Financial Performance - The net profit attributable to shareholders for 2022 was RMB 409.0387 million, with an accumulated undistributed profit at the end of the year of RMB -245.4285 million[3]. - The company achieved a net profit of RMB 416.1091 million in 2022, resulting in an undistributed profit of RMB -727.5654 million at year-end[3]. - The board of directors proposed no profit distribution or capital reserve transfer to increase share capital for the year 2022[3]. - The company did not recommend the declaration of dividends for the year ending December 31, 2022[3]. - The company's operating revenue for 2022 was CNY 5,030,111,246.27, representing a 38.73% increase from CNY 3,625,851,456.04 in 2021[12]. - Net profit attributable to shareholders for 2022 was CNY 409,038,651.70, a 59.93% increase compared to CNY 255,755,695.03 in 2021[12]. - The basic earnings per share for 2022 was CNY 0.63, up 43.18% from CNY 0.44 in 2021[13]. - Operating profit reached RMB 467,071,432.84, reflecting a year-on-year increase of 34.25%[25]. - The company reported a total revenue of RMB 754.32 million from accounts receivable financing, up from RMB 369.86 million at the beginning of the year, indicating a change of 103.92%[17]. Assets and Liabilities - The total assets at the end of 2022 were CNY 10,565,902,910.42, a 14.19% increase from CNY 9,253,057,019.24 in 2021[12]. - The company's net assets attributable to shareholders increased by 10.37% to CNY 4,232,430,907.35 at the end of 2022[12]. - The company’s asset-liability ratio was 56.33%, an increase of 3.22 percentage points from the end of 2021[25]. - Total liabilities increased by 11.38% to RMB 4,147,163,623.26 as of December 31, 2022, while non-current liabilities rose by 51.58% to RMB 1,805,097,022.44[71]. - The total debt-to-asset ratio was 56.33% as of December 31, 2022, compared to 53.11% at the end of 2021[71]. Cash Flow - The net cash flow from operating activities for 2022 was negative CNY 398,045,232.39, a significant decrease from positive CNY 136,314,148.15 in 2021, reflecting a 392.01% decline[12]. - Cash flow from operating activities showed a net outflow of RMB 398,045,232.39, a significant decrease compared to the previous year[28]. - Net cash outflow from investing activities was CNY 661,818,579.92, a decrease of CNY 1,048,764,716.08 year-on-year[54]. - Net cash inflow from financing activities was CNY 582,527,880.92, down by CNY 1,802,091,387.95 compared to the previous year[54]. Market and Industry Trends - The photovoltaic industry in China saw a record new installed capacity of 87.41 GW in 2022, a year-on-year increase of 60.3%[22]. - The total export value of China's photovoltaic products reached approximately USD 51.25 billion in 2022, a year-on-year increase of 80.3%[22]. - The overall profit in the photovoltaic glass industry decreased due to increased supply and rising raw material prices, despite the growth in production capacity[22]. - The market share of bifacial modules reached 40.4% in 2022, with expectations to surpass monofacial modules by 2024[74]. Research and Development - In 2022, the company invested nearly RMB 200 million in R&D, with an R&D intensity of 3.97%, and filed 75 patent applications, including 31 invention patents[21]. - Research and development expenses increased by 12.61% to RMB 173,792,882.39, indicating a continued focus on innovation[27]. - The total R&D investment amounted to CNY 199,865,039.75, representing 3.97% of operating revenue[51]. - The number of R&D personnel is 376, accounting for 11.00% of the total workforce[52]. Governance and Compliance - The company maintains compliance with corporate governance codes and has not engaged in any undisclosed transactions[98]. - The company has established a governance structure that clearly delineates the responsibilities of the shareholders' meeting, board of directors, supervisory board, and management, ensuring effective operation and oversight[106]. - The board of directors consists of 11 members, including 5 executive directors, 2 non-executive directors, and 4 independent non-executive directors, with various specialized committees established to enhance governance[106]. - The company emphasizes the protection of minority investors' rights through active communication and timely responses to inquiries, fostering a harmonious investor relationship[110]. - The company has established an investor relations management system to enhance communication with investors and improve governance[193]. Environmental Responsibility - The company invested approximately 42.89 million RMB in environmental protection during the reporting period[195]. - The company has implemented a mechanism for environmental protection and pollution control in its production processes[195]. - The company is committed to reducing its environmental footprint through advanced treatment technologies[200]. - The emissions include key pollutants such as particulate matter, SO2, NOx, BOD5, and NH3-N[200]. Strategic Initiatives - The company plans to continue expanding its market presence and invest in new technologies to drive future growth[12]. - The company aims to leverage its ultra-thin photovoltaic glass production technology to lead the industry's development towards thin-film solutions[89]. - The company is actively pursuing new technology development in renewable energy, aiming to enhance its competitive edge in the market[144]. - The company plans to enhance shareholder value through potential mergers and acquisitions in related industries[144].

