Longtech(300916)2023-04-18 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,291,331,635.38, representing a 34.51% increase compared to ¥960,030,639.80 in 2021[17]. - The net profit attributable to shareholders for 2022 was ¥180,795,368.59, up 28.28% from ¥140,933,357.09 in 2021[17]. - The net cash flow from operating activities increased by 67.14% to ¥215,861,861.69 in 2022, compared to ¥129,150,350.03 in 2021[17]. - The total assets at the end of 2022 were ¥1,521,084,730.43, a 17.51% increase from ¥1,294,448,074.54 at the end of 2021[17]. - The basic earnings per share for 2022 was ¥1.89, reflecting a 28.57% increase from ¥1.47 in 2021[17]. - The company achieved a revenue of 1.291 billion yuan, representing a year-on-year growth of 34.51%[43]. - The net profit attributable to shareholders was 181 million yuan, an increase of 28.28% compared to the previous year[43]. - The energy storage sector saw significant growth, with revenue of 690.1 million yuan, a year-on-year increase of 171.32%[55]. - The automotive electronics segment generated revenue of 118.7 million yuan, reflecting a year-on-year growth of 60.15%[56]. Dividend and Profit Distribution - The company reported a profit distribution plan, proposing a cash dividend of 5 RMB per 10 shares, based on a total of 95,805,000 shares[3]. - The company distributed cash dividends of ¥19,161,000, with a payout of ¥3 per 10 shares, reflecting a year-on-year increase in cash dividends[61]. - For the 2022 profit distribution plan, the company proposed a cash dividend of 5 yuan per 10 shares, amounting to 47,902,500 yuan, and a capital reserve transfer of 5 shares for every 10 shares, increasing total share capital to 143,707,500 shares[165]. Research and Development - The company focuses on the development of smart control products and electronic control components[11]. - The R&D cycle for new products typically spans 6-12 months, involving multiple stages from market demand investigation to mass production[37]. - R&D expenses amounted to 50.04 million yuan, representing 3.88% of total revenue, and increased by approximately 41.39% compared to the previous year[57]. - The company has developed 81 patents, including 16 invention patents and 46 utility model patents, enhancing its competitive edge in R&D[45]. - The company is developing a new food processing device that enhances user experience through innovative design and technology[75]. - A new heating control circuit for electronic cigarettes is in small-scale trial production, aiming to improve resource efficiency and customer satisfaction[75]. - The company is working on a solar panel adjustment device that can increase charging efficiency by over 50%[75]. Market and Industry Trends - The company operates in the intelligent controller manufacturing industry, which is supported by national and local government policies[28]. - The demand for intelligent controllers is rapidly increasing due to the growing automation and intelligence needs in various sectors such as home, automotive, and industrial equipment[28]. - The smart controller industry in China is projected to maintain an annual growth rate of approximately 12% from 2018 to 2023, with the market size expected to exceed 3 trillion yuan by 2023[29]. - The company focuses on high-end markets in smart home control, automotive electronics, and energy storage, leveraging strong R&D capabilities and strategic partnerships with well-known brands[32]. Corporate Governance - The company has established a comprehensive quality management system, achieving certifications such as ISO9001 and IATF16949, ensuring high standards in production and quality assurance[34]. - The company has implemented a stock incentive plan for 191 core talents, with profit growth targets set at 20%, 40%, and 60% for 2022 and 2023[59]. - The board of directors has increased the number of independent directors from 2 to 3, enhancing governance and oversight[121]. - The company has established a new audit committee to strengthen financial oversight and compliance[125]. - The company emphasizes strict compliance with information disclosure regulations, ensuring accurate and timely communication with investors[128]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[3]. - The company faces risks from high foreign sales exposure, particularly to fluctuations in exchange rates, with USD being the primary currency for transactions[115]. - The company has established a financial derivative trading management system to regulate trading behavior and control risks effectively[90]. - The company does not engage in speculative derivative investments, focusing solely on hedging activities[91]. Employee and Training - The total number of employees at the end of the reporting period is 1,438, with 742 in the parent company and 696 in major subsidiaries[158]. - The company conducted a total of 114 internal training sessions, an increase of 23.9% compared to the previous year, with an average training duration of 5.3 hours per employee, totaling 2,263 participants[161]. - The company aims to optimize its compensation system based on employee contributions, abilities, responsibilities, and industry salary levels[159]. Subsidiaries and Investments - The company established a new subsidiary, Dongguan Longte New Energy Technology Co., Ltd., holding a 70% stake, focusing on energy management and battery manufacturing[70]. - The newly established subsidiary's business scope includes energy management contracts, battery manufacturing and sales, emerging energy technology research and development, and solar power technology services[200]. Investor Relations - The company engaged in multiple investor communications throughout 2022, discussing business development and future trends with various institutions[116]. - The company is actively engaging with multiple institutional investors to discuss business development and performance metrics[117]. - The company emphasizes the importance of maintaining shareholder rights and interests through transparent communication[192].