Envicool(SZ:002837)2023-04-10 16:00Financial Performance - The company's operating revenue for 2022 was approximately ¥2.92 billion, representing a 31.19% increase from ¥2.23 billion in 2021[48]. - The net profit attributable to shareholders for 2022 was approximately ¥280.28 million, a 36.69% increase compared to ¥205.05 million in 2021[48]. - The basic earnings per share for 2022 was ¥0.64, reflecting a 33.33% increase from ¥0.48 in 2021[48]. - The total assets at the end of 2022 amounted to approximately ¥4.04 billion, a 16.95% increase from ¥3.46 billion at the end of 2021[48]. - The net assets attributable to shareholders at the end of 2022 were approximately ¥2.12 billion, a 14.01% increase from ¥1.86 billion at the end of 2021[48]. - The company reported a cash flow from operating activities of approximately ¥254.55 million, a 37.34% increase from ¥185.35 million in 2021[48]. - The company achieved a weighted average return on equity of 14.14% in 2022, compared to 13.23% in 2021[48]. - The quarterly revenue for Q4 2022 was approximately ¥1.44 billion, with a net profit of approximately ¥163.42 million[51]. - The gross profit margin improved to 29.81%, up from the previous year's 29.35%[123]. - The company's revenue for the reporting period was 219,469,132.20 CNY, with a net profit of 136,392,930.06 CNY[188]. Dividends and Shareholder Returns - The total cash dividend distributed amounted to ¥82,573,473.70, representing 100% of the distributable profit of ¥539,325,818.08[8]. - The company plans to distribute a cash dividend of ¥1.90 per 10 shares, with no bonus shares issued[58]. Internal Controls and Compliance - The company maintained effective internal controls over financial reporting as of December 31, 2022, with no significant deficiencies identified[20]. - The company has a 100% inclusion rate of its subsidiaries in the internal control evaluation, covering all assets and revenue[19]. - There were no significant defects in non-financial reporting identified during the internal control audit[20]. - The company’s internal control self-assessment report was disclosed on April 11, 2023, confirming compliance with relevant regulations[19]. - The company’s management is committed to ensuring the accuracy and completeness of the annual report, taking legal responsibility for any misstatements[25]. Research and Development - The company invested CNY 195.62 million in R&D, a 30.31% increase compared to the previous year[129]. - The number of R&D personnel increased to 1,012 in 2022, up 11.33% from 909 in 2021[168]. - The proportion of R&D investment to operating revenue was 6.69% in 2022, slightly down from 6.74% in 2021[168]. - The company is in the trial production stage for a multi-dimensional commercial environment integrated control system, enhancing product functionality and performance[167]. - The company has developed a new generation of low-temperature cold chain units, significantly improving product functionality and performance compared to the previous generation[167]. Market and Business Development - The company has no changes in its main business since its listing, indicating stability in its operations[45]. - The company is focusing on the development of liquid cooling systems for energy storage, which are increasingly recognized for their advantages in extending battery life and optimizing space[78]. - The company has expanded its market presence in the new energy bus air conditioning sector, gaining trust from major manufacturers like BYD and Nanjing Jinlong[139]. - The company has established a strong brand in rail transit air conditioning, expanding its market coverage to cities like Zhengzhou and Shenzhen while maintaining its traditional advantages in Shanghai and Suzhou[139]. - The company has successfully served the rapidly growing and technologically innovative cloud computing data center market in China[118]. Environmental and Social Responsibility - The company has not faced any administrative penalties due to environmental issues during the reporting period[22]. - The company is actively promoting innovative air environment management products in the residential health air environment sector[101]. - The company actively collaborates with stakeholders to balance interests and promote sustainable development[199]. Talent Development and Management - The company has implemented a comprehensive training program for management and key personnel, focusing on leadership development and emotional intelligence[4]. - The company emphasizes talent development through various training programs for new hires and interns to facilitate their adaptation[5]. - The company has established a series of performance management and incentive mechanisms to attract and retain top talent, aligning the interests of shareholders, the company, and core team members[90]. - The management team is composed of experienced professionals from major companies, ensuring a strong understanding of market trends and technology directions[115]. - The company emphasizes the importance of a stable and high-quality management team and has implemented competitive compensation and incentive mechanisms to retain talent[192]. Innovation and Technology - The company holds 863 patents, including 47 invention patents, reflecting its strong focus on innovation and technology development[89]. - The introduction of liquid cooling technology has been accelerated due to the high-density heat trends in computing equipment and data centers, with the company investing in various liquid cooling platforms[83]. - The company has been recognized as a leading provider of temperature control solutions in the energy storage sector, maintaining a strong market position[84]. - The company's liquid cooling technology revenue from data centers and computing equipment increased approximately five times compared to the previous year[101]. - The company is leading in the development of modular functions in commercial air conditioning systems, aimed at improving production efficiency and reducing costs[167]. Financial Management - The company’s cash and cash equivalents increased by 14.29% to CNY 100.89 million[133]. - The company’s financial expenses decreased by 90.98% to CNY 2.41 million due to increased exchange gains and reduced financing costs[129]. - The cash inflow from financing activities decreased by 35.95% compared to the same period last year, primarily due to funds raised from a non-public stock issuance in the previous year[171]. - The net cash flow from financing activities dropped by 155.75% year-on-year, mainly due to increased bank loan repayments during the reporting period[171]. - The company has not engaged in derivative investments during the reporting period, indicating a conservative approach to financial risk management[200].