中超控股(002471) - 2022 Q4 - 年度财报

Financial Performance - Total current assets decreased to 4,339,146,674.21 yuan from 4,403,602,829.81 yuan[9] - Net profit for the year was -49,011,331.87 yuan compared to 26,445,903.37 yuan in the previous year[11] - Total profit for the year was -67,409,080.30 yuan compared to 7,706,550.87 yuan in the previous year[11] - Comprehensive income for the year reached RMB 4.33 billion, with a total revenue of RMB 5.50 billion[30] - Comprehensive income for the previous year was RMB 406.7 billion, with a total revenue of RMB 948.54 billion[32] - Revenue for 2022 was RMB 5,890,978,613.13, a slight increase of 0.19% compared to 2021[119] - Net profit attributable to shareholders in 2022 was RMB -47,958,954.95, a significant decrease of 275.07% compared to 2021[119] - Basic earnings per share in 2022 were RMB -0.0378, a decrease of 275.00% compared to 2021[119] - Weighted average return on equity in 2022 was -3.56%, a decrease of 5.38 percentage points compared to 2021[119] - Total assets at the end of 2022 were RMB 5,662,917,793.93, a slight decrease of 0.65% compared to the end of 2021[119] - Shareholders' equity at the end of 2022 was RMB 1,369,653,025.49, a marginal decrease of 0.13% compared to the end of 2021[119] - The net profit attributable to shareholders in Q4 2022 was negative RMB 17,979,750.79, contributing to a full-year loss[124] - The company reported a net loss of RMB 49,011,331.87 for 2022, while net cash flow from operating activities was RMB 111,593,837.89, resulting in a difference of RMB 160,605,169.76[171] Cash Flow and Liquidity - Monetary funds increased to 804,578,196.44 yuan from 616,713,260.48 yuan[9] - Sales of goods and services received cash of 6,576,388,277.50 RMB in 2022, a 25.26% increase from 5,250,435,064.63 RMB in 2021[12] - Net cash flow from operating activities was 111,593,837.89 RMB in 2022, compared to -230,110,141.12 RMB in 2021, indicating a significant improvement[12] - Cash received from investment returns increased to 11,561,293.40 RMB in 2022 from 7,727,160.76 RMB in 2021, a 49.62% increase[12] - Net cash flow from investing activities was 125,493,336.66 RMB in 2022, up from 19,468,584.16 RMB in 2021, reflecting stronger investment performance[12] - Cash received from financing activities, including loans and other financing, totaled 6,807,120,894.17 RMB in 2022, compared to 5,497,145,352.78 RMB in 2021, a 23.83% increase[12] - Total cash inflows from operating, investing, and financing activities reached 13,696,108,156.70 RMB in 2022, up from 10,988,777,392.79 RMB in 2021, a 24.64% increase[12] - Cash outflows for purchasing goods and services were 5,846,873,803.89 RMB in 2022, a 19.34% increase from 4,899,227,142.13 RMB in 2021[12] - Payments to employees and for employee benefits increased to 222,920,271.63 RMB in 2022 from 200,853,208.22 RMB in 2021, an 11.00% rise[12] - Total cash outflows for operating, investing, and financing activities were 13,647,910,090.98 RMB in 2022, compared to 11,298,254,618.77 RMB in 2021, a 20.80% increase[12] - Net increase in cash and cash equivalents was 48,198,065.72 RMB in 2022, compared to -309,477,225.98 RMB in 2021, showing a significant recovery[12] - Net cash flow from financing activities was -161,411,926.44[29] - Net increase in cash and cash equivalents was 75,803,502.43[29] - Ending cash and cash equivalents balance was 100,803,814.89[29] - Operating cash flow increased by 148.50% to RMB 111.59 million in 2022[168] - Investment cash flow increased by 544.59% to RMB 125.49 million in 2022[168] - Financing cash flow decreased by 51.20% to RMB -161.41 million in 2022[168] - Net increase in cash and cash equivalents was RMB 75.80 million, a significant improvement from RMB -317.55 million in 2021[168] - Investment activities generated a cash inflow increase of RMB 116,644,266.56, up 112.20% YoY, mainly due to increased net cash from the disposal of fixed assets, intangible assets, and other long-term assets[169] - Net cash flow from investment activities increased by RMB 106,024,752.50, up 544.59% YoY, driven by higher cash from asset disposals and other investment-related receipts[169] - Net cash flow from financing activities decreased by RMB 54,658,118.94, down 51.20% YoY, primarily due to increased payments related to financing activities[169] - Net increase in cash and cash equivalents rose by RMB 393,355,428.63, up 123.87% YoY, mainly due to a significant increase in net cash flow from operating activities[169] Expenses and Costs - R&D expenses were 199,312,259.18 yuan, slightly down from 205,481,833.11 yuan[11] - Sales expenses increased to 151,565,270.32 yuan from 143,161,101.27 yuan[11] - Financial expenses decreased to 107,732,663.66 yuan from 134,796,529.05 yuan[11] - Credit impairment losses were -146,928,834.07 yuan, significantly higher than -35,243,662.06 yuan in the previous year[11] - Power cable operating costs decreased by 2.68% to 4,278,246,919.04 yuan in 2022, accounting for 81.47% of total operating costs[146] - Electrical equipment cable operating costs increased by 22.74% to 660,365,905.82 yuan in 2022, accounting for 12.57% of total operating costs[146] - Bare wire operating costs decreased by 1.93% to 72,800,557.07 yuan in 2022, accounting for 1.39% of total operating costs[146] - Cable material operating costs decreased by 56.81% to 21,997,303.46 yuan in 2022, accounting for 0.42% of total operating costs[146] - Sales expenses increased by 5.87% YoY to RMB 151,565,270.32, while management expenses rose by 6.56% to RMB 142,992,634.80[183] - Financial expenses