AVICHM(SH:600765)2023-03-16 16:00Financial Performance - The company's operating revenue for 2022 was ¥10,569,690,898.56, representing a 20.25% increase compared to ¥8,789,901,985.93 in 2021[16] - The net profit attributable to shareholders of the listed company for 2022 was ¥1,201,768,494.38, a 34.93% increase from ¥890,640,048.04 in 2021[16] - The company reported a net profit attributable to the parent company of ¥1,186,326,685.04 for 2022, which is a 63.88% increase from ¥723,891,554.33 in 2021[16] - The company's total revenue for the reporting period reached CNY 1,056,969.09 million, an increase of 20.25% compared to the previous year, driven by increased market orders and improved product delivery capabilities[19] - The net profit attributable to shareholders for the reporting period was CNY 120,176.85 million, reflecting a growth of 34.93%, primarily due to a significant increase in revenue and a smaller rise in costs[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 118,632.67 million, up 63.88%, mainly due to the increase in net profit and a substantial reduction in non-recurring gains and losses[19] - Basic earnings per share for the reporting period were CNY 0.82, a 28.13% increase from the previous year, while diluted earnings per share also stood at CNY 0.82[18] - The weighted average return on equity increased to 12.19%, up 1.14 percentage points from the previous year, attributed to significant profit growth[18] - The total profit for the period was CNY 153,445,200, reflecting a year-on-year growth of 34.18%[33] Dividend Distribution - The profit distribution plan for 2022 includes a cash dividend of ¥1.65 per 10 shares, totaling ¥242,888,099.85 based on 1,472,049,090 shares[3] - The company plans to maintain the total distribution amount unchanged, adjusting the distribution ratio if there are changes in the total share capital before the equity registration date[3] - A cash dividend of 1.65 CNY per 10 shares is planned for distribution based on the total share capital as of January 31, 2023, totaling 242,888,099.85 CNY[120] Operational Efficiency - The net cash flow from operating activities for the reporting period was CNY 774,381,979.22, a decrease of 48.97%, mainly due to a reduction in customer prepayments and an increase in procurement funds[20] - The cash flow from operating activities showed a quarterly fluctuation, with a net cash flow of CNY 1,082,231,137.83 in Q4, indicating recovery after a negative cash flow in Q1[22] - The company's total assets at the end of 2022 were CNY 21,084,671,407.66, representing a 7.11% increase from the end of 2021[17] - The net assets attributable to shareholders at the end of 2022 were CNY 10,392,761,819.26, an increase of 11.04% compared to the end of 2021[17] Market and Business Development - The forging and casting business generated revenue of 8.584 billion yuan, representing a year-on-year growth of 28.19%[25] - The hydraulic and thermal control business reported revenue of 1.986 billion yuan, with the aviation segment contributing 1.352 billion yuan, a year-on-year increase of 17.35%[30] - The company is focusing on new energy markets, including wind power and automotive sectors, to drive growth in non-aviation business[26] - The company is actively participating in new projects and product development in the civil aviation market, securing new customers and products[25] - The company is enhancing its production efficiency and internal management to improve market competitiveness, particularly in the context of the "dual carbon" goals[25] - The company is positioned to benefit from national policies aimed at boosting the manufacturing sector, particularly in aerospace and hydraulic control industries[28] Research and Development - Research and development expenses increased by 25.31% to CNY 434,148,142.08, indicating a stronger focus on new product development[36] - The company completed 4,096 new product developments, achieving 102% of the annual target, and filed 275 patents, including 165 invention patents[50] - The company has established three national-level enterprise technology centers and two post-doctoral innovation bases, enhancing its technological innovation capabilities[32] Corporate Governance - The company has conducted three shareholder meetings in the reporting period, ensuring equal rights for all shareholders, particularly minority shareholders[75] - The board of directors increased from 6 to 9 members, complying with legal and regulatory requirements[77] - The company held 10 board meetings during the reporting period, ensuring adherence to relevant laws and regulations[77] - The company revised its internal control systems and completed an internal control self-assessment, finding no major defects[78] - The company maintained a commitment to fair treatment of stakeholders, balancing the interests of shareholders, employees, and other parties[79] Related Party Transactions - The company will manage related party transactions with AVIC Group and its subsidiaries, ensuring fairness and compliance with relevant laws and regulations[145] - Total sales to related parties amounted to approximately 3.64 billion RMB, accounting for 34.43% of similar transactions[156] - Total purchases from related parties reached approximately 1.48 billion RMB, representing 20.33% of similar transactions[156] Environmental and Social Responsibility - The company invested CNY 11.03 million in energy-saving initiatives and CNY 17.86 million in environmental protection efforts[135] - The company reduced carbon emissions by 12,385 tons through various decarbonization measures, including the use of low-carbon technologies in production[135] - The company conducted 23 rounds of energy-saving and environmental protection inspections across its units[135] - 中航重机在2022年捐赠15万元用于建设航空科普教室，超额完成年度各项帮扶指标[142] - 中航重机推出“绣娘计划”，组织和引导当地中老年妇女进行技能培训，助力乡村振兴[141] 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[72] - The projected total profit for 2023 is 1.6 billion yuan, reflecting an increase of 4.27% year-over-year[72] - The company aims to enhance its core competitiveness in the forging and casting industry by integrating resources and improving technological innovation capabilities[71]