FORTUNE(SH:603173)2023-04-19 16:00Financial Performance - The company's operating revenue for 2022 was CNY 1,886,006,135.87, representing a 30.37% increase compared to CNY 1,446,685,202.96 in 2021[23]. - The net profit attributable to shareholders decreased by 11.38% to CNY 141,938,546.17 from CNY 160,169,355.36 in the previous year[23]. - The basic earnings per share for 2022 was CNY 1.18, down 11.28% from CNY 1.33 in 2021[25]. - The total assets increased by 43.36% to CNY 2,908,276,712.48 at the end of 2022, compared to CNY 2,028,642,060.36 at the end of 2021[24]. - The cash flow from operating activities was CNY 20,977,601.26, a slight decrease of 1.31% from CNY 21,256,553.73 in 2021[23]. - The company reported a weighted average return on equity of 25.52% for 2022, down from 38.31% in 2021, a decrease of 12.79 percentage points[25]. - The net profit for the fourth quarter of 2022 was CNY 29,990,302.73, with a total revenue of CNY 614,464,889.33[27]. - The company recorded non-operating income of CNY 8,621,965.05 from government subsidies in 2022[29]. - The net assets attributable to shareholders increased by 24.85% to CNY 623,029,997.08 at the end of 2022, compared to CNY 499,034,634.06 at the end of 2021[24]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.14 per share (including tax), totaling RMB 22.4 million based on a total share capital of 160 million shares as of March 31, 2023[6]. - The total cash dividend amount for the year was ¥22,400,000, representing 15.78% of the net profit attributable to ordinary shareholders[127]. - The company plans to distribute cash dividends of at least 10% of the annual distributable profits, with a minimum cash dividend ratio of 80% for mature stages without major capital expenditures[122]. - The company’s cash dividend policy allows for cash or stock distributions, prioritizing cash dividends when conditions are met[121]. - The company’s cash dividend policy varies based on its development stage, with a minimum cash dividend proportion of 80% for mature stages without major capital expenditures[156]. Audit and Governance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[5]. - The board of directors has confirmed that all members attended the board meeting, ensuring the authenticity and completeness of the annual report[4]. - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by the responsible persons[5]. - The company has not faced any risks that would prevent the majority of directors from guaranteeing the authenticity of the annual report[9]. - The company established four specialized committees under the board: strategic decision-making, audit, nomination, and compensation, which actively reviewed matters in their respective fields to promote sustainable development in 2022[88]. - Independent directors maintained full independence and diligently performed their duties, contributing positively to the company's governance and protecting shareholder interests[88]. - The company held three supervisory board meetings during the reporting period, ensuring compliance with legal regulations and effectively supervising the board's performance and major financial decisions[89]. Research and Development - The company continues to focus on R&D investment and brand building to strengthen its market position and talent development[35]. - The company maintained a research and development team of 166 personnel, with a focus on enhancing technological capabilities and innovation[45]. - The company holds a total of 71 patents, including 11 invention patents and 60 utility model patents, with 9 new utility model patents added in 2022[45]. - The company reported a significant increase in research and development expenses, totaling CNY 90,167,586.05, up 23.60% from the previous year[51]. - Research and development expenses amounted to CNY 90,167,586.05, representing 4.78% of total operating revenue, with a year-over-year increase of 23.60%[64][66]. Market and Customer Relations - The total signed contracts for the year amounted to approximately 3,775 million RMB, including a large-scale gas liquefaction unit with a processing capacity of 2 million Nm3 and a large nitrogen generation unit with a total nitrogen output of 220,000 Nm3/h[36]. - The company’s orders in 2022 were primarily sourced from existing customers, with over half of the orders coming from repeat clients, indicating strong customer loyalty and a broad industry distribution[36]. - The company aims to enhance its domestic business by focusing on high-quality project implementation and sales strategies[80]. - The company aims to maintain its advantages in overseas markets while actively exploring new markets and channels, with a strategic focus on high-end clients[80]. Risk Management - The report outlines potential risks that the company may face in future developments[9]. - The company faces risks from macroeconomic conditions, industry competition, and project execution uncertainties that could impact order acquisition and operational performance[81][82]. - The company will continue to adjust its five-year development plan based on industry trends and external economic conditions to ensure steady progress towards its goals[78]. - The company has committed to ensuring compliance with social insurance and housing fund regulations, with penalties to be borne by responsible individuals[146]. Environmental and Social Responsibility - The company invested approximately 758,900 RMB in environmental protection during the reporting period[132]. - The company has established an ISO14001 environmental management system to ensure compliance with environmental regulations and standards[138]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[133]. - The company actively participates in social responsibility initiatives and public welfare activities[138]. Shareholder and Capital Management - The company has committed to full compensation for any economic losses arising from non-compliance with business contracts prior to its initial public offering[148]. - The company plans to repurchase shares to stabilize stock prices, with a minimum single repurchase amount of RMB 5 million and a maximum of 2% of the total share capital[149]. - The company has established a fundraising management system to ensure the proper and efficient use of raised funds[150]. - The controlling shareholder's single investment in stock buybacks will not exceed 2% of the total share capital and must comply with relevant laws and regulations[150]. - The company will ensure that the shareholding structure remains compliant with listing requirements after any buyback or increase in shareholding by the controlling shareholder[150].