2023-05-16-深交所-东山精密_2022年年度报告（英文版）_148页_2mb

报告摘要

Summary of Suzhou Dongshan Precision Manufacturing Co., Ltd. Annual Report 2022

Core Content

Suzhou Dongshan Precision Manufacturing Co., Ltd. (DSBJ), listed on the Shenzhen Stock Exchange with stock code 002384, is a leading company in the fields of Printed Circuit Boards (PCB), Photoelectric Display, and Precision Manufacturing. The company is committed to becoming a global supplier of core components for the intelligently interconnected world, offering comprehensive and technologically advanced solutions.

Main Business Segments

PCB Segment:
- One of the three major business segments.
- Includes R&D, design, manufacturing, and sales of flexible PCBs, rigid PCBs, rigid-flex PCBs, and other products.
- The company is ranked third globally in PCB manufacturing revenue in 2022.
- Products are widely used in mobile phones, computers, AR/VR devices, wearables, servers, communication equipment, and new energy vehicles.
Photoelectric Display Segment:
- Includes touch panel modules, LED display devices, and LCD modules (LCM).
- Touch panels are used in laptops, tablets, smart home devices, and on-board displays.
- LED products are used in outdoor and indoor small-pitch HD displays.
- The company is a well-known manufacturer in this field.
- Focus on small-pitch LEDs, which are gaining popularity in professional and commercial markets and are expected to enter the civilian market in the future.
Precision Manufacturing Segment:
- Includes precision metal structural components and assemblies.
- Products are mainly used in new energy vehicles, communication equipment, and energy storage.
- Examples include heat dissipation components, shells, body in white, and battery structural parts for new energy vehicles.

Key Financial Highlights (2022)

Item	2022 (RMB)	2021 (RMB)	Y/Y % Change	2020 (RMB)
Operating Revenue	31,580,146,732.58	31,793,147,908.12	-0.67%	28,093,409,430.26
Net Profit (Shareholders)	2,367,519,530.91	1,862,481,138.84	27.12%	1,530,132,196.09
Net Profit (after non-recurring)	2,125,754,423.71	1,576,650,669.18	34.83%	1,301,219,335.83
Net Cash Flows from Operating Activities	4,629,884,011.38	3,209,544,484.21	44.25%	2,932,168,894.65
Basic Earnings per Share	1.39	1.09	27.52%	0.93
Weighted Average Return on Net Assets	15.33%	13.46%	+1.87%	14.41%
Total Assets	40,531,361,181.17	37,951,408,787.25	6.80%	37,503,068,713.54
Net Assets (Shareholders)	16,359,429,480.45	14,576,500,325.15	12.23%	13,068,916,872.79

Dividend Distribution

The company distributed a cash dividend of RMB 1.1 per 10 shares to all shareholders based on 1,702,865,009 shares (excluding treasury shares).
No bonus shares or capital reserve transfers were made.

Non-Recurring Gains or Losses

Item	2022 (RMB)	2021 (RMB)	2020 (RMB)
Gain/Loss on disposal of non-current assets	-14,220,918.02	13,783,433.93	18,548,846.52
Government Grants	317,926,133.80	268,965,326.25	208,864,058.42
Fund occupation fee from non-financial entities	19,777,467.66	25,555,038.76	-
Gain/Loss on entrusted investment	10,408,683.62	11,913,618.63	10,718,494.92
Gain/Loss on fair value changes	-63,657,229.48	17,766,609.82	12,906,432.35
Reversal of impairment loss on receivables	9,500,583.33	22,451,468.46	-
Other non-operating revenue/expenses	3,073,832.45	-1,909,316.59	-1,135,781.75
Other gains/losses	956,961.84	722,866.99	-
Less: Effect on income tax	21,900,816.79	65,906,713.13	46,295,962.38
Effect on minority interests	322,123.55	1,734,292.36	248,266.58
Total	241,765,107.20	285,830,469.66	228,912,860.26

Company Overview

Legal Representative: YUAN Yonggang
Registered Address: No. 88 Tangdong Road, Wuzhong Economic Development Zone, Suzhou
Postal Code: 215124
Office Address: Building 12#, Yunhe Town Headquarters Industrial Park, 99 East Taihu Road, Wuzhong District, Suzhou
Postal Code for Office: 215128
Company Website: www.dsbj.com
Email: dsbj@dsbj.com
Board Secretary: MAO Xiaoyan
Contact Information: 0512-80190019 (Tel), 0512-80190029 (Fax)

Key Advantages

Customer Base: A high-quality domestic and foreign customer base with strong brand recognition and good market performance.
Product Range: A wide range of products and integrated industry chain across all three segments.
Technology: Strong technological innovation capability, with a global R&D team and complete open R&D system.
Management: Advanced management concept, complete system, and efficient execution.
Scale: Strong production scale and synergistic effect to reduce unit costs and increase competitiveness.
Internationalization: Promoting a "dual circulation" development pattern to expand global operations.

Key Financial Indicators by Quarter

Item	Q1	Q2	Q3	Q4
Operating Revenue	7,312,341,630.60	7,233,844,881.71	8,272,468,957.28	8,761,491,262.99
Net Profit (Shareholders)	364,247,140.34	432,088,992.74	784,348,996.94	786,834,400.89
Net Profit (after non-recurring)	304,010,307.06	373,904,270.06	779,265,150.04	668,574,696.55
Net Cash Flows from Operating Activities	685,764,513.69	632,359,164.14	721,837,570.14	2,589,922,763.41

Accounting Standards

There were no differences in net profit or net assets between the Chinese Accounting Standards for Business Enterprises (CASBEs) and International Financial Reporting Standards (IFRS) or overseas accounting standards.

Risk Factors

The company highlights market changes, management efforts, and other external factors as key risks affecting future development.
These risks are detailed in Section III - XI. Prospects for Future Development of the Company.
The company emphasizes the importance of staying ahead of technological trends and adapting to market demands to maintain growth and competitiveness.

Conclusion

Suzhou Dongshan Precision Manufacturing Co., Ltd. has maintained strong financial performance in 2022, with a significant increase in net profit and operating cash flows. The company is well-positioned in the PCB, photoelectric display, and precision manufacturing sectors, with a diversified customer base, advanced technology, and efficient management. It continues to focus on innovation, scale advantages, and international expansion to drive long-term growth and sustainability.

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