LJRB(SH:600853)2023-03-30 16:00Financial Performance - The company achieved operating revenue of CNY 16,959,130,680.84 in 2022, representing an increase of 11.59% compared to 2021[24]. - Net profit attributable to shareholders reached CNY 349,344,447.09, a growth of 29.95% year-over-year[24]. - The net cash flow from operating activities was CNY 997,844,811.72, a significant recovery from a negative cash flow in 2021[24]. - Total assets at the end of 2022 amounted to CNY 32,484,808,601.67, reflecting a 22.03% increase from the previous year[24]. - Basic earnings per share increased to CNY 0.34, up 25.93% from CNY 0.27 in 2021[25]. - The weighted average return on equity rose to 13.98%, an increase of 3.40 percentage points compared to 2021[25]. - The company reported a quarterly revenue of CNY 5,598,421,802.59 in Q4 2022, contributing to a strong year-end performance[27]. - Non-recurring gains for 2022 totaled CNY 10,396,292.80, compared to CNY 6,840,757.53 in 2021[30]. - The company reported a total revenue of ¥16,959,130,680.84 for the year, representing a 13.63% increase from the previous year[73]. - The net profit attributable to the parent company was CNY 34,934,440,000, with a total profit of CNY 47,665,100,000[65]. Dividend and Share Capital - The company plans to distribute a cash dividend of 0.35 CNY per 10 shares, totaling approximately 35.52 million CNY, which represents 10.17% of the net profit attributable to shareholders for the year 2022[5]. - As of December 31, 2022, the total share capital of the company was 1,014,902,546 shares[5]. - The company does not plan to increase capital through the conversion of capital reserves this year[5]. - The cash dividend policy remains unchanged, with a proposed cash dividend of 0.35 RMB per 10 shares, totaling 35,521,589.11 RMB distributed to shareholders[171]. - The cash dividend represents 13.21% of the net profit attributable to shareholders of the listed company for the year[171]. Risk Management - The company reported no significant risk events during the reporting period, and potential risks and mitigation measures are detailed in the report[8]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not violated decision-making procedures for providing guarantees to external parties[7]. - The company has established a robust risk management framework to address safety, information, and foreign exchange risks associated with its operations[118][119][117]. - The company acknowledges the complex and severe international and domestic political and economic situations, which pose uncertainties and potential risks to its business development[106]. Market Expansion and Development - The company is focused on high-quality development under its "14th Five-Year Plan," aiming for significant breakthroughs in operational capabilities[35]. - The company successfully expanded its domestic market and secured key investment projects, including the North Desert Expressway and the Harbin Southwest Ring Expressway[37]. - The company is actively pursuing market expansion through new project signings and ongoing construction efforts, reflecting a positive outlook for future growth[97]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by 2025[148]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the technology sector[143]. Innovation and Technology - The company achieved significant progress in technology innovation, with 57 ongoing research projects and 175 new intellectual property rights granted[40]. - The company holds a total of 541 patents and has published 148 technical papers, enhancing its innovation capabilities[61]. - Research and development expenses decreased by 20.73% to CNY 492,095,456.67, attributed to fewer new project initiations in 2022[67]. - The company is investing heavily in R&D, with a budget allocation of 200 million for new technologies aimed at enhancing operational efficiency[143]. - The company has adopted ISO14001 environmental management standards, ensuring compliance with national and local environmental regulations[184]. Governance and Management - The management team emphasizes the importance of accurate and complete financial reporting, ensuring accountability for the report's content[4]. - The governance structure includes a board of 10 members, with a majority being external directors, ensuring diverse expertise and stakeholder representation[124]. - The company has established a mechanism for evaluating the performance of the board and senior management, enhancing accountability[127]. - The company has established specialized committees, including the Audit Committee and the Strategic Committee, to enhance governance[155]. - The company has committed to avoiding competition with its controlling shareholder and related entities, ensuring independence in operations and business activities[129]. Environmental and Social Responsibility - The company has committed to sustainable development by integrating ecological protection measures into its construction practices[186]. - The company received recognition for its environmental efforts, including awards for 1 provincial model project and 5 green construction projects during the reporting period[184]. - Total investment in social responsibility initiatives amounted to 733,000 RMB, benefiting approximately 4,073 individuals through various programs such as poverty alleviation and community support[190]. - The company actively participated in rural revitalization projects with a total investment of 84,000 RMB, directly benefiting 418 individuals through employment and infrastructure improvements[191]. - The company achieved a reduction of 50,563 tons in carbon dioxide equivalent emissions through various decarbonization measures, including the use of clean energy and recycling of old materials[187]. Future Outlook - The company planned to add new contract orders of 28.5 billion RMB in 2023, with a target revenue of 18 billion RMB and a net profit of 4.2 billion RMB[110]. - The company is set to increase the expected amount of daily related transactions for 2022[157]. - The company has outlined a strategy to prioritize business opportunities that benefit Longjian Road and Bridge Co., Ltd.[198]. - The company is committed to maintaining a stable growth strategy while actively promoting moderate diversification in related professional fields[107]. - The company is focusing on expanding its market presence through strategic planning and potential mergers[161].