MDK(688079)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 was RMB 413.73 million, a decrease of 5.86% compared to RMB 439.47 million in 2021[25]. - The net profit attributable to shareholders decreased by 77.89% to RMB 22.09 million from RMB 99.92 million in the previous year[27]. - The basic and diluted earnings per share fell by 76.92% to RMB 0.06, down from RMB 0.26 in 2021[26]. - The company's cash flow from operating activities was RMB 187.22 million, a slight decrease of 1.99% from RMB 191.01 million in 2021[25]. - The total assets at the end of 2022 were RMB 1.91 billion, an increase of 5.54% from RMB 1.81 billion at the end of 2021[25]. - The net profit after deducting non-recurring gains and losses decreased by 76.46% to RMB 21.56 million[27]. - The weighted average return on net assets dropped to 1.42% from 7.18% in the previous year[26]. - The company's revenue for the reporting period was 413.73 million RMB, a decrease of 5.86% compared to the previous year[87]. - The net profit attributable to shareholders was 22.09 million RMB, down 77.89% year-on-year, with earnings per share of 0.06 RMB, a decrease of 76.92%[87]. Shareholder Returns - The company plans not to distribute profits for the year 2022, considering the need for operational funds and potential risks[5]. - The company repurchased shares amounting to ¥22,656,510.44, which accounted for 102.57% of the net profit attributable to shareholders in the consolidated financial statements[5]. - The company's profit distribution plan for 2022 did not include any cash dividends, despite having positive distributable profits[170]. - The company's total cash dividend amount for 2022, including share buybacks, was ¥2,265.65 million[171]. - The company’s cash dividend policy stipulates that at least 10% of the distributable profits must be allocated as cash dividends each year, provided certain conditions are met[165]. Research and Development - Research and development expenses accounted for 17.53% of operating revenue, up from 14.51% in 2021[26]. - The company invested a total of 72.51 million yuan in R&D, accounting for 17.53% of its sales revenue, with 126 R&D personnel representing 16.89% of the total workforce[39]. - The company has established a comprehensive R&D system, focusing on technology innovation and collaboration with leading enterprises and universities to overcome industry technical challenges[49]. - The company achieved a total R&D investment of ¥72,509,425.85, representing a 13.69% increase compared to the previous year[64]. - The total R&D investment accounted for 17.53% of the operating revenue, an increase of 3.02 percentage points from the previous year[64]. - The company has developed high-precision processing technologies for various materials, including a through-hole technology for 12-inch glass wafers with a size deviation of ±5 microns[60]. - The company is focusing on expanding its market presence and enhancing its service innovation alongside product structure adjustments[129]. Operational Risks and Governance - The company has detailed various operational risks and corresponding countermeasures in the report[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not implemented any special arrangements for corporate governance[8]. - The company has not violated decision-making procedures for providing guarantees[8]. - The company has not faced any situation where more than half of the directors could not guarantee the authenticity, accuracy, and completeness of the annual report[8]. - The company has implemented a strict procurement management process to ensure effective supplier development and material procurement[49]. - The company’s governance structure includes a board of directors with 5 members, including 2 independent directors, ensuring compliance with corporate governance standards[174]. Market and Industry Trends - The global semiconductor market size reached 625.5 billion in 2023, reflecting a 4.6% increase[53]. - The Chinese integrated circuit market size was projected to be ¥2.1 trillion in 2022, growing by 6.5%, and is expected to reach ¥2.28 trillion in 2023, with a growth rate of 7.1%[53]. - The optical and semiconductor industries are expected to experience significant growth opportunities in the next decade, driven by advancements in 5G, AI, IoT, and other technologies[54]. - The domestic semiconductor component industry is rapidly developing due to the demand from smartphones, security cameras, smart cars, and drones, with a significant push for domestic substitution[57]. Environmental and Social Responsibility - The company invested 3.9182 million yuan in environmental protection during the reporting period[176]. - The company has established environmental protection mechanisms and has no administrative penalties for environmental issues during the reporting period[177]. - The company has implemented effective control measures for waste gas, wastewater, solid waste, and noise during its operations[177]. - The company has made significant investments in wastewater treatment facilities to control VOC emissions[182]. - The company donated 585,200 yuan to the Shanghai Shanshu Public Welfare Foundation for student assistance in impoverished areas[186]. Employee and Management - The total number of employees in the parent company is 215, while the main subsidiaries employ 531, resulting in a total of 746 employees[158]. - The employee composition includes 527 production personnel, 16 sales personnel, 126 technical personnel, 11 financial personnel, and 66 administrative personnel[158]. - The company emphasizes employee training and development, implementing a tiered training approach to enhance overall employee capabilities[160]. - Total remuneration paid to directors, supervisors, and senior management amounted to 6.0768 million RMB[146]. - Total remuneration for core technical personnel reached 2.4229 million RMB[146]. Strategic Initiatives - The company plans to explore strategic partnerships and potential acquisitions to accelerate market expansion and technology development[68]. - The company aims to strengthen its core competitiveness in the semiconductor device industry chain by improving customer structure and expanding its business layout[132]. - The company is committed to enhancing its technological capabilities and product offerings through strategic focus on core technologies and innovation[61]. - The company has outlined a merger and acquisition strategy to enhance its competitive position, targeting a 64.25% increase in operational efficiency through strategic partnerships[142].