Operational Achievements - The company’s subsidiary, Ruifan Energy Technology Co., Ltd., has successfully put into operation a 135MW ultra-supercritical gas-fired power generation unit, which has been running continuously for 168 hours[1]. - The company has established a strategic partnership with Hebei Jinxin Steel Group for energy management projects, indicating a focus on market expansion[1]. - Jiangsu Shentong Valve Co., Ltd. is actively involved in technology development and consulting services, enhancing its competitive edge in the valve and energy equipment market[89]. - The company is focusing on expanding its market presence in the renewable energy sector through its subsidiary Nantong Shentong New Energy Technology Co., Ltd., which reported a revenue of CNY 7,237,038.64 million[92]. Financial Performance - Total operating revenue for 2022 was CNY 1,955,053,960.31, an increase from CNY 1,909,723,752.50 in 2021, representing a growth of approximately 2.4%[174]. - Net profit for 2022 was CNY 227,550,314.41, compared to CNY 253,397,358.39 in 2021, reflecting a decrease of approximately 10.2%[177]. - The company reported a significant increase in long-term borrowings, which rose to CNY 514,007,174.19 from CNY 110,000,000.00, indicating a growth of approximately 367.3%[165]. - The total liabilities reached CNY 2,846,701,618.59, up from CNY 1,996,400,294.94, reflecting a rise of approximately 42.7%[167]. Share Capital and Ownership - The company issued 21,781,305 shares of A-shares at a price of RMB 17.01 per share, raising a total of RMB 370,499,998.05, with a net amount of RMB 361,870,676.09 after deducting issuance costs[17]. - The total number of shares increased from 485,756,156 to 507,537,461, with limited shares increasing by 150 and unrestricted shares increasing by 21,781,155[8]. - The largest shareholder, Ningbo Juyuan Ruili Investment Partnership, holds 16.27% of the shares, totaling 82,578,557 shares[54]. - The total number of common shareholders at the end of the reporting period is 21,938, an increase from 19,313 at the end of the previous month[54]. Cash Flow and Investments - Operating cash inflow increased by 7.48% to ¥1,455,893,281.47, while operating cash outflow rose by 4.59% to ¥1,209,052,121.66, resulting in a net cash flow from operating activities of ¥246,841,159.81, up 24.29%[23]. - Investment cash inflow surged by 112.36% to ¥2,314,834,805.69, while investment cash outflow increased by 114.98% to ¥3,174,105,244.91, leading to a net cash flow from investing activities of -¥859,270,439.22, a decline of 122.38%[23]. - The company launched an industrial development fund with a total scale of 100 million yuan, with 80 million yuan contributed by the company, aimed at investing in various projects[146]. - The company invested CNY 1,951,131,225.39 in various projects, which is a significant rise from CNY 621,872,940.05 in the previous year, indicating a growth of 213.5%[190]. Research and Development - The company employed 241 R&D personnel, representing a 3.43% increase from the previous year, with R&D personnel accounting for 15.97% of the total workforce[119]. - Research and development expenses for 2022 were CNY 74,713,036.31, a slight decrease from CNY 79,718,404.02 in 2021, indicating a reduction of about 6.3%[177]. - The company aims to enhance its competitive advantage in environmental protection, energy-saving, and new energy equipment through new technology and product development[101]. Regulatory and Compliance - The audit opinion for the financial statements was a standard unqualified opinion, indicating compliance with accounting standards[112]. - The company has not disclosed any issues regarding the use of raised funds, reflecting compliance with financial regulations[85]. - The company’s high-tech enterprise recognition is expected to enhance its competitive advantage and reduce tax burdens[3]. Subsidiaries and Acquisitions - The company established two subsidiaries: Rizhao Ruifan Energy Equity Investment Partnership and Shentong Semiconductor Technology (Nantong) Co., Ltd., to align with its strategic planning for long-term development[98]. - Jiangsu Shentong Valve Co., Ltd. acquired 100% equity of Wuxi Flange Forging Co., Ltd. through a combination of non-public share issuance and cash payment, completing the transfer by the end of 2015[138]. - The company signed a framework agreement to acquire controlling interest in Dewei Valve Casting (Suzhou) Co., Ltd., combining share acquisition and cash capital increase[102]. Market Outlook - The company anticipates continued growth in the metallurgical industry, driven by increasing demand and competitive dynamics[199]. - The steel industry is a pillar of China's national economy, supporting sustained rapid economic development with abundant steel production capacity[199].

