BSCTECH(300951)2023-04-19 16:00Financial Performance - The company reported a net profit difference between overseas accounting standards and Chinese accounting standards, with no discrepancies noted during the reporting period[26]. - Non-recurring gains and losses totaled CNY 22,945,946.41 in 2022, an increase from CNY 20,085,125.66 in 2021, with significant contributions from government subsidies and investment income[28]. - In 2022, the company achieved operating revenue of CNY 1,169,765,608.27, a year-on-year increase of 39.94%[41]. - The net profit attributable to shareholders was CNY 305,733,241.42, reflecting a growth of 29.14% compared to the previous year[41]. - The total revenue for the year 2022 was reported at 125.67 million RMB, reflecting a significant growth compared to the previous year[116]. - The company achieved a net profit of 99.94 million RMB, indicating a year-on-year increase of 15%[116]. Market and Industry Trends - The global smartphone shipment in 2022 was 1.21 billion units, a decline of 11.3% year-on-year, indicating a weak consumer electronics market[31]. - The automotive sector saw production and sales of 27.02 million and 26.86 million vehicles respectively in 2022, with year-on-year growth of 3.4% and 2.1%[32]. - The company achieved revenue from new energy vehicles, energy storage batteries, and power batteries in 2022, indicating its capability for mass production and rapid delivery in these new fields[85]. Research and Development - The company’s R&D investment focuses on new energy and new materials, aligning with industry trends and customer needs[34]. - Research and development expenses increased by 35.61% to CNY 67,826,882.77, primarily due to the expansion into new business areas[50]. - The company plans to strengthen its R&D efforts and enhance core competitiveness through talent acquisition and collaboration with educational institutions[83]. - The company has allocated 10 million RMB for research and development in new technologies, focusing on enhancing product efficiency[116]. Operational Efficiency - The company maintains a strict procurement process to ensure quality control and supplier management, supporting its operational efficiency[35]. - The company’s gross profit margin was 44.56%, slightly down by 1.50% from the previous year[44]. - Sales expenses rose by 134.65% to CNY 49,605,835.80, attributed to the expansion of sales scale and increased operational expenditures[50]. Corporate Governance - The company held 9 board meetings during the reporting period, ensuring compliance with legal and regulatory requirements[96]. - The supervisory board convened 8 meetings, with 3 supervisors, including 1 employee supervisor, fulfilling their responsibilities to protect shareholder interests[97]. - The company has a governance structure that includes independent directors, with a focus on maintaining compliance and transparency in operations[106]. - The company emphasizes the importance of shareholder engagement and transparency in its governance practices[106]. Shareholder Structure and Dividends - The company distributed a cash dividend of RMB 12.45 per 10 shares, totaling RMB 150,236,640.00, with a distribution ratio of 100% of the total profit distribution[134]. - The company approved a cash dividend of 15.00 yuan per 10 shares and a capital reserve conversion of 5 shares per 10 shares, increasing registered capital from 80 million yuan to 120 million yuan[190]. - The company’s shareholder structure includes 63,672,000 shares held by domestic investors, representing 52.76% of total shares[181]. Risk Management - The company faces risks from global macroeconomic fluctuations, which could adversely affect market demand and operational performance[87]. - The company is at risk of product and technology obsolescence due to the fast-paced nature of the industry, necessitating continuous innovation and responsiveness[88]. - The company has a high customer concentration risk, relying on a few major clients, which could impact operations if these clients reduce orders[90]. Investments and Subsidiaries - The company established new subsidiaries, including 博硕精密（香港）有限公司 and 成都市博硕精密电子有限公司, enhancing its operational footprint[47]. - The company approved an investment of up to RMB 4,900 million for the development and production of precision functional electronic components[73]. - The company established Chengdu Boshuo Precision Electronics Co., Ltd., holding a 60% stake, which was included in the consolidated financial statements from July 2022[79]. Internal Control and Compliance - The internal control system was updated and improved according to relevant regulations, effectively preventing operational risks and promoting the achievement of internal control objectives[139]. - There were no significant defects identified in the internal control system during the reporting period[142]. - The company has not reported any major or important defects in financial or non-financial reporting during the evaluation period[142]. Employee Engagement and Development - The company emphasizes employee training and development through both online and offline platforms, focusing on skill enhancement and safety awareness[128]. - The company has a performance evaluation mechanism that ties employee salaries and promotions closely to their performance, enhancing motivation[127]. - The total number of employees at the end of the reporting period was 1,243, with 761 in production, 85 in sales, 282 in technology, 26 in finance, and 89 in administration[126].