XIIC(SZ:000159)2023-04-19 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,611,414,197.67, representing a 43.98% increase compared to ¥1,119,159,300.43 in 2021[21]. - The net profit attributable to shareholders for 2022 was ¥297,894,281.19, a significant increase of 976.88% from ¥27,662,678.41 in 2021[21]. - The basic earnings per share for 2022 reached ¥0.6197, up 977.74% from ¥0.0575 in 2021[21]. - The total assets at the end of 2022 were ¥3,077,536,632.35, a decrease of 16.58% from ¥3,689,030,699.62 at the end of 2021[21]. - The net assets attributable to shareholders increased by 13.69% to ¥2,525,887,090.38 at the end of 2022, compared to ¥2,221,649,871.29 at the end of 2021[21]. - The cash flow from operating activities for 2022 was negative at -¥326,151,758.03, a decline of 3,140.54% from ¥10,726,787.40 in 2021[21]. - The weighted average return on equity for 2022 was 12.57%, an increase of 11.32 percentage points from 1.25% in 2021[21]. Business Operations - The company has expanded its business scope to include oil and petrochemical product sales, storage, and processing, as well as energy trading and real estate development[19]. - The company operates in the wholesale industry, primarily dealing with oil and chemical products, which are significantly influenced by international oil price fluctuations and macroeconomic conditions[30]. - The company has established a strong brand presence in the Xinjiang region for its oil and chemical product wholesale and storage operations[33]. - The company is adapting to regulatory changes regarding hazardous chemicals, which may enhance its operational capabilities in the oil products sector[32]. - The company has established a strong competitive advantage in the oil and chemical products sector, supported by stable supplier relationships and a solid customer base[41]. Revenue Breakdown - In 2022, the company achieved revenue of CNY 84,588.48 million from oil and chemical product wholesale, an increase of 14.92% compared to the previous year[43]. - The manufacturing segment generated sales revenue of CNY 73,259.53 million, with an operating profit of CNY 9,332.02 million[44]. - The real estate business reported revenue of CNY 945.05 million, a decrease of 72.18% year-on-year due to a sluggish market[44]. - The wholesale of oil and chemical products accounted for 52.49% of total revenue, generating CNY 845,884,807.45, with a year-on-year growth of 14.92%[47]. - The manufacturing sector saw a remarkable increase in revenue of 158.98%, contributing CNY 732,595,335.45, which represented 45.46% of total revenue[47]. - The real estate development sector experienced a decline in revenue of 72.18%, contributing only CNY 9,450,485.77, down from CNY 33,970,333.58 in the previous year[47]. Cash Flow and Investments - The cash flow from operating activities showed a net outflow of CNY 261.85 million in the third quarter, indicating challenges in cash generation during that period[25]. - The net cash flow from operating activities turned negative at -¥326,151,758.03, a significant decline compared to the previous year[63]. - The net cash flow from investment activities increased by 783.35%, reaching 788.98 million, mainly due to cash received from the disposal of Wan Jia Fund equity[64]. - The net cash flow from financing activities was -402.62 million, a decrease of 498.93%, primarily due to loan repayments during the year[64]. - The total cash and cash equivalents increased by 1,521.85%, amounting to 60.86 million, compared to a decrease of 4.28 million in the previous year[64]. Strategic Initiatives - The company plans to continue expanding its market presence and investing in new product development to drive future growth[45]. - The company is focusing on digital transformation by enhancing management systems and implementing an OA office system to improve operational efficiency[45]. - The company aims to enhance its photovoltaic support product technology and expand market share in the rapidly growing solar energy sector[89]. - The company plans to expand its energy wholesale business, leveraging the increasing demand for petrochemical products as the economy recovers[89]. - The company is focusing on developing its steel structure business, capitalizing on its advanced qualifications and skilled workforce[90]. Governance and Compliance - The company has established a robust governance structure, ensuring compliance with regulations and protecting shareholder rights[99]. - The company has disclosed 140 interim announcements and maintained active communication with investors to ensure transparency[101]. - The company has improved its internal control system, enhancing risk management through on-site interviews and assessments, which has effectively increased risk awareness among employees[103]. - The company maintains independence from its controlling shareholder in business operations, personnel management, asset ownership, organizational structure, and financial management, ensuring no conflicts of interest[105]. - The company has not reported any significant discrepancies between its governance practices and regulatory requirements set by the China Securities Regulatory Commission[104]. Employee and Social Responsibility - The total number of employees at the end of the reporting period was 632, with 41 in the parent company and 591 in major subsidiaries[132]. - The company has established a comprehensive training system to improve employee skills and management capabilities, focusing on internal control, safety production, and professional knowledge[135]. - The company actively participated in social responsibility initiatives, including a consumption poverty alleviation action that involved purchasing CNY 40,000 worth of local agricultural products[153]. - The company has committed to achieving net profits of no less than CNY 10.2 million, CNY 12 million, and CNY 13.2 million for the years 2021, 2022, and 2023, respectively, after deducting non-recurring gains and losses[156]. Legal and Regulatory Matters - The company faced a lawsuit involving a claim of 24.7 million RMB, which was dismissed in the first instance[166]. - Another lawsuit involved a claim of 10.7 million RMB, which is currently being consolidated with other cases[166]. - The company has not reported any significant litigation or arbitration matters that would impact its financial position[165]. - The company has not undergone any bankruptcy reorganization during the reporting period[165].