CTC(SH:603060)2023-04-26 16:00Financial Performance - The company reported a net profit of RMB 161,334,615.51 for the year 2022, with a distributable profit of RMB 256,935,944.76 as of the end of 2022[4]. - The company achieved total operating revenue of CNY 2,427,578,703.65, representing a year-on-year increase of 9.5%[22]. - The net profit attributable to shareholders was CNY 252,949,461.30, showing a slight increase of 0.09% compared to the previous year[22]. - The basic earnings per share decreased to CNY 0.3485, down 0.11% from the previous year[23]. - The weighted average return on equity was 15.20%, a decrease of 1.95 percentage points year-on-year[23]. - The company reported a decrease in operating profit to CNY 34,818,240, down 10.61% year-on-year[32]. - The cash flow from operating activities was CNY 276,319,938.50, a decrease of 28.83% compared to the previous year[22]. - The total assets at the end of 2022 were CNY 4,392,647,158.20, an increase of 14.80% from the previous year[22]. - The operating cost increased to CNY 1,345,321,631.17, reflecting a 9.48% rise from CNY 1,228,857,573.63 year-on-year[61]. - The financial expenses surged by 164.06% to CNY 36,721,900.52, compared to CNY 13,906,622.57 in the previous year, primarily due to increased external borrowing[61]. Profit Distribution - The proposed profit distribution plan includes a stock dividend of 1 share for every 10 shares held and a cash dividend of RMB 1.22 per share (tax included)[4]. - The company plans to distribute a cash dividend of 1.26 RMB per share, totaling approximately 76.06 million RMB, which represents 30.1% of the net profit attributable to ordinary shareholders[145]. - The company achieved a net profit of approximately 252.95 million RMB, with total dividends amounting to 161.98 million RMB, representing 64.04% of the net profit[148]. Business Expansion and Investments - The company completed the acquisition of 51% equity in Yunnan Yunce and 49% minority equity in Zhejiang and Hunan Huake, with total equity investment amounting to CNY 197,819,200[33]. - The company signed contracts exceeding CNY 100 million with large steel enterprises and approximately CNY 50 million with large cement enterprises in the smart manufacturing sector[49]. - The company has established 16 national-level and 18 industry-level testing centers, enhancing its brand influence and credibility in the inspection industry[56]. - The company completed the acquisition of 49.0177% equity in China Building Materials Inspection and Certification Group Zhejiang Co., Ltd., making it a wholly-owned subsidiary[185]. - The company established a joint venture with China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd., with a registered capital of 1,000 million RMB, in which the company holds a 51% stake[184]. Research and Development - Research and development expenses rose by 12.69% to CNY 206,304,630.17, up from CNY 183,068,576.27 in the previous year[61]. - The company is investing heavily in R&D, with a budget allocation of 150 million for new technologies and product development[121]. - The company is committed to increasing R&D investment to maintain technological advantages in materials testing, smart manufacturing, and green carbon reduction initiatives[104]. - The company has a talent pool of over 500 backup personnel and trained nearly 700 individuals in core positions through various development programs[37]. Risk Management - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors, highlighting investment risks[6]. - The company has detailed potential risks in the "Management Discussion and Analysis" section of the report[7]. - The company acknowledges risks associated with mergers and acquisitions, including selection and post-merger integration challenges[110]. - The company is facing risks related to credibility, which could impact business expansion and performance if damaged[107]. - The slowdown in macroeconomic growth and real estate regulations may reduce demand for inspection and certification services in the construction industry[108]. Corporate Governance - The company has not reported any instances of more than half of the directors being unable to guarantee the authenticity, accuracy, and completeness of the annual report[7]. - The company adheres to regulatory requirements and has established a robust corporate governance structure to protect investor interests[115]. - The company has maintained compliance with regulatory requirements, with no penalties from securities regulatory agencies in the past three years[129]. - The company’s governance structure includes a clear process for approving executive compensation, ensuring transparency and accountability[127]. Environmental and Social Responsibility - The company invested 4.7382 million yuan in environmental protection during the reporting period[161]. - The company has committed to reducing carbon emissions and has implemented measures to achieve this goal[164]. - The company has been providing low-carbon development consulting and auditing services for over ten years, leveraging its technical advantages in the field[165]. - The company actively engages in community support, assisting vulnerable groups such as low-income families and children[168]. Shareholder Engagement - The chairman, Ma Zhenzhu, increased his shareholding from 100,000 to 357,607 shares, a change of 257,607 shares due to self-purchase, equity distribution, and stock option exercise[118]. - The total number of shares held by the company’s executives at the end of the reporting period was 978,049 shares, with a net increase of 787,194 shares during the year[120]. - The company’s strategy includes equity distribution and stock option exercises to incentivize management and align their interests with shareholders[118]. - The increase in shareholding among executives suggests a positive outlook on the company’s future performance and growth potential[120]. Audit and Compliance - The company has received a standard unqualified audit report from Zhongxinghua Accounting Firm[4]. - The company has not encountered any violations regarding guarantees during the reporting period[175]. - The company has not made any changes to accounting policies or estimates that would impact the financial statements[175]. - The company has ensured that there are no false records or misleading statements in the documents submitted for the issuance of convertible bonds[174].