CSSC-STC(SH:600072)2023-03-31 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 109,947,103.71 for the year 2022, with the parent company reporting a net profit of RMB 53,007,542.55[4]. - The proposed cash dividend distribution is RMB 0.45 per 10 shares, totaling RMB 33,131,244.74, which represents 30.13% of the net profit attributable to shareholders[4]. - The company's operating revenue for 2022 was CNY 3,349,451,670.17, representing a 39.01% increase compared to CNY 2,409,471,909.26 in 2021[16]. - The net profit attributable to shareholders for 2022 was CNY 109,947,103.71, a 37.35% increase from CNY 80,047,823.25 in 2021[17]. - The net profit after deducting non-recurring gains and losses was CNY 91,892,847.99, which is a 17.72% increase compared to CNY 78,059,538.48 in 2021[17]. - The basic earnings per share for 2022 was CNY 0.1493, up 37.35% from CNY 0.1087 in 2021[18]. - The weighted average return on net assets increased to 2.76% in 2022, up 0.73 percentage points from 2.03% in 2021[18]. - The total assets at the end of 2022 were CNY 7,528,895,305.45, a decrease of 4.13% from CNY 7,853,642,486.76 at the end of 2021[17]. - The company's net assets attributable to shareholders at the end of 2022 were CNY 4,020,566,214.25, reflecting a 1.64% increase from CNY 3,955,663,668.72 at the end of 2021[17]. Revenue and Growth - The revenue for the fourth quarter of 2022 was CNY 1,125,782,016.88, contributing to the overall annual growth[20]. - The company achieved an annual revenue of RMB 3,349.45 million in 2022, representing a growth of 39.01% compared to the previous year[24]. - The engineering general contracting revenue increased by 56.82% year-on-year, while the engineering design, surveying, consulting, and supervision revenue decreased by 7.38%[24]. - The company signed a total of 667 new projects during the reporting period, with a cumulative value of approximately RMB 4.016 billion[24]. - The company reported a government subsidy of CNY 23,248,543.62 in 2022, which is relevant to its normal business operations[21]. Cash Flow and Financial Position - The net cash flow from operating activities for 2022 was negative CNY 265,187,085.65, compared to positive CNY 327,625,963.52 in 2021[17]. - The company's net cash flow from investing activities decreased by 74.20% year-on-year, amounting to ¥194,121,653.89[33]. - The net cash flow from financing activities improved, with a decrease of ¥442,349,423.34 compared to a previous year of ¥1,204,428,280.15[33]. - Cash and cash equivalents at the end of the period amounted to ¥1,278,444,955.12, representing 16.98% of total assets, a decrease of 41.77% compared to the previous period[50]. - Accounts receivable increased by 42.56% to ¥57,011,181.19, accounting for 0.76% of total assets[50]. Research and Development - The company’s R&D expenses increased by 46.30% to CNY 104,926,255.63[32]. - The number of R&D personnel is 545, making up 34.67% of the total workforce[46]. - The company is committed to enhancing its research and development efforts to innovate new products and technologies in the maritime industry[90]. Corporate Governance - The company has established four specialized committees under the board to enhance governance and operational efficiency[81]. - The company maintained independence from its controlling shareholder in terms of personnel, assets, and operations, with no reported misuse of funds[83]. - The company is committed to improving its corporate governance structure and ensuring compliance with regulatory requirements to protect shareholder interests[79]. - The company has a board of directors consisting of 12 members, with a mix of independent and non-independent directors[90]. Environmental and Social Responsibility - The company invested a total of 68 million RMB in environmental protection, with 5 million RMB from Guangzhou Longxue Pipe Industry Co., Ltd. and 1.8 million RMB from Shanghai Jiangnan Pipe Industry Co., Ltd.[117]. - The average emission concentration of particulate matter was 20 mg/m³, with a total discharge of 10,813.02 kg, compliant with local environmental standards[118]. - The company has implemented pollution control facilities, including bag dust collectors and wastewater treatment stations, ensuring all pollutants meet discharge standards[120]. - The company has committed to resolving competition issues with its controlling shareholder, China Shipbuilding Group, within five years[133]. Legal and Compliance - The company has not faced any penalties from securities regulatory authorities in the past three years[96]. - The company has not encountered any significant accounting errors or changes in accounting policies during the reporting period[138]. - The company maintains a good integrity status, with no instances of failing to fulfill court judgments or significant debts reported during the reporting period[145]. Strategic Initiatives - The company is actively pursuing market expansion through engineering general contracting and consulting services, adapting to industry trends[75]. - The company plans to issue non-public shares to specific investors, aiming to raise funds for strategic acquisitions, including 100% of China Shipbuilding Industry Corporation and 88.58% of Zhongchuan Wind Power[76]. - The company is exploring opportunities for mergers and acquisitions to strengthen its competitive position in the market[152].