东南网架(002135) - 2022 Q4 - 年度财报

Financial Performance - The company reported a total revenue of 1,165,549,740 shares, with a cash dividend of 1 RMB per 10 shares (including tax) for all shareholders [4]. - The company's operating revenue for 2022 was approximately ¥12.06 billion, an increase of 6.89% compared to ¥11.29 billion in 2021 [18]. - The net profit attributable to shareholders decreased by 41.03% to approximately ¥290.67 million from ¥492.89 million in 2021 [18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 60.97% to approximately ¥183.54 million from ¥470.23 million in 2021 [18]. - The basic earnings per share decreased by 47.92% to ¥0.25 from ¥0.48 in 2021 [18]. - The total revenue for Zhejiang Southeast Steel Structure Co., Ltd. in 2022 was approximately CNY 12.06 billion, representing a year-on-year increase of 6.89% from CNY 11.29 billion in 2021 [72]. - The chemical fiber industry saw a decline in revenue by 13.63%, totaling CNY 2.67 billion, down from CNY 3.09 billion in 2021 [72]. - The company reported a significant increase in engineering contracting revenue, which rose by 66.51% to CNY 3.10 billion [73]. - The company reported a total of RMB 2,826.53 million in remaining raised funds, including interest income after deducting fees [111]. Cash Flow and Investments - The net cash flow from operating activities was negative at approximately -¥1.17 billion, a decline of 165.67% compared to -¥440.35 million in 2021 [18]. - The total cash inflow from investment activities increased by 231.54% to ¥618,202,963.70 in 2022, while cash outflow decreased by 52.84% to ¥229,935,886.44 [94]. - The company reported a net cash flow from investment activities of ¥388,267,077.26, a significant improvement from -¥301,125,435.97 in 2021 [95]. - The company faced significant cash flow challenges due to increased payments and the absence of last year's non-public offering [95]. - The total investment amount for the reporting period was ¥500,145,932.07, representing a year-on-year increase of 122.95% compared to ¥224,334,067.93 in the same period last year [102]. Business Operations and Strategy - The company has expanded its business into polyester fiber production and sales since 2015, increasing its product offerings [17]. - The company operates six manufacturing bases in Zhejiang, Guangdong, Sichuan, and Tianjin, forming a domestic marketing network across six major regions [40]. - The company is transitioning from specialized subcontracting to EPC (Engineering, Procurement, and Construction) contracting, enhancing its economic returns and cash flow [45]. - The company aims to become the leading brand in green low-carbon prefabricated steel structure buildings in China, focusing on hospitals, schools, and public buildings [46]. - The company has established partnerships with over 10 design institutes and firms to promote collaborative innovation in prefabricated steel structure projects [50]. - The company is committed to the "dual carbon" development strategy, expanding its presence in the photovoltaic building integration market through a combined approach of prefabricated construction and EPC services [138]. Market Trends and Industry Insights - The construction industry in China saw a total output value of approximately ¥31.2 trillion in 2022, growing by 6.5% year-on-year [28]. - The government plans to maintain high levels of infrastructure investment, which is expected to support the construction sector's growth in the coming years [29]. - The proportion of prefabricated buildings in new construction is expected to exceed 30% by 2025, with a target of 40% for steel structure buildings within that category [33]. - The chemical fiber industry is projected to achieve an annual growth rate of 5% in industrial added value for large-scale enterprises by 2025 [37]. - The steel structure industry is characterized by a "large industry, small companies" dynamic, with increasing competition leading to higher industry concentration [125]. Research and Development - The company has developed a unique prefabricated steel structure technology system suitable for various projects, including hospitals and schools, and has accumulated significant project experience in these areas [52]. - The company has created multiple innovation platforms and collaborates with several prestigious universities to enhance its research and development capabilities [58]. - In 2022, the company's R&D investment amounted to ¥459,265,886.41, representing a 14.08% increase compared to ¥402,578,878.21 in 2021, and accounting for 3.81% of total revenue [94]. - The company is currently conducting research on digital simulation pre-assembly technology for steel structures, which aims to significantly reduce construction time and costs [91]. - The company is exploring the application of digital factory intelligent welding technology to improve welding efficiency and precision [92]. Corporate Governance and Management - The company maintains independence from its controlling shareholder in terms of business operations, assets, personnel, and financial management [157]. - The company has established a complete and independent business system, allowing it to operate without reliance on its controlling shareholder [157]. - The board of directors operates under established rules, ensuring objective and scientific decision-making [153]. - The company emphasizes transparent information disclosure and investor relations through multiple communication channels [155]. - The management team includes experienced professionals with significant industry expertise, contributing to the company's strategic direction [165]. Employee and Workforce Management - The total number of employees at the end of the reporting period was 6,268, with 1,144 in the parent company and 5,124 in major subsidiaries [196]. - The company has a total of 3,870 production personnel, 1,072 technical personnel, and 105 sales personnel, reflecting a diverse workforce [196]. - The training plan for employees includes various aspects such as employee quality, vocational skills, and production safety management [198]. - The company has a structured approach to employee training, combining external recruitment and internal development [198]. - The company emphasizes a flexible and growth-oriented salary policy, closely tied to its operational performance and annual performance evaluations [197].