巨力索具(002342) - 2022 Q4 - 年度财报

Financial Performance - Revenue in 2022 decreased by 11.89% to 2.17 billion yuan compared to 2.47 billion yuan in 2021[23] - Net profit attributable to shareholders in 2022 dropped by 62.08% to 9.08 million yuan from 23.96 million yuan in 2021[23] - Operating cash flow in 2022 decreased by 46.09% to 97.26 million yuan compared to 180.43 million yuan in 2021[23] - Basic earnings per share in 2022 fell by 62.00% to 0.0095 yuan per share from 0.0250 yuan per share in 2021[23] - The company's net profit after deducting non-recurring gains and losses in 2022 was -21.12 million yuan, a decrease of 215.51% compared to 18.29 million yuan in 2021[23] - The weighted average return on equity in 2022 was 0.37%, down by 0.60 percentage points from 0.97% in 2021[23] - Revenue for 2022 was 2,172,613,748.65 yuan, a decrease of 11.89% compared to 2021[38] - Net profit attributable to shareholders in Q4 2022 was -1,388,607.75 yuan, a significant decline compared to previous quarters[33] - Non-recurring gains and losses in 2022 amounted to 30,209,752.71 yuan, a significant increase from 2021[40] Business Operations and Expansion - The company's main business expanded to include "special engineering contracting" and "bridge engineering contracting" to adapt to market demand[20] - The company added "lubricants and lubricating grease sales" to its business scope in 2020[22] - Revenue from the textile industry increased by 14.99% to 349,561,178.41 yuan in 2022[38] - Revenue from the metal products industry decreased by 10.35% to 758,385,541.71 yuan in 2022[38] - Revenue from the general equipment manufacturing industry decreased by 20.45% to 960,112,839.04 yuan in 2022[38] - Export revenue increased by 7.79% to 296,521,419.92 yuan in 2022[38] - Domestic sales revenue decreased by 14.37% to 1,876,092,328.73 yuan in 2022[38] - The company is focusing on deep-sea offshore wind power development, supported by national policies[42] - The company is strengthening its core technologies in wind, solar, hydro, and nuclear power, targeting harsh environments[36] - The company is developing three new products: permanent mooring steel wire ropes, fiber ropes, and forged connectors, targeting the growing market of offshore energy, aquaculture, and tourism[43] - The company operates 100+ domestic branches and has established a sales network in over 100 countries and regions, with a 2-hour service cycle radius to meet customer needs[47] - The company holds 308 valid patents, including 45 invention patents and 263 utility model patents, and has led the development of 17 national, industry, and local standards[48] - The company has a comprehensive manufacturing base with production lines for steel wire ropes, synthetic fiber slings, steel wire rope slings, and more, making it one of the largest and most diversified manufacturers in the domestic market[49] - The company's testing center is equipped with advanced instruments, including a 5000T horizontal electro-hydraulic servo tensile testing machine, and is recognized by CNAS, enabling it to issue authoritative test results[50] - The company has obtained 8 product certifications, including CE, GS, and GOST, and has received factory approvals from 8 major classification societies, such as CCS and DNV[51][52] - The company's products are positioned in the mid-to-high-end market, with a sales network covering 7 major markets globally, and strategic and key customers account for approximately 70% of total sales[53] - The company's brand, "Juli," is recognized as a "China Famous Trademark" and has a strong reputation both domestically and internationally, supporting major national projects like the Beijing-Tianjin-Hebei integration and the Greater Bay Area development[54] - The company achieved significant R&D milestones, including winning the first prize of China Huaxia Construction Science and Technology Award for large-span cable structure key technologies and engineering applications, and the special prize of Science and Technology Progress Award for the National Speed Skating Oval (Ice Ribbon) green construction key technologies[56] - The company completed the development of 4 new series of wire rope products, including plastic-filled rope, electric shovel rope, semi-sealed rope, and stainless steel sealed rope, with some products reaching international quality standards[58] - The company successfully developed and applied a 6MW large-angle oblique