WLY(SZ:000858)2023-04-28 16:00Financial Performance - The total revenue for 2022 was CNY 73,968,640,704.54, representing an increase of 11.72% compared to CNY 66,209,053,612.11 in 2021[12]. - The net profit attributable to shareholders for 2022 was CNY 26,690,661,397.42, up 14.17% from CNY 23,377,074,353.40 in the previous year[12]. - The net profit after deducting non-recurring gains and losses was CNY 26,662,736,708.98, reflecting a 14.30% increase from CNY 23,327,729,257.82 in 2021[12]. - The basic earnings per share for 2022 was CNY 6.876, which is a 14.16% increase from CNY 6.023 in 2021[12]. - The company reported a total profit of 37.104 billion yuan for the year, reflecting a year-on-year increase of 14.34%[16]. - The company achieved total operating revenue of CNY 73.97 billion in 2022, representing a year-on-year growth of 11.72%[28]. - Net profit attributable to shareholders reached CNY 26.69 billion, with a year-on-year increase of 14.17%[28]. - The company reported a significant increase in revenue, achieving a total of 10 billion yuan for the fiscal year 2022, representing a year-on-year growth of 15%[70]. Assets and Liabilities - The total assets at the end of 2022 amounted to CNY 152,714,727,880.22, a 12.60% increase from CNY 135,620,812,221.13 at the end of 2021[12]. - The net assets attributable to shareholders reached CNY 114,025,058,788.17, marking a 15.10% increase from CNY 99,068,498,346.24 in the previous year[12]. - Total liabilities stood at CNY 36.03 billion, up from CNY 34.23 billion, which is an increase of approximately 5.3%[163]. - The company's equity attributable to shareholders rose to CNY 114.03 billion from CNY 99.07 billion, reflecting an increase of around 15.1%[163]. - The total assets of the company amounted to CNY 73,243,424,621.08, compared to CNY 65,156,733,379.55 in 2021, indicating a year-on-year increase of 12.8%[165]. Cash Flow - The net cash flow from operating activities was CNY 24,431,136,261.48, down 8.75% from CNY 26,774,941,873.05 in 2021[12]. - The company’s cash flow from operating activities was negative at -3.401 billion yuan, with a significant increase in cash flow in Q4 reaching 13.646 billion yuan[14]. - Cash and cash equivalents at the end of 2022 increased by CNY 9,609,386,518.94 compared to the previous year, indicating a strong liquidity position[171]. - The net cash inflow from investment activities was CNY 17,744,036,884.86, compared to CNY 17,488,323,075.56 in the previous year, reflecting an increase of approximately 1.46%[172]. Market Strategy and Product Development - The company launched 23 new product series in 2022, enhancing its product portfolio and meeting diverse consumer needs[18]. - The company optimized its product structure by eliminating 12 brands and launching several new cultural liquor products, which were well-received by consumers[27]. - The company is actively implementing a high-quality doubling project, including several major construction and renovation projects[27]. - The company is focusing on technological advancements in production, aiming to reduce production costs by 8% through automation and process optimization[70]. - New product launches are expected to contribute an additional 1 billion yuan in revenue in 2023[67]. Marketing and Sales - The company’s marketing efforts included over 50,000 enterprise visits throughout the year to strengthen channel partnerships[18]. - The company’s market strategy focused on optimizing product systems and enhancing brand image through high-profile collaborations and media partnerships[18]. - The sales revenue from Wuliangye products was ¥55.34 billion, with a gross margin of 86.56%, up by 12.67% year-on-year[21]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share by 2025[187]. Research and Development - The company reported a significant increase in R&D expenses, which rose by 32.90% to ¥235.78 million, indicating a focus on enhancing production technology[40]. - Research and development expenses for the year were CNY 235,783,645.79, compared to CNY 177,411,727.65 in 2021, representing a growth of 32.8%[166]. - The company identified over 100 active small molecules from its brewing process, leading to 13 patent applications, of which 9 have been authorized[41]. Governance and Corporate Structure - The company completed the election of the sixth board of directors and supervisory board, enhancing its governance structure[64]. - The company has established an independent financial institution with its own accounting system and management policies[65]. - The company has streamlined its subsidiary structure by deregistering non-core businesses to optimize operations[56]. - The company has engaged with various institutional investors through multiple communication channels, including site visits and conference calls[63]. Environmental and Social Responsibility - The company has established 15 environmental management policies and complies with 218 environmental protection laws and standards[103]. - The company has implemented environmental protection projects and pollution control facilities with a total investment of approximately 230 million yuan and paid an environmental protection tax of 388,000 yuan[110]. - The company has been recognized for its efforts in poverty alleviation and rural revitalization, receiving multiple awards for its initiatives[116]. - The company has created over 1,000 job opportunities through various recruitment methods, including for graduates and disadvantaged groups[123]. Employee and Shareholder Engagement - The company distributed a total cash dividend of approximately CNY 14.68 billion, with a dividend per 10 shares of CNY 37.82[92]. - The employee stock ownership plan (ESOP) involved 2,428 employees holding a total of 23,696,280 shares, representing 0.61% of the company's total equity[94]. - The company has implemented a performance-based remuneration system for its directors and senior management[75]. - The total compensation for the company's directors and supervisors during the reporting period amounted to 1,304.21 million RMB[77].