Hitech Develop(SH:600082)2023-04-27 16:00Financial Performance - In 2022, the company's operating revenue was approximately RMB 493.39 million, a decrease of 45.87% compared to RMB 911.55 million in 2021[21]. - The net profit attributable to shareholders of the listed company was RMB 10.17 million, slightly up by 0.97% from RMB 10.07 million in the previous year[21]. - The net profit after deducting non-recurring gains and losses was RMB 16.33 million, a significant improvement from a loss of RMB 16.93 million in 2021[21]. - The net cash flow from operating activities increased by 674.30% to RMB 316.34 million, compared to RMB 40.85 million in 2021[21]. - The total assets at the end of 2022 were RMB 2.80 billion, a slight decrease of 0.53% from RMB 2.81 billion in 2021[21]. - The net assets attributable to shareholders of the listed company were RMB 1.76 billion, an increase of 0.58% from RMB 1.75 billion in 2021[21]. - The basic earnings per share for 2022 were RMB 0.0157, a marginal increase from RMB 0.0156 in 2021[23]. - The weighted average return on net assets was 0.58%, unchanged from the previous year[23]. - The company reported non-recurring losses of -6,166,522.42 RMB in 2022, compared to gains in previous years[29]. - The company achieved operating revenue of CNY 493.39 million, a decrease of 45.87% compared to the same period last year[46]. - Operating costs decreased by 51.23% to CNY 389.63 million[48]. - The company reported a significant reduction in revenue from the technology park operations and wholesale goods, primarily due to rental reductions[49]. - The gross margin for the technology park development segment was 59.50%, while the operating segment was 35.59%[52]. - The company reported a total revenue of 40 million RMB for the year 2022, with a focus on maintaining independence in operations and financial management[138]. - The company reported a total of CNY 8,295,747.00 in selling expenses for 2022, which is an increase of 17.9% from CNY 7,031,003.12 in 2021[193]. - The company’s total current liabilities reached CNY 986,399,533.96, an increase of 11% from CNY 888,904,356.12 in 2021[193]. - The company’s long-term payables decreased to CNY 30,904,103.34 in 2022 from CNY 136,442,223.99 in 2021, a reduction of 77.3%[193]. Operational Developments - The company focused on enhancing property rental and sales, aiming to increase the proportion of rental properties[33]. - The acquisition of the Tianjin Chip Fire Innovation Platform's North Building was completed, expanding the company's self-owned rental property portfolio[34]. - The company is committed to improving the business environment and property quality to support high-tech enterprises in the park[34]. - The company aims to optimize its asset, business, and revenue structures to drive high-quality development amid macroeconomic uncertainties[33]. - The company has revised its pricing system to enhance marketing efforts and expand rental property sales channels[34]. - The company is actively integrating high-quality resources within the high-tech zone to support its strategic goals[33]. - The company has completed the construction of the BPO Park 5G demonstration project and is planning a "zero-carbon community" project in collaboration with new energy partners[35]. - The company has acquired new fund shares to promote the development of its industrial investment business segment, aiming to enhance the scale of its industrial funds and improve asset structure[36]. - The company has implemented a professional manager system reform and completed the public selection of middle management personnel to strengthen its talent pool[36]. - The company has increased efforts in receivables collection to provide strong cash flow support for operations[36]. - The company is focusing on the integration of innovation projects in the Binhai High-tech Zone, particularly in new economy, biomedicine, and new energy sectors[41]. - The company has developed over one million square meters of industrial park projects, fostering a cluster of quality technology enterprises in software development, service outsourcing, and biomedicine[43]. - The company is transitioning from traditional business models to a more specialized and diversified approach in the incubation industry, enhancing its service capabilities[42]. - The company aims to create a good business environment by accelerating the improvement and transformation of quality properties in the park[41]. - The company is actively exploring new investment models and expanding its investment projects to strengthen its industrial investment channels[42]. Governance and Compliance - The board of directors consists of 8 members, including 3 independent directors, ensuring compliance with legal requirements[90]. - The company maintains independence from its controlling shareholder, ensuring no interference in decision-making and operations[91]. - The