Financial Performance - Jiangsu Shentong's product sales revenue for the year reached CNY 1,955.054 million, which is a key performance indicator for the company[22]. - The company's operating revenue for 2022 was ¥1,158,878,228.62, a slight increase of 1.6% compared to ¥1,143,896,056.51 in 2021[66]. - Operating profit decreased to ¥202,929,677.55 in 2022, down 27.8% from ¥280,903,175.86 in 2021[66]. - The total comprehensive income for the period decreased by CNY 1,516,653.44, resulting in a total of CNY 251,880,704.95[88]. - The profit distribution included a surplus reserve allocation of CNY 25,302,136.18 and a distribution to owners of CNY -24,287,807.80[93]. - The company reported a total of RMB 20.51 million in government subsidies related to its normal business operations for 2022[152]. - The total operating revenue for 2022 was approximately RMB 2.05 billion, with a net profit attributable to shareholders of RMB 227 million, representing a year-on-year increase of 12.5%[149]. Shareholder Information - The company raised a total of RMB 370,499,998.05 through a private placement of 21,781,305 shares at a price of RMB 17.01 per share, with a net amount of RMB 361,870,676.09 after deducting issuance costs[3]. - The total number of shares held by the top 10 unrestricted shareholders includes 82,578,557 shares held by Ningbo Juyuan Ruili Investment Partnership, representing a significant portion of the company's equity[7]. - The company’s actual controller, Han Li, is also the controlling person of the largest shareholder, Ningbo Juyuan Ruili Investment Partnership[9]. - The company’s top 10 unrestricted shareholders do not have any agreed repurchase transactions during the reporting period[9]. Audit and Compliance - The company received a standard unqualified audit opinion from Tianzhi International Accounting Firm for the financial statements as of December 31, 2022[18]. - The company’s financial report was signed off on April 16, 2023, indicating timely compliance with regulatory requirements[18]. - The management is responsible for ensuring the accuracy of financial reporting and compliance with auditing standards[25]. - Jiangsu Shentong's financial statements are subject to audit to provide reasonable assurance that they are free from material misstatement due to fraud or error[25]. Assets and Liabilities - The total assets of the company as of December 31, 2022, amounted to ¥4,228,985,230.53, an increase from ¥3,542,776,356.35 in 2021[61]. - The total current liabilities increased to ¥2,131,477,615.69 in 2022 from ¥1,813,065,963.52 in 2021[59]. - Long-term borrowings rose significantly to ¥514,007,174.19 in 2022 from ¥110,000,000.00 in 2021[59]. - The company’s non-current assets totaled ¥1,810,327,871.37, up from ¥1,442,884,108.30 in the previous year[61]. - The company’s contract liabilities decreased to ¥167,925,439.99 in 2022 from ¥211,670,809.22 in 2021[59]. Research and Development - The company completed the R&D of the nuclear chemical instrument ball valve, aiming to expand the supply range of ball valves[51]. - The number of R&D personnel decreased by 1.46% from 2021 to 2022, with a total of 99 undergraduates and 1 PhD[53]. - Research and development expenses were ¥47,600,883.50 in 2022, a decrease of 10.4% from ¥53,164,429.70 in 2021[66]. - The company has made substantial investments in R&D for high-end products applicable to both nuclear power and military sectors, anticipating significant market opportunities[157]. Market and Future Outlook - The company’s future outlook includes continued focus on product development and market expansion strategies[21]. - The company aims to expand its market share in the energy and petrochemical sectors, focusing on traditional products like butterfly valves and ball valves[159]. - The company plans to actively explore the LNG market, which is expected to have significant growth potential under national environmental strategies[159]. - The company is positioned to benefit from the increasing demand for comprehensive energy services due to the "dual control" policy on energy consumption[161]. Financial Policies and Practices - The company recognizes research and development costs as expenses during the research phase and capitalizes them during the development phase if certain criteria are met[29]. - The company capitalizes interest expenses incurred on specific borrowings for asset construction, deducting any interest income earned on unutilized funds[26]. - The company recognizes financial assets and liabilities upon entering into financial instrument contracts, ensuring proper classification and measurement[126]. - The company measures inventory at the lower of cost and net realizable value, recognizing impairment for inventory when the cost exceeds the net realizable value[191]. Procurement and Supplier Management - The total procurement amount from the top five suppliers is ¥601,419,971.62, accounting for 26.33% of the annual total procurement[49]. - The largest supplier contributed ¥339,791,900.00, representing 14.88% of the annual procurement total[49]. - The company has established a stable procurement channel and a comprehensive supplier management system, ensuring quality control and supplier evaluation[164]. - The company employs a procurement model that combines "production-based ordering" and "appropriate reserves," optimizing inventory management[164]. Risk and Uncertainty - The company acknowledges the uncertainty in achieving future business plans due to market conditions and operational efforts[132]. - The company will recognize any unrealized losses from internal transactions only if there is evidence of asset impairment[119].

证券代码：002438 证券简称：江苏神通 公告编号：2023-024 江苏神通阀门股份有限公司 关于举行 2022 年度网上业绩说明会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 江苏神通阀门股份有限公司（以下简称"公司"）2022 年年度报告全文及 摘要已于 2023 年 4 月 18 日刊登于巨潮资讯网、《证券时报》《中国证券报》。 为方便广大股东和投资者特别是中小投资者进一步了解公司 2022 年度生产 经营、产品研发与市场拓展及未来发展战略等情况，公司定于 2023 年 4 月 25 日 （星期二）下午 15:00-17:00 在全景网举行 2022 年度业绩网上说明会，本次年 度业绩说明会将采用网络远程的方式举行，广大投资者可登陆"全景•路演天 下"（http://rs.p5w.net）参与本次年度业绩说明会。 出席本次年度业绩说明会的嘉宾有：董事、总裁吴建新先生、独立董事严骏 先生、副总裁兼董事会秘书章其强先生、财务总监林冬香女士、审计总监洪学超 先生、保荐代表人张翼等。 江苏神通阀门股份有限公司董事会 2023 年 4 月 18 日 ...