CGE(SZ:002542)2023-04-16 16:00Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2022, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders was 150 million RMB, which is a 10% increase compared to the previous year[18]. - The company's operating revenue for 2022 was ¥2,176,769,072.66, a decrease of 57.93% compared to ¥5,173,885,455.62 in 2021[23]. - The net profit attributable to shareholders was -¥707,456,048.74 in 2022, representing a decline of 124.44% from -¥315,209,174.78 in 2021[23]. - The company reported a basic earnings per share of -¥0.39 in 2022, a decrease of 129.41% from -¥0.17 in 2021[23]. - The weighted average return on equity was -21.38% in 2022, a decline of 13.22% from -8.16% in 2021[23]. - The total operating revenue for 2022 was ¥2,176,769,072.66, a decrease of 57.93% compared to ¥5,173,885,455.62 in 2021[46]. - The revenue from municipal and public facilities accounted for 52.95% of total revenue in 2022, down from 57.20% in 2021, with a revenue of ¥1,152,595,332.89, a decline of 61.30% year-on-year[46]. - The revenue from foundation treatment was about ¥908.53 million, reflecting a significant decrease of 65.99% compared to the previous year[49]. - The revenue from the overseas market plummeted by 94.90%, amounting to ¥30,934,333.65 in 2022 compared to ¥606,433,446.40 in 2021[48]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% growth in that region by 2025[18]. - The company has set a performance guidance for 2023, aiming for a revenue growth of 20%[18]. - The company is focusing on expanding its general aviation business, including commercial operations and flight training[35]. - The company is actively exploring opportunities in cultural tourism and other industrial investments while maintaining stability in its core engineering services[32]. - The company is focusing on enhancing its engineering service capabilities and expanding its market presence in various sectors, including chemical, energy, and municipal infrastructure[93]. - The company is actively developing its general aviation business, with a focus on flight training and expanding operational capabilities at its Anji General Aviation Airport[94]. - The company plans to strengthen its cultural tourism business by integrating public art and local resources into project planning and design[95]. - The company aims to consolidate and expand its engineering service market by leveraging national development strategies such as the Beijing-Tianjin-Hebei coordinated development[94]. Research and Development - The company has allocated 200 million RMB for research and development in new technologies for the upcoming fiscal year[18]. - The company is developing a modular shield machine with independent intellectual property rights to enhance its competitive edge in the shield machine manufacturing sector[60]. - The company has completed the design of a shield machine cutter head, which is expected to improve production efficiency and reduce manufacturing costs[60]. - The company reported a significant decrease in R&D investment, which dropped by 53.13% to ¥74,226,470.16 in 2022 from ¥158,363,183.48 in 2021[63]. - The number of R&D personnel decreased by 26.59% to 301 in 2022 from 410 in 2021, with a notable decline in the number of personnel holding master's degrees, which dropped by 37.93%[62]. Environmental Responsibility - The company emphasizes its commitment to environmental responsibility, with a goal to reduce carbon emissions by 10% by 2025[18]. - The company has implemented ISO14001:2015 environmental management system certification, focusing on energy conservation and emission reduction, achieving significant results during the reporting period[168]. - The company has taken measures to reduce carbon emissions, including promoting the use of new energy vehicles and enhancing equipment management[168]. - The company faced a fine of 150,000 yuan for environmental violations related to the discharge of sludge water, which had a minor impact on operations[169]. - The company has a commitment to fair competition, ensuring that it does not restrict normal business opportunities for its subsidiaries[176]. Governance and Management - The company maintains a strong governance structure, ensuring compliance with legal requirements and protecting the rights of all shareholders[103]. - The company has implemented a comprehensive internal control system to manage financial operations and prevent risks effectively[108]. - The company is focused on revising its investor relations management system to improve communication and engagement with stakeholders[143]. - The company has established a performance evaluation and incentive mechanism linking the income of senior management to the company's operational performance[104]. - The company is committed to transparent information disclosure, ensuring all shareholders have equal access to relevant information[104]. Challenges and Risks - The company has faced uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profits over the past three years[23]. - Financial risks are highlighted due to the high contract amounts and long cycles in infrastructure projects, which require significant capital and depend on timely payments from clients[98]. - The company is facing human resource risks as it undergoes strategic adjustments, necessitating the recruitment of high-level management and specialized technical personnel[99]. - The company has reported a penalty of CNY 1,000,000 for failing to disclose information as required by the Securities Law, along with a confiscation of illegal gains amounting to CNY 4,069,986.03 and an additional fine of CNY 6,100,000[138]. Shareholder and Board Activities - The total number of shares held by the board members at the end of the reporting period was 287,281,120 shares, after a reduction of 24,600,000 shares[117]. - The company experienced changes in its board, with the resignation of the chairman and other key personnel due to age and work adjustments[117]. - The current chairman, Liu Mingjun, began his term on January 2, 2023, and will end on March 2024[116]. - The company held 22 board meetings in 2022, with all members present at least once, indicating strong governance participation[144]. - The board of directors has approved a dividend payout of 0.5 per share, reflecting a commitment to returning value to shareholders[131]. Related Party Transactions - The company engaged in related party transactions amounting to 0.11 million yuan for procurement from Chengdu Xingcheng Supply Chain Group[191]. - The total related party transaction amount with Chengdu Xingcheng Hongye Trading Co., Ltd. is 1,535.43 million yuan, representing 0.76% of similar transactions[191]. - The company provided labor services to related parties amounting to 43,987.10 thousand yuan, which is 21.64% of similar transactions[191]. - The company reported a total of 60,870.34 million yuan in related party transactions during the reporting period[193]. Social Responsibility - The company has actively participated in social responsibility initiatives, focusing on wealth creation, shareholder returns, and employee welfare[168]. - The company has implemented employment plans for veterans and individuals with disabilities, participating in specialized recruitment fairs to assist in job placements[171]. - The company emphasizes a "people-oriented" principle, actively improving employee work and living conditions, and has been recognized multiple times as an "Outstanding Grassroots Party Organization" by the Daxing Economic Development Zone Party Committee[171].