CHINA WUYI(SZ:000797)2023-04-11 16:00Financial Performance - The company's operating revenue for 2022 was ¥7,315,195,597.41, a decrease of 15.59% compared to ¥8,666,738,972.06 in 2021[19]. - The net profit attributable to shareholders for 2022 was ¥30,447,748.19, down 43.21% from ¥53,614,123.21 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥22,526,150.76, a decrease of 27.02% from ¥30,866,241.14 in 2021[19]. - The net cash flow from operating activities was ¥641,355,271.61, down 15.10% from ¥755,405,498.84 in 2021[19]. - The total assets at the end of 2022 were ¥22,906,439,078.97, an increase of 7.82% from ¥21,245,850,096.80 at the end of 2021[19]. - The company's basic earnings per share for 2022 were ¥0.0194, a decrease of 43.11% from ¥0.0341 in 2021[19]. - The weighted average return on equity was 0.59%, down 0.42% from 1.01% in 2021[19]. - The company reported a total of ¥7,921,597.43 in non-recurring gains and losses for 2022, compared to ¥22,747,882.07 in 2021[25]. - The company achieved total operating revenue of 7.315 billion yuan, a year-on-year decrease of 15.59%[66]. - Net profit attributable to shareholders was 30.45 million yuan, down 43.21% compared to the previous year[66]. Dividend Distribution - The company plans to distribute a cash dividend of 0.1 RMB per 10 shares to all shareholders based on a total share capital of 1,570,754,217 shares as of December 31, 2022[3]. - A cash dividend of CNY 0.10 per share (including tax) was distributed to shareholders, totaling CNY 15,707,542.17, which represents 100% of the profit distribution amount[165]. Business Stability and Operations - The company has not reported any changes in its main business operations since its listing, indicating stability in its business model[18]. - The company has not experienced any changes in its controlling shareholders, reflecting stability in its ownership structure[18]. - The company has maintained its registered address and contact information, ensuring consistency in its corporate identity[15]. - The company continues to focus on its core business areas without significant market expansion or mergers and acquisitions reported in the current period[3]. Risk Management and Compliance - The company emphasizes the importance of accurate financial reporting and has confirmed the integrity of its annual report through its board and management[3]. - The report includes a detailed description of future risks and countermeasures, highlighting the company's commitment to transparency and risk management[3]. - The company is committed to adhering to regulatory requirements as outlined by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[12]. - The company aims to enhance its core competitiveness and risk resistance while promoting the development of its auxiliary business sectors[29]. International Engineering Contracting - The company faced significant challenges in the international engineering contracting industry due to geopolitical tensions and economic uncertainties, impacting its operational environment[30]. - In 2022, the company's international engineering contracting business revenue was 1.555 billion RMB, a decrease of 17.27% compared to the previous year[37]. - The company signed new contracts worth 2.573 billion RMB in 2022, an increase of 27.1%, achieving 107% of the annual target[38]. - The total output value for the year was 2.082 billion RMB, completing 101.93% of the annual plan[39]. - The company has 54 ongoing overseas projects with a total amount of 15.11 billion RMB, and the cumulative confirmed revenue is 5.983 billion RMB[42]. Real Estate Development - The real estate segment achieved a total sales area of 156,100 square meters and generated cash inflow of 4.92 billion yuan, with the Beijing Wuyi project contributing 3.944 billion yuan to the sales revenue[51]. - The real estate business covers various sectors including residential, commercial, and healthcare, with ongoing expansion into international markets such as Australia and Kenya[49]. - Real estate development revenue was 4.01 billion yuan, a decrease of 26.86% year-on-year, with a total investment of 4.755 billion yuan in the sector[67]. - The company has expanded its real estate projects into over 20 cities, including Beijing and Nanjing, enhancing its market presence[66]. Financial Management and Investments - The company reported a total financing balance of approximately RMB 8.52 billion, with bank loans accounting for RMB 5.81 billion at an interest rate range of 2.915%-7%[60]. - The company has maintained strong financing capabilities and has established good communication with domestic and international financial institutions[65]. - The company’s investment strategy has shifted, focusing on reducing investment amounts significantly compared to the previous year[98]. - The company reported a fair value change loss of ¥2,297,955 for trading financial assets, with a total of ¥15,327,200 remaining at the end of the period[96]. Corporate Governance and Management - The company has experienced changes in its board and management, with several appointments and resignations in 2022[138]. - The company is focusing on expanding its market presence and enhancing its management team to drive future growth[139]. - The company is committed to maintaining strong governance with independent directors and a diverse board composition[141]. - The company has a diverse management team with backgrounds in engineering, finance, and law, which supports its strategic initiatives[140]. Social Responsibility and Community Engagement - The company actively supports the rural revitalization strategy by establishing a "Rural Revitalization Council" and promoting entrepreneurship among returning villagers[181]. - Jiangfang Village has been selected as a "Provincial Rural Revitalization Pilot Village" as part of the company's efforts in poverty alleviation and rural development[181]. - The company has successfully linked resources to support livelihood projects such as water conservancy, roads, and healthcare in Jiangfang Village[181]. Future Outlook and Strategic Goals - The company aims to achieve a revenue of 8.7 billion yuan in 2023, with a total investment of 5.08 billion yuan planned for real estate project development[115]. - The company plans to start construction on 535,000 square meters and complete 544,000 square meters of projects in 2023[115]. - The company will focus on cost control and inventory reduction in the real estate sector to ensure profit stability and growth[116]. - The company aims to improve its ranking among global contractors while achieving significant breakthroughs in its operational management capabilities by 2025[114].