Financial Performance - The company achieved a revenue of RMB 53.028 billion and a net profit of RMB 2.282 billion for the year 2022[46]. - The total value of new contracts signed in 2022 amounted to RMB 72.525 billion, reflecting strong business performance[46]. - The proposed final dividend for 2022 is RMB 0.210 per share, with a total annual dividend of RMB 0.328 per share, resulting in a payout ratio of 65%[47]. - The company generated a total revenue of RMB 476.4 billion and a profit of RMB 23.9 billion over the past decade, with a total dividend payout of RMB 12.1 billion[48]. - In 2022, the company signed new domestic contracts amounting to RMB 4.65 billion, achieving a historical high in contract value[49]. - The company achieved a 40% year-on-year increase in technology licensing contracts, totaling RMB 399 million[49]. - The company achieved a revenue of RMB 53,028,139 thousand in 2022, a decrease of 8.2% compared to RMB 57,759,590 thousand in 2021[99]. - Gross profit for 2022 was RMB 5,612,325 thousand, down 13.2% from RMB 6,468,189 thousand in the previous year[99]. - Operating profit increased by 6.4% to RMB 1,810,813 thousand in 2022, compared to RMB 1,701,898 thousand in 2021[99]. - The net cash flow from operating activities surged by 131.3% to RMB 6,809,048 thousand in 2022, up from RMB 2,943,228 thousand in 2021[99]. - The company reported a capital return on investment of 7.8% in 2022, up from 7.5% in 2021[105]. - The total revenue for the year 2022 decreased by 8.2% to RMB 53,028.14 million from RMB 57,759.59 million in 2021[141]. - The net profit attributable to shareholders for the year was RMB 2.28 billion, reflecting the challenges faced during the year[118]. - The amount of uncompleted contracts at the end of 2022 was RMB 112.23 billion, up 21.0% from RMB 92.73 billion at the end of 2021[123]. Business Strategy and Development - The company aims to enhance its service levels across the entire energy and chemical engineering industry chain, focusing on safety, efficiency, and low-carbon solutions[40]. - The company plans to expand its business areas and extend its value chain to create a world-leading technology-driven engineering company[40]. - The company is positioned as a comprehensive service provider for the entire lifecycle of energy and chemical engineering projects[39]. - The company aims to align with the "dual carbon" goals, focusing on high-quality development and technological leadership in the energy and chemical industry[51]. - The company aims to enhance its service capabilities by providing high-end consulting and reliable engineering services for the green transformation of the energy and chemical industries, focusing on project quality and safety[52]. - The company is focused on building a world-leading technology-driven engineering firm, emphasizing value leadership, innovation, and green development[67]. - The company plans to focus on high-end, intensive, and differentiated development goals in technology innovation[135]. - The company will explore new opportunities under the "dual carbon" goals, particularly in nuclear power and refining applications[135]. - The company aims to strengthen its international business capabilities and deepen cooperation with international engineering firms[136]. Innovation and Technology - The company received 35 provincial and above-level awards for technological progress in 2022, reflecting its commitment to innovation[50]. - The company has established a comprehensive digital delivery system across nearly 40 large projects, enhancing engineering design efficiency and quality[50]. - The company has made significant advancements in green and low-carbon technologies, applying core environmental protection technologies in multiple major petrochemical projects[51]. - The company has established a comprehensive hydrogen energy technology R&D layout, supporting its expansion into the hydrogen energy business[85]. - The company developed a series of large-scale LNG storage tank technologies, which have been promoted and applied in the market[87]. - The company completed 301 technology development contracts and 92 technology licensing contracts, with a total contract value of RMB 855 million, marking a historical high[128]. - The company filed 771 new patent applications, with 540 being invention patents, accounting for 70% of the total[128]. - The company is committed to innovation in areas such as oil transformation and hydrogen energy, focusing on original and integrated innovation to advance refining and chemical processes[53]. Operational Efficiency - The company executed 1,192 projects domestically and internationally, with an average daily workforce exceeding 80,000, achieving a total of 250 million safe man-hours[49]. - The company has established a talent pool of 267 experts across 41 specialties, enhancing its talent development strategy[133]. - The company aims to enhance project management efficiency by optimizing cost control and improving collaboration across project phases[136]. - The company achieved a safety working hours total of 250 million, meeting annual quality and environmental goals[131]. Market Presence and Expansion - The company has successfully entered the Algerian market and exceeded its annual target of $1 billion in overseas business, consolidating its presence in the Middle East[49]. - The total number of domestic contracts signed reached 17,642, with a total value of RMB 452.5 billion, while 260 overseas contracts were signed, totaling USD 15.3 billion[68]. - The company has established long-term stable partnerships with major energy and chemical enterprises, accumulating a broad and stable customer base[40]. - The company has established a strong brand presence through participation in the Belt and Road Initiative, enhancing its equipment, technology, and standards internationally[52]. Financial Health and Governance - The company emphasizes continuous improvement in corporate governance and risk management, aiming to enhance the management system and attract high-level talent[53]. - The company maintains a stable profit distribution policy, ensuring shareholder returns while balancing long-term interests and sustainable development[64]. - The asset-liability ratio increased to 61.8% in 2022 from 60.1% in 2021[100]. - The total assets of the group as of December 31, 2022, were RMB 786.82 billion, an increase of RMB 5.76 billion from RMB 729.17 billion in 2021[193]. - The total liabilities increased to RMB 486.42 billion, up RMB 48.48 billion from RMB 437.94 billion in 2021[193]. - The group’s equity attributable to shareholders increased to RMB 300.40 billion, up RMB 9.16 billion from RMB 291.23 billion in 2021[193].
中石化炼化工程(02386) - 2022 - 年度业绩