SSET(SZ:300540)2023-03-30 16:00Financial Performance - The net profit attributable to shareholders was negative, primarily due to a significant reduction in order execution volume and the impact of the pandemic, leading to a noticeable year-on-year revenue decline [4]. - The company's operating revenue for 2022 was ¥238,998,211.93, a decrease of 55.18% compared to ¥533,244,496.45 in 2021 [22]. - The net profit attributable to shareholders was -¥25,101,266.64, improving from -¥76,435,676.49 in 2021 [22]. - The net cash flow from operating activities was ¥60,844,286.32, a significant recovery from -¥50,727,951.98 in 2021 [22]. - The company reported a basic and diluted earnings per share of -¥0.1592, an improvement from -¥0.6130 in 2021 [22]. - In 2022, the company achieved operating revenue of 239 million yuan, a decrease of 55.18% year-on-year, while the net profit attributable to shareholders was 25.1013 million yuan, reducing losses by 67.16% [41]. Market Strategy and Development - The company aims to actively explore market opportunities while strictly controlling costs to enhance sustainable operating and profitability capabilities [4]. - The company plans to expand its market presence in the LNG sector, capitalizing on the increasing domestic consumption and international demand [32]. - The company is focusing on technological advancements and product development in the industrial gas sector to meet the evolving market needs [32]. - The company is positioned to benefit from the growing demand for LNG and industrial gases, driven by national policies and market trends [32]. - The company is pursuing international market expansion, particularly in regions such as Russia, the Middle East, Indonesia, and Nigeria, to export its cryogenic technology products [101]. Research and Development - The company invested 21.4 million yuan in R&D in 2022, resulting in 14 patents granted, including a methane washing system for deep cold separation of CO and H2 [45]. - The company is focusing on the development of hydrogen production and purification technology, having completed the R&D and patent registration for hydrogen liquefaction units and nitrogen extraction devices [34]. - The company has made significant progress in various R&D projects, including the completion of high-purity methane production processes and CO2 recovery technologies [68]. - The company has 98 R&D personnel in 2022, accounting for 26.34% of the total workforce, up from 26.00% in 2021 [68]. Corporate Governance - The company maintains complete independence from its controlling shareholder in terms of assets, personnel, finance, and operations [120]. - The company has established an independent financial department and operates a separate accounting system, ensuring independent financial decision-making [121]. - The company strictly adheres to information disclosure regulations, ensuring timely and fair communication with investors [118]. - The company held a total of 4 shareholder meetings during the reporting period [116]. Environmental and Quality Management - The company has established an environmental management system in compliance with GB/T 24001-2016/ISO 14001:2015 standards, achieving certification without any administrative penalties for environmental issues during the reporting period [167]. - The company emphasizes quality control throughout the production process, ensuring product quality and compliance with industry standards [37]. - The company has established a robust quality management system, achieving recognition as a "Green Enterprise" in Chengdu for its environmental practices [47]. Financial Management - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to RMB 4.442 million [141]. - The company has not faced any penalties from securities regulatory authorities for its directors, supervisors, and senior management in the past three years [140]. - The company has complied with the regulatory requirements for the management and use of raised funds, ensuring accurate and timely disclosures [89]. Risk Management - The company faces significant risks related to accounts receivable management, with a large balance impacting asset quality and financial status, and is implementing measures to improve collection efforts [111]. - The company is expanding its business segments, which introduces new operational management and risk control challenges, and is optimizing internal control mechanisms to address these risks [111]. Employee Management - The total number of employees at the end of the reporting period was 372, with 298 in the parent company and 74 in major subsidiaries [150]. - The company has implemented a comprehensive training system to enhance employee skills and overall quality [152]. - The company established a flexible compensation system linked to performance, ensuring employee interests are protected [151]. Subsidiary and Investment Activities - The company completed the acquisition of Chengdu Deep Cold Technology Co., Ltd., increasing its ownership to 100% and enhancing its control over the subsidiary [161]. - The company added one new subsidiary, Inner Mongolia Deep Cooling Special Gas Co., Ltd., holding 75% of its shares, and increased its stake in Chengdu Deep Cooling Technology Co., Ltd. from 60% to 100% [63].