SHBM(SH:900939)2023-03-30 16:00Financial Performance - In 2022, the company's total revenue was CNY 14,708,599.90, a decrease of 20.23% compared to CNY 18,439,452.10 in 2021[20] - The net profit attributable to shareholders was CNY 7,611,577.59, down 35.30% from CNY 11,764,241.68 in the previous year[20] - The net cash flow from operating activities significantly dropped by 81.75%, totaling CNY 2,623,232.50 compared to CNY 14,376,532.46 in 2021[20] - Basic earnings per share decreased by 35.34% to CNY 0.0419 from CNY 0.0648 in 2021[21] - The weighted average return on net assets fell to 6.71%, a decrease of 4.67 percentage points from 11.38% in 2021[21] - Operating profit for the year was CNY 1,081.06 million, reflecting a decrease of 22.51% compared to the previous year[39] - The total revenue for the year was CNY 1,470.86 million, down 20.23% year-on-year[39] - Net profit attributable to shareholders was CNY 761.16 million, a decline of 35.30% year-on-year[39] Assets and Liabilities - The company's total assets increased by 6.49% to CNY 146,627,300.38 at the end of 2022, up from CNY 137,696,288.40 in 2021[20] - The company's total assets as of December 31, 2022, were CNY 146.63 million, with total liabilities of CNY 25.69 million, resulting in equity of CNY 117.53 million[30] - The company's total liabilities amounted to CNY 25.69 billion in 2022, slightly up from CNY 25.07 billion in 2021, indicating a 2.5% increase[154] - The total equity attributable to shareholders increased to CNY 117.53 billion in 2022, up from CNY 109.25 billion in 2021, showing a growth of 7.5%[154] Rental Income and Business Operations - The rental income from the Kangqiao area was CNY 1,463.28 million, achieving a 100% collection rate despite a rent waiver of CNY 622,600 due to construction delays[30] - The company's rental income from self-owned factories for the reporting period was CNY 14,645,171.99, a decrease of 20.35% compared to the previous year[44] - The rental business has been the company's main source of income since 2011, contributing 100% to the total revenue in the reporting period[37] - The company is currently facing challenges in generating rental income from the Dafeng Industrial Park due to ongoing legal disputes with the tenant[37] Investment and Cash Flow - The company achieved a financial return of CNY 82,400 from limited investments in bank wealth management products during 2022[32] - Investment cash flow for the current year is -13,738,917.98, which is a significant increase in outflow compared to -4,246,115.63 in the previous year[55] - The company has engaged in bank wealth management with a total amount of 7,000,000.00 RMB, with no overdue amounts[120] - Cash flow from operating activities decreased significantly to CNY 2,623,232.50 in 2022 from CNY 14,376,532.46 in 2021, a decline of about 81.7%[167] Governance and Management - The company completed four regular reports and 17 temporary announcements during the reporting period, ensuring timely and accurate information disclosure[76] - The company has established a management system for insider information, ensuring compliance with relevant laws and regulations[76] - The total pre-tax remuneration for directors and senior management during the reporting period amounted to 1.079 million yuan[79] - The company has a diverse board with members holding positions in various subsidiaries and related companies, enhancing governance and oversight[83] Challenges and Future Plans - The company has faced challenges in its industrial sector, leading to a gradual shrinkage of its business despite stabilizing rental income[34] - The company plans to expand its business scope and scale, although no substantial progress has been made in this area[33] - Company aims to achieve at least CNY 15 million in main business revenue for 2023, with expenses capped at CNY 3 million[70] - Company plans to maintain good relationships with tenants and ensure stable rental income from properties in Shanghai and Jiangsu[70] Audit and Compliance - The internal control audit report issued by Zhonghua Accounting Firm received a standard unqualified opinion[107] - The audit committee convened 6 meetings during the reporting period, focusing on the internal audit work summary and annual work plan[95] - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2022, in accordance with accounting standards[140] - The management is responsible for ensuring the financial statements are free from material misstatement due to fraud or error[147] Shareholder Information - The company has a total of 10,411 ordinary shareholders as of the end of the reporting period, an increase from 10,382 at the end of the previous month[127] - The major shareholder, Shanghai Huili Group Co., Ltd., holds 51,989,300 shares, representing 28.64% of the total shares[129] - The company has no significant changes in its share capital structure during the reporting period[125] - There were no changes in the company's control during the reporting period[134]