Financial Performance - In 2022, the company's total revenue was RMB 1,654.71 million, a slight increase of 0.31% compared to RMB 1,649.60 million in 2021[17]. - The company's operating costs increased by 7.53% to RMB 1,424.06 million in 2022, compared to RMB 1,324.28 million in 2021[21]. - Other income and net other gains for 2022 amounted to RMB 34.76 million, representing a 41.19% increase from RMB 24.62 million in 2021, driven by subsidies and interest income[20]. - The gross profit for 2022 decreased to RMB 230.65 million, a decline of 29.10% compared to RMB 325.32 million in 2021[33]. - The gross margin for 2022 was 13.94%, down from 19.72% in 2021, reflecting a decrease of 5.78%[39]. - The group's net profit for 2022 was RMB 114.67 million, a decrease of 6.59% from RMB 122.76 million in 2021, primarily due to rising coal and heating source prices[42]. - In 2022, the company achieved total operating revenue of RMB 1,654.71 million and a total profit of RMB 165.64 million[145]. - The total assets of the company as of December 31, 2022, amounted to RMB 3,038.97 million, with net assets attributable to shareholders of RMB 911.90 million[145]. Revenue Sources - The construction, maintenance, design, and other services generated revenue of RMB 116.29 million in 2022, down 23.77% from RMB 152.56 million in 2021, primarily due to the completion of the "Three Supplies and One Industry" project and a decrease in large project undertakings due to the pandemic[17][20]. - The engineering maintenance business saw a significant decline, with revenue dropping 39.78% to RMB 26.48 million in 2022 from RMB 43.98 million in 2021[19]. - Revenue from the heating business was RMB 1,538.42 million, up by RMB 41.38 million or 2.76% from RMB 1,497.04 million in 2021[149]. Cost and Expenses - The total operating cost for 2022 was RMB 1,424.06 million, up 7.53% from RMB 1,324.28 million in 2021[30]. - The cost of heat purchase increased by 18.45% to RMB 767.28 million in 2022, compared to RMB 647.79 million in 2021[25]. - Coal costs surged by 73.21% to RMB 62.66 million in 2022, up from RMB 36.18 million in 2021[28]. - Labor costs rose by 5.17% to RMB 152.07 million in 2022, compared to RMB 144.60 million in 2021[28]. - The company's maintenance and repair costs increased by 4.65% to RMB 82.48 million in 2022, from RMB 78.81 million in 2021[28]. - The input tax output cost rose by 14.43% to RMB 52.76 million in 2022, compared to RMB 46.11 million in 2021[29]. - Other costs significantly decreased by 65.40% to RMB 14.49 million in 2022, down from RMB 41.89 million in 2021, due to enhanced cost control[38]. - In 2022, the group's management expenses amounted to RMB 99.23 million, a decrease of 13.69% compared to RMB 114.97 million in 2021, primarily due to effective control of labor costs[42]. Innovation and Development - The company obtained 7 utility model patents and 5 software copyrights in 2022, reflecting its commitment to technological innovation and research[12]. - The company has initiated a smart heating facility renovation project, implementing phase one to enhance energy efficiency and user comfort[12]. - The company has actively explored new technologies and materials in the heating industry through independent research and collaboration with social organizations, aiming to maintain a leading position in smart heating[136]. - The company plans to enhance service quality and levels in construction, maintenance, and design services in 2023[55]. - The company aims to increase the proportion of clean energy heating and improve energy utilization efficiency in response to national policies[54]. Corporate Governance and Compliance - The company has established systems and allocated human resources to ensure ongoing compliance with regulatory requirements[72]. - The company has implemented comprehensive corporate governance measures to ensure management independence and avoid conflicts of interest among directors[125]. - The company has complied with all significant regulations and rules affecting its operations during the reporting period[72]. - The company has not engaged in any significant transactions or arrangements with directors or supervisors that could create conflicts of interest during the reporting period[116]. Shareholder Information - The company proposed a final dividend of RMB 0.09 per share for the year ended December 31, 2022, totaling approximately RMB 42 million, down from RMB 53.67 million in 2021[85]. - The company has not issued any convertible securities, options, warrants, or similar rights during the year ended December 31, 2022[72]. - The company has not pledged any shares by its controlling shareholders to secure debts[79]. - The company has maintained appropriate liability insurance for its directors and senior management, with no permitted indemnities provided as of the report date[77]. - The company has a registered capital of RMB 466.7 million and was listed on the Hong Kong Stock Exchange on October 24, 2019, making it the first heating enterprise to be listed there[136]. Employee Relations - The company has implemented a salary structure that combines basic salary, position salary, and performance-based incentives[50]. - The company is committed to providing a competitive compensation package and various promotion opportunities based on employee performance[189]. - The company has not paid any compensation to directors or supervisors as an incentive for joining the group or as severance pay during any year[112]. - The company is committed to complying with national labor laws and regulations in managing employee relations[50]. Market Position and Strategy - The group continues to focus on heating as its core business, with over 20 years of operational history in Changchun[60]. - The group plans to enhance cost control and internal supervision to improve market adaptability and increase the efficiency of smart heating network systems[45]. - The group will strengthen its core technology development and enhance market competitiveness to achieve high-quality development[55]. - The company intends to further optimize its market share in the heating business through technological innovation and collaboration[173]. Environmental and Safety Standards - The company continues to respond to the national "dual carbon" strategy by enhancing environmental protection measures and exploring clean energy applications[149]. - The company has maintained a clean heating model primarily based on combined heat and power generation to meet the heating needs of its service area[153]. - The company reported no major safety incidents during the year, and environmental indicators met national standards[172].
春城热力(01853) - 2022 - 年度财报