SCMC(SH:600984)2023-06-29 16:00Financial Performance - The net profit attributable to shareholders for 2022 was -44,691,332.77 RMB, a decrease of 111.93% compared to the previous year[4]. - Operating revenue for 2022 was 3,887,667,784.22 RMB, down 17.71% from 4,724,616,257.82 RMB in 2021[24]. - The net profit attributable to shareholders of the parent company was -44.69 million yuan, representing a year-on-year decline of 111.93%[32]. - The basic and diluted earnings per share for 2022 were -0.0356 yuan, a decrease of 109.19% from 0.3874 yuan in 2021[25]. - The weighted average return on net assets was -0.73%, down 6.97 percentage points from 6.24% in 2021[25]. - The company achieved total operating revenue of 3,887.67 million yuan in 2022, a decrease of 17.71% compared to 2021[32]. - In 2022, the company achieved a main business revenue of CNY 3.87 billion, a decrease of 17.75% compared to the previous year[51]. - The leasing business revenue for the year was CNY 3.65 billion, down 19.27% year-on-year, with construction product leasing revenue decreasing by 17.97% to CNY 3.53 billion[51]. Cash Flow and Assets - The net cash flow from operating activities increased significantly to 264,649,471.97 RMB, a rise of 1,002.85% compared to 23,996,850.07 RMB in 2021[24]. - Total assets at the end of 2022 were 17,991,636,117.22 RMB, reflecting a 2.21% increase from 17,602,567,240.94 RMB in 2021[24]. - The asset-liability ratio at year-end was 66.60%[4]. - The net assets attributable to shareholders decreased by 1.44% to 6,008,761,750.90 RMB from 6,096,678,060.54 RMB in 2021[24]. - The company completed a net cash flow from operating activities of 466.61 million yuan in the fourth quarter of 2022[26]. Market Position and Strategy - The company maintained the world's leading position in tower crane tonnage and ranked 18th in the "Top 100 Global Rental Companies" by KHL[33]. - The company signed annual strategic agreements with over ten large state-owned enterprises in 2022, enhancing its market presence[33]. - The company focused on improving accounts receivable recovery, achieving significant reductions in long-standing receivables[33]. - The company continued to expand its tower crane export business, particularly in the central and southwestern regions of China[34]. - The company anticipates a gradual recovery in the engineering machinery industry in 2023, supported by favorable macroeconomic policies and a stabilizing real estate market[37]. - The company aims to enhance its core competitive advantages by integrating manufacturing, rental services, and remanufacturing into a circular industrial chain[97]. Risks and Challenges - The company faced significant challenges in 2022, leading to a substantial decline in net profit and revenue[4]. - The domestic engineering machinery industry saw a decline in key metrics, with revenue, total profit, and product sales down by 11.5%, 36%, and 8.13% respectively compared to 2021[36]. - The Producer Price Index (PPI) for the domestic engineering machinery industry increased by 10.3% year-on-year in 2022, indicating ongoing pressure from rising raw material costs[36]. - The company faces risks from macroeconomic fluctuations that could impact demand for construction machinery rentals[100]. - Increased competition in the construction machinery rental market may lead to declining profit margins, necessitating strategic adjustments[100]. Governance and Compliance - The company has revised its governance documents to enhance investor relations and ensure compliance with relevant laws and regulations[105]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, with no interference in decision-making[109]. - The company has established a comprehensive information disclosure management system to ensure timely and accurate communication with shareholders[107]. - The board of directors operates independently, with all members fulfilling their responsibilities and adhering to legal obligations[106]. - The company has developed a risk disposal plan for financial operations conducted with related parties[105]. Environmental Responsibility - The company invested 3.2303 million yuan in environmental protection during the reporting period[150]. - The company generates 80 tons of domestic sewage per day, treated by its own sewage treatment station with a capacity of 150 tons per day[152]. - The company has established various pollution control facilities, including an organic waste gas purification system and a sewage treatment system, all operating normally[154]. - The company conducted 12 wastewater monitoring sessions and 4 noise monitoring sessions in 2022, ensuring compliance with environmental standards[157]. - The company aims for over 85% efficiency in pollution treatment measures, meeting national discharge standards[162]. Human Resources and Talent Development - The company employed a total of 4,163 staff, with 835 in the parent company and 3,328 in major subsidiaries[132]. - The workforce includes 2,794 production personnel, 90 sales personnel, and 285 technical personnel[132]. - The company has established an annual training plan to enhance employee skills and knowledge, aligning with its development goals[134]. - The company has implemented a fair and competitive salary policy linked to performance, ensuring employees share in the company's profits[133]. Future Outlook - The management indicated a positive outlook for future performance, expecting continued revenue growth driven by market expansion[112]. - The company is committed to enhancing its technological capabilities through ongoing research and development initiatives[112]. - The company plans to continue expanding its market presence and invest in new product development to enhance competitiveness[112].