AVICHM(SH:600765)2023-03-14 16:00Financial Performance - The company's operating revenue for 2022 was CNY 10,569,690,898.56, representing a 20.25% increase compared to CNY 8,789,901,985.93 in 2021[23]. - The net profit attributable to shareholders of the listed company reached CNY 1,201,768,494.38, a 34.93% increase from CNY 890,640,048.04 in the previous year[23]. - The total profit for the reporting period was 1.534452 billion yuan, representing a year-on-year increase of 34.18%[49]. - The company achieved a total operating revenue of 1,056,969.09 million RMB, representing a growth of 20.25% compared to the previous year, driven by increased market orders and improved product delivery capabilities[26]. - The net profit attributable to shareholders reached 120,176.85 million RMB, an increase of 34.93%, primarily due to significant revenue growth and a smaller increase in costs[26]. - The basic earnings per share rose to 0.82 RMB, up 28.13% year-on-year, while the diluted earnings per share also increased by the same percentage[28]. - The weighted average return on equity increased by 1.14 percentage points to 12.19%, reflecting substantial profit growth[28]. - The total operating revenue for the reporting period reached 10.56969 billion yuan, reflecting a year-on-year growth of 20.25%[49]. - Operating costs increased by 18.71% to ¥7,478,695,219.06 from ¥6,299,958,019.27, primarily due to the growth in revenue[51]. - The total revenue for the main business reached 6,085,409,923.42, representing a 30.03% increase compared to the previous year[61]. Cash Flow and Assets - The net cash flow from operating activities decreased by 48.97% to CNY 774,381,979.22, down from CNY 1,517,593,549.52 in 2021[24]. - The total assets at the end of 2022 were CNY 21,084,671,407.66, reflecting a 7.11% increase from CNY 19,684,745,604.80 at the end of 2021[24]. - The net assets attributable to shareholders of the listed company increased by 11.04% to CNY 10,392,761,819.26, compared to CNY 9,359,613,483.20 at the end of 2021[24]. - The company reported a significant decrease in financing cash flow, down by ¥2,607,222,294.75 compared to the previous year, primarily due to reduced borrowings[53]. - Accounts receivable increased by 45.52% to CNY 383.49 million, reflecting revenue growth[72]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.65 per 10 shares, totaling CNY 242,888,099.85 based on the total shares of 1,472,049,090.00 as of January 31, 2023[6]. - The total dividend amount distributed in 2022 was 178,778,568.12 yuan, which represents 20.07% of the net profit attributable to ordinary shareholders in the consolidated financial statements[174]. - The company distributed a cash dividend of 0.495 yuan per 10 shares, totaling 46,514,201.58 yuan, with retained earnings of 410,579,224.26 yuan carried forward to the next year[169]. - For the year-end 2021, the company proposed a cash dividend of 1.70 yuan per 10 shares, amounting to 178,778,568.12 yuan, with a total share capital increase of 420,655,454 shares from capital reserves[169]. Research and Development - Research and development expenses rose by 25.31% to ¥434,148,142.08, reflecting increased investment in new product development[53]. - The company identified 21 independent R&D projects, with some achieving significant breakthroughs in key technologies, including high-pressure hydraulic pump technology[68]. - The company has established three national-level enterprise technology centers and two post-doctoral innovation bases[46]. - The number of R&D personnel is 743, making up 10.79% of the total workforce[66]. Market and Industry Position - The company is focusing on innovation and market expansion, particularly in the context of the "dual carbon" strategy, to enhance its competitive edge and support sustainable growth[35]. - The company is actively involved in the aerospace sector, providing products for nearly all domestic aircraft and engine models, and has accumulated strong technical capabilities in this area[47]. - The forging industry is crucial for national security and economic stability, with approximately 85% of aircraft components being forgings[39]. - The hydraulic and thermal control industry is expected to see stable demand driven by infrastructure development and agricultural modernization in China[40]. - The company is committed to becoming a leading provider in military aviation domestically and achieving international excellence in civil aviation equipment[100]. Governance and Compliance - The company maintained compliance with corporate governance standards, with no significant deficiencies found in internal controls during the self-assessment[127]. - The company has established various information disclosure management systems to ensure accurate and timely information dissemination[128]. - The company has not encountered any significant discrepancies in governance compared to regulatory requirements[130]. - The company has a strong governance structure with a mix of experienced professionals in its leadership team[140]. Social Responsibility and Environmental Initiatives - In 2022, the company invested CNY 11.03 million in energy-saving initiatives and CNY 17.86 million in environmental protection efforts[188]. - The company reported a reduction of 12,385 tons in carbon dioxide equivalent emissions through various decarbonization measures[190]. - A total of 460.55 million CNY was invested in poverty alleviation and rural revitalization projects, benefiting 273 individuals[194]. - The company organized 119 training sessions on energy-saving and environmental protection, with 5,497 participants[185]. Future Outlook - The company expects to achieve operating revenue of 11 billion yuan in 2023, representing a growth of 4.07% compared to the previous year[107]. - The projected total profit for 2023 is 1.6 billion yuan, which indicates a growth of 4.27% year-over-year[108]. - The company aims to enhance its core competitiveness in the forging and casting industry by establishing a comprehensive service platform for high-end forging, casting, and additive manufacturing[105].