CECO(SH:603698)2023-04-21 16:00Financial Performance - The company achieved operating revenue of CNY 2,506,260,191.91 in 2022, representing a 3.07% increase compared to CNY 2,431,555,519.22 in 2021[26]. - Net profit attributable to shareholders reached CNY 167,102,115.30, up 7.46% from CNY 155,497,581.73 in the previous year[26]. - The basic earnings per share increased to CNY 0.31, a 6.90% rise from CNY 0.29 in 2021[27]. - The company reported a net cash flow from operating activities of CNY 431,046,430.53, a significant increase of 44.34% compared to CNY 298,638,292.77 in 2021[26]. - The company achieved operating revenue of CNY 2.506 billion in 2022, a year-on-year increase of 3.07%[54]. - The net profit attributable to shareholders reached CNY 167 million, reflecting a growth of 7.46% compared to the previous year[54]. - Total assets increased to CNY 4.848 billion, up 6.89% from the end of the previous year[54]. - The company reduced operating costs by 3.63%, totaling CNY 1.995 billion, due to improved project cost control[55]. - The gross profit margin for the company was 20.40%, an increase of 5.53 percentage points year-on-year, attributed to improved project cost control and management capabilities[59]. - The gross profit margin improved to 35%, up from 32% in the previous year, reflecting better cost management[117]. Dividend Distribution - The company plans to distribute a cash dividend of 0.98 RMB per 10 shares, totaling approximately 52.53 million RMB based on a total share capital of 53.59 million shares as of December 31, 2022[6]. - The cash dividend distribution represents 31.43% of the net profit attributable to ordinary shareholders of the listed company, which is 167,102,115.30 yuan[152]. - The company has established a cash dividend policy that mandates a minimum of 20% of the distributable profits to be distributed in cash, provided there are no major investment plans or significant cash expenditures[148]. - The company distributed a cash dividend of 0.088 yuan per share, totaling 47,167,120 yuan to shareholders in 2022[167]. Technological Advancements - The company made significant technological advancements with the successful development of a high-pressure dry coal powder gasification technology, achieving a maximum operating pressure of 6.5 MPa and a coal feeding capacity of 3,500 tons[35]. - The company successfully developed the key component (1+4) of the new generation full heat recovery gasification technology, and completed the development and optimization of the APC control scheme for gasification intelligent control technology[38]. - The company is focusing on core technology independent innovation, accelerating the development of new technologies and products, including a new generation of full heat recovery gasification technology and green hydrogen engineering technology[97]. Market Position and Growth - The company signed multiple key project contracts, including the Zhengyuan Phase II project and the Gansu Jinchang project, enhancing its market position and creating new growth points[36]. - The company is focusing on low-carbon industry development, actively engaging in strategic transformation in environmental operations and green hydrogen technology[44]. - The company is actively participating in national strategic emerging industry development, focusing on clean and efficient utilization of coal energy and environmental protection technologies[38]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in sales in that region over the next year[120]. Research and Development - In 2022, the company completed 43 patent applications and obtained 26 authorizations, including 3 invention patents, with 2 being international invention patents[39]. - The total R&D expenditure for the period is CNY 127,246,629.52, representing 5.08% of total operating revenue[72]. - Research and development expenses decreased by 18.52% to CNY 128.6 million, influenced by the progress of R&D activities[55]. - Research and development expenses increased by 30%, totaling 150 million RMB, to support new technology initiatives[121]. Environmental Responsibility - The company has invested in environmental protection measures, enhancing its capacity to manage potential environmental incidents[161]. - The company has implemented measures to reduce carbon emissions by 130,000 tons through the development of large-scale dry coal powder gasification technology[165]. - The company reported an annual waste gas emission of approximately 7.1994 million m³ and a wastewater discharge of about 40,700 tons[160]. - The company’s pollution control facilities are fully compliant and operational, ensuring 100% compliance in wastewater and waste gas emissions[168]. Governance and Compliance - The company has maintained compliance with corporate governance regulations, ensuring the independence of its controlling shareholders and protecting the interests of minority shareholders[109]. - The company has implemented a market-oriented compensation incentive system, focusing on core technology and talent, to attract and retain key personnel[146]. - The company has conducted a comprehensive internal control evaluation covering all business areas and subsidiaries, ensuring effective risk management and compliance[155]. - The company has actively communicated with shareholders, especially minority shareholders, regarding profit distribution proposals to ensure their opinions are considered[148]. Risks and Challenges - The company is facing risks related to policy changes, particularly in the coal chemical industry, and is focusing on maintaining its leading position in clean and efficient coal utilization technology[102]. - The company is addressing market competition risks by leveraging its core technology and increasing investment in new product and technology development to expand market space[103]. - The company is committed to focusing on compliance management and internal control to ensure high-quality development and operational risk prevention[99]. Employee and Management - The company employed a total of 596 staff, with 542 in the parent company and 54 in major subsidiaries[145]. - The technical personnel accounted for 443 out of the total workforce, representing approximately 74.3%[145]. - The company has 314 employees with a master's degree or higher, which is about 52.7% of the total workforce[145]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 9.6376 million yuan[127].