Financial Performance - The total revenue for the year ended December 31, 2022, was RMB 190,462,586 thousand, an increase of 8.8% compared to RMB 175,915,687 thousand in 2021[6] - The gross profit for 2022 was RMB 42,334,207 thousand, up from RMB 37,643,235 thousand in 2021, reflecting a gross margin improvement[6] - The net profit attributable to equity holders of the company for 2022 was RMB 4,196,597 thousand, compared to RMB 3,858,175 thousand in 2021, representing a growth of 8.8%[7] - The company reported a basic and diluted earnings per share of RMB 0.52 for 2022, compared to RMB 0.48 in 2021[7] - The total revenue from sales discounts and commissions increased to RMB 11,717,464 thousand in 2022, compared to RMB 11,155,224 thousand in 2021, reflecting a growth of 5.0%[41] - The company's profit before tax for the year ended December 31, 2022, was RMB 24,729,213, an increase of 7.9% from RMB 22,920,481 in 2021[46] - The tax expense for the year ended December 31, 2022, was RMB 8,393,911, compared to RMB 7,769,002 in 2021, reflecting a year-on-year increase of 8.0%[46] - The proposed final dividend for the year ended December 31, 2022, is RMB 0.17 per share, compared to RMB 0.16 per share in 2021, indicating a 6.3% increase[48] Assets and Liabilities - Total assets as of December 31, 2022, were RMB 173,375,442 thousand, a decrease from RMB 180,844,377 thousand in 2021[3] - The total liabilities as of December 31, 2022, were RMB 94,438,337 thousand, down from RMB 105,957,302 thousand in 2021[5] - The total equity attributable to equity holders of the company increased to RMB 54,496,766 thousand in 2022 from RMB 52,582,759 thousand in 2021[3] - The company's cash and cash equivalents decreased to RMB 37,227,015 thousand from RMB 40,968,622 thousand in the previous year[2] - The total amount of unrecognized tax losses carried forward was approximately RMB 39 billion as of December 31, 2022, up from RMB 33 billion in 2021, representing an increase of about 18.2%[20] - The total borrowings as of December 31, 2022, were RMB 20,313,380 thousand, a decrease from RMB 22,383,645 thousand in 2021, reflecting a reduction of approximately 9.2%[30] - The company's current liabilities, including accounts payable, decreased to RMB 27,183,330 thousand in 2022 from RMB 37,276,917 thousand in 2021, representing a reduction of 27.1%[39] Sales and Market Performance - The total sales of passenger vehicles in China for 2022 reached 23.563 million units, a year-on-year growth of 9.5%[49] - Sales of new energy vehicles in China surged to 6.887 million units in 2022, marking a significant year-on-year increase of 93.4% and capturing a market share of 25.6%[49] - The sales of Chinese brand passenger vehicles reached 11.766 million units in 2022, reflecting a year-on-year growth of 22.8% and achieving a historical market share high of 49.9%[49] - The company holds a 51.0% stake in Beijing Benz, which has become a key player in the production and sales of Mercedes-Benz vehicles in China[53] - Beijing Brand's overseas vehicle exports reached 18,000 units in 2022, marking an increase of 81.8% year-on-year[60] Research and Development - The company is focusing on R&D in electric, intelligent, and connected vehicles, with plans to launch a new EV model featuring F-OTA technology in 2023[66] - The company established the largest R&D center within the Mercedes-Benz group in its joint venture, enhancing its capabilities in battery testing and prototype vehicle production[66] - Research and development expenses increased by 2.3% from RMB 2,651.4 million in 2021 to RMB 2,712.5 million in 2022, reflecting the group's commitment to product development[72] Operational Efficiency - The company is committed to sustainable development through digitalization and automation, achieving over 90% automation in its production processes[64] - The production facilities are equipped with flexible production lines, allowing for quick adjustments to production plans in response to market demand[63] - The company is optimizing its dealer network and enhancing customer experience to improve overall competitiveness[65] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance product offerings in the coming years[10] - The company aims to accelerate the transition to electrification and intelligence, focusing on high-quality development in 2023[83] - The Chinese automotive market is projected to maintain stability, with an anticipated improvement in chip shortages and an increase in the market share of new energy vehicles[81] - New energy vehicle purchase tax exemptions will remain unchanged in 2023, with local policies continuing to promote demand in the new energy market[82] Employee and Workforce - The total number of employees increased from 18,694 at the end of 2021 to 19,491 at the end of 2022, indicating growth in workforce[75] - Employee costs rose by 11.7% from RMB 5,201.8 million in 2021 to RMB 5,809.1 million in 2022, driven by increased production and average wage growth[75]
北京汽车(01958) - 2022 - 年度业绩