QiaoYin(SZ:002973)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 was CNY 3,954,790,154, representing an increase of 18.70% compared to CNY 3,331,733,032 in 2021[20]. - The net profit attributable to shareholders for 2022 was CNY 314,601,062, reflecting a growth of 23.30% from CNY 255,152,969 in the previous year[20]. - The net cash flow from operating activities increased by 53.13% to CNY 182,375,913.92, up from CNY 119,095,228.02 in 2021[20]. - The total assets at the end of 2022 reached CNY 6,881,086,830, marking a 21.08% increase from CNY 5,724,539,938 in 2021[21]. - The net assets attributable to shareholders rose to CNY 1,914,118,360, which is a 16.67% increase compared to CNY 1,667,120,954 in 2021[21]. - The basic earnings per share for 2022 was CNY 0.77, up 24.19% from CNY 0.62 in 2021[20]. - The company reported a net profit excluding non-recurring gains and losses of CNY 296,379,292.06, an increase of 19.07% from CNY 248,903,505.60 in 2021[20]. - The total amount of contracts won by the company in 2022 reached 9.287 billion yuan, maintaining the industry-leading position for three consecutive years[39]. - The company's total assets as of the end of the reporting period were 6.881 billion yuan, a growth of 21.08% compared to the beginning of the year[37]. - The company reported a significant increase in the revenue from municipal sanitation projects, with a staggering growth rate of 8,049.11% year-over-year[54]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares to all shareholders, based on a total of 408,664,950 shares[4]. - The total distributable profit at the end of 2022 was 531,675,706.21 CNY, with a proposed cash dividend of 1.00 CNY per 10 shares, totaling 40,866,495.00 CNY[151]. - The cash dividend represents 12.99% of the net profit attributable to shareholders for the year[151]. - The company did not issue any bonus shares or increase capital from the capital reserve, with all remaining undistributed profits carried forward to the next year[151]. Business Operations and Strategy - The company has not changed its main business since its listing, indicating stability in operations[19]. - The company operates in the municipal sanitation engineering sector, focusing on waste collection, transfer, and street cleaning[14]. - The company has established a partnership model (PPP) for infrastructure projects, indicating a strategy for collaboration with private organizations[14]. - The company has established a modern urban comprehensive service system covering nearly 100 cities across 26 provinces, enhancing its service capabilities[38]. - The company has implemented the "@City" brand strategy to enhance urban governance and service quality, focusing on comprehensive urban management[38]. - The company aims to integrate its main business with emerging businesses, leveraging the "@City" sub-brand to expand and extend its industry chain[97]. - The company is positioned as a leader in the urban public service sector, with a full industry chain integration capability in urban construction, governance, operation, and service[34]. Environmental Responsibility - The company is committed to environmental responsibility and aims to enhance the value of waste through classification and resource recovery[14]. - The environmental sanitation management segment contributed ¥3,938,083,728.10, accounting for 99.58% of total revenue, with an 18.61% year-on-year growth from ¥3,320,111,453.21[52]. - The company has implemented measures to promote green production, including the use of 13,973 electric vehicles and 76 new energy vehicles[168]. - The company has taken steps to reduce carbon emissions through various initiatives, including energy-saving measures and waste reduction practices[168]. - The company has published its 2022 Social Responsibility Report on April 28, 2023, detailing its commitment to social and environmental responsibilities[170]. Research and Development - R&D expenses increased by 146.62% to ¥28,417,950.19, reflecting the company's increased investment in solid waste treatment and smart sanitation research[64]. - The number of R&D personnel rose by 79.55% to 88, indicating a significant increase in the company's research capacity[67]. - The company completed 6 patents related to solid waste treatment and smart sanitation systems, enhancing its technological capabilities[66]. - The company is developing a smart sanitation information system aimed at improving data management and analysis for smart city services[65]. Governance and Management - The company emphasizes the importance of accurate and complete financial reporting, with all board members present for the meeting[4]. - The company has a diverse board of directors, with various independent directors ensuring governance integrity[120]. - The company has a robust financial accounting system and independent financial decision-making capabilities, with no shared financial resources with controlling entities[114]. - The company has established a comprehensive anti-corruption management system, including measures against commercial bribery and illegal appropriation of company assets[111]. - The company has a structured decision-making process for determining the remuneration of its senior management[130]. Market Expansion and Future Plans - In 2023, the company plans to accelerate market capture and expand into new business areas in response to market trends[94]. - The company aims to strengthen its market expansion and profitability through the establishment of new entities in various cities[92]. - The company is focusing on enhancing its project management capabilities to mitigate future delays and improve efficiency[84]. - The company is exploring potential mergers and acquisitions to further strengthen its market position and service capabilities[128]. Financial Management and Investments - The company has made significant progress in R&D projects, including the development of a carbon emission quantitative inversion system and a rural sewage treatment system[66]. - The company reported a net cash outflow from investment activities of ¥470,627,519.81, a 29.55% improvement from the previous year[69]. - The company has committed to specific investment projects using the raised funds, but details on the progress and adjustments are pending[82]. - The company has not engaged in any securities or derivative investments during the reporting period[76][77]. Employee and Labor Management - The total number of employees at the end of the reporting period was 61,703, with 14,637 from the parent company and 47,066 from major subsidiaries[142]. - The company has implemented a continuous and stable profit distribution policy, focusing on reasonable returns for investors while ensuring sustainable development[147]. - The company emphasizes competitive salary packages, including wages, performance bonuses, and various insurance benefits, while continuously improving its compensation system[144]. - The company has established a performance management system to better motivate employees and enhance productivity[144].