Anhui Gourgen(SH:603815)2023-04-26 16:00Financial Performance - The company's operating revenue for 2022 was ¥6,499,141,022.75, representing a 26.76% increase compared to ¥5,127,323,244.04 in 2021[23] - The net profit attributable to shareholders for 2022 was ¥181,566,056.53, up 22.18% from ¥148,600,058.18 in the previous year[23] - The net profit after deducting non-recurring gains and losses was ¥172,279,881.97, which is a significant increase of 62.68% compared to ¥105,899,665.18 in 2021[23] - The net cash flow from operating activities improved to ¥64,788,964.25, a recovery from a negative cash flow of ¥253,895,339.86 in 2021[23] - The total assets of the company at the end of 2022 were ¥9,620,437,274.35, reflecting a 16.64% increase from ¥8,247,927,584.24 in 2021[24] - The net assets attributable to shareholders increased to ¥2,172,629,095.62, a growth of 5.75% from ¥2,054,484,988.61 at the end of 2021[24] Dividend Distribution - The company plans to distribute cash dividends of ¥1.00 per 10 shares, totaling ¥61,892,423.50 based on the total share capital of 618,924,235 shares[6] - The company prioritizes cash dividends, distributing at least 15% of the available profit as cash dividends when net profit is positive[113] - The company distributed a total of RMB 61.89 million in cash dividends for the fiscal year ending December 31, 2021, based on a total share capital of 618,924,235 shares[117] Risk Management - There are no significant risk events reported during the reporting period, and potential risks are detailed in the management discussion section[8] - The company faces risks related to macroeconomic fluctuations, which could impact its operations in the public infrastructure sector[82] - The competitive landscape is challenging, with numerous players and a low industry concentration, posing risks to achieving expected growth[83] - The company has implemented measures to mitigate risks from raw material price fluctuations, including price adjustment clauses in contracts[84] Project Management and Achievements - The company secured new orders amounting to RMB 8.064 billion during the reporting period[35] - Significant breakthroughs were made in highway construction projects, including new contracts for high-value projects[35] - The company implemented a refined project management approach, enhancing efficiency and project quality[36] - The company completed major infrastructure projects, including a 6.5 km comprehensive pipe gallery, setting a record in Hefei[36] - The company has won 3 national engineering awards and 3 provincial engineering awards during the reporting period, enhancing its brand image and market influence[37] Technological Innovation - The company obtained 1 provincial-level construction method, 4 invention patents, and 2 provincial-level science and technology progress awards, demonstrating its commitment to technological innovation[38] - The company has developed 23 invention patents and 49 provincial and national construction methods, showcasing its strong technological innovation capabilities[47] - The company has integrated BIM digital construction platform with its financial system, significantly improving project information management[38] Workforce and Management - The company employs a workforce where 75% are under 35 years old, with 111 senior engineers and 330 registered builders, indicating a strong talent pool[45] - The current management team includes experienced professionals with extensive backgrounds in engineering and finance, contributing to the company's operational efficiency[96][97][98] - The company has maintained a stable leadership team, with many members having long tenures in their respective roles, which supports continuity in strategic direction[96][97] Governance and Compliance - The company has a total of 9 board members, including 3 independent directors, ensuring compliance with legal requirements[87] - The company has established four specialized committees under the board to enhance decision-making efficiency[87] - The company has maintained independence from its controlling shareholder in business, personnel, assets, and finance[87] - The company has not faced any administrative supervision from regulatory authorities during the reporting period[87] Shareholder Engagement - The company actively encourages small and medium shareholders to participate in decision-making through online voting[87] - The company’s profit distribution decision-making process includes input from independent directors and small shareholders[115] - The company ensures that minority shareholders have ample opportunity to express their opinions and protect their legal rights[118] Environmental Responsibility - The company invested 1.0308 million yuan in environmental protection during the reporting period[125] - The company has established an environmental protection management system to control pollution and ensure compliance with regulations[126] - The company implemented measures to manage construction dust and noise, enhancing green and low-carbon development in construction[128] Internal Control and Audit - The internal control audit report issued by the accounting firm received a standard unqualified opinion[123] - The company has improved its internal control system to enhance business and financial management[121] - The company has not reported any significant internal control deficiencies during the reporting period[122] Related Party Transactions - The company has established a commitment to reduce related party transactions post-transaction completion[147] - The company will disclose information timely regarding necessary related transactions to maintain transparency[147] - The company has implemented measures to ensure that related transactions do not harm the interests of minority shareholders[147] Financial Commitments - The company achieved a net profit of RMB 40.68 million for 2021, exceeding the performance commitment of RMB 30 million[150] - For 2022, the company reported a net profit of RMB 34.48 million, surpassing the commitment of RMB 40 million[150] - The company has committed to a net profit of no less than RMB 50 million for 2023[147] Share Structure and Changes - The total number of shares after the recent changes is 618,924,235, with 73.62% being restricted shares[163] - The company completed a non-public offering of shares, resulting in 119,924,235 restricted shares becoming tradable on January 5, 2022[164] - The total number of ordinary shareholders increased to 34,964 by the end of the reporting period, up from 33,825 at the end of the previous month[170] Audit and Financial Reporting - The audit report confirms that the financial statements fairly reflect the financial position and operating results of the company as of December 31, 2022[185] - Key audit matters include revenue recognition from construction contracts, which involves significant management estimates[187] - The company’s revenue primarily comes from construction contracts, with revenue recognized based on the progress of performance[187]