TMMT(SZ:300334)2023-04-18 16:00Financial Performance - The company's operating revenue for 2022 was ¥244,813,144.24, a decrease of 48.28% compared to ¥473,336,155.34 in 2021[23]. - The net profit attributable to shareholders for 2022 was -¥184,656,511.85, representing a decline of 752.60% from ¥28,295,675.93 in 2021[23]. - The net cash flow from operating activities was ¥4,374,452.23, down 93.83% from ¥70,856,510.64 in the previous year[23]. - The total assets at the end of 2022 were ¥1,534,759,509.42, a decrease of 3.17% from ¥1,585,013,039.67 at the end of 2021[23]. - The company's net assets attributable to shareholders decreased by 23.74% to ¥587,546,315.46 from ¥770,486,831.33 in 2021[23]. - The basic earnings per share for 2022 was -¥0.61, a decline of 777.78% compared to ¥0.09 in 2021[23]. - The weighted average return on equity was -27.19% in 2022, down 30.93% from 3.74% in 2021[23]. - The company reported a total of ¥4,053,714.32 in non-recurring gains and losses for 2022, compared to ¥22,326,810.29 in 2021[30]. - The company's financial expenses increased by 42.54% in 2022, amounting to ¥43,188,687.42, primarily due to increased shareholder loans and subsidiary interest expenses[66]. Operational Challenges - The company's performance declined due to external environmental fluctuations, resulting in decreased production line operating rates and delivery delays[4]. - Major raw material prices increased significantly, leading to a decrease in membrane product gross profit by RMB 23.04 million compared to the same period last year[4]. - The gross profit from membrane engineering decreased by RMB 78.83 million year-on-year due to reduced new and ongoing engineering projects and provisions for litigation liabilities[4]. - Credit impairment losses increased by RMB 43.56 million, primarily due to provisions for overdue accounts receivable[4]. - Asset impairment losses rose by RMB 15.88 million, mainly from provisions for engineering project asset impairments[4]. - Other income decreased by RMB 7.01 million due to lower amortization of government subsidies for research projects[5]. - The company faced significant challenges due to external economic fluctuations, resulting in production line downtime and increased raw material costs[51]. Strategic Focus and Future Plans - The company plans to maintain its focus on membrane products and technology services, aiming to enhance revenue and performance as external conditions improve in 2023[5]. - The company aims to achieve a national environmental equipment manufacturing industry output value of 1.3 trillion yuan by 2025, focusing on membrane technology as a key direction[36]. - The company is involved in providing wastewater treatment operation and technical services, primarily to government agencies and municipal units[45]. - The company is exploring opportunities for mergers and acquisitions to strengthen its market position[57]. - The company aims to improve its market share by enhancing product quality and developing innovative membrane technologies[69]. - The company plans to invest in new product and process development, technology upgrades, and market expansion in 2023, leveraging cash flow and financing[100]. Research and Development - The company has made significant breakthroughs in membrane material improvement, product research and development, and application of membrane technology processes during the reporting period[47]. - The company applied for 17 patents, with 6 patents granted, and received multiple national-level research project completions[47]. - The company is focused on enhancing its technological capabilities through research and development initiatives[57]. - In 2022, the company's R&D investment amounted to ¥24,089,784.21, representing 9.84% of operating revenue, an increase from 5.93% in 2021[71]. - The company has developed a new low-cost, high-performance PVDF modified membrane with independent intellectual property rights, significantly reducing investment and operating costs for membrane separation applications[69]. Governance and Management - The company is committed to maintaining a governance structure that complies with relevant laws and regulations to ensure transparency and protect shareholder interests[112]. - The company established a performance evaluation and incentive mechanism for senior management, aligning with its development status[119]. - The company reported a change in senior management, with the resignation of key personnel including the chief scientist and deputy general manager[126]. - The company has a significant focus on R&D, with a new Chief Scientist appointed to enhance technological advancements[128]. - The company is committed to maintaining a strong leadership structure to support its growth and market expansion strategies[128]. Environmental Compliance - The company achieved a COD discharge concentration of 21.6 mg/L, significantly below the regulatory limit of 50 mg/L, with a total COD discharge of 1,033 tons[183]. - The company reported a total nitrogen (TN) discharge of 10.6 mg/L, which is also below the regulatory limit of 15 mg/L, with a total TN discharge of 518 tons[183]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[189]. - The company has committed to increasing the use of renewable energy by replacing traditional lighting with solar-powered LED lights[189]. - The company has established emergency response plans for environmental incidents, which have been filed with local environmental authorities[185].