潍柴动力(02338) - 2022 - 年度业绩

Financial Performance - The operating revenue for the year ended December 31, 2022, was approximately RMB 175,158 million, a decrease of about 20.5% compared to the previous year[2]. - The net profit attributable to shareholders of the parent company was approximately RMB 4,905 million, down approximately 48.3% year-on-year[2]. - Basic earnings per share were approximately RMB 0.57, compared to RMB 1.13 in the previous year[5]. - The total comprehensive income attributable to shareholders of the parent company was RMB 10,153 million, down from RMB 13,379 million in the previous year[5]. - The company’s total profit before tax was RMB 6,085 million, down from RMB 14,460 million in the previous year[4]. - The company reported a significant increase in research and development expenses, totaling RMB 7,731 million, compared to RMB 7,312 million in the previous year[4]. - The company experienced a decline in investment income from joint ventures, reporting a loss of RMB 143 million compared to a profit of RMB 1,010 million in the previous year[4]. - The company’s interest expenses rose to RMB 1,401 million from RMB 1,135 million in the previous year[4]. - The total income tax expense for the year was RMB 402,515,654.25, significantly lower than the previous year's RMB 2,275,515,991.46, correlating with a decrease in total profit from RMB 6,085,207,005.22 to RMB 14,459,535,247.55[43]. - The company reported a deferred income tax expense of RMB 581,751,136.39 for the current year, compared to RMB 396,358,478.49 from the previous year[43]. Assets and Liabilities - As of December 31, 2022, total current assets amounted to RMB 168.48 billion, a decrease of 3.57% from RMB 174.11 billion in the previous year[7]. - Cash and cash equivalents decreased to RMB 70.84 billion from RMB 79.68 billion, representing a decline of 11.5%[7]. - Total liabilities increased to RMB 189.56 billion, up from RMB 188.14 billion, indicating a growth of 0.75% year-over-year[8]. - Short-term borrowings rose significantly to RMB 4.61 billion from RMB 2.42 billion, marking an increase of 90.4%[8]. - Total non-current assets reached RMB 125.18 billion, an increase of 4.3% from RMB 119.55 billion in the previous year[7]. - The company's total equity stood at RMB 104.11 billion, slightly down from RMB 105.51 billion, reflecting a decrease of 1.33%[9]. - The company's retained earnings increased to RMB 50.33 billion from RMB 48.44 billion, showing a growth of 3.9%[9]. - The total assets remained stable at RMB 293.67 billion, a marginal increase from RMB 293.66 billion[9]. Revenue Breakdown - Total revenue for the year reached RMB 175.16 billion, with external customer sales contributing RMB 175.16 billion and inter-segment sales at RMB 7.55 billion[20]. - The revenue from the engine segment was RMB 39.15 billion, while the automotive and auto parts segment generated RMB 46.81 billion[20]. - Revenue from the agricultural equipment segment increased to RMB 17.34 billion, up 3.5% from RMB 16.75 billion year-on-year[22]. - The revenue from intelligent logistics reached RMB 78.91 billion, slightly up from RMB 78.48 billion year-on-year[22]. - The main business revenue from sales of goods and others was RMB 75,917,002,110.02, down from RMB 119,473,885,801.22 year-over-year[38]. Market and Sales Performance - The heavy truck industry sales volume was 671,900 units, a year-on-year decline of 51.8%, while light truck sales were 1,618,000 units, down 23.4%[50]. - The company sold 573,000 engines, 590,000 gearboxes, and 530,000 axles during the reporting period[52]. - Engine exports increased by 55.9% year-on-year, totaling 55,000 units, while gearbox exports rose by 54.2% to 25,000 units[52]. - The agricultural equipment segment saw a substantial increase in total sales, with 200 horsepower and above tractors maintaining the leading position in the industry[55]. - The company aims to enhance its core market advantages and expand its strategic market share[61]. Future Outlook and Strategy - The company plans to focus on market expansion and new product development to drive future growth[22]. - Future outlook remains positive with ongoing assessments of market expansion opportunities[11]. - The company continues to evaluate potential mergers and acquisitions to enhance its market position[13]. - The company expects a sales revenue of approximately RMB 192,700 million in 2023, reflecting an overall growth of about 10% compared to 2022[68]. - The new energy sector is expected to maintain rapid growth, providing new opportunities for the company's new energy business[59]. Corporate Governance and Management - The company appointed Mr. Feng Gang as the new CEO on January 21, 2022, following the resignation of Mr. Zhang Quan[102]. - The audit committee, composed of independent non-executive directors, has reviewed the company's financial performance and internal control matters for the year[116]. - The company has adhered to all corporate governance codes as per the listing rules, with the chairman also serving as CEO to enhance strategic execution[117]. - Deloitte has been appointed as the auditor, replacing Ernst & Young, and will resign at the conclusion of the upcoming annual general meeting[120]. Shareholder Information - The company plans to distribute a cash dividend of RMB 1.58 per share for the fiscal year 2022, subject to shareholder approval[48]. - The company has a weighted average number of ordinary shares outstanding of 8,675,816,523.08, an increase from 8,396,272,268.50 in the previous year[46]. - The major shareholders include Hong Kong Central Clearing Limited with 22.22% (1,938,713,966 shares) and Weichai Holding Group Co., Ltd. with 16.30% (1,422,550,620 shares)[95]. - The company has a total of 1,872,378 shares added to the other domestic shareholders, increasing their total to 92,655,675 shares, which is 1.06%[93]. - The company has established competitive salary standards to incentivize key positions in R&D, marketing, and craftsmanship[104].