LEHUI International(SH:603076)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 was CNY 1,204,203,817.02, an increase of 21.71% compared to CNY 989,369,934.10 in 2021 [21]. - The net profit attributable to shareholders decreased by 52.66% to CNY 21,894,749.63 from CNY 46,254,656.23 in the previous year [21]. - The basic earnings per share dropped by 60.00% to CNY 0.18, down from CNY 0.45 in 2021 [22]. - The company reported a net cash outflow from operating activities of CNY 185,389,735.17, an improvement of 26.71% compared to CNY 252,701,140.11 in 2021 [21]. - The company's total assets increased by 20.09% to CNY 3,360,383,570.38 from CNY 2,798,130,689.07 in 2021 [21]. - The total profit for the period was CNY 555.80 million, with a net profit attributable to shareholders of CNY 21.90 million [52]. - The company achieved operating revenue of RMB 1,204.20 million in 2022, a year-on-year increase of 21.71%, with overseas sales accounting for 53.62% of total revenue at RMB 645.70 million [32]. - The equipment segment generated a net profit of RMB 69.60 million, up 6.96% year-on-year, despite the impact of increased R&D spending of RMB 13.75 million and foreign exchange losses of RMB 10.77 million [32]. Research and Development - Research and development expenses for 2022 totaled CNY 52,053,600, an increase of CNY 13,754,900 compared to 2021 [23]. - The company increased its R&D expenses by 35.92% to CNY 52.05 million, reflecting a commitment to innovation [53]. - The number of R&D personnel is 138, accounting for 11.20% of the total workforce [64]. Corporate Governance - The company has received a standard unqualified audit report from Zhonghua Certified Public Accountants [5]. - The company has maintained a consistent governance structure with all board members present at the board meeting [4]. - The company has not reported any instances of more than half of the directors being unable to ensure the authenticity, accuracy, and completeness of the annual report [8]. - The company strictly adheres to corporate governance regulations and has established specialized committees to enhance decision-making efficiency [101]. - The company held three shareholder meetings during the reporting period, with all proposed resolutions being approved without any rejections [105]. Market Expansion and Strategy - The company plans to start construction of a new 20,000-ton capacity plant in Wuhan in March 2023, further expanding its craft beer production capabilities [35]. - The company is actively developing new business models, including 36 new taverns and 40 new liquor stations in 2022, enhancing its market presence [35]. - The company aims to leverage its technological advantages in liquid food equipment to enhance its market position and expand its product offerings [47]. - The company is set to optimize its design processes and improve delivery quality by enhancing project management and standardization efforts [85]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [200]. Financial Management - The company has engaged in cash asset management, with a total entrusted amount of 5,000,000 RMB, yielding an annualized return rate of 2.92% [162]. - The company has invested 10,000,000 RMB in bank wealth management products sourced from non-public fundraising, with no overdue amounts [163]. - The company has also invested 14,000,000 RMB in broker products sourced from non-public fundraising, with no overdue amounts [163]. Environmental Responsibility - The company invested RMB 4.079 million in environmental protection during the reporting period [133]. - The company has established environmental protection mechanisms and complies with national environmental laws and regulations [137]. - The company has completed emergency response plans for environmental incidents at multiple facilities, with the latest being registered in October 2022 [140]. - The company’s pollution control facilities, including wastewater treatment stations and VOCs treatment devices, are operating normally [138]. Risks and Challenges - The company faces investment risks in the craft beer sector due to market uncertainties, despite the potential for rapid growth [91]. - The company is addressing the risk of rising raw material costs through proactive measures, including sufficient material reserves and renegotiating project costs [93]. - The company has implemented forward exchange rate hedging to mitigate currency risk, but significant fluctuations in exchange rates could still impact profitability [96]. - The company is expanding its production capacity, which increases the pressure on safety production management, posing risks of serious safety and environmental incidents [97]. Shareholder Information - The proposed cash dividend distribution is RMB 0.8 per 10 shares, totaling RMB 9,656,107.52, which represents 44.10% of the annual net profit attributable to shareholders [129]. - The total number of ordinary shareholders as of the end of the reporting period is 10,376, an increase from 8,658 at the end of the previous month [169]. - The largest shareholder, Ningbo Lehui Investment Holdings, holds 22,257,000 shares, representing 18.44% of total shares, with a decrease of 1,200,000 shares during the reporting period [172]. Compliance and Legal Matters - The company has not faced any penalties from regulatory bodies in the past three years, indicating compliance with industry regulations [114]. - The company has ongoing significant litigation matters, including an arbitration case initiated in April 2022 against NSM Max for compensation due to breach of contract, with the arbitration court's decision expected to impact the company's financials [153]. - The company has not faced any non-compliance issues or significant penalties during the reporting period [157].