RTGF(605133)2023-04-05 16:00Financial Performance - The net profit for the parent company in 2022 was CNY 80,092,158.56, with a distributable profit of CNY 501,050,130.76 after accounting for previous distributions [6]. - The proposed cash dividend is CNY 1.70 per 10 shares, totaling CNY 27,572,130.00, which represents 20.63% of the net profit attributable to ordinary shareholders [6]. - In 2022, the company's operating revenue reached ¥1,545,299,429.24, a year-on-year increase of 32.87% compared to ¥1,163,028,537.69 in 2021 [25]. - The net profit attributable to shareholders was ¥133,640,100.90, reflecting a growth of 32.82% from ¥100,617,412.61 in the previous year [25]. - The main business revenue reached ¥1,500,106,268.64, up 33.13% year-on-year, while the main business cost increased by 35.79% to ¥1,135,989,916.87 [55]. - The company achieved operating revenue of ¥1,545,299,429.24, a year-on-year increase of 32.87% [51]. - The net profit attributable to the parent company was ¥133,640,100.90, reflecting a growth of 32.82% compared to the previous year [51]. - The company reported a revenue of 6,046.00 million for the year 2022, reflecting a growth of 1.75% compared to the previous year [191]. - The net profit for the year 2022 was 353.89 million, with a year-on-year increase of 3.45% [191]. - The total assets of the company reached 18,953.00 million as of December 2022, indicating a growth of 1.75% from the previous year [191]. Operational Highlights - The total share capital as of December 31, 2022, was 162,189,000 shares [6]. - The company’s stock is listed on the Shanghai Stock Exchange under the code 605133 [23]. - The production volume of automotive products reached 2,071.54 thousand units, an increase of 23.21% compared to the previous year, while sales volume was 1,935.95 thousand units, up by 15.65% [58]. - The production volume of motorcycle products decreased by 40.51% to 15.62 thousand units, with sales volume declining by 42.10% to 15.89 thousand units [58]. - The company has established stable relationships with major clients, including Bosch and ZF, and follows a direct sales model to secure long-term contracts and maintain customer satisfaction [42][43]. Research and Development - The company has developed advanced vacuum die-casting technology and partial extrusion technology, enhancing its R&D and innovation capabilities [46]. - The company’s R&D expenses rose by 46.50% to ¥68,530,655.95, indicating a commitment to innovation [53]. - The company employed 235 R&D personnel, making up 8.13% of the total workforce, with a focus on enhancing innovation capabilities [69]. - The company emphasizes R&D as a core advantage, with significant investments in product design and manufacturing processes; failure to maintain R&D could impact competitiveness and profitability [113]. Market Position and Strategy - The company became a major supplier for the domestic leading new energy vehicle enterprise, significantly increasing its share in the new energy business [34]. - The company was recognized as an "Excellent Supplier" and established a strategic partnership with Honeycomb, enhancing its market position in the new energy sector [34]. - The company aims to enhance its global market competitiveness and product structure to meet the growing demand for commercial vehicle components [38]. - The company plans to deepen its market expansion in Europe and North America, leveraging its existing customer base and production capabilities [104]. - The company is focusing on developing new products for the energy storage sector, aiming to capitalize on the global energy revolution trend [104]. Environmental and Compliance - The company invested 8.8843 million yuan in environmental protection during the reporting period [156]. - The company received a minor administrative penalty of 28,000 yuan for environmental pollution due to a delayed response to a water pollution incident [157]. - The company maintains compliance with national standards for emissions, including a 90% collection and treatment efficiency for waste gases [158]. - The company’s operational noise levels are maintained below the limits set by industrial standards, ensuring compliance with environmental regulations [159]. - The company has engaged a qualified third party for annual environmental monitoring, with all monitored data meeting standard requirements [162]. Governance and Management - The company has a transparent information disclosure policy, utilizing multiple designated newspapers and the Shanghai Stock Exchange website to ensure equal access to information for all shareholders [117]. - The supervisory board consists of three members, including one employee supervisor, ensuring compliance with legal requirements [117]. - The company has implemented measures to respect and protect the rights of stakeholders, aiming for a balance of interests among shareholders, employees, and society [117]. - The company has established a dual career development path to enhance employee engagement and support long-term growth [142]. - The company has a structured remuneration decision-making process involving the board's remuneration assessment committee and shareholder approval [126]. Financial Management - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties [173]. - The company has not faced any delisting risk or related warnings during the reporting period [176]. - The current auditor, Zhonghui Certified Public Accountants, has been retained with an audit fee of 800,000 RMB [175]. - The company has not made any changes to accounting policies or estimates that would affect the financial statements [174]. - The company has not engaged in any significant guarantees during the reporting period [183]. Future Outlook - The company provided a future outlook with a revenue guidance of 10,000.00 million for the next fiscal year, reflecting a growth of 1.65% [187]. - New product development initiatives are expected to contribute an additional 4.36% to overall revenue in the upcoming quarters [187]. - The company is focusing on market expansion, targeting a 3.05% increase in market share through strategic partnerships [187]. - A merger and acquisition strategy is in place, aiming to enhance operational efficiency and increase revenue by 3.25% [187]. - The company plans to invest 1,000.00 million in technology upgrades to improve service delivery and customer experience [187].