Financial Performance - Revenue increased by 36.2% to approximately RMB 3,520,600,000 (2021: RMB 2,584,700,000) [19] - Gross profit surged by 90.1% to approximately RMB 1,478,400,000 (2021: RMB 777,900,000) [19] - Gross profit margin reached 42.0%, an increase of 11.9 percentage points from 30.1% in 2021 [19] - Profit attributable to owners of the company rose significantly to approximately RMB 870,900,000 (2021: RMB 379,700,000) [19] - EBITDA increased by 112.1% to approximately RMB 1,416,900,000 (2021: RMB 668,100,000) [19] - Total comprehensive income for the year amounted to RMB 972,659,000 (2021: RMB 392,548,000) [3] - The company reported a significant increase in annual profit to RMB 957,987,000 (2021: RMB 392,450,000) [22] - The company reported a pre-tax profit of RMB 326,964,000 for 2022, significantly higher than RMB 143,806,000 in 2021, marking an increase of about 127.5%[50] Assets and Equity - Total assets increased to RMB 2,551,895 thousand in 2022 from RMB 1,773,198 thousand in 2021, representing a growth of approximately 44%[23] - Non-current assets rose to RMB 1,392,663 thousand in 2022, up from RMB 1,242,326 thousand in 2021, indicating an increase of about 12%[23] - Current assets reached RMB 1,567,564 thousand in 2022, compared to RMB 1,074,405 thousand in 2021, reflecting a significant increase of approximately 46%[23] - Total equity rose to RMB 2,504,162 thousand in 2022 from RMB 1,754,810 thousand in 2021, representing an increase of about 43%[23] - The company's net current assets reached RMB 1,159,232 thousand in 2022, compared to RMB 530,872 thousand in 2021, showing an increase of about 118%[23] Dividends - The board proposed a final dividend of HKD 0.20 per share (2021: HKD 0.20) [19] - The company declared a final dividend of HKD 0.20 per share for the year ended December 31, 2022, consistent with the previous year[53] - The company plans to distribute a final dividend of HKD 0.20 per share for the year ended December 31, 2022, maintaining the same as in 2021, with a total dividend of HKD 0.32 per share for the year[80] Costs and Expenses - Employee costs totaled RMB 185,627,000 for 2022, up from RMB 167,113,000 in 2021, reflecting an increase of about 11.5%[1] - Research costs for the year were RMB 83,431,000, compared to RMB 80,598,000 in the previous year, indicating a rise of approximately 3.4%[49] - Administrative and other operating expenses decreased to approximately RMB 132,200,000 from RMB 157,200,000 in 2021, representing 3.8% of revenue compared to 6.1% in the previous year[86] Cash Flow and Financing - The company reported a net cash inflow from operating activities of approximately RMB 854,800,000, up from RMB 274,300,000 in the previous year[68] - The company has no outstanding bank loans as of December 31, 2022, a decrease of RMB 60,000,000 or 100% compared to the previous year[67] - The company’s cash and bank balances, including fixed deposits, amounted to approximately RMB 492,100,000 as of December 31, 2022, compared to RMB 226,300,000 a year earlier[68] - The total outstanding borrowings of the group were approximately RMB 45,700,000, down from RMB 155,200,000 in 2021, indicating improved financial stability[101] - The group achieved a net cash balance of approximately RMB 446,500,000 as of December 31, 2022, compared to RMB 71,200,000 in 2021, reflecting enhanced profitability[101] Operational Highlights - Major customer A's revenue increased to RMB 531,624 thousand in 2022 from RMB 353,483 thousand in 2021, reflecting a growth of approximately 50%[37] - The company's customer revenue contribution of 10% or more included significant growth in local markets, with China contributing RMB 2,601,514,000 in 2022, up from RMB 1,956,610,000 in 2021, a growth of approximately 32.9%[45] - The company's revenue for the reviewed year significantly increased compared to the previous year, driven by the introduction of several relatively new products that contributed considerable sales[59] Future Outlook - The company plans to enhance its product quality and develop new products with good market potential by increasing R&D investment[60] - The company expects a challenging business environment in the next fiscal year due to rising geopolitical risks and tightening monetary policies, which may negatively impact its performance[61] Employee and Governance - The workforce increased to 1,558 full-time employees as of December 31, 2022, compared to 1,403 employees in the previous year[74] - The group has maintained a strong focus on employee training and development to enhance skills and product knowledge[108] - The audit committee has reviewed the financial statements and confirmed compliance with accounting policies and practices[99] - The group has not reported any non-compliance with the corporate governance code during the review year[110]
天德化工(00609) - 2022 - 年度业绩