Yongfu(SZ:300712)2023-04-26 16:00Dividend and Profit Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders, based on a total of 185,252,160 shares[3]. - The board of directors has approved a profit distribution plan, with no bonus shares to be issued[3]. Risk Management and Transparency - The company emphasizes the importance of risk awareness regarding future plans and development strategies[3]. - The financial report has been confirmed as true, accurate, and complete by the company's management[3]. - The company has outlined potential risks that may affect its future development in the report[3]. - The company is committed to transparency and has made all relevant documents available for public review[9]. - The company operates under the supervision of the China Securities Regulatory Commission and adheres to relevant accounting standards[12]. Financial Performance - The company's operating revenue for 2022 was ¥2,192,058,476.27, representing a 39.81% increase compared to ¥1,567,918,028.98 in 2021[21]. - The net profit attributable to shareholders for 2022 was ¥83,704,608.72, a significant increase of 105.33% from ¥40,765,880.21 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥48,588,020.41, which is a 160.31% increase compared to ¥18,665,102.47 in 2021[21]. - The basic earnings per share for 2022 was ¥0.4551, up 103.26% from ¥0.2239 in 2021[21]. - The total assets at the end of 2022 were ¥3,381,642,034.32, an increase of 11.75% from ¥3,026,063,113.49 at the end of 2021[21]. - The net assets attributable to shareholders increased by 19.89% to ¥1,338,985,016.46 at the end of 2022 from ¥1,116,859,748.47 at the end of 2021[21]. - The cash flow from operating activities for 2022 was ¥184,410,529.77, a slight increase of 1.77% from ¥181,196,848.44 in 2021[21]. - The company reported quarterly revenues of ¥413,901,890.98, ¥490,491,464.62, ¥590,057,963.09, and ¥697,607,157.58 for Q1, Q2, Q3, and Q4 respectively in 2022[23]. - The company’s weighted average return on equity for 2022 was 6.81%, up from 3.83% in 2021[21]. Business Operations and Market Position - The company focuses on engineering consulting and design services, contributing to its revenue streams[12]. - The company is involved in the development of clean and renewable energy projects, aligning with industry trends[12]. - The company has a total of 5 subsidiaries and is involved in various sectors including power engineering and renewable energy[21]. - The company is recognized as a leading comprehensive service provider in the power energy sector, offering a full lifecycle service from project development to intelligent operation[40]. - The company holds the highest national qualifications in the power industry, including Class A engineering design and comprehensive Class A engineering surveying qualifications[40]. - The company aims to become an internationally recognized comprehensive energy service provider, focusing on integrated power energy solutions, household photovoltaic systems, and digital energy services, with a market presence in Southeast Asia, Africa, and the Middle East[44]. Revenue Streams and Growth - The company achieved a revenue of 2.192 billion yuan, representing a year-on-year growth of 39.81%, and a net profit of 83.7046 million yuan, up 105.33% year-on-year[95]. - The company's survey and design (including planning consulting) business generated a revenue of 366.703 million yuan, an increase of 51.86% compared to the previous year[97]. - The EPC engineering contracting business reported a revenue of 1.6525875 billion yuan, reflecting a growth of 30.94% year-on-year[100]. - The intelligent operation and maintenance business achieved a revenue of 28.2417 million yuan, marking a significant increase of 76.47% from the previous year[102]. - The household photovoltaic power station system integration products and services generated a revenue of 85.318 million yuan during the reporting period[104]. - The digital energy products and services business recorded a revenue of 57.1595 million yuan, indicating a positive sales momentum[106]. Strategic Initiatives and Future Outlook - The company plans to expand its market presence, particularly in overseas regions, to leverage the significant growth potential[113]. - The company is focusing on the development of new energy products and services, including household photovoltaic power station products[111]. - The company reported a future outlook with a revenue guidance of 28% growth for the next fiscal year, aiming to reach 32,478 million[123]. - The company aims to achieve a revenue target of 50,000 million for the next fiscal year, representing a growth target of approximately 20%[126]. - The company is actively pursuing market expansion strategies, including potential mergers and acquisitions to strengthen its market position[126]. - The company is committed to strengthening traditional business while seizing opportunities in emerging sectors to maintain competitive advantages[187]. Research and Development - The company emphasizes technology innovation and research, actively developing new technologies and methods in the power engineering field[61]. - The company has a structured training mechanism to enhance research and innovation capabilities, ensuring long-term development[63]. - The company is investing 499.6 million in R&D for new technologies aimed at improving energy efficiency[121]. - Research and development expenses increased by 28.13% to ¥71,137,973.90 compared to the previous year[135]. - The company is focusing on developing a modern power energy digital service platform to support data exchange and collaborative work among different software[136]. Operational Efficiency and Cost Management - The company has established a comprehensive quality control mechanism for equipment and materials procurement in EPC projects, ensuring compliance with legal standards and customer requirements[68]. - The company utilizes a dynamic control system for spare parts procurement in its intelligent operation and maintenance business, aiming to reduce costs and minimize waste[71]. - The company has a structured approach to project execution, appointing project managers and teams to ensure high-quality deliverables in power engineering design and EPC projects[77][78]. - The company is focusing on enhancing its EPC capabilities and expanding its service offerings in the renewable energy sector[130]. Market Trends and Industry Insights - The domestic power sector investment in 2022 was 720.8 billion, reflecting a growth of 30.35% from the previous year[34]. - The newly installed capacity for solar and wind power in China exceeded 120 million kilowatts in 2022, setting a historical record[34]. - The total investment in China's power grid construction in 2022 was 501.2 billion, showing a year-on-year increase of 2.0%[37]. - The market size of China's smart grid reached approximately 97.94 billion in 2022, with a projected growth to 107.72 billion in 2023[38]. - The offshore wind power industry is rapidly developing, supported by favorable policies, with a significant market investment outlook due to the increasing demand for renewable energy[143]. Governance and Compliance - The company has established a robust governance structure in compliance with relevant laws and regulations to improve operational efficiency[199]. - The company has implemented measures to facilitate shareholder participation in meetings, including online voting options[200]. - The company is committed to enhancing its internal control systems to ensure effective governance and compliance[199].