Financial Performance - The company's operating revenue for 2022 was ¥976,038,553.25, representing a 1.84% increase compared to ¥958,416,628.84 in 2021[17]. - The net profit attributable to shareholders for 2022 was ¥75,197,617.05, a decrease of 11.40% from ¥84,871,998.69 in 2021[17]. - The basic earnings per share for 2022 was ¥0.71, down 31.73% from ¥1.04 in 2021[17]. - The total assets at the end of 2022 were ¥2,643,517,523.09, an increase of 4.31% from ¥2,534,390,694.58 at the end of 2021[17]. - The net cash flow from operating activities improved to -¥64,733,908.76 in 2022, a 54.58% improvement from -¥142,520,627.24 in 2021[17]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2022, representing a year-over-year increase of 15%[125]. - The company reported a total revenue of 1.5 billion yuan for the fiscal year 2022, representing a year-over-year increase of 12%[134]. - The gross profit margin improved to 35% in 2022, up from 30% in 2021, reflecting better cost management and pricing strategies[125]. - The company reported a significant increase in landscape design revenue, which rose by 49.46% year-on-year to 43.04 million yuan[56]. - The company reported a significant increase in sales of seedlings, reaching 297.4 million, which is a 100% utilization of production capacity[196]. Dividend 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 105,600,000 shares[3]. - The profit distribution policy states that cash dividends will not be less than 10% of the distributable profit for the year, with a cumulative distribution of at least 30% of the average distributable profit over the last three years[151]. - The profit distribution plan for 2022 proposes a cash dividend of RMB 1.00 per 10 shares and a capital reserve increase of 5 shares for every 10 shares held[158]. - The company emphasizes a stable profit distribution policy that balances investor returns with sustainable development[151]. - The company reported a commitment to maintain a long-term dividend return plan, ensuring investor returns over the next three years[175]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and performance forecasts[3]. - The company has a comprehensive risk management strategy outlined in the management discussion section of the report[3]. - The company faces risks from natural disasters that can severely damage planted seedlings and flowers, impacting project costs and timelines[102]. - The company is exposed to intensified market competition as industry consolidation continues, leading to a narrowing gap between competitors[103]. - The net cash flow from operating activities is low due to the capital-intensive nature of the landscaping industry, which may lead to negative cash flow if project scales increase significantly[103]. Corporate Governance - The company adheres to legal and regulatory requirements for corporate governance, ensuring equal rights for all shareholders[109]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance standards[110]. - The company maintains transparency in information disclosure, providing equal access to information for all shareholders[111]. - The internal audit system is effectively implemented to enhance management and control operational risks[112]. - The company operates independently from its controlling shareholders in terms of assets, personnel, finance, organization, and business[113]. Research and Development - The company established several research centers, including a Plant Variety Research Center and an Ecological Restoration Research Center, to enhance R&D capabilities[72]. - The company increased its R&D investment to ¥34,831,025.78 in 2022, representing 3.57% of its operating revenue, up from 0.91% in 2021[71]. - The number of R&D personnel rose by 52.63% to 116 in 2022, with a notable increase in the proportion of personnel holding bachelor's degrees[71]. - The company is conducting research on utilizing garden waste for ecological restoration and urban waste management, aiming to develop a technology suite for waste utilization[66]. - The company is focusing on urban ecological civilization development through innovative water management solutions[67]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[125]. - The company aims to enhance cash flow by improving project payment methods and strengthening communication with clients[104]. - The company plans to expand its supplier network and establish long-term strategic partnerships to mitigate procurement price volatility risks[105]. - The company is actively working on projects that integrate ecological restoration with urban landscape improvement[69]. - The company plans to adjust the implementation locations and subjects for the "Jinpu Landscaping Design Service Network Construction Project" to four new cities by December 31, 2023[91]. Employee and Management - The total number of employees at the end of the reporting period is 523, with 409 in the parent company and 104 in major subsidiaries[147]. - The company implements a flexible salary system based on job roles and skills, linking performance to compensation to enhance employee motivation[148]. - The company has established Jinpu Academy to provide training focused on corporate culture and modern management theories, addressing professional skills and management[149]. - The total remuneration paid to directors, supervisors, and senior management in 2022 amounted to CNY 5.4 million[137]. - The company has independent rights for human resources recruitment and management, with all senior management personnel exclusively working for the company[113]. Environmental and Social Responsibility - The company actively participates in social responsibility initiatives, donating over 1 million yuan to local charities in 2022[169]. - The company adheres to environmental protection laws and has implemented internal management systems to mitigate environmental impacts during operations[167]. - Jinpu Garden's strategy focuses on sustainable development and creating demonstration villages for rural revitalization and urban-rural integration[170]. - The company is involved in planning and design, construction, and operation maintenance for rural projects[170]. - The company has established long-term cooperative relationships with clients, focusing on customer satisfaction and service quality[168].
金埔园林(301098) - 2022 Q4 - 年度财报