ZKTECO CO.(SZ:301330)2023-04-27 16:00Financial Performance - As of December 31, 2022, the company achieved a consolidated revenue of over 1.9 billion yuan, remaining stable compared to 2021, while the net profit attributable to shareholders exceeded 190 million yuan, representing a growth of 12.47% year-on-year[3]. - The company reported a total revenue of RMB 1.2 billion for the fiscal year 2022, representing a year-over-year growth of 15%[22]. - The company plans to distribute a cash dividend of 3.5 yuan per 10 shares (including tax) to all shareholders, based on a total of 148,492,051 shares[9]. - The company's operating revenue for 2022 was ¥1,918,559,191.76, a decrease of 1.88% compared to ¥1,955,286,516.10 in 2021[30]. - Total revenue for 2022 was approximately ¥1.92 billion, a decrease of 1.88% compared to ¥1.96 billion in 2021[113]. - The gross margin for the year was reported at 45%, a slight decrease from 48% in the previous year due to increased material costs[22]. - The company reported a significant increase in net assets attributable to shareholders, which rose by 122.76% to ¥3,057,467,189.68 at the end of 2022 from ¥1,372,534,346.38 at the end of 2021[30]. - The company’s total sales volume decreased by 25.82% to 2,836,800 units in 2022[116]. - The company’s total investment in the reporting period was 468.95 million, a decrease of 45.19% compared to the previous year's investment of 855.54 million[136]. Research and Development - The company's R&D investment in 2022 was nearly 190 million yuan, accounting for 9.8% of total revenue, focusing on core algorithm research in multimodal biometric recognition and computer vision[4]. - Research and development expenses increased by 18%, focusing on advancements in computer vision and IoT technologies[22]. - The company is developing a multi-modal visual large model to enhance efficiency and intelligence in image and video recognition[122]. - The company has developed dual-modal face recognition technology aimed at enhancing security and accuracy in various applications, including smart access control and attendance systems[126]. - The company holds 736 patents, including 106 invention patents, showcasing its strong innovation capabilities[180]. Market Expansion and Globalization - The company has established 42 subsidiaries in China and 40 overseas, with products sold in over 100 countries and regions globally[3]. - The company emphasizes a commitment to globalization, viewing it as a new opportunity for innovation, manufacturing, and service expansion[7]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[22]. - The company has invested in the construction of a manufacturing facility in the United States as part of its global expansion strategy[3]. - The company has established a comprehensive global marketing service network, with 28 branches, 14 subsidiaries, and 190 service points across 31 provinces in China, and 40 subsidiaries in 29 countries, covering over 100 countries and regions[104][105]. Product Development and Innovation - New product launches include a biometric recognition system that has shown a 30% improvement in processing speed compared to previous models[23]. - The company has developed automated passage control systems that integrate multi-modal biometric recognition and RFID technology, enhancing security and data accuracy in various scenarios such as libraries, unmanned supermarkets, and transportation hubs[64]. - The company’s smart identity verification terminals include multi-modal biometric products and industry-specific intelligent terminals, enhancing user identification processes[72]. - The company aims to leverage multi-modal biometric recognition technologies to enhance security and user experience across various sectors including finance, education, and healthcare[56]. - The company is focused on creating a reliable and stable integrated security management platform to improve safety monitoring and control capabilities across multiple business subsystems[123]. Strategic Acquisitions and Partnerships - A strategic acquisition of a local tech firm was completed, expected to enhance the company's AI capabilities and contribute an additional RMB 200 million in revenue[23]. - The company has established partnerships with three major telecom operators to enhance its product distribution channels[23]. - The company is actively promoting cloud services and operations to improve digital capabilities, with a focus on enterprise-level time management solutions in the US market[123]. Risks and Challenges - The company faces potential legal risks related to data protection and compliance with various regulations, which could impact its operations if not managed properly[179]. - The company's international operations are exposed to foreign exchange risks, particularly with significant sales denominated in USD and EUR, which could affect pricing competitiveness[183]. - The company is facing risks related to the inability to achieve expected returns from fundraising investment projects due to potential significant changes in market demand, industry patterns, or global economic and political situations[185]. - The construction of overseas projects, including a manufacturing plant and R&D center in the United States, may encounter uncertainties due to complex global economic conditions and varying national policies and cultures[185]. Workforce and Human Resources - The workforce consists of nearly 4,000 employees globally, with over 1,100 based overseas, primarily local hires[3]. - The number of R&D personnel slightly decreased by 0.53% to 1,125, while the proportion of R&D personnel increased to 29.7%[126]. - The company plans to focus on recruiting specialized technical personnel to optimize its talent structure and support business development[173]. Financial Management and Investments - The total amount raised from the public offering was RMB 1,608,168,923.16, with a net amount of RMB 1,457,298,377.70 after deducting issuance costs[147]. - The company plans to use up to RMB 100 million of temporarily idle raised funds for cash management, investing in high-security, liquid products with a maturity of no more than 12 months[152]. - The company has approved the use of RMB 358.61 million of raised funds to replace self-raised funds and issuance expenses incurred prior to August 21, 2022[152]. - The company aims to enhance production capacity and technology levels through new investment projects, improving product quality and market competitiveness[152].