JIANGSU HOLLY(SH:600128)2023-04-24 16:00Financial Performance - The company's operating revenue for 2022 was CNY 6,164,216,177.37, representing a 15.84% increase compared to CNY 5,321,094,345.13 in 2021[20]. - The net profit attributable to shareholders for 2022 was CNY 38,521,378.14, a 15.97% increase from CNY 33,216,316.03 in 2021[20]. - The basic earnings per share for 2022 was CNY 0.1561, reflecting a 15.97% increase from CNY 0.1346 in 2021[22]. - The total assets at the end of 2022 were CNY 5,350,996,365.91, an 8.79% increase from CNY 4,918,775,671.59 at the end of 2021[21]. - The total equity attributable to shareholders at the end of 2022 was CNY 2,081,602,386.57, a slight decrease of 0.15% from CNY 2,084,818,922.58 at the end of 2021[21]. - The company achieved a total operating revenue of 6.164 billion RMB in 2022, representing a year-on-year growth of 15.84%[29]. - The net profit attributable to the parent company was 38.52 million RMB, an increase of 15.97% compared to the previous year[29]. - The revenue from domestic sales was 2.740 billion RMB, showing a year-on-year increase of 43.47%[51]. - The company reported a significant increase in R&D expenses, which amounted to 1.18 million RMB, marking a 100% increase from the previous year[48]. - The company reported a net cash flow from operating activities of -¥144,314,717.43, a significant decrease from ¥185,125,593.21 in the previous year[65]. Cash Flow and Investments - The net cash flow from operating activities for 2022 was CNY -144,314,717.43, an improvement from CNY -185,125,593.21 in 2021[20]. - The cash flow from financing activities was 257.30 million RMB, a significant improvement compared to the previous year's negative cash flow[48]. - The company reported a significant increase in other current liabilities by 178.78% to ¥148,841,953.25, mainly due to an increase in endorsed but not yet due bank acceptance bills[68]. - The company has entrusted cash asset management with a total of RMB 15,000 million in bank wealth management, RMB 14,750 million in trust wealth management, RMB 4,810.04 million in asset management products, and RMB 4,419.24 million in public funds[183]. - The company has no overdue amounts in its entrusted wealth management activities[183]. Business Operations and Strategy - Export business for toys saw a significant increase, with export volume growing by 60% due to leveraging the advantages of the Yangzhou R&D center[29]. - The company exported over 20 million USD in pet supplies, supported by nearly 200 independent brands and design patents[29]. - The coal business operated 780,000 tons, achieving record revenue and profit levels[30]. - The company completed 1,200 bidding projects in the bidding agency business, receiving a 5A certificate from the Jiangsu Provincial Government Procurement Association[30]. - The company is focusing on energy-saving and environmental protection industries, particularly in smart and green buildings, and has implemented high-pressure fine water mist system solutions in various projects[31]. - The company is actively promoting the transformation and upgrading of its subsidiaries, with profit contributions from these transformations gradually increasing[40]. - The company is focusing on expanding its international trade, particularly in "Belt and Road" countries and emerging markets, to optimize its business structure[91]. Risk Management and Governance - The company has outlined potential risks in its management discussion and analysis section, advising investors to be cautious[6]. - The company is committed to enhancing its risk management capabilities by improving governance structures and implementing comprehensive risk prevention measures[34]. - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations, ensuring clear responsibilities among shareholders, the board, and management[95]. - The company has maintained effective compliance management, enhancing its operational management capabilities and risk prevention abilities[95]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[136]. Shareholder and Executive Management - The total pre-tax remuneration for key executives during the reporting period amounted to 454.24 million yuan[102]. - The company has a structured compensation management system that includes basic and performance-based salaries[109]. - The company has seen changes in its board, with several appointments and resignations due to various reasons[110]. - The company held multiple shareholder meetings in 2022, approving various proposals including the annual financial report and profit distribution plan[98]. - The total number of ordinary shareholders as of the end of the reporting period was 22,499, down from 23,096 at the end of the previous month[195]. Future Outlook and Strategic Goals - The company anticipates challenges in foreign trade due to external economic pressures, with a shift in focus from supply chain disruptions to weakened external demand and declining orders[82]. - The company aims to enhance its core business growth by focusing on key customers and expanding market reach, with a detailed plan for exhibitions and international visits[86]. - The company is targeting a 3-5 year digital transformation plan to establish a big data platform and improve internal data connectivity and analysis capabilities[88]. - The management has provided guidance for the next quarter, expecting revenue growth of 12% and net profit growth of 15%[104]. - The company is actively exploring new financial products and investment strategies to adapt to market changes and enhance profitability[187].