Financial Performance - For the year ended December 31, 2022, the company's revenue was RMB 1,654.71 million, representing a growth of 0.31% compared to the same period in 2021[2]. - For the same period, the company's profit before tax was RMB 165.64 million, a decrease of 0.86% year-over-year[2]. - The net profit attributable to equity holders was RMB 114.67 million, down 6.59% from the previous year[2]. - Earnings per share for the year were RMB 0.25, a decrease of RMB 0.01 compared to 2021[2]. - The total comprehensive income for the year was RMB 114,510,477.46, down from RMB 121,422,996.65 in the previous year, reflecting a decline of approximately 5.5%[16]. - The company's total revenue for 2022 was RMB 199,672,999.06, compared to RMB 232,178,489.39 in 2021, indicating a decrease of approximately 14%[43]. - The total revenue for 2022 was RMB 1,654,705,152.68, a slight increase from RMB 1,649,598,271.19 in 2021, representing a growth of 0.31%[94]. - The annual profit attributable to owners was RMB 114.67 million in 2022, down 6.59% from RMB 122.76 million in 2021, mainly due to rising coal and heat source prices[159]. Assets and Liabilities - As of December 31, 2022, total current assets amounted to RMB 1,893.49 million, an increase from RMB 1,584.03 million in 2021[4]. - Total current liabilities were RMB 2,007.49 million, compared to RMB 1,821.47 million in the previous year[6]. - Total liabilities amounted to RMB 2,127.07 million as of December 31, 2022[6]. - The company's total equity attributable to shareholders was RMB 911.90 million, up from RMB 848.02 million in 2021[8]. - The company's total assets increased to RMB 3,038,974,956.81 as of December 31, 2022, compared to RMB 2,802,176,394.46 at the end of 2021, representing a growth of about 8.4%[24]. - The company's total liabilities and shareholders' equity as of December 31, 2022, were RMB 1,954,158,726.87, compared to RMB 2,802,176,394.46 in 2021[25][26]. Operational Highlights - The company reported operating profit of RMB 164.52 million for the year[10]. - The revenue from the heating segment for the year was RMB 1,544,773,639.68, compared to RMB 1,503,069,365.91 in 2021, indicating an increase of approximately 2.8%[39]. - The overall profitability of the heating business increased compared to the previous year, despite rising coal and heating source prices[54]. - The company has expanded its heating service area to meet the increased demand, utilizing both purchased and self-generated heating sources[56]. - The heating area increased to approximately 65.21 million square meters, a growth of 5.53% from 61.79 million square meters in 2021, and the number of heating customers rose to 533,368, an increase of 5.02%[104]. - The company completed 135 engineering projects in the year, with 121 projects finished, emphasizing safety management during construction[114]. Costs and Expenses - The operating cost for 2022 was RMB 1,424.06 million, representing a 7.53% increase from RMB 1,324.28 million in 2021[125]. - The gross profit for 2022 was RMB 230.65 million, down 29.10% from RMB 325.32 million in 2021, with a gross margin of 13.94%[131][154]. - The company's purchase cost for heat in 2022 was RMB 767.28 million, an increase of 18.45% from RMB 647.79 million in 2021, primarily due to rising heat source prices[127]. - Labor costs in 2022 amounted to RMB 152.07 million, up 5.17% from RMB 144.60 million in 2021, mainly due to extended heating periods caused by COVID-19[128]. - The group's income tax expense for 2022 was RMB 50.98 million, an increase of 15.00% from RMB 44.33 million in 2021, attributed to an increase in taxable income[158]. Dividends and Shareholder Information - The board proposed a final dividend of RMB 0.09 per share (before tax) for the year ended December 31, 2022[2]. - The proposed final dividend for the year ending December 31, 2022, is RMB 0.09 per share, totaling approximately RMB 42 million, down from RMB 53.67 million in 2021[181]. - The annual general meeting is scheduled for May 19, 2023, where the dividend proposal will be subject to shareholder approval[185]. - The proposed final dividend is expected to be paid on July 7, 2023, pending approval at the annual general meeting[181]. Strategic Initiatives - The company continues to focus on its core heating business, including supply and transmission services, and is actively monitoring performance across its segments[34]. - The company is actively pursuing the digitalization and intelligent development of its heating systems[54]. - The company has developed new technologies, including a mobile app for users and a fuel statistics management system, enhancing operational efficiency[87]. - The company emphasizes the importance of technological innovation to support the development of "smart heating" and improve public welfare[198]. - The company is exploring new energy heating feasibility through research on "coal and biomass" co-firing experiments[117]. Awards and Recognition - The company received the "Best Infrastructure and Public Utilities Company" award at the 2022 Global Investment Trends Forum[90]. - The company received the "Most Investment Value Listed Company" award at the 12th Hong Kong International Financial Forum[121]. Governance and Management Changes - Liu Changchun resigned as chairman and non-executive director effective March 6, 2023, and Sun Huiyong was elected as a non-executive director on March 29, 2023[200]. - The company has been compliant with the Corporate Governance Code during the reporting period[199].
春城热力(01853) - 2022 - 年度业绩