MCST(SZ:300355)2023-04-24 16:00Financial Performance - The company's operating revenue for 2022 was CNY 2,222,443,019.88, a decrease of 23.66% compared to CNY 2,911,426,895.07 in 2021[23]. - The net profit attributable to shareholders for 2022 was CNY 184,937,075.78, down 40.19% from CNY 309,192,312.11 in the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 116,060,975.30, a decline of 61.78% from CNY 303,693,284.35 in 2021[23]. - The basic earnings per share for 2022 was CNY 0.08, a decrease of 50.00% compared to CNY 0.16 in 2021[23]. - The total assets at the end of 2022 amounted to CNY 16,055,539,180.96, reflecting a slight increase of 0.28% from CNY 16,010,930,345.17 at the end of 2021[23]. - The net assets attributable to shareholders at the end of 2022 were CNY 5,000,260,622.59, a minor decrease of 0.08% from CNY 5,004,267,495.86 in 2021[23]. - The cash flow from operating activities for 2022 was CNY 351,202,511.41, down 39.41% from CNY 579,662,541.03 in the previous year[23]. - The weighted average return on net assets for 2022 was 2.94%, a decrease of 3.09% from 6.03% in 2021[23]. Revenue Breakdown - Revenue from natural ecosystem protection management was ¥2,192,164,122.70, accounting for 98.64% of total revenue, down 22.77% from ¥2,838,606,031.26 in the previous year[69]. - Revenue from ecological environment construction and operation was ¥2,173,814,756.76, which is 97.81% of total revenue, reflecting a decrease of 22.84% from ¥2,817,291,705.49[69]. - The company reported a significant decrease in revenue from natural ecosystem protection management, totaling CNY 1,392.75 million in 2022, down 19.33% from CNY 1,726.51 million in 2021[80]. Cash Flow and Investments - Operating cash inflow decreased by 24.25% to CNY 1,949,970,334.01 in 2022 from CNY 2,574,241,867.48 in 2021[91]. - Net cash flow from operating activities fell by 39.41% to CNY 351,202,511.41 compared to CNY 579,662,541.03 in the previous year[91]. - Investment cash inflow decreased by 39.58% to CNY 111,175,997.12 from CNY 184,017,716.10 in 2021[91]. - Net cash flow from investment activities turned positive at CNY 71,729,110.04, a significant increase of 279.62% from a negative CNY 39,934,689.31 in 2021[91]. - Financing cash inflow decreased by 10.75% to CNY 2,826,541,770.59 from CNY 3,167,092,674.08 in the previous year[91]. Ecological Initiatives - The company is focused on ecological restoration and environmental governance, with policies driving growth in the ecological industry, as indicated by increased government investment in environmental protection[32]. - The company has completed over 10,000 ecological restoration and environmental governance projects, covering nearly 30 million mu of various ecological types of land[39]. - The company has restored 10 million mu of degraded grassland and implemented national standards for grassland restoration technology[48]. - The company is a leading participant in the grassland carbon sink sector, actively developing carbon sink reserves and establishing regional and international standards[41]. - The company is actively pursuing new strategies in ecological management, with a focus on enhancing its market presence through various PPP projects across different regions[75]. Research and Development - The company has undertaken a total of 179 special scientific research projects, including 23 national-level projects and 104 provincial-level projects[65]. - The company applied for 75 patents in 2022, bringing the total number of patent applications to 489, with 239 patents granted[66]. - R&D investment reached CNY 197.14 million in 2022, accounting for 8.87% of operating revenue, up from 6.22% in 2021 and 5.57% in 2020[90]. - The company aims to apply for 2-5 invention patents and publish 5-8 core journal articles as part of its R&D initiatives[89]. Governance and Management - The company has established a complete governance structure, including a shareholders' meeting, board of directors, supervisory board, and management team, all operating independently[126]. - The governance structure has been enhanced, with the board consisting of nine members, including three independent directors, ensuring effective decision-making[120]. - The company has held three shareholder meetings during the reporting period, adhering to legal requirements and ensuring equal treatment of all shareholders[119]. - The company has established independent human resource management systems, ensuring that all personnel are contracted and compensated directly by the company[124]. - The company has a diverse management team with various backgrounds, including experience in finance, law, and media[138]. Employee and Shareholder Relations - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 8.83 million CNY[140]. - The company has maintained a focus on employee welfare, including health checks and cultural activities to enhance employee satisfaction[153]. - The employee stock ownership plan involved 338 employees holding a total of 36,194,917 shares, accounting for 2.26% of the company's total equity[160]. - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, and has implemented a cash dividend policy[171]. Social Responsibility - The company actively fulfills its social responsibilities by promoting rural revitalization and poverty alleviation initiatives[177]. - The company integrates ecological construction with poverty alleviation through various forms such as industrial, employment, asset income, ecological, and technological poverty alleviation[177]. - The company employs approximately 5,000 seasonal workers annually for land leveling, sowing, and field management, significantly boosting local farmers' income[177].