CHINT ELECTRICS(SH:601877)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was CNY 45,974,331,286.72, representing a 17.78% increase compared to CNY 39,032,520,606.97 in 2021[19]. - The net profit attributable to shareholders for 2022 was CNY 4,023,263,180.80, a 19.47% increase from CNY 3,367,600,308.57 in the previous year[19]. - The net cash flow from operating activities decreased by 28.44% to CNY 5,096,451,129.59 from CNY 7,121,994,155.22 in 2021[19]. - The total assets of the company at the end of 2022 were CNY 104,334,421,755.48, a 20.72% increase from CNY 86,426,036,562.29 in 2021[19]. - The basic earnings per share for 2022 was CNY 1.89, up 20.38% from CNY 1.57 in 2021[21]. - The weighted average return on net assets for 2022 was 11.95%, an increase of 1.15 percentage points from 10.80% in 2021[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 3,336,120,498.52, a decrease of 2.37% compared to CNY 3,417,070,320.80 in 2021[19]. - The company achieved operating revenue of RMB 45.974 billion in 2022, representing a year-on-year growth of 17.78%[32]. - The net profit attributable to shareholders was RMB 3.993 billion, with a year-on-year increase of 0.66%[32]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 4 RMB per 10 shares to all shareholders, pending approval at the 2022 annual general meeting[4]. - The total cash dividend amount (including tax) is RMB 1,256,083,715.89, accounting for 31.22% of the net profit attributable to ordinary shareholders in the consolidated financial statements[180]. - The net profit attributable to ordinary shareholders in the consolidated financial statements is RMB 4,023,263,180.80, with a ratio of 21.15% for the cash dividend[180]. - The cash dividend amount (including tax) is RMB 851,065,790.40, with an additional RMB 405,017,925.49 accounted for share repurchase[180]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm, ensuring the accuracy and completeness of the financial report[3]. - The board of directors has confirmed that all members attended the board meeting, ensuring governance compliance[3]. - The report indicates that there are no violations of decision-making procedures for external guarantees[5]. - The company has not faced any issues with a majority of directors being unable to guarantee the authenticity of the annual report[5]. - The annual report is available for public inspection, including all documents disclosed in major financial newspapers[8]. - The company has effectively implemented internal control measures over its subsidiaries, with no significant deficiencies reported during the reporting period[182]. - The internal control audit report issued a standard unqualified opinion, indicating effective internal control systems[182]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements related to future operational plans and development strategies[5]. - The company faces risks from international market fluctuations, including geopolitical uncertainties and the push for localized manufacturing in Europe and the U.S.[145]. - The company is addressing market competition risks by investing in technology innovation and product iteration to enhance competitiveness against international leaders[146]. - The company is taking measures to mitigate the impact of raw material price fluctuations on its cost structure and profitability[147]. - The company is expanding its overseas sales while managing foreign exchange risks through appropriate financial instruments[147]. Strategic Initiatives and Market Expansion - The company implemented 12 strategic initiatives in the smart electrical sector to stabilize its market position and enhance market share[32]. - The company aims to enhance its brand influence and market share in the energy storage inverter business[32]. - The company is actively pursuing market expansion and potential mergers and acquisitions to strengthen its competitive edge[1]. - The company plans to deepen channel value and extend brand strategy to improve operational efficiency and support sales performance across various business segments[142]. - The company is focusing on strategic investments in new technologies and industries to extend its value chain[103]. Research and Development - The total R&D expenditure for the period amounted to ¥1,136,421,266, representing 2.47% of total revenue[78]. - The number of R&D personnel is 1,869, accounting for 5.8% of the total workforce[79]. - The company filed 933 domestic patents and obtained 720 authorizations, including 225 invention patents, enhancing its technological capabilities[42]. - The company has developed and validated new material processes for products such as NXB-40 and NXB-63, ensuring optimal manufacturing processes[45]. - The company is investing 100 million RMB in R&D for new technologies in renewable energy solutions[158]. Environmental Responsibility - The company invested RMB 1,232.42 million in environmental protection during the reporting period[183]. - The company has established mechanisms for environmental protection and is classified as a key pollutant discharge unit by the Zhejiang Provincial Environmental Protection Department[183]. - The company has achieved compliance with environmental discharge standards for wastewater and waste gas, with all monitored pollutants meeting regulatory requirements[186][190]. - The company has no recorded environmental pollution incidents during the reporting period[197]. - The company has implemented environmental monitoring, with all wastewater, waste gas, and noise emissions meeting relevant standards[197]. Corporate Governance - The company held 4 shareholder meetings and 10 board meetings during the reporting period, ensuring compliance with governance regulations[149][150]. - The company appointed a new president, Zhang Zhihuan, on January 10, 2023, following the resignation of Nan Cunhui from the president position[155]. - The total remuneration for directors, supervisors, and senior management in 2022 amounted to CNY 28.6304 million[161]. - The company’s senior management remuneration structure includes a basic salary and performance-based incentives, evaluated based on annual performance metrics[161]. - The company has made amendments to its governance rules, enhancing operational efficiency and compliance[153].