Hiecise(SZ:300809)2023-04-21 16:00Financial Performance - The company's operating revenue for 2022 was ¥336,313,437.06, a decrease of 17.86% compared to ¥409,455,130.85 in 2021[21]. - The net profit attributable to shareholders for 2022 was ¥47,211,364.09, down 38.35% from ¥76,575,942.23 in 2021[21]. - The net profit after deducting non-recurring gains and losses was ¥21,301,955.23, a decline of 53.30% from ¥45,609,885.22 in 2021[21]. - The net cash flow from operating activities increased by 37.51% to ¥61,233,215.22 in 2022, compared to ¥44,528,928.44 in 2021[21]. - The total assets at the end of 2022 were ¥2,072,738,488.94, reflecting a 9.21% increase from ¥1,897,923,258.19 at the end of 2021[21]. - The company's basic earnings per share for 2022 was ¥0.30, down 38.78% from ¥0.49 in 2021[21]. - The weighted average return on equity for 2022 was 3.24%, a decrease of 2.16% from 5.40% in 2021[21]. - The company received government subsidies amounting to ¥3,093,337.85 in 2022, down from ¥11,847,604.19 in 2021[27]. - The company reported a total of ¥25,909,408.86 in non-recurring gains for 2022, compared to ¥30,966,057.01 in 2021[27]. Challenges and Strategic Responses - The company faced significant challenges in 2022 due to a shortage of key components, leading to extended delivery times of 1 to 2 years for some imported parts, which adversely affected overall production and revenue[4]. - Rising prices of raw materials and purchased components have led to increased production costs, impacting the company's financial performance despite efforts to mitigate these costs through collaboration with partners[6]. - The company has taken proactive measures to address the impact of global factors on its supply chain and production processes[4]. - The company is implementing strategic procurement plans and advancing the development of its self-researched CNC systems to reduce reliance on imported components[4]. - The company has established a good communication mechanism with upstream and downstream partners to share risks associated with cost increases[6]. - The company has implemented strategies such as early procurement of raw materials and the development of a strategic procurement plan for key components to mitigate the impact of component shortages[47]. Market Position and Industry Trends - The company is positioned in the precision grinding machine industry, which is experiencing increased demand for high-performance equipment due to industrial upgrades and policy support for domestic manufacturing[30][32]. - In 2022, the machine tool industry experienced a revenue decline of 0.3%, with metal cutting machine tools seeing a 5.6% decrease in revenue[33]. - The industry faced a loss rate of 19.7%, with metal cutting machine tools having a loss rate of 18.8%[33]. - The production volume of metal cutting machine tools in China decreased by 13.1% year-on-year, totaling 572,000 units[33]. - New orders for key enterprises in the metal cutting machine tool sector fell by 10.9% year-on-year, while backlog orders increased by 0.5%[33]. Research and Development - The company is focusing on the development and application of grinding technology in the non-ferrous metal industry, particularly for copper and aluminum foil, to enhance its core precision grinding technology[47]. - The company has developed the HCK2000 CNC system, which has been successfully integrated into its roller grinding machines, improving grinding precision and efficiency, and is now being applied across various industries[51]. - The company has established a joint research center with Tsinghua University to address critical technical challenges in precision grinding equipment, aiming to transition from "Made in China" to "Created in China"[49]. - The company has launched the inner and outer circle composite grinding machine (sub-micron grinding series), achieving grinding precision below 1μ, positioning it as a leading product in the domestic market[50]. - The company is developing advanced technologies, including a digital virtual simulation for CNC systems, aimed at reducing production cycles by 30% and non-productive time by 20%[73]. - The company aims to enhance its innovation capabilities in high-end precision grinding equipment through these R&D projects[75]. Corporate Governance and Management - The company has a robust governance structure in compliance with relevant laws and regulations, ensuring independent operation and decision-making[109]. - The company has established a mechanism linking executive compensation to company performance to attract and retain talent[110]. - The company has independent financial and operational capabilities, ensuring no shared resources with the controlling shareholder[114]. - The company is committed to fulfilling social responsibilities and maintaining a balance of interests among stakeholders[111]. - The company has established a sound internal management structure, independently exercising management authority without any institutional confusion with controlling shareholders or other enterprises they control[115]. Shareholder Relations and Dividends - The company reported a cash dividend policy where the total cash dividend amounts to 25,217,600.00 RMB, which is 100% of the profit distribution total[144]. - The company plans to distribute a cash dividend of 1 RMB per 10 shares, based on a total share capital of 252,176,000 shares as of the end of the reporting period[144]. - The company has established a clear profit distribution policy, detailing conditions and proportions for cash dividends[159]. - The company has committed to ensuring that investors' rights are protected in case of any false statements in the prospectus[175]. Employee Management and Development - The company emphasizes talent development and aims to build a comprehensive talent pool to support sustainable growth[102]. - The company conducts regular training programs to enhance employee skills, including both internal and external training sessions[141]. - The total number of employees at the end of the reporting period was 557, with 539 in the parent company and 18 in major subsidiaries[139]. - The employee composition includes 379 production personnel, 26 sales personnel, 92 technical personnel, 10 financial personnel, and 50 administrative personnel[139]. Compliance and Risk Management - The company has implemented effective internal control measures to prevent fund misappropriation and enhance risk management[149]. - The management performance evaluation mechanism is directly linked to their compensation, ensuring accountability and performance improvement[148]. - The company emphasizes strict compliance with laws and regulations to protect shareholder and creditor rights, ensuring timely and accurate information disclosure[159]. - The company has organized compliance training for management and employees to improve governance and risk awareness[150].