AsAc(SH:601890)2023-04-24 16:00Financial Performance - The company's operating revenue for 2022 was CNY 1,516,476,286.25, representing a year-on-year increase of 14.93% compared to CNY 1,319,528,496.10 in 2021[14]. - The net profit attributable to shareholders of the listed company was RMB 149,021,570.99, an increase of 22.98% compared to the previous year[72]. - The net profit for 2022 was ¥146,684,736.14, compared to ¥118,962,119.16 in 2021, indicating a growth of about 23.4%[161]. - The company achieved a net profit attributable to shareholders of 149,021,570.99 CNY for the year 2022, with a proposed cash dividend of 0.5 CNY per 10 shares, totaling 47,970,000.00 CNY (including tax) to be distributed to shareholders[33]. - The total comprehensive income for the year reflects a positive trend, contributing to the overall financial health of the company[149]. Cash Flow - The net cash flow from operating activities increased significantly by 173.21%, reaching CNY 179,741,727.54, compared to CNY 65,788,734.93 in the previous year[14]. - The net cash flow from operating activities rose by 173.21% compared to the previous year, driven by increased operating income[47]. - Net cash flow from operating activities was 130,258,437.91 RMB, a significant improvement from -26,701,886.86 RMB in the previous period[165]. - Total operating cash inflows amounted to 1,368,364,410.03 RMB, an increase from 1,107,600,172.87 RMB in the previous period[165]. - The ending balance of cash and cash equivalents was 861,838,568.92 RMB, down from 943,700,193.17 RMB at the beginning of the period[166]. Sales and Production - The sales volume of marine anchor chains and accessories reached 107,368 tons, an increase of 7,032 tons or 7.01% year-on-year, generating sales of CNY 1.099 billion[17]. - The company produced 104,574 tons of ship anchor chains in 2022, a decrease of 5.5% year-on-year, while production of mooring chains increased by 116.46% to 31,538 tons[85]. - Total sales volume for the year was 134,415 tons, an increase of 11.55% compared to the previous year[85]. - The company secured orders totaling 160,300 tons during the reporting period, including 118,400 tons for marine anchor chains and accessories and 41,900 tons for mooring chains[17]. Research and Development - The research and development expenses increased by 18.67% to CNY 78,046,595.29, compared to CNY 65,767,391.17 in 2021[14]. - Research and development expenses for 2022 were ¥57,726,970.49, up from ¥49,820,069.93 in 2021, which is an increase of approximately 15.0%[160]. Market and Industry Conditions - The company is exposed to market risks due to the cyclical nature of the shipbuilding and marine engineering industries, influenced by shipping market conditions and international oil prices[35]. - The marine oil and gas exploration industry is experiencing a recovery, with IHS projecting a 23% year-on-year increase in offshore capital expenditure for 2023[192]. - The implementation of the marine power strategy and the development of the marine economy will provide a favorable environment for the company's growth[192]. - The decline in prices of floating wind turbines and the introduction of new plans will create new opportunities for the marine economy, benefiting the company[192]. Financial Position - The company’s total assets at the end of 2022 were RMB 4,614,931,202.30, reflecting an increase of 11.55% from the previous year[65]. - The company’s net assets attributable to shareholders reached RMB 3,256,155,975.98, a growth of 3.52% year-on-year[65]. - The total liabilities increased to CNY 1,260,815,832.64 from CNY 896,714,364.74, representing a growth of approximately 40.6% year-over-year[138]. - The total equity rose to ¥3,065,245,391.08 in 2022, up from ¥2,956,936,654.94 in 2021, marking an increase of about 3.7%[158]. Risk Management - The company faced raw material price risks, particularly for steel products, and implemented cost control measures to mitigate potential adverse impacts[26]. - The company has taken measures to hedge against exchange rate fluctuations that could significantly impact performance[37]. Shareholder Information - The company plans to submit the proposed profit distribution plan for shareholder approval at the annual general meeting[33]. - The top ten shareholders include Tao Anxiang with 265,793,716 shares and a fund managed by Huatai-PineBridge with 71,832,252 shares, indicating a concentrated ownership structure[106]. Other Financial Activities - The company reported a significant change in accounting policies due to the issuance of "Interpretation No. 16" by the Ministry of Finance, affecting the tax treatment of dividends related to equity instruments[94]. - The company has not engaged in any share repurchase activities during the reporting period[110]. - The company has not reported any significant changes in accounting policies or prior period error corrections during the year[148].