MEP(SZ:000993)2023-03-30 16:00Financial Performance - The company's operating revenue for 2022 was ¥732,138,725.53, representing a 25.57% increase compared to ¥583,046,446.16 in 2021[24]. - The net profit attributable to shareholders for 2022 was ¥183,962,586.63, a 53.12% increase from ¥120,143,222.59 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥125,204,963.57, up 80.16% from ¥69,498,165.57 in 2021[24]. - The basic earnings per share for 2022 was ¥0.40, an increase of 53.85% compared to ¥0.26 in 2021[24]. - The total assets at the end of 2022 were ¥4,433,906,134.12, a 2.16% increase from ¥4,340,276,025.75 at the end of 2021[24]. - The net assets attributable to shareholders at the end of 2022 were ¥2,215,595,511.22, reflecting a 9.06% increase from ¥2,031,539,915.04 in 2021[24]. - The cash flow from operating activities for 2022 was ¥381,806,706.73, a decrease of 40.54% compared to ¥642,093,098.32 in 2021[24]. - The weighted average return on equity for 2022 was 8.66%, up from 6.09% in 2021, indicating improved profitability[24]. - The company reported a total share capital of 457,951,455 shares, unchanged from the previous year[24]. - The company's total revenue for 2022 reached approximately 58.76 million, compared to 50.65 million in 2021, marking an increase of 15.5% year-over-year[31]. - The company achieved operating revenue of 732.14 million yuan, an increase of 149.09 million yuan or 25.57% compared to the previous year[41]. - Operating profit reached 199.65 million yuan, up by 76.64 million yuan or 62.30% year-on-year[41]. - Net profit attributable to the parent company was 183.96 million yuan, an increase of 63.82 million yuan or 53.12% from the previous year, mainly due to increased sales revenue[41]. - The company reported a total revenue of 10 billion CNY for the year 2022, representing a year-on-year increase of 5%[120]. - The company reported a total revenue of 824.04 million CNY for the year, reflecting a significant increase compared to the previous year[172]. Revenue Sources - The revenue from the electric power sector was ¥566,808,335.03, accounting for 77.42% of total revenue, with a year-on-year increase of 6.97%[55]. - The real estate sector saw a significant revenue increase of 250.67%, reaching ¥156,589,714.25, up from ¥44,654,576.37[55]. - The real estate segment generated operating revenue of 15.66 million yuan, a significant increase of 11.19 million yuan compared to the previous year, primarily due to the completion of property handovers[40]. - Real estate sales surged by 2,072.96%, generating 105,732,710 CNY in 2022 compared to 15,431,274.3 CNY in 2021, making up 25.35% of total operating costs[62]. Operational Efficiency - The average utilization hours for power plants improved to 2,567 hours, compared to 2,405 hours in the previous year, indicating enhanced operational efficiency[49]. - The company has established remote control for six hydropower stations, enhancing operational efficiency[43]. - The company has improved its internal control and financial management systems, focusing on optimizing key business processes[44]. - The company implemented a financial management system that reduced financial expenses by 40.88% to 28.08 million yuan[41]. - The company is focusing on expanding its market presence and enhancing its operational capabilities through strategic investments and partnerships[125]. - The company is focusing on self-owned projects with unlimited investment potential in the energy sector[90]. Market Position and Development - The company has a strong market position supported by local government and possesses development resources for offshore wind power despite the depletion of hydropower resources in the region[36]. - The company completed a total of 52,543.4 billion kWh in market transactions nationwide in 2022, a 39% increase year-over-year, indicating a growing market presence[38]. - The company is actively developing new energy projects, including solar and wind power, with ongoing construction of multiple projects[45]. - The company has established strategic cooperation agreements with six counties for renewable energy projects, including solar initiatives[50]. - The company is committed to enhancing its renewable energy capacity through new project developments[90]. - The company is exploring the feasibility of pumped storage and power station renovations to enhance energy storage and resource utilization[109]. - The company is prioritizing the acquisition and development of offshore wind resources in the Ningde area due to limitations on onshore wind projects[109]. Legal and Compliance Issues - The company is involved in a lawsuit with a claim amount of 16.89 million yuan, with a court ruling requiring repayment of the principal and interest[171]. - The company has been ordered to bear 16.6% of the supplementary compensation responsibility due to the inability of the debtor to repay[171]. - The company is also involved in a dispute with a claim amount of 4.05 million yuan, which has seen the resumption of enforcement proceedings[171]. - The company has faced multiple legal challenges, including a total of 1.39 million yuan in claims that have been concluded by the court[171]. - The company has been ordered to repay a total of 9,912,200 yuan in principal amounts as part of its legal obligations[173]. - The company has been actively involved in legal proceedings since 2018, with multiple cases still ongoing[173]. Governance and Management - The company emphasizes the importance of internal control and governance, enhancing the capabilities of its board and management through training[113]. - The company was rated A level in investor relations management by the Fujian Provincial Association of Listed Companies for the 2021-2022 period[115]. - The company has established multiple channels for investor communication, including dedicated phone lines and an interactive platform, enhancing engagement with investors[115]. - The company held three temporary shareholder meetings in 2022, with investor participation rates of 58.90%, 56.89%, and 55.92% respectively[119]. - The company has committed to maintaining clear asset ownership and avoiding significant legal flaws in its operations[118]. - The company has established partnerships with major media outlets to ensure smooth external communication[115]. Employee and Social Responsibility - The total number of employees at the end of the reporting period was 1,728, with 1,300 at the parent company and 428 at major subsidiaries[146]. - The company has not proposed any cash dividend distribution plan for the reporting period despite having positive distributable profits[149]. - The company invested a total of 1.36 million yuan in various assistance and public welfare funds for rural revitalization in 2022[160]. - The company provided financial support to several villages and communities, contributing to local infrastructure and public donation activities[161]. - Eight senior executives were assigned to assist 15 impoverished households in Fengtou Town, achieving poverty alleviation for all[161]. Future Outlook - The company plans to expand its market presence by increasing its renewable energy projects by 20% in the next fiscal year[121]. - The company aims to achieve a net profit margin of 10% by the end of 2023, up from 8% in 2022[120]. - The company plans to invest in new technologies to enhance operational efficiency and reduce costs[131]. - The company aims to achieve a revenue growth target of 10% for the next fiscal year, driven by increased demand in the energy market[172]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its portfolio[172].