BAOSE(300402)2023-04-25 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,409,189,859.25, representing a 12.14% increase compared to ¥1,256,642,228.29 in 2021[22]. - The net profit attributable to shareholders for 2022 was ¥60,366,832.16, up 14.08% from ¥52,915,337.82 in 2021[22]. - The net cash flow from operating activities increased by 42.43% to ¥45,664,819.62 in 2022, compared to ¥32,062,270.81 in 2021[22]. - The total assets at the end of 2022 reached ¥2,135,998,038.09, a 14.46% increase from ¥1,866,197,818.93 at the end of 2021[22]. - The basic earnings per share for 2022 was ¥0.2988, reflecting a 14.05% increase from ¥0.2620 in 2021[22]. - The company reported a total of ¥6,963,731.50 in non-recurring gains and losses for 2022, compared to ¥5,171,599.11 in 2021[26]. - The weighted average return on equity for 2022 was 9.28%, an increase of 1.02% from 8.26% in 2021[22]. - The company achieved a domestic revenue of ¥1,358,880,667.03, an 18.76% increase compared to ¥1,144,271,576.49 in the previous year[94]. - The total operating revenue for 2022 was ¥1,409,189,859.25, representing a 12.14% increase from ¥1,256,642,228.29 in 2021[94]. - The company reported a net profit margin of 12%, slightly down from 13% in the previous year due to increased operational costs[192]. Market Position and Strategy - The company operates in the special material non-standard equipment manufacturing industry, which is experiencing significant growth due to increased demand in downstream sectors such as energy and petrochemicals[30]. - The company has established itself as a leading manufacturer in the domestic special materials non-standard equipment sector, with a comprehensive range of special materials and advanced technology[35]. - The company has successfully entered the new energy vehicle market, becoming a key supplier for major domestic battery material manufacturers like Huayou Cobalt and Ningbo Likun[35]. - The company has diversified its business from primarily chemical equipment to include chemical, energy, and environmental equipment, successfully developing related equipment in the fields of solar thermal power, energy storage, and power batteries[64]. - The company is positioned to benefit from the increasing demand for advanced equipment in the petrochemical industry, driven by environmental regulations and safety standards[125]. - The company is focusing on high-end, non-standard equipment manufacturing, leveraging opportunities from the Belt and Road Initiative and the "Made in China 2025" strategy[142]. - The company plans to expand its presence in the renewable energy sector, focusing on solar, battery, and hydrogen energy, while also exploring new markets in chemical equipment and environmental protection[145]. Research and Development - The company has developed over 40 advanced manufacturing technologies, including large titanium-steel composite plate oxidation reactors and high-strength titanium alloy thick plate automatic welding technology, achieving multiple breakthroughs in the special material equipment manufacturing sector[66]. - The company has initiated 15 R&D projects in 2022, focusing on advanced materials and welding technologies, with one project recognized as a provincial key project[84]. - The company's R&D expenses for 2022 were approximately ¥58.95 million, a decrease of 4.86% from the previous year[102]. - The company has completed several key R&D projects, including the development of high-strength titanium alloy thick plates and intelligent welding systems for large titanium components[104]. - The R&D investment has not been capitalized, maintaining a consistent approach to R&D expenditure[106]. - Continuous investment in R&D will focus on key manufacturing technologies to enhance product value and maintain competitive advantages[148]. Governance and Compliance - The company has established a governance structure compliant with relevant laws and regulations, ensuring effective operation of the board of directors and supervisory board[173]. - The company has implemented a transparent performance evaluation and incentive mechanism for senior management to enhance operational efficiency and accountability[180]. - The company adheres to strict information disclosure regulations, ensuring all shareholders have equal access to information[183]. - The internal audit system has been established to enhance governance and ensure compliance with financial reporting standards[185]. - The company maintains independence from its controlling shareholders in terms of business operations, personnel, assets, and finances[187]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential operational risks[5]. - The company acknowledges the risk of accounts receivable due to long payment cycles and increasing amounts, which could impact its financial performance if not managed effectively[163]. - The company emphasizes quality control and timely delivery to mitigate risks associated with contract fulfillment, focusing on production progress and key processes[168]. - Strengthening compliance and risk management will be a priority to ensure safety and reduce contractual risks[155]. Future Outlook - The company provided a revenue guidance for 2023, projecting a growth rate of 10% to 12%[193]. - The company aims to enhance its core competitiveness in the new energy sector by developing high-pressure reaction vessels for battery raw material production[105]. - The company plans to issue up to 42.5 million shares to raise no more than 720 million yuan for strategic projects, supporting its "14th Five-Year" development goals[81]. - The company aims to innovate its business model, transitioning from a traditional manufacturer to a comprehensive solution provider, thereby enhancing profitability and risk resilience[150].