JOVE(SZ:300814)2023-04-24 16:00Financial Performance - The company reported a total revenue of 175,796,000.00 RMB for the year 2022, with a cash dividend of 1.60 RMB per 10 shares distributed to all shareholders[4]. - The company's operating revenue for 2022 was CNY 1,536,725,440.77, representing a 6.69% increase compared to CNY 1,440,351,927.97 in 2021[18]. - The net profit attributable to shareholders for 2022 was CNY 96,598,179.55, a slight increase of 0.31% from CNY 96,298,640.86 in 2021[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 25.24% to CNY 67,965,760.74 in 2022 from CNY 90,916,704.09 in 2021[18]. - The company's cash flow from operating activities increased by 19.39% to CNY 85,250,710.16 in 2022, compared to CNY 71,406,703.71 in 2021[18]. - The total assets at the end of 2022 were CNY 1,850,268,461.70, a 1.54% increase from CNY 1,822,165,921.68 at the end of 2021[18]. - The net assets attributable to shareholders at the end of 2022 were CNY 1,128,136,231.42, reflecting a 6.94% increase from CNY 1,054,932,745.96 at the end of 2021[18]. - The company achieved total operating revenue of 153,672.54 million yuan, representing a year-on-year growth of 6.69%[39]. - Main business revenue was ¥1,424,879,631.39, accounting for 92.72% of total revenue, with a year-on-year growth of 6.39%[56]. - The company’s profit distribution policy includes a preference for cash dividends, contingent on profitability and the absence of major investment plans[157]. Market Expansion and Development - The company is focused on expanding its market presence and developing new products, although specific figures or timelines were not disclosed in the report[4]. - The company has outlined its future development outlook, which includes strategies for entering new markets and enhancing product offerings[4]. - The company has established subsidiaries in Hong Kong and Thailand to support its operational and market expansion efforts[10]. - The company is actively pursuing overseas market expansion, particularly through the construction of a factory in Thailand[96]. - The company plans to enhance its product offerings through several R&D projects, including high-frequency aluminum substrates and embedded inductors[64]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million RMB allocated for potential deals[150]. - The company plans to enhance production scale and technology in the PCB sector, focusing on new energy vehicles, photovoltaics, and data centers[96]. Research and Development - The company invested 7,402.72 million yuan in R&D, marking a year-on-year increase of 14.55%, which constituted 4.82% of the operating revenue[52]. - The company’s R&D investment in 2022 amounted to ¥74,027,230.94, representing 4.82% of total revenue, an increase from 4.49% in 2021[65]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product efficiency[150]. - New product development includes high thermal conductivity materials for PCBs and advanced packaging technologies, aiming for significant sales in 2023[97]. Risk Management - The company has acknowledged potential risks including macroeconomic fluctuations, market competition, and raw material price volatility, which could impact future performance[4]. - The company has identified various risks associated with overseas investments and new product development, which will be monitored closely[4]. - The company faces risks from international trade tensions that could impact its overseas sales and profitability[105]. - The company is actively monitoring raw material price trends and adjusting procurement strategies to manage cost pressures[104]. - The company is focused on developing new materials and improving material utilization to address raw material price volatility risks[104]. Corporate Governance - The board of directors has approved a profit distribution plan based on the aforementioned revenue figure, indicating a commitment to returning value to shareholders[4]. - The report highlights the company's commitment to transparency and legal compliance, with all board members present for the report's approval[4]. - The board of directors consists of 6 members, including 2 independent directors, complying with legal requirements[116]. - The supervisory board has 3 members, including 1 employee representative, meeting legal and regulatory standards[117]. - The company has established a performance evaluation and incentive mechanism linking employee compensation to company performance[118]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with investors[120]. - The company has designated a board secretary to manage investor relations and enhance communication with shareholders[121]. Environmental Compliance - The company adheres to strict environmental standards, including the discharge limits for wastewater and air pollutants[173]. - The company has established a comprehensive environmental protection regulatory compliance system[173]. - The company is actively monitoring and managing its pollutant discharge levels to align with environmental standards[178]. - The company has implemented effective measures to monitor and comply with environmental regulations[175]. - The company is focused on improving its wastewater treatment processes to reduce pollutant discharge in the coming years[178]. - The company has received multiple environmental approvals and has undergone inspections for its wastewater treatment facilities since 2004[190]. - The company has implemented an online monitoring system for wastewater discharge, tracking parameters such as COD, ammonia nitrogen, and total copper, linked to various environmental platforms[186]. Employee Engagement and Welfare - The total number of employees at the end of the reporting period was 2,043, with 1,021 in the parent company and 1,022 in major subsidiaries[153]. - The company employs 1,472 production personnel, 68 sales personnel, and 249 technical personnel, reflecting a diverse workforce[153]. - The company has established a training mechanism to enhance employee skills and overall management levels through various internal and external training programs[155]. - The company has a total of 2,043 employees who received compensation during the reporting period, indicating full employment engagement[153]. - The company has a structured remuneration decision-making process approved by the board and shareholders[143]. Financial Management - The company has successfully implemented a cash management strategy, utilizing 50 million RMB of idle funds for investment purposes[150]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 7.21 million[144]. - The company has maintained a consistent payment schedule for the remuneration of directors and senior management throughout the reporting period[143]. - The company has not reported any changes in the use of raised funds during the reporting period[85]. Strategic Planning - The company is exploring market expansion opportunities to enhance its competitive position in the industry[181]. - The company is committed to maintaining transparency in its environmental impact reporting and compliance with national standards[181]. - The company is focused on expanding its production capacity, with a project to increase annual output by 400,000 square meters of circuit boards currently under implementation[192].