XZCE(SZ:002534)2023-08-09 16:00Dividends and Share Capital - The company reported a cash dividend of 1 RMB per 10 shares (including tax) for all shareholders, with no bonus shares issued[19]. - The total share capital increased from 739,201,050 shares to 739,202,363 shares due to the conversion of convertible bonds, resulting in a dilution of both basic and diluted earnings per share[56][59]. - The total number of shareholders at the end of the reporting period was 38,914, a decrease from 39,231 in the previous month[60]. - The company held 20,568,146 shares in its repurchase account, representing 2.78% of the total shares, making it one of the top ten shareholders[61]. - The proportion of limited shares decreased from 1.85% to 1.84% after a reduction of 78,500 limited shares[54]. - The proportion of unrestricted shares increased slightly from 98.15% to 98.16% after an addition of 79,813 unrestricted shares[54]. - The company distributed a cash dividend of RMB 0.20 per share to shareholders based on a total share capital of 718,632,904 shares after deducting repurchased shares[121]. - The total number of shares outstanding is 739,202,363[182]. Financial Performance - The company's operating revenue for 2022 was RMB 7,343.6461 million, with sales of boilers and clean energy equipment contributing RMB 4,242.3308 million, accounting for 57.77% of total revenue[129]. - Engineering service revenue amounted to RMB 2,953.3344 million, representing 40.22% of total revenue[129]. - The company reported a net profit of 193,479,816.51 yuan for the year, a significant increase from 81,797,371.73 yuan in the previous year[198]. - Non-operating income for the year included government subsidies amounting to 58,978,074.16 yuan, slightly down from 61,547,059.48 yuan in the previous year[197]. - The company recorded a loss of 256,990.13 yuan from the disposal of non-current assets, an improvement compared to a loss of 12,439,517.03 yuan in the previous year[197]. - The investment income from the disposal of equity in a technology company amounted to 102,285,916.32 yuan during the reporting period[198]. Assets and Liabilities - Total assets increased to CNY 15,953,162,511.95 as of December 31, 2022, up from CNY 13,940,811,337.38 at the beginning of the year, representing a growth of approximately 14.5%[178]. - Current liabilities totaled CNY 9,310,720,524.57, an increase from CNY 7,742,015,251.03, indicating a rise of about 20.3%[178]. - Accounts receivable rose to CNY 1,855,988,250.22 from CNY 1,073,191,723.11, reflecting a significant increase of approximately 73%[177]. - Inventory increased to CNY 1,903,017,435.71, compared to CNY 1,706,754,213.55, marking an increase of about 11.5%[177]. - Long-term borrowings grew to CNY 628,079,611.18 from CNY 348,476,465.75, representing an increase of approximately 80.2%[178]. - The company reported a total of CNY 3,721,609,607.52 in accounts payable, up from CNY 2,995,200,925.29, which is an increase of about 24.2%[168]. - The total current assets reached CNY 10,885,407,927.93, compared to CNY 9,917,390,052.15, showing an increase of approximately 9.8%[178]. - The company’s total non-current assets amounted to CNY 5,067,754,584.02, up from CNY 4,023,421,285.23, indicating a growth of about 26%[178]. - The company’s cash and cash equivalents were CNY 3,613,431,601.43, down from CNY 3,754,223,059.42, reflecting a decrease of approximately 3.8%[177]. - The company’s total liabilities increased to CNY 14,378,475,108.59 from CNY 11,765,436,536.26, representing a rise of about 22.3%[178]. Corporate Governance and Risk Management - The company has engaged Tianjian Accounting Firm for auditing services, with a fee of 1.75 million RMB, and has a continuous service history of 16 years[34]. - The company faced risks related to raw material price fluctuations and potential bad debts from accounts receivable[6]. - The company is focused on enhancing its internal controls related to revenue recognition to mitigate risks associated with improper revenue reporting[153]. - The company did not experience any bankruptcy restructuring during the reporting period[35]. - The company has not engaged in any major related party transactions or asset acquisitions during the reporting period[40]. - The company reported a significant related party transaction with Xizi Elevator Group, amounting to 398.8 million RMB, which accounted for 2.53% of similar transaction amounts[39]. Strategic Initiatives and Market Position - The company is focused on expanding its market presence and developing new technologies in the clean energy sector[6]. - The company has a continuous commitment to environmental and social responsibility initiatives[10]. - The company successfully launched the Shaoxing Green Electricity Molten Salt Energy Storage Demonstration Project, marking the establishment of the first zero-carbon fiber industrial park[100]. - The company has expanded into the user-side electrochemical energy storage sector, with new projects including the Vanadium Flow Battery Smart Energy Storage Station and the zero-carbon factory project for Gujia Home Furnishing[100]. - The company aims to accelerate its transition towards the new energy and energy storage sectors, focusing on zero-carbon steel mills, power plants, and cement plants[100]. - The company has established a strong market presence in the energy storage field, with ongoing projects enhancing its competitive edge[100]. - The company’s financial reports indicate a significant focus on sustainable energy solutions and market expansion strategies[100]. Shareholder Information - The company’s major shareholder, Xizi Elevator Group, holds 39.01% of the shares, amounting to 288,349,956 shares[60]. - The company’s major shareholder has pledged 80% of their shares, indicating a high level of leverage[182]. - The company has not experienced any changes in its controlling shareholder during the reporting period[200]. - The company’s registered capital is 600 million yuan, primarily engaged in industrial investment and capital management[182]. Debt and Financing - The company maintains a strong debt repayment capability due to stable main business operations and good cash flow from operating activities[124]. - The debt-to-asset ratio increased by 2.99% year-on-year, reaching 74.20%[126]. - The company adjusted the conversion price of its convertible bonds from 27.89 CNY/share to 18.80 CNY/share, effective from October 11, 2022[103]. - The total amount of convertible bonds issued was RMB 1,110 million, with only 0.01% converted as of June 30, 2022[123]. - The top ten shareholders include various investment funds, with the largest holding being 954,788 convertible bonds, representing 8.60% of the total[105]. - The company received 10 million CNY in principal and interest from a trust product, with 40 million CNY principal and corresponding interest still outstanding[82].