南亚新材(688519) - 2022 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2022 was ¥3,778,211,331.21, a decrease of 10.19% compared to ¥4,207,119,601.56 in 2021[24]. - The net profit attributable to shareholders of the listed company was ¥44,885,188.36, down 88.76% from ¥399,326,612.90 in the previous year[24]. - The company's net profit after deducting non-recurring gains and losses was -¥22,149,530.21, a decrease of 106.19% from ¥357,860,937.31 in 2021[24]. - The company's net assets decreased by 7.50% to ¥2,676,838,558.26 from ¥2,893,849,389.09 in the previous year[24]. - The gross margin was 8.31%, a decline of 9.58 percentage points year-on-year[108]. - The gross profit margin for the main business in 2022 was 8.45%, a decrease of 9.67 percentage points from 2021[122]. - The company reported a significant increase in cash and cash equivalents, totaling CNY 711,835,164.91, which is 14.56% of total assets, up 33.65% from the previous period[139]. Shareholder Returns - The company plans to distribute a cash dividend of 2.50 RMB per 10 shares, totaling approximately 56,549,041.50 RMB, which represents 125.99% of the net profit attributable to shareholders for the year[5]. - The company repurchased shares amounting to 216,003,544.53 RMB, accounting for 481.24% of the net profit attributable to shareholders[6]. - The cash dividend policy emphasizes a sustainable and stable distribution approach, ensuring a minimum cash distribution of 10% of the distributable profit when conditions are met[197]. - The cash dividend distribution plan requires approval from the shareholders' meeting after being reviewed by the board of directors[198]. Operational Highlights - The total share capital as of March 9, 2023, is 234,751,600 shares, with 8,555,434 shares held in the repurchase account[5]. - The company has established partnerships with key clients in the industry, including major players like Huawei and ZTE[20]. - The company maintained a focus on high-frequency wireless communication applications, including antennas and filters for 5G technology[20]. - The company achieved operating revenue of 3,778.21 million RMB, a decrease of 10.19% compared to the same period last year[38]. - The company has established a qualified supplier evaluation system to ensure stable raw material supply, focusing on electronic copper foil, fiberglass cloth, and resin[54]. Research and Development - Research and development expenses increased by 34.77 million yuan, a rise of 15.81%, as the company focused on developing new materials in various fields to meet market demands[27]. - Total R&D expenditure reached ¥254,593,466.23, a 15.81% increase from the previous year's ¥219,828,120.60, representing 6.74% of operating revenue[85]. - The company is developing new materials for telecommunications, data centers, radar, industrial control, smart driving assistance, energy, and IC substrates to meet market demands[86]. - The company has developed a series of core formulation technologies including lead-free, halogen-free, high-frequency, automotive, high thermal conductivity, IC packaging, and HDI, which are essential for its product categories[78]. Market Position and Strategy - The company is actively expanding its market presence in 5G communication, cloud computing, and automotive industries through product innovation and certification[39]. - The company aims to strengthen strategic execution to better serve customers and meet market needs amid intensified competition in the copper-clad laminate industry[37]. - The company is committed to continuous development in high-performance new materials for various applications, including communications and intelligent driving[27]. - The company has achieved a global PCB industry ranking of ninth in 2021, with a market share of 4%[67]. Corporate Governance - The board of directors and management have confirmed the accuracy and completeness of the annual report[4]. - The company has established a sound corporate governance structure, ensuring compliance with relevant laws and regulations, with no significant discrepancies noted[163]. - The company has maintained a clear division of responsibilities among its governance bodies, ensuring effective checks and balances[163]. - The company did not experience any major adverse effects from competition with its controlling shareholders[163]. Risks and Challenges - The company faces risks including a potential decline in product prices and raw material supply instability, which could impact profitability[112][108]. - The company is at risk of losing key technical personnel, which could affect its competitive edge in technology and innovation[110]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated any decision-making procedures for providing guarantees[8].