ZJOFHC(600120)2023-04-07 16:00Financial Performance - The company plans to distribute a cash dividend of 0.79 CNY per 10 shares, totaling 269,815,137.87 CNY, which represents 28.50% of the net profit attributable to shareholders for the year 2022[8]. - The company will retain the undistributed profits for future use in 2023[8]. - The company reported a comprehensive income total of approximately -¥827.89 million, worsening from -¥541.01 million in the previous period[25]. - The total comprehensive income for the current period shows a decrease of 903,769,960.21, indicating challenges in profitability[32]. - The company reported a decrease in other comprehensive income by 882,589,547.93, highlighting potential volatility in market conditions[30]. - The company experienced a net decrease in total equity of 458,307,387.15 during the current period, raising concerns about future performance[32]. Share Capital and Equity - As of December 31, 2022, the total share capital of the company was 3,415,381,492 shares[8]. - The total equity attributable to the parent company at the end of the current period is 13,989,565,720.23, an increase of 2,226,125,960.12 compared to the previous period[30]. - The total owner's equity at the end of the period was RMB 13,586,062,069.66, reflecting an increase from the previous year's total[35]. - The total owner's equity at the beginning of the current period was 13,634,063,030.28, showing a solid foundation for growth[32]. - The capital reserve increased by 1,822,507,653.9 during the current period, reflecting a significant growth in retained earnings[30]. - The company’s retained earnings at the end of the period were RMB 5,548,169,315.21, indicating a slight decrease compared to the previous year[35]. Cash Flow - Cash inflow from operating activities reached approximately ¥24.36 billion, up from ¥22.07 billion, reflecting a growth of 10.36%[27]. - Cash outflow from operating activities was approximately ¥23.47 billion, compared to ¥20.60 billion, indicating an increase of 13.93%[27]. - Net cash flow from investment activities was approximately -¥1.07 billion, an improvement from -¥2.32 billion in the previous period[27]. - The net increase in cash from financing activities was approximately ¥2.35 billion, indicating a positive cash flow from financing[27]. Financial Reporting and Compliance - The audit report issued by the accounting firm was a standard unqualified opinion[7]. - The management has confirmed the accuracy and completeness of the financial report, taking legal responsibility for any misstatements[6]. - The financial statements prepared by the company comply with accounting standards and accurately reflect its financial condition and operating results[41]. Investments and Acquisitions - The company has included Zhonghan Life Insurance Co., Ltd. in its consolidated financial statements, resulting in an increase in investment income of 56,211.88 million CNY due to the acquisition of control[13]. - The fair value of the equity held in Zhonghan Life before the acquisition was 908.51 million CNY, with a difference of 679.91 million CNY recognized as investment income[13]. - The company has paid most of the merger consideration and is capable and plans to pay the remaining amount[67]. - The goodwill recognized by the company is the excess of the merger cost over the fair value of identifiable net assets acquired[68]. Financial Assets and Liabilities - Financial liabilities are classified based on the economic substance of the issued financial instruments, not just their legal form[95]. - The company uses the effective interest method to recognize interest income on financial assets, with gains or losses from fair value changes recorded in other comprehensive income[91]. - Financial assets are derecognized when certain conditions are met, such as transferring ownership risks and rewards[112]. - The company assesses expected credit losses based on past events, current conditions, and reasonable forecasts of future economic conditions[118]. Inventory Management - The company recognizes inventory at cost, including procurement, processing, and other costs, and uses a monthly weighted average method for inventory valuation[148]. - The company assesses the net realizable value of inventory and makes provisions for inventory impairment based on individual inventory items[149]. - The company applies a perpetual inventory system for inventory management[151]. Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[39].