SPEED(300322)2023-04-27 16:00Financial Position - Total assets at the end of 2022 amounted to 2,998,000,000.00 CNY, with cash and cash equivalents representing 20.96% of total assets[3]. - Accounts receivable decreased by 1.47% from 20.35% at the beginning of the year to 18.88% at year-end, totaling 565,181,899.14 CNY[3]. - Fixed assets increased significantly by 4.61%, rising from 18.28% to 22.89% of total assets, attributed to new factory construction and equipment purchases[3]. - The total current assets at the end of 2022 were 1,755,053,708.50 CNY, down from 1,847,202,801.85 CNY at the beginning of the year[7]. - The company reported a significant increase in long-term borrowings, which rose to 172,464,483.88 CNY, accounting for 5.76% of total assets[4]. - The company's total liabilities decreased, with short-term liabilities accounting for 17.98% of total assets at year-end[4]. - As of December 31, 2022, total assets amounted to CNY 2,994,159,895.95, an increase from CNY 2,897,922,685.19 in 2021, reflecting a growth of approximately 3.5%[12]. - Total liabilities reached CNY 1,696,239,359.05, up from CNY 1,466,920,007.25 in the previous year, indicating an increase of about 15.6%[12]. - The total non-current assets increased to CNY 1,239,106,187.45 from CNY 1,050,719,883.34, indicating a growth of approximately 17.9%[12]. Revenue and Profitability - Total operating revenue for 2022 was CNY 1,545,732,661.62, a decrease of 20.9% from CNY 1,954,123,946.44 in 2021[14]. - Net profit for 2022 was a loss of CNY 94,480,454.02, compared to a profit of CNY 53,072,871.27 in 2021[14]. - The company reported a total comprehensive loss of CNY 93,707,122.60 for 2022, compared to a comprehensive income of CNY 53,170,412.93 in 2021[14]. - The basic earnings per share for 2022 was -CNY 0.19, down from CNY 0.10 in 2021[14]. - The company's total comprehensive income for the year was a loss of CNY 93,707,122.60, compared to a profit in the previous year[19]. - The retained earnings decreased by CNY 145,711,883.90, indicating a significant reduction in undistributed profits[19]. - The company experienced a significant decline in net profit, which may impact future investment decisions[19]. Cash Flow - Cash flow from operating activities generated a net cash inflow of CNY 146,559,834.19 in 2022, compared to a net outflow of CNY 62,215,468.68 in 2021[15]. - Cash inflow from investment activities was CNY 272,463,757.66 in 2022, a decrease from CNY 596,106,656.71 in 2021[15]. - Cash outflow from financing activities resulted in a net cash outflow of CNY 58,915,285.68 in 2022, compared to a net inflow of CNY 86,949,175.02 in 2021[15]. - The net cash flow from operating activities for 2022 was ¥169,467,865.16, a significant improvement compared to a net outflow of ¥102,244,900.08 in 2021[26]. - The net cash flow from investing activities was ¥99,619,668.83, recovering from a net outflow of ¥423,648,494.51 in 2021[26]. - The net cash flow from financing activities was a negative ¥51,323,193.19, an improvement from a larger negative cash flow of ¥1,555,722.02 in 2021[26]. Expenses - Total operating costs for 2022 were CNY 1,643,225,648.91, down 14.4% from CNY 1,918,922,516.83 in 2021[14]. - Research and development expenses increased to CNY 160,546,648.95 in 2022, up 22.0% from CNY 131,606,204.73 in 2021[14]. - The company's financial expenses rose to RMB 31,159,283.25 in 2022 from RMB 13,264,093.68 in 2021, indicating an increase of approximately 134.00%[23]. Inventory and Receivables - Inventory decreased slightly by 0.89%, from 11.35% to 10.46% of total assets, totaling 313,293,869.82 CNY[3]. - Inventory levels were reported at CNY 313,078,554.63, down from CNY 328,895,371.93, which is a decrease of about 4.8%[12]. - The company's inventory decreased to RMB 117,071,959.26 in 2022 from RMB 142,773,949.91 in 2021, indicating a reduction of approximately 17.98%[21]. Equity and Capital - The company's total equity decreased to CNY 1,297,920,536.90 from CNY 1,431,002,677.94, reflecting a decline of approximately 9.3%[12]. - The total equity attributable to the parent company at the end of 2022 was CNY 1,376,713,078.25, a decrease of 10.59% from the previous year[19]. - The capital reserve increased by CNY 50,009,916.42, reflecting new capital contributions[19]. - The total equity decreased to RMB 1,345,837,536.59 in 2022 from RMB 1,445,701,607.52 in 2021, reflecting a decline of about 6.92%[21]. Future Plans and Strategies - The company plans to focus on new product development and market expansion strategies in the upcoming year[19]. - The company is exploring potential mergers and acquisitions to enhance market presence and product offerings[19]. - The company aims to strengthen its reporting processes moving forward[33]. - The company plans to enhance the preparation of periodic reports to avoid discrepancies in the future[33]. Reporting and Compliance - The company expressed apologies for any inconvenience caused to investors due to the report corrections[33]. - The updated annual report and audit report are available on the Giant Tide Information Network[33]. - The board of directors announced these updates on April 27, 2023[35].