BESTWAY(SZ:300008)2024-01-16 16:00Financial Performance - The company's operating revenue for 2022 reached ¥2,729,514,250, representing a 96.26% increase compared to ¥1,421,746,400 in 2021[27]. - Net profit attributable to shareholders was ¥138,415,640, a significant increase of 432.97% from ¥25,970,776.3 in the previous year[27]. - The net cash flow from operating activities was ¥343,004,740, showing a 285.39% increase from ¥185,016,783 in 2021[27]. - Basic earnings per share rose to ¥0.0801, up 434.00% from ¥0.0150 in 2021[27]. - Total assets at the end of 2022 amounted to ¥3,821,042,830, reflecting a 55.91% increase from ¥2,450,762,070 in 2021[27]. - The company's net assets attributable to shareholders increased by 5.75% to ¥1,773,749,750 from ¥1,677,352,670 in 2021[27]. - The company reported a quarterly revenue of ¥944,491,503.21 in Q4 2022, with a net profit of ¥56,925,869.62 attributable to shareholders[30]. - The company experienced a significant increase in net profit from non-recurring gains, which reached ¥119,605,722 in 2022, compared to ¥15,399,264.7 in 2021[27]. - The weighted average return on net assets improved to 7.93% in 2022, up from 1.56% in 2021[27]. - The company reported a total revenue of 3,980 million, with a significant increase of 987.2 million compared to the previous year, representing a growth rate of approximately 24.8%[78]. Business Segments and Operations - The company has three main business segments: marine engineering, defense equipment, and energy, and is enhancing R&D and marketing efforts to ensure sustainable growth[9]. - The defense equipment business includes production and sales of emergency rescue equipment, special vessels, underwater security equipment, and intelligent ship equipment[42]. - The company’s defense equipment business includes the design and assembly of military auxiliary vessels and special defense equipment, with a solid foundation for future development[54]. - The company’s subsidiary, Jinhaiyun, focuses on special defense equipment and has developed products such as emergency rescue equipment and underwater security gear, with new orders in 2022 including unmanned vessels and underwater security products[54]. - The company has established a comprehensive integrated service capability, combining design, supervision, and manufacturing in the shipbuilding industry[64]. - The company is positioned as a leading provider of comprehensive solutions in ship design and construction, defense equipment, and new energy services[46]. - The company is actively exploring the application of new energy sources such as methanol, ammonia, hydrogen, and batteries in the shipping sector[43]. - The company has accumulated rich technology and experience in the field of natural gas applications, particularly in LNG cargo systems and fuel supply systems[43]. Market and Industry Outlook - The shipbuilding industry in China remains the largest globally, with a positive long-term outlook for new shipbuilding markets, although short-term volatility risks are accumulating[4]. - The company’s shipbuilding completion volume accounted for 47.3% of the global total, maintaining its position as the world's largest shipbuilding nation[39]. - The company’s defense spending is projected to grow by 7.2% in 2023, amounting to ¥1.58 trillion[40]. - The company is actively pursuing market expansion, with plans to enter new geographical regions, aiming for a 19.50% increase in market share over the next two years[79]. Risk Management - The company faces foreign exchange risks primarily from export ship orders denominated in USD and EUR, and will continue to implement hedging measures to mitigate these risks[5]. - There is a risk of customer defaults due to macroeconomic uncertainties, and the company is strengthening credit investigations and contract management to mitigate this risk[7]. - The company has established a risk management system for futures hedging, ensuring compliance with internal regulations and market conditions[107]. - The company has no speculative derivative investments during the reporting period, maintaining a conservative investment approach[108]. Research and Development - The company is focusing on new technology research and development, particularly in offshore wind power construction equipment, capitalizing on market opportunities[63]. - The company’s R&D investment amounted to ¥87,075,996.91 in 2022, representing 3.19% of operating revenue, a decrease from 4.55% in 2021[92]. - The company is focusing on research and development to innovate new products in the marine engineering sector[80]. - The company has completed the design and testing of an intelligent rescue unmanned boat, enhancing its capabilities in emergency rescue operations[90]. Governance and Management - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[128]. - The supervisory board has 5 members, including 2 employee representatives, and held 8 meetings during the reporting period[130]. - The company has established a performance evaluation and incentive mechanism for directors and senior management, linking their compensation directly to company performance[131]. - The company emphasizes the independence of its operations from the controlling shareholder, ensuring complete separation in assets, personnel, finance, and business[135]. - The company maintains a stable governance structure with no reported dismissals or resignations among senior management[139]. Employee and Labor Relations - The total number of employees at the end of the reporting period was 1,311, with 503 in production, 63 in sales, 413 in technology, 34 in finance, and 298 in administration[167]. - The company has implemented a training program to enhance employee skills through both online and offline platforms[170]. - The employee stock ownership plan included 244 employees holding a total of 11,450,400 shares, representing 0.66% of the company's total equity[174]. - The company maintained a salary policy aligned with job value, providing various employee benefits to attract and retain talent[169]. Strategic Initiatives - The company plans to invest in new technologies to enhance its product offerings and improve operational efficiency[80]. - The company aims to achieve a healthy development pattern through technology leadership and military-civilian integration[121]. - The company is actively pursuing partnerships with other firms to enhance its technological capabilities and market reach[102]. - The company has established a new investment fund aimed at supporting innovative projects in the defense sector[102]. Related Party Transactions - The company guarantees that it will not use related party transactions to harm the interests of Tianhai Defense and its shareholders[199]. - The company ensures compliance with legal and regulatory requirements in related party transactions[199]. - The company has committed to maintaining a minimum shareholding ratio of 5% in Tianhai Defense during the lock-up period following the transaction[200].