HOLSIN(SH:603909)2023-03-24 16:00Financial Performance - The company's operating revenue for 2022 was CNY 1,261,019,291.54, representing a 49.87% increase compared to CNY 841,382,751.56 in 2021[19] - The net profit attributable to shareholders for 2022 was CNY 56,698,527.36, a 40.25% increase from CNY 40,426,925.90 in the previous year[19] - The net cash flow from operating activities reached CNY 210,263,584.33, marking a significant increase of 136.96% compared to CNY 88,733,665.35 in 2021[19] - The total assets of the company as of December 31, 2022, were CNY 1,816,457,067.00, an increase of 11.46% from CNY 1,629,720,774.63 at the end of 2021[19] - The net assets attributable to shareholders increased by 6.16% to CNY 934,573,372.90 at the end of 2022, compared to CNY 880,343,494.03 at the end of 2021[19] - The company's operating income for 2022 increased by 41,963.65 million RMB, a growth of 49.87%, primarily due to the addition of construction business revenue[21] - The net profit attributable to shareholders for 2022 rose by 1,627.16 million RMB, an increase of 40.25%, driven by higher gross profits from construction, surveying design, and engineering management[21] - The net cash flow from operating activities increased by 12,152.99 million RMB, a significant growth of 136.96%, influenced by increased payments received for engineering projects[21] - The total annual collection amount improved to 1,173 million RMB, reflecting a 42.99% increase year-on-year[30] - The company signed new contracts worth 2,917 million RMB in 2022, with a year-on-year growth of 183%[30] Shareholder Returns and Capital Management - The company plans to distribute a cash dividend of CNY 0.6 per 10 shares, totaling CNY 12,031,068.00, which represents a cash dividend payout ratio of 21.22%[5] - The company intends to increase its total share capital by 3 shares for every 10 shares held, resulting in a capital reserve transfer of CNY 60,155,340[5] Business Strategy and Development - The company is focusing on accelerating business collaboration and structural adjustments to enhance operational efficiency and market competitiveness[31] - The company aims to become a leading brand in the domestic engineering lifecycle service sector through strategic partnerships and capital operations[31] - The company is actively exploring new business models, including EPC+O and government third-party inspection services[35] - The company is positioned to benefit from the ongoing urbanization and infrastructure investment trends in China[46] - The company focuses on six major industry sectors: surveying and design, engineering management, testing and inspection, comprehensive maintenance, construction, and new engineering materials[48] - The company aims to expand its business in urban renewal, environmental remediation, and smart operation projects for infrastructure, leveraging its "engineering hospital" concept[54] Research and Development - The company has initiated 11 internal key R&D projects and obtained 25 intellectual property rights during the reporting period[38] - The company’s laboratory received national recognition (CNAS certification), enhancing its service quality and brand recognition[38] - The company has established a dual innovation system with a focus on technology management and key research projects[63] - The company is conducting research on a new technology for ultra-thin overlay mixtures using high-performance asphalt, which aims to lower road maintenance costs and improve durability[89] Corporate Governance and Compliance - The company held 4 temporary shareholder meetings and 11 board meetings during the reporting period, ensuring compliance with legal procedures and protecting shareholder rights[119] - The company revised over 40 governance and management-related systems to enhance corporate governance standards during the reporting period[122] - The company maintained complete operational independence from its controlling shareholder, ensuring no incidents of rights infringement occurred[120] - Independent directors actively participated in meetings and provided independent opinions on significant matters, safeguarding the interests of minority shareholders[120] - The company implemented a robust investor communication mechanism, including investor hotlines and online performance briefings, to enhance transparency[121] Financial Management and Internal Controls - The company has a robust internal control system, which was independently audited and received a standard unqualified opinion[164] - The company has revised its subsidiary management system to enhance dynamic control and risk management across subsidiaries[163] - The company has committed to continuous improvement in internal control and governance structures to align with regulatory requirements[119] Environmental and Social Responsibility - The company has not invested any funds in environmental protection during the reporting period[166] - The company made a total donation of 110,000 CNY for poverty alleviation and educational development during the reporting period[169] - The company actively fulfills its corporate social responsibility while creating value for shareholders[169] Related Party Transactions - The company reported a total of 195,846.76 thousand RMB in actual transactions with related parties, against an authorized limit of 250,000 thousand RMB for the year 2022[190] - The company sold goods and provided services to related parties, generating 190,069.73 thousand RMB in revenue, while purchasing goods and services amounted to 5,766.52 thousand RMB[190] - The company’s daily related transactions with the controlling party did not exceed the expected range for the year 2022[191]