Precise(300442)2023-04-21 16:00Financial Performance - The company's revenue for 2022 reached ¥2,714,740,688.79, representing a 32.61% increase compared to ¥2,047,187,400.62 in 2021[20]. - Net profit attributable to shareholders was ¥1,198,254,367.29, a 65.98% increase from ¥721,948,191.12 in the previous year[20]. - Basic earnings per share increased to ¥1.57, a 57.00% rise from ¥1.00 in 2021[20]. - The company's total revenue for Q4 2022 reached ¥725,292,158.22, showing a year-over-year increase of approximately 18% compared to Q4 2021[22]. - Net profit attributable to shareholders for Q4 2022 was ¥377,648,871.67, representing a year-over-year growth of about 25%[22]. - The company reported a non-recurring profit of ¥60,321,183.60 for 2022, compared to ¥10,592,571.73 in 2021, indicating a substantial increase[26]. - The company achieved a net profit of 1,864.02 million yuan for the period from 2021 to 2022, exceeding the performance commitment by 154.12 million yuan[122]. Cash Flow and Investments - The net cash flow from operating activities was ¥1,788,146,955.98, up 40.66% from ¥1,271,225,794.30 in 2021[20]. - Operating cash inflow totaled ¥3,131,523,746.94, a 36.46% increase compared to ¥2,294,759,577.03 in 2021[92]. - The company accelerated its national data center construction, leading to a 366.00% increase in net cash flow from investment activities, totaling -¥4,958,014,489.54[92]. - Total financing cash inflow surged by 219.19% to ¥7,444,930,000.00, reflecting increased financing for data center investments[92]. Assets and Liabilities - Total assets at the end of 2022 amounted to ¥16,008,449,352.33, reflecting a 48.67% increase from ¥10,768,026,255.70 in 2021[20]. - Fixed assets increased to ¥6,057,040,292.82, accounting for 37.84% of total assets, down from 47.34% in the previous year[95]. - The proportion of long-term borrowings rose to 50.70% of total liabilities, up from 45.60% in 2021, indicating expanded financing for data center projects[95]. Market and Growth Strategy - The company is focusing on expanding its market presence and enhancing its technological capabilities in cloud computing and AI[19]. - Future guidance indicates continued growth in revenue and profitability, driven by increased demand for data center services[19]. - The company plans to expand its market presence in first-tier cities, where data center resources are becoming increasingly scarce[36]. - The company is positioned to leverage the growth of the digital economy and aims to evolve into integrated computing centers, including intelligent and supercomputing centers[118]. Research and Development - Research and development expenses rose by 47.08% to ¥96,802,519.34, driven by increased investment in R&D activities[86]. - The company’s R&D investment amounted to ¥96,802,519.34 in 2022, representing 3.57% of operating revenue, an increase from 3.21% in 2021[89]. - The number of R&D personnel increased by 13.75% to 182 in 2022, with a significant rise in the number of bachelor's degree holders by 109.68%[89]. Operational Efficiency and Technology - The company is focusing on upgrading low-power cabinets and accelerating the application of high-density and liquid-cooled cabinets to enhance its evolution capabilities[62]. - The company has developed and implemented a "smart low-carbon cooling system" for data centers, which has successfully completed trial operations[61]. - The company is enhancing its service offerings with integrated intelligent solutions for clients, focusing on security and operational efficiency[87]. - The company is committed to exploring energy-saving optimizations in infrastructure to align with carbon neutrality goals[88]. Corporate Governance and Management - The company held its annual shareholder meeting with a participation rate of 34.13% on May 25, 2022[145]. - The company experienced a significant turnover in its board members, with multiple resignations due to major asset restructuring, including the resignation of three directors on August 7, 2022[149]. - The company has a diverse board composition, including independent directors, which is crucial for governance and oversight[148]. - The company has implemented a performance management system to align employee compensation with company performance, ensuring a positive incentive mechanism for mutual development[174]. Environmental and Social Responsibility - The company is focusing on green data centers and energy efficiency, with new regulations requiring data centers to achieve a power usage effectiveness (PUE) of no more than 1.3 by 2025[34]. - The company has completed green electricity transactions totaling over 300 million kilowatt-hours during the reporting period[67]. - The company has engaged in social responsibility initiatives, including educational support and environmental protection activities in rural areas[193]. Shareholder Commitments and Restructuring - The controlling shareholder committed to not transferring shares obtained through the restructuring for 36 months from the issuance date[197]. - The company is currently fulfilling all commitments related to the asset restructuring[197]. - The restructuring process is currently being executed as planned, with normal compliance observed[198].