TQCC(SZ:002523)2023-04-14 16:00Financial Performance - The company's operating revenue for 2022 was CNY 1,586,341,596.36, representing a decrease of 10.59% compared to CNY 1,774,176,849.53 in 2021[18]. - The net profit attributable to shareholders of the listed company was CNY 40,767,730.52, down 32.23% from CNY 60,159,884.08 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 20,397,912.25, a decline of 32.49% from CNY 30,212,794.64 in 2021[18]. - The basic earnings per share decreased to CNY 0.029, down 32.56% from CNY 0.043 in the previous year[18]. - The company achieved a consolidated revenue of CNY 1.59 billion in 2022, a decrease of 10.59% compared to CNY 1.77 billion in 2021, with a net profit attributable to shareholders of CNY 40.77 million, also down from the previous year[37]. - The net profit for the reporting period was CNY 35,854,111.94, a decrease of 44.66% compared to CNY 64,742,719.56 in the previous year[58]. - The company reported a total revenue of 278,495,000 RMB with a net profit of 152,512,579.83 RMB, indicating a significant financial performance[72]. Cash Flow and Assets - The cash flow from operating activities increased significantly to CNY 242,188,274.60, up 440.58% from CNY 44,801,970.06 in 2021[18]. - The net cash flow from operating activities for the year was 242,186,274.56 CNY, showing a significant recovery from a negative cash flow of -117.60 million CNY in Q1 to positive cash flows in subsequent quarters[21]. - Total assets at the end of 2022 were CNY 4,155,616,778.58, a decrease of 6.28% from CNY 4,433,851,214.25 at the end of 2021[18]. - The company's total cash and cash equivalents increased by 62,774,605.60 CNY, a 211.53% rise compared to the previous year[57]. - Inventory increased by 30% from CNY 534,006,015.15 to CNY 694,528,994.83, representing a 4.67% increase in total asset proportion[61]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 0.15 per 10 shares, totaling CNY 21,249,612.00 based on 1,416,640,800 shares[4]. - The total cash dividend distributed is 21,249,612 CNY, with a distribution of 0.15 CNY per 10 shares[140]. - The total number of common shareholders at the end of the reporting period is 52,447, an increase from 45,090 at the end of the previous month[196]. Market and Industry Insights - The material handling machinery industry saw a 9.0% decline in revenue in 2022, totaling 742.8 billion CNY, with a profit margin of 5.7%, down 0.3 percentage points year-on-year[26]. - The material handling equipment segment generated CNY 1.35 billion, accounting for 85.20% of total revenue, reflecting a decline of 9.12% from CNY 1.49 billion in 2021[42]. - The overseas market saw a significant increase in revenue, reaching CNY 57.03 million, up 348.21% from CNY 12.72 million in 2021[42]. Research and Development - Research and development expenses amounted to 84,918,420.35 CNY in 2022, representing 5.35% of operating revenue, a slight increase from 5.10% in 2021[55]. - The company is focusing on technological advancements, achieving breakthroughs in eight key common technologies in intelligent control systems[39]. - The company is committed to digitalization and smart product development to improve operational efficiency and market competitiveness[88]. Governance and Management - The company has established a governance structure in compliance with legal requirements, ensuring effective decision-making and supervision[92]. - The board of directors is composed in accordance with legal requirements, with specialized committees providing oversight and recommendations[94]. - The company has continuously improved its governance structure to enhance operational standards and shareholder rights[92]. - The company has a diverse management team with backgrounds in economics, engineering, and finance, enhancing its strategic capabilities[109][110][111]. Risk Management and Compliance - The company does not foresee any significant risks affecting its normal operations[4]. - Risk management strategies will be strengthened to address raw material price volatility and competitive pressures in the market[86][88]. - The company emphasizes the importance of maintaining high-quality information disclosure and investor relations to protect investor interests[85]. Environmental Responsibility - The company has implemented measures for environmental protection, including the installation of one set of sandblasting tail gas collection devices and two sets of welding fume purifiers[156]. - The environmental management system was effectively operated, with an internal audit conducted in May 2022 and an external annual audit passed in August 2022[156]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[156]. Future Outlook - The company plans to focus on high-end manufacturing and traditional manufacturing upgrades, supported by government policies, to maintain growth in 2023[79]. - A key focus for 2023 is on technological research and development, particularly in core technologies and product innovation, to establish a competitive edge[83]. - The company has set a revenue guidance of 1.5 billion RMB for the next fiscal year, indicating a projected growth of 25%[122].