HOP(SH:603319)2023-03-15 16:00Financial Performance - The company's operating revenue for 2022 was RMB 1,624,399,929.33, representing a slight increase of 0.15% compared to RMB 1,621,971,555.99 in 2021[23]. - The net profit attributable to shareholders of the listed company decreased by 11.10% to RMB 169,586,790.58 from RMB 190,750,857.60 in the previous year[23]. - The basic earnings per share for 2022 was RMB 0.82, down 10.87% from RMB 0.92 in 2021[24]. - The total assets of the company increased by 5.45% to RMB 2,767,068,964.39 at the end of 2022, compared to RMB 2,624,052,498.08 at the end of 2021[23]. - The company's net assets attributable to shareholders rose by 7.88% to RMB 1,559,936,056.67 from RMB 1,445,958,898.09 in 2021[23]. - The cash flow from operating activities was RMB 138,061,133.75, a decrease of 2.41% from RMB 141,468,063.93 in the previous year[23]. - The weighted average return on net assets decreased to 11.33% in 2022 from 13.91% in 2021, a decline of 2.58 percentage points[24]. - Non-recurring gains and losses for 2022 totaled ¥11,659,865.54, significantly lower than the previous year's amount[30]. - The net profit attributable to shareholders for Q4 2022 was ¥64,105,006.86, showing a significant increase compared to previous quarters[27]. Business Operations - In 2022, the company's revenue from the new energy business reached ¥266,823,444.87, representing a year-on-year growth of 186.61%, and accounted for 16.43% of total revenue, an increase of 10.69 percentage points from the previous year[34]. - The company has established a product matrix covering fuel-powered, hybrid, pure electric, and hydrogen fuel power, with a focus on developing electronic pumps and other components for new energy vehicles[35]. - The company has strengthened its market position in traditional fuel vehicles while achieving rapid growth in the new energy sector, demonstrating resilience in its overall performance[33]. - The company actively expands its product line in the fields of transmission oil pumps and electronic pumps, ensuring sustainable growth[46]. - The company is focusing on the development of electronic pump products, including electronic water pumps and oil pumps, with power ranges from 60W to 5000W for various vehicle types[52]. Research and Development - The company reported a total of 17 invention patents granted and 7 utility model patents granted during the reporting period, with 16 invention patent applications submitted[36]. - The company has developed over 120 patents related to variable displacement pump technology, achieving domestic leadership and international advanced levels[48]. - The company has obtained over 30 patents related to automatic transmission oil pumps, achieving mass production of various types of pumps with high efficiency and low noise[50]. - The company has developed 45 patents related to motor technology, with a focus on high-performance brushless DC motors, and has established partnerships with major international clients[53]. - Research and development expenses increased by 11.68% to ¥117,528,445.24, driven by projects related to new energy vehicle components[70]. Market Trends - In 2022, China's automobile production and sales reached 27.02 million and 26.86 million units, respectively, with year-on-year growth of 3.4% and 2.1%[40]. - The market share of new energy vehicles in China increased to 25.6%, up by 12.1 percentage points from the previous year, with production and sales of 7.06 million units, reflecting a year-on-year growth of 96.9% and 93.4%[40]. - The total number of motor vehicles in China reached 417 million by the end of 2022, an increase of 21.29 million vehicles from 2021, representing a growth of 5.39%[41]. - The total sales of internal combustion engines in 2022 were 43.15 million units, a year-on-year decrease of 14.51%[44]. Corporate Governance - The company has implemented a robust governance structure in compliance with relevant laws and regulations, ensuring the maximization of shareholder interests[114]. - The company emphasizes investor relations management, providing multiple channels for investor communication to enhance satisfaction and maintain a positive market image[114]. - The company plans to strengthen internal management and control systems in accordance with governance norms to improve governance levels continuously[115]. - The company has established specialized committees, including an audit committee and a remuneration and assessment committee[133]. - The company has not faced any penalties from securities regulatory authorities in the past three years[129]. Financial Management - The company has a cash dividend policy that prioritizes cash distribution while ensuring sustainable development and shareholder returns[146]. - The total cash dividend amount for the year was approximately ¥57.82 million, which represents 30.70% of the net profit attributable to ordinary shareholders[154]. - The company plans to distribute cash dividends of no less than 30% of the distributable profits each year for the next three years[147]. - The company has a clear and complete decision-making process regarding its dividend distribution policy, ensuring the protection of minority shareholders' rights[151]. - The company has not reported any impairment provisions for entrusted financial management or loans[193]. Sustainability Initiatives - The company is committed to sustainability initiatives, aiming to reduce operational costs by 10% through energy-efficient practices[120]. - The company has invested ¥159.42 million in environmental protection during the reporting period[163]. - The company has implemented energy-saving measures, including replacing lighting with energy-efficient fixtures, which contributes to reducing carbon emissions[168]. - The company has established a dedicated department for environmental protection and safety management, ensuring compliance with relevant regulations[167]. - The company has committed to limiting the transfer of shares by its directors and senior management to no more than 25% of their total holdings during their tenure, and to not transfer shares for six months after leaving their positions[172].