CRUN(SZ:002272)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,698,632,219.46, representing a 10.92% increase compared to ¥1,531,416,191.19 in 2021[21]. - The net profit attributable to shareholders decreased by 76.69% to ¥11,944,982.60 from ¥51,239,969.88 in the previous year[21]. - The basic earnings per share dropped by 76.84% to ¥0.0277 from ¥0.1196 in 2021[21]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a net loss of ¥25,563,578.55 in 2022[21]. - The weighted average return on net assets decreased to 0.82% from 3.60% in the previous year[21]. - The company achieved a revenue of RMB 1,698.63 million in 2022, representing a year-on-year growth of 10.92%[45]. - The net profit for the year was CNY 12.33 million, a significant decline of 78.88% compared to the previous year, while the net profit attributable to shareholders was CNY 11.95 million, down 76.69% year-on-year[54]. - The company's total revenue for 2022 was CNY 1,663,884,260.87, with a year-on-year increase of 10.74%[62]. Cash Flow and Investments - The net cash flow from operating activities improved by 39.39%, reaching -¥103,632,148.70, compared to -¥170,972,413.01 in 2021[21]. - Operating cash inflow totaled ¥1,119,278,527.70 in 2022, reflecting a 13.80% increase from ¥983,524,746.07 in 2021, while operating cash outflow rose by 5.93% to ¥1,222,910,676.40[75]. - Investment cash inflow plummeted by 91.58% to ¥13,138,641.52, primarily due to the previous year's compensation for land acquisition of ¥144,052,600[75]. - The company reported a significant investment loss of -¥40,693,584.79, which accounted for -529.77% of total profit, attributed to impairment provisions[78]. - The company has increased its investment in the energy storage market, raising its wholly-owned subsidiary's capital to CNY 200 million to develop new energy projects and related businesses[54]. Market and Industry Trends - The company is focusing on the high-end energy equipment manufacturing sector, particularly in renewable energy and energy storage solutions[33]. - The new energy storage market is projected to grow at a compound annual growth rate of over 55% from 2020 to 2025, with a target of 30 GW by 2025[36]. - The global market for operation and maintenance services is expected to exceed RMB 100 billion by 2025, indicating a growing trend towards service-oriented business models[43]. - The global renewable energy installed capacity is expected to grow by 2,400 GW from 2022 to 2027, with renewables accounting for over 90% of new electricity generation[95]. - The average annual compound growth rate of China's wind power market is projected to exceed 11% from 2022 to 2030, with a total of 662 GW of new installed capacity expected[97]. Research and Development - The company implemented 36 technology research projects, completed 20, and obtained 72 new patent authorizations, including 2 invention patents, totaling 231 patents by the end of the year[48]. - The company is focusing on providing comprehensive energy solutions, including waste heat boilers and energy storage equipment, to align with national carbon neutrality goals[40]. - The company plans to enhance product research and development to improve competitiveness in offshore wind power and high-value-added products[37]. - The company is focusing on the development of hydrogen production systems and high-reliability lubricating gear pumps to enhance its competitive edge in the renewable energy market[72]. - The company is actively pursuing innovation in the "new energy + energy storage" sector to enhance its competitive edge[33]. Corporate Governance and Management - The company has established a robust internal management system, with independent governance structures such as the board of directors and supervisory board[129]. - The company emphasizes the importance of investor relations management, maintaining open communication channels with investors through various platforms[127]. - The company has a clear governance structure with independent directors ensuring compliance and oversight[132]. - The company has appointed new executives, including a new General Manager, effective December 14, 2022, to focus on future development strategies[134]. - The company has established a performance management system to align organizational and individual performance with strategic objectives[157]. Employee and Social Responsibility - Employee benefits include compliance with labor laws, provision of social insurance, and various welfare activities such as health check-ups and holiday celebrations[183]. - The company actively engages in social responsibility initiatives, including financial support for impoverished students in rural areas[186]. - The company has invested approximately 2 million in training expenses, with over 8,700 participants in empowerment training throughout the year[158]. - The company promotes a culture of employee engagement through various activities and training programs aimed at improving professional skills[184]. - The company has implemented strict quality standards to enhance product quality and customer satisfaction, ensuring customer rights are protected[185]. Risks and Challenges - The company faces risks including market fluctuations, raw material price volatility, and foreign exchange rate changes[6]. - The company is actively addressing market risks by increasing R&D investments and expanding its new energy business to maintain its competitive edge in the clean energy sector[110]. - Accounts receivable have increased significantly with sales growth, leading to higher risks of bad debts, prompting the company to enhance contract management and credit risk assessment[112]. - The company is monitoring foreign exchange rate fluctuations that may impact its financial results, and is committed to effective risk management in this area[114]. - The company is facing risks from fluctuations in raw material prices due to policy and international economic conditions, and plans to optimize supply chain management to stabilize procurement costs[111].