GWYD(SH:600517)2023-04-26 16:00Financial Performance - The total revenue for 2022 reached 10.861 billion CNY, an increase of 14.51% year-on-year[6]. - The net profit attributable to shareholders was 1.069 billion CNY, a decrease of 12.65% compared to the previous year[6]. - Yingda Trust achieved a revenue of 2.607 billion CNY, up 15.79% year-on-year, with a net profit of 1.404 billion CNY, an increase of 13.90%[6]. - Yingda Securities reported a revenue of 1.891 billion CNY and a net profit of 54.04 million CNY[6]. - Yingda Carbon Assets generated a revenue of 48.40 million CNY, a significant increase of 87.78%, with a net profit of 8.34 million CNY, up 283.29%[6]. - ZhiXin Electric's revenue was 6.315 billion CNY, growing by 12.52%, with a net profit of 68.04 million CNY, an increase of 50.48%[6]. - The company plans to distribute a cash dividend of 0.57 CNY per 10 shares, totaling approximately 325.95 million CNY, which accounts for 30.5% of the net profit attributable to shareholders[10]. - Total revenue for 2022 reached ¥10,861,214,271.72, an increase of 14.51% compared to ¥9,485,273,791.55 in 2021[24]. - Operating income was ¥7,080,914,506.64, reflecting a growth of 23.95% from ¥5,712,643,878.14 in the previous year[24]. - The net cash flow from operating activities increased by 68.97% to ¥1,286,659,899.03, compared to ¥761,481,737.72 in 2021[24]. - The net assets attributable to shareholders increased by 2.74% to ¥18,840,581,032.93 from ¥18,338,602,209.76 in the previous year[24]. - Basic earnings per share for 2022 were ¥0.187, down 12.62% from ¥0.214 in 2021[25]. - The weighted average return on net assets decreased to 5.75%, down from 6.88% in 2021, a reduction of 1.13 percentage points[25]. - The company reported a 15.67% decline in interest income, totaling ¥808,909,067.96 compared to ¥959,218,715.62 in 2021[24]. - Commission and fee income increased by 5.62% to ¥2,971,390,697.12 from ¥2,813,411,197.79 in the previous year[24]. Innovation and Development - The company is committed to innovation, with 7 new patent applications and 2 patents granted in the field of vanadium flow battery technology[6]. - The company completed 121 patent applications in 2022, with 90 of them being invention patents[31]. - The company is actively exploring innovative carbon service models and has launched a comprehensive "carbon management" service platform[63]. - The company is investing in R&D for new products, including high-voltage capacitors and vanadium battery structures, to meet the demands of renewable energy applications[92]. - The company has established a sound incentive mechanism linked to employee performance, skills, and tenure, enhancing employee motivation and corporate cohesion[133]. Green Finance and Sustainability - The company is focusing on green finance and has developed 6 green financial services and 8 green financial products to support low-carbon transitions[7]. - The company issued green bonds and provided carbon management services, facilitating over RMB 6.5 billion in low-cost financing for enterprises[31]. - The company has developed and promoted green products, including energy-efficient transformers, which were recognized in the national energy-saving technology equipment directory[151]. - The company has committed to a paperless office initiative and promotes green commuting among employees[151]. - The company invested CNY 3.2336 million in environmental protection during the reporting period[146]. - The company achieved a reduction of 1,076 tons in carbon dioxide equivalent emissions through various carbon reduction measures[150]. - The company was recognized as the second in the "Central Enterprise ESG Social Value Pioneer 50 Index" by the State-owned Assets Supervision and Administration Commission[148]. Governance and Compliance - The company aims to enhance its governance and has achieved an A-level rating for information disclosure for two consecutive years[7]. - The company has established a comprehensive internal governance structure, including an audit and compliance management committee, nomination committee, and strategic committee[100]. - The company adheres to corporate governance standards, ensuring compliance with relevant laws and regulations during shareholder meetings[98]. - The company has implemented measures to ensure compliance with legal and regulatory requirements, enhancing its governance framework[104]. - The company received an "A" grade for its information disclosure work from the Shanghai Stock Exchange for the 2021 to 2022 period, having disclosed 4 regular reports and 33 temporary announcements[103]. Market and Strategic Focus - The company is focused on enhancing asset management capabilities and developing innovative financial products to support the real economy[36]. - The company plans to continue expanding its market presence in clean energy and integrated energy services, aligning with industry trends towards low-carbon development[63]. - The company is actively pursuing mergers and acquisitions to strengthen its competitive position in the industry[114]. - The company is exploring opportunities for market expansion and strategic partnerships to enhance its competitive position[116]. - The company aims to achieve total operating revenue of RMB 10.8 billion and total profit of RMB 2.6 billion in 2023, with capital expenditures projected at RMB 410 million[91]. Risk Management - The company emphasizes a comprehensive risk control system to prevent major risks and enhance risk management capabilities[90]. - Credit risk management is being strengthened through improved risk preference systems and digital risk control mechanisms[94]. - The company is actively monitoring market risks, including interest rate and commodity price fluctuations, to maintain acceptable risk levels[95]. - The company’s risk management measures were effective, with no major risk events reported throughout the year[31]. Employee and Management Structure - The company has a total of 3,082 employees, with 29 in the parent company and 3,053 in major subsidiaries[132]. - The company employed 648 R&D personnel, accounting for 21.03% of total staff[75]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 10.3033 million yuan[121]. - The remuneration for directors and supervisors is determined by the shareholders' meeting, while the remuneration for senior management is decided by the board of directors[121]. - The company has a diverse management team with members holding positions in various financial and energy-related organizations[119]. Subsidiaries and Joint Ventures - The company’s subsidiary, Yinda Insurance Asset Management Co., generated CNY 27.59 million in revenue from service sales[181]. - The company’s joint venture with Nanjing General Electric Smart Monitoring and Diagnosis Co. reported sales revenue of CNY 2.74 million[181]. - The company’s total sales from various subsidiaries included CNY 425.23 million from leasing services, indicating a diverse revenue stream[181]. Shareholder and Equity Structure - The controlling shareholder, Yingda Group, holds 65.53% of the company's shares, ensuring the company operates independently in business, assets, personnel, and finance[102]. - The top ten shareholders held a total of 3,747,456,382 shares, representing 65.53% of the total shares[197]. - The largest shareholder, State Grid Yingda International Holdings Group Co., Ltd., holds 3,747,456,382 shares, with no pledged or frozen shares[197]. - The company has no significant changes in shareholder structure or asset and liability structure during the reporting period[195].