HOMEY(SH:600467)2023-04-24 16:00Financial Performance - The company's operating revenue for 2022 was CNY 1,192,975,646.71, a decrease of 4.84% compared to CNY 1,253,664,442.81 in 2021[20]. - The net profit attributable to shareholders for 2022 was CNY 59,626,656.84, down 9.90% from CNY 66,176,117.51 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 84.67% to CNY 43,970,763.70 from CNY 23,809,949.70 in 2021[20]. - The net cash flow from operating activities for 2022 was CNY 257,181,618.50, a decline of 32.34% compared to CNY 380,127,709.59 in 2021[20]. - The total assets at the end of 2022 were CNY 6,612,255,452.68, a decrease of 1.63% from CNY 6,721,854,623.74 at the end of 2021[20]. - The net assets attributable to shareholders at the end of 2022 were CNY 3,354,220,616.01, an increase of 1.23% from CNY 3,313,494,942.00 in 2021[20]. - Basic earnings per share decreased by 8.89% to CNY 0.041 in 2022 from CNY 0.045 in 2021[21]. - The diluted earnings per share also decreased by 8.89% to CNY 0.041 in 2022 from CNY 0.045 in 2021[21]. - The company reported a gross margin of 38.40% in the aquaculture sector, a decrease of 16.38% year-on-year[45]. - The average external sales price of fresh sea cucumbers was CNY 131.45 per kilogram, a decrease of 10.14% compared to the previous year[40]. Dividend and Retained Earnings - The company plans to distribute a cash dividend of CNY 0.13 per 10 shares, totaling CNY 18,992,925.95, based on a share capital of 1,460,994,304 shares as of December 31, 2022[6]. - The company reported a retained earnings balance of CNY 1,122,250,686.17 after the dividend distribution[6]. - The total cash dividend accounted for 30.91% of the net profit attributable to ordinary shareholders in the consolidated financial statements[110]. - The company's retained earnings decreased by CNY 20,453,920.26, reflecting a distribution to shareholders[189]. Research and Development - Research and development expenses increased by 352.66% to CNY 14,295,098.20, indicating a significant investment in innovation[41]. - The company has a total of 493 authorized patents, including 81 invention patents, demonstrating its commitment to innovation and technology development[31]. - The company is focusing on innovation-driven development and aims to improve operational efficiency and management levels[29]. - Research and development expenses increased significantly to CNY 12,332,842.09, compared to CNY 1,286,823.89 in 2021, marking an increase of over 860%[172]. Market and Competition - The company is adapting to market demands by implementing a dual marketing strategy for domestic and international markets in response to increased competition and economic pressures[30]. - The company faces intense competition in the marine aquaculture industry due to low entry barriers and numerous competitors in Shandong province[61]. - The company is focusing on the integration of the entire supply chain in the sea cucumber industry, emphasizing organic and sustainable practices[74]. - The company is adapting to market trends by focusing on large brands and green consumption to meet consumer preferences[74]. Operational Highlights - The company operates 8 deep-sea squid fishing boats, 16 trawlers, and 20 light-shield net fishing boats, with a total of 3 fishery companies and 1 deep-sea fishery company located in Shandong, Hainan, and Guangxi[30]. - The company aims to expand its modern sea cucumber breeding facilities, with over 1 million square meters operational by the end of 2022[29]. - The company has expanded its organic sea cucumber breeding area from 400,000 square meters in 2018 to 1,080,000 square meters, becoming the largest organic sea cucumber breeding base in China[37]. - The company is committed to sustainable fishing practices and adheres to seasonal fishing bans to protect marine resources[80]. Governance and Compliance - The company has established a comprehensive governance structure, ensuring independence from its controlling shareholders[83]. - The company has implemented strict internal control systems to protect investor interests and ensure compliance[85]. - The company maintains transparency in information disclosure, ensuring all shareholders have equal access to information[85]. - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2022[149]. Employee and Management - The total number of employees in the parent company is 986, while the main subsidiaries employ 2,536, resulting in a total of 3,522 employees[103]. - The company has a salary policy that aligns with its operational philosophy and management model, aiming to attract high-quality talent and enhance employee motivation[105]. - The company has established an incentive mechanism linking the remuneration of senior management to their responsibilities and contributions[94]. - The management is responsible for ensuring the financial statements are prepared in accordance with accounting standards and for maintaining internal controls[157]. Future Outlook - The company aims to enhance its core competitiveness and profitability while improving employee satisfaction in 2023[76]. - The company plans to optimize its management structure and continue refining its operational management team to achieve high-quality development[76]. - The company plans to invest in sea cucumber farming, new seedling construction, new specialty stores, and the expansion of sea cucumber beverage sales in 2023[77]. - The company is committed to enhancing its internal controls and addressing any identified deficiencies to ensure compliance and operational efficiency[161].