SANY(SH:600031)2023-03-31 16:00Financial Performance - The company's operating revenue for 2022 was CNY 80,018,098, a decrease of 24.59% compared to CNY 106,113,346 in 2021[17]. - The net profit attributable to shareholders for 2022 was CNY 4,272,802, reflecting a decline of 64.49% from CNY 12,033,364 in the previous year[17]. - The net cash flow from operating activities was CNY 4,098,763, down 65.57% from CNY 11,904,233 in 2021[17]. - Basic earnings per share for 2022 were CNY 0.5055, a decrease of 64.62% from CNY 1.4287 in 2021[18]. - The weighted average return on equity decreased by 13.30 percentage points to 6.65% in 2022 from 19.95% in 2021[18]. - In 2022, the company's total revenue was 80.82 billion RMB, a year-on-year decrease of 24.59%, while net profit attributable to shareholders was 4.273 billion RMB, down 64.49%[25]. - The company achieved a net cash flow from operating activities of 4.099 billion RMB in 2022[25]. - The company's operating revenue for the reporting period was 80,018,098 thousand RMB, a decrease of 24.59% compared to 106,113,346 thousand RMB in the same period last year[56]. - The company's operating costs were 60,799,763 thousand RMB, down 22.73% from 78,679,820 thousand RMB year-on-year, primarily due to the decline in sales revenue[56]. Assets and Liabilities - The total assets at the end of 2022 amounted to CNY 158,754,601, representing an increase of 14.58% from CNY 138,556,543 at the end of 2021[17]. - The company's net assets attributable to shareholders increased by 2.00% to CNY 64,965,662 at the end of 2022, compared to CNY 63,690,908 at the end of 2021[17]. - As of December 31, 2022, the company's total assets were 1587.54 billion RMB, and net assets attributable to shareholders were 649.66 billion RMB[25]. - The company's overseas assets totaled CNY 41,471,237, representing 26.12% of total assets[72]. - The company's long-term borrowings increased by 125.20% to CNY 21,624,937, accounting for 13.62% of total liabilities[72]. International Sales and Market Position - The company's overseas sales revenue reached 36.571 billion RMB, representing a year-on-year growth of 47.19%[25]. - The company's international sales revenue reached 36.57 billion yuan in 2022, a significant increase of 47.19% year-on-year, with international revenue accounting for 45.7% of total revenue, up 22.3 percentage points[35]. - The company's market share for large excavators reached first place, with sales revenue of 35.76 billion RMB in this category[26]. - The concrete machinery segment maintained its position as the global leader, with sales revenue of 15.08 billion RMB and a market share exceeding 30%[26]. - The company's global market share for excavators exceeded 8%, with a 40% market share for concrete pump trucks, maintaining the top position in overseas exports for excavators, cranes, and concrete machinery[41]. Research and Development - The company is committed to increasing R&D investment and advancing its "three transformations" strategy, focusing on digitalization, electrification, and internationalization[25]. - The company invested 6.923 billion yuan in R&D, focusing on new products, technologies, electrification, and internationalization, resulting in 2,663 patent applications and 1,787 patents granted[42]. - The company has made 43 key technology breakthroughs in 2022, promoting over 120 technologies, including innovations in welding robots and automated material allocation methods[29]. - The company has increased its electric vehicle R&D personnel from under 100 in 2021 to over 1,600, covering various fields such as battery and control algorithms[33]. - The company launched nearly 200 new products in 2022, including the world's first fully electric 300-ton excavator and the SCL10000 all-terrain crane, achieving a historical best in both quantity and quality of technological achievements[42]. Environmental Compliance and Sustainability - The company has been recognized as a key pollutant discharge unit, adhering to emission standards without exceeding limits[148]. - The total COD emissions for SANY Automotive were reported at 13.5 tons per annum, well below the permitted 180 tons[149]. - The company has received a standard unqualified opinion in its internal control audit report[146]. - The company reported a total nitrogen oxide emission of 1.539 tons per year, which is below the permitted limit of 3.6135 tons per year[150]. - The company achieved a volatile organic compounds (VOCs) emission of 9.6 tons per year, significantly lower than the permitted limit of 34.812 tons per year[153]. Corporate Governance - The company is committed to establishing a robust governance structure to ensure compliance and protect shareholder interests[106]. - The company held 12 supervisory board meetings during the reporting period to ensure financial oversight and compliance with shareholder resolutions[107]. - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with relevant laws and regulations[107]. - The company disclosed that it has not experienced any insider trading violations or regulatory actions related to insider information management during the reporting period[107]. - The company has maintained its cash dividend policy without adjustments during the reporting period[135]. Future Outlook - The company anticipates favorable conditions for the construction machinery industry in 2023, driven by enhanced macro policies, a recovery in real estate, and accelerated infrastructure construction[46]. - The company aims for a revenue growth of over 10% in 2023, focusing on high-quality development and digital transformation[96]. - The company provided a positive outlook for 2023, projecting a revenue growth of 20% driven by new product launches and market expansion efforts[116]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[116]. - The company is focused on transforming mechanical products into electronic, internet, and unmanned operation products, enhancing its technological capabilities[93].