AECC AEC(SZ:000738)2023-03-28 16:00Financial Performance - The company's operating revenue for 2022 was ¥4,941,641,938.38, representing an increase of 18.88% compared to ¥4,156,777,896.56 in 2021[13]. - The net profit attributable to shareholders for 2022 was ¥688,396,329.57, a 41.18% increase from ¥487,614,039.82 in 2021[13]. - The net profit excluding non-recurring gains and losses for 2022 was ¥601,731,721.81, up 29.14% from ¥465,947,322.33 in 2021[13]. - The basic and diluted earnings per share for 2022 were both ¥0.52, reflecting a 30.00% increase from ¥0.40 in 2021[13]. - Total assets at the end of 2022 were ¥15,031,748,498.98, an increase of 6.04% from ¥14,175,565,532.59 at the end of 2021[13]. - The net assets attributable to shareholders at the end of 2022 were ¥11,167,571,110.56, up 5.95% from ¥10,540,299,006.28 at the end of 2021[13]. - The total profit reached CNY 79,448.77 million, an increase of 33.37% compared to the previous year[24]. - Net profit attributable to shareholders was CNY 68,839.63 million, reflecting a growth of 41.18% year-on-year[24]. - The company reported a total revenue of 10 billion RMB for the fiscal year 2022, representing a year-over-year increase of 15%[83]. - The net profit for 2022 was 1.5 billion RMB, which is a 20% increase compared to the previous year[83]. Cash Flow and Investments - The company's cash flow from operating activities for 2022 was ¥789,240,485.42, a decrease of 11.73% compared to ¥894,149,253.41 in 2021[13]. - Operating cash inflow totaled CNY 4,933,143,421.97, an increase of 10.56% year-on-year[38]. - Operating cash outflow amounted to CNY 4,143,902,936.55, reflecting a 16.14% increase year-on-year[38]. - Investment cash inflow surged to CNY 3,775,251,682.17, a staggering increase of 261,345.30% year-on-year[38]. - Net cash flow from investment activities improved by CNY 3,196,913,885.39, a 96.78% increase year-on-year[38]. - Cash and cash equivalents increased by CNY 653,917,736.72, a decline of 36.54% year-on-year[38]. - The total amount of committed investment projects is CNY 336,982.5 million, with a cumulative investment of CNY 126,303.9 million, representing 37.4% of the total commitment[53]. - The cash acquisition of assets from China Aviation Power Control Technology Co., Ltd. has been completed with a 100% investment progress, amounting to CNY 19,637.5 million[53]. Research and Development - Research and development expenses amounted to CNY 18,474.95 million, up 21.63% from the previous year[24]. - The company holds 502 valid patents, including 50 newly granted invention patents during the reporting period[22]. - The company's R&D expenses increased by 21.63% year-on-year, totaling ¥184,749,522.31, representing 3.74% of operating income[36]. - Total R&D investment in 2022 was 618.39 million yuan, with self-funded R&D accounting for 184.75 million yuan[128]. - The company applied for 154 patents in 2022, including 143 invention patents, and received 65 patent authorizations[128]. Shareholder Information - The company reported a profit distribution plan to distribute a cash dividend of 0.53 CNY per 10 shares (including tax) based on a total of 1,315,184,001 shares[2]. - The company distributed a total profit of ¥59,183,280.04 to shareholders, with a remaining undistributed profit of ¥496,471,298.78 carried over to the next year[102]. - The cash dividend policy was approved, with a distribution of ¥0.53 per 10 shares, resulting in a total cash dividend of ¥69,704,752.05, which accounts for 100% of the total profit distribution[103]. - The company's net profit for the year was ¥228,896,411.48, with a legal surplus reserve of ¥22,889,641.15 deducted, leaving a distributable profit of ¥702,478,069.11 at year-end[104]. Corporate Governance - The company has received an A-level rating for information disclosure from the Shenzhen Stock Exchange for three consecutive years, indicating strong compliance with disclosure obligations[67]. - The company has held six board meetings and reviewed 34 proposals, ensuring compliance with governance regulations and maintaining shareholder rights[66]. - The company has been recognized for its investor relations efforts, receiving awards for best practices in annual report presentations and effective communication with institutional investors[67]. - The company is committed to maintaining its governance structure in compliance with regulatory requirements[68]. - The company reported a change in senior management, with three executives resigning due to work-related reasons, including the Vice General Manager and the Chief Financial Officer[74]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[112]. - China Aviation Power Control Technology completed one environmental impact assessment project in 2022, ensuring compliance with national regulations[114]. - The total annual discharge for China Aviation Power Control Technology includes 15.39 tons of COD, 1.93 tons of ammonia nitrogen, 0.0001 tons of hexavalent chromium, and 0.002 tons of total chromium, all within regulatory limits[115]. - The noise control facilities and painting workshop exhaust treatment facilities were newly added in 2022, enhancing the environmental management capabilities of China Aviation Power Control Technology[118]. - China Aviation Honglin ensured 100% compliance in electroplating wastewater discharge after investing CNY 280,000 in online monitoring operations[122]. Market Strategy and Future Outlook - The company aims for a revenue target of 545 million yuan for the year 2023, which is an estimated value and not a commitment to investors[62]. - The company plans to enhance its core capabilities in the aviation engine control system industry, focusing on high-quality development and innovation[62]. - The company will accelerate technological self-reliance and innovation, aiming to shorten the gap with international advanced levels in key technologies[62]. - The international civil aviation market is expected to recover, leading to an increase in the quantity and value of engine control systems[61]. - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development and strategic initiatives[76].