Financial Performance - The company achieved a revenue of RMB 53.028 billion and a net profit of RMB 2.282 billion for the year 2022[45]. - The total revenue for the year 2022 was RMB 53,028,139, a decrease of 8.2% compared to RMB 57,759,590 in 2021[98]. - Gross profit for 2022 was RMB 5,612,325, down 13.2% from RMB 6,468,189 in the previous year[98]. - Operating profit increased by 6.4% to RMB 1,810,813 from RMB 1,701,898 in 2021[98]. - Net profit attributable to equity holders was RMB 2,281,800, reflecting a 7.1% increase from RMB 2,129,589 in 2021[98]. - The cash flow from operating activities surged by 131.3% to RMB 6,809,048 compared to RMB 2,943,228 in 2021[98]. - The total revenue for the group in 2022 was RMB 53.03 billion, a decrease of 8.2% compared to RMB 57.76 billion in 2021[118]. - The net profit attributable to shareholders for the period was RMB 2.28 billion[117]. - The gross margin decreased to 10.6% in 2022 from 11.2% in 2021[104]. - Net profit margin improved to 4.3% in 2022 compared to 3.7% in 2021[104]. - Return on assets remained stable at 3.0% in 2022, unchanged from 2021[104]. - Return on equity increased to 7.6% in 2022 from 7.3% in 2021[104]. - Return on invested capital rose to 7.8% in 2022, up from 7.5% in 2021[104]. Contracts and Business Growth - The total amount of new contracts signed in 2022 reached RMB 72.525 billion, reflecting strong business performance[45]. - The company signed 17,642 domestic contracts with a total value of RMB 452.5 billion and 260 overseas contracts valued at USD 15.3 billion[67]. - The company achieved a historical high in new domestic contract signing amounting to RMB 4.65 billion, with significant projects including Tianjin Nangang Ethylene and Sinopec's Huizhou Phase III[48]. - The company completed 1,192 projects with an average daily workforce exceeding 80,000, achieving a total of 250 million safe man-hours throughout the year[48]. - The amount of uncompleted contracts at the end of the period was RMB 112.23 billion, an increase of 21.0% year-on-year[122]. - Domestic new contract amount hit a historical high of RMB 65.324 billion, up 19.9% year-on-year[126]. - The company executed 1,192 projects both domestically and internationally, ensuring strong operational support[129]. Awards and Recognition - The company has received 22 National Excellent Design Awards and 37 National Quality Engineering Awards in the past ten years, enhancing its industry reputation[47]. - The company received 35 provincial and ministerial-level scientific and technological progress awards during the year[50]. - The company has received multiple national awards for technological advancements in the petrochemical sector, including the first-class award for the development of large-scale ethylene technology[90]. Technology and Innovation - Significant advancements in technology include the successful industrial application of ethylene production from steam cracking and the development of various petrochemical technologies[81]. - The company has actively engaged in hydrogen energy technology projects, forming an integrated R&D layout for hydrogen production, storage, transportation, and utilization[84]. - The company has developed key technologies for high-acid natural gas purification, addressing large-scale safety and efficiency challenges[86]. - The company completed 771 new patent applications, with 540 being invention patents, accounting for 70% of the total[127]. - The company plans to enhance R&D in areas such as energy conservation, digitalization, and automation technologies[145]. Sustainability and Compliance - The company is focusing on the "dual carbon" goals, enhancing its capabilities in green transformation and sustainable development[51]. - The company’s energy-saving projects saved 170,000 tons of standard coal per year and reduced carbon dioxide equivalent emissions by nearly 410,000 tons annually[50]. - The company implemented a comprehensive compliance management system, becoming the first listed company in the petrochemical industry to pass the ISO 37301 certification[48]. - The company aims to expand its market share in emerging fields such as LNG, green hydrogen, and CCUS[134]. Financial Position and Assets - The total asset scale increased by RMB 41.6 billion since the company's listing[62]. - The total assets as of December 31, 2022, amounted to RMB 786.82 billion, an increase of RMB 5.76 billion from RMB 729.17 billion at the end of 2021[192]. - The company's equity attributable to shareholders increased to RMB 300.40 billion, up RMB 9.16 billion from RMB 291.23 billion at the end of 2021[192]. - The total liabilities as of December 31, 2022, were RMB 486.42 billion, an increase of RMB 4.85 billion from RMB 437.94 billion in 2021[192]. Future Outlook - In 2023, the company aims for new domestic contracts worth RMB 50 billion and overseas contracts worth USD 1.5 billion[134]. - The company plans to focus on high-end, intensive, and differentiated development goals in technology innovation, particularly in new energy and new materials[134]. - The company will strengthen its project execution capabilities by optimizing cost control and enhancing collaboration across project phases[135]. - The company is committed to enhancing its international business competitiveness by deepening relationships with key overseas clients and optimizing its marketing network[135].
中石化炼化工程(02386) - 2022 - 年度财报