LSKJ(SZ:300680)2023-04-17 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,148,296,731.11, representing a 23.51% increase compared to ¥929,697,401.75 in 2021[21]. - The net profit attributable to shareholders decreased by 22.60% to ¥75,574,958.30 in 2022 from ¥97,646,056.71 in 2021[21]. - The cash flow from operating activities showed a significant decline, with a net outflow of ¥51,606,196.01 in 2022 compared to an inflow of ¥21,383,302.06 in 2021, marking a 341.34% decrease[21]. - The total assets increased by 70.62% to ¥2,872,252,791.91 at the end of 2022, up from ¥1,683,407,160.77 at the end of 2021[21]. - The company reported a basic earnings per share of ¥0.37 in 2022, down 22.92% from ¥0.48 in 2021[21]. - The company achieved a revenue of 1,148.30 million yuan in 2022, representing a year-on-year growth of 23.51%[64]. - The automotive parts sector contributed CNY 1,137,589,494.3, accounting for 99.07% of total revenue, with a year-on-year growth of 27.05%[71]. - Revenue from new energy products surged to CNY 415,396,408.03, a significant increase of 147.41% from CNY 167,898,688.60 in 2021[71]. - The precision machining sector saw a decline in revenue, dropping by 68.76% to CNY 10,707,236.80 from CNY 34,275,236.24 in 2021[71]. - The company reported a total revenue of 1.5 billion yuan for the fiscal year 2022, representing a year-over-year increase of 15%[131]. Dividend Distribution - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders, based on a total of 231,024,278 shares[3]. - The total cash dividend distributed to shareholders was RMB 23,102,427.80, representing 100% of the profit distribution amount[154]. - The company’s cash dividend policy aligns with its articles of association and has been approved by the shareholders' meeting[153]. Market and Industry Trends - The automotive industry in China saw a total production and sales volume of 27.02 million and 26.86 million vehicles in 2022, respectively, with year-on-year growth of 3.4% and 2.1%[31]. - New energy vehicle sales reached 7.06 million units in 2022, representing a 96.9% increase year-on-year, with a market penetration rate of 25.6%[32]. - The company focuses on three main product segments: EGR systems, new energy, and precision components, aligning with industry trends towards high-end traditional fuel vehicles and comprehensive new energy vehicles[31]. - By 2025, new energy vehicles are expected to account for approximately 20% of total vehicle sales, with a target of 40% by 2030[40]. - The market for dual-motor new energy vehicles is expanding, with popular models like Tesla Model 3 and BYD Han EV offering dual-motor versions[40]. Research and Development - The company is committed to quality management, adhering to international standards such as ISO9001 and IATF16949:2016[13]. - The company is focusing on three main business segments: EGR systems, new energy vehicles, and precision components, with significant investments in R&D for hydrogen fuel cell components and natural gas commercial vehicle parts[42]. - The company has initiated several R&D projects aimed at expanding the application of EGR valves and coolers in new energy vehicles, targeting improved efficiency and reduced emissions[80]. - R&D investment amounted to ¥51,952,115.68 in 2022, representing 4.52% of total revenue, an increase from 4.18% in 2021[83]. - The number of R&D personnel increased by 50% from 96 in 2021 to 144 in 2022, with a proportion of 20.54% of total employees[83]. Operational Challenges - The net cash flow from operating activities decreased by ¥73,989,500, a decline of 341.34% compared to the previous year, primarily due to increased material payments[85]. - The company faces risks from potential changes in automotive industry policies that could adversely affect its operations and performance if it fails to adapt to new market conditions[111]. - Rising raw material costs, particularly for silicon steel used in electric motor cores, could negatively affect the company's gross margin and overall performance[113]. - The company acknowledges a technology gap compared to leading global competitors, which could impact its future operations if it fails to innovate and maintain competitive advantages[112]. Corporate Governance - The company emphasizes the importance of a robust governance structure to protect shareholder interests and ensure compliance with relevant regulations[117]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[118]. - The company established a comprehensive performance evaluation and incentive mechanism, launching the third employee stock ownership plan to enhance management accountability[119]. - The audit committee oversees the implementation of internal audit systems and reviews financial information, ensuring compliance with internal control standards[120]. - The company maintains independence from its controlling shareholders in terms of business operations, personnel, assets, and finances, ensuring autonomous decision-making[122]. Employee Engagement and Development - The company has established a comprehensive salary management system and performance evaluation mechanism to enhance employee motivation and responsibility[149]. - The company plans to conduct skill training for employees, including a junior assembly fitter class, with plans for intermediate and advanced classes in 2023[150]. - The total number of employees receiving salaries during the reporting period was 709[148]. - The company has a total of 15 employees with a master's degree or above, and 157 with a bachelor's degree[148]. Strategic Initiatives - The company is actively engaging with leading domestic and international enterprises to lay a solid foundation for the sustainable development of its new energy business[52]. - The company is considering strategic acquisitions to enhance its technology portfolio, with a budget of 500 million yuan allocated for potential deals[135]. - The management team emphasized a focus on sustainability initiatives, aiming to reduce carbon emissions by 25% over the next five years[135]. - The company has successfully completed a merger with a local tech firm, which is expected to increase operational capacity by 30%[135]. Financial Management and Investments - The total investment amount for the reporting period was ¥19,238,775.50, representing an increase of 811.32% compared to the same period last year, which was ¥2,111,100.00[93]. - The company raised a total of ¥715,610,991.70 from issuing 29,172,890 shares at ¥24.53 per share in 2022, with net proceeds after fees amounting to ¥707,610,991.70[98]. - The company has a structured approach to guarantees, with specific types categorized as general guarantees[194]. - The guarantees are primarily for operational support, reflecting the company's strategy to bolster its subsidiaries[194]. Compliance and Risk Management - The company has actively engaged in internal audits and compliance with regulatory requirements[145]. - The company has not reported any significant internal control deficiencies during the reporting period[161]. - The company has committed to fulfilling its obligations regarding stock lock-up periods following the issuance of shares[173]. - The company has not faced any major litigation or arbitration matters during the year[180].