ZBOM(SH:603801)2023-04-26 16:00Financial Performance - In 2022, the company achieved a revenue of 5.389 billion yuan, representing a year-on-year growth of 4.58%[4] - The net profit for 2022 was 537 million yuan, marking a year-on-year increase of 6.17%, continuing a trend of nine consecutive years of revenue and net profit growth[4] - The company's operating revenue for 2022 was CNY 5,388,779,742.51, representing a 4.58% increase compared to CNY 5,152,797,815.61 in 2021[25] - The net profit attributable to shareholders for 2022 was CNY 536,719,544.19, an increase of 6.17% from CNY 505,521,106.30 in 2021[25] - The net cash flow from operating activities increased by 54.42% to CNY 765,938,956.91 in 2022, compared to CNY 496,020,769.67 in 2021[25] - The total assets of the company at the end of 2022 were CNY 5,777,421,786.21, reflecting a 9.05% increase from CNY 5,298,054,969.75 at the end of 2021[25] - The basic earnings per share for 2022 was CNY 1.7560, an increase of 8.38% from CNY 1.6202 in 2021[26] - The weighted average return on equity for 2022 was 19.91%, a decrease of 1.25 percentage points from 21.16% in 2021[26] - The company reported a net profit of CNY 221,798,181.65 in Q4 2022, which is the highest quarterly profit for the year[27] Business Strategy and Market Expansion - The company plans to accelerate its market expansion in southern regions and enhance brand influence and supply delivery capabilities[7] - The company has increased the proportion of high-quality clients in the bulk business, with top 100 real estate clients accounting for 36% by the end of 2022[50] - The company has actively explored new business areas, including senior apartments and corporate housing, to foster growth in the bulk business segment[48] - The company aims to provide standardized and integrated services in collaboration with upstream and downstream enterprises in the industry[72] - The company is committed to exploring the potential of the old housing renovation market, which is expected to drive stable growth in the home decoration and furnishing market[72] Product and Service Development - The customized kitchen cabinet business generated 2.737 billion RMB, accounting for 50.78% of main business revenue, while the customized wardrobe business brought in 2.103 billion RMB, representing 39.02% of main business revenue, with a year-on-year growth of 19.49%[35][36] - The company launched multiple customized bathroom products, expanding its offerings to meet consumer demands for a complete home solution[54] - The company has developed a new product system based on whole-home needs, improving the design and quality of wooden doors and wall panels[53] - The company has established a dynamic supply chain alliance model, transitioning from functional supply chains to integrated internal and external supply chains[87] Operational Efficiency and Cost Management - Despite rising raw material costs, the company did not increase prices but implemented internal measures to offset cost pressures, enhancing operational efficiency[5] - The company implemented cost control measures that effectively improved operational efficiency, contributing to overall high-quality development[34] - The company has optimized its supply chain management, achieving a reduction in procurement costs through the implementation of a supplier management platform[57] - The company has achieved over 70% automation in its digital workshops, maximizing resource coordination and efficiency[107] Marketing and Brand Development - The company has upgraded its brand image and marketing strategies, including signing international superstar Jay Chou as a brand ambassador to enhance brand awareness[79] - The brand marketing strategy combines product promotion with advertising, achieving over 1.945 billion exposures in 2022 through various channels, including major cities and events[92] - The company has expanded its online business and enhancing brand presence in southern markets[145] Digital Transformation and Innovation - The company has developed a "cloud design" application software to enhance customer experience by allowing direct participation in the customization process[80] - The company has introduced a comprehensive digital management platform, integrating various systems to improve operational efficiency and reduce costs[105] - The company is committed to establishing a modern factory management model through smart manufacturing initiatives[152] Governance and Compliance - The company has implemented a comprehensive internal control system to ensure compliance with legal regulations and protect shareholder rights[159] - The company’s financial disclosures and governance practices are in compliance with relevant regulations, ensuring transparency for shareholders[164] - The company has faced regulatory penalties, including a public reprimand for a former supervisor's stock reduction actions[177] Sustainability and Environmental Initiatives - The company is committed to a full-process green industrial chain to support carbon neutrality goals, emphasizing energy conservation and environmental protection through technological innovation[199] - The company signed energy contracts for two distributed photovoltaic projects with a total capacity of 11.8MWp, expected to save approximately 4,393 tons of standard coal and reduce CO2 emissions by 11,704 tons annually compared to traditional coal-fired power[200]