Financial Performance - For the fiscal year ending December 31, 2022, the group's continuing operations revenue was approximately RMB 7,896.32 million, an increase of 18.20% compared to RMB 6,680.74 million in 2021[2] - The net profit attributable to equity shareholders from continuing operations for the fiscal year was approximately RMB 3,852.18 million, a decrease of 44.21% from RMB 6,905.39 million in 2021[2] - The net profit from the main business (excluding share of profits from joint ventures) was approximately RMB 915.39 million, an increase of 22.53% compared to RMB 747.07 million in 2021[2] - The basic earnings per share from continuing operations for the fiscal year was RMB 2.12, down from RMB 3.80 in 2021[2] - The board of directors proposed a final cash dividend of HKD 0.40 per share, down from HKD 0.70 per share in 2021[2] - The group's gross profit for the fiscal year was RMB 2,228.75 million, compared to RMB 1,647.46 million in 2021[4] - The operating profit for the fiscal year was RMB 2,034.88 million, an increase from RMB 1,411.17 million in 2021[4] - The total profit before tax for the fiscal year was RMB 4,372.23 million, down from RMB 7,258.53 million in 2021[4] - The total net profit for the year was RMB 16,189.59 million, significantly higher than RMB 7,577.16 million in 2021, largely due to the disposal of discontinued operations[6] - The company's annual profit for 2022 reached RMB 16,189,586 thousand, a significant increase from RMB 7,577,156 thousand in 2021, representing a growth of approximately 113%[7] - Total comprehensive income for the year amounted to RMB 15,644,982 thousand, compared to RMB 7,659,242 thousand in the previous year, indicating an increase of about 104%[7] Assets and Liabilities - The company's non-current assets, including property, plant, and equipment, totaled RMB 4,077,828 thousand, up from RMB 1,212,651 thousand in 2021, reflecting a growth of approximately 236%[8] - Intangible assets increased to RMB 16,688,910 thousand in 2022 from RMB 10,007,101 thousand in 2021, marking a rise of around 67%[8] - Current liabilities, including bank loans, amounted to RMB 10,353,664 thousand, compared to RMB 5,139,230 thousand in the previous year, showing an increase of about 102%[9] - The company's total assets, after deducting current liabilities, reached RMB 65,026,213 thousand, up from RMB 59,900,837 thousand in 2021, indicating a growth of approximately 8%[9] - The net asset value of the company stood at RMB 47,172,404 thousand, compared to RMB 46,657,436 thousand in the previous year, reflecting a slight increase of about 1%[9] - The company’s cash and cash equivalents increased to RMB 4,361,637 thousand from RMB 2,560,045 thousand in the previous year, representing a growth of approximately 70%[9] - The company’s total equity attributable to shareholders was RMB 44,862,013 thousand, a slight decrease from RMB 45,269,794 thousand in 2021, indicating a decline of about 1%[9] - As of December 31, 2022, the group's net current liabilities amounted to approximately RMB 990 million, primarily due to the RMB 3,880 million convertible bonds maturing in September 2023[11] Revenue Breakdown - Revenue from waste disposal services was RMB 6,561,015 thousand in 2022, up from RMB 5,743,801 thousand in 2021, indicating a growth of about 14.3%[15] - Revenue from energy-saving equipment sales increased to RMB 967,810 thousand in 2022, compared to RMB 569,811 thousand in 2021, reflecting a growth of approximately 69.9%[15] - Revenue from port logistics services was RMB 234,414 thousand in 2022, slightly up from RMB 224,276 thousand in 2021, showing a growth of about 4.8%[15] - The group reported a total of RMB 328,034 thousand in revenue from discontinued operations in 2022, down from RMB 1,669,747 thousand in 2021, indicating a decline of approximately 80.4%[15] - Revenue from waste disposal construction services was RMB 3,884,903,000, while waste operation services revenue was RMB 2,456,540,000, showing significant growth in operational services[18] Investments and Projects - The company has established 118 environmental protection projects across 25 provinces and regions in China and Vietnam, with an annual waste processing capacity of approximately 20.32 million tons[83] - The company is focusing on the development of two major business segments: municipal waste disposal and new energy materials[81] - The company has successfully launched the first phase of the lithium iron phosphate positive electrode material project and commenced construction of the negative electrode material project[82] - The company has ongoing projects in Yunnan Yanshan (Phase 1) and Jiangxi Shanggao, each with a processing capacity of 110,000 tons per year, completed in August 2017 and February 2019 respectively[86] - The company has a total of 31 projects listed, showcasing significant growth in waste processing capacity across various provinces[86] Operational Efficiency and Future Plans - The company aims to optimize its industrial structure and enhance its competitive position through technological innovation and project quality improvement[81] - The company is focusing on expanding its market presence through the establishment of new facilities in regions such as Inner Mongolia and Hunan[86] - The company plans to complete several projects in 2023, including Anhui Shucheng (140,000 tons/year) and Jilin Shulan (140,000 tons/year) by April 2023[88] - The company is also developing a new project in Shaanxi with a capacity of 140,000 tons/year, expected to be completed by November 2023[88] - The total projected capacity from new projects in 2023 is 372,000 tons per year (10,400 tons per day)[88] Employee and Administrative Costs - Employee costs for continuing operations amounted to RMB 585,257 thousand in 2022, up from RMB 374,334 thousand in 2021, reflecting a growth of about 56.3%[38] - Administrative expenses rose by 31.60% year-on-year to RMB 531.58 million, primarily due to increased employee salaries and R&D expenses[107] Tax and Regulatory Compliance - The effective tax rate for the company's subsidiaries in China was 25%, with certain high-tech enterprises benefiting from a reduced rate of 15%[47] - The company continues to monitor tax regulations and expects to manage its tax liabilities effectively in the future[46] - The company has confirmed that the withholding tax on dividends payable from undistributed profits in China is RMB 55,500,000 for 2022[49] Shareholder Returns - The final dividend per ordinary share for 2022 is HKD 0.40, totaling approximately HKD 725,194,000, equivalent to about RMB 647,794,000[58] - The company repurchased a total of 13,780,000 shares during the reporting period, with a total cost of HKD 276,985,110[136]
海螺创业(00586) - 2022 - 年度业绩