decreased by 20.08% YoY to RMB 107,732,663.66, and R&D expenses dropped by 3.00% to RMB 199,312,259.18[183] Assets and Liabilities - Accounts receivable decreased to 2,565,109,370.73 yuan from 2,933,807,655.49 yuan[9] - Total equity attributable to the parent company's owners increased to 1,538,246,185.63 yuan, up from 1,530,244,092.09 yuan in the previous year[15] - Capital reserve decreased by 58,000,000.00 yuan compared to the previous year[15] - Retained earnings increased by 20,352,785.40 yuan, indicating improved profitability[15] - Minority interests decreased by 5,508,647.35 yuan, showing a reduction in non-controlling interests[15] - Long-term equity investment increased to 3,864,925.76 from 13,866,072.30[26] - Other equity instrument investment increased to 478,089,119.09 from 423,314,950.87[26] - Total current assets decreased to 1,328,048,187.36 from 1,698,977,177.29[27] - Total non-current assets increased to 3,613,348,741.47 from 3,547,802,027.45[27] - Total assets decreased to 4,941,396,928.83 from 5,246,779,204.74[27] - Short-term borrowings increased to 952,534,522.88 from 944,435,324.68[27] - The company's monetary funds increased by 3.39% of total assets to RMB 804,578,196.44, while accounts receivable decreased by 6.17% to RMB 2,565,109,370.73[175] - The company transferred a 7.13% stake in Jiangxi Bestly Technology Co., Ltd. for RMB 0, adjusting the investment to other equity instrument investments[177] Comprehensive Income and Equity - Other comprehensive income after tax was 44,675,822.65 yuan, a significant improvement from -66,796,064.09 yuan[11] - Comprehensive income decreased by 44,677,043.35 yuan, reflecting a reduction in overall financial performance[18] - Total comprehensive income for the period was 50,341,533.13 yuan, down from 5,664,489.85 yuan in the previous year[18] - Other comprehensive income decreased by 58,839,162.42 yuan, reflecting a decline in other financial gains[20] - Profit distribution to owners (or shareholders) decreased by 5,883,916.24 yuan, indicating reduced shareholder payouts[20] - Share capital at the end of the period was 1,268,000,000.00[36] - Capital reserve increased by 26,775,482.80[36] - Comprehensive income increased by 42,038,419.17[36] - Surplus reserve increased by 101,067,717.20[36] - Undistributed profit increased by 205,606,761.00[36] - Total equity increased by 1,643,488,380.86[36] R&D and Innovation - R&D project on 10kV overhead insulated cable aims to develop a material using silane cross-linked polyethylene insulation and silane cross-linked semiconductor inner shielding[148] - Developed a high-strength, oil-resistant rubber-sheathed flexible cable with excellent oil resistance, low-temperature resistance, and high flexibility, which has been successfully mass-produced and is expected to generate economic benefits[149] - Successfully developed a new halogen-free, low-smoke, flame-retardant, and fire-resistant cable for urban public engineering, meeting the fire safety requirements of urban power supply systems and expected to generate economic benefits[149] - Developed a vertical installation medium-voltage power cable for high-rise buildings, meeting strict requirements for lifespan, flame retardancy, and low smoke emission, and expected to generate economic benefits[149] - Developed a heavy-duty, anti-pulling, photoelectric composite flexible reel cable for port shore power supply, featuring stable signal transmission, seawater corrosion resistance, and wear resistance, and expected to generate economic benefits[149] - Developed a high-performance, large-capacity medium-voltage variable frequency power cable for industrial applications, capable of withstanding high-speed variable frequency systems and expected to generate economic benefits[149] - Development of medium-voltage power cables for lakes and wetlands, featuring strong short-circuit current capacity, excellent electrical performance, and comprehensive environmental protection, filling a domestic gap[184] - Successful development and mass production of UV-irradiated cross-linked polyethylene insulated halogen-free low-toxicity ultra-low smoke ultra-A flame-retardant power cables, meeting the requirement of 14L non-metallic material volume per meter for densely populated urban areas[184] - Development of public engineering cross-linked polyethylene insulated halogen-free low-smoke flame-retardant B1 fire-resistant control cables, meeting GB31247-2014 standards for densely populated areas like hospitals and airports[184] - Research and development of high-voltage shielded cables for internal battery connections in electrical equipment, featuring excellent heat resistance, high voltage tolerance, and long service life[184] - The company successfully developed and mass-produced a long-life flame-retardant B1 grade low-smoke halogen-free power cable for intelligent building low-voltage distribution systems, creating economic benefits[185] - The company successfully developed and mass-produced a long-life flame-retardant B1 grade high-end home decoration cable for intelligent building low-voltage distribution systems, creating economic benefits[185] - The company successfully developed and mass-produced a high-performance medium-voltage power cable for the State Grid power system, creating economic benefits[185] - The company successfully developed and mass-produced a high-performance intrinsically safe control cable for intelligent factory control systems, creating economic benefits[185] - The new products developed by the company have superior performance compared to