SIFANG(SH:601126)2023-03-30 16:00Financial Performance - The net profit attributable to shareholders for the year ended December 31, 2022, was CNY 543,214,264.81, representing a year-on-year increase of 20.21%[3]. - The company's operating revenue for 2022 reached CNY 5.078 billion, an increase of 18.15% compared to the previous year[16]. - Basic earnings per share for 2022 were CNY 0.67, up 19.64% from CNY 0.56 in 2021[14]. - The net profit attributable to shareholders was RMB 543.21 million, reflecting a growth of 20.21% from RMB 451.89 million in the previous year[29]. - The net profit after deducting non-recurring gains and losses was RMB 529.30 million, up 29.29% from RMB 409.38 million in 2021[29]. - The net cash flow from operating activities was RMB 709.93 million, a 6.24% increase from RMB 668.21 million in 2021[29]. - Operating revenue increased to ¥5,078,494,632.06, up 18.15% from ¥4,298,217,520.75 in the same period last year[43]. - The company reported a significant increase in income tax expenses to ¥110,367,991.47, up 36.03% from ¥81,137,335.25 last year[43]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the last fiscal year, representing a growth of 20% year-over-year[148]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 6.15 per 10 shares, totaling CNY 500,100,780[3]. - The company declared a cash dividend of 406,586,000.00 RMB, which represents 89.98% of the net profit attributable to ordinary shareholders in the consolidated financial statements[198]. - The cash dividend per 10 shares is set at 5.00 RMB, including tax[198]. - The total dividend amount also accounts for 89.98% of the net profit attributable to ordinary shareholders in the consolidated financial statements[198]. Research and Development - The company has strengthened its research and development efforts, focusing on technologies related to the new power system and energy storage[19]. - The company holds 757 authorized invention patents and has participated in the formulation of 432 national and industry standards, showcasing its commitment to innovation[40]. - The company has a strong R&D team, with 865 personnel, representing over 26% of the workforce, and an average R&D investment ratio exceeding 10% for several years[51]. - Research and development expenses decreased to ¥425,254,764.06, down 4.80% from ¥446,716,568.59 year-on-year[43]. - The company invested approximately ¥438,039,907.10 in R&D, accounting for 8.63% of its revenue, with capitalized R&D representing 2.92%[80]. - Research and development investments increased by 30%, focusing on enhancing product capabilities and developing new technologies[148]. Market Expansion - The company is actively expanding its market presence, achieving breakthroughs in key provinces of the State Grid and rapid growth in the renewable energy sector[18]. - The company aims to expand its market presence internationally, with products sold in over 70 countries and regions[27]. - The company is focusing on the development of smart power distribution and energy storage solutions, leveraging new technologies such as IoT, AI, and cloud computing to enhance competitiveness[77][82]. - The company aims to capture opportunities in the green and low-carbon transformation of key industries, including steel, petrochemicals, and rail transportation, during the 14th Five-Year Plan[77]. - The company is focusing on overseas new energy markets, mining areas, and industrial parks for comprehensive power supply solutions[134]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of the next fiscal year[148]. Corporate Governance - The company has implemented measures to improve corporate governance, ensuring compliance with relevant laws and regulations[136]. - The company has established various specialized committees, including the audit committee and the strategic committee, to oversee different aspects of governance[172]. - The company has a structured approach to managing insider information and investor relations[136]. - The company has maintained continuity in its senior management, with most executives being re-elected or newly appointed[150]. - The company held a total of 7 board meetings in 2022, with all members attending each meeting[164]. Employee Engagement and Development - The company emphasizes cultural development and employee engagement through various activities to enhance its core competitiveness[21]. - The total number of employees at the parent company and major subsidiaries is 3,237, with 1,868 being technical personnel[176][178]. - The training plan for 2022 achieved a project implementation rate of 98.5%, aiming for full employee learning[182]. - The company conducted 61 external expert lectures and maintained a login rate of 99.78% for its new online learning platform[185]. - The company provides supplementary insurance for employees, including medical and accident insurance[166]. - The company emphasizes training and development, creating a comprehensive training framework for all employees[167]. Strategic Initiatives - The company aims to enhance its service quality and product differentiation to capture new market opportunities[54]. - The company is committed to becoming a leading technology enterprise by advancing its smart grid, renewable energy, and energy storage businesses[82]. - The company is actively working on optimizing resources and selecting projects based on regional advantages[134]. - The company plans to enhance its autonomous control systems and industrial control business, integrating market and R&D resources for better competitiveness[76]. - The company is exploring potential acquisitions to strengthen its position in the automation sector, with a budget of 200 million allocated for this purpose[148]. Financial Position - The total assets at the end of 2022 reached approximately RMB 8.45 billion, reflecting a growth of 14.66% from the previous year[120]. - The net assets attributable to shareholders of the listed company at the end of 2022 were approximately RMB 4.04 billion, an increase of 4.48% compared to the end of 2021[120]. - Cash and cash equivalents at the end of the period amounted to ¥2,322,630,090.24, representing 27.49% of total assets, an increase of 15.33% compared to the previous period[86]. - The company reported a significant decrease of 58.95% in notes receivable, down to ¥65,315,694.63, compared to the previous period[86]. - Long-term equity investments grew by 124.36% year-on-year, mainly due to the investment in a joint venture, Zhongneng Zhixin Technology Industry Development Co., Ltd.[95].