QCEC(SH:600218)2023-03-30 16:00Financial Performance - In 2022, the company's operating revenue was CNY 4,936,268,279.26, a decrease of 10.38% compared to CNY 5,508,197,839.47 in 2021[22] - The net profit attributable to shareholders of the listed company for 2022 was CNY 103,132,902.59, down 32.20% from CNY 152,104,404.48 in 2021[22] - The basic earnings per share for 2022 was CNY 0.24, a decline of 38.46% from CNY 0.39 in 2021[22] - The weighted average return on net assets decreased to 3.37% in 2022 from 6.14% in 2021, a reduction of 2.77 percentage points[22] - The company reported a net profit of CNY 38,708,321.33 after deducting non-recurring gains and losses, a decrease of 62.98% from CNY 104,551,788.19 in 2021[22] - The total revenue for the engine segment was approximately ¥4.76 billion, a year-over-year decrease of 10.36%[46] - The revenue from plastic pipes reached approximately ¥86.54 million, reflecting a year-over-year decline of 15.74%[46] - The total comprehensive income for 2022 was approximately ¥86.72 million, a decrease of 39.5% from ¥142.93 million in 2021[197] Cash Flow and Investments - The net cash flow from operating activities increased by 50.38% to CNY 390,526,862.70 in 2022 from CNY 259,700,896.43 in 2021[22] - The company reported a net cash flow from operating activities of CNY 390,526,862.70, an increase of 50.38% year-on-year[40] - The company has invested a total of ¥85,080,000 in various projects, with the hydrogen fuel cell intelligent manufacturing project receiving ¥22,194,440 in benefits[63] - The company plans to utilize up to RMB 800 million of idle funds for cash management, investing in safe and liquid financial products within a 12-month period[149] - The company has invested 1.394 billion RMB from its own funds in bank wealth management products, with an outstanding balance of 548 million RMB[151] Market and Sales Performance - The domestic multi-cylinder diesel engine market saw a sales volume of 3.7279 million units in 2022, a year-on-year decrease of 30.10%[30] - The company achieved sales of 357,400 multi-cylinder engines, a year-on-year decrease of 18.93%[39] - The company actively expanded its domestic and international markets, aiming to stabilize and deepen relationships with existing customers while developing new customer resources[31] Research and Development - Research and development expenses were CNY 174,038,619.21, a decrease of 3.91% from the previous year[40] - The company has strengthened its innovation capabilities by increasing investment in key core technologies and new product R&D, completing the third phase of the testing center construction[30] - The company is focused on maintaining transparency and effective communication with investors, ensuring timely disclosure of important information[78] Quality Management and Environmental Initiatives - The company implemented a quality management system according to IATF16949:2016, aiming for zero defects in product quality[32] - The company has established a mechanism for environmental protection and invested CNY 2,438,000 in environmental protection funds during the reporting period[122] - The company has committed to further reducing pollutant emissions and ensuring compliance with environmental standards through the introduction of new equipment and technologies[129] Governance and Compliance - The company has established a performance evaluation and incentive mechanism for its board members and senior management to ensure accountability[79] - The company maintains a clear and independent ownership structure, with no interference from the controlling shareholder in financial decisions[80] - The company has not faced any penalties from securities regulatory agencies in the past three years[93] Employee and Talent Management - The company has a total of 2,781 employees, with 2,199 in the parent company and 582 in major subsidiaries[102] - The company emphasizes training for high-skilled and high-technical talents to enhance its competitive human resources[104] - The company has established a dedicated environmental management team with 13 professionals, including 1 master's degree holder in environmental engineering[123]