SLIE(SZ:300543)2023-04-26 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,740,683,200.80, a decrease of 25.32% compared to ¥2,330,699,926.27 in 2021[22]. - The net profit attributable to shareholders for 2022 was ¥74,466,802.71, down 30.40% from ¥106,994,253.66 in 2021[22]. - The basic earnings per share for 2022 was ¥0.28, a decrease of 30.00% from ¥0.40 in 2021[22]. - The total assets at the end of 2022 were ¥2,085,549,962.06, a decrease of 7.92% from ¥2,264,889,209.63 at the end of 2021[22]. - The company reported a significant increase in cash flow from operating activities in Q1 2022, amounting to ¥88,561,810.24[24]. - The company received government subsidies amounting to ¥8,086,806.60 in 2022, compared to ¥4,087,554.40 in 2021[28]. - The company has seen a 6.36% increase in net assets attributable to shareholders, totaling ¥1,095,850,230.23 at the end of 2022[22]. - The weighted average return on equity for 2022 was 7.00%, down from 10.77% in 2021[22]. - The total revenue for 2022 was CNY 1,740,683,200.80, a decrease of 25.32% compared to the previous year[64]. - The net profit attributable to shareholders was CNY 74,466,802.71, down 30.4% compared to the previous year, with a net profit after deducting non-recurring gains and losses of CNY 63,082,452.64, a decline of 37.53%[59]. Cash Flow and Investments - The cash flow from operating activities for 2022 was ¥350,887,088.18, an increase of 251.13% compared to -¥232,175,005.21 in 2021[22]. - The net cash flow from operating activities turned positive at ¥350,887,088.18 in 2022, a 251.13% improvement compared to a loss of ¥232,175,005.21 in 2021[77]. - Investment cash inflow surged by 289.12% to ¥205,017,762.95 in 2022, while investment cash outflow decreased by 24.32% to ¥298,104,029.51[77]. - The net cash flow from investment activities improved by 72.72%, resulting in a loss of ¥93,086,266.56 in 2022 compared to a loss of ¥341,223,624.41 in 2021[77]. - The company reported a significant reduction in inventory, with a decrease of 29.67% year-on-year[65]. - The total investment during the reporting period was CNY 58,740,741.91, a decrease of 47.76% compared to the previous year[85]. Research and Development - The company reported a 20.53% year-over-year increase in R&D expenses, totaling 98.2843 million yuan, to enhance product design and meet customer demands[48]. - The company’s R&D expenses increased by 20.53% to CNY 98,284,316.37, indicating a focus on innovation[72]. - The number of R&D personnel increased by 9.42% from 329 in 2021 to 360 in 2022, with R&D personnel accounting for 15.80% of the total workforce[75]. - R&D investment amounted to ¥98,284,316.37 in 2022, representing 5.65% of total revenue, up from 3.50% in 2021[75]. - The company is focusing on developing new consumer home appliance products and accelerating R&D in motor products and energy storage solutions[59]. Market and Competition - Approximately 50% of the company's products are exported, primarily settled in USD and HKD, exposing the company to exchange rate fluctuations[5]. - Increased competition in the smart controller market is anticipated, necessitating continuous technological innovation and enhanced R&D capabilities to maintain market share[5]. - The global smart controller market is projected to reach approximately $2 trillion by 2024, with the domestic market expected to reach ¥3.8 trillion[34]. - The smart controller industry is experiencing a shift towards domestic manufacturers, with an increase in market share for local companies as they enhance their technical capabilities[35]. - The company has seen a decrease in orders and revenue due to the impact of the global economic downturn and weak consumer electronics market[48]. Production and Operations - The company is expanding its production capacity through self-built and leased facilities, with ongoing construction in Hefei and Vietnam, aimed at optimizing capacity after completion[48]. - The company has established specialized departments and production lines to cater to diverse customer needs, significantly reducing the time for new product development and delivery[53]. - The company is actively involved in the research and development of new products in collaboration with downstream clients, driving innovation and product line upgrades[39]. - The company has completed production base expansion projects in Hefei, Anhui, and Binh Duong, Vietnam, to improve capacity balance and meet customer delivery demands, thereby enhancing competitiveness in domestic and international markets[106]. Corporate Governance and Compliance - The company maintains a transparent information disclosure system to ensure all stakeholders receive timely and accurate information, enhancing investor relations[118]. - The company operates independently from its controlling shareholders in all aspects, ensuring complete separation in business, personnel, assets, and finance[120]. - The company has established an independent financial department with a sound financial accounting system, ensuring no interference from the controlling shareholder in financial activities[124]. - The company has implemented a comprehensive quality control system, adhering to international standards and certifications such as ISO9001, ISO14001, and ISO45001[55]. - The company has established a more scientific and effective internal control system to ensure compliance and asset security, with no major internal control deficiencies reported in 2022[160]. Employee Relations and Welfare - The company has a total of 1,632 production personnel, 76 sales personnel, 360 technical personnel, 31 financial personnel, and 180 administrative personnel[151]. - The employee training program emphasizes internal talent development and combines external and internal training to enhance core competitiveness[153]. - Employee welfare initiatives included free health check-ups and various cultural activities, fostering a sense of belonging among employees[169]. - The company has established a competitive salary system based on education, work experience, and technical capabilities, along with a comprehensive welfare system[152]. - The company emphasizes employee development, providing extensive training opportunities across various areas, including pre-employment education and on-the-job skill training[169]. Profit Distribution and Shareholder Relations - The company reported a cash dividend of 0.75 RMB per 10 shares based on a total of 268,126,820 shares[5]. - The total cash dividend distributed to shareholders for the year 2022 amounted to RMB 20,109,511.50, representing 100% of the profit distribution total[156]. - The company plans to ensure that cash dividends account for no less than 20% of the distributable profit, reflecting a commitment to shareholder returns[177]. - The company’s profit distribution plan requires approval from the board and shareholders, with a two-thirds majority needed for any changes[178]. - The company has a long-term commitment to avoid conflicts of interest and related party transactions that could significantly impact operations[178].