CSSD(SH:601512)2023-04-20 16:00Environmental Impact - In 2022, the company generated 1,202,938 kWh of electricity from rooftop photovoltaic facilities, reducing carbon dioxide emissions by approximately 1,199 tons[3]. - The company reported actual emissions of COD at 169.1 tons and ammonia nitrogen at 9.6 tons in 2022, well within the permitted limits[20]. - The company emphasizes the importance of ecological and cultural heritage protection in its development strategy[5]. - The company has been recognized with the 2022 China EU Chamber Carbon Neutrality Excellence Award, highlighting its commitment to environmental sustainability[134]. Social Responsibility - The total investment in social responsibility projects amounted to 732,400 CNY, benefiting approximately 1,300 individuals through various initiatives[4]. - The company allocated 1,200,000 CNY for dividends to farmers in the Chuangxin Haiyu Garden project, directly benefiting around 600 individuals[6]. - The company established the Chuangxin Haiyu New Urbanization Development Fund with an investment of 600,000 CNY to support local education and healthcare initiatives[8]. - The company has successfully engaged local villagers in project development, providing them with fixed land rental income and project dividends[8]. Financial Performance - The company’s total net profit for the year was RMB 1.61 billion, which is the basis for the dividend distribution[39]. - Basic earnings per share for 2022 increased to RMB 1.07, reflecting a 4.90% growth compared to RMB 1.02 in 2021[49]. - The weighted average return on equity for 2022 was 12.61%, a slight decrease of 0.50% from 13.11% in 2021[49]. - Non-recurring gains and losses for 2022 totaled approximately RMB 133.72 million, significantly higher than RMB 44.83 million in 2021[52]. - The company reported a decrease in the basic earnings per share after deducting non-recurring gains and losses to RMB 0.98, down 1.01% from RMB 0.99 in 2021[49]. - The company received government subsidies amounting to RMB 84.21 million in 2022, compared to RMB 79.26 million in 2021[52]. Investment and Development - In 2022, the company successfully attracted over CNY 10 billion in new registered foreign and domestic investment, including USD 1.2 billion in registered foreign capital[73]. - The company introduced nearly 100 new projects, including 68 technology projects, demonstrating a strong focus on innovation and development[73]. - A total investment of CNY 2.7 billion was completed for the expansion of the high-end display module project by Huaxing Optoelectronics[73]. - The company is currently managing 66 public-funded projects within the park, with a total investment of approximately CNY 6.5 billion[74]. - The company has attracted over 290 industrial projects with a total investment exceeding CNY 85 billion in the Suzhou-Chuzhou High-tech Industrial Development Zone as of December 31, 2022[78]. - The company has cumulatively invested in 38 funds with a total commitment of CNY 3.5 billion, which facilitated nearly CNY 47 billion in total investments across various parks[84]. Revenue and Cash Flow - In 2022, the company achieved a revenue of approximately CNY 4.74 billion, representing a year-over-year increase of 21.05% compared to CNY 3.92 billion in 2021[85]. - The net profit attributable to shareholders was approximately CNY 1.61 billion, reflecting a growth of 5.65% from CNY 1.52 billion in the previous year[85]. - The net cash flow from operating activities surged by 211.37%, reaching approximately CNY 1.16 billion, compared to CNY 373.73 million in 2021[85]. Operational Metrics - The company has a total of 1.1 million square meters of standard and custom-built factory space in operation, with an overall occupancy rate of about 95%[139]. - The rental rate for industrial carriers in the Suzhou Industrial Park is approximately 95%, with a comprehensive rental rate exceeding 90%[126]. - The occupancy rate of the newly launched industrial parks has reached approximately 70% within a year[128]. - The company has added nearly 600,000 square meters of new construction area in 2022, covering key cities in the Yangtze River Delta and achieving full coverage of the Hu-Ning industrial innovation belt[126]. Strategic Initiatives - The company has developed a strategic layout focusing on Suzhou, the Yangtze River Delta, and key cities nationwide, with over 250 square kilometers of integrated urban-rural projects developed since 2009[112]. - The company has established a new platform for green low-carbon development in the Anhui Shucheng Economic Development Zone, focusing on distributed energy and industrial wastewater treatment projects[108]. - The company has introduced various policies to attract talent, including housing support for teachers, contributing to the improvement of urban functions[78]. - The company has established two industry investment funds with a total scale of 500 million RMB, targeting high-quality technology projects in the Suzhou Industrial Park and "going out" projects[117]. Challenges and Risks - The gross profit margin in the park development sector has decreased due to higher development costs compared to the previous year[153]. - The company reported a 90.92% decrease in taxes and surcharges, primarily due to the completion of tax settlements for pre-IPO property sales projects[166]. - The accounts receivable increased by 87.51% compared to the end of the previous year, mainly due to the recognition of accounts receivable from the Jiashan project[185]. - The company’s financial expenses increased by 277.86%, primarily due to an increase in borrowings[165].