Langdi Group(603726)2023-04-27 16:00Financial Performance - In 2022, the company's operating revenue was CNY 1,685,199,275.92, a decrease of 7.39% compared to CNY 1,819,604,562.82 in 2021[21]. - The net profit attributable to shareholders was CNY 91,404,358.02, down 37.74% from CNY 146,805,464.58 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 83,881,046.09, a decrease of 38.03% compared to CNY 135,356,067.52 in 2021[21]. - The net cash flow from operating activities was CNY 122,880,673.58, slightly down by 0.73% from CNY 123,790,076.22 in 2021[21]. - Basic earnings per share were 0.49 RMB, down 37.97% compared to the previous year[24]. - The gross margin for the manufacturing sector was 18.42%, which decreased by 2.27 percentage points compared to the previous year[55]. - The company reported a decrease in investment income to CNY 6,935,144.07 in 2022 from CNY 23,115,891.79 in 2021, a decline of 69.96%[185]. Assets and Liabilities - As of the end of 2022, the total assets amounted to CNY 2,143,432,872.40, an increase of 3.50% from CNY 2,071,022,641.21 at the end of 2021[21]. - The company's long-term equity investments increased by 34.92%, from 198,455,606.07 yuan to 267,754,741.96 yuan[73]. - Total liabilities remained stable at ¥973,794,650.43 in 2022 compared to ¥973,792,848.02 in 2021, indicating minimal change[179]. - Current liabilities increased to ¥917,798,759.05 in 2022 from ¥876,400,179.19 in 2021, reflecting an increase of about 4.5%[178]. Research and Development - Research and development investment totaled 85.5197 million RMB, accounting for 5.07% of operating revenue, with 103 R&D projects initiated[34]. - The company has initiated 67 R&D projects in the home air conditioning fan blade segment, holding a total of 325 patents, including 49 invention patents[35]. - The mechanical fan segment has launched 29 R&D projects and owns 108 patents, with 7 being invention patents[35]. - The composite materials segment has 7 R&D projects and holds 63 patents, including 1 invention patent[35]. Market and Sales - The production of household air conditioning blades decreased by 8.98% to 91.0093 million units, generating revenue of 996 million RMB, a decline of 16.05%[34]. - Composite materials production increased by 38.57% to 13,495.12 tons, with revenue rising by 40.34% to 124 million RMB[34]. - The company expanded its overseas market, achieving foreign revenue of 91.098 million RMB, a year-on-year increase of 6.69%[34]. - Domestic revenue accounted for approximately ¥1.56 billion, a decrease of 7.81% year-over-year, with a gross margin of 17.78%[56]. Corporate Governance - The company held 2 shareholder meetings during the reporting period, ensuring compliance with relevant laws and regulations[88]. - The board of directors convened 4 meetings, with all procedures adhering to legal and internal governance standards[89]. - The supervisory board also held 4 meetings, maintaining independent oversight of financial and managerial compliance[90]. - The company has established a dedicated internal audit department to enhance internal control processes and ensure compliance with regulations[90]. Environmental and Social Responsibility - The company invested ¥1,230,000 in environmental protection initiatives during the reporting period[126]. - The company reduced carbon emissions by 2,167 tons during the reporting period through energy-saving measures and the installation of a distributed solar photovoltaic power station on the factory roof, generating approximately 3.8 million KWH of electricity[130]. - The total charitable donations made by the company amounted to 565,300 CNY, benefiting 645 individuals through various social responsibility initiatives[132]. - The company has not reported any significant environmental incidents during the reporting period, and its pollutant emissions comply with environmental requirements[128]. Risks and Challenges - The company faced challenges due to industry demand decline, reduced customer orders, and lower sales prices, impacting gross profit margins[33]. - High customer concentration poses a risk, as changes in relationships with major clients could significantly impact sales[84]. - The company is exposed to raw material cost volatility, particularly due to fluctuations in oil prices, which can affect production costs[84]. - Labor shortages and rising labor costs in key production areas are challenges that the company is addressing through automation and technological upgrades[86].