KCGJ(SH:600097)2023-03-31 16:00Financial Performance - In 2022, the company's operating revenue was CNY 1,940,918,187.55, a decrease of 1.99% compared to CNY 1,980,317,010.95 in 2021[21]. - The net profit attributable to shareholders was CNY 106,103,150.25, down 44.45% from CNY 190,995,948.57 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 34,989,860.51, a decline of 58.90% from CNY 85,141,399.58 in 2021[21]. - The company's total revenue for the year was €96.41 million, reflecting an increase of 11.56%, while net profit decreased by 92.85% to €191,600[29]. - The total revenue for 2022 was approximately ¥1.93 billion, a decrease of 1.78% compared to the previous year[43]. - The company reported a net profit for 2022 of CNY 109,710,945.48, a decline of 44.53% compared to CNY 198,015,971.89 in 2021[174]. - The comprehensive income for the year was 67,234,426.29 RMB, compared to a loss of 52,534,556.14 RMB in the previous year, indicating a significant turnaround[189]. Assets and Liabilities - The company's total assets increased by 16.67% to CNY 3,434,449,648.88 at the end of 2022, compared to CNY 2,943,664,734.66 at the end of 2021[21]. - Total liabilities rose to CNY 1,307,359,088.16 in 2022, compared to CNY 927,724,671.08 in 2021, marking an increase of about 40.9%[168]. - Shareholders' equity reached CNY 2,127,090,560.72 in 2022, up from CNY 2,015,940,063.58 in 2021, reflecting a growth of approximately 5.5%[168]. - The company's cash and cash equivalents decreased to CNY 632,853,979.16 from CNY 758,019,759.18 in the previous year, indicating a decline of approximately 16.6%[166]. - The company's total liabilities to equity ratio increased to approximately 61.4% in 2022 from 46.0% in 2021, indicating a higher leverage position[168]. Cash Flow - Cash inflow from operating activities totaled CNY 2,119,583,001.37 in 2022, compared to CNY 2,012,802,812.03 in 2021, representing an increase of approximately 5.3%[181]. - The net cash flow from operating activities for 2022 was CNY 121,295,137.64, a decrease of approximately 46% from CNY 224,687,489.51 in 2021[181]. - The cash flow from investing activities showed a net outflow of CNY 94,420,494.41 in 2022, compared to a net inflow of CNY 12,414,432.26 in 2021[181]. - Cash flow from financing activities resulted in a net outflow of CNY 148,506,991.80 in 2022, compared to a net outflow of CNY 235,688,739.90 in 2021, indicating an improvement of about 37%[182]. Dividends and Shareholder Engagement - The company plans to distribute a cash dividend of CNY 1.33 per 10 shares, totaling CNY 32,044,562.35[5]. - The cash dividend policy is designed to ensure continuity and stability in returns to shareholders, particularly protecting the rights of minority investors[106]. - The company distributed dividends totaling 57,824,774.16 RMB during the year, which is an increase from 43,368,580.62 RMB in the previous year, representing a rise of approximately 33.4%[185]. - The company held three shareholder meetings in 2022, with attendance representing 56.81% of total shares at the first meeting, 48.69% at the second, and 46.08% at the third[82][83]. Operational Performance - The tuna purse seine fleet's catch volume was 95,800 tons, a year-on-year decrease of 12.75%, with sales volume at 78,900 tons, down 33.18%, leading to a revenue drop of 23.64% to ¥794 million[28]. - The large trawler fleet achieved a catch volume of 9,300 tons, a decrease of 24.39%, with sales volume down 46.99% to 8,800 tons, resulting in a revenue decline of 30.34% to ¥57.92 million[28]. - The company’s marine catch business experienced a revenue decline of 24.14% and a cost increase of 30.03%, with a gross margin of 36.81%, an increase of 5.32 percentage points[42]. - The company processed 95,778.42 tons of tuna, with sales volume at 78,897.24 tons, reflecting a 33.18% decrease in sales volume year-over-year[44]. Research and Development - Research and development expenses increased to CNY 480,000, marking a 100% increase as the company focused on developing its tuna industry chain[37]. - Research and development expenses for 2022 were CNY 480,000.00, with no prior year data available[173]. Governance and Compliance - The company has a structured compensation system for senior management based on performance metrics, ensuring alignment with operational results[91]. - The company’s governance structure includes independent directors and a supervisory board, ensuring oversight and compliance[85]. - The company has disclosed a total of 4 regular reports and 40 temporary announcements during the reporting period, ensuring transparency and compliance with information disclosure requirements[80]. Market Strategy - The company aims to enhance its core competitiveness and expand its overseas investments and base construction during the 14th Five-Year Plan period[32]. - The company intends to expand its international and domestic market share through investments and acquisitions, while also updating its aging fishing fleet[70]. - The company aims to strengthen its position in the deep-sea fishery sector, maintaining a leading scale in tuna purse seine fleets[72]. Risks and Challenges - The company faces risks related to fluctuations in performance due to factors such as climate, fishing grounds, and operational costs[73]. - The company has outlined potential industry and operational risks in its management discussion and analysis section[8].