ECT(SZ:300679)2023-04-26 16:00Financial Performance - The company's operating revenue for 2022 was ¥2,969,578,467.83, a decrease of 8.51% compared to ¥3,245,720,418.35 in 2021[171]. - The net profit attributable to shareholders for 2022 was ¥443,185,825.30, an increase of 19.27% from ¥371,586,103.87 in 2021[171]. - The net profit after deducting non-recurring gains and losses was ¥291,177,075.23, a decrease of 14.70% compared to ¥341,362,595.36 in 2021[171]. - The net cash flow from operating activities was ¥325,375,736.14, down 37.27% from ¥518,698,472.75 in 2021[171]. - The total assets at the end of 2022 were ¥5,809,782,180.13, a decrease of 2.07% from ¥5,932,474,150.29 at the end of 2021[171]. - The net assets attributable to shareholders increased by 6.55% to ¥4,118,996,064.93 at the end of 2022 from ¥3,865,921,473.62 at the end of 2021[171]. - The basic earnings per share for 2022 was ¥1.06, an increase of 20.45% from ¥0.88 in 2021[171]. - The company reported a significant non-recurring gain of ¥148,923,306.79 from the disposal of non-current assets in 2022[178]. - The weighted average return on equity for 2022 was 11.26%, up from 10.19% in 2021[171]. Assets and Liabilities - Total liabilities decreased from ¥1,851,624,757.64 to ¥1,451,079,849.59, a reduction of approximately 21.6%[4]. - Owner's equity increased from ¥4,080,849,392.65 to ¥4,358,702,330.54, reflecting a growth of about 6.8%[4]. - Total assets decreased from ¥5,932,474,150.29 to ¥5,809,782,180.13, a decline of approximately 2.1%[4]. - Current assets decreased from ¥3,232,741,722.48 to ¥2,799,430,419.38, a drop of about 13.4%[7]. - Non-current assets increased from ¥2,179,359,439.04 to ¥2,552,430,339.57, an increase of approximately 17.1%[7]. - The company's retained earnings rose from ¥1,432,206,776.62 to ¥1,683,473,556.24, an increase of about 17.5%[4]. - The capital reserve increased from ¥1,993,091,828.52 to ¥2,004,378,541.43, a growth of approximately 0.6%[4]. - The company reported a decrease in short-term borrowings from ¥292,394,367.68 to ¥0.00, indicating a significant reduction in debt[7]. - The company has no long-term borrowings reported, maintaining a debt-free status in this category[7]. Governance and Management - The total pre-tax remuneration for the current and former directors, supervisors, and senior management during the reporting period amounted to RMB 8.5876 million[28]. - The independent directors' allowance was set at RMB 96,000 per year (pre-tax) based on industry standards[25]. - The remuneration for senior management in 2022 consisted of salary plus annual bonuses, linked to individual performance and company operating results[28]. - The company held multiple board meetings throughout the reporting period, with significant decisions documented in public announcements[30]. - The remuneration for the chairman was RMB 1.3661 million, while the general manager received RMB 1.1445 million[29]. - The company’s independent directors did not receive additional remuneration beyond their allowances[28]. - The total number of directors, supervisors, and senior management receiving remuneration was 17[28]. - The remuneration for the vice general manager was RMB 915,300, reflecting the company's performance-based pay structure[29]. - The company’s remuneration decision-making process involved reviewing local and industry salary levels[24]. - The remuneration for the chairman and general manager represented a significant portion of the total remuneration paid to senior management[29]. - The company held a total of 13 board meetings during the reporting period, with attendance rates varying among directors[34]. - The audit committee conducted 6 meetings, reviewing the 2021 annual report and the 2022 first quarter report, confirming that the reports fairly reflect the company's operational status[40]. - The company reported that the 2022 semi-annual financial report accurately reflects its operational performance, with the audit committee affirming the internal audit department's key work[40]. - No directors raised objections to company matters during the reporting period, indicating a consensus on decisions made[35]. - The company has not experienced any instances of directors failing to attend board meetings consecutively[34]. - The audit committee approved changes in accounting estimates, confirming compliance with relevant regulations and no harm to shareholder interests[40]. - The company plans to continue its focus on compliance and long-term development strategies as discussed in board meetings[40]. - The company is committed to upholding the rights and interests of all shareholders through diligent governance practices[36]. - The company has outlined its future strategies in board meetings, emphasizing the importance of effective communication and decision-making processes[40]. Employee Management and Development - The company reported a total of 5,710 employees at the end of the reporting period, with 4,149 in production, 97 in sales, 908 in technology, 60 in finance, and 496 in administration[50]. - The company has implemented a stock incentive plan aimed at attracting and retaining key personnel, enhancing team cohesion and core competitiveness[49]. - The company has established a comprehensive employee training system, focusing on various training programs to improve employee skills and support career development[53]. - The company has no retired employees requiring financial support, indicating a focus on maintaining a stable workforce[50]. - The company’s remuneration policy is designed to align with market trends and industry standards, ensuring fair compensation for employees[46]. - The company’s strategic committee has approved plans for long-term development and major investment projects, ensuring no adverse impact on normal operations[49]. - The company has a total of 0 retired employees requiring financial support, reflecting a focus on workforce stability[50]. Dividend and Profit Distribution - The company distributed a cash dividend of RMB 3.600008 per 10 shares, totaling RMB 150,889,115.30, based on a total share capital of 419,135,500 shares after excluding repurchased shares[54]. - The company plans to distribute a cash dividend of RMB 