Financial Performance - The company's total revenue in 2022 decreased by approximately RMB 7.822 billion to RMB 40.006 billion, primarily due to a decline in revenue from the construction contracting segment by RMB 7.871 billion[6]. - The company's net profit for 2022 was RMB 315 million, an increase of approximately RMB 674 million compared to the previous year[14]. - The company reported operating profit of RMB 439.90 million in 2022, compared to an operating loss of RMB 489.81 million in 2021[44]. - The net profit for 2022 was RMB 315.44 million, recovering from a net loss of RMB 358.17 million in 2021[51]. - The total revenue for 2022 was RMB 40.006 billion, a decrease of 16.4% from RMB 47.828 billion in 2021[87]. - The main business income for 2022 was RMB 39.135 billion, down from RMB 47.006 billion in 2021, representing a decline of 16.4%[87]. - The total comprehensive income attributable to the parent company’s shareholders for 2022 was RMB 301,109 thousand, compared to a loss of RMB 306,487 thousand in 2021[80]. - The company reported a total profit of RMB 428.881 million for 2022, a recovery from a loss of RMB 495.297 million in 2021[110]. Revenue Breakdown - The new contracts signed in the infrastructure construction business amounted to RMB 11.693 billion in 2022, down from RMB 12.595 billion in the previous year[21]. - The new contracts in the professional and other construction contracting business totaled RMB 3.744 billion in 2022, a decrease from RMB 4.924 billion in 2021[24]. - The total new contracts signed in 2022 amounted to RMB 43.732 billion, a decrease from RMB 48.183 billion in 2021[34]. - New contracts in the housing construction segment totaled RMB 28.295 billion, down from RMB 30.664 billion in the previous year[36]. - Revenue from the housing construction business fell by RMB 4.279 billion, attributed to the completion of major projects and increased fixed costs due to pandemic-related work stoppages, resulting in a decrease in gross margin[28]. - Infrastructure construction revenue decreased by RMB 1.979 billion, with the completion of high-margin projects contributing to the decline in both revenue and gross margin[30]. Expenses and Costs - In 2022, the company's R&D expenses amounted to RMB 150 million, an increase of RMB 7.4 million compared to 2021, reflecting a higher investment in R&D[1]. - The company's management expenses for 2022 were RMB 571 million, an increase of RMB 35 million compared to 2021, indicating stable operational costs[8]. - The company's income tax expense for 2022 was RMB 113 million, an increase of RMB 251 million compared to 2021, primarily due to the generation of net profit[13]. - The total operating costs for 2022 were RMB 39.094 billion, down from RMB 45.955 billion in 2021, reflecting a decrease of 14.9%[92]. - The income tax expense for 2022 was RMB 155.767 million, compared to RMB 378.888 million in 2021, indicating a significant reduction[110]. Assets and Liabilities - The company's cash and cash equivalents as of December 31, 2022, were approximately RMB 8.488 billion, compared to RMB 8.307 billion at the end of 2021[15]. - The company's long-term equity investments as of December 31, 2022, were RMB 516 million, a decrease of RMB 6 million compared to the end of 2021[18]. - The company's total assets as of December 31, 2022, were RMB 67.632 billion, compared to RMB 66.947 billion at the end of 2021[41]. - Total liabilities as of December 31, 2022, amounted to RMB 61.46 billion, slightly up from RMB 61.07 billion in 2021[52]. - Current liabilities totaled RMB 58.77 billion, down from RMB 59.33 billion in the previous year[52]. - The accounts payable balance as of December 31, 2022, was RMB 36.587 billion, a decrease of RMB 1.35 billion or 4% compared to the end of 2021[120]. - The capital debt ratio as of December 31, 2022, was 97.1%, up from 93.3% in 2021[122]. - The group's interest-bearing borrowings amounted to approximately RMB 5.989 billion, an increase from RMB 5.479 billion in 2021[119]. Future Outlook and Strategy - The company plans to continue focusing on market expansion and new product development in the upcoming fiscal year[51]. - The company aims to focus on green construction and smart building technologies, aligning with industry trends and exploring new economic growth points[146]. - The company plans to continue expanding its market presence, particularly in the Beijing-Tianjin-Hebei region, leveraging its strong reputation and management capabilities[133]. Corporate Governance - The board has recommended not to distribute a final dividend for the year ended December 31, 2022[148]. - The company has appointed Ernst & Young Hua Ming as the auditor for the annual financial report for the year ending December 31, 2022[150]. - The annual performance announcement will be published on the Hong Kong Stock Exchange and the company's website[151]. - The company is committed to maintaining high corporate governance standards to meet business needs and shareholder requirements[153]. - The company has adopted the standards for directors and supervisors conducting securities transactions as a code of conduct[154].
河北建设(01727) - 2022 - 年度业绩