Financial Performance - Revenue for the year ended December 31, 2022, was RMB 1,095,791, an increase of 18.1% from RMB 927,750 in 2021[2] - Operating profit for the same period was RMB 253,671, representing a growth of 48.9% compared to RMB 170,164 in 2021[2] - Profit attributable to equity shareholders was RMB 111,235, up 98.8% from RMB 55,915 in the previous year[2] - Basic and diluted earnings per share for 2022 were RMB 0.10, compared to RMB 0.05 in 2021[2] - Operating margin improved to 23.1%, compared to 18.3% in 2021[2] - Net profit margin increased to 9.9%, up from 5.1% in the previous year[2] - Other income for the year was RMB 24,370, significantly higher than RMB 10,787 in 2021, reflecting a growth of 126.5%[5] - The adjusted EBITDA for the reporting segments was RMB 501,128,000 for 2022, compared to RMB 399,088,000 for 2021, reflecting a year-over-year increase of approximately 25.6%[23] - The total income tax reduction due to high-tech enterprise status amounted to RMB 13,596,000 for the year ended December 31, 2022, compared to RMB 11,749,000 in 2021, representing an increase of about 15.7%[35] - The total tax expense for the year ended December 31, 2022, was RMB 43,506 thousand, compared to RMB 31,035 thousand in 2021, representing an increase of 40%[34] Assets and Liabilities - Total assets increased to RMB 4,372,118, a rise of 23.8% from RMB 3,535,446 in 2021[2] - Net asset value reached RMB 1,365,453, up 9.9% from RMB 1,241,635 in the prior year[2] - The total bank loans and other borrowings amounted to RMB 1,547,656,000, which is an increase from RMB 1,089,148,000 in 2021, showing a rise of about 42.2%[9] - The company's equity attributable to shareholders increased to RMB 1,141,404,000 from RMB 1,038,776,000 in 2021, marking a growth of approximately 9.9%[9] - The total liabilities, including bank loans and other borrowings, amounted to RMB 2,234.0 million as of December 31, 2022, compared to RMB 1,664.7 million as of December 31, 2021[96] - As of December 31, 2022, the group's net current liabilities amounted to approximately RMB 855.0 million, compared to RMB 758.7 million as of December 31, 2021, indicating sufficient resources to meet current and future funding needs[92] Revenue Segmentation - Revenue from wastewater treatment and public utilities reached RMB 433,322,000, up from RMB 356,900,000 in 2021, indicating a growth of about 21.4%[15] - The revenue from facility usage and management services was RMB 291,652,000, compared to RMB 236,548,000 in 2021, indicating a growth of approximately 23.3%[15] - The revenue from the leasing and facility usage segment for 2022 was RMB 431,391,000, while the wastewater treatment and utilities segment generated RMB 433,322,000, and the sales of goods segment contributed RMB 276,725,000[20] - Revenue from goods sales and bundled services increased to approximately RMB 217.7 million, driven by improved product quality and increased tenant orders[77] Employee and Operational Costs - The total employee costs, including directors' remuneration, rose to RMB 133,404 thousand in 2022, compared to RMB 102,251 thousand in 2021, indicating an increase of 30%[31] - Operating costs increased by approximately RMB 95.1 million or 12.4% to about RMB 862.0 million, primarily due to higher depreciation and amortization, inventory costs, and utility expenses[78] - Depreciation and amortization rose by approximately RMB 15.6 million or 7.6% to about RMB 219.2 million, attributed to new investments in properties and equipment[79] - Utility costs rose by 29.5% to approximately RMB 32.9 million from RMB 25.4 million for the year ended December 31, 2021, mainly due to increased wastewater treatment volume resulting from an increase in leased area[82] Investments and Capital Expenditures - The group’s capital expenditures for the year amounted to approximately RMB 927.1 million, an increase from RMB 627.6 million for the year ended December 31, 2021[97] - The company acquired investment properties worth RMB 471,765,000 during the year ended December 31, 2022, significantly higher than RMB 130,285,000 in 2021, marking an increase of approximately 263.5%[43] - The total cost of property, plant, and equipment purchased was RMB 268,825,000 for the year ended December 31, 2022, down from RMB 392,012,000 in 2021, showing a decrease of about 31.5%[42] Shareholder Returns and Dividends - The company declared a final dividend of HKD 0.05 per share, equivalent to approximately RMB 0.045, compared to no final dividend in 2021[2] - The proposed final dividend is HKD 0.05 per share, with an estimated total payout of approximately HKD 55.65 million (equivalent to RMB 49.71 million) based on 1,113,014,000 shares issued as of December 31, 2022[118] Market and Economic Conditions - The group reported a significant impact on the supply chain due to global economic challenges, including inflation and geopolitical tensions, affecting investment and consumption[55] - The global economic outlook for 2023 is projected to be one of the lowest growth years in decades, impacting the group's operations and financial condition[65] Corporate Governance and Compliance - The company established an Audit Committee on June 18, 2019, consisting of three independent non-executive directors[115] - The group’s management is closely monitoring compliance with covenants related to bank loans, with no violations reported as of December 31, 2022[54] - The group has not exceeded the annual cap for the continuing connected transactions disclosed in relevant announcements[101]
南海控股(00680) - 2022 - 年度业绩