AECC AP(SH:600893)2023-03-30 16:00Financial Performance - The net profit attributable to the parent company for 2022 was CNY 1,267,781,836.73, after deducting the statutory surplus reserve of CNY 53,240,176.21, leaving CNY 1,214,541,660.52 available for distribution to shareholders[3]. - The proposed dividend distribution is CNY 1.45 per 10 shares, totaling CNY 386,511,164.51, which accounts for 30.49% of the net profit attributable to the parent company for the year[4]. - The parent company's undistributed profits at the beginning of 2022 were CNY 1,941,317,613.35, with a net profit of CNY 532,401,762.10 for the year, resulting in year-end distributable profits of CNY 2,068,265,392.62[3]. - The company's operating revenue for 2022 was approximately CNY 37.10 billion, an increase of 8.78% compared to CNY 34.10 billion in 2021[18]. - The net profit attributable to shareholders for 2022 was approximately CNY 1.27 billion, reflecting a growth of 6.75% from CNY 1.19 billion in 2021[18]. - The basic earnings per share for 2022 was CNY 0.48, up 6.67% from CNY 0.45 in 2021[19]. - The company reported a significant increase of 18.70% in net profit after deducting non-recurring gains and losses, reaching approximately CNY 838.13 million in 2022[18]. - The weighted average return on net assets for 2022 was 3.34%, an increase of 0.11 percentage points compared to 3.23% in 2021[19]. - The company achieved a main business revenue of 36,570.29 million yuan, representing a year-on-year growth of 8.63%[30]. - The company achieved operating revenue of CNY 37,097,148,873.02, representing a year-on-year growth of 8.78%[33]. Cash Flow and Assets - The net cash flow from operating activities decreased by 167.30% to approximately -CNY 11.24 billion, primarily due to a reduction in customer prepayments and an increase in procurement payments[20]. - The total assets at the end of 2022 were approximately CNY 89.97 billion, a slight decrease of 0.75% from CNY 90.65 billion at the end of 2021[18]. - The net assets attributable to shareholders at the end of 2022 were approximately CNY 38.40 billion, a 2.54% increase from CNY 37.45 billion at the end of 2021[18]. - The company reported a total of 6,760.43 million yuan in financial assets, with a significant decrease of 6,290.30 million yuan during the period[25]. - The company's cash and cash equivalents decreased by 41.07% to CNY 9.37 billion, down from CNY 15.91 billion in the previous year[58]. - The accounts receivable increased by 27.05% to CNY 16.45 billion, compared to CNY 12.95 billion in the previous year[58]. - The company's inventory increased by 25.44% to CNY 25.73 billion, compared to CNY 20.52 billion in the previous year[58]. Research and Development - The company applied for 683 patents during the reporting period, including 682 invention patents, with 384 patents granted[32]. - Research and development expenses increased by 50.29% to CNY 710,503,994.95, indicating a focus on innovation[36]. - The company is focusing on enhancing its research and development capabilities in the aviation engine sector to catch up with global leaders[77]. - The company aims to enhance its research and development capabilities, focusing on improving coating quality, blade positioning, and process maturity in 2023[83]. Market and Competition - The company is focusing on expanding its market presence in both military and civil aviation sectors, leveraging its technological capabilities[29]. - The company is actively participating in the development of domestic civil aviation engines, aiming to capture market opportunities[29]. - The company is facing increased market competition from private enterprises in the aviation engine sector, which may impact its market position[81]. - The company aims to enhance the proportion of high-value and high-tech new parts in its foreign trade export business despite facing significant challenges[86]. Governance and Compliance - The company maintains a robust governance structure, ensuring compliance and efficiency in decision-making processes[87]. - The company has established an independent financial management system, ensuring no fund occupation or unauthorized guarantees by the controlling shareholder[89]. - The company emphasizes transparent information disclosure and investor relations management to enhance investor confidence and recognition of its value[87]. - The company has not been subject to penalties from securities regulatory agencies in the past three years[102]. Environmental Responsibility - The company invested 75.926 million yuan in environmental protection during the reporting period[125]. - The company has established a mechanism for environmental protection and is listed as a key pollutant discharge unit by local authorities[126]. - The company reported actual emissions of 34.92 tons of chemical oxygen demand in 2022, with a permitted total of 153.78 tons[128]. - The company achieved a nitrogen oxide emission of 27.64 tons in 2022, within the permitted limit of 30.58 tons[129]. - The company has implemented noise reduction measures for high-noise equipment, ensuring compliance with noise emission standards[129]. Legal Matters - The company is involved in a lawsuit seeking RMB 169.13 million related to overdue investment payments, with hearings scheduled[158]. - The company is currently awaiting court decisions on multiple legal disputes related to construction contracts[159]. - The company has faced no delisting risk or bankruptcy reorganization issues during the reporting period[155][156]. Shareholder Information - The total number of ordinary shareholders increased from 157,342 to 171,176 during the reporting period, representing a growth of approximately 8.8%[186]. - The largest shareholder, China Aviation Engine Group, holds 1,220,558,027 shares, accounting for 45.79% of the total shares[187]. - The company has a significant number of shares under lock-up conditions, with 97,079,376 shares eligible for trading starting from September 25, 2023[189].