Hamaton(SZ:300643)2023-04-25 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,069,367,828.36, representing a 4.55% increase compared to ¥1,022,865,599.76 in 2021[19]. - The net profit attributable to shareholders for 2022 was ¥133,758,454.38, a 21.32% increase from ¥110,256,905.28 in 2021[19]. - The net cash flow from operating activities increased by 25.60% to ¥144,458,003.78 in 2022, up from ¥115,012,527.86 in 2021[19]. - The total assets at the end of 2022 were ¥1,383,248,276.53, reflecting a 3.15% increase from ¥1,341,054,037.54 at the end of 2021[19]. - The company's basic earnings per share for 2022 was ¥0.58, an increase of 11.54% compared to ¥0.52 in 2021[19]. - In 2022, the company achieved a revenue of 1.069 billion yuan, representing a year-on-year growth of 4.55%, and a net profit of 124 million yuan, with a year-on-year increase of 22.43%[34]. - Total revenue for 2022 reached ¥1,069,367,828.36, representing a year-on-year increase of 4.55% compared to ¥1,022,865,599.76 in 2021[67]. - The sales of the Internet of Vehicles remote information management system surged by 247.12%, with revenue of ¥91,752,815.43 compared to ¥26,432,388.08 in 2021[67]. - Revenue from North America increased by 11.44% to ¥342,624,147.89, while revenue from China decreased by 31.08% to ¥129,460,821.18[68]. - The gross profit margin for automotive parts improved to 31.41%, up by 1.12% from the previous year[70]. Risk Management - The company faces risks including macroeconomic fluctuations, exchange rate changes, and major raw material price volatility[3]. - The company has a comprehensive risk management strategy to address potential risks related to customer concentration and goodwill impairment from acquisitions[3]. - The company has implemented a foreign exchange risk management system to mitigate risks associated with currency fluctuations, ensuring compliance with regulatory requirements[95]. - The company emphasizes the importance of managing accounts receivable to prevent overdue situations, which could lead to risks in derivative trading[94]. - The company is actively addressing risks related to macroeconomic fluctuations and raw material price volatility, which could impact its operating performance[113]. - The company plans to optimize its sales strategy to mitigate risks associated with raw material price fluctuations and maintain profitability[114]. Product Development and Innovation - The company emphasizes the development of new low-power communication technologies for sensors, improving performance and longevity[12]. - The company has developed a new NLP sensor based on the PPM sensor, which is currently in the road testing phase, offering improved signal stability and broader chip applicability[40]. - The company is developing new wireless technologies and sensor systems aimed at enhancing vehicle safety and management for commercial fleets[80]. - Future R&D projects include advancements in Bluetooth technology and cloud-based sensor programming to improve product competitiveness and market share[80]. - The company has successfully launched a remote information management system for TPMS products, aligning with market demands[57]. - The company has developed a low-power Bluetooth TPMS, which can provide aftermarket replacement parts for Tesla's winter tire market and also supply original equipment for other new energy vehicle manufacturers[118]. - The company is focusing on the development of a leak-proof decoupling pipeline system for commercial vehicles to expand its international market presence[112]. Market Presence and Strategy - The company operates subsidiaries in the US and UK, enhancing its international market presence[11]. - The company has established long-term relationships with major automotive manufacturers such as Daimler, Volvo, and Scania, positioning itself as a key supplier in the commercial vehicle and non-road mobile machinery sectors[45]. - The company is accelerating the construction of its production base in Thailand to lower production costs and enhance its international layout[112]. - The company is focusing on expanding its market presence and enhancing its core technology capabilities in the vehicle networking sector[117]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[182]. Governance and Management - The financial report is guaranteed to be true, accurate, and complete by the company's management, including the CEO and accounting head[3]. - The company has a complete and independent financial accounting system, with no shared bank accounts with the controlling shareholder[127]. - The board of directors consists of 7 members, including 3 independent directors, ensuring a diverse governance structure[134]. - The company’s chairman, Zhang Jianer, has been in his position since 1993, indicating strong leadership continuity[134]. - The company has established clear internal control measures regarding the approval and management of foreign exchange derivative transactions[94]. - The company emphasizes compliance with relevant laws and regulations in its governance and operational decisions[151]. Shareholder Returns and Dividends - The company reported a profit distribution plan, proposing a cash dividend of 1.18 RMB per 10 shares based on a total of 230,000,000 shares[3]. - The company declared a cash dividend of 1.18 CNY per 10 shares, totaling 27,140,000 CNY, which represents 9.14% of the distributable profit[161]. - The total distributable profit for the year was 297,020,933.86 CNY, with no cash dividends proposed in previous years despite positive earnings[161]. - The company has a cash dividend distribution plan that requires a minimum of 20% of profits to be distributed as cash dividends during its growth phase[161]. - The company has maintained a stable profit distribution policy, ensuring a high proportion of cash dividends to shareholders[172]. Research and Development - The company has obtained 251 patents, including 161 invention patents, with 101 domestic patents and 150 overseas patents[35]. - The number of R&D personnel slightly decreased by 0.76% to 130 in 2022, with a notable increase in the number of PhD holders from 1 to 3[81]. - Investment in R&D increased by 30% in 2022, focusing on developing new technologies and enhancing existing product lines[181]. - The company is investing 50 million in R&D for new technologies aimed at enhancing product efficiency[143]. Employee and Social Responsibility - The company emphasizes employee welfare and growth, providing a supportive work environment[173]. - The company actively participates in social responsibility initiatives, including community support and environmental activities[175]. - The company has established a volunteer team for environmental protection activities[175]. - The company completed 41 training projects during the reporting period, with a total of 820 participants[158]. Future Outlook - The company provided a future outlook, projecting a revenue growth of 25% for 2023, driven by new product launches and market expansion strategies[183]. - The company aims to launch three new products in 2023, which are anticipated to contribute an additional 500 million RMB in revenue[181]. - The company plans to distribute cash dividends, with a minimum proportion of 20% of profits allocated for distribution[197].