TOPWAY(002238)2023-03-30 16:00Financial Performance - In 2023, the company plans to achieve operating revenue of CNY 155 million, an increase of CNY 4.51 million or 2.99% compared to CNY 150.49 million in 2022[4] - The total profit for 2023 is projected to be CNY 118 million, up CNY 1.08 million or 10.07% from CNY 107.20 million in 2022[4] - The net profit for 2023 is expected to reach CNY 117.5 million, an increase of CNY 1.07 million or 10.02% from CNY 106.79 million in 2022[4] - The net profit attributable to shareholders of the parent company is forecasted to be CNY 119.5 million, up CNY 0.97 million or 8.80% from CNY 109.83 million in 2022[4] - The company's operating revenue for 2022 was ¥1,504,939,163.14, a decrease of 15.43% compared to ¥1,779,478,954.56 in 2021[26] - The net profit attributable to shareholders for 2022 was ¥109,830,242.70, down 22.67% from ¥142,033,351.68 in the previous year[26] - The net profit after deducting non-recurring gains and losses was ¥60,231,643.44, a decline of 40.40% from ¥101,058,665.86 in 2021[26] - The net cash flow from operating activities was ¥329,458,266.60, which is a 24.36% decrease from ¥435,559,129.49 in 2021[26] - Basic and diluted earnings per share for 2022 were both ¥0.14, down 22.22% from ¥0.18 in 2021[26] - The company reported a significant decline in both revenue and profit metrics, indicating potential challenges in market performance[26] User and Market Dynamics - The company faces risks in cable business market share growth due to industry decline and competition from new media, with ongoing user loss in digital TV[5] - The company is focusing on stabilizing existing users and promoting growth through new integrated products and improved service quality in broadband services[5] - The digital TV user churn rate improved from 8.12% to 7.04%, reflecting better customer retention efforts[40] - Broadband business revenue increased by 1.31% year-on-year, totaling CNY 311.56 million, with ARPU rising by 4.2% to CNY 43.52[40] - The company has expanded its fiber broadband user base significantly, growing from 9,808 users at the end of 2021 to approximately 400,000 users[40] - The number of cable digital TV users decreased by 104,000 to 1.3705 million, while the number of high-definition interactive TV users decreased by 27,000 to 1.0588 million[51] Investment and Infrastructure - The company is investing in new infrastructure and digital economy foundations, including data centers and gigabit optical networks, to enhance service capabilities[8] - The company completed the construction of the first phase of the Shenshan Weishi Data Center and plans to launch the Qinghu Cloud Center in Q1 2023[44] - The company plans to accelerate the construction of data centers and gigabit optical networks, aiming for comprehensive fiber-optic transformation of cable TV networks to enhance service capacity[115] - The company aims to address the shortage of cutting-edge technical talent by improving talent acquisition and training mechanisms[9] Governance and Compliance - The company held 2 shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements to protect the rights of all shareholders, especially minority shareholders[122] - The board of directors conducted 6 meetings, adhering to legal procedures and ensuring effective governance and decision-making processes[124] - The company has established a complete internal control system, ensuring that the board, supervisory board, and management operate independently and effectively[123] - The company is committed to enhancing its governance structure in line with regulatory standards, improving information disclosure, and maintaining investor relations[121] - The company has not experienced any major accounting errors or omissions during the reporting period, ensuring the accuracy and transparency of its financial disclosures[128] Strategic Initiatives and Future Outlook - The company is actively pursuing new business areas such as IDC and cloud computing to drive future growth[39] - Future guidance suggests a continued upward trend in revenue, with expectations of further growth in user engagement and market share[90] - The company plans to expand its market presence through new product launches and technological advancements in smart city solutions and IoT[90] - The company is exploring potential mergers and acquisitions to bolster its competitive position in the telecommunications sector[90] - The company is expected to leverage its experienced leadership to navigate future market challenges effectively[139] Social Responsibility and Environmental Compliance - The company emphasizes environmental protection and sustainable development, integrating these principles into daily operations and decision-making[183] - There were no administrative penalties related to environmental issues during the reporting period, indicating compliance with environmental laws[184] - The company has maintained a focus on environmental responsibility, promoting green products and adhering to strict environmental standards in construction and upgrades[183] Employee and Talent Management - The company aims to enhance its service offerings in data center management and internet information services[89] - The company has established training programs to enhance employee skills in compliance with national regulations[166] - The company has a total of 233 retired employees for which it bears costs[164] - The company has 645 technical personnel, representing a significant portion of the workforce[164] Financial Management and Dividend Policy - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares to all shareholders, based on a total of 802,559,160 shares[10] - The cash dividend distributed was CNY 80,255,916.00, amounting to CNY 1.00 per 10 shares[171] - The company has a policy to distribute at least 10% of the annual distributable profit as cash dividends[169] - The remaining profit after statutory surplus reserve extraction is CNY 133,125,009.53, with the undistributed profit at the end of 2022 being CNY 891,927,378.75 after distributing CNY 80,255,916.00 as cash dividends[172]