Financial Performance - Revenue for the year ended December 31, 2022, was RMB 5,855.84 million, an increase of 27.6% from RMB 4,590.76 million in 2021[2] - The AMI business revenue was RMB 2,059.25 million, up 20% compared to 2021[2] - The ADO business revenue increased by 64% to RMB 1,894.74 million from RMB 1,154.36 million in 2021[2] - Net profit attributable to shareholders increased by 21% to RMB 323.80 million from RMB 268.08 million in 2021[2] - Basic earnings per share for the year were RMB 32.9 cents, compared to RMB 27.2 cents in 2021[2] - The adjusted profit before tax for the group was RMB 582,434 thousand, reflecting a significant increase compared to RMB 472,733 thousand in the previous year[23] - Gross profit amounted to RMB 1,929.22 million, up 29% from RMB 1,498.77 million in 2021, maintaining a gross margin of 33%[42] - Profit attributable to equity holders increased by 21% to RMB 323.80 million, up from RMB 268.08 million in 2021[79] Dividends and Shareholder Returns - The board proposed a final dividend of RMB 0.23 per share, up from RMB 0.202 per share in the previous year[2] - The company proposed a final dividend of HKD 0.23 per share for the year ended December 31, 2022, compared to HKD 0.20 per share in 2021, totaling RMB 201,337,000[31] Assets and Liabilities - Total assets as of December 31, 2022, were RMB 9,796.28 million, compared to RMB 9,588.34 million in 2021[7] - Current liabilities increased to RMB 5,912.70 million from RMB 5,758.58 million in 2021[8] - Non-current liabilities totaled RMB 984.88 million, up from RMB 833.70 million in 2021[8] - The company's equity attributable to shareholders was RMB 4,655.90 million, compared to RMB 4,631.93 million in 2021[8] Research and Development - Research and development expenses for 2022 amounted to RMB 551,601, up 23.1% from RMB 448,371 in 2021, with capitalized development costs decreasing to RMB 123,760 from RMB 147,598[28] - The group is actively engaged in research and development related to source-network-load-storage interaction technologies, aligning with the dual carbon policy[50] - The group is committed to R&D-driven innovation, aligning with national dual carbon development policies and advancing smart city and new energy businesses[71] Market and Industry Trends - In 2022, China's GDP grew by 3% year-on-year, with a total value of RMB 1,210,207 billion, despite challenges from inflation and supply chain disruptions[39] - The number of new energy vehicles in China reached 13.1 million in 2022, marking a significant year-on-year growth of 67.13%[39] - The global smart meter market is projected to grow at a compound annual growth rate (CAGR) of 8.71% from 2022 to 2027, with the software and services segment expected to grow at a CAGR of 13.41%[64] International Expansion - The company is positioned to benefit from international cooperation under the Belt and Road Initiative, with over 200 cooperation documents signed with 149 countries[53] - The overseas revenue for the year reached RMB 1,234.69 million, a 73% increase compared to RMB 712.45 million in the previous year[65] - The group secured overseas orders amounting to approximately RMB 2,003.37 million, representing a 74% year-on-year growth[65] Operational Efficiency - Operating expenses amounted to RMB 1,306.01 million, representing 22% of total revenue, a decrease from 23% in the previous year[78] - The company has adhered to the corporate governance code, except for the absence of an independent non-executive director at the annual general meeting held on June 1, 2022[88] - The audit committee is responsible for evaluating the effectiveness of the group's financial reporting, internal controls, and risk management systems[89] Employee and Governance - The company employed 4,521 staff as of December 31, 2022, an increase from 3,578 in the previous year[84] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[91] - The chairman of the board is Ji Wei, with a team of directors overseeing the company's operations and governance[91]
威胜控股(03393) - 2022 - 年度业绩