Financial Performance - Revenue for the year ended December 31, 2022, was RMB 6,155.8 million, an increase of 10.3% from RMB 5,580.7 million in 2021[2] - Gross profit for the same period was RMB 4,023.5 million, reflecting an 11.6% increase from RMB 3,604.2 million in the previous year[2] - The net profit attributable to shareholders was RMB 2,664.5 million, up 7.9% from RMB 2,468.6 million in 2021[2] - Basic and diluted earnings per share increased to RMB 31.61 from RMB 29.28, representing an 8.0% growth[2] - The company’s total comprehensive income for the year was RMB 2,643.98 million, compared to RMB 2,476.57 million in 2021[5] - The group reported a pre-tax profit of RMB 3,634,027,000 for 2022, compared to RMB 3,422,296,000 in 2021, reflecting an increase of approximately 6.2%[20] - The company's net profit for 2022 was approximately RMB 2.656 billion, representing a year-on-year growth of 7.6%[43] - The group's net profit for the year ended December 31, 2022, was RMB 2,656.3 million, with a net profit margin of 43.2%, remaining relatively stable compared to the previous year's net profit of RMB 2,467.6 million[55] Dividends and Shareholder Returns - The company proposed a final dividend of HKD 7.0 cents per share, compared to HKD 6.5 cents in the previous year[2] - The proposed final dividend for 2022 is set at HKD 0.07 per share, up from HKD 0.065 per share in 2021, indicating a growth in shareholder returns[21] Assets and Liabilities - Non-current assets totaled RMB 7,880.4 million, significantly up from RMB 2,823.2 million in 2021[6] - Current liabilities increased to RMB 1,815.4 million from RMB 1,391.3 million in the previous year[6] - Total assets less current liabilities amounted to RMB 7,677.2 million, compared to RMB 4,650.9 million in 2021[6] - The group’s total liabilities as of December 31, 2022, were RMB 3,175,851,000, indicating a stable financial position[14] Cash Flow and Investments - The net cash used in investing activities for the year ended December 31, 2022, was RMB 4,275.5 million, primarily due to purchases of properties, plants, and equipment, as well as cash outflows for acquisitions[57] - The net cash used in financing activities for the year ended December 31, 2022, was RMB 649.9 million, primarily due to a net increase in bank loans of RMB 594.6 million and dividend payments of RMB 899.2 million[58] - As of December 31, 2022, the group's bank cash was RMB 551.9 million, a decrease of RMB 1,831.2 million from RMB 2,387.2 million as of December 31, 2021[59] Acquisitions and Future Plans - The company plans to diversify its existing business by actively seeking potential mining project targets or exploring new business areas outside of mining[9] - The company has made advance payments for acquisitions totaling RMB 2,540,892,000 in 2022, compared to RMB 735,700,000 in 2021, indicating a significant increase in investment activities[23] - The company has entered into a purchase agreement to acquire 75% of a coal mining company for a total consideration of RMB 1,100,000,000, with advance payments of RMB 530,256,000 made in 2022[24] - The company plans to acquire specific properties from related parties for a total consideration of RMB 809,480,000, with advance payments of RMB 670,000,000 made[24] Operational Performance - The company’s coal production has been significantly affected by events mentioned in the notes, leading to a notable decline in operating cash inflows for the first quarter of 2023[9] - The coal production for the first quarter of 2023 is expected to decline temporarily due to adverse underground mining conditions, but is projected to recover to planned levels by April 2023[40] - The average selling price of the company's low-sulfur environmental protection thermal coal was approximately RMB 1,002.6 per ton, up about 23.3% year-on-year[43] Financial Ratios and Margins - The company reported a gross margin of 65.4%, an increase of 0.8 percentage points from 64.6% in the previous year[2] - The company's gross profit margin was approximately 65.4%, maintaining a level above the industry average[43] Corporate Governance and Compliance - The company believes that good corporate governance can create value for shareholders and has adhered to the corporate governance code during the year ended December 31, 2022[75] - The independent auditor's report confirmed that the consolidated financial statements reflect the group's financial position and performance accurately as of December 31, 2022[78] Market Conditions and Economic Outlook - The global economic growth is projected to slow down from 4.1% in 2022 to 1.7% in 2023, impacting market conditions[45] - The company anticipates that the Chinese economy will improve in 2023 due to recovering demand and government policies aimed at stabilizing the macroeconomic environment[45]
力量发展(01277) - 2022 - 年度业绩