DONGNAN(SZ:301359)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 was ¥247,075,036.89, a decrease of 18.23% compared to ¥302,158,564.14 in 2021[21]. - The net profit attributable to shareholders for 2022 was ¥39,419,885.59, down 34.61% from ¥60,284,795.02 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥33,675,210.17, a decline of 38.74% from ¥54,972,277.86 in 2021[21]. - The total assets at the end of 2022 reached ¥879,304,231.88, an increase of 87.51% compared to ¥468,925,230.85 at the end of 2021[21]. - The net assets attributable to shareholders rose by 103.25% to ¥835,945,343.25 from ¥411,283,123.86 in 2021[21]. - Basic earnings per share for 2022 were ¥0.60, down 36.17% from ¥0.94 in 2021[21]. - The weighted average return on equity decreased to 8.51% in 2022 from 15.82% in 2021, a drop of 7.31 percentage points[21]. - The company reported a significant increase in cash flow from operating activities, indicating improved liquidity despite declining profits[21]. - The net cash flow from operating activities increased by 59.04% to ¥76,129,272.78 from ¥47,868,401.11 in 2021[21]. - The company’s gross margin for micro switches and components was 30.85%, down 11.55% from the previous year[58]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2.5 RMB per 10 shares to all shareholders, based on a total of 85,840,000 shares[3]. - The total distributable profit for the period is 283,941,187.20 yuan, with cash dividends accounting for 100% of the profit distribution[156]. - The cash dividend distribution is in compliance with the company's articles of association and shareholder resolutions[156]. - The company has not made any adjustments to its profit distribution policy during the reporting period, adhering to its established guidelines[155]. Research and Development - The company has invested in R&D to improve the structure and performance of micro switches, ensuring they meet various application scenarios such as high and low temperatures, waterproofing, and explosion-proofing[40]. - The company has developed new product series, such as the KW series for high-temperature applications in microwaves and ovens, and the WS series with waterproof and explosion-proof features for dishwashers and air conditioners[42]. - The number of R&D personnel increased to 98 in 2022, representing a growth of 7.69% compared to 91 in 2021[71]. - R&D investment amounted to ¥14,744,972.70 in 2022, which is 5.97% of the operating revenue, up from 4.53% in 2021[71]. - The company is committed to meeting customer-specific requirements through customized solutions, solidifying its position in the supply chain[69]. Market and Industry Trends - The production of electronic components in China increased from 2,177.3 billion units in 2010 to 5,014.3 billion units in 2020, with a compound annual growth rate (CAGR) of 8.70%[33]. - The main revenue of China's electronic component manufacturing industry grew from CNY 657.5 billion in 2008 to CNY 2,427.3 billion in 2020, achieving a CAGR of 11.50%[33]. - The company aims to expand into new business areas such as automotive and electric tools while maintaining its existing market share, leveraging brand recognition and customer resources[50]. - The company is focusing on expanding its market presence in the automotive sector, which has significant growth potential[70]. Corporate Governance and Compliance - The company emphasizes the importance of maintaining shareholder interests and ensuring the effectiveness of return measures[180]. - The company has a complete and independent governance structure, including a shareholders' meeting, board of directors, and supervisory board, ensuring no influence from controlling shareholders[121]. - The company is committed to transparent information disclosure and effective communication with investors to maintain trust and compliance with regulations[117]. - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management to attract talent and maintain stability among key employees[118]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, indicating potential operational risks[3]. - The company faces innovation risks due to rapidly changing customer demands and will increase R&D investment and talent development to mitigate these risks[111]. - The company is exposed to raw material price fluctuations, particularly for copper, silver, and plastics, and will enhance its pricing strategies to manage these risks[112]. - The company will adjust export product pricing based on exchange rate fluctuations to mitigate currency risk associated with its foreign sales[112]. Future Outlook - The company plans to enhance its R&D investment to improve market responsiveness and adapt to industry trends[179]. - The company provided a positive outlook for 2023, projecting a revenue growth of 25% driven by new product launches and market expansion strategies[182]. - Southeast Electronics plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[182]. - The company aims to achieve a revenue growth target of 15% for the upcoming fiscal year[126].