GOLDWIND(002202)2023-03-30 16:00Financial Performance - The company's operating revenue for 2022 was CNY 46,436,849,850.51, a decrease of 8.77% compared to 2021[11]. - The net profit attributable to shareholders for 2022 was CNY 2,383,432,917.84, down 36.12% from the previous year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,987,491,751.68, a decline of 39.18% year-on-year[11]. - The basic and diluted earnings per share for 2022 were CNY 0.5203, a decrease of 39.05% compared to 2021[11]. - The company's return on equity was 6.38% for 2022, down from 10.72% in the previous year[11]. - The company reported a total revenue of 77,279,544 million CNY for the year 2022[104]. - The company reported a total revenue of 10 billion RMB for the year 2022, representing a year-on-year increase of 15%[112]. - The net profit for the year was 1.2 billion RMB, which is a 20% increase compared to the previous year[118]. - The company reported a total revenue of 10.5 billion RMB for the fiscal year 2022, representing a year-over-year increase of 15%[118]. Cash Flow and Assets - The net cash flow from operating activities increased by 18.39% to CNY 5,881,321,189.73 in 2022[11]. - The total assets at the end of 2022 reached CNY 136,822,377,978.20, representing a 14.34% increase from 2021[11]. - The net cash flow from financing activities surged by 99.27% to CNY 6,917,456,545.86, primarily due to increased borrowings[63]. - As of the end of 2022, cash and cash equivalents amounted to ¥15,627,981,798, representing 11.42% of total assets, an increase of 4.25% from the beginning of the year[65]. - Accounts receivable stood at ¥24,286,356,207.34, accounting for 17.75% of total assets, a decrease of 1.96% compared to the previous year[65]. - Inventory increased to ¥9,847,658,324.79, making up 7.20% of total assets, with a rise of 3.17% from the start of the year[65]. Market Position and Growth - The company ranked first in the domestic wind power market with a new installed capacity of 11.36 GW, capturing 23% market share, and ranked first globally with a total of 12.7 GW, holding 14.82% market share[26]. - The company anticipates a compound annual growth rate of over 11% in the Chinese wind power market over the next decade, with an expected 662 GW of new installed capacity from 2022 to 2031[90]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[118]. - The company is exploring potential mergers and acquisitions to enhance its market position, with a budget of 2 billion RMB allocated for potential mergers and acquisitions[121]. Research and Development - Research and development expenses amounted to ¥1,588,653,662.98, a slight increase of 0.32% compared to the previous year[60]. - R&D investment reached ¥2,221,529,197.73, which is 4.78% of operating revenue, up from 4.40% in the previous year[62]. - The company is investing 500 million RMB in R&D for new technologies in renewable energy solutions[112]. - The company is committed to enhancing its research and development efforts to drive innovation in wind turbine technology[107]. Environmental Commitment - The company achieved a 7.6% reduction in total greenhouse gas emissions in 2022 compared to 2021, and reached carbon neutrality at the operational level through energy-saving measures and purchasing carbon offsets[180]. - The company has implemented energy management systems across 8 factories, achieving ISO 50001 certification by the end of 2022[177]. - The company has established emergency response plans for environmental incidents at all wastewater treatment plants, ensuring effective management and response capabilities[175]. - The company is committed to meeting the Class A standards for wastewater discharge as per the national regulations[167]. Corporate Governance - The company has a robust corporate governance structure, with a board of directors comprising 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[98]. - The company maintains independence from any controlling shareholders, ensuring autonomy in operations and governance[100]. - The company has established a comprehensive internal control system that meets the requirements of relevant laws and regulations, ensuring the protection of shareholder rights[155]. - The company has complied with information disclosure obligations, ensuring timely and accurate external disclosures[143]. Stakeholder Engagement - The company held multiple communication sessions with institutional investors throughout 2022 to discuss operational performance and industry outlook[96]. - A total of 3,495 investors were received by the company in 2022, indicating active engagement with stakeholders[100]. - The first extraordinary general meeting of 2022 had an investor participation rate of 46.57%[101]. Challenges and Risks - The company faced challenges in 2022 due to global economic factors, with the IMF projecting a global economic growth rate of 2.9% for 2023[19]. - The company plans to utilize a combination of self-owned funds and bank loans to meet its operational funding needs in 2023, ensuring strong debt repayment capability and stable financing channels[93]. - The company faces policy risks that could impact the production and sales of its main products due to changes in national and industry policies[94].