WINNOVATION(SZ:000620)2023-06-16 16:00Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the year 2022, representing a growth of 15% compared to the previous year[24]. - The company's operating revenue for 2022 was ¥5,253,081,386.31, a decrease of 38.91% compared to ¥8,598,781,556.35 in 2021[41]. - The net profit attributable to shareholders for 2022 was -¥3,416,210,554.31, showing an improvement of 12.25% from -¥3,892,974,439.56 in 2021[41]. - The net cash flow from operating activities was ¥665,683,388.66, down 76.78% from ¥2,866,592,138.81 in the previous year[41]. - The basic earnings per share for 2022 was -¥1.80, an improvement of 12.20% compared to -¥2.05 in 2021[41]. - The company's revenue after deducting certain amounts was ¥5,238,512,491.61 for 2022, compared to ¥8,567,274,104.88 in 2021[41]. - The weighted average return on equity was -357.39% in 2022, worsening from -84.02% in 2021[41]. - The company reported a decrease in cash flow from operating activities, indicating potential liquidity challenges[41]. - The company has faced uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profit figures over the last three years[41]. - The company reported a total of 6,197 employees at the end of the reporting period, with 92 in the parent company and 6,105 in major subsidiaries[79]. Future Outlook and Growth Strategy - The company has set a future outlook with a revenue target of 1.5 billion RMB for 2023, indicating an ambitious growth plan of 25%[24]. - New product development includes the launch of two major cultural tourism projects, expected to contribute an additional 300 million RMB in revenue in the upcoming year[24]. - The company is expanding its market presence by entering three new provinces, aiming to increase its footprint in the cultural tourism sector[24]. - A strategic acquisition of a local tourism company was completed, which is projected to enhance operational efficiency and add 100 million RMB to the annual revenue[24]. - The company has invested 50 million RMB in technology upgrades to improve customer experience and operational capabilities[24]. Governance and Compliance - The board has decided not to distribute cash dividends for the year, focusing instead on reinvestment into growth initiatives[16]. - The independent director received a warning from the regulatory authority due to a family member's short-term trading of the company's stock[62]. - The board of directors attended meetings regularly, with no objections raised regarding company matters during the reporting period[67]. - The audit committee held two meetings in 2022, reviewing the annual financial report and the half-year report[77]. - The company’s board of directors and supervisory board operated in compliance with legal regulations, ensuring the protection of shareholder rights[99]. - The company maintained a high level of transparency and compliance in its governance practices, including independent director oversight[99]. Employee and Training Initiatives - In 2022, the company organized 21 training sessions, training a total of 2,774 participants with an average satisfaction rate of 97.5%[82]. - The company implemented measures to enhance salary management, including optimizing total salary and controlling costs dynamically[81]. - The company effectively utilized online platforms for training, enhancing employee skills and retention strategies[82]. - The company has established a stable management structure across its full industry chain, including tourism, real estate, and hotel management[128]. - The company has implemented a comprehensive training system and incentive mechanisms to improve team performance and employee value[128]. Market and Sales Performance - The company achieved a signed sales area of 188,400 square meters and a sales amount of 2.26 billion yuan during the reporting period[137]. - The company recorded a settlement area of 329,400 square meters and a settlement amount of 3.81 billion yuan, providing essential support for its continuous development[137]. - The company introduced 34 new projects and developed 368 secondary consumption products across its scenic spots, enhancing operational revenue[137]. - The company focused on local tourism markets, launching various themed activities and achieving over 10 million yuan in live streaming sales throughout the year[137]. - The company engaged in multiple revenue-generating activities, including holiday packages and local tourism events, to enhance visitor engagement and revenue[137]. Financial Challenges and Risks - The company has identified potential risks related to market competition and regulatory changes, with strategies in place to mitigate these risks[5]. - The company reported a non-operating loss of 341.12 million yuan in 2022, compared to a loss of 540.85 million yuan in 2021[125]. - The company is planning to apply for reorganization due to an inability to pay due debts, indicating a significant financial restructuring ahead[111]. - The company has ongoing projects in various locations, with completion progress ranging from 5.00% to 100% across different developments[143]. - The total investment amount for the projects under construction is estimated at ¥2.6 billion, with cumulative investments reaching approximately ¥1.9 billion[143]. Revenue Breakdown - Revenue from real estate sales was ¥3,813,435,809.16, accounting for 72.59% of total revenue, down 43.19% from ¥6,712,653,654.85 in 2021[156]. - Revenue from the cultural tourism sector was ¥786,304,095.30, representing 14.97% of total revenue, a decline of 35.10% from ¥1,211,484,533.40 in 2021[156]. - The company achieved a revenue increase of 20.10% in Hunan province, with total revenue of ¥1,567,219,485.01[156]. - The company’s direct sales accounted for 66.02% of total revenue, while distribution sales made up 33.98%[159]. - The total area of completed real estate projects in 2022 was 30.73 million square meters, a decrease of 45.92% from 56.82 million square meters in 2021[165].