ZYST(SZ:300936)2023-04-19 16:00Financial Performance - The company reported a total revenue of 75,200,000 shares for the year 2022, with a cash dividend of 0 per 10 shares and no bonus shares issued [3]. - The company's operating revenue for 2022 was ¥247,951,718.82, representing a 13.94% increase compared to ¥217,614,424.47 in 2021 [24]. - Net profit attributable to shareholders decreased by 33.43% to ¥34,436,616.23 in 2022 from ¥51,727,283.13 in 2021 [24]. - The net profit after deducting non-recurring gains and losses was ¥22,809,491.46, down 48.88% from ¥44,621,945.88 in the previous year [24]. - The total assets at the end of 2022 reached ¥1,016,252,700.02, an increase of 7.52% from ¥945,159,722.75 at the end of 2021 [24]. - The company reported a basic earnings per share of ¥0.4579, down 34.82% from ¥0.7025 in 2021 [24]. - The company achieved a consolidated net profit of 34,436,616.23 yuan, a decrease of 33.43% compared to the previous year [150]. - The profit distribution plan for 2022 includes no cash dividends, no stock dividends, and no capital reserve transfers, with remaining undistributed profits carried forward to future years [150]. Shareholder Relations - The company has a dedicated investor relations team to facilitate communication with shareholders and stakeholders [21]. - The participation rate of investors in the 2022 first extraordinary general meeting was 63.32% [120]. - The participation rate of investors in the 2021 annual general meeting was also 63.32% [120]. - The total shares held by the chairman and general manager, Yu Weizhong, at the end of the period was 17,727,600 shares [121]. - The company has implemented an employee stock ownership plan to enhance employee motivation and creativity [151]. Risk Management - The company has outlined potential risks and countermeasures in its management discussion and analysis section, particularly regarding future development prospects [3]. - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements and plans [3]. - The company has implemented a robust risk management framework to enhance its overall competitiveness and operational resilience [111]. - The company recognizes the impact of external factors such as geopolitical tensions and economic conditions on its operating environment [107]. Research and Development - The company employs a customized and forward-looking R&D model to enhance product performance and market adaptability [47]. - Research and development expenses rose by 27.91% year-on-year, amounting to ¥12,833,342.13, primarily due to increased R&D investments [75]. - The company has invested 50 million RMB in R&D for new technologies in 2022, focusing on sustainable materials [128]. - The company is developing new high-frequency copper-clad laminates aimed at 4G and 5G applications, with ongoing pilot tests [76]. - The company developed 12 models of TSOT series lead frame products, with 7 models already validated by customers, enhancing its product lineup in the integrated circuit lead frame sector [77]. Market and Industry Trends - The global smartphone shipment is expected to steadily grow, reaching approximately 1.5 billion units by 2025, driven by the popularity of 5G networks [36]. - The semiconductor packaging materials segment, particularly the lead frames from the newly acquired Saiken Xuzhou, is benefiting from the rapid growth of the integrated circuit packaging and testing industry in China [41]. - The company aims to diversify its product offerings and customer base by expanding into sectors like smart vehicles and military communications [52]. - The company anticipates steady growth in demand for high-frequency copper-clad laminates driven by advancements in 5G communication and electric vehicle technologies [107]. Corporate Governance - The company has a well-defined governance structure with independent boards and committees to oversee strategic, audit, and compensation matters, ensuring effective oversight and decision-making [115]. - The company maintains a transparent information disclosure process, ensuring timely and accurate communication with investors through various channels [116]. - The company operates independently from its controlling shareholders in terms of business, personnel, assets, and financial management, ensuring a complete and autonomous operational capability [118]. - The company has established a comprehensive performance evaluation and compensation system for senior management, linking their performance directly to their remuneration [116]. Environmental Compliance - The company strictly adhered to multiple environmental protection laws and standards during its operations [160]. - The company obtained an environmental discharge permit valid from August 26, 2022, to August 25, 2027 [161]. - The total emissions of VOCs were recorded at 2.125 tons per annum, complying with the national air pollution discharge standards [162]. - The company has implemented a rainwater and sewage diversion system, with wastewater treated to meet standards before entering the municipal sewage system [165]. - The company emphasizes sustainable development, continuously improving environmental management and investing in pollution control measures [166]. Employee Management - The total number of employees at the end of the reporting period is 245, with 102 in the parent company and 143 in major subsidiaries [143]. - The company maintains a matrix salary system that links individual performance with company revenue, ensuring alignment with business objectives [144]. - The company plans to implement annual training covering management, safety, quality, and environmental training for all employees [145]. - The company has a total of 256 employees receiving salaries during the reporting period [143]. Strategic Acquisitions - The company completed the acquisition of 100% equity in a subsidiary, achieving a non-similar control merger [154]. - The company has expanded its operational scope in the semiconductor packaging materials field through the acquisition of a subsidiary [106]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance production capacity by 30% [128]. - The company reported a significant acquisition, with its wholly-owned subsidiary Jiangsu Fusheng Electronics Co., Ltd. acquiring 100% of the equity of Saiken Electronics (Xuzhou) Co., Ltd., which has been included in the consolidated financial statements [182].