XZB(603040)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 was ¥526,805,234.71, representing a year-over-year increase of 21.93% compared to ¥432,058,571.87 in 2021[20]. - The net profit attributable to shareholders for 2022 was ¥155,760,548.86, which is a 10.66% increase from ¥140,759,989.91 in 2021[20]. - The cash flow from operating activities for 2022 was ¥136,745,032.76, reflecting a 23.43% increase from ¥110,784,127.70 in 2021[20]. - The total assets at the end of 2022 amounted to ¥1,282,080,575.73, marking a 14.20% increase from ¥1,122,629,533.87 at the end of 2021[20]. - The basic earnings per share for 2022 was ¥1.17, up 10.38% from ¥1.06 in 2021[21]. - The weighted average return on equity for 2022 was 15.19%, slightly increasing by 0.01 percentage points from 15.18% in 2021[21]. - The company achieved a revenue of ¥526,805,234.71, representing a year-on-year growth of 21.93%[52]. - The net profit attributable to shareholders was ¥155,760,548.86, marking a growth of 10.66% compared to the previous year[52]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 3.50 per 10 shares, totaling approximately RMB 47.29 million, representing a cash dividend payout ratio of about 30.36% for the year[5]. - The total amount of cash dividends distributed accounted for 30.36% of the net profit attributable to ordinary shareholders[128]. - The company’s cash dividend policy complies with its articles of association and provides clear standards and procedures for distribution[126]. Audit and Compliance - The company received a standard unqualified audit report from Zhonghui Certified Public Accountants[4]. - The board of directors and senior management have guaranteed the authenticity, accuracy, and completeness of the annual report[4]. - The company’s financial report has been signed and stamped by the legal representative and accounting personnel, ensuring its validity[9]. - The internal control audit report received a standard unqualified opinion, indicating no significant deficiencies in internal controls[134]. - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2022[196]. Risk Management - The company has detailed potential risks in its management discussion and analysis section, highlighting the importance of investor awareness regarding investment risks[6]. - The company’s future plans and development strategies are subject to investment risks and do not constitute substantial commitments to investors[6]. - The company faces risks related to the dependence on the automotive industry's performance, which is closely tied to macroeconomic conditions[91]. Share Capital and Ownership - The total share capital of the company as of April 26, 2023, is 135,222,509 shares, after deducting 114,613 shares held in the repurchase account[5]. - The total number of shares held by the board members at the beginning of the year was 6,085,856, which increased to 6,145,487 by the end of the year, reflecting a change of 59,631 shares[101]. - The largest shareholder, Hangzhou Zuofeng Investment Management Co., Ltd., holds 69,205,500 shares, representing 51.18% of the total shares[184]. - The total number of common shareholders increased from 8,672 to 9,564 during the reporting period, indicating a growth of approximately 10.3%[182]. Research and Development - The company has 75 R&D personnel, making up 10.82% of the total workforce[67]. - R&D expenses totaled ¥33,413,686.41, accounting for 6.34% of total revenue[66]. - The company is focusing on expanding its research in cold forging technology for various automotive precision components, including electric drive systems and battery housings[89]. Environmental Responsibility - The company invested 607,000 CNY in environmental protection during the reporting period[136]. - The company has established mechanisms for environmental protection and complies with relevant pollution discharge standards[137]. - The company has implemented measures to reduce carbon emissions, achieving a reduction of 1,294 tons of CO2 equivalent during the reporting period[140]. - The company emphasizes energy conservation and emission reduction, actively promoting a circular economy to minimize environmental impact from production processes[139]. Management and Governance - The company reported a significant change in management personnel, with multiple new appointments in key positions[104]. - The company has appointed independent directors and professionals in various sectors to strengthen its governance structure[105]. - The management team includes experienced professionals from diverse industries, contributing to strategic decision-making[105]. - The company aims to improve operational efficiency and financial performance through strategic management changes and new initiatives[105]. Customer and Market Position - The company has a strong customer base, including major clients like SAIC Volkswagen, BYD, and Stellantis, and is expanding into new markets such as precision components for automotive transmissions[51]. - The company holds a leading position in the domestic cold precision forging sector, with a comprehensive R&D capability across the entire industry chain[39]. - The company has established a solid market position in precision valve components, with stable market share and increasing sales of valve train products[50]. Financial Management - The company plans to use up to 450 million RMB of idle funds for entrusted wealth management within a year[169]. - The company has confirmed that all entrusted financial management products have been recovered and are compliant with legal procedures[171]. - The total amount of entrusted financial management from self-owned funds was CNY 67 million, with an outstanding balance of CNY 57.5 million and no overdue amounts[171].