PAIKE(605123)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 was ¥2,781,983,169.79, representing a 60.50% increase compared to ¥1,733,347,550.09 in 2021[34] - The net profit attributable to shareholders of the listed company was ¥485,615,994.16, a 59.59% increase from ¥304,294,927.53 in the previous year[34] - The net profit after deducting non-recurring gains and losses was ¥429,880,804.27, which is a 50.00% increase compared to ¥286,591,358.21 in 2021[34] - The net cash flow from operating activities reached ¥166,529,877.74, showing a significant increase of 2,634.01% from ¥6,091,050.74 in the previous year[34] - The total assets of the company at the end of 2022 were ¥5,991,620,724.34, a 90.86% increase from ¥3,139,292,203.77 in 2021[34] - The net assets attributable to shareholders of the listed company increased to ¥3,862,022,992.76, reflecting a growth of 111.67% from ¥1,824,558,771.97 in the previous year[34] - Basic earnings per share reached 4.3634 CNY, a year-on-year increase of 54.87%[64] - Net profit attributable to shareholders was 134,664,796.72 CNY in Q4 2022, showing a consistent growth trend throughout the year[64] - The weighted average return on equity increased to 19.88%, up by 1.97 percentage points compared to the previous year[64] - The company reported a net cash flow from operating activities of 356,532,537.39 CNY in Q4 2022, indicating a strong recovery in cash generation[64] Dividend and Profit Distribution - The company plans to distribute a cash dividend of ¥5.18 per 10 shares, totaling ¥62,766,522.06, based on a total share capital of 121,170,892 shares as of December 31, 2022[3] - The net profit attributable to ordinary shareholders in the consolidated financial statements for the dividend year is 485,615,994.16 RMB, with a dividend payout ratio of 12.93%[171] - The company has established a profit distribution policy that prioritizes cash dividends, as per the requirements of the China Securities Regulatory Commission[168] Market and Industry Position - The increase in operating revenue and net profit is primarily attributed to sufficient orders and enhanced internal production capacity[35] - The company successfully completed a non-public offering of shares during the reporting period, contributing to the increase in total assets and net assets[35] - The company focuses on forging business, with applications in aviation, aerospace, nuclear power, and new energy sectors, indicating a strong alignment with national policy demands for increased domestic aviation and aerospace components[45] - In the aviation sector, the company is advancing its capabilities with the C919 aircraft achieving airworthiness certification and the CR929 aircraft development progressing according to international standards, suggesting a robust growth trajectory in the aviation materials and forgings market[46] - The company has established a strong technical foundation in large special alloy forging technologies, maintaining a leading position domestically and deepening collaborations with major players like Rolls-Royce and GE[44] - The global market for large forgings is expected to grow rapidly, driven by economic recovery and increased demand from developing countries, presenting significant export opportunities for the company[49] Research and Development - Research and development expenses increased by 56.85% to 123,574,799.79 CNY, focusing on aerospace and new energy sectors[100] - The company plans to enhance its R&D efforts in the renewable energy sector, focusing on the production of key equipment components[76] - The company has established partnerships with multiple universities and research institutions to strengthen its R&D capabilities[81] - The company has been recognized for its R&D capabilities, having undertaken several key national projects, which enhances its competitive edge in technology innovation[52] - The company holds 74 patents, including 43 invention patents, showcasing strong R&D capabilities[96] Operational Efficiency - The company’s production efficiency and quality reliability have improved through a sales-driven production model, enhancing overall operational performance[42] - The company aims to maintain a reasonable inventory level to quickly respond to customer demands, thereby improving production efficiency[71] - The company is actively expanding its market presence and optimizing its organizational structure to enhance operational efficiency[69] Governance and Risk Management - The company has established a comprehensive governance structure to ensure independent operations and effective supervision of financial activities[120] - The company has established a comprehensive risk management system to enhance decision-making efficiency and ensure asset safety[147] - The company has adhered to strict internal control management systems to ensure compliance with laws and regulations[146] - The internal control audit report for 2022 was issued with a standard unqualified opinion, confirming the effectiveness of the internal control system[174] Environmental and Social Responsibility - The company is focusing on green development in response to increasing environmental regulations in the petrochemical industry[92] - The company reduced carbon emissions by 832 tons through various carbon reduction measures, including the use of photovoltaic power generation, saving approximately 134.71 tons of standard coal[198] - Total investment in public welfare projects amounted to 3.23 million yuan, primarily for educational funds and charitable donations[199] - The company has consistently adhered to the principle of integrity in tax payments, contributing to local economic development since its establishment[200] Employee and Management Information - The total number of shares held by directors and executives at the end of the reporting period is 65,970,000 shares, with no changes during the year[127] - The total pre-tax remuneration received by the directors and executives during the reporting period amounts to 709.789 million yuan[127] - The company has a total of 950 employees, with 423 in production, 40 in sales, 53 in technology, 10 in finance, and 424 in administration[166] - The company continues to promote a learning culture and provides various training programs for employees[138] - The company has not implemented any stock incentive plans or employee stock ownership plans during the reporting period[144] - The company does not have an employee stock ownership plan in place[172]