XNTS(SZ:000720)2023-04-24 16:00Financial Performance - The company's operating revenue for 2022 was ¥3,983,638,928.89, a decrease of 4.71% compared to ¥4,180,744,570.87 in 2021[24]. - The net profit attributable to shareholders for 2022 was -¥133,805,170.16, representing a decline of 41.83% from -¥94,344,476.27 in 2021[24]. - The basic earnings per share for 2022 was -¥0.1065, down 41.81% from -¥0.0751 in 2021[24]. - The company's net assets attributable to shareholders decreased by 4.98% to ¥2,554,071,832.69 at the end of 2022 from ¥2,687,806,572.94 at the end of 2021[24]. - The weighted average return on equity for 2022 was -5.11%, down from -3.45% in 2021[24]. - The company achieved a total operating revenue of CNY 398,363.89 million, with a net profit attributable to shareholders of CNY -13,380.52 million during the reporting period[59]. - The main business revenue decreased by 5.10% year-on-year to CNY 392,583.47 million, with a main business profit of CNY 4,234.30 million, down 50.82%[60]. - The company reported a total revenue of 50,576.39 million yuan, with a year-on-year increase of 13.10%[174]. Cash Flow and Assets - The net cash flow from operating activities improved to ¥26,035,927.30 in 2022, a significant increase of 103.67% compared to -¥709,955,436.04 in 2021[24]. - Total assets at the end of 2022 were ¥5,573,851,704.64, an increase of 1.11% from ¥5,512,619,797.40 at the end of 2021[24]. - Total assets at the end of 2022 included ¥2,900,907,225.40 in inventory, which accounted for 52.04% of total assets, an increase of 6.08% from the beginning of the year[81]. - Short-term borrowings increased to ¥1,814,098,424.15, representing 32.55% of total assets, up by 2.58%[81]. - The company reported a significant decrease in investment activities, with total investment amounting to ¥9,353,551.74, a decline of 95.33% year-on-year[86]. Shareholder Information - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[6]. - The company’s major shareholder, Huaneng Taishan Power Co., Ltd., holds 18.54% of the shares, while the largest state-owned asset management bureau previously held 29.33%[22]. - The largest shareholder, Huaneng Energy Transportation Industry Holding Co., Ltd., holds 23.26% of the shares, totaling 300,007,395 shares[200]. - The second largest shareholder, Nanjing Huaneng Southern Industry Development Co., Ltd., holds 17.36%, amounting to 223,910,769 shares[200]. Project Development - The company is focusing on the development of the Jiangshan Hui project, a key industrial park located in the core business district of Gulou District, Nanjing, covering an area of 5.3 square kilometers with over 5 million square meters of new construction planned[39]. - The Jiangshan Hui project will integrate commercial, office, apartment, hotel, and residential spaces, along with a large viewing platform, positioning it as a future landmark in the Gulou Riverside area[40]. - The Jiangshan Hui project has sold 83 out of 84 commercial units and 144 out of 663 parking spaces as of the reporting period[42]. - The total land area for the Jiangshan Hui project is 6.69 million square meters, with a total building area of 29.68 million square meters and a remaining developable area of 19.29 million square meters[44]. - The company is actively participating in the urban renewal initiatives in Nanjing, aligning with national strategies to enhance urban development and infrastructure[37]. Strategic Focus and Goals - The company aims to transform into a comprehensive asset management operator and a leading smart supply chain service provider, focusing on material supply chains, metallurgy, energy, and engineering distribution[39]. - The company is committed to enhancing its operational efficiency by integrating logistics, e-commerce, and supply chain financial services[39]. - The company is focusing on the collaborative development of industrial parks and comprehensive asset operations to drive high-quality growth[39]. - The company aims to enhance its smart supply chain services and accelerate resource integration in the green and low-carbon transition, positioning itself as a leading clean energy service provider[98]. - The company plans to optimize its asset management product service system and improve market competitiveness by enhancing its service offerings and operational capabilities[100]. Governance and Compliance - The company has established a robust governance structure, ensuring independence from its controlling shareholder in operations, personnel, assets, and finance[107]. - The company emphasizes compliance with relevant laws and regulations in its operations and decision-making processes[131]. - The company has completed the establishment of 45 internal control systems and revised 134 systems during the reporting period, enhancing its internal control framework[139]. - The company has maintained effective internal control over financial reporting as of December 31, 2022, according to the internal control audit report[143]. Research and Development - The company is investing 200 million RMB in R&D for new technologies aimed at improving energy efficiency[114]. - The company has a total of 38 authorized patents, including 13 valid utility model patents and 1 invention patent[56]. - The company’s R&D investment amounted to ¥1,276,043.71, representing 0.03% of operating revenue[77]. Social Responsibility - The company actively fulfilled social responsibilities and promoted consumption assistance work as part of its commitment to poverty alleviation[151]. - The company completed poverty alleviation consumption procurement totaling 1.3226 million yuan in 2022[151]. Market Expansion - The company is considering strategic acquisitions to enhance its market position, with a budget of 500 million RMB allocated for potential deals[114]. - Market expansion efforts include entering two new provinces by the end of 2023[114]. - The company is expanding its market presence, targeting new regions in Southeast Asia, with an estimated investment of 300 million yuan[164].