Furuise(300228)2023-04-26 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,604,892,010.54, representing a 1.14% increase compared to ¥1,586,778,588.92 in 2021[27]. - The net profit attributable to shareholders for 2022 was -¥223,471,860.68, a decrease of 629.50% from a profit of ¥42,204,185.31 in 2021[27]. - The net cash flow from operating activities increased by 13.03% to ¥331,284,156.30 from ¥293,088,798.64 in 2021[27]. - The total assets at the end of 2022 were ¥3,790,522,306.25, a 7.15% increase from ¥3,537,581,997.40 at the end of 2021[27]. - The net assets attributable to shareholders decreased by 11.98% to ¥1,729,014,104.48 from ¥1,964,322,211.67 in 2021[27]. - The basic earnings per share for 2022 were -¥0.39, a decline of 587.50% from ¥0.08 in 2021[27]. - The weighted average return on equity was -12.10% in 2022, down from 2.31% in 2021[27]. - The company reported that its recent audit indicated uncertainty regarding its ability to continue as a going concern[27]. Market Challenges and Opportunities - The LNG vehicle market faced challenges in 2022, with heavy truck sales dropping by 51.85% year-on-year, impacting the sales of LNG vehicle supply systems[38]. - The company anticipates a recovery in the LNG vehicle market in 2023 due to economic recovery and increased demand for LNG trucks as prices stabilize[39]. - In 2022, China's total LNG imports decreased by 19.5%, but the company’s LNG unloading equipment continues to see sustained market demand due to ongoing infrastructure projects[40]. - The company has successfully entered the qualified supplier lists of several Fortune 500 companies, indicating strong international market opportunities for its heavy equipment and LNG applications[41]. - The company faced challenges in 2022 due to geopolitical tensions affecting energy prices and a significant decline in LNG heavy truck sales[48]. Research and Development - In 2022, the company invested CNY 70,411,337.15 in R&D, accounting for 4.39% of its revenue[49]. - The company holds a total of 308 authorized patents, including 50 invention patents and 253 utility model patents[49]. - The company has applied for 48 new patents in 2022, including 20 invention patents[49]. - The company is focusing on product innovation in the hydrogen energy sector to strengthen its market position[48]. - The company is in the sample testing phase for the development of a vehicle LNG high-pressure supply system, aiming for mass production[80]. Strategic Initiatives - The company plans to expand its LNG liquefaction processing services in remote wellhead gas resources in the central and western regions of China[42]. - The company aims to achieve a crude oil production target of 200 million tons and a steady increase in natural gas production in 2022[42]. - The company is focusing on expanding its market presence in the LNG unloading equipment sector, which is expected to benefit from national energy strategies aimed at enhancing energy storage and transportation capabilities[40]. - The company has established stable business relationships with major clients, including leading heavy-duty truck manufacturers and oil and gas companies, ensuring a strong customer base[56]. - The company has actively expanded its overseas market presence, leveraging its full industry chain advantages in LNG applications[60]. Financial Management and Investments - The company raised a total of RMB 471.07 million through the issuance of 103,989,757 A shares at a price of RMB 4.53 per share[107]. - The company has committed to various projects, including the "New Type LNG Intelligent Tank Container" and "LNG High-Pressure Direct Injection Gas Supply System," with varying completion percentages[109]. - The company has engaged in significant equity investments, including a new investment of ¥25,500,000 in a hydrogen fuel cell technology company[96]. - The company has a remaining unused raised fund amount of RMB 330.81 million, which is 8.71% of the total raised funds[107]. - The company has adjusted its fundraising project allocations, reducing the investment in the "LNG high-pressure direct gas supply system project" by ¥40 million to enhance the capital efficiency[65]. Governance and Management - The company has no controlling shareholder or actual controller, ensuring independence in asset, personnel, financial, and operational aspects[155]. - The company’s management team consists of experienced professionals with backgrounds in various sectors, ensuring effective leadership[161]. - The board of directors proposed remuneration adjustments, which were approved by the shareholders' meeting[173]. - The company emphasizes compliance with regulatory requirements regarding executive compensation disclosures[173]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 6.93 million CNY[176]. Employee and Training Initiatives - The total number of employees at the end of the reporting period was 1,642, with 1,081 in production, 98 in sales, 287 in technical roles, 39 in finance, and 137 in administration[185]. - The company has a training program aimed at enhancing employee skills and aligning with corporate development, focusing on internal trainers and talent development[188]. - The company’s remuneration policy emphasizes fair distribution based on performance, with management positions on a salary system linked to company performance[187]. Future Outlook - In 2023, the company aims to achieve a sales scale of RMB 2 billion by expanding its liquefied natural gas service business in the central and western regions of China[135]. - The company plans to enhance its overseas market development, focusing on high-end energy equipment and solutions, including LNG and liquid ammonia products[134]. - The company will continue to promote clean energy and new energy applications, aligning with the national "dual carbon" strategy in 2023[130]. - The company intends to diversify its product offerings by expanding into oxygen, nitrogen, and argon industrial bottles, as well as LNG regional micro-pipeline systems[132]. - The company aims to strengthen its group management capabilities and improve overall management levels in 2023[131].