LEHUI International(SH:603076)2023-05-10 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 achieved operating revenue of 1,204.20 million RMB, a year-on-year increase of 21.71%, with overseas revenue accounting for 53.62% of total revenue [33]. - The net profit attributable to shareholders was 21.89 million RMB, a decrease of 52.66% compared to the previous year [33]. - The equipment segment generated a net profit of 69.60 million RMB, up 6.96% year-on-year, despite increased R&D investment and foreign exchange losses [33]. - The total profit for the reporting period was CNY 555.80 million, with a net profit attributable to shareholders of CNY 21.90 million [52]. - 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]. 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 52,053,637.86, indicating a commitment to innovation [53]. - The company’s total capitalized R&D investment was 3,828,696.59 CNY, with capitalized R&D accounting for 6.85% of total R&D expenditures [63]. - The number of R&D personnel is 138, accounting for 11.20% of the total workforce [64]. Market Presence and Strategy - The company operates in the equipment sector, focusing on beer brewing and packaging equipment, beverage pre-treatment and packaging machinery, and dairy packaging machinery [12]. - The company has subsidiaries in various countries, including Mexico, India, Brazil, and several locations in China, indicating a broad market presence [12]. - The company aims to strengthen its position in the brewing equipment sector while expanding into high-end liquid packaging equipment for white spirits and beverages, enhancing brand influence and market share [79]. - In 2023, the company plans to continue its dual main business strategy, focusing on the brewing equipment sector and expanding into more overseas markets, particularly in South America, Africa, and Asia [82]. - The company is expanding into non-beer equipment sectors, leveraging over 30 years of experience in high-end sanitary stainless steel container manufacturing [84]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Zhonghua Certified Public Accountants [5]. - 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 no rejected proposals [104][105]. - The company has maintained continuous R&D investment but faces risks if tax incentives for high-tech enterprises change, which could adversely affect profitability [95]. - The company has not faced any significant environmental penalties during the reporting period, aside from a minor administrative penalty [136]. Risks and Challenges - The company has outlined potential risks in its management discussion and analysis section, which investors should review [8]. - The company faces investment risks in the craft beer sector due to market uncertainties and potential management risks from its global expansion efforts [91][92]. - The construction of urban brewery projects involves multiple stakeholders and external factors, leading to uncertainties that may delay project execution [98]. - The company emphasizes safety production and has established a comprehensive safety management system, but risks remain due to increased production scale and factory numbers [97]. Shareholder Information - The company plans to distribute a cash dividend of 0.80 CNY per 10 shares, totaling 9,656,107.52 CNY, based on a total share capital of 120,701,344 shares [6]. - 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 shares held by the board members at the end of the reporting period is 25,641,183 shares, unchanged from the beginning of the year [107]. - The top 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]. Environmental Responsibility - The company has established environmental protection mechanisms and complies with environmental management systems [135]. - The company does not belong to key pollutant discharge units but adheres to pollution prevention and environmental protection throughout its operations [137]. - The company invested RMB 4.079 million in environmental protection during the reporting period [133]. - The company has completed emergency response plans for environmental incidents at multiple facilities [140].