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 for the year, with a cash dividend of 1 RMB per 10 shares distributed to shareholders[4]. - The company's operating revenue for 2022 was CNY 12,064,434,647.04, representing a 6.89% increase compared to CNY 11,287,107,272.03 in 2021[6]. - The net profit attributable to shareholders decreased by 41.03% to CNY 290,668,572.97 from CNY 492,885,675.69 in the previous year[6]. - The net profit after deducting non-recurring gains and losses was CNY 183,542,144.23, down 60.97% from CNY 470,232,233.96 in 2021[6]. - Basic earnings per share fell by 47.92% to CNY 0.25 from CNY 0.48 in the previous year[6]. - The total signed contract amount reached CNY 18,721 million, marking a historical high with a year-on-year growth of 0.72%[64]. - 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 gross margin for 2022 was reported at 35%, maintaining stability compared to the previous year[174]. Dividend Distribution - The company plans to distribute a total of 1,149,598,194 shares as the basis for the dividend distribution, excluding repurchased shares[4]. - The company distributed a cash dividend of RMB 1 per 10 shares, totaling RMB 114,959,819.40, based on a total share capital of 1,149,598,194 shares[199]. - No cash dividend distribution plan was proposed despite the profitability[200]. - The company plans to distribute 1 yuan per 10 shares as a cash dividend (including tax)[200]. - No stock dividends were proposed, with 0 shares allocated per 10 shares[200]. Business Operations - The company has not reported any changes in its main business since 2015, maintaining its focus on polyester fiber production and sales through its subsidiary Southeast New Materials[17]. - The company operates multiple wholly-owned subsidiaries, including Southeast Steel Structure Co., Ltd. and Southeast New Materials Co., Ltd., contributing to its diversified business model[10]. - The company has established several new subsidiaries in 2022, including Southeast Longyan Company with a 51% stake and Southeast Green Energy Company with a 100% stake[86]. - The company has achieved a design capacity of 500,000 tons of differentiated functional polyester fiber products annually in its chemical fiber segment[46]. - The company has been recognized with numerous awards, including 51 Luban Awards and 120 China Steel Structure Gold Awards, showcasing its industry leadership[42]. Market and Industry Trends - The company anticipates continued high demand for infrastructure investment, driven by government policies and major projects under the "14th Five-Year Plan"[28]. - The construction industry in China saw a total output value of CNY 31.2 trillion in 2022, with a year-on-year growth of 6.5%[28]. - The company is focusing on the advantages of prefabricated steel structures in achieving carbon neutrality goals in the construction sector[30]. - The company is positioned to benefit from the increasing adoption of steel structure buildings, with the current market penetration of steel structure residential projects in China being less than 5%, compared to nearly 50% in developed countries, indicating significant growth potential[34]. - The chemical fiber industry is experiencing a downward trend due to global economic pressures, with challenges such as high price volatility and declining terminal demand affecting profitability[38]. Research and Development - The company is committed to digital transformation, with a target of achieving an 80% digital management adoption rate and an 80% numerical control rate in key processes[37]. - The company has created multiple innovation platforms and collaborates with several prestigious universities to enhance its research and development capabilities[58]. - 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 focusing on the integration of prefabricated steel structures with energy-efficient and environmentally friendly designs[92]. - The company's R&D investment increased by 14.08% to ¥459,265,886.41 in 2022, representing 3.81% of total revenue[94]. Risk Management - The company has outlined potential risks and countermeasures in its future development outlook section, emphasizing the importance of risk awareness for investors[4]. - The company faces macroeconomic cycle risks that could impact its long-term development, particularly in fixed asset investment and infrastructure construction[140]. - The company is exposed to significant risks from fluctuations in raw material prices, particularly steel, which constitutes a high proportion of its main business costs[142]. - The company has established a comprehensive accounts receivable management system to enhance project management and contract performance, aiming to improve accounts receivable turnover rate[146]. Corporate Governance - The company strictly adheres to the regulations set forth by the Company Law and the Securities Law, ensuring compliance with governance standards[152]. - The board of directors operates under strict rules to ensure objective and scientific decision-making[153]. - The company has emphasized the importance of maintaining a robust accounts receivable collection process as part of its overall financial strategy[146]. - The management team effectively coordinates and supervises various departments to ensure the company's operational goals are met[155]. - The company has a diverse board with members holding various professional backgrounds and experiences in engineering and economics[165]. Future Outlook - The company aims to achieve a revenue target of 1.5 billion RMB for 2023, reflecting a growth forecast of 25%[174]. - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[179]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2025[174]. - The company aims to implement a dual-engine development strategy of "EPC general contracting + No. 1 project" to enhance its market position in differentiated and specialized brand projects[131].