Financial Performance - Total revenue for the year ended December 31, 2022, was RMB 4,227.8 million, representing a 12.4% increase from RMB 3,762.6 million in 2021[2] - Gross profit for the same period was RMB 610.9 million, up 46.3% from RMB 417.5 million in 2021, with a gross margin of 14.5% compared to 11.1% in the previous year[2] - Operating profit increased by 30.7% to RMB 285.8 million from RMB 218.6 million in 2021[2] - Profit before tax rose significantly by 77.3% to RMB 176.9 million, compared to RMB 99.8 million in 2021[2] - Net profit for the year was RMB 151.6 million, an 82.9% increase from RMB 82.9 million in 2021, resulting in a net profit margin of 3.6%[2] - Basic and diluted earnings per share increased to RMB 0.10, up 66.7% from RMB 0.06 in 2021[2] Assets and Liabilities - Non-current assets totaled RMB 1,831.5 million, slightly down from RMB 1,873.9 million in 2021[5] - Current assets decreased to RMB 2,354.9 million from RMB 2,877.6 million in 2021, with a notable reduction in cash and cash equivalents[5] - Total liabilities decreased to RMB 2,782.1 million from RMB 2,734.6 million in 2021, indicating improved financial stability[5] - Total equity increased to RMB 1,404.3 million from RMB 1,346.5 million in 2021, reflecting a stronger balance sheet[5] Revenue Breakdown - Revenue from the sale of oil and gas pipes was RMB 2,635,098 thousand in 2022, up 57.5% from RMB 1,674,047 thousand in 2021[11] - The revenue from the sale of new energy pipes and special seamless steel pipes was RMB 1,567,886 thousand in 2022, a decrease of 17.3% from RMB 1,896,426 thousand in 2021[11] - The total revenue from other products was RMB 24,818 thousand in 2022, significantly down from RMB 192,156 thousand in 2021[11] Costs and Expenses - Employee costs increased to RMB 231,400,000 in 2022 from RMB 191,438,000 in 2021, representing a growth of approximately 20.9%[21] - Research and development costs rose significantly to RMB 39,792,000 in 2022, up from RMB 25,223,000 in 2021, marking an increase of about 57.7%[23] - Total sales costs rose by 8.1% to RMB 3,616.9 million, primarily due to increased sales volume and rising raw material and energy prices[52] - The total tax expense for 2022 was RMB 25,362,000, compared to RMB 16,816,000 in 2021, reflecting an increase of about 50.5%[25] Operational Highlights - The company reported significant improvements in operational performance compared to the previous year, despite challenges from geopolitical and economic factors[41] - The domestic market for oil and natural gas drilling pipes showed stable demand, particularly for specialized products[41] - The company aims to leverage its R&D capabilities and agile service to enhance its competitive advantage in both domestic and international markets[41] Strategic Initiatives - The company’s operational strategy focuses on enhancing its core products while diversifying into specialized pipes for drilling and new energy applications[40] - The company is committed to digitalization and green development as key strategies for future growth[46] - The company plans to accelerate its expansion in high-end manufacturing and seek suitable opportunities for mergers and acquisitions to increase market share[46] Shareholder Information - The company proposed a final dividend of RMB 0.04 per share for 2022, compared to RMB 0.03 per share in 2021, reflecting a 33.3% increase[37] - The total number of issued and paid-up ordinary shares as of December 31, 2022, was 1,498,468,000, slightly down from 1,501,200,000 in 2021[39] Governance and Compliance - The company has adhered to corporate governance standards and confirmed compliance with all relevant regulations during the year[71] - The annual performance and consolidated financial statements for the year have been reviewed and approved by the Audit Committee, confirming compliance with applicable accounting standards and regulations[73] - The board of directors includes both executive and independent non-executive directors, ensuring a diverse governance structure[81]
达力普控股(01921) - 2022 - 年度业绩