Prevail(SZ:300710)2023-04-25 16:00Financial Performance - In 2022, the company achieved operating revenue of 530.62 million yuan, a year-on-year decrease of 27.18%[3]. - The net profit attributable to shareholders was -21.51 million yuan, primarily due to lower accounts receivable recovery rates and impairment provisions for goodwill[3]. - The company's operating revenue for 2022 was ¥530,621,381.87, a decrease of 27.18% compared to ¥728,642,547.94 in 2021[23]. - The net profit attributable to shareholders was -¥21,507,242.48, representing a decline of 168.53% from ¥31,382,284.52 in the previous year[23]. - The cash flow from operating activities decreased by 68.12% to ¥21,484,060.09 from ¥67,389,311.43 in 2021[23]. - The basic earnings per share fell to -¥0.2162, down 168.55% from ¥0.3154 in 2021[23]. - The total profit for 2022 was -1,320.07 million yuan, down 128.54% year-on-year[56]. - The company reported a significant drop in net profit after deducting non-recurring gains and losses, with a figure of -¥22,586,347.76 compared to ¥12,546,912.31 in 2021, marking a decline of 280.02%[23]. - The company’s gross margin for the computer, communication, and other electronic equipment manufacturing industry was 28.65%, a decrease of 10.80% compared to the previous year[67]. - The company reported a net profit margin of 12% for 2022, an increase from 10% in 2021[144]. Research and Development - The company plans to maintain R&D investment and actively promote new technologies to enhance market competitiveness[3]. - The company employed 117 R&D personnel, accounting for 25.32% of the total workforce, and held 44 patents as of December 2022[51]. - The company is increasing R&D investment in DOCSIS 3.1 products, IoT, and 5G technologies, with several new products in development[59]. - R&D investment amounted to ¥28,454,274.79 in 2022, representing 5.36% of operating revenue, a slight decrease from 5.41% in 2021[80]. - The company completed several major R&D projects, including an AI-based information flow management platform aimed at enhancing product functionality[77]. - The company is committed to continuous R&D investment and tracking macroeconomic changes to adapt to market demand[126]. Market Strategy and Expansion - The company aims to strengthen the marketing of new products and businesses to create new profit growth points[3]. - The company is focusing on expanding its fiber data communication business, particularly targeting smart terminal devices[57]. - The company is actively expanding its overseas sales of data communication products, with an increase in overseas business orders[58]. - The company has established a comprehensive marketing service network covering over 20 provinces in China[53]. - The company plans to leverage existing network resources in collaboration with China Mobile to reduce operational costs and expand its service offerings in the telecommunications market[112]. - The company is focusing on expanding its market presence through strategic partnerships and investments in technology[97]. - The company plans to introduce mid-to-high-end technical and management talents to strengthen its software and hardware R&D teams[122]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million RMB allocated for potential deals[144]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[198]. Operational Efficiency - The company will optimize management and supply chain processes to reduce costs and improve efficiency[3]. - The company will implement a project budget system and performance assessment linked to salaries to control expenses and improve operational efficiency[123]. - The company aims to enhance its core competitiveness through the integration of various product functionalities and performance improvements in its platforms[77]. - The company is committed to driving technological innovation and expanding its market presence to create greater value for investors[79]. - The company aims to improve operational efficiency and profitability in the upcoming quarters, with strategic initiatives planned for market expansion[102]. Governance and Compliance - The company has established a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and senior management, ensuring effective operation in compliance with relevant laws and regulations[137]. - The company has not engaged in any related party transactions that would result in unfair competition with the controlling shareholder[141]. - The company has committed to maintaining compliance with laws and regulations, ensuring accurate and timely information disclosure to shareholders[188]. - The company has established long-term stable partnerships with key suppliers to secure necessary production supplies[188]. - The company has implemented a share lock-up commitment for 18 months following the completion of its acquisition activities[192]. Future Outlook - The company provided a revenue guidance for 2023, projecting a growth rate of 10% to 12%[144]. - New product launches are expected to contribute an additional 200 million RMB in revenue in 2023[144]. - The company expects a revenue growth of 10% to 12% for the upcoming fiscal year, projecting revenues between 1.65 billion CNY and 1.68 billion CNY[196]. - The company provided a future outlook projecting a revenue growth of 25% for 2023, driven by new product launches and market expansion strategies[199]. Employee Management - The total number of employees at the end of the reporting period is 462, with 14 in the parent company and 448 in major subsidiaries[170]. - The company has implemented a training plan for 2023 to enhance employee skills and knowledge in various areas including management and technical development[173]. - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to 4.7407 million yuan[158]. - The company has a remuneration management system that considers the responsibilities, risks, and operational performance of directors and senior management[156]. Legal and Regulatory Matters - The company reported a direct loss due to legal issues, with potential compensation obligations[200]. - The controlling shareholders have made commitments to cover all costs related to the company's compliance with legal requirements[200]. - The company is ensuring that its subsidiaries will not suffer any losses due to these legal matters[200].