company adheres to strict information disclosure practices, ensuring transparency and equal access to information for all shareholders[91]. - The company has continuously improved its corporate governance structure and internal control system in accordance with relevant laws and regulations, with no significant discrepancies noted[92]. - The annual report indicates that the total pre-tax remuneration for directors and senior management during the reporting period amounted to 1.3426 million yuan[97]. - The company held three extraordinary general meetings in 2022, all of which passed the proposed resolutions without any rejections[95]. - The company has not reported any significant changes in the competitive landscape or measures taken to address potential conflicts with controlling shareholders[92]. - The company has not disclosed any new product developments or technological advancements in the provided documents[92]. - The company has not indicated any plans for market expansion or mergers and acquisitions in the current reporting period[92]. - The company’s board of directors and supervisory board have undergone changes, with several resignations and new appointments made[92]. - The company has not reported any significant changes in shareholder structure or voting rights during the reporting period[93]. - The company has not applied for any new credit facilities for the 2022-2023 period as per the resolutions passed in the shareholder meetings[95]. - The company has not disclosed any specific future performance guidance or outlook in the provided documents[92]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period was 134.26 million[102]. - The remuneration for directors and supervisors is determined by the compensation standards set by the shareholders' meeting[102]. - The company appointed Li Hongliang as the secretary of the board during the tenth board meeting[103]. - Wang Xiangjun, the former director and general manager, resigned for personal reasons[103]. - The company has a compensation management method for senior management that is approved by the board[102]. - The current board includes members with extensive experience in various sectors, including finance and law[100]. - The company has a compliance management department led by Deng Yonghai, ensuring adherence to regulations[100]. - The company held a total of 10 board meetings in 2022, with all meetings conducted in person[106]. - The board approved the proposal to establish a professional management team on March 17, 2022[104]. - The company appointed new financial and general managers during the board meetings in March 2022[104]. - The board approved the 2021 annual financial report and profit distribution plan on April 29, 2022[104]. - The company held six meetings of the audit committee during the reporting period[109]. - The company’s internal control evaluation report for 2021 was reviewed and approved, ensuring compliance with regulatory standards[108]. - The company strictly adheres to its profit distribution policy, ensuring that cash dividend decisions comply with the company's articles of association and shareholder resolutions[119]. - The cash dividend policy is clearly defined and meets the requirements of the company's articles of association and shareholder resolutions[120]. - The company reported a positive profit available for distribution to shareholders but did not propose a cash dividend distribution plan for 2022, citing significant operational cash flow needs for 2023[122]. - The company has completed the distribution of profits for the 2020 fiscal year as of July 23, 2021, and plans to retain undistributed profits for future operational needs[122]. - The internal control system is effective, with no significant defects found in financial and non-financial reports during the reporting period[124]. - The company has eight wholly-owned subsidiaries and has established a management system for external investments to ensure effective oversight and management[124]. - The internal control audit report received a standard unqualified opinion from the auditing firm[125]. - The company has not disclosed a separate social responsibility report or ESG report[128]. Legal and Regulatory Matters - There were no significant lawsuits or arbitration matters reported for the year 2022, indicating a stable legal standing[140]. - The company has no major related party transactions that are currently applicable, ensuring transparency in operations[143]. - The company faced a lawsuit regarding a property sale contract, resulting in a judgment to return 17,894,478 RMB to the plaintiff[140]. - The company is pursuing a case against Tianjin Jiexin Tumor Hospital for overdue rent amounting to 6,558,223.84 RMB, with additional claims for penalties[141]. - The company has not encountered any non-compliance issues with court judgments or significant debts that remain