凌霄泵业(002884) - 2022 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2022 was ¥1,483,464,184.64, a decrease of 28.09% compared to ¥2,062,880,131.93 in 2021[23]. - The net profit attributable to shareholders for 2022 was ¥421,938,295.95, down 12.70% from ¥483,308,187.19 in 2021[23]. - Basic earnings per share decreased by 13.24% to ¥1.18 in 2022, down from ¥1.36 in 2021[23]. - The total assets at the end of 2022 were ¥2,347,327,879.00, a slight decrease of 0.85% from ¥2,367,475,225.16 at the end of 2021[23]. - The net assets attributable to shareholders increased by 3.18% to ¥2,210,292,815.88 at the end of 2022, compared to ¥2,142,068,079.84 at the end of 2021[23]. - The company achieved operating revenue of ¥1,483,464,184.64, a decrease of 28.09% year-on-year[50]. - Net profit attributable to shareholders was ¥421,938,295.95, down 12.70% compared to the previous year[50]. - Domestic sales amounted to ¥603,376,096.91, reflecting a decline of 40.27%, while international sales were ¥880,088,087.73, down 16.39%[50]. - The company reported a significant increase in cash flow from operating activities in Q2 2022, reaching ¥216,217,013.98, compared to ¥74,719,451.24 in Q1 2022[28]. - The company received government subsidies amounting to ¥4,084,769.20 in 2022, compared to ¥3,166,345.14 in 2021[29]. Business Operations - The company has not changed its main business since its listing, indicating stability in operations[22]. - The main business focuses on the research, design, production, and sales of civilian centrifugal pumps, which are widely used in various sectors including municipal engineering and agriculture[38]. - The product range includes plastic bathroom pumps, stainless steel pumps, and general-purpose pumps, with a strong market position in the domestic plastic bathroom pump industry[39]. - The company has established a stable partnership with Guangdong University of Technology to enhance its technological innovation and product value[36]. - The company has a complete service system integrating design, production, sales, and after-sales service, accumulating a quality customer base[37]. - The company is committed to expanding production scale and enhancing research and development efforts based on market demand[37]. - The company has a diverse customer base, including high-quality long-term clients in the global bathroom and water sports facilities market, enhancing its market share[47]. - The company’s products are sold across the domestic market and exported to over 80 countries and regions, including the US, Europe, the Middle East, and Southeast Asia[48]. Research and Development - The company has over 40 years of experience in motor and pump research and development, contributing to national standards and certifications such as CE, UL, and TUV[36]. - The company has obtained 12 invention patents and multiple high-tech product certifications, enhancing its technological innovation capabilities[36]. - The company invested ¥50,169,711.94 in R&D, focusing on new product development such as pipeline pumps and chemical pumps[51]. - The company holds 12 invention patents and has participated in the formulation of 5 national and industry standards, showcasing its advanced R&D capabilities[50]. - The number of R&D personnel increased by 22.69% from 216 in 2021 to 265 in 2022, with the proportion of R&D personnel rising from 17.20% to 24.55%[67]. - The company plans to continuously develop new products to meet market demands, adapting to technological updates and new fields[82]. - The company plans to develop new products including large flow seawater pumps and customized pumps, with plans to apply for 2 to 3 patents[85]. Market Challenges and Risks - The company faces risks including raw material price fluctuations, inventory impairment, and high foreign customer sales proportion[5]. - The company faced challenges in both domestic and international markets due to macroeconomic factors, leading to a significant drop in orders[53]. - Economic instability due to factors like inflation in Europe and the Russia-Ukraine conflict is expected to impact the company's domestic and international sales, affecting revenue and earnings[91]. - The company faces risks from exchange rate fluctuations, particularly with the appreciation of the RMB against the USD, which could reduce sales revenue when converted to RMB[91]. - The company will continue to implement cost control measures to accumulate funds for development while enhancing its production efficiency and product quality[89]. Corporate Governance - The company has not reported any changes in its controlling shareholders since its establishment, indicating stable ownership[22]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[5]. - The company has established an independent financial accounting system and does not share bank accounts with the controlling shareholder[98]. - The company has a total of 9 directors and 3 supervisors, with no reported conflicts of interest or related party transactions[101]. - The company’s board of directors includes a mix of independent and non-independent members, ensuring governance diversity[101]. - The company has committed to strict compliance with the regulations of the China Securities Regulatory Commission regarding corporate governance[149]. Shareholder Information - The company reported a cash dividend distribution of RMB 357,682,509, which is 100% of the total distributable profit of RMB 863,645,975.20[125]. - The cash dividend per 10 shares is RMB 10 (including tax), based on a total share capital of 357,682,509 shares[125]. - The total number of shares increased from 357,162,333 to 357,682,509, with an increase of 520,176 shares due to stock option exercises[184]. - The largest shareholder, Wang Haibo, holds 29.57% of the shares, totaling 105,781,089 shares[189]. - The second largest shareholder, Shi Zongmei, owns 16.97% of the shares, amounting to 60,710,090 shares[189]. - The total number of ordinary shareholders at the end of the reporting period was 12,235, a decrease from 14,154 at the previous month-end[189]. Employee Management - The company has a total of 817 production personnel, 74 sales personnel, 83 technical personnel, 11 financial personnel, and 78 administrative personnel[120]. - The company emphasizes employee training and has a robust training system for skill and knowledge development[122]. - The company has established a comprehensive salary system, including fixed monthly salaries and performance-based pay for ordinary employees[121]. - The company has implemented an annual salary system for senior management under the senior management salary assessment system[121]. Social Responsibility - The company contributed a total of 1,105,000 yuan to social welfare and educational initiatives, demonstrating its commitment to social responsibility[145]. - The company emphasizes employee development through various training programs, ensuring equal opportunities for career advancement[144]. - The company has implemented measures to enhance safety production awareness and reduce pollution emissions in line with national regulations[144].