TJSMW(600577)2023-03-20 16:00Financial Performance - The company achieved a net profit of ¥269,164,531.96 for the year 2022, with a proposed profit distribution plan that includes a 10% allocation of ¥26,916,453.20 to statutory surplus reserves[6]. - The total distributable profit available to shareholders as of December 31, 2022, is ¥614,148,395.54 after accounting for the cash dividend of ¥59,872,982.13 paid in May 2022[6]. - The company plans to distribute a cash dividend of ¥1.20 per 10 shares (including tax) to all shareholders based on the total share capital excluding shares repurchased[6]. - The company's operating revenue for 2022 was approximately ¥17.54 billion, a decrease of 4.30% compared to ¥18.33 billion in 2021[23]. - Net profit attributable to shareholders was approximately ¥381.08 million, down 30.60% from ¥549.14 million in 2021[23]. - Basic earnings per share decreased to ¥0.19, a decline of 32.14% from ¥0.28 in 2021[24]. - The weighted average return on equity dropped to 8.12%, a decrease of 5.13 percentage points from 13.25% in 2021[24]. - The net cash flow from operating activities improved significantly to approximately ¥1.32 billion, compared to a negative cash flow of ¥498.19 million in 2021, marking a 364.10% increase[23]. - Total assets increased to approximately ¥10.86 billion, reflecting a growth of 7.16% from ¥10.13 billion in 2021[23]. - The net assets attributable to shareholders rose to approximately ¥5.06 billion, an increase of 13.48% from ¥4.46 billion in 2021[23]. Risk Management - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute commitments to investors, highlighting the importance of investment risk awareness[7]. - The company has detailed potential risk factors that may affect future development in the management discussion and analysis section[8]. - The company faces risks from macroeconomic fluctuations, raw material price volatility, and funding challenges, which could impact production costs and operational efficiency[99][100]. - The company will implement comprehensive budget management and strengthen supplier relationships to mitigate raw material price risks, particularly for copper and aluminum[99]. Corporate Governance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm[5]. - The company’s financial report has been confirmed for authenticity and completeness by its management team[5]. - The company emphasizes strict compliance with information disclosure regulations, ensuring transparency and fairness for all investors, particularly minority shareholders[107]. - There were no instances of regulatory criticism or penalties related to information disclosure during the reporting period[107]. - The company actively engages with investors through various channels, including phone communications and online performance briefings, to address their needs and concerns[108]. - The company maintains a strong focus on investor relations management to enhance governance and compliance with regulations[108]. Research and Development - The company has a strong R&D capability with 12 research platforms and 3 national-level laboratories, enhancing its technological innovation and maintaining industry-leading product output rates[38]. - Research and development expenses increased by 6.67% to ¥110,856,616.26, reflecting the company's commitment to enhancing R&D investment[49]. - The total R&D investment amounted to ¥110,856,616.26, representing 0.63% of operating revenue[63]. - The company has ongoing R&D projects focused on improving the efficiency of wire coating processes and related technologies[66]. - The company has established a total of 305 patents, including 94 invention patents, 204 utility model patents, and 7 design patents by the end of 2022[44]. Market Strategy - The company is focusing on the new energy vehicle sector and expanding into emerging industries, with significant investments in high-temperature superconducting materials to meet increasing demand in applications like nuclear fusion and power transmission[33]. - The company is committed to enhancing its product structure and developing new products to capture market share in emerging sectors like 5G communications and military applications[40]. - The company aims to achieve a dual-driven development strategy focusing on traditional and emerging industries to capture new market opportunities[94]. - The company plans to increase investment in technology innovation and R&D, targeting new products and materials in emerging industries such as new materials, renewable energy, and 5G communications[97]. Environmental Initiatives - The company invested approximately 53.48 million yuan in environmental protection during the reporting period[143]. - The company has implemented pollution prevention facilities, including catalytic combustion devices that utilize waste heat for energy efficiency[145]. - The company has engaged in strategic collaborations with universities and suppliers to advance core technologies in its manufacturing processes[153]. - The company has committed to eliminating outdated production capacity and promoting energy-saving and environmentally friendly practices[154]. Employee Development - The company actively promotes talent development through the "优才培养计划," with over 280 employees obtaining vocational qualification certificates[42]. - The company has a training system in place that focuses on skill development and safety training for various job roles[130]. - The company emphasizes talent development through a "talent cultivation plan" to enhance its competitive advantage in innovation and high-quality development[98]. Shareholder Relations - The total cash dividend amount for 2022 is RMB 344,971,652.98, which represents 90.53% of the net profit attributable to ordinary shareholders in the consolidated financial statements[136]. - The company plans to distribute cash dividends of RMB 0.30 per share for the 2021 fiscal year, totaling RMB 59,872,982.13, and for the 2022 fiscal year, it plans to distribute RMB 1.20 per share, pending shareholder approval[133][136]. - The company has implemented a cash dividend policy that enhances transparency and ensures appropriate returns to shareholders, aligning with regulatory guidelines[131][134]. Subsidiary Performance - Tongling Jingda E-commerce Co., Ltd. reported total assets of ¥244.32 million in 2022 from ¥223.29 million in 2021, a growth of 9.4%[79]. - Operating income for Tongling Jingda E-commerce Co., Ltd. decreased to ¥355.86 million in 2022, down 30.5% from ¥512.99 million in 2021, primarily due to a decrease in sales volume[79]. - Net profit for Tongling Jingda E-commerce Co., Ltd. rose to ¥45.36 million in 2022, an increase of 48.5% compared to ¥30.52 million in 2021, attributed to reduced expenses[79]. Financial Structure - The company reported a significant increase in long-term borrowings, totaling ¥211,989,207.45, which is a 256.98% rise from the previous period[73]. - The total amount of guarantees provided by the company, including those to subsidiaries, reached CNY 216,702.15 million, which accounts for 40.37% of the company's net assets[170]. - The company reported a total guarantee amount to subsidiaries of CNY 281,487.75 million during the reporting period[170].