Sinoma-int(SH:600970)2023-03-21 16:00Financial Performance - The company achieved operating revenue of 38.81 billion RMB in 2022, representing a year-on-year growth of 6.25%[29]. - The net profit attributable to shareholders was 2.19 billion RMB, an increase of 21.06% compared to the previous year[29]. - The basic earnings per share increased to 0.98 RMB, reflecting a growth of 19.51% from 0.82 RMB in 2021[21]. - The total signed contracts for the year amounted to 51.51 billion RMB, with a slight increase of 0.5% year-on-year[29]. - The company reported a total asset value of 437.86 billion RMB at the end of 2022, up 4.72% from the previous year[29]. - The net cash flow from operating activities was 917.59 million RMB, a decrease of 57.52% compared to the previous year[29]. - The weighted average return on equity increased to 15.81%, up 1.91 percentage points from 13.90% in 2021[22]. - The company achieved a total revenue of RMB 3,881,925.37 million, representing a 6.25% increase compared to the previous year[60]. - The total operating revenue for 2022 was 3,856,598.14 million CNY, an increase of 6.41% compared to the previous year[63]. - The gross profit margin decreased to 16.82%, down by 0.32 percentage points year-on-year[63]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares (including tax), totaling approximately 789.75 million RMB based on a total share capital of 2,632,510,170 shares[5]. - The total cash dividend amount distributed was ¥78,975.31 million, which also represents 36% of the net profit attributable to ordinary shareholders in the consolidated financial statements[181]. - The cash dividend payout ratio was 36% of the net profit attributable to ordinary shareholders, which was ¥219,406.55 million[181]. - The company has established a cash dividend policy to protect the rights of minority investors, with no adjustments made during the reporting period[178]. - The company’s future three-year shareholder return plan (2021-2023) aims to ensure a stable and sustainable dividend decision-making mechanism[178]. Governance and Compliance - The company has established a comprehensive governance structure, ensuring compliance with laws and regulations, and protecting minority shareholders' rights[130]. - The board of directors consists of 9 members, including 3 independent directors, ensuring a balanced and professional governance framework[132]. - The company has conducted over 70 investor communication activities and received an A-level rating for information disclosure for four consecutive years[133]. - The company is committed to ESG performance and has been recognized in various indices for its efforts in sustainable development and corporate social responsibility[133]. - The internal control and compliance management system has been further improved, focusing on key areas and personnel to strengthen compliance management[134]. Risk Management - The company faces macroeconomic risks, including high costs, high interest rates, and low growth rates, which may impact its performance[126]. - The company is exposed to foreign exchange risks due to contracts primarily settled in USD and EUR, and is implementing measures to mitigate these risks[128]. - The company is focused on risk management and has strengthened its risk warning system to enhance risk prevention capabilities[134]. - The company aims to improve its risk prevention strategies and has established a special report for major risk management[167]. Research and Development - R&D expenses increased to CNY 1.36 billion, a growth of 15.19%, with 230 invention patents applied for and 112 granted[35]. - The company has established five national-level innovation platforms and 12 provincial-level innovation platforms to support its technological advancements[51]. - The company is investing 500 million RMB in R&D for new technologies aimed at enhancing production efficiency and sustainability[146]. - The company has 1,865 valid patents, including 402 invention patents and 5 international patents, covering the entire process of cement manufacturing[51]. Market Expansion and Strategy - The company is actively expanding into green energy, environmental protection, and diversified engineering sectors, particularly in Southeast Asia, the Middle East, and Africa[43]. - The company is implementing a solid waste resource utilization business model based on investment, engineering, and operation[46]. - The company aims to achieve a balanced development across engineering, equipment, and services by the end of the 14th Five-Year Plan[115]. - The core business strategy focuses on engineering technology services, emphasizing innovation and green solutions to enhance market position and profitability[116]. Acquisitions and Investments - The company completed the acquisition of 100% of Smart Industry, enhancing its global operation and maintenance service layout[31]. - The company approved the acquisition of 100% equity in China National Building Material Smart Industrial Technology Co., Ltd. as part of its strategic expansion[171]. - The company made equity investments totaling RMB 73,775.07 million during the reporting period, a decrease of 80.99% compared to the previous year due to significant acquisitions in 2021[102]. Employee and Management Compensation - The total compensation for president Yin Zhismong was 256.92 million yuan[141]. - The total compensation for vice president Sui Tongbo was 203.28 million yuan[143]. - The total compensation for vice president Wang Yuan was 193.84 million yuan[143]. - The total compensation for vice president He Xiaolong was 225.33 million yuan[143]. - The total compensation for the entire management team amounted to 1,981.62 million yuan[143]. Environmental and Social Responsibility - The company invested 140 million yuan in environmental protection during the reporting period[197]. - The company received an administrative penalty of 343,000 yuan due to an environmental incident involving a fire at a subsidiary on January 28, 2022[199]. - The company has established a comprehensive environmental monitoring plan for its key pollutant discharge units, ensuring compliance with legal regulations[200].