Financial Performance - In 2022, Yijiahe Technology Co., Ltd. repurchased a total of 3,039,854 shares for a total amount of approximately RMB 130.66 million, which is treated as cash dividends due to the negative net profit for the year[4]. - The company reported a negative net profit for 2022, leading to a decision not to distribute cash dividends or increase capital reserves[4]. - The net profit attributable to shareholders was a loss of CNY 97.95 million in 2022, down 120.28% from a profit of CNY 483.08 million in 2021[23]. - The basic earnings per share (EPS) for 2022 was -0.48 CNY, a decrease of 120.08% from 2.39 CNY in 2021[24]. - The company achieved operating revenue of CNY 668.71 million, a decrease of 47.96% year-on-year[99]. - The company reported a net cash flow from operating activities of CNY 118.83 million in 2022, a significant improvement from a negative cash flow of CNY 10.71 million in 2021[23]. - The total assets increased by 10.30% to CNY 3,719.94 million at the end of 2022, compared to CNY 3,372.48 million at the end of 2021[23]. - The weighted average return on equity (ROE) decreased to -3.83% in 2022, down 25.73 percentage points from 21.90% in 2021[25]. - The company reported a total revenue of 1.5 billion in 2022, representing a year-over-year growth of 15%[158]. - The company reported a net profit margin of 12% for 2022, slightly down from 13% in 2021[158]. Corporate Governance - The board of directors confirmed the authenticity, accuracy, and completeness of the annual report, with no false records or misleading statements[8]. - The company has not faced any penalties from securities regulatory agencies in the past three years[173]. - The company has engaged in various partnerships and collaborations with other firms, enhancing its market presence[169]. - The company is focused on maintaining a competitive edge through strategic management and governance practices[170]. - The company has a differentiated cash dividend policy based on its development stage, with a minimum cash dividend proportion of 80% for mature stages without major capital expenditures[190]. - The independent directors and supervisory board must provide opinions on any proposed adjustments to the profit distribution policy before submission to the board for review[191]. - The company ensures that minority shareholders have sufficient opportunities to express their opinions and that their legal rights are fully protected[194]. Research and Development - The company maintained high R&D and operational expenses to support its "robot + industry" development strategy despite lower-than-expected sales of robotic products[25]. - The company’s R&D investment for 2022 was 192.52 million RMB, accounting for 28.79% of operating revenue, which is a significant increase compared to previous years[36]. - The company has developed and launched several new products, including commercial cleaning robots and smart shared charging systems, expanding into new market sectors[39]. - The company aims to enhance its technological capabilities by focusing on the development of core components and subsystems for robots[35]. - The company has a mature R&D system and a strong team, aiming to increase R&D investment and explore cutting-edge technologies to ensure ongoing innovation capabilities[147]. - The company is investing 50 million in R&D for new technologies aimed at enhancing product efficiency and user experience[164]. Market Strategy - The company is actively pursuing a strategy of "Robots + Industry," targeting sectors such as commercial cleaning, new energy charging, and rail transportation[42]. - The company plans to continue upgrading products related to the power industry and expand into new markets such as commercial cleaning and new energy charging[136]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[158]. - The company plans to pursue strategic acquisitions to enhance its product offerings, with a budget of 500 million allocated for potential deals in 2023[158]. - The company plans to deepen its focus on the power grid market while expanding into new industries to diversify its revenue sources and reduce concentration risks[143]. Operational Efficiency - The company has implemented a flexible production model that allows for rapid adjustments based on order demands, enhancing production efficiency and product quality[88]. - The company is enhancing its management capabilities to address the complexities arising from its expanding scale and product lines[144]. - The company is actively improving its internal confidentiality systems to protect its core technologies and intellectual property from potential leaks[148]. - The company reported a 10% reduction in operational costs due to improved efficiency measures implemented in 2022[167]. Risk Management - The company recognizes the risk of intensified market competition and aims to maintain its competitive edge through continuous innovation and deep customer collaboration[141]. - The company is monitoring accounts receivable closely, as the amount has increased with business growth, and is taking measures to ensure timely collection to avoid bad debt losses[151]. - The company faces risks related to the loss of core technical personnel and the need for a larger talent pool as it expands its services and product lines[149]. - The company will actively monitor national policies and market dynamics to mitigate potential policy risks affecting its business development[140]. Shareholder Engagement - The company has implemented a stock incentive plan, with the repurchase and cancellation of 178,164 shares of restricted stock completed in February 2022[197]. - The company approved a cash dividend of RMB 1.60 per 10 shares (including tax) at the 2022 third extraordinary general meeting, with a total share capital of 207,940,700 shares, resulting in an actual distribution base of 206,980,304 shares after excluding repurchased shares[192]. - The total cash dividend amount distributed was RMB 130,656,371.53, which is not applicable for the ratio of total dividends to the net profit attributable to ordinary shareholders in the consolidated financial statements[196]. - The company will provide online voting options for public shareholders to participate in the general meeting, reflecting their demands and intentions[191]. - The company’s profit distribution policy prioritizes cash dividends over stock dividends, reflecting a commitment to shareholder returns[189].