CSG(SZ:300222)2023-04-21 16:00Financial Performance - The overall operating revenue of Keda Intelligent increased compared to the previous year, with a significant growth in the new energy business[5]. - Keda Intelligent did not achieve its goal of turning a profit during the reporting period, primarily due to adverse external operating conditions and macroeconomic impacts[5]. - The net profit attributable to shareholders was -¥292,320,323.46, a significant decline of 192.89% from -¥99,806,508.55 in the previous year[29]. - The net cash flow from operating activities was -¥97,707,453.83, a decrease of 381.75% compared to -¥20,281,843.11 in 2021[29]. - The total assets at the end of 2022 were ¥5,785,863,578.19, down 10.58% from ¥6,470,385,160.99 at the end of 2021[29]. - The net assets attributable to shareholders decreased by 13.99% to ¥1,795,945,627.39 from ¥2,087,953,453.27 in 2021[29]. - The basic earnings per share for 2022 was -¥0.37, a decline of 184.62% from -¥0.13 in 2021[29]. - The company reported a total revenue after deducting unrelated business income of ¥2,951,436,319.67, compared to ¥2,856,070,128.76 in 2021[30]. - The company experienced a quarterly revenue of ¥1,046,777,563.22 in Q4 2022, which was the highest among the four quarters[32]. - The company’s weighted average return on equity was -15.05% for 2022, worsening from -5.81% in 2021[29]. - The company has indicated uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[29]. Business Strategy and Operations - The company plans to optimize its business structure by reducing the scale of its intelligent manufacturing operations due to poor profitability[5]. - The company is focusing on the development of smart electrical and new energy sectors, continuing to invest in R&D and market expansion[5]. - The company acknowledges risks related to industrial policies, macroeconomic fluctuations, and increased market competition[6]. - The company emphasizes the importance of rational investment and risk awareness for investors[6]. - The company operates primarily in three sectors: smart electricity, new energy, and intelligent manufacturing, with a focus on technological innovation and market expansion[41][47]. - The smart electricity sector is experiencing a shift towards intelligent grids, driven by government policies aimed at enhancing power supply safety and reliability[42][43]. - In the new energy sector, the number of charging stations is expected to increase significantly, with projections indicating a market size exceeding 100 billion yuan by 2025[46]. - The intelligent manufacturing industry is seeing a rise in demand for personalized products, with a focus on service-oriented business models to enhance customer satisfaction[47][50]. - The company’s business model includes a "sales-driven production" approach, particularly in the new energy and intelligent manufacturing sectors, to meet customer-specific needs[50]. - The company has established strong relationships with major clients such as State Grid and Southern Power Grid, primarily acquiring orders through bidding processes[48]. - The company has achieved a strong market position in the power industry, focusing on technological innovation and holding ISO9001, CANS certifications, which enhances its competitive edge[51]. - The company has developed a comprehensive smart charging management platform that enables remote diagnostics and lifecycle tracking of charging equipment, enhancing operational efficiency[56]. - The company is actively expanding its market presence in the smart manufacturing sector, providing customized solutions and maintaining a high market share in industries such as automotive and engineering machinery[52]. - The company is positioned to capture more market share in the rapidly growing electric vehicle charging and battery swap market, driven by supportive government policies and increasing EV sales[51]. - The company emphasizes the integration of advanced technologies like 5G and AI in its operations, enhancing its competitive advantage in the industrial automation sector[60]. - The company aims to continue expanding its product offerings and market reach through strategic marketing and service management improvements[61]. Research and Development - The company has accumulated 117 invention patents, 670 utility model patents, and 108 design patents, showcasing its strong R&D capabilities and commitment to innovation[60]. - Research and development expenses were reported at ¥221,786,973.20, showing a slight increase of 0.03% compared to the previous year[85]. - The company’s R&D investment amounted to ¥221,786,973.20 in 2022, accounting for 6.66% of operating revenue, a decrease from 7.67% in 2021[92]. - The number of R&D personnel increased to 795 in 2022, representing 36.09% of the total workforce, down from 38.77% in 2021[88]. - The company plans to enhance its R&D investment in new energy products, including energy storage systems and charging stations[68]. Market Expansion and Client Relations - The company focused on six major regions for market expansion, including Shanghai, Zhejiang, Jiangsu, Anhui, Fujian, and Shandong[69]. - The company reported a significant increase in other business revenue by 1,055.02%, amounting to CNY 380,887,188.59[72]. - The company intends to solidify its profit base by focusing on high-margin products and improving cost control measures[130]. - The company will deepen customer relationships to increase revenue from high-quality clients and enhance customer loyalty[128]. - Future strategies include expanding market outreach to leading enterprises to increase the proportion of high-quality clients and further mitigate accounts receivable risks[134]. Financial Management and Governance - The company has established a comprehensive internal control system to ensure effective governance and risk management[188]. - The internal audit department operates independently and reports to the audit committee, ensuring oversight of financial and operational matters[188]. - The company has implemented a budget management system to regulate budget preparation, execution, and control processes[198]. - Performance evaluation systems are in place to objectively assess employee performance and drive overall company performance improvement[199]. - The company has developed a management system for external guarantees to control associated risks effectively[200]. Shareholder and Management Information - The total shares held by the chairman and president Huang Mingsong at the end of the reporting period was 191,365,862 shares[155]. - The total shares held by vice president Wang Tingting at the end of the reporting period was 83.105 shares[155]. - The total shares held by vice president and financial director Mu Junbo at the end of the reporting period was 1,188,000 shares[155]. - The company has a diverse board with members having backgrounds in technology, finance, and law[159]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 5.37 million[167]. - Huang Mingsong, the Chairman and CEO, received a total pre-tax remuneration of CNY 1.32 million[166]. - The company has a structured remuneration decision-making process based on performance evaluation and job responsibilities[165]. - The board of directors held six meetings during the reporting period, with all members present at least once[169]. - The company has a total of 10 directors and supervisors, with varying levels of remuneration based on their roles[167]. Future Outlook and Challenges - The company plans not to distribute profits or conduct capital reserve transfers due to negative distributable profits as of the end of 2022[181]. - The company emphasizes its commitment to investor returns and will consider various factors related to profit distribution in the future[183]. - The company faces risks from macroeconomic fluctuations and intensified market competition, which could impact its operational performance[132][133]. - The company will continue to monitor policy changes and market dynamics to capture opportunities in the new energy sector[132]. - The company has established strict management protocols for the use of raised funds to ensure compliance and protect investor interests[111].