insertion single-blade lifting tool in a 20MW wind power project in Urumqi, Xinjiang, marking the first successful domestic application of such a tool for large-megawatt onshore wind turbine installations[59] - The company achieved a breakthrough in permanent mooring wire rope production, with product performance indicators reaching international standards, and obtained DNVGL factory certification, ABS design evaluation certificate, and CCS factory certification[60] - The company successfully developed a 120-ton automatic hook release lifting tool for nuclear energy development projects, marking a key contribution to China's nuclear industry development[60] - The company participated in the construction of the Pelješac Bridge and Access Roads project in Croatia, a major infrastructure project spanning 3.94 kilometers, with the bridge itself being 2.44 kilometers long and 22.5 meters wide[61] - The company provided complete lifting equipment for the dome lifting of the first Hualong One nuclear power unit in the Yangtze River Delta region, marking a significant milestone in China's nuclear power development[61] - The company holds numerous international certifications, including ISO9001, DNV, MAKA, CE, FPC, KR, GS, CUTR, and CCS, and has participated in major international projects such as the Qatar World Cup main stadium and the China-Pakistan Economic Corridor[62] Corporate Governance and Management - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserve into share capital[6] - Total compensation paid to directors, supervisors, and senior management during the reporting period was RMB 3.828 million[67] - Chairman Yang Jianguo received a pre-tax compensation of RMB 550,000[69] - President Yang Chao received a pre-tax compensation of RMB 360,000[69] - Vice President Li Yanying received a pre-tax compensation of RMB 400,000[69] - Independent Director Cui Zhijuan received a pre-tax compensation of RMB 100,000[69] - Independent Director Liang Jianmin received a pre-tax compensation of RMB 100,000[69] - Vice President Zhang Yanan received a pre-tax compensation of RMB 400,000[69] - Vice President Zhang Haibo received a pre-tax compensation of RMB 240,000[69] - Board Secretary Zhang Yun received a pre-tax compensation of RMB 128,000[69] - The company held 14 board meetings during the reporting period, with all directors attending either in person or via teleconference[71] - The company's independent directors actively participated in board and shareholder meetings, conducted on-site investigations, and provided professional opinions on strategic development, internal control, and major business decisions[73] - Independent directors reviewed and provided objective opinions on various matters including capital occupation by controlling shareholders, external guarantees, internal control self-assessment, profit distribution, and asset impairment provisions[74] - The audit committee held 4 meetings to review financial reports, profit distribution plans, and the appointment of accounting firms[77] - The nomination committee held 2 meetings to discuss board member elections and appointments[77] - The compensation committee held 2 meetings to determine executive and board member compensation[78] - The strategy and development committee held 1 meeting to discuss the company's future development and overall planning[78] - The company appointed Lianda Certified Public Accountants (Special General Partnership) as its domestic accounting firm, with an annual remuneration of 900,000 yuan[166] - The company has no illegal external guarantees during the reporting period[165] Environmental and Social Responsibility - The company strictly complies with environmental protection laws and standards, including the "Environmental Protection Law" and "Energy Conservation Law"[91] - The company has an environmental self-monitoring plan and online monitoring equipment for pollution sources[93] - The company has a revised "Emergency Plan for Sudden Environmental Incidents" (2018 edition) to handle environmental emergencies[95] - The company invested 13.63 million yuan in upgrading metallurgical welding and grinding dust removal devices, with emissions significantly below the standard limits[97] - The company invested 12.5 million yuan in upgrading exhaust gas treatment facilities for metallurgical, steel rod, and heavy industry paint booths, adding activated carbon adsorption and catalytic combustion purification devices[97] - The