unpaid[142]. - The company has not made any changes to accounting policies or estimates that would impact financial reporting[137]. - The company has ensured that its financial department operates independently, with no shared banking accounts with related parties[135]. Shareholder and Capital Structure - The total number of common stock shareholders increased to 38,693 by the end of the reporting period, up from 36,414 at the end of the previous month, representing a growth of approximately 6.3%[158]. - The largest shareholder, Tianjin Haitai Holding Group Co., Ltd., holds 156,938,768 shares, accounting for 24.29% of the total shares[160]. - Tianjin Huayuan Real Estate Co., Ltd. is the second-largest shareholder with 31,730,164 shares, representing 4.91% of the total shares[160]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three shareholders alone accounting for over 30% of the total shares[160]. - There are no changes in the controlling shareholder or actual controller during the reporting period, maintaining stability in ownership[164]. - The company has no other domestic or foreign listed companies in which it holds controlling or equity interests[164]. - The report indicates that there are no significant changes in the company's asset and liability structure during the reporting period[158]. - The company has not issued any new shares or securities during the reporting period, maintaining its existing capital structure[158]. - There are no strategic investors or general corporations that have become top ten shareholders through new share placements during the reporting period[164]. - The company has no plans for significant mergers or acquisitions in the near future, focusing on organic growth and market expansion[164]. Asset and Liability Management - The company's inventory balance at the end of 2022 was CNY 2,124.70 million, accounting for 75.99% of total assets[175]. - Cash and cash equivalents decreased from CNY 305.79 million in 2021 to CNY 155.77 million in 2022[184]. - Accounts receivable increased from CNY 66.23 million in 2021 to CNY 135.87 million in 2022[184]. - Other receivables decreased from CNY 46.29 million in 2021 to CNY 0.19 million in 2022[184]. - The company has not implemented any share buyback during the reporting period[167]. - The company has not reported any significant changes in shareholder structure or major shareholders' pledge status[167]. - The audit opinion confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2022[171]. - The company has not issued any corporate bonds or convertible bonds during the reporting period[169]. - The management is responsible for assessing the company's ability to continue as a going concern[178]. - The company has not disclosed any significant uncertainties regarding its ability to continue as a going concern[182]. - Total assets as of December 31, 2022, amounted to CNY 2,796,042,746.23, a slight decrease from CNY 2,810,921,537.05 in 2021[186]. - Current assets decreased to CNY 2,452,579,830.34 from CNY 2,665,004,288.07, reflecting a decline of approximately 8%[186]. - Cash and cash equivalents increased to CNY 133,510,512.65 from CNY 108,178,446.49, representing a growth of about 23.4%[189]. - Accounts receivable rose significantly to CNY 92,718,640.53 from CNY 48,575,209.28, indicating an increase of approximately 91%[189]. - Inventory decreased to CNY 718,020,983.82 from CNY 759,134,759.34, a reduction of about 5.4%[189]. - Total liabilities decreased to CNY 1,038,408,205.19 from CNY 1,063,452,192.12, a decline of approximately 2.4%[186]. - Short-term borrowings increased to CNY 499,302,680.15 from CNY 417,000,000.00, reflecting an increase of about 19.7%[186]. - Non-current assets totaled CNY 343,462,915.89, up from CNY 145,917,248.98, indicating a significant increase[186]. - The company's equity attributable to shareholders rose to CNY 1,757,634,541.04 from CNY 1,747,469,344.93, a growth of approximately 0.6%[186]. - The total liabilities and equity amounted to CNY 2,796,042,746.23, consistent with the total assets[186]. - Total operating revenue for 2022 was CNY 493,392,964.70, a decrease of 45.8% compared to CNY 911,545,495.42 in 2021[192]. - Total operating costs for 2022 were CNY 473,775,897.67, down 47.5% from CNY 902,968,437.80 in 2021[193]. - Net profit for 2022 was CNY 10,165,196.11, slightly up from CNY 10,067,887.71 in 2021, representing a growth of 0.97%[194]. - Total liabilities for 2022 amounted to CNY 1,092,311,975.98, an increase of 6.1% from CNY 1,030,346,580.11 in 2021[193]. - Total equity for 2022 was CNY 1,661,366,028.35, a slight decrease of 0.4% from CNY 1,665,105,849.41 in 2021[193]. - Basic and diluted earnings per share for 2022 were both CNY 0.0157, compared to CNY 0.0156 in 2021, indicating a marginal increase[194]. - Interest expenses for 2022 were CNY 52,777,967.10, down from CNY 67,300,157.78 in 2021, reflecting a decrease of 21.6%[193].