Financial Performance - For the year ended December 31, 2022, Great Wall Motor Company reported a net profit attributable to shareholders of RMB 8,266,041,808.18[2]. - As of December 31, 2022, the company's undistributed profits amounted to RMB 49,176,813,140.82[2]. - Total operating revenue for 2022 was CNY 13,733,998.52 million, a year-on-year increase of 0.69% compared to CNY 13,640,466.30 million in 2021[22]. - Net profit attributable to shareholders of the listed company reached CNY 826,604.18 million, representing a 22.90% increase from CNY 672,609.39 million in the previous year[22]. - The total amount of non-recurring gains and losses for 2022 was RMB 3,789,516,697.97, compared to RMB 2,523,350,890.68 in 2021[28]. - The company reported a government subsidy income of RMB 1,814,561,079.19 in 2022, down from RMB 2,195,683,034.22 in 2021[28]. - Total revenue for 2022 was RMB 137.34 billion, a slight increase of 0.69% compared to RMB 136.40 billion in 2021[38]. - Net profit attributable to shareholders increased by 22.90% to RMB 8.27 billion from RMB 6.73 billion in 2021[38][39]. - The company’s total liabilities reached RMB 120.14 billion, up from RMB 113.28 billion in 2021, resulting in a capital debt ratio of 184.22%[41]. - Cash and cash equivalents increased to RMB 35.77 billion from RMB 33.05 billion in 2021, indicating improved liquidity[40]. Shareholder Information - The company plans to distribute a cash dividend of RMB 0.3 per share (including tax) for the year ended December 31, 2022[2]. - The proposed cash dividend is RMB 0.3 per share (including tax), subject to approval at the annual general meeting on June 16, 2023[130]. - Publicly held shares account for approximately 41.64% of the total issued share capital as of December 31, 2022[139]. - The company plans to distribute the proposed cash dividend around July 28, 2023, to shareholders listed as of July 5, 2023[130]. Corporate Governance - Deloitte Huayong Certified Public Accountants issued a standard unqualified audit report for the company's 2022 financial statements[2]. - The board of directors has ensured the accuracy and completeness of the annual report, with all directors present at the meeting[2]. - The company has established an audit committee to review and monitor the financial reporting process and internal controls[155]. - The company has complied with relevant laws and regulations, including the Hong Kong Listing Rules and the Shanghai Stock Exchange Listing Rules[154]. - The company’s supervisory board has strictly adhered to the Company Law and its articles of association, ensuring the protection of shareholder interests[166]. Operational Highlights - In 2022, Great Wall Motors achieved production and sales of 1,111,620 and 1,061,745 vehicles respectively, maintaining over one million sales while adjusting product structure[32]. - The average selling price and gross margin per vehicle reached RMB 129,400 and 19.37%, representing an increase of RMB 22,900 and 3.21 percentage points year-on-year[32]. - The company sold 1,061,745 vehicles in 2022, a decrease of 17.11% compared to 1,280,951 vehicles in 2021[50]. - The sales of the Haval brand reached 617,437 units in 2022, with the Haval H6 selling 285,010 units[52]. - The sales of the Tank brand increased by 47.18% to 125,684 units in 2022, with cumulative sales surpassing 200,000 units[56]. Research and Development - Research and development expenses increased by 43.56% to CNY 644,516.30 million, up from CNY 448,956.52 million in 2021[22]. - The company plans to invest RMB 100 billion in R&D by 2025, focusing on the new energy sector and establishing a comprehensive industrial layout[33]. - The company has become a leader in the number of patents in the new energy sector in China, with plans to increase investment in smart technology[34]. - The company applied for 4,463 patents in 2022, with 2,263 patents granted, including 339 invention patents[98]. Market Expansion - Great Wall Motors exported over 170,000 vehicles in 2022, setting a historical record, with significant sales in markets like South Africa, Chile, Australia, and Thailand[35]. - The company achieved overseas sales of 172,187 units, marking a 23.09% increase compared to the previous year[51]. - The company is focusing on enhancing product capabilities and profitability, contributing to the increase in net profit[39]. - The company is preparing for future growth in the electric and smart vehicle sectors, aiming for high-quality development[36]. Risk Management - The company faces risks including international political and economic uncertainties, price wars in the domestic market, and reliance on imported key components[122]. - The company is implementing measures to address risks, including accelerating its global strategy and focusing on new energy opportunities[123]. Employee Information - The total number of employees increased to 87,367 as of December 31, 2022, compared to 77,934 in 2021, with employee costs accounting for 12.46% of total revenue, up from 9.89% in 2021[45]. - The company contributed RMB 1,091,443,920.44 to the basic pension insurance in 2022, an increase of 47.5% from RMB 740,103,126.12 in 2021[144]. Share Repurchase - The company was authorized to repurchase up to 10% of its issued H shares, equivalent to 309,954,000 shares, as approved in the 2021 annual general meeting[146]. - In 2022, the company repurchased a total of 588,341,000 H-shares, accounting for 6.71% of the total issued share capital as of December 31, 2022, with a total expenditure of HKD 6,259,963,385.40[148]. - The company believes that the repurchase of H-shares is beneficial for the company and its shareholders, as the share price was considered undervalued[148]. Strategic Focus - The company is focusing on the transformation into a global intelligent technology company, emphasizing electrification and intelligent technology innovation[25]. - The company has established a global R&D system with footprints in Europe, ASEAN, and South America, focusing on advanced technologies such as low-power high-performance chips and artificial intelligence[72]. - The company is committed to a global development strategy, focusing on strategic markets and accelerating its transformation into a global smart technology company[120].
长城汽车(02333) - 2022 - 年度业绩