Shenzhen Textile A announced on April 3 that the company's operating income in 2022 was 2.838 billion yuan, a year-on-year increase of 21.8%; the net profit attributable to shareholders of the listed company was 73.3092 million yuan, a year-on-year increase of 31.54%; the basic earnings per share was 0.14 yuan. The company plans to distribute a cash dividend of 0.6 yuan (tax included) to all shareholders for every 10 shares.
In 2022, the panel industry experienced a wave of continuous downward revisions. In the second half of the year, as panel manufacturers continued to adjust production and reduce inventory strategies, the panel market began to improve in the fourth quarter, and is expected to recover further in 2023.
The company's total profit has declined compared with the same period last year. The main reason is: affected by the continued weakening of the LCD TV panel market, the price of polarizers will gradually decline in 2022, and the newly put into production of the polarizer industry project for ultra-large-size TVs (Line 7) During the reporting period, mass production ramped up and losses were large. The company made impairment provisions for inventory and other assets based on expected future net cash flows. The company's operating income and net profit attributable to shareholders of listed companies increased compared with the same period last year. The main reasons are: first, the company's Line 7 production capacity was released, and the overall revenue of the polarizer business increased; second, based on the company's future profit forecast, the company believes that in the future period Being able to generate sufficient taxable income to utilize deductible temporary differences and deductible losses satisfies the recognition conditions for deferred income tax assets, so relevant deferred income tax assets are recognized while reducing income tax expenses.