XGMA(SH:600815)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 was CNY 1,923,792,146.40, a decrease of 35.19% compared to CNY 2,964,164,352.44 in 2021[24]. - The net profit attributable to shareholders of the listed company was CNY 258,200,717.66, compared to a loss of CNY 120,444,731.48 in 2021[24]. - The net profit after deducting non-recurring gains and losses was a loss of CNY 97,033,529.87, compared to a loss of CNY 270,661,968.24 in 2021[24]. - The total assets at the end of 2022 were CNY 2,754,927,319.42, a decrease of 7.85% from CNY 2,989,536,440.74 at the end of 2021[24]. - The net assets attributable to shareholders of the listed company increased by 16.91% to CNY 1,499,733,408.59 at the end of 2022[24]. - The basic earnings per share for 2022 was CNY 0.15, compared to a loss of CNY 0.07 in 2021[25]. - The weighted average return on net assets was 18.56% for 2022, compared to -9.08% in 2021[25]. - The company reported a total revenue of 15,000 million yuan for the year 2022, maintaining a stable performance compared to the previous year[92]. - The total compensation for the board members and senior management during the reporting period amounted to 450.20 thousand yuan, with no shareholding changes reported[94]. Operational Highlights - The company achieved a total asset of 2.755 billion RMB and a net asset of 1.5 billion RMB by the end of 2022, with an operating income of 1.007 billion RMB and a net profit attributable to the parent company of 258 million RMB[46]. - Operating income decreased by 35.19% compared to the previous year, primarily due to a decline in domestic engineering machinery product sales and reduced trade business[48]. - The company's operating costs also decreased by 35.65% to 917.16 million RMB, reflecting the drop in operating income[49]. - The engineering machinery sector generated 785.28 million RMB in revenue, down 17% year-on-year, with a gross margin decrease of 5.99 percentage points[52]. - The commercial trade segment saw a dramatic decline in revenue by 81.36%, contributing 94.24 million RMB[52]. - Equipment leasing revenue increased by 192.27%, reaching 55.55 million RMB, although the gross margin decreased by 20.64 percentage points[52]. - The production volume of engineering machinery products was 2,014 units, a decrease of 27.99% year-on-year, while sales volume was 2,677 units, down 12.09% year-on-year, and inventory decreased by 40.63%[54]. Strategic Initiatives - The company launched new electric loader models, XG958EV and XG962EV, aligning with national carbon neutrality strategies[35]. - The company has strengthened its overseas market presence, focusing on Southeast Asia, the Middle East, South America, Africa, and Eastern Europe to enhance export performance[34]. - The company is actively investing in digital platforms to enhance business decision-making and risk management capabilities[39]. - The company plans to establish a loader research institute and a new product research institute to enhance product innovation and explore related fields, aiming for breakthroughs in product optimization and localization[76]. - The company aims to expand its domestic and overseas market channels, focusing on developing untapped markets and strengthening its agent network[76]. - The company is focusing on risk management by improving its risk monitoring and early warning mechanisms to enhance its resilience against external economic uncertainties[78]. Management and Governance - The board of directors consists of 8 members, including 3 independent directors, and has held 14 meetings during the reporting period to ensure diligent oversight[86]. - The company conducted 4 shareholder meetings in the reporting period, ensuring effective communication and equal treatment of all shareholders[85]. - The company has established a comprehensive internal control system to ensure compliance with governance regulations and protect investor interests[89]. - The company has implemented a performance-based salary system for senior management, linking compensation to operational goals[127]. - The company has effectively managed its subsidiaries, ensuring compliance with governance and operational standards[128]. Environmental and Social Responsibility - The company invested a total of 8.6345 million RMB in environmental protection during the reporting period, with the headquarters contributing 6.8 million RMB[132]. - The company maintained an average wastewater discharge concentration of 30.17 mg/L for suspended solids, which is below the permitted limit of 400 mg/L[134]. - The average discharge concentration for volatile organic compounds was 0.375 mg/Nm3, well within the permitted limit of 40 mg/Nm3[134]. - The company achieved a 100% compliance rate for the disposal of solid and hazardous waste[135]. - The company is actively pursuing poverty alleviation projects, aiming to enhance the economic income of targeted villages over the next three years[148]. Related Party Transactions - The company reported a total of 265,340.30 million RMB in related party transactions for 2022, with actual transactions amounting to 110,050.33 million RMB[163]. - The company provided a credit guarantee of 2,010 million RMB for related party transactions, with a remaining guarantee balance of 1,260 million RMB[167]. - The company agreed to a credit guarantee limit of up to 100 million RMB for its dealers in 2022[165]. - The company has confirmed that there is no competition between its operations and those of Haiyi Group and its controlled enterprises[153]. Future Outlook - The company's future outlook remains cautious, with no specific guidance provided for the upcoming fiscal year[92]. - The engineering machinery industry is expected to face pressure in Q1 2023, but the company anticipates gradual relief and continued high export levels as the year progresses[74]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 30 million allocated for potential deals[97].