贵州茅台(600519) - 2022 Q4 - 年度财报

Environmental Protection and Sustainability - Environmental protection funds invested during the reporting period amounted to CNY 38,108.29 thousand[1] - The total approved emissions for the reporting period included COD at 60.1 tons, ammonia nitrogen at 6.01 tons, nitrogen oxides at 203.87 tons, and sulfur dioxide and dust as per emission standards[4] - The company reduced carbon dioxide equivalents emissions by 32,930.60 tons through various carbon reduction measures, including the procurement of 44 million kWh of green power certificates[10] - The newly built park aims for a 100% utilization rate of solid production waste and over a 30% reuse rate of reclaimed water[9] - The company has obtained 6 approvals for environmental impact assessments for new, reformed, and expanded projects in 2022[5] - The company plans to create a demonstration park for the Moutai-flavor liquor industry cluster with intelligent environmental monitoring[9] Financial Performance - Total revenue for the year ended December 31, 2022, was CNY 127,553,959,355.97, an increase from CNY 109,464,278,563.89 in 2021, representing a growth of approximately 16.5%[72] - Operating revenue for the same period was CNY 124,099,843,771.99, up from CNY 106,190,154,843.76 in 2021, indicating a growth of about 16.9%[72] - Total revenue for 2022 reached CNY 71,301,796,876.93, a significant increase from CNY 37,344,898,964.17 in 2021, representing an increase of approximately 90.8%[80] - Total operating costs for 2022 were CNY 10,420,242,137.46, compared to CNY 8,991,912,828.37 in 2021, reflecting an increase of about 15.9%[80] - The company reported investment income of CNY 47,660,330,707.35 for 2022, compared to CNY 44,799,409,723.82 in 2021, an increase of about 6.3%[80] - Net profit for the period reached CNY 65,375,136,766.75, compared to CNY 55,720,529,956.46, reflecting a growth of approximately 17.8%[102] - Total comprehensive income for 2022 was CNY 65,377,377,740.20, compared to CNY 55,712,843,443.43 in 2021, an increase of about 17.5%[80] Shareholder Information - The total number of ordinary shareholders increased from 159,541 to 167,516 during the reporting period[31] - The company’s controlling shareholder remains the State-owned Assets Supervision and Administration Commission of Guizhou Province, with no changes reported during the reporting period[56] - Total shareholders' equity increased to CNY 148,693,274,827.89 in 2022 from CNY 129,645,192,333.72 in 2021, reflecting a growth of approximately 14.7%[72] - The company reported a profit distribution of CNY -57,370,196,191.46, highlighting a strategic approach to managing shareholder returns[116] - By the end of 2022, the total capital was 1,256,197,800 shares, with a cash dividend distribution of CNY 259.11 (before tax) for every 10 shares, totaling CNY 32,549,341,195.80[194] Cash Flow and Liquidity - Cash and cash equivalents decreased to CNY 69,397,227,501.61 in 2022 from CNY 79,115,779,990.88 in 2021, a decline of approximately 12.2%[62] - Net cash flows from financing activities in 2022 were -CNY 57,424,528,979.83, compared to -CNY 26,564,141,388.96 in 2021, indicating a significant increase in cash outflows[86] - Net cash flows from operating activities decreased significantly to CNY 2.48 billion in 2022, down from CNY 12.78 billion in 2021, a decline of about 80.6%[87] - Cash paid for taxes surged to CNY 37.87 billion in 2022, compared to CNY 17.81 billion in 2021, reflecting an increase of approximately 112.5%[87] - The net increase in cash and cash equivalents for the year was a decrease of CNY 9.97 billion in 2022, contrasting with an increase of CNY 27.88 billion in 2021[88] Assets and Liabilities - Total assets reached CNY 161,790,947,699.80 as of December 31, 2022, up from CNY 143,576,118,742.08 in 2021, representing a growth of approximately 12.7%[72] - Total liabilities decreased to CNY 13,097,672,871.91 in 2022 from CNY 13,930,926,408.36 in 2021, a reduction of about 6%[72] - Total current liabilities decreased to CNY 49,065,668,798.38 in 2022 from CNY 57,914,222,254.82 in 2021, a reduction of approximately 15.5%[75] Research and Development - R&D expenses significantly increased to CNY 135,185,680.40 from CNY 61,923,213.59, marking a rise of about 118.5%[102] - The company has developed anti-counterfeit technology and IT-related products, indicating a focus on innovation and technology advancement[128] Market Strategy and Product Development - The company aims to deepen its domestic market while accelerating international market expansion as part of its growth strategy[184] - The company plans to enhance product diversity by developing new products, including Moutai ice cream, to attract younger consumers[184] - The production of Moutai liquor reached 56,810.44 tons, a 0.60% increase, while sales were 37,901.39 tons, up 4.52% compared to the same period[179] - Revenue from Moutai liquor sales amounted to CNY 10,783,368.53, reflecting a 15.37% increase year-over-year[179] Corporate Governance and Compliance - The company has prepared its financial statements on a going concern basis, ensuring transparency and reliability in its financial reporting[130] - The profit distribution proposal is subject to approval by the general assembly of shareholders before implementation[194] - All financial figures in the report are recorded in CNY, ensuring authenticity and objectivity[198]