ZLC(SH:900915)2023-04-21 16:00Financial Performance - In 2022, the company achieved a total operating revenue of ¥927,486,208.39, representing a 28.44% increase compared to ¥722,118,127.08 in 2021[19] - The net profit attributable to shareholders of the listed company was -¥76,328,451.65, a significant decline from a profit of ¥37,121,329.50 in 2021[19] - The basic earnings per share for 2022 was -¥0.24, down from ¥0.12 in 2021[20] - The weighted average return on equity decreased to -11.98%, down 17.57 percentage points from 5.59% in 2021[20] - The company reported a net loss of -4,167,811.74 for minority interests, a 207.03% increase from a profit of 3,894,238.93 in the previous period[56] - The company reported a total sales revenue of CNY 1,087,242,041.77 in 2022, compared to CNY 769,027,811.18 in 2021, reflecting a growth of 41.3%[142] - The total comprehensive income for 2022 was a loss of CNY 86,840,502.32, compared to a profit of CNY 24,084,014.20 in 2021[138] Cash Flow and Investments - The net cash flow from operating activities was ¥48,928,273.09, recovering from -¥33,865,849.94 in the previous year[19] - The company reported a significant increase in cash flow from investment activities, totaling 75.73 million yuan, up 860.58% year-on-year[40] - The company reported a substantial increase in sales costs, which rose to CNY 630,584,160.16 in 2022 from CNY 507,745,863.85 in 2021[140] - Cash flow from financing activities showed a net outflow of CNY 19,480,417.58, an improvement from a net outflow of CNY 30,295,678.43 in the previous year[143] - The company received CNY 2,450,000.00 from minority shareholders as part of investment in 2022, indicating active engagement in capital raising[143] Assets and Liabilities - The company's total assets at the end of 2022 were ¥920,115,297.97, a slight decrease of 1.09% from ¥930,296,132.12 in 2021[19] - The company's total liabilities increased to CNY 339,258,449.39 in 2022, up from CNY 243,833,017.79 in 2021, indicating a rise of about 39.1%[131] - The total equity of Zhonglu Co., Ltd. was CNY 580,856,848.58 as of December 31, 2022, down from CNY 686,463,114.33 in 2021, reflecting a decrease of approximately 15.4%[131] - The company's current assets increased significantly to CNY 364,925,689.13 in 2022, up from CNY 217,082,268.92 in 2021, representing a growth of approximately 68.3%[130] Research and Development - Research and development expenses decreased by 25.61% to 26.29 million yuan[40] - Total research and development expenses amounted to 26,291,286.58 CNY, accounting for 2.83% of total revenue[49] - The company's research and development expenses increased to CNY 1,954,200.66 in 2022 from CNY 1,424,821.11 in 2021, reflecting a focus on innovation[140] Market and Industry Trends - The bicycle and electric bicycle industry saw a revenue increase of 3% in 2022, with profits exceeding 100 billion yuan, reflecting a positive market trend[33] - The bicycle industry is shifting from traditional commuting needs to sports, leisure, and fitness demands, with high-end products accounting for 70% of sales in developed countries like Germany[66] - The company is focusing on the development of high-altitude wind power generation technology and has entered the implementation phase of the project[68] Corporate Governance and Management - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 2.7531 million yuan[76] - The company has appointed a new supervisor, Lu Yongjian, due to the retirement of the previous supervisor[77] - The company’s board of directors has not changed significantly, with all members retaining their positions since their appointment[75] - The company has established an audit committee as part of its governance structure[81] Future Outlook and Plans - The company plans not to distribute profits for the year due to the losses incurred, with a cumulative distributable profit of ¥243,879,566.53 at the end of 2022[5] - The company plans to achieve an operating revenue of 1.1 billion yuan in the new fiscal year[69] - The company aims to maximize shareholder value by rationally allocating its asset structure and recovering funds through equity financial investments[29] Financial Reporting and Compliance - The financial statements are prepared based on the going concern principle, ensuring the company's ability to continue its operations[160] - The audit opinion confirmed that the financial statements were prepared in accordance with accounting standards and fairly represent the company's financial position[120] - The company has no significant changes in accounting policies or estimates during the reporting period[91]