longda(SH:688231)2023-04-25 16:00Financial Performance - The company's operating revenue for 2022 reached ¥951,596,645.17, representing a 31.11% increase compared to ¥725,777,514.83 in 2021[24]. - The net profit attributable to shareholders for 2022 was ¥94,440,962.48, a 34.52% increase from ¥70,208,071.42 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥49,594,455.88, showing a significant increase of 76.59% from ¥28,084,768.07 in 2021[24]. - The company's total assets as of the end of 2022 amounted to ¥3,168,319,685.43, which is a 178.17% increase from ¥1,138,976,457.87 at the end of 2021[24]. - The net assets attributable to shareholders at the end of 2022 were ¥2,800,507,431.82, reflecting a 456.05% increase compared to ¥503,642,608.39 at the end of 2021[24]. - The net cash flow from operating activities for 2022 was negative at -¥322,158,090.78, compared to -¥7,731,403.01 in 2021[24]. - The company achieved operating revenue of ¥951,596,645.17, an increase of 31.11% year-on-year[39]. - Net profit attributable to shareholders reached ¥94,440,962.48, up 34.52% compared to the previous year[26]. - Basic earnings per share increased by 18.42% to ¥0.45, while diluted earnings per share remained the same at ¥0.45[25]. - The weighted average return on equity decreased by 8.63 percentage points to 6.43%[25]. - The gross profit margin for high-temperature alloys decreased by 6.12 percentage points to 23.40%[115]. - The revenue from the aerospace sector grew by 130.42% to CNY 296,852,261.50, driven by increased sales of high-temperature alloys[115]. Research and Development - The company applied for 16 invention patents and was granted 20 in 2022, reflecting its commitment to innovation[42]. - Research and development expenses accounted for 7.26% of operating revenue, a decrease of 0.85 percentage points[25]. - The company reported a 15.83% increase in research and development expenses, totaling approximately ¥61 million in the current year compared to ¥52.67 million in the previous year[76]. - The company has made significant advancements in the preparation of single crystal and high-purity nickel-based superalloys, achieving international advanced technology levels[74]. - The company is developing a new generation of low-zinc, low-density nickel-based single crystal superalloys, with ongoing experimental research based on preliminary results[79]. - The company has established a high-temperature alloy technology research institute and has integrated domestic and international research resources to form an advanced technical system[65]. - The company has achieved breakthroughs in ultra-pure vacuum smelting technology, with total oxygen, nitrogen, and sulfur content in equiaxed and directional master alloys controlled to ≤15ppm, and single crystal master alloys to ≤10ppm[66]. - The company has established a comprehensive research system for special ship materials, with the delivery of B10 alloy pipes for specific ship models[85]. Market and Competitive Position - The company is focused on developing new materials with superior performance and special functions, which may enhance its market position[15]. - The company operates in a highly competitive environment, particularly in the production of high-temperature alloys and components for aerospace applications[15]. - The company is exploring market expansion opportunities and potential mergers and acquisitions to strengthen its competitive edge[15]. - The company is focused on expanding its market share in the aerospace and gas turbine sectors, leveraging technological advancements to overcome industry barriers[40]. - The demand for high-temperature alloys in military aviation is expected to maintain steady growth due to the "14th Five-Year Plan" and modernization of defense forces[52]. - The Chinese aviation market is projected to receive 9,084 aircraft valued at approximately $1.4 trillion, indicating a significant demand for high-temperature alloys in civil aviation[53]. - The gas turbine market is expanding, driven by increasing demand for marine power and clean energy initiatives, which will boost the use of high-temperature alloys[54]. - The company aims to expand its market presence in the domestic aerospace and military sectors, prioritizing the acceleration of aerospace military products[151]. Corporate Governance and Compliance - The company received a standard unqualified audit report from Zhonghui Certified Public Accountants[5]. - The board of directors has confirmed the authenticity, accuracy, and completeness of the annual report[5]. - The company has no non-operating fund occupation by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures for external guarantees[8]. - The company has not disclosed any special arrangements for corporate governance[6]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute substantive commitments to investors[7]. - The company emphasizes the importance of investor awareness regarding investment risks[7]. - The company has implemented a robust internal control system to ensure orderly operations and safeguard assets, with no significant deficiencies reported during the period[199]. Human Resources and Compensation - The company has a total of 622 employees, with 220 in the parent company and 402 in major subsidiaries[186]. - The workforce composition includes 382 production personnel, 43 sales personnel, 126 technical personnel, and 71 administrative personnel[186]. - The average salary of R&D personnel has increased from 15.67 million RMB to 17.82 million RMB, indicating a commitment to attracting and retaining talent[89]. - Total compensation for all directors, supervisors, and senior management at the end of the reporting period amounted to 7.4398 million RMB[176]. - Total compensation for core technical personnel at the end of the reporting period amounted to 4.0508 million RMB[176]. - The company has established a competitive compensation policy linked to performance and capability, aiming to enhance employee motivation and internal competition[187]. - The company has invested in training programs for various employee levels, including management and technical staff, to enhance productivity and professional skills[189]. Future Outlook and Strategic Initiatives - The company provided a positive outlook for 2023, projecting a revenue growth of 20% and aiming to reach 1.44 billion[168]. - New product launches are expected to contribute an additional 200 million in revenue in 2023, with a focus on innovative technologies[168]. - The company is expanding its market presence, targeting new regions which are projected to add 150 million in revenue by the end of 2023[168]. - A strategic acquisition is planned, which is anticipated to enhance the company's product offerings and increase market share by 10%[168]. - Research and development investments have increased by 30%, totaling 100 million, to support new technology initiatives[168]. - The company aims to improve operational efficiency, targeting a reduction in costs by 5% through streamlined processes[168]. - The company is committed to sustainability, with plans to reduce carbon emissions by 20% over the next five years[168].