company has established an emergency response system for environmental pollution accidents, including detailed procedures and measures, and conducts annual training and drills[96] - The company strictly complies with environmental laws and regulations, with no major environmental violations or pollution incidents reported[101] - The company adheres to the concept of carbon neutrality, implementing green management and clean production practices to support national climate action goals[98] - The company has not been subject to any environmental penalties during the reporting period[99] - The company ensures compliance with environmental tax requirements and regularly pays environmental pollution taxes[97] - The company has implemented measures to reduce carbon emissions, including upgrading heating systems, pollution control facilities, and dust removal equipment[97] - The company maintains a stable and compliant operation of its environmental protection equipment, with regular maintenance and monitoring[97] - The company has not engaged in any poverty alleviation or rural revitalization work during the reporting period[107] Financial Position and Assets - Total assets in 2022 increased by 5.89% to 4.48 billion yuan compared to 4.23 billion yuan in 2021[23] - Cash and cash equivalents balance at the end of the period was RMB 335,327,100.01, an increase from RMB 294,148,779.88 at the beginning of the period[115] - Restricted assets include RMB 146,208,964.71 in monetary funds due to guarantees and RMB 100,608,167.70 in intangible assets due to mortgage loans, totaling RMB 246,817,132.41[116] - Foreign currency monetary items include USD 3,765,687.81 converted to RMB 26,226,521.84 and EUR 199,579.44 converted to RMB 1,481,458.22[116] - Government subsidies received include RMB 472,900.00 for tax reductions for key groups and veterans, and RMB 800,000.00 for the development and application of space structure sealing cables[121] - The company has subsidiaries in the US and Europe, with Juli Rigging America Co., Ltd. based in Houston, USA, using USD as its functional currency, and Juli Rigging Europe Co., Ltd. based in Dublin, Ireland, using EUR as its functional currency[119] - The company received a government subsidy of RMB 11,000,000.00 for the annual production of 100,000 tons of steel wire and steel rope project, recorded as deferred income[121] - The company's cash balance includes RMB 334,808,848.22 in bank deposits available for immediate use, up from RMB 293,996,491.28 at the beginning of the period[115] - The company's foreign currency receivables include USD 8,688,818.57 converted to RMB 60,514,145.84 and EUR 282,642.55 converted to RMB 2,098,027.39[116] - The company's short-term borrowings include USD 4,100,000.00 converted to RMB 28,554,860.00[117] - The company's other receivables include USD 34,614.76 converted to RMB 241,077.96 and EUR 2,005.00 converted to RMB 14,882.91[118] - The company's financial instruments include cash, accounts receivable, notes receivable, other receivables, other current assets, accounts payable, notes payable, employee benefits payable, other payables, short-term loans, non-current liabilities due within one year, long-term loans, and long-term payables[142] - The company manages and monitors risk exposures related to its financial instruments to ensure they remain within defined limits[142] - The company's financial liabilities and contingent liabilities total 148.96255 billion yuan, with the largest portion being 75.47217 billion yuan due within six months to one year[145] - The company's long-term payables amount to 5 billion yuan, all due within one to five years[145] - The company's other payables total 1.34066 billion yuan, with the largest portion being 822.31 million yuan due within one to five years[145] - The company's non-current liabilities due within one year amount to 3.71852 billion yuan, with the largest portion being 2.92512 billion yuan due within six months[145] - The company's other equity instrument investments have a fair value of 22.43938 million yuan, all classified as Level 2 fair value measurement[147] Subsidiaries and Related Parties - The company has 100% ownership in several subsidiaries, including Baoding Juli Heating Co., Ltd., Hebei Juli Emergency Equipment Technology Co., Ltd., and Juli Rigging (Shanghai) Co., Ltd., among others[132] - Juli Rigging holds a 22.15% stake in Liulingzui Brewing Co., Ltd., a company engaged