SDSL(000407)2023-03-17 16:00Financial Performance - The company's operating revenue for 2022 was CNY 4,645,247,339.60, representing a 2.15% increase compared to CNY 4,547,621,826.17 in 2021[10]. - The net profit attributable to shareholders for 2022 was CNY 151,715,746.93, a 37.88% increase from CNY 110,033,081.90 in 2021[10]. - The net profit after deducting non-recurring gains and losses was CNY 134,368,962.79, up 33.60% from CNY 100,572,804.52 in the previous year[10]. - The basic earnings per share for 2022 was CNY 0.1724, reflecting a 37.92% increase from CNY 0.1250 in 2021[10]. - The total assets at the end of 2022 amounted to CNY 7,157,985,785.36, a 1.71% increase from CNY 7,037,942,997.06 at the end of 2021[10]. - The net assets attributable to shareholders increased to CNY 2,727,396,626.45, which is a 4.36% rise from CNY 2,613,347,105.59 in 2021[10]. - The net cash flow from operating activities for 2022 was CNY 269,107,859.35, a decrease of 7.62% compared to CNY 291,309,748.75 in 2021[10]. - The weighted average return on equity for 2022 was 5.68%, an increase of 1.34 percentage points from 4.34% in 2021[10]. Revenue Breakdown - Natural gas business generated ¥3,581,903,977.15, accounting for 77.11% of total revenue, with a year-on-year growth of 7.14%[26]. - Equipment manufacturing business revenue decreased by 11.83% to ¥1,053,062,616.26, down from ¥1,194,352,255.98 in 2021[29]. - Revenue from Shandong region was ¥2,454,127,051.47, representing a decline of 6.78% from ¥2,632,490,668.07 in 2021[26]. - The company reported a significant increase in revenue from Guangxi region, which grew by 83.61% to ¥270,081,232.28[26]. Strategic Initiatives - The company is focused on expanding its clean energy business, particularly in natural gas applications across various sectors[20]. - The company plans to leverage government support policies to optimize its operational performance and enhance sustainable development capabilities[24]. - The company plans to expand its natural gas business by diversifying gas sources and enhancing market development strategies[60]. - The company aims to establish a systematic market development mechanism for its equipment manufacturing business, focusing on both water and gas pipelines[60]. - The company is actively exploring new energy sectors such as photovoltaics, hydrogen energy, and energy storage[59]. Corporate Governance - The company has established a comprehensive corporate governance structure, ensuring clear responsibilities among the board, supervisory board, and management[65]. - There are no significant discrepancies between the company's governance practices and the regulations set forth by the China Securities Regulatory Commission[67]. - The company operates independently from its controlling shareholders in terms of personnel, assets, finance, and business, ensuring autonomous operational capabilities[67]. - The company has a transparent governance structure that protects the rights of minority investors and ensures equal access to information[66]. Risk Management - The company faces risks related to gas procurement price fluctuations and plans to mitigate these through diversified sourcing strategies[61]. - The company will enhance its research and development efforts to address market and raw material price volatility risks in its manufacturing business[62]. Shareholder Engagement - The company held three shareholder meetings during the reporting period, with participation rates of 25.45%, 25.72%, and 25.46% respectively[70]. - The company has maintained a consistent dividend policy, ensuring shareholder returns over the years[111]. - The company proposed a cash dividend of 0.20 CNY per 10 shares, totaling 17,601,693.12 CNY (including tax) for the year 2022[95]. Environmental and Social Responsibility - The company is committed to reducing carbon emissions and promoting clean energy projects, contributing to national strategies for "carbon peak" and "carbon neutrality"[109]. - The company actively engages in social responsibility initiatives, including providing support to vulnerable communities and participating in disaster response efforts[111]. - The company integrates ESG principles into its governance and daily operations to enhance sustainable development capabilities[112]. Future Outlook - The company has set a revenue guidance for 2023, projecting a growth rate of 10% to 12%[121]. - New product launches included two innovative gas products, which are expected to contribute an additional 200 million CNY in revenue[122]. - A merger with a local energy firm is anticipated to be completed by Q3 2023, expected to enhance operational efficiency and reduce costs by 8%[124]. Financial Controls - The company has established a comprehensive internal control system, with 91.54% of total assets and 99.40% of total revenue included in the internal control evaluation scope[99]. - The internal control audit report confirmed the effectiveness of financial reporting internal controls as of December 31, 2022[103]. - The company reported zero significant defects in financial reporting for the year 2022[102]. Related Transactions - The company follows fair market pricing principles for its related transactions, ensuring reasonable pricing based on market conditions[131]. - The company has disclosed its related transactions in compliance with regulatory requirements, including announcements published in major financial media[131]. - The company is committed to transparency in its related transactions, ensuring that they are conducted at market rates[131].