2023-03-21 04:01Financial Performance - Total sales volume increased by 8% to 1,432,988 units in 2022 from 1,328,031 units in 2021[3]. - Revenue rose by 46% to RMB 147,964,647 thousand in 2022 compared to RMB 101,611,056 thousand in 2021[4]. - Net profit attributable to equity holders increased by 9% to RMB 5,260,353 thousand in 2022 from RMB 4,847,448 thousand in 2021[3]. - Basic earnings per share increased by 6% to RMB 51.06 in 2022 from RMB 48.06 in 2021[3]. - Total comprehensive income for the year was RMB 4,684,225 thousand, compared to RMB 4,297,491 thousand in 2021[5]. - Operating cash flow for the year was RMB 16,018,395 thousand, compared to RMB 15,348,343 thousand in the previous year, reflecting an increase of approximately 4.4%[10]. - The company reported a pre-tax profit of RMB 4,681,941 thousand, slightly up from RMB 4,665,175 thousand in the previous year[10]. - The total revenue for 2022 reached RMB 147,964,647 thousand, compared to RMB 101,611,056 thousand in 2021, marking an increase of about 45.6%[24]. - The company reported a significant contribution from a major customer, generating RMB 21,580,845 thousand, which exceeded 10% of total revenue[25]. Dividends and Shareholder Returns - The company proposed a final dividend of HKD 0.21 per share, unchanged from the previous year[3]. - The proposed final dividend per share for 2022 is HKD 0.21, consistent with the dividend for 2021, amounting to RMB 1,866,554,000[34]. - The company paid dividends amounting to RMB 1,787,669 thousand during the year, an increase from RMB 1,611,439 thousand in the previous year[11]. Assets and Liabilities - Non-current assets increased to RMB 78,762,416 thousand in 2022 from RMB 69,045,582 thousand in 2021[6]. - Current liabilities increased to RMB 68,953,214 thousand in 2022 from RMB 60,350,557 thousand in 2021[6]. - The total liabilities, including non-current liabilities, amounted to RMB 88,873,115 thousand in 2022, up from RMB 73,990,847 thousand in 2021, reflecting a rise of approximately 20.1%[7]. - The total equity attributable to the company's shareholders increased to RMB 75,130,455 thousand in 2022 from RMB 68,606,146 thousand in 2021, representing a growth of approximately 9.5%[7]. - The company's reserves rose significantly to RMB 71,533,667 thousand in 2022, compared to RMB 65,010,029 thousand in 2021, indicating an increase of about 10.5%[7]. - The total amount of trade and other payables rose to RMB 1,602,020 thousand in 2022, compared to RMB 961,697 thousand in 2021, reflecting an increase of about 66.6%[7]. Cash Flow and Investments - The net cash used in investing activities was RMB 12,130,350 thousand, compared to RMB 7,159,167 thousand in the previous year, indicating a significant increase in investment outflows[11]. - The total cash level at the end of 2022 increased by 20% year-on-year to RMB 33.7 billion, while total borrowings rose by 184% to RMB 10.8 billion[102]. - The company’s total liabilities from financing activities included bank loans, related company loans, and bonds, totaling RMB 3,951,780,000 at the beginning of 2021[88]. Research and Development - The total R&D costs for 2022 amounted to RMB 1,965,596,000, compared to RMB 1,292,171,000 in 2021, reflecting a significant increase in investment[32]. - Research and development expenses for 2022 amounted to RMB 6.765 billion, a 23% increase compared to RMB 5.518 billion in 2021[104]. Market and Sales - Sales of new energy vehicles surged by 300% to 328,727 units, accounting for 23% of total sales, with the Zeekr brand delivering 71,941 units of its first model[100]. - The average selling price increased by 30% year-on-year, with a 24% growth in consolidated average selling price after accounting for joint ventures[98]. - The company aims to achieve a sales target of 1,650,000 units in 2023, representing a 15% increase from the total sales in 2022[107]. Corporate Governance and Compliance - The audit committee, consisting of independent non-executive directors, has reviewed the group's financial performance for the year ending December 31, 2022[118]. - The company has ensured that independent non-executive directors can express any concerns to the chairman, despite the lack of formal meetings during the year[116]. - The company has adopted the standard code for securities trading by directors as per the listing rules, confirming compliance throughout the year[117]. Future Outlook and Strategy - The company plans to spin off Zeekr Holdings for independent listing, with the proposal confirmed by the Hong Kong Stock Exchange[95]. - The company aims to reduce carbon emissions per vehicle by over 25% by 2025, with an 8% reduction achieved by the end of 2022[101]. - The company plans to enhance its supply chain ecosystem and procurement strategies in 2023 to address operational challenges faced in 2022[107]. - The company is set to enter the European market in 2023, aiming to create value in one of the most mature automotive markets globally[107].