GSDC(SH:603458)2023-04-21 16:00Financial Performance - The company's operating revenue for 2022 was ¥2,155,628,978.02, a decrease of 29.08% compared to ¥3,039,431,545.30 in 2021[21]. - The net profit attributable to shareholders of the listed company was ¥170,135,239.94, down 49.66% from ¥337,942,971.87 in the previous year[21]. - The basic earnings per share decreased by 50.00% to ¥0.54 from ¥1.08 in 2021[22]. - The weighted average return on equity dropped to 5.14%, down from 10.71% in the previous year, a decrease of 5.57 percentage points[22]. - The total assets at the end of 2022 were ¥7,501,037,183.28, a decrease of 1.71% from ¥7,631,375,851.17 at the end of 2021[21]. - The company's total revenue for 2022 was CNY 2,155,628,978.02, a decrease of 29.08% compared to the previous year[71]. - The net profit attributable to shareholders was CNY 170,135,239.94, down 49.66% year-on-year[72]. - The gross profit margin for the main business was 33.66%, a decrease of 2.88 percentage points from the previous year[72]. Dividend Distribution - The company plans to distribute a cash dividend of 1.63 CNY per 10 shares, totaling 51,150,075.96 CNY, which accounts for 30.06% of the net profit attributable to the parent company for the year[6]. - The cash dividend per share is ¥1.63 (before tax) for every 10 shares held[153]. - The company has a minimum cash dividend distribution ratio of 20% of the distributable profit for the year, provided that the external operating environment remains stable[149]. - The company's cash dividend policy requires a minimum of 80% of profits to be distributed as cash dividends if in a mature stage without major capital expenditure plans[151]. - The company has not adjusted its cash dividend policy during the reporting period[152]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[7]. - There are indications of non-operational fund occupation by controlling shareholders and other related parties[8]. - The company has detailed potential risks in its report, urging stakeholders to review the discussions and analyses regarding future developments[8]. - The company is committed to ensuring the authenticity, accuracy, and completeness of the annual report[4]. - The company faces risks related to customer payment delays, particularly from government departments, which may negatively impact cash flow and financial performance[104]. - The company is subject to various risks in overseas projects, including political and economic instability in developing countries, which may affect project success and returns[102]. Corporate Governance - The company adheres to legal and regulatory requirements for corporate governance, ensuring fair treatment of all shareholders and maintaining transparency in information disclosure[109]. - The board of directors and supervisory board operate in compliance with relevant laws, ensuring the protection of shareholder interests[110]. - The company has established a robust investor relations framework to facilitate communication with shareholders, particularly minority shareholders[111]. - The company has committed to timely and accurate information disclosure, ensuring all shareholders have equal access to information[111]. - The company has implemented measures to maintain independence from its controlling shareholders and ensure compliance with relevant regulations[111]. Strategic Development - The company is actively expanding into five new growth areas: comprehensive transportation, smart industry, ecological environment, rural revitalization, and new energy, aligning with national strategic planning[46]. - The company is focusing on innovative financing mechanisms in infrastructure, including the establishment of REITs to enhance investment efficiency[54]. - The company is committed to increasing the proportion of green buildings and promoting energy-saving measures in construction projects[55]. - The company has established joint ventures to integrate resources and expand into new business areas, including a partnership with China Chemical Construction Group[46]. - The company is exploring strategic mergers and acquisitions to bolster its market position and operational capabilities[118]. Research and Development - The company applied for a total of 165 patents and software copyrights, with 113 granted, including 42 invention patents and 105 utility model patents[38]. - The company has a strong focus on technology development, with key projects recognized for their innovative techniques, including the key technology for large-span bridge construction awarded in December 2017[119]. - Research and development expenses totaled ¥67,944,937.21, which is 3.15% of operating revenue, with no capitalized R&D expenditures[79]. - The company aims to enhance its research and development efforts, particularly in engineering and construction technologies[118]. - The company has expanded its research capabilities, with a focus on high-performance concrete applications in highway construction, which received the Guizhou Provincial Science and Technology Achievement Transformation Award (second class) in 2017[122]. Market Position and Expansion - The company maintained its position in the top 50 national engineering survey and design enterprises, ranking 37th, and was recognized as one of the "Top 100 Enterprises in Guizhou" in 2022[41]. - The company is actively involved in the planning and design of major highway projects, enhancing its market presence[119]. - The company has made significant progress in expanding its business outside Guizhou, but it still faces risks in achieving expected market expansion due to a lack of strong customer relationships and market resources[101]. - The company is expanding its presence in the new energy sector, establishing 86 charging stations in Guizhou Province, including 18 public charging stations and 68 social charging stations[44]. - The company is in the process of issuing shares to a specific entity, which will result in a change of control, with Guiyang Chankong becoming the largest shareholder[190]. Social Responsibility and Sustainability - The company has engaged in social responsibility projects with a total investment of 294,000 CNY, benefiting 1,938 individuals through various initiatives[164][165]. - The company actively participated in poverty alleviation and rural revitalization projects, including planning for demonstration villages in Guizhou Province[166]. - The company has committed to sustainability, with plans to invest 30 million in eco-friendly technologies over the next three years[120]. - The company has implemented carbon reduction measures, including the launch of the "Cloud Office" platform in 2022, which reduced paper usage and promoted electronic reporting[162]. - The company has adopted green design principles in engineering projects, utilizing energy-saving technologies and materials to reduce carbon emissions[162]. Employee and Management Structure - As of December 31, 2022, the company employed 3,004 staff, including 1,360 registered professionals, and has established a multi-tiered talent team with various experts and engineers[63]. - The company has a total of 490 employees with a graduate degree or higher, representing a significant portion of its workforce[144]. - The company’s compensation policy links employee assessment results directly to salary distribution, aiming to enhance employee motivation and cohesion[145]. - The company has seen a shift in its management team, with multiple appointments and resignations reflecting strategic adjustments[128]. - The total remuneration for all directors, supervisors, and senior management amounted to 22.374 million yuan[127].