润农节水(830964) - 2022 Q4 - 年度业绩

Financial Performance - The company's operating revenue for 2022 was CNY 652.62 million, representing a year-on-year increase of 10.80%[3] - The net profit attributable to shareholders decreased to CNY 47.45 million, down 18.43% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 43.41 million, a decline of 22.12% year-on-year[3] - Basic earnings per share were CNY 0.18, down 18.18% from the previous year[3] Assets and Equity - Total assets at the end of the reporting period were CNY 1,072.43 million, an increase of 4.37% year-on-year[4] - Shareholders' equity attributable to the company was CNY 874.67 million, up 4.09% from the beginning of the period[4] Revenue Drivers - The increase in operating revenue was primarily due to the expansion of the domestic market and increased direct sales of water-saving products[5] Cost Challenges - The decline in net profit was attributed to increased project costs due to pandemic-related delays and a rise in bad debt provisions[5] Research and Development - Research and development expenses increased year-on-year, reflecting the company's commitment to innovation[5] Investor Advisory - The company advises investors to be cautious as the financial data is preliminary and unaudited, with final figures to be disclosed in the annual report[6]