ETS(SZ:002545)2023-04-19 16:00Financial Performance - The company's operating revenue for 2022 was approximately ¥3.62 billion, representing a 29.99% increase compared to ¥2.78 billion in 2021[24]. - Net profit attributable to shareholders reached approximately ¥824.5 million, a significant increase of 104.12% from ¥403.9 million in the previous year[24]. - The basic earnings per share (EPS) increased to ¥0.6627, up 104.10% from ¥0.3247 in 2021[24]. - The total assets of the company at the end of 2022 were approximately ¥13.04 billion, reflecting an 11.34% increase from ¥11.71 billion at the end of 2021[24]. - The net assets attributable to shareholders increased to approximately ¥8.46 billion, a 6.52% rise from ¥7.94 billion in the previous year[24]. - The company reported a weighted average return on equity of 10.09%, up from 5.13% in the previous year[24]. - The company's total revenue for 2022 reached ¥3,616,108,373.36, representing a year-on-year increase of 29.99% compared to ¥2,781,752,581.61 in 2021[111]. - The fertilizer segment generated ¥1,835,234,274.09 in revenue, accounting for 50.75% of total revenue, with a significant year-on-year growth of 78.24%[111]. - The steel structure segment reported a revenue of ¥575,701,786.63, which is a decrease of 21.91% from ¥737,248,711.30 in the previous year[111]. - The company achieved a gross margin of 65.42% in the fertilizer segment, an increase of 22.46% compared to the previous year[111]. - Domestic revenue decreased by 12.21% to ¥2,044,102,365.45, while international revenue surged by 246.83% to ¥1,572,006,007.91[111]. Cash Flow and Investments - The net cash flow from operating activities decreased by 20.66% to approximately ¥323.36 million, down from ¥407.59 million in 2021[24]. - The company reported a net cash flow from operating activities of ¥323,364,537.50, a decrease of 20.66% compared to ¥407,592,487.71 in the previous year[137]. - The total investment cash outflow was ¥4,667,492,462.88, which represents a 27.56% increase from ¥3,658,923,027.30 in 2021[137]. - Investment income amounted to ¥66,422,764.64, representing 6.17% of total profit, primarily from cash dividends and bank wealth management returns[123]. - The company reported a net cash outflow from investment activities due to increased cash payments for investments[122]. Market and Industry Outlook - The steel structure industry is projected to see a significant increase in demand, with a target of 1.4 billion tons of steel structure usage by 2025, representing over 15% of national crude steel output[36]. - The internationalization of the power industry along the "Belt and Road" initiative is expected to create substantial market opportunities for the company[35]. - The potassium chloride market is experiencing a high prosperity cycle due to geopolitical factors and supply constraints, significantly impacting the supply order[59]. - The company anticipates an increase in potassium fertilizer demand due to the recovery of global agricultural production and prices, particularly in Asia and surrounding regions[177]. Strategic Initiatives - The company plans to distribute a cash dividend of ¥4.1 per 10 shares, based on a total of 1,244,062,083 shares[15]. - The company is exploring new markets and product development, although progress remains uncertain due to industry competition and external economic factors[15]. - The company aims to enhance its market competitiveness in the potassium fertilizer sector by expanding production capacity and developing new products[104]. - The company plans to enhance its profitability and risk resistance by implementing a balanced dual-main business development strategy, focusing on the steel structure industry and expanding into emerging markets[170]. - The company aims to strengthen its research and development capabilities by recruiting talent and enhancing collaboration with research institutions, targeting new projects and products in response to market demand[175]. Operational Efficiency - The company has implemented a vertical management system across all production bases to strengthen control and improve operational efficiency[107]. - The company has developed an adjustable coal bunker installation structure, improving stability during coal filling operations[118]. - The company successfully achieves sustainable development with stable, high, and exceeding production levels[200]. - The company has established a comprehensive quality control system and adheres to stricter internal quality standards beyond national and industry norms[200]. Research and Development - In 2022, the company invested CNY 70.67 million in R&D, accounting for 4.03% of its revenue, to enhance the technological transformation of its steel structure production lines[78]. - The company has nearly 100 patents, including 12 invention patents, showcasing its strong capability in developing new products and technologies[78]. - The company completed several key R&D projects, including a heavy boiler installation technology that enhances production efficiency and reduces costs[116]. - The company’s R&D personnel ratio decreased to 18.08% from 19.55% in the previous year, with a notable reduction in the number of master's degree holders[117]. Risk Management - The company faces risks related to declining market demand due to macroeconomic conditions and rising raw material prices, which may impact operational costs and R&D expenses[15]. - The company emphasizes the importance of supply chain management to mitigate the adverse effects of price fluctuations on production costs[155]. - The company faced significant operational risks due to the complex domestic and international economic environment, particularly fluctuations in steel and potassium fertilizer prices, necessitating improved material utilization and cost control measures[155]. Community Engagement - The company has been involved in community support initiatives, including providing construction materials and clean water to local villages[109].