ELECSPN(SZ:002935)2023-05-19 11:11Financial Performance - In 2022, the company achieved an operating income of 121,089.74 million yuan, a year-on-year increase of 16.10% [2] - The net profit attributable to shareholders was 11,249.99 million yuan, a decrease of 4.98% compared to the previous year [2] - The net profit after deducting non-recurring gains and losses was 10,763.89 million yuan, down 2.74% year-on-year [2] - The company’s operating cash flow reached 22,135.58 million yuan, a significant increase of 102.19% [2] - By the end of 2022, the company's cash balance was 78,752.54 million yuan, up 91.46% year-on-year [2] Product Performance - The time synchronization product line generated revenue of 54,841.56 million yuan, an increase of 34.82% year-on-year [3] - Frequency series products saw slower growth, with revenue of 62,754.30 million yuan, up 2.40% [3] - The Beidou satellite application products achieved revenue of 3,493.88 million yuan, a year-on-year increase of 49.65% [3] - In Q1 2023, the company reported revenue of 12,528.62 million yuan, a year-on-year growth of 77.15% [3] Cost and Profitability - The gross margin for frequency series products decreased by 1.94 percentage points compared to 2021, while the gross margin for time synchronization products increased by 2.02 percentage points [4] - The overall gross margin for the company declined by 1.14 percentage points in 2022 due to various factors [4] Future Outlook - The company aims for a compound annual growth rate (CAGR) of no less than 15% for net profit after deducting non-recurring gains and losses by 2023 [5] - The company is focused on enhancing production capacity and R&D capabilities to improve product competitiveness [5] - The completion of fundraising projects is expected to boost production capacity and operational efficiency [5]