Financial Performance - The company reported a net loss of RMB 245,428,527.10 for the year ended December 31, 2022, compared to a net loss of RMB 654,467,178.80 in 2021, showing an improvement of approximately 62.5%[4]. - The company's operating revenue for the current period reached CNY 5,030,111,246.27, a 38.8% increase from CNY 3,625,851,456.04 in the previous period[8]. - Operating profit for the current period was CNY 467,071,432.84, compared to CNY 347,905,580.06 in the previous period, reflecting a growth of 34.2%[8]. - Net profit attributable to shareholders was CNY 409,038,651.70, up from CNY 255,755,695.03, marking an increase of 60%[9]. - Basic and diluted earnings per share both improved to CNY 0.63 from CNY 0.44, representing a 43.2% increase[9]. - The company reported a total revenue of 3,857,589,394.08 RMB for the current period[20]. - The net profit for the year was RMB 459,169,690.37, compared to RMB 0 in the previous year, indicating a strong recovery and profitability[36]. - The company's operating revenue reached RMB 5,030,111,246.27, an increase of 38.73% year-on-year[75]. - Operating profit was RMB 467,071,432.84, reflecting a year-on-year increase of 34.25%[75]. - Net profit attributable to shareholders was RMB 409,038,651.70, up 59.93% compared to the previous year[75]. Assets and Liabilities - As of December 31, 2022, total current assets amounted to RMB 4,069,864,365.45, an increase from RMB 3,168,635,439.19 in 2021, representing a growth of approximately 28.4%[2]. - The company's total liabilities increased to RMB 5,952,260,645.70 in 2022 from RMB 4,914,179,370.08 in 2021, reflecting a rise of about 21.1%[4]. - The total equity attributable to shareholders reached RMB 4,232,430,907.35 as of December 31, 2022, compared to RMB 3,834,809,285.82 in 2021, indicating an increase of approximately 10.4%[4]. - The company has a long-term receivable of RMB 55,000,000.00 as of December 31, 2022, unchanged from the previous year[5]. - The company's total assets increased to RMB 10,565,902,910.42 in 2022 from RMB 9,253,057,019.24 in 2021, reflecting a growth of approximately 14.2%[4]. - The asset-liability ratio at the end of the reporting period was 56.33%, an increase of 3.22 percentage points from the end of 2021[75]. - The company's goodwill was recorded at RMB 17,583,473.33, indicating a significant asset presence[92]. Cash Flow - The company reported a net cash outflow from operating activities of CNY -398,045,232.39, compared to a net inflow of CNY 136,314,148.15 in the previous period[13]. - Investment activities resulted in a net cash outflow of CNY -661,818,579.92, an improvement from CNY -1,710,583,296.00 in the previous period[14]. - The net cash flow from financing activities was 582,527,880.92 CNY, a decrease of 75.6% compared to the previous period's 2,384,619,268.87 CNY[15]. - Cash inflow from operating activities totaled 393,052,290.95 CNY, up 41.3% from 278,192,308.94 CNY in the prior period[16]. - The cash outflow for investment activities was 741,889,038.15 CNY, a decrease from 2,005,211,975.00 CNY in the previous period[16]. - The company received CNY 591,662,259.58 from the disposal of subsidiaries and other business units, contributing to cash flow[14]. - The company paid 879,990,000.00 CNY in debt repayments, which is an increase from 465,521,271.66 CNY in the previous period[17]. - The net increase in cash and cash equivalents was 27,939,044.36 CNY, compared to an increase of 194,339,536.56 CNY in the previous period[17]. Research and Development - Research and development expenses increased to CNY 173,792,882.39 from CNY 154,331,928.64, indicating a focus on innovation[8]. - The company invested nearly CNY 200 million in R&D in 2022, with an R&D intensity of 3.97%[73]. - The company has seen a notable increase in R&D and technological improvement subsidies, totaling CNY 2,196,551.00 in the current period, compared to CNY 1,803,918.00 previously[46]. - Research and development expenses totaled ¥199,865,039.75, accounting for 3.97% of total revenue, with 376 R&D personnel representing 11.00% of total staff[89]. Market and Sales - The revenue from the information display glass segment was RMB 22,338,394.46, while the new energy glass segment generated RMB 4,690,225,120.26, contributing significantly to overall revenue[36]. - The revenue from the domestic market (excluding Hong Kong, Macau, and Taiwan) was RMB 4,712,969,132.33, showing a significant increase from RMB 3,418,257,174.18 in the previous year[37]. - The company relies heavily on three major customers from the new energy segment, with transaction amounts exceeding 10% of total revenue, specifically RMB 1,030,036,424.48, RMB 865,058,981.44, and RMB 510,004,147.05[38]. - The company reported a significant increase in photovoltaic product exports, totaling approximately USD 51.25 billion, a year-on-year growth of 80.3%[74]. - Sales volume of new energy glass increased by 50.81% year-over-year, totaling 22,913.82 million square meters, while inventory decreased by 14.98%[82]. Corporate Governance and Compliance - The company strictly adhered to corporate governance codes and regulations throughout the reporting period[101]. - The independent auditor confirmed that the financial data for the year ending December 31, 2022, is consistent with the annual report data[105]. - All related party transactions were conducted under fair commercial terms and aligned with the overall interests of shareholders[104]. - The board of directors includes five executive directors and four independent non-executive directors, ensuring diverse governance[106]. Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[8]. - The company aims to expand its market presence and enhance product offerings, focusing on new technologies and strategic acquisitions in the upcoming fiscal year[44]. - The company plans to launch the Yixing New Energy project in the first half of 2023, further expanding its production capabilities[72]. - The company aims for effective qualitative improvements and reasonable quantitative growth in 2023, focusing on core business and strategic goals[100].