WZJT(SH:600368)2023-03-30 16:00Financial Performance - Operating revenue for 2022 was CNY 1,686,522,774.41, a decrease of 7.87% compared to 2021[23]. - Net profit attributable to shareholders decreased by 17.09% to CNY 581,800,638.15, primarily due to reduced toll revenue and foreign exchange losses[25]. - Basic and diluted earnings per share fell by 17.09% to CNY 0.5169[24]. - The total profit for the year was CNY 663 million, reflecting a decline of 17.94%, with net profit decreasing by 17.52% to CNY 578 million[44]. - The company reported a decrease in net profit after deducting non-recurring gains and losses by 15.49% to CNY 502,782,893.72[25]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan for the fiscal year, representing a 20% growth compared to the previous year[88]. - The company reported a revenue increase of 15% year-over-year, reaching 1.2 billion yuan in the latest quarter[90]. Shareholder Returns - The company plans to distribute a total of 171,096,074.34 CNY to shareholders, including 112,563,206.8 shares as stock dividends and 58,532,867.54 CNY in cash dividends[5]. - The company plans to increase its total share capital to 1,238,195,274.8 shares after the stock distribution of 112,563,206.8 shares[117]. - The company proposed a cash dividend policy, distributing 0.52 yuan per 10 shares, totaling 58,532,867.54 yuan in cash dividends, which represents 10.06% of the net profit attributable to ordinary shareholders[120]. Assets and Liabilities - Total assets at the end of 2022 were CNY 9,804,360,234.78, an increase of 1.91% from 2021[23]. - The company’s cash and cash equivalents at the end of the reporting period amounted to 936.76 million yuan, an increase of 70.65% from the previous period[58]. - The company’s long-term equity investments reached 1.892 billion yuan, up 38.59% from 1.365 billion yuan in the previous period[58]. - The company’s short-term borrowings increased by 50% to 600 million yuan from 400 million yuan in the previous period[58]. - The company has a total of 10 million RMB in loans guaranteed for its subsidiary from the Nanning Rural Credit Cooperative, with the loans taken on various dates throughout 2022[180]. Investments and Acquisitions - The company acquired 34% of Quanxing Company and 16.8% of Cengwu Company, confirming investment income of 106 million RMB in 2022[34]. - The company plans to expand its market presence through strategic acquisitions, including a 34% stake in Quanxing Company and a 16.8% stake in Cengwu Company[55]. - The company signed a share transfer agreement to acquire 34% equity in Full Prosperity Company on July 28, 2022[162]. - The company also signed a share transfer agreement to acquire 16.8% equity in Cengwu Company on the same date[162]. Risk Management - The company emphasizes the importance of investment risk awareness in its forward-looking statements[6]. - The company has not disclosed any major risk warnings in the report[9]. - There are no significant risks or violations reported regarding the decision-making process for external guarantees[8]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[7]. - The company is actively exploring equity financing channels to mitigate the impact of national toll policy changes on highway segment revenue[74]. Governance and Compliance - The board of directors and management have ensured the authenticity and completeness of the annual report[4]. - The company has established a comprehensive performance evaluation and incentive mechanism, with effective performance assessments conducted during the reporting period[79]. - The company maintains a "five independence" principle in its operations with the controlling shareholder, ensuring no non-operating fund occupation[76]. - The company has a structured remuneration assessment process for senior management, which is determined by the Board of Directors and the Compensation and Assessment Committee[96]. - The company has not faced any penalties from securities regulatory authorities in the past three years[99]. Operational Highlights - The company maintained a zero-accident safety record in 2022, enhancing its safety management capabilities[35]. - The company completed the construction of smart logistics park functions, with the Golden Bridge Logistics Park's customs declaration revenue reaching 15.06 million RMB, a year-on-year increase of 57.25%[33]. - The average maintenance cost per kilometer for managed road sections decreased by 13.98%, with multiple service areas awarded "four-star" ratings[32]. - The company successfully managed traffic flow during peak holiday periods, reducing congestion times significantly[131]. Legal Matters - The company is involved in multiple loan contract disputes, totaling 46 cases, with various entities including Guangxi Nanshan Trading Co., Ltd. and others[143]. - The company is seeking compensation for economic losses amounting to 8 million, plus interest calculated at rates of 7.358% and 24% for different periods[146]. - The company is currently in the process of appealing a judgment that maintains the original ruling against it[146]. Employee and Management - The company reported a total of 820 employees, with 417 in production, 19 in sales, 319 in technology, 36 in finance, and 29 in administration[112]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 4.8389 million yuan[96]. - The company has implemented a performance-based salary policy, ensuring competitive compensation levels in line with industry standards[114]. - The company conducted targeted training programs, achieving a 100% coverage rate for management personnel with an average of over 90 training hours per year[115].