HAITIAN INT'L(01882)2023-04-24 13:52Financial Performance - For the fiscal year ending December 31, 2022, the company's sales revenue was RMB 12,308.2 million, a decrease of 23.2% compared to RMB 16,018.3 million in 2021[12]. - The net profit attributable to shareholders for 2022 was RMB 2,264.7 million, down 25.8% from RMB 3,052.0 million in the previous year, with a net profit margin of 18.4%[12]. - The gross profit for 2022 was RMB 3,917.5 million, down 23.9% year-on-year, with a gross margin of 31.8% compared to 32.2% in 2021[25]. - The company reported a total comprehensive income of RMB 2,310,431 thousand for the year, compared to RMB 3,030,631 thousand in 2021, indicating a decline of 23.8%[176]. - The cash flow from operating activities for the year was RMB 1,780,608 thousand, down from RMB 3,124,082 thousand in the previous year, reflecting a decline of approximately 43.1%[181]. Sales Breakdown - Domestic sales amounted to RMB 7,916.2 million, representing 64.3% of total sales, a decline of 28.6% from RMB 11,088.2 million in 2021[13]. - Overseas sales reached RMB 4,392.0 million, accounting for 35.7% of total sales, down 10.9% from RMB 4,930.1 million in the previous year[13]. - The Mars series (energy-saving injection molding machines) generated RMB 7,288.3 million in sales, a 33.4% decrease from RMB 10,944.0 million in 2021, representing 59.2% of total sales[15]. - The Jupiter series (two-plate injection molding machines) saw a sales increase of 20.9% to RMB 2,438.8 million, up from RMB 2,017.3 million in 2021, making up 19.8% of total sales[15]. Dividends - The board declared a second interim dividend of HKD 0.55 per share for 2022, compared to a total dividend of HKD 0.95 per share in 2021[12]. - The total interim dividend declared was HKD 0.55 per share[53]. - The company paid dividends amounting to RMB 1,233,292 thousand to shareholders during the year, compared to RMB 1,875,444 thousand in the previous year, a reduction of approximately 34.4%[181]. Strategic Initiatives - The company plans to focus on expanding its market presence and enhancing product development in response to the challenging economic environment[12]. - The company plans to accelerate overseas expansion and has acquired land in Serbia and Malaysia for future manufacturing bases[18]. - The company aims to enhance its management team and implement reforms in marketing, supply chain, and technology to adapt to new challenges[17]. ESG and Sustainability - The company received an upgraded ESG rating to BB from MSCI in January 2023, reflecting its commitment to sustainable development[20]. - In 2022, the total carbon emissions decreased by 28.1%, and energy usage decreased by 15.0%[58]. - The company established a three-tier ESG governance structure to oversee ESG strategy execution[57]. - The company emphasizes compliance with environmental laws and regulations, with a dedicated team monitoring compliance and conducting energy efficiency analyses[107]. Management and Governance - The board of directors consists of both executive and non-executive members, ensuring a balance of skills and experience crucial for the group's business development[65]. - The company has adopted a board diversity policy, aiming for gender equality within approximately ten years, currently comprising ten male members and one female member[77]. - The company has established appropriate insurance arrangements for legal actions against directors and senior management, with regular reviews to ensure adequate coverage[67]. - The company has implemented strict controls and confidentiality measures for handling and disclosing insider information[88]. Financial Position - As of December 31, 2022, the total cash and cash equivalents, time deposits, and restricted bank deposits amounted to RMB 3,590.8 million, RMB 3,100.5 million, and RMB 35.2 million respectively[31]. - The group reported a total of 1,596,000,000 shares issued as of December 31, 2022[53]. - The market capitalization as of December 31, 2022, was HKD 33,356,400,000[53]. - Total assets as of December 31, 2022, amounted to RMB 25,791,201 thousand, a decrease from RMB 26,153,315 thousand in 2021[173]. Employee Information - The group employed a total of 7,159 employees as of December 31, 2022, with a focus on competitive compensation plans[37]. - As of December 31, 2022, the company had 7,159 employees, with a gender ratio of approximately 1:8.23 (776 females and 6,383 males)[78]. - Employee age distribution showed that 32.94% were under 30 years old, 33.40% were between 30 and 40 years old, and 33.66% were over 40 years old, reflecting a diverse range of experience[78]. Audit and Compliance - The financial statements were audited by PwC, which has been the auditor since the company was listed in December 2006[155]. - The independent auditor's report indicates that the company is responsible for preparing true and fair consolidated financial statements in accordance with Hong Kong Financial Reporting Standards and the Companies Ordinance[168]. - The auditor's responsibility includes obtaining reasonable assurance that the consolidated financial statements are free from material misstatement due to fraud or error[169]. - The audit report was issued on March 20, 2023, by the auditing partner Kwan, Wai Cheung[171].