浙江世宝(002703) - 2022 Q4 - 年度财报

Financial Performance - Total revenue for 2022 reached ¥1,386,395,566.38, a 17.7% increase from ¥1,177,915,845.96 in 2021[126] - Operating profit for 2022 was ¥18,621,698.32, down 32.7% from ¥27,651,521.48 in 2021[126] - Net profit for 2022 was ¥18,263,799.30, a decrease of 28.7% compared to ¥25,594,976.63 in 2021[126] - Research and development expenses increased to ¥99,668,577.85 in 2022, up 23.8% from ¥80,484,534.57 in 2021[126] - The company’s sales revenue from goods and services received cash of 75,642,650.68 in 2022, compared to 60,737,992.52 in 2021, marking an increase of approximately 24.5%[105] Assets and Liabilities - Total assets increased to CNY 2,389,483,168.38 as of December 31, 2022, up from CNY 2,075,458,857.18 in 2021, representing an increase of approximately 15.1%[97] - Current assets totaled CNY 1,400,158,101.93, a rise from CNY 1,100,647,643.42 in the previous year, indicating a growth of about 27.2%[97] - Total liabilities increased to CNY 1,016,385,196.52, up from CNY 720,624,684.62, which is an increase of approximately 41.1%[97] - The company’s equity attributable to shareholders reached CNY 1,392,660,876.69, compared to CNY 1,376,837,284.22 in the previous year, showing a slight increase of about 1.1%[97] - The total current liabilities amounted to CNY 938,866,486.73, an increase from CNY 664,062,173.33, representing a growth of approximately 41.3%[97] Cash Flow - The net cash flow from operating activities for 2022 was -2,940,991.79, an improvement from -25,695,243.79 in 2021[105] - Total cash inflow from operating activities increased to 107,202,243.81 in 2022, up from 84,545,628.70 in 2021, representing a growth of approximately 26.7%[105] - Cash outflow from investing activities was 41,428,525.00 in 2022, compared to 33,837,755.82 in 2021, indicating an increase of about 22.5%[105] - The net cash flow from financing activities decreased to -30,145,162.97 in 2022 from 65,651,651.28 in 2021, reflecting a significant decline[105] - The total cash and cash equivalents at the end of 2022 were 16,317,774.62, down from 66,286,803.13 at the end of 2021, a decrease of approximately 75.4%[105] Shareholder Information - The total number of shares outstanding is 789,644,637, with 97.49% being unrestricted shares[29] - The company has a total of 303,233,298 unrestricted shares held by its controlling shareholder, Zhejiang Shibao Holding Group[32] - The total number of ordinary shareholders at the end of the reporting period was 72,599, with a significant shareholder, Zhejiang Shibao Holdings Group, holding 303,233,298 shares[49] - The company did not distribute any interim dividends to shareholders during the reporting period[55] - The company plans not to distribute cash dividends or issue bonus shares for the 2022 profit distribution, pending approval from the annual general meeting[74] Compliance and Governance - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[16] - The company has maintained compliance with local environmental regulations, with wastewater and exhaust emissions meeting government standards[7] - The company has not engaged in any asset or equity acquisition or sale transactions with related parties during the reporting period[21] - The company has maintained compliance with relevant regulations and has not engaged in any related party transactions during the reporting period[39] - There were no significant legal penalties or rectifications during the reporting period[38] Internal Controls and Audits - The internal control audit fee paid to Tianjian Accounting Firm was 200,000 RMB during the reporting period[19] - The internal audit department conducted quarterly reviews of internal controls, covering financial, operational, compliance, and risk management aspects[3] - The internal control system is deemed sufficient and effective based on evaluations by the board and the audit committee[4] - The supervisory board held six meetings during the reporting period to enhance oversight of financial reporting and management actions[86] - The audit opinion issued by Tianjian Accounting Firm was a standard unqualified opinion, reflecting the fair presentation of the financial statements as of December 31, 2022[90] Financial Instruments and Investments - The company recognizes a financial asset when it becomes a party to the financial instrument contract[141] - The company measures expected credit losses based on the risk of default, calculating the present value of cash flow shortfalls for financial instruments[142] - For accounts receivable, the company uses historical credit loss experience and forecasts to determine expected credit loss rates[144] - The company evaluates long-term equity investments based on control, joint control, or significant influence criteria[148] - The company applies the equity method for investments in joint ventures and associates, ensuring proper recognition of income and losses[178] Taxation and Government Grants - The company applies a 15% to 25% corporate income tax rate, with a 13% VAT rate applicable to sales of steering systems and components[159] - The company’s subsidiaries benefit from export tax rebates at a rate of 13% for certain products[159] - The company recognizes government subsidies related to income as deferred income, which is recognized in profit or loss when related costs are incurred[185] - The company received a VAT refund of ¥2,610,994.24 during the reporting period, indicating a positive cash flow impact from tax incentives[2] - The company has obtained high-tech enterprise certification for multiple subsidiaries, allowing for a reduced corporate income tax rate of 15% for the period[2]