1.90 per 10 shares, totaling RMB 79,817,575, which represents 18.01% of the total net profit attributable to shareholders for the year 2022[59]. - The total cash dividend, including other methods, amounts to RMB 179,853,419.12, which is 100% of the distributable profit[59]. - The company has not proposed any stock bonus or capital reserve transfer for the current year[59]. - The company’s cash dividend policy complies with its articles of association and has been transparently executed[55]. - The company has no plans for capital reserve transfers or stock bonuses for the reporting period, focusing on cash dividends instead[54]. - The cash dividend distribution plan complies with the company's articles of association and does not harm the interests of minority investors[59]. - A stable cash dividend policy has been implemented since the company went public, with clear distribution standards and ratios[200]. Environmental Compliance and Social Responsibility - The company reported a total wastewater discharge of 253,169 tons in 2022, which complies with the approved annual discharge limit of 880,578 tons[129]. - The wastewater treatment facility at the subsidiary Henghe Dingfu has a processing capacity of 6,200 tons per day, meeting normal production needs[129]. - Henghe Dingfu's wastewater discharge indicators, including COD, SS, TP, NH3-N, TN, and total cyanide, all meet the standards set by GB8978-1996[129]. - The company paid a total of 22,007.82 yuan in environmental protection taxes for the year 2022[140]. - The subsidiary Dielian Xitian ceased its water washing process in July 2022, eliminating the generation of new industrial wastewater[131]. - Henghe Dingfu has established a wastewater station to treat wastewater, ensuring compliance with discharge standards through filtration, coagulation, sedimentation, and neutralization[129]. - The company has implemented an emergency response plan for environmental incidents, with specific plans for each subsidiary[139]. - The company faced an administrative penalty of RMB 319,000 due to environmental violations, including insufficient self-monitoring of 15 waste gas outlets, with only 5 monitored by the inspection date[143]. - The company has implemented corrective measures, ensuring pH levels of wastewater discharge are maintained between 6 and 9, complying with discharge standards[144]. - The company has committed to enhancing environmental awareness and compliance with environmental laws following the penalty incident[143]. - The company has submitted a specific rectification plan to the Suzhou Wuzhong Ecological Environment Bureau in response to the administrative penalty[143]. - The company will conduct biannual self-monitoring ahead of schedule to ensure compliance with monitoring requirements for all outlets[143]. - The company has established a system for weighing hazardous waste before storage, ensuring proper labeling and record-keeping[143]. - The company actively participates in social responsibility, promoting employment in impoverished areas and helping achieve poverty alleviation[195]. - The company reported donations of 110,000 yuan to organizations such as the Shenzhen Courage Foundation during the reporting period[195]. Risk Management and Compliance - The company has implemented a comprehensive financial management system to mitigate financial risks and ensure compliance with relevant laws and regulations[82]. - The company has established a robust procurement and payment management system to ensure stable supply chain operations[87]. - The sales and receivables management system has been designed to monitor sales processes and manage accounts receivable effectively[88]. - The company has developed a production management system to standardize production processes and mitigate potential risks[89]. - The company has a clear policy for handling the rights of shareholders and managing employee stock ownership plan changes[74]. - The company established a comprehensive asset management system to control key processes such as inventory verification, asset custody, and disposal, ensuring the safety and integrity of physical assets[90]. - A complete quality management system was implemented, detailing product inspection processes and corrective measures to enhance product quality and meet market demands[91]. - The company developed a robust R&D management system, focusing on new product development and ensuring efficient and controllable research processes[94]. - The company has a well-defined contract management system to ensure compliance with legal requirements and protect its legitimate rights and interests[95]. - The company revised its external guarantee management policy to effectively control risks and protect financial safety, with no violations reported during the reporting period[96]. - The company has established a management system for related party transactions to ensure fairness and transparency, safeguarding the interests of non-related shareholders[97]. - The company has a dedicated fundraising management system to ensure the proper use and disclosure of raised funds, with regular audits conducted by the finance department[98]. - The company has implemented a series of governance systems to enhance information disclosure accuracy and timeliness, including the establishment of an investor relations management system[101]. - The company has identified potential operational risks and encourages investors to remain aware of these risks in future plans[113]. - The company’s financial report for the year has been confirmed as true, accurate, and complete by the responsible executives[146]. - The company adheres to legal regulations and governance standards to protect shareholder rights and ensure transparency[197]. - The company has established a monitoring system for wastewater discharge, with real-time data connected to the ecological environment bureau[134]. Corporate Information - The company’s stock code is 300679, and it operates under the name Electric Connector Technology Co., Ltd.[165]. - The company is located in the Xitian Community of the Jinxiu Industrial Park, Guangming District, Shenzhen[165]. - The company’s international website is http://www.ectsz.com/[165].