海力风电(301155) - 2022 Q4 - 年度财报

Financial Performance - In 2022, the company achieved operating revenue of RMB 1,632,735,416.09, a decrease of 70.09% compared to RMB 5,458,269,681.72 in 2021[13] - The net profit attributable to shareholders was RMB 20,507,540, a decline of 81.57% year-on-year[8] - The net profit attributable to shareholders for 2022 was ¥205,075,396.70, down 81.57% from ¥1,112,682,334.92 in 2021[88] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥49,009,873.65, a decline of 95.57% compared to the previous year[88] - The net cash flow from operating activities for 2022 was -¥129,389,348.91, a decrease of 118.41% from ¥702,873,956.88 in 2021[88] - The basic earnings per share for 2022 was ¥0.94, down 85.84% from ¥6.64 in 2021[88] - The company reported a negative net profit for the last year, indicating uncertainty in its ability to continue as a going concern[71] - The cash flow from operating activities was negative in three out of four quarters, with the highest negative cash flow recorded in the first quarter at -¥145,796,951.81[71] - The company experienced significant losses in the fourth quarter, with a net profit attributable to shareholders of -¥35,603,613.14[71] Production and Capacity - The company has established multiple production bases in coastal areas, including new bases in Nantong, Qidong, and Yancheng, to improve production capacity and market share[4] - The company aims to expand its production capacity to meet the growing demand for offshore wind power, as current capacity is insufficient to satisfy both domestic needs and its own growth rate[135] - The company plans to invest in new bases in Qidong and Hainan to facilitate overseas market expansion, although its primary customers are still domestic[149] - The company has a significant inventory increase of 733.33% for wind turbine towers, rising from 3 to 25 units, indicating potential challenges in sales[31] Market and Industry Trends - The global wind power installation capacity is expected to increase by 557 GW from 2022 to 2026, with a compound annual growth rate of approximately 6.6%[33] - Offshore wind power is projected to grow at a compound annual growth rate of 8.3%, with an average annual installation capacity of 18.1 GW during the same period[33] - China is forecasted to add a cumulative wind power installation capacity of 249.1 GW from 2022 to 2026, maintaining its position as the largest wind power market globally[33] - The domestic wind power bidding scale exceeded 100 GW in 2022, with offshore wind power bidding around 25 GW[122] - The planned offshore wind power capacity in coastal provinces is close to 110 GW, with a target grid-connected capacity of about 60 GW[122] Technological Innovation - The company holds 116 patent authorizations, including 9 invention patents, demonstrating its strong focus on technological innovation in offshore wind power equipment[18] - The company has developed core technologies in high-precision welding and surface anti-corrosion treatment, enhancing its competitive edge in the market[19] - The company is focused on developing new technologies and products to enhance its competitive advantage in the offshore wind power sector[113] - The company emphasizes continuous improvement in production processes, contributing to a virtuous cycle of technology innovation and product quality enhancement[19] Strategic Partnerships and Market Position - The company has established strong partnerships with major clients such as China Energy Group and Shanghai Electric, enhancing its market presence and customer loyalty[20] - The company has formed a joint venture with Zhongtian Technology to develop a new generation of offshore wind construction vessels, enhancing its competitive edge[9] - The company has established strong partnerships with major wind farm construction and operation companies, enhancing its market position[123] - The company aims to leverage synergies across three major sectors: equipment manufacturing, renewable energy development, and construction and operation maintenance[123] Government Policies and Support - The government has increased investment in power grid infrastructure, which supports the long-distance transmission of wind power and improves consumption issues[34] - The company is positioned to benefit from national policies aimed at promoting the development of offshore wind power, with specific subsidies outlined for projects completed between 2022 and 2024[100] - The government has introduced various policies to support offshore wind power projects, including financial incentives for projects located at least 50 km offshore[127] Environmental and Social Responsibility - The company has implemented measures to reduce carbon emissions, ensuring compliance with environmental standards[162] - The company emphasizes talent development, providing various training programs to enhance employee skills[163] - The company has a commitment to shareholder rights, ensuring transparency and participation in governance[162] Financial Management - The company utilized RMB 500 million of raised funds for permanent working capital, ensuring efficient fund management[12] - The company reported a significant decrease in main business costs for wind power equipment, totaling approximately ¥1.38 billion in 2022, a 64.12% reduction compared to ¥3.85 billion in 2021[142] - The main business cost for wind turbine towers was approximately ¥301.28 million in 2022, down 78.30% from ¥1.39 billion in 2021, while the cost for pile foundations was about ¥1.08 billion, a decrease of 55.68% from ¥2.44 billion in 2021[142]