49 million, accounting for 19.96% of operating revenue, a decrease from 23.26% in the previous year[112]. - The number of R&D personnel increased by 21.52% to 655, with a higher proportion of personnel holding bachelor's degrees[112]. Governance and Management - The company held 6 shareholder meetings during the reporting period, ensuring equal rights for all shareholders, particularly minority shareholders[168]. - The board of directors convened 20 meetings, with 7 members including 3 independent directors, maintaining compliance with relevant regulations[169]. - The supervisory board held 13 meetings, ensuring oversight of the company's financial status and compliance of management actions[171]. - The company is committed to maintaining a strong governance structure with regular updates on board member changes and strategic directions[182]. - The board of directors includes a mix of experienced professionals, contributing to strategic decision-making[194]. Risks and Challenges - The company has outlined potential risks and countermeasures in its future development outlook section[4]. - The company faces risks from intensified competition, which may lead to a decline in product gross margins, and is focusing on independent controllable strategies[157]. - The company has been listed on the U.S. Entity List, which affects its procurement of products and technologies subject to export control regulations[158]. - The company emphasizes the importance of maintaining military qualifications and certifications to mitigate risks associated with defense product sales[163].