Revenue and Profitability - Operating profit increased by 33.90% due to a significant rise in revenue while the growth in operating costs was lower than revenue growth[4] - Inventory increased by 46.83% due to a 28.42% growth in annual revenue, leading to higher stockpiling[2] Expenses and Losses - Management expenses rose by 39.65% due to significant growth in operating performance and increased employee compensation[3] - Financial expenses surged by 88.23% primarily due to foreign currency borrowings leading to exchange losses[3] - Credit impairment losses skyrocketed by 8,965.31% as accounts receivable within one year increased, necessitating higher bad debt provisions[3] - Other income decreased by 35.56% due to a reduction in government subsidies compared to the previous year[4] - Investment income fell by 39.62% as the holding of trading financial assets decreased, resulting in lower returns[4] - Non-current asset disposal losses decreased by 50.78%, contributing to lower operating expenses compared to the previous year[4] Borrowings and Asset Management - Long-term borrowings decreased by 48.38% as part of the repayment of certain secured loans[2] - Asset disposal income surged by 50,780.33% due to increased gains from the disposal of fixed assets[4]
明阳科技(837663) - 2022 Q4 - 年度财报(更正)