Financial Performance - The Group achieved sales revenue of HK$2,483.1 million for the year 2022, representing an increase of 47.7% compared to the previous year[9]. - Profit attributable to shareholders was HK$531.4 million, reflecting a significant increase of 323.6% year-over-year[9]. - Basic earnings per share rose to HK26.18 cents, up from HK6.18 cents in 2021[15]. - The Group's revenue for the year ended December 31, 2022, was HK$2,483.1 million, representing a 47.7% increase compared to the previous year[20]. - Profit attributable to equity holders of the Company was HK$531.4 million, a 323.6% increase year-on-year[17]. - Total sales volume increased by 10.3% compared to last year, driven by strong demand for eSIM chips and secure element chips[19]. - Gross profit for 2022 was HK$1,112,245,000, compared to HK$570,532,000 in 2021, indicating a significant increase of about 94.9%[191]. - Operating profit rose to HK$631,945,000 in 2022, up from HK$139,332,000 in the previous year, reflecting a growth of approximately 353.5%[191]. - Profit for the year attributable to owners of the company was HK$531,431,000, compared to HK$125,444,000 in 2021, marking an increase of around 323.5%[191]. - Proposed dividend for 2022 is HK$162,390,000, significantly higher than HK$38,568,000 in 2021, which is an increase of approximately 320.5%[191]. - Other income for 2022 was HK$45,416,000, up from HK$33,529,000 in 2021, indicating a growth of approximately 35.4%[191]. - Finance income increased to HK$14,060,000 in 2022 from HK$2,428,000 in 2021, reflecting a growth of about 478.5%[191]. - Total comprehensive income for the year was HK$417,254,000, up from HK$161,627,000 in the previous year, indicating a year-over-year increase of about 158%[192]. - The company's total assets rose to HK$4,056,750,000 in 2022, compared to HK$2,840,990,000 in 2021, reflecting an increase of approximately 42.7%[194]. - Current assets saw a substantial increase to HK$3,554,985,000 in 2022 from HK$2,286,530,000 in 2021, marking a growth of around 55.6%[194]. - The equity attributable to owners of the Company increased to HK$1,652,683,000 in 2022 from HK$1,273,997,000 in 2021, representing a growth of about 29.6%[196]. - Cash and cash equivalents rose sharply to HK$1,172,748,000 in 2022 from HK$517,932,000 in 2021, reflecting an increase of about 126.5%[194]. Research and Development - The Group obtained 25 new patents, registered 2 new software copyrights, and 4 new integrated circuits layout designs in 2022[16]. - The Group plans to strengthen research and development in secure element chips for intelligent connected vehicles and the Internet of Things[12]. - Research and development costs for the year amounted to HK$348.1 million, representing 14.0% of revenue, down from 16.2% in the previous year[23]. - Government grants recognized as income increased by 134.5% to HK$18.9 million due to higher subsidies for research and development costs[25]. Corporate Governance - The Board comprised two executive directors, two non-executive directors, and three independent non-executive directors as of December 31, 2022[29]. - The Group's corporate governance practices complied with all applicable code provisions in the CG Code throughout the year ended December 31, 2022[28]. - The Board is responsible for formulating long-term business objectives and monitoring the Group's financial performance[32]. - The Board has implemented mechanisms to ensure independent views and input are available, including annual meetings with independent non-executive directors[38]. - The Company maintains appropriate insurance on directors' liabilities to protect against potential legal liabilities incurred while performing their duties[40]. - The audit committee, comprising three independent non-executive directors, is responsible for monitoring the external auditor's independence and the effectiveness of the audit process[52]. - The audit committee oversees the Group's financial, risk management, and internal control systems, reporting annually to the Board on their effectiveness[64]. - The Company engaged SHINEWING Risk Services Limited to conduct an annual review of its risk management and internal control systems for the year ended December 31, 2022, with the Board satisfied that these systems were effective and adequate throughout the year[68]. Shareholder Communication - The Company has established procedures for handling and disseminating inside information to ensure timely communication with stakeholders[69]. - The Board is responsible for the handling and dissemination of inside information, with regular reviews of the effectiveness of these procedures[69]. - The Company allows shareholders to propose candidates for election as directors, requiring a written notice of intention and the candidate's consent[79]. - The company maintains a continuous dialogue with shareholders through various channels, including annual general meetings where the Board answers questions regarding the Group's performance[82]. - The Board has reviewed the implementation of the Shareholders' Communication Policy in 2022 and found it to be appropriate and effective[87]. - Shareholders can send inquiries to the Board through the company secretary, ensuring open communication[84]. Market and Industry Trends - The global integrated circuits industry is expected to enter a downward cycle, but favorable operating trends are anticipated to continue in the first half of 2023[11]. - The demand for applications in intelligent connected vehicles and the Internet of Things is gradually emerging, driven by the standardization of policies and standards in these sectors[12]. - The integrated circuits market in the PRC is highly competitive with short product cycles, and the Group's performance relies on the successful execution of its business strategy[112]. - The Group's revenue is primarily dependent on the growth of the information technology industry in the PRC, particularly the electronic information technology sector[111]. Employee and Board Diversity - Employee benefit expenses for the year amounted to HK$299.2 million, with approximately 420 employees, of which 35.6% were female[27]. - The Group's policy on board diversity includes two female directors, with a view that one female representation is sufficient[34]. - The Company will invest more resources in training and recruiting high-performing female employees to promote them to senior management or directorship[37]. - The attendance record for directors at meetings in 2022 shows high engagement, with non-executive directors attending 100% of meetings[90]. Related Party Transactions - The company did not enter into any significant transactions or contracts with controlling shareholders during the year[129]. - The Company entered into a business services agreement with CEC, effective from July 1, 2021, to June 30, 2024, for technology development and procurement of materials[134]. - The maximum daily balance of deposits with CEC Finance shall not exceed RMB 700 million, and the actual balance during the year ended December 31, 2022, did not exceed this amount[137]. - The maximum amount of financial assistance provided by CEC Finance to the Group shall not exceed RMB 700 million on any given day, with actual balances not exceeding this amount during the year ended December 31, 2022[137]. - The Company entered into a master property management agreement with CEC for a term of three years from January 1, 2021, to December 31, 2023[134]. Audit and Compliance - The independent auditor, PricewaterhouseCoopers, has audited the consolidated financial statements for the year ended December 31, 2022, ensuring compliance with Hong Kong Financial Reporting Standards[164]. - The audit report confirms that the financial statements have been properly prepared in compliance with the disclosure requirements of the Hong Kong Companies Ordinance[164]. - The Group's management is responsible for the internal control and assessment process related to the provision for expected credit losses[168]. - The audit committee reviewed the audited consolidated financial statements for the year ended December 31, 2022[154].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA ELECTRONICS HUADA TECHNOLOGY COMPANY LIMITED 中國電子華大科技有限公司 （於開曼群島註冊成立及於百慕達繼續經營之有限公司） （股份代號：00085） 截至2022年12月31日止年度全年業績公告 中國電子華大科技有限公司（「本公司」）董事會（「董事會」）宣佈，本公司及其附屬 公司（「本集團」）截至2022年12月31日止年度的經審核綜合業績如下： 綜合損益表 截至12月31日止年度 | --- | --- | --- | |------------------------------------------------------------------------------------|---------------------------------------------------|----------------------------- ...