CHINA SATCOM(SH:601698)2023-04-27 16:00Financial Performance - In 2022, China Satellite Communications achieved a net profit attributable to shareholders of 920,731,173.80 RMB, with a total distributable profit of 2,661,509,332.58 RMB at year-end[6]. - The company's operating revenue for 2022 was approximately ¥2.73 billion, representing a year-over-year increase of 3.76% compared to ¥2.63 billion in 2021[23]. - Net profit attributable to shareholders for 2022 reached approximately ¥920.73 million, a significant increase of 60.88% from ¥572.30 million in 2021[23]. - The basic earnings per share for 2022 was ¥0.2281, reflecting a 59.40% increase compared to ¥0.1431 in 2021[24]. - The net cash flow from operating activities decreased by 35.17% to approximately ¥1.47 billion in 2022, down from ¥2.27 billion in 2021[23]. - The total assets of the company at the end of 2022 were approximately ¥22.43 billion, an increase of 17.37% from ¥19.11 billion at the end of 2021[23]. - The weighted average return on equity for 2022 was 7.13%, up from 4.85% in 2021, indicating improved profitability[24]. - The net profit after deducting non-recurring gains and losses was approximately ¥474.85 million, a decrease of 9.86% from ¥526.77 million in 2021[23]. - The company achieved an annual revenue of 2.733 billion RMB, representing a year-on-year growth of 3.76%[35]. - The net profit attributable to shareholders was 921 million RMB, reflecting a significant year-on-year growth of 60.88%[65]. - Total assets reached 22.428 billion RMB, with net assets attributable to shareholders at 15.107 billion RMB, resulting in a debt-to-asset ratio of 14.39%[65]. Dividend Distribution - The company plans to distribute a cash dividend of 0.436 RMB per 10 shares, totaling 184,183,203.96 RMB, based on a total share capital of 4,224,385,412 shares[6]. - The cash dividend accounted for 20% of the net profit attributable to ordinary shareholders in the consolidated financial statements, which was approximately 920.73 million CNY[145]. Risk Management - The company reported no significant risks that could materially affect its operations during the reporting period[9]. - The company is committed to risk prevention and control, ensuring no major risk incidents or safety accidents occurred during the reporting period[48]. Innovation and Development - The company launched the "1+3+N+1" platform, which effectively improved business capabilities and advanced digital transformation[35]. - The company established the "China Satellite Communication Innovation Research Institute" to enhance its technological capabilities and core competitiveness[38]. - The company applied for 54 intellectual property rights and led the submission of 11 industry standards, reflecting its commitment to innovation[38]. - The company successfully launched the Zhongxing 6D and Zhongxing 19 satellites, further enhancing its satellite resource capabilities[43]. - The company is committed to innovation, aiming to establish itself as a source of original technology and enhance its system integration capabilities[104]. Market Expansion - The company expanded its satellite communication services, providing support for embassies and medical teams in two new countries[39]. - The number of vessels connected to the "Hai Xing Tong" global network increased significantly, with over 100 new high-value commercial and fishing vessels added[39]. - The company is focusing on expanding its market presence and enhancing its competitive edge through strategic partnerships and resource optimization[59]. - The company plans to expand its market presence through strategic acquisitions and partnerships, aiming for a 20% increase in market share over the next fiscal year[117]. - The company reported a 30% increase in international sales, indicating successful market expansion efforts[117]. Governance and Management - The company has implemented a comprehensive governance structure to ensure high-quality development and effective decision-making processes[110]. - The company held 3 annual shareholder meetings, 11 board meetings, 5 supervisory board meetings, and 11 special committee meetings throughout the year, focusing on governance issues such as regular reports and profit distribution[111]. - The company has maintained a high attendance rate among board members, with no member missing more than two meetings[129]. - The board's strategic focus includes ongoing research into industry trends and national economic policies to guide future investments[131]. Environmental Responsibility - The company invested 710.68 million CNY in environmental protection during the reporting period, with significant contributions from the Beijing and Huailai ground stations[150]. - The company has actively engaged in ecological environment monitoring and self-inspection activities to fulfill its environmental responsibilities[153]. - The company has implemented effective carbon reduction measures, achieving a reduction of 132.35 tons of CO2 equivalent emissions during the reporting period[154]. - The company has established necessary monitoring equipment to track energy consumption and pollutant emissions regularly[153]. Employee Management - The company has implemented a talent management strategy, enhancing team capabilities through targeted training and a structured career development pathway[49]. - The company has established a comprehensive training program with 15 common training sessions, 16 professional training sessions, and 8 specialized training sessions to enhance employee capabilities[140]. - The total number of employees in the parent company is 345, while the main subsidiaries have 239 employees, resulting in a total of 584 employees[138]. Financial Governance - The company has committed to strict adherence to its promises regarding shareholding and will publicly explain any failures to fulfill these commitments[175]. - The company has pledged to compensate investors for losses incurred due to false statements or omissions in the prospectus, with a buyback price not lower than the issuance price plus interest[176]. - The company has executed new accounting standards that have not significantly impacted its financial status or operating results[187]. - The company has not reported any non-operating fund occupation or guarantee violations during the reporting period[186].