national standards, including insulation eccentricity control, insulation microporous impurity control, insulation thermal elongation, and partial discharge control[185] - The control cable developed by the company has excellent shielding performance, flame retardancy, and temperature control through built-in hollow tubes and fluorinated liquid for conductor heat exchange[185] - The control cable has a minimum bending radius of 6D, tensile strength of ≥10.0MPa, elongation at break of ≥160%, and can withstand -30℃ low-temperature impact and 130℃ heat impact without cracking[185] - The company's new product development projects in 2022 focused on improving the flame retardant performance of cables to meet higher market demands[185] - The company's R&D efforts in 2022 were aimed at enhancing the safety, reliability, and longevity of power cables for various applications, including intelligent buildings and State Grid systems[185] - The company has developed halogen-free flame-retardant cable materials, which reduce harmful gas emissions during combustion and improve survival probability during electrical fires[186] - The fire-resistant cable for fire protection systems can continue to operate for 3 hours after a fire, significantly improving safety and reliability[186] - The anti-rodent and anti-ant power cable uses metal armor and additives to prevent damage from rodents and ants, extending the cable's lifespan[186] - The medium-voltage fire-resistant cable for rail transit has enhanced flame-retardant and fire-resistant properties, ensuring safer operation in rail systems[186] - The composite shielded medium-voltage variable frequency cable has improved signal stability and impact resistance, reducing electromagnetic interference[186] - The environmentally friendly soft aluminum alloy core photovoltaic cable reduces costs by 30% compared to traditional cables, making it suitable for underground transmission in photovoltaic systems[186] - The company has developed a high-temperature resistant, non-crosslinked, environmentally friendly, and recyclable semi-conductive shielding material for high-voltage cables, which can operate at 120°C without the need for crosslinking agents[162] - The new semi-conductive material has a tensile strength greater than 13 MPa and a melting temperature above 160°C, with a volume resistivity of less than 80Ω·cm at 20°C and less than 1000Ω·cm at 90°C[162] - The company has applied for 2 patents, including 1 invention patent and 1 utility model patent, and has established 1 enterprise standard for the new semi-conductive material[162] - The company is developing a seawater corrosion-resistant, high-wear-resistant, and flexible photoelectric composite reel cable for mobile equipment, targeting applications in ports with large lifting equipment and shore power systems[162] - The company is also developing a new type of waterproof flexible rubber-sheathed cable for freshwater environments, suitable for long-term immersion in water such as swimming pools, fish ponds, and fountains[162] - The new semi-conductive material reduces high energy consumption from heating in the vulcanization process and increases production speed and efficiency[162] - The company's new materials are designed to meet the specific requirements of the State Grid, including the need for cross-linked shielding layers in some overhead cable products[162] - The company's R&D efforts aim to upgrade key materials and products in the power cable industry, contributing to the development of China's graphene industry[162] - The company is exploring the use of PP as a base material combined with graphene and conductive carbon black to create a high-performance semi-conductive system[162] - The company's new materials are expected to have broad market prospects and create economic benefits once mass-produced[162] - Development of a power storage system battery connection cable with properties such as acid resistance, salt spray resistance, UV resistance, and long-term outdoor use, which has been successfully developed and mass-produced, creating economic benefits for the company[163] - Successful development and mass production of a new ceramicized silicone rubber composite material for special working conditions, achieving international advanced technology standards and generating economic benefits for the company[163] - Design and development of a self-cooling electric vehicle charging cable with high heat resistance, cold resistance, flexibility, wear resistance, oil resistance, acid and alkali resistance, water resistance, and long service life, meeting the needs of high-capacity fast charging and creating economic benefits for the company[163] - Development of a high-strength, anti-tension, photoelectric composite flexible reel high-voltage soft cable for port power supply, with high tensile strength, wear resistance, flexibility, stable signal transmission, and long service life, successfully developed and mass-produced, creating economic benefits for the company[163] - R&D investment in 2022 was RMB 205.53 million, a decrease of 2.47% compared to 2021[165] - R&D investment accounted for 3.49% of operating revenue, a decrease of 0.09 percentage points compared to 2021[165] - Capitalized R&D investment in 2022 was RMB 6.81 million, an increase of 133.66% compared to 2021[165] - Capitalized R&D investment accounted for 3.31% of total R&D investment, an increase of 1.93 percentage points compared to 2021[165] Market and Sales Performance - Sales of goods and services received cash of 6,576,388,277.50 RMB in 2022, a