in the production and sale of liquor, using the equity method for accounting[139] - The company's parent company, Julong Group, holds a 20.03% stake in the company and has the same voting rights[148] - The company's ultimate controlling parties are Yang Jianzhong, Yang Jianguo, Yang Huide, and Yang Zi[150] - The company's related party transactions include purchasing wine products from Hebei Liulingzui Wine Sales Co., Ltd. for 659,270.64 yuan[155] - The company's related party transactions include selling rigging products/materials to Liulingzui Brewing Co., Ltd. for 908,269.28 yuan[156] - The company's rental income from related party Hebei Julong Real Estate Development Co., Ltd. for office buildings is 642,201.83 yuan[159] - The company's subsidiary, Juligongre, increased its registered capital from 30 million yuan to 85 million yuan through a debt-to-equity conversion[183] - Juligongre completed the industrial and commercial registration change on March 29, 2022, and obtained a new business license[183] - The company approved an investment of 478.933 million yuan for the construction of a "100,000-ton steel wire and steel rope project" by its subsidiary, Juligongre (Henan) Co., Ltd.[183] - The company's subsidiary, Juligongre, received a guarantee of 28.55486 million yuan from Hebei Juligongre Real Estate Development Co., Ltd. for a short-term loan at the Industrial and Commercial Bank of China Xushui Branch[163] - Juligongre received a guarantee of 50 million yuan from Juligongre Group, Yang Jianzhong, Yao Xiang, and Yang Jianguo for a short-term loan at the Industrial and Commercial Bank of China Xushui Branch[163] - Juligongre received a guarantee of 80 million yuan from Juligongre Group, Yang Jianzhong, Yao Xiang, and Yang Jianguo for a short-term loan at the Shanghai Pudong Development Bank Shijiazhuang Branch[163] - Juligongre received a guarantee of 30 million yuan from Juligongre Group, Yang Jianzhong, Yao Xiang, and Yang Jianguo for a short-term loan at the Shanghai Pudong Development Bank Shijiazhuang Branch[163] - Juligongre received a guarantee of 10 million yuan from Juligongre Group, Yang Jianzhong, Yao Xiang, and Yang Jianguo for a short-term loan at the Shanghai Pudong Development Bank Shijiazhuang Branch[163] - The company's wholly-owned subsidiary, Julixu Thermal Power Co., Ltd., agreed to sell assets including land use rights, emission rights, buildings, heating facilities, and equipment for a total of RMB 120.25 million (tax excluded)[184] - The company will lease land and related facilities to Julixu for an annual rent of RMB 726,300 (tax excluded)[184] Shareholding and Equity - The company's restricted shares increased by 1.5 million shares due to a non-trading transfer of shares following a divorce settlement[191] - The total number of restricted shares at the end of the period was 41.7 million shares[193] - The company's total share capital remained unchanged at 960 million shares[190] - The total number of ordinary shareholders at the end of the reporting period was 88,094, an increase from 85,197 at the end of the previous month[197] - Julong Group holds 20.03% of the company's shares, totaling 192,320,000 shares, with 96,100,000 shares pledged[197] - Yang Jianzhong holds 5.21% of the company's shares, totaling 50,000,000 shares, with 25,000,000 shares pledged[197] - Zhang Hong increased her shareholding by 440,000,000 shares, now holding 4.96% of the company's shares[197] - E Fund Management Co., Ltd. holds 1.90% of the company's shares, totaling 18,208,900 shares[197] - Yang Huide reduced her shareholding by 15,100,000 shares, now holding 1.75% of the company's shares[197] - Julong Group, the controlling shareholder, holds 192,320,000 shares of unrestricted shares[198] - E Fund Management Co., Ltd. holds 18,208,900 shares of unrestricted shares[198] - Yang Huide holds 16,800,000 shares of unrestricted shares[198] - Julong Group, the controlling shareholder, was established on March 27, 1997, and is engaged in various industries including manufacturing, construction, and real estate[199][200] Human Resources and Labor - The company had a total of 2,381 employees, including 2,280 in the parent company and 101 in major subsidiaries[80] - Employee composition: 1,550 production staff, 398 sales staff, 153 technical staff, 45 financial staff, and 235 administrative staff[80] - Education levels: 445 employees with bachelor's degrees or higher, 701 with associate degrees,