杰美特(300868) - 2022 Q4 - 年度财报

Financial Performance - The company's main business revenue declined due to industry downturn risks[6] - The profit decreased due to rising labor costs, with a proposed cash dividend of 0 RMB per 10 shares and no bonus shares[7] - The company reported a total of 128 million shares as the basis for profit distribution[7] - The company's operating revenue for 2022 was ¥719,159,268.60, representing a 0.58% increase compared to ¥714,993,835.44 in 2021[21] - The net profit attributable to shareholders for 2022 was ¥115,920,263.70, a significant decrease of 510.83% from ¥106,370,724.08 in 2021[21] - The net cash flow from operating activities for 2022 was ¥32,789,765.10, down 283.22% from ¥99,000,055.90 in 2021[21] - The basic and diluted earnings per share for 2022 were both -¥0.9155, compared to ¥0.2064 in 2021, reflecting a decline of 515.38%[21] - Total assets at the end of 2022 were ¥2,086,120,445.36, a decrease of 9.09% from ¥2,281,416,889.00 at the end of 2021[21] - The net assets attributable to shareholders at the end of 2022 were ¥1,625,987,390.11, down 8.59% from ¥1,767,390,380.00 at the end of 2021[21] - The company reported a total of ¥41,868,396.58 in non-recurring gains and losses for 2022, compared to ¥33,918,267.46 in 2021[28] Revenue Breakdown - The company achieved a revenue of 719.16 million yuan, with ODM/OEM business contributing 552.24 million yuan, accounting for 76.79% of total revenue, up from 65.23% in the previous year[37] - The self-owned brand business generated revenue of 166.92 million yuan, representing 23.21% of total revenue, down from 34.77% in the previous year[37] - Domestic sales increased by 33.46% to CNY 359,065,593.54, while export sales decreased by 19.25% to CNY 360,093,675.06[46] - The sales volume for ODM/OEM business rose by 23.05% to 49,508,609 units, while own brand sales volume fell by 37.18% to 2,756,087 units[49] Market Conditions - Global smartphone shipments in 2022 were 1.21 billion units, a decline of 11.3% year-on-year, marking the lowest annual shipment since 2013[32] - The company is facing challenges due to changes in the downstream market environment, including economic friction and supply chain issues, affecting revenue and profit margins[38] - The company indicated uncertainty regarding its ability to continue as a going concern, as net profits excluding non-recurring items have been negative for the last three years[22] Cost and Expenses - Increased labor costs due to talent acquisition and rising minimum wage standards have impacted the company's profit margins[39] - Direct material costs for ODM/OEM business increased by 14.49% to CNY 325,648,520, while direct labor costs rose by 45.95% to CNY 78,660,152.9[51] - Sales expenses rose by 12.08% year-over-year to $124.11 million, while management expenses increased by 22.09% to $56.77 million[58] Research and Development - Research and development expenses increased by 15.32% year-over-year to $47.33 million, indicating a focus on innovation[58] - The total R&D investment for 2022 was ¥47,327,505.76, representing 6.58% of operating revenue, an increase from 5.74% in 2021[64] - The number of R&D personnel decreased by 25.85% from 236 in 2021 to 175 in 2022, with the proportion of R&D staff dropping from 20.39% to 14.12%[64] Product Innovation - The company is focused on expanding its product line to include more versatile and user-friendly designs in response to market research[61] - The company has developed a mobile phone case with ultraviolet sensing color-changing functionality, which can accurately measure UV radiation within 10 seconds of exposure to sunlight[60] - A mobile phone protective case with built-in battery and music playback function has been completed, aimed at enhancing user experience during outdoor activities[63] Governance and Compliance - The company has established a complete business process and system, ensuring independence from its controlling shareholders[107] - The company has a dedicated financial department with an independent accounting system and does not share bank accounts with its controlling shareholders[112] - The board of directors consists of 9 members, including 3 independent directors, and held 8 meetings during the reporting period[102] Shareholder Relations - The company did not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the year 2022, citing unmet operational targets[143][146] - The company has committed to not transferring or entrusting the management of its shares for 36 months after the successful listing on the stock exchange[158] - The company emphasizes the importance of maintaining shareholder trust through adherence to these commitments[158] Future Outlook - The company has set a revenue guidance for 2023, projecting a growth rate of 25% compared to 2022[164] - New product launches are expected to contribute an additional 300 million RMB in revenue in 2023[165] - The company plans to increase its marketing budget by 30% in 2023 to support new product launches and market expansion efforts[164]