Gold Mantis(SZ:002081)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was ¥21.81 billion, a decrease of 14.03% compared to ¥25.37 billion in 2021[21]. - The net profit attributable to shareholders in 2022 was ¥1.27 billion, representing a significant increase of 125.71% from a loss of ¥4.95 billion in 2021[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1.01 billion, up 120.37% from a loss of ¥4.98 billion in 2021[21]. - The net cash flow from operating activities was ¥302.19 million, down 62.86% from ¥813.57 million in 2021[21]. - The basic earnings per share for 2022 was ¥0.48, a recovery from a loss of ¥1.85 per share in 2021, marking a 125.95% increase[22]. - The total assets at the end of 2022 were ¥37.04 billion, a decrease of 3.01% from ¥38.19 billion at the end of 2021[22]. - The net assets attributable to shareholders increased by 12.52% to ¥12.50 billion from ¥11.11 billion at the end of 2021[22]. - The company reported a weighted average return on equity of 10.78%, a significant recovery from -35.36% in 2021[22]. - The company received government subsidies amounting to ¥32.25 million in 2022, compared to ¥19.62 million in 2021, indicating a 64.56% increase[29]. - Total operating revenue for 2022 was ¥21,813,290,884.62, a decrease of 14.03% compared to ¥25,374,151,840.65 in 2021[50]. - The construction decoration industry accounted for 94.83% of total revenue, with a revenue of ¥20,685,061,551.21, down 15.85% year-over-year[50]. - The manufacturing sector saw a significant increase in revenue by 64.06%, reaching ¥905,029,470.90, up from ¥551,632,958.31 in 2021[50]. - The gross profit margin for the construction decoration industry was 15.47%, a slight decrease of 0.28% from the previous year[53]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders, based on a total share count of 2,628,386,237 shares after deducting repurchased shares[4]. - The company reported a cash dividend of RMB 1 per 10 shares, totaling RMB 262,838,623.70, which represents 100% of the total profit distribution amount[131]. - The total distributable profit for the company is RMB 6,871,371,486.14[131]. - The company's profit distribution policy aims to ensure a sustainable return to shareholders, with a minimum cash distribution of 10% of the distributable profit for the year[133]. - The company has maintained a consistent and stable profit distribution policy, considering operational performance and investment needs[130]. - The cash dividend distribution is compliant with the company's articles of association and shareholder resolutions[131]. - The company emphasizes the importance of protecting the rights of minority shareholders in the profit distribution process[131]. Risk Management - The company acknowledges potential risks including macroeconomic fluctuations, accounts receivable bad debt, market competition, and management risks associated with business expansion[4]. - The company emphasizes the importance of risk awareness regarding forward-looking statements related to future plans and development strategies[4]. - The company has strengthened risk management by ceasing to undertake projects from clients with significant payment defaults and focusing on cash flow-positive projects[40]. - The company emphasizes the importance of risk control, particularly regarding accounts receivable, which represent a significant portion of total assets, and aims to improve cash flow management[89]. - The company anticipates potential risks from macroeconomic fluctuations, which could affect demand for public building decoration services[89]. - The company emphasizes the need for enhanced management capabilities due to ongoing business expansion, focusing on risk prevention and efficiency improvements[90]. Business Operations and Strategy - The company has a diversified business scope, including international construction and decoration projects[19]. - The company has established various subsidiaries to enhance its operational capabilities in different sectors[12]. - The company has a diverse business model, including interior decoration, curtain walls, landscape design, soft decoration, furniture, and electromechanical equipment installation, with the highest qualification levels in the industry[38]. - The company has been actively involved in urban renewal projects, which have injected new vitality and demand into the building decoration industry[34]. - The company aims to expand into emerging business types, particularly in EPC, medical purification, and urban renewal sectors, while enhancing management models[42]. - The company is pushing for digital management transformation, upgrading project management systems to improve efficiency and decision-making support[42]. - The company is focusing on market expansion in key regions with growth potential, aiming to increase market share through targeted customer engagement[87]. - The company recognizes the competitive landscape in the construction decoration industry and is adapting its strategies to maintain market share amidst changing dynamics[89]. Technological Innovation - The company has a strong focus on technological innovation, particularly in areas such as BIM technology and green building practices, aligning with national policies on carbon reduction and energy efficiency[34]. - The company has established a comprehensive BIM management system to enhance project design and construction accuracy[67]. - The company is developing a new integrated waterproof base technology aimed at eliminating leakage issues in bathrooms[66]. - The company is advancing the development of lightweight dry heating modules to improve heating efficiency and reduce installation time[66]. - The company is working on energy-saving internal insulation wallboard products to enhance the integration of construction processes[66]. - The company has obtained over 430 invention patents, emphasizing its commitment to innovation in new materials and construction techniques[47]. - The company is focusing on the development of new products, particularly in the field of digital technology and smart construction solutions[103]. Governance and Compliance - The company maintained good governance practices, adhering to relevant laws and regulations, and ensuring transparency in operations[94]. - The board of directors consists of nine members, including three independent directors, ensuring compliance with governance standards[95]. - The company has established a robust internal control system to manage financial reporting, related transactions, and project management effectively[96]. - The company operates independently from its controlling shareholder, with no instances of fund occupation or guarantees provided to the controlling shareholder[98]. - The company has established a performance evaluation mechanism for senior management, linking compensation to job responsibilities and performance outcomes[145]. - The internal control system was updated and improved to effectively prevent operational risks and achieve internal control objectives[146]. - The company reported no major environmental issues or administrative penalties related to environmental problems during the reporting period[152]. - The company has committed to strict compliance with national and local environmental laws and regulations moving forward[152]. Legal Disputes - The company is currently involved in several lawsuits with a total claimed amount of approximately 6,136 million RMB, with outcomes still pending[164]. - The company is facing a construction contract dispute with Zhejiang Kunlun Construction Group, which is still in court proceedings[165]. - The company is actively managing its legal disputes to mitigate potential financial impacts[165]. - The company has ongoing disputes with multiple parties, with uncertain impacts on future profits pending court rulings[165]. - The company is currently involved in a case with Shijiazhuang Anyue Hotel Co., Ltd., with a potential impact of RMB 5.29798 million on future profits[165]. - The company is monitoring the outcomes of various legal disputes that could affect its financial performance in the upcoming periods[166]. - The company is focused on ensuring compliance with court judgments to secure payments and mitigate potential losses from ongoing disputes[167]. Employee and Talent Development - The total number of employees at the end of the reporting period is 12,305, with 7,232 from the parent company and 5,073 from major subsidiaries[126]. - The professional composition includes 4,431 production personnel, 602 sales personnel, 4,748 technical personnel, 261 financial personnel, 368 administrative personnel, 1,390 budget personnel, and 505 others[126]. - The company has implemented a mixed training approach to enhance employee skills and management capabilities, contributing to its internal talent development[130]. - The company is focused on building a talent pool to support transformation and innovation in the construction decoration industry[130]. Market Expansion and Future Outlook - The company plans to expand its market presence and enhance its product offerings through new technology development and strategic acquisitions[103]. - The company is targeting growth in sectors such as new energy, high-end equipment manufacturing, and artificial intelligence, aiming to establish long-term client relationships in these rapidly developing industries[87]. - The company plans to expand its market presence by entering three new provinces in 2023, aiming for a 10% increase in market share[193]. - The company has set a performance guidance for 2023, targeting a revenue growth of 20% year-over-year[193]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the market[103].