NARI-TECH(SH:600406)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 was ¥46,828,962,926.94, representing a 10.42% increase from ¥42,411,007,392.46 in 2021[20]. - The net profit attributable to shareholders for 2022 was ¥6,446,181,151.11, an increase of 14.24% compared to ¥5,642,448,311.81 in 2021[20]. - The net cash flow from operating activities reached ¥8,759,962,599.71, showing a significant increase of 87.55% from ¥4,670,773,603.37 in 2021[20]. - The total assets at the end of 2022 were ¥76,665,557,522.15, a 5.41% increase from ¥72,732,951,414.38 at the end of 2021[22]. - The net assets attributable to shareholders increased by 11.76% to ¥42,466,099,217.30 from ¥37,996,904,562.13 in 2021[22]. - The company reported a net profit excluding non-recurring gains and losses of ¥6,293,844,949.29, up 13.83% from ¥5,529,087,237.95 in 2021[20]. - The total share capital increased by 20.73% to ¥6,694,849,118.00 from ¥5,545,436,888.00 in 2021[22]. - The company's total revenue for the reporting period reached ¥46.83 billion, representing a year-on-year increase of 10.42% compared to ¥42.41 billion in the previous year[54]. - Operating costs increased to ¥34.16 billion, up 10.17% from ¥31.01 billion in the previous year[54]. - The gross profit margin for the electrical equipment manufacturing sector was 26.97%, reflecting a slight increase of 0.18 percentage points year-on-year[57]. Dividend and Profit Distribution - As of December 31, 2022, the company's undistributed profits amounted to CNY 25.90 billion, with a capital reserve of CNY 8.95 billion[5]. - The proposed cash dividend is CNY 3.9 per 10 shares (including tax), resulting in a total cash dividend distribution of CNY 2.61 billion, representing a cash dividend payout ratio of 40.50%[5]. - The company has a clear and stable cash dividend policy in place, ensuring compliance with regulations and protection of minority shareholders' rights[155]. - In 2022, the company distributed a cash dividend of 3.9 RMB per 10 shares, amounting to 2,610,856,167.27 RMB, which is 40.50% of the consolidated net profit attributable to shareholders[156]. Research and Development - Research and development investment totaled 3.125 billion yuan, accounting for 6.67% of total revenue[29]. - The company was granted 434 patents in 2022, including 403 invention patents[29]. - The company reported a significant increase in R&D expenses, totaling ¥2.38 billion, which is a 10.55% rise from ¥2.15 billion in the previous year[54]. - The company’s R&D personnel accounted for 32.32% of the total workforce, with a total of 3,388 R&D staff[70]. - The company is focused on enhancing its research and development capabilities in power automation technologies[121]. Market Expansion and Strategic Initiatives - The company is focused on expanding its market presence and enhancing its product offerings through new technologies and innovations[18]. - The company aims to improve operational efficiency and financial performance through strategic initiatives and potential mergers and acquisitions[18]. - Future strategies include expanding market presence and exploring potential mergers and acquisitions to strengthen competitive positioning[121]. - The company plans to achieve a revenue of 51.6 billion yuan in 2023, representing a year-on-year growth of 10%[95]. - The company is focusing on expanding its market presence, particularly in high-voltage projects and digital energy services[95]. Risk Management and Compliance - The company faces several risks, including industry policy risk, talent risk, product technology innovation risk, intellectual property risk, and overseas operation risk[8]. - The company has not encountered any violations in decision-making procedures regarding external guarantees[7]. - The company has maintained compliance with its internal control systems and related transaction management[182]. - The company has not faced any penalties from securities regulatory agencies in the past three years[135]. Corporate Governance - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with legal requirements and diligent performance of duties[108]. - The company held 11 board meetings during the reporting period, ensuring compliance with legal regulations and internal rules[109]. - The supervisory board, consisting of 6 members, conducted 10 meetings, maintaining oversight on financial status and compliance of management actions[110]. - The company implemented a performance evaluation system linking executive compensation to business performance, enhancing motivation among core personnel[111]. - The company’s independent directors hold two-thirds of the positions in various committees, enhancing professional governance[109]. Social Responsibility and Environmental Initiatives - The company has been actively fulfilling its social responsibility by publishing its ESG report for the first time in 2022, continuing its commitment since 2012[175]. - The company is involved in rural revitalization projects, including a photovoltaic power station that is expected to create 200 jobs and increase local income[177]. - The company has independently developed a carbon management system that has received TÜV Süd certification[172]. - The company has established an environmental protection mechanism and complies with relevant environmental laws and regulations[167]. - The company has been recognized as a "garden-style unit" for its efforts in ecological and environmental protection[169]. Financial Stability and Investments - The company has no major litigation or arbitration matters during the reporting period, indicating a stable legal environment[188]. - The company has no bankruptcy reorganization matters, indicating financial stability[187]. - The company has a continuous audit service period of 1 year with the appointed auditors, ensuring consistency in financial reporting[185]. - The company reported a total deposit interest income of RMB 27.07 million during the reporting period, with an average daily deposit balance of RMB 1.611 billion[196]. - The company has a capital loan of RMB 1,200 million from NARI Group, which is expected to be converted into equity investment upon future capital increase[194].