Financial Performance - The company's operating revenue for 2022 was ¥517,019,322.17, representing a 6.87% increase compared to ¥483,769,461.44 in 2021[18]. - The net profit attributable to shareholders for 2022 was ¥56,949,973.17, a decrease of 3.09% from ¥58,763,052.46 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥48,341,419.43, down 8.01% from ¥52,550,884.47 in 2021[18]. - The net cash flow from operating activities surged to ¥109,190,787.61, a significant increase of 473.22% compared to ¥19,048,686.06 in 2021[18]. - The total assets at the end of 2022 reached ¥1,018,410,253.02, marking a 57.58% increase from ¥646,292,501.49 at the end of 2021[18]. - The net assets attributable to shareholders increased by 92.45% to ¥850,903,984.78 from ¥442,143,994.42 in 2021[18]. - Basic earnings per share for 2022 were ¥0.4332, down 18.91% from ¥0.5342 in the previous year[18]. - The weighted average return on equity decreased to 8.25% in 2022 from 14.22% in 2021[18]. - Revenue from the automotive manufacturing sector accounted for 96.90% of total revenue, amounting to ¥501,007,264.75, which is a 13.51% increase compared to ¥441,365,081.37 in 2021[52]. - The company achieved a gross margin of 27.62% in the automotive manufacturing sector, with a year-on-year decrease of 3.87%[54]. Market and Product Development - In 2022, the company sold 16.55 million engine shock absorber components, accounting for approximately 6.49% of the global market share[31]. - The company's main product, engine shock absorbers, contributes over 80% to its main business revenue[34]. - The company is actively developing products suitable for electric and hybrid vehicles, including high-precision gear and housing products[33]. - The company aims to expand its domestic market while responding to national strategies for economic circulation[33]. - The company has over 800 product varieties, primarily sold in Europe, North America, and domestically[34]. - The company is focusing on the development of high-efficiency cutting parameters for various materials to enhance market competitiveness[68]. Research and Development - The company employs a self-research model for product development, focusing on new product processes, tooling equipment, and basic parameters[36]. - The company has developed over 80 patents since 2014, enhancing its competitive edge in the automotive parts industry[46]. - R&D investment amounted to ¥24,158,138.53 in 2022, representing 4.67% of total revenue, up from 4.16% in 2021[72]. - The number of R&D personnel increased by 26.60% to 119 in 2022, accounting for 11.62% of the total workforce[72]. - The company is in the small trial phase for several R&D projects aimed at improving processing stability and reducing costs, which are expected to enhance market competitiveness[64]. Operational Efficiency - The company has implemented a "production-based procurement" model, ensuring quality control through a strict supplier management system[38]. - The company aims for "smart manufacturing, green manufacturing, and flexible manufacturing" to enhance production efficiency and reduce labor costs[44]. - The company has established a mechanism linking product prices with raw material market prices to mitigate the impact of price fluctuations[45]. - The company improved the lifespan of belt wheel cutting blades from 30-40 pieces to 70 pieces through internal component optimization[68]. - The efficiency of low-carbon steel slotting processing improved by 5%[70]. Financial Management - The company reported a foreign exchange gain of 929.18 million yuan, representing 15.06% of total profit, highlighting exposure to currency risk due to international trade[106]. - The company has established a fundraising management system to ensure that raised funds are used legally and effectively for investment projects[178]. - The company will repurchase shares if the stock price falls below the latest disclosed net asset value, with a repurchase amount not less than 10% of the previous year's audited net profit[175]. - The company has committed to not transferring benefits to other entities or individuals under unfair conditions, ensuring the protection of company interests[179]. Governance and Compliance - The company has established a supervisory board consisting of 3 supervisors, including 1 employee representative, complying with legal regulations[112]. - The company emphasizes transparency in information disclosure, ensuring all shareholders have equal access to information through designated media[113]. - The company has a complete and independent business process and system, capable of market-oriented operations and risk management[115]. - The company has not reported any risks during the supervisory activities of the supervisory board[146]. - The company will disclose any failure to fulfill commitments in a timely manner and apologize to shareholders and the public[180]. Social Responsibility - The company donated a total of 200,000 yuan to the Baoding Red Cross and 500,000 yuan to the Ningjin County Charity Association for poverty alleviation efforts in 2022[164]. - The company has actively participated in social responsibility initiatives, including donations for charitable causes and poverty alleviation[164]. - The company strictly adheres to environmental protection laws and has no records of violations or penalties during the reporting period[164].
东利机械(301298) - 2022 Q4 - 年度财报