Dividend Distribution - The company plans to distribute a cash dividend of 6 RMB per 10 shares to all shareholders, based on a total share capital of 72,586,668 shares[4]. - The total distributable profit available for shareholders was RMB 319,411,838.30, with a cash dividend of RMB 6 per 10 shares, totaling RMB 43,552,000.80 distributed to shareholders[127][125]. - The cash dividend distribution accounted for 100% of the total profit distribution amount, reflecting a strong commitment to shareholder returns[125]. Financial Performance - The company achieved operating revenue of CNY 632.65 million in 2022, representing a year-on-year increase of 12.02%[32]. - The net profit attributable to shareholders was CNY 90.77 million, up 15.53% compared to the previous year[32]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 74.98 million, reflecting a growth of 1.55%[32]. - The net cash flow from operating activities reached CNY 64.12 million, an increase of 22.94% year-on-year[32]. - Total assets at the end of 2022 amounted to CNY 1.35 billion, a significant increase of 103.24% from the previous year[32]. - The net assets attributable to shareholders rose to CNY 1.13 billion, marking a 153.38% increase year-on-year[32]. - The basic earnings per share decreased by 11.44% to CNY 1.2776[32]. - The company achieved a gross profit margin of 23.07% in 2022, which is a decrease of 4.02% compared to the previous year[50]. Market and Product Development - The company reported a significant focus on the development of specialized liquid crystal display products, targeting industrial control, automotive electronics, smart home appliances, and healthcare sectors[14]. - The company is actively expanding its market presence in the specialized display sector, focusing on technological advancements and product innovation[14]. - The company aims to expand its presence in the medical health sector, leveraging its existing technology and partnerships with major medical device manufacturers[38]. - The company has developed over 4,000 customized product varieties in the industrial control sector, showcasing its ability to respond quickly to customer needs and market trends[42]. - The automotive electronics segment is a key focus, with the company supplying LCD displays to major domestic automotive manufacturers through first-tier suppliers[37]. - The company has established long-term partnerships with major Japanese rice cooker manufacturers, including Panasonic and Zojirushi, capturing nearly 70% of the market share in this segment[38]. Research and Development - Research and development expenditure amounted to CNY 31,057,432.95, accounting for 4.91% of operating revenue, an increase from 4.51% in the previous year[61]. - The number of R&D personnel decreased by 4.05% to 142, with a notable increase in the number of bachelor's degree holders by 10%[61]. - The company is focusing on developing high-reliability automotive TFT modules and advanced optical designs for various display technologies[60]. - The company is enhancing product performance through the development of high color gamut low-cost color diffusion films and high transmittance symmetrical gray-scale displays[60]. - The company has made significant advancements in the production of VA liquid crystal displays, achieving a design that eliminates border light leakage[61]. Risk Management - The company has outlined potential risks in its future development and corresponding countermeasures in the management discussion section of the report[4]. - The company faces risks related to international trade environments, which could impact revenue from key markets like Japan[85]. - The company acknowledges the risk of product technology being replaced by emerging display technologies such as OLED and Mini LED[87]. - Rising raw material costs since Q3 2020 pose a risk to the company's gross margin if not effectively managed[87]. - The company has a significant reliance on overseas sales, which could be adversely affected by geopolitical and economic changes in key markets[87]. Corporate Governance - The company maintains a complete and independent business system, ensuring independence from the controlling shareholder in assets, personnel, finance, and operations[95]. - The company has established an independent financial accounting department, adhering to accounting standards and maintaining a complete financial management system[96]. - The company has independent procurement, research and development, sales, and service systems, enabling it to operate autonomously in the market[97]. - The company has not engaged in any related party transactions that would lead to unfair competition or conflicts of interest with the controlling shareholder[97]. - The company has a clear organizational structure independent of the controlling shareholder, with all business department heads appointed according to internal regulations[96]. Audit and Compliance - The company reported a standard unqualified audit opinion for the financial statements as of December 31, 2022, indicating fair representation of its financial condition and operating results[194]. - The audit report was signed on March 27, 2023, by Zhongtian Yun Accounting Firm, confirming compliance with accounting standards[194]. - The company has not reported any significant internal control deficiencies during the period, indicating a robust internal governance framework[129]. - The company maintained effective internal controls related to financial statements as of December 31, 2022, with no significant deficiencies reported[133]. Shareholder Information - The company has a total of 12,021 shareholders as of the end of the reporting period[180]. - The major shareholders include Jun Cheng Investment Management Partnership holding 20,441,794 shares (28.16%), and Bo Yujian holding 16,658,072 shares (22.95%) as of the reporting period[181]. - The actual controllers of the company, Ying Fa Xiang and Bo Yujian, collectively hold 51,740,001 shares, accounting for 71.28% of the total share capital[181]. - The company has not experienced any changes in its controlling shareholders during the reporting period[184]. Employee and Management Practices - The company had a total of 1,559 employees at the end of the reporting period, with 1,326 in production, 150 in technical roles, and 42 in sales[120]. - The company has established a training management system to enhance employee skills and overall capabilities, focusing on business knowledge and personal development[122]. - The total remuneration paid to the board of directors, supervisors, and senior management in 2022 amounted to CNY 3.255 million[111]. - The remuneration for directors, supervisors, and senior management is determined based on the company's performance, work capability, and position level[111].
骏成科技(301106) - 2022 Q4 - 年度财报