CITC(SZ:002190)2023-03-14 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,524,350,387.40, representing a 20.21% increase compared to ¥1,268,117,581.97 in 2021[18]. - The net profit attributable to shareholders for 2022 was ¥58,416,227.53, a 4.82% increase from ¥55,728,438.41 in 2021[18]. - The net profit after deducting non-recurring gains and losses was ¥38,662,754.21, up 23.47% from ¥31,313,177.21 in the previous year[18]. - The net cash flow from operating activities increased by 76.38% to ¥87,904,457.15 from ¥49,839,153.84 in 2021[18]. - The total assets at the end of 2022 were ¥4,766,452,988.87, a decrease of 33.62% from ¥7,180,109,089.00 at the end of 2021[18]. - The net assets attributable to shareholders decreased by 40.21% to ¥3,243,276,849.24 from ¥5,424,385,495.27 in 2021[18]. - The basic earnings per share for 2022 were ¥0.1628, reflecting a 4.83% increase from ¥0.1553 in 2021[18]. - The company achieved a total revenue of CNY 1,524.35 million in 2022, representing a year-on-year growth of 20.21%[39]. - Sales revenue from tooling and automotive parts reached CNY 1,325.71 million, up 21.54% compared to the previous year, driven by increased customer orders[39]. - The company's gross profit margin decreased to 13.43%, down 4.57 percentage points from the previous year, primarily due to intensified competition in the automotive mold industry[39]. Operational Highlights - The company achieved a revenue of 2,686.4 million vehicles sold in 2022, representing a year-on-year growth of 2.1%[29]. - The production and sales of new energy vehicles reached 688.7 million units in 2022, with a significant year-on-year increase of 93.4%[29]. - The company’s automotive body parts business is primarily supported by its subsidiaries, with a stable partnership with Chery Automobile[30]. - The company’s international market orders for mold business reached a new high in 2022, indicating successful overseas expansion[32]. - The aviation parts industry is projected to reach a market size of 67.1 billion yuan in 2023, presenting growth opportunities for the company[31]. - The company has established a new HFQ production line, which has begun small batch sample production, enhancing its production capabilities[30]. - The company’s new aviation component assembly qualification is expected to drive positive growth trends in its aviation parts business[33]. - The company anticipates a 3% growth in automotive sales in China for 2023, with new energy vehicle sales projected to reach 9 million units, a 35% increase year-on-year[29]. Research and Development - Research and development expenses increased by 19.46% to ¥64,996,043.06, indicating a focus on innovation and product development[50]. - The number of R&D personnel rose by 13.21% to 240 in 2022 from 212 in 2021, with a slight decrease in the proportion of R&D personnel to total staff from 18.35% to 18.05%[53]. - The company completed preliminary verification of several R&D projects aimed at improving production efficiency and reducing costs, including advancements in automotive and aerospace manufacturing technologies[52]. - The company aims to enhance the precision of CNC machining and assembly efficiency through the development of new tools and measurement software[52]. - The company is focusing on reducing mold costs and production errors through innovative technologies in stamping and machining processes[52]. Market and Sales Strategy - The company is focusing on high-end models and new energy vehicles, which present significant growth opportunities despite increasing market competition[79]. - The company has identified the need for technological advancements and cost control in response to rising customer demands for production cycles and product quality[80]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million yuan allocated for potential deals[100]. - A new marketing strategy is being implemented, focusing on digital channels, which is expected to increase customer engagement by 30%[100]. - The company plans to enhance development quality, improve operational capabilities, and strengthen talent and quality control in 2023[83]. Risk Management - The company faces risks including "two funds management" risks, cost risks, and foreign business risks[4]. - The company faces risks related to accounts receivable, with a balance of approximately 440 million yuan, and high inventory levels due to paused projects since 2019[85]. - Cost risks are increasing due to rising raw material prices and labor costs amid China's economic transition to high-quality development[85]. - The company is expanding its overseas mold business, which introduces risks related to cultural, legal, and compliance issues[85]. Governance and Compliance - The company has established a robust governance structure, ensuring compliance with relevant laws and regulations, and maintaining operational independence from its controlling shareholder[90][91]. - The company has established an independent accounting system and internal control procedures compliant with public company requirements, covering areas such as investment management and fixed asset management[92]. - The internal control and risk management system was effectively maintained, with no significant internal control deficiencies reported[126]. - The company conducted a comprehensive risk identification process and implemented corrective measures for identified internal control deficiencies[122]. - The company's governance self-inspection indicated no issues related to governance compliance, aligning with regulatory requirements[126]. Environmental Responsibility - The company's environmental protection expenditure amounted to RMB 136,100, including investments in pollution control facilities[131]. - The company paid an environmental protection tax of RMB 2,000 during the reporting period[131]. - The company completed the environmental protection "three simultaneous" acceptance for the new factory project in December 2022[130]. - The company has implemented a dynamic monitoring system for environmental detection, achieving real-time monitoring[131]. - The company actively promotes employee awareness of environmental protection and compliance with relevant laws and regulations[131]. Shareholder Information - The company plans to distribute a cash dividend of ¥0.5 per 10 shares, based on a total of 358,729,343 shares[4]. - The total pre-tax remuneration for directors, supervisors, and senior management in 2022 was CNY 7.3785 million, an increase of 55.45% compared to 2021[105]. - The largest shareholder, China Aviation Industry Group Co., Ltd., holds 50.17% of the shares, totaling 179,959,663 shares[171]. - The company reported a total of 33,753 common shareholders at the end of the reporting period[171]. - The company distributed cash dividends of 17,936,467.15 yuan for the 2021 fiscal year, with a dividend of 0.5 yuan per 10 shares[119].