2023-03-26 16:00Financial Performance - The company achieved a net profit attributable to shareholders of approximately RMB 3,724,115 thousand, resulting in earnings per share of approximately RMB 0.7392[4]. - The company reported a significant increase in revenue for the fiscal year 2022, with a year-on-year growth of 15%[13]. - The company's operating revenue for 2022 was CNY 13,255,603,107.72, a decrease of 7.03% compared to CNY 14,260,532,858.18 in 2021[22]. - Net profit attributable to shareholders of the listed company for 2022 was CNY 3,724,115,165.87, down 12.99% from CNY 4,280,010,033.09 in 2021[22]. - The basic earnings per share for 2022 was CNY 0.7392, representing a decrease of 12.99% compared to CNY 0.8496 in 2021[24]. - The total profit for the year was RMB 4.581 billion, down 17.70% compared to the previous year[33]. - The company achieved an operating revenue of RMB 13.256 billion in 2022, representing a year-on-year decrease of 7.05%[33]. - The company reported a significant increase in contract liabilities, decreasing by 61.89% to CNY 162,928,919.15 from CNY 427,561,162.30[70]. Dividend and Shareholder Returns - The board proposed a cash dividend of RMB 0.46 per share (including tax), based on a total share capital of 5,037,747,500 shares, with the expected payment date on July 26, 2023[4]. - The company has maintained a high dividend payout ratio since its listing, reflecting its commitment to providing stable returns to shareholders[40]. - The company distributed a cash dividend of RMB 2,317,363,850, which represents 62.22% of the net profit attributable to ordinary shareholders in the consolidated financial statements[143]. Risk Management and Compliance - The company has provided a detailed analysis of potential risks in its business operations and development in the annual report[6]. - The company has established a comprehensive risk management system to enhance risk governance capabilities[46]. - The company has implemented a comprehensive compliance management system, enhancing internal control and risk management across subsidiaries[147]. - The internal control audit report by KPMG confirmed effective financial reporting internal controls as of December 31, 2022[148]. - The company has received the highest A-level rating for information disclosure from the Shanghai Stock Exchange for three consecutive years, showcasing its compliance and governance effectiveness[40]. Business Operations and Strategy - The company has set a revenue guidance for 2023, projecting a growth rate of 10% to 12%[13]. - New product launches are expected to contribute an additional $50 million in revenue in the upcoming year[13]. - The company is investing $30 million in research and development for new technologies aimed at enhancing operational efficiency[13]. - Market expansion plans include entering two new provinces, which are projected to increase market share by 5%[13]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of $100 million allocated for potential deals[13]. - The company is exploring new operational models and has established a super experience center for electric vehicles, significantly increasing daily traffic and customer engagement[35]. Environmental and Social Responsibility - The company is committed to green and low-carbon development, aligning with national policies to achieve carbon peak and neutrality goals[92]. - The company reported a total of 1,099.886 kilometers of landscape greenbelt along highways in 2022, promoting environmental protection initiatives[155]. - The company achieved a 100% recycling rate for harmful waste materials such as waste asphalt residue, sealing tape, and sealing glue[157]. - The company expanded its "transportation + energy" sector by acquiring 100% equity of Yunshan Qingneng Company, which submitted 5 distributed photovoltaic power station project applications in 2022[157]. - The company actively participated in poverty alleviation and rural revitalization projects with a total investment of CNY 1.2 million, benefiting 4,555 individuals through various initiatives[161]. Governance and Management - The company maintains a robust governance structure, adhering to legal and regulatory requirements, and has received recognition for its investor relations efforts[98]. - The company has a structured remuneration policy for its board members and executives, ensuring transparency and accountability[103][104]. - The company has implemented a new governance structure to enhance operational and financial performance[120]. - The board held a total of 8 meetings during the year, with 7 conducted via a combination of in-person and communication methods[120]. - The company has a mix of executive and non-executive directors, with varying levels of remuneration reflecting their roles[103][104]. Financial Position and Investments - The total assets at the end of 2022 were CNY 78,458,345,074.07, an increase from CNY 74,246,831,643.32 at the end of 2021[22]. - The company completed the acquisition of 100% equity in Yunsong Qingneng Company for CNY 2,457,000,000, impacting financial reporting and necessitating adjustments to prior year data[24]. - The company raised RMB 29,866,170,000 in new direct financing during the reporting period, with interest-bearing debt totaling approximately RMB 35,426,657,000, an increase of about RMB 4,146,627,000 from the beginning of the period[77]. - The company plans to invest approximately RMB 4,264.19 million in 2023, a decrease of RMB 3,377.79 million compared to the actual expenditure of RMB 7,641.98 million in 2022[93]. Market and Competitive Landscape - The company experienced a decline in toll road traffic volume, which negatively affected its main business operations and financial performance[25]. - Increased competition from alternative transportation options and expanding railway networks in Jiangsu province may reduce market share and revenue growth[96]. - The real estate sector's prolonged inventory turnover could affect sales performance and the pace of exiting real estate funds, influenced by market conditions and regulatory policies[96]. Employee and Training Initiatives - The total number of employees in the parent company is 3,778, and the total number of employees in major subsidiaries is 1,020, resulting in a combined total of 4,798 employees[135]. - The company has established a training program that covered nearly 23,000 employee training sessions, with a training expenditure of approximately RMB 10.75 million[138]. - The total salary expenses for employees amounted to approximately RMB 839.78 million during the reporting period[136].