Financial Performance - Revenue for the year ended December 31, 2022, was RMB 12,795,124,917.87[1] - Profit attributable to equity holders of the company was RMB 688,391,027.99, with earnings per share of RMB 0.4870[1] - The company achieved operating revenue of RMB 12.795 billion in 2022, representing a year-on-year growth of 9.63%[9] - The total profit for the year was RMB 700 million, an increase of RMB 585 million, reflecting a growth of 508.04%[8] - Net profit attributable to shareholders was RMB 688 million, up RMB 609 million, marking a significant increase of 767.13%[8] - The company reported a net profit increase, with retained earnings rising to ¥2,236,341,205.82 from ¥1,811,537,356.69, a growth of approximately 23.48%[49] - The company's total profit for the year was RMB 700,147,235.28, with the applicable tax rate resulting in a calculated income tax expense of RMB 175,036,808.82[110] - The company reported a significant increase in external transaction revenue from foreign countries, rising to approximately $1.31 billion from $360.66 million year-on-year[120] Dividend and Profit Distribution - The proposed cash dividend is RMB 0.10 per 10 shares, totaling RMB 14,135,063.78, which represents 2.05% of the net profit attributable to shareholders[4] - The company plans to retain RMB 954,983,515.14 of undistributed profits for future distribution[4] - The company maintains a stable profit distribution policy, aiming for a cash dividend of at least 30% of the average distributable profit over the last three years[3] Market and Industry Trends - In 2022, global new ship orders decreased by 36.1% year-on-year, totaling 1,484 vessels and 88.68 million deadweight tons[5] - The price index for new ships increased by 8 points year-on-year, reaching 162 points in December 2022[6] - China ranked first globally in new ship orders, capturing 54.1% of the market share, with a total of 8,485.7 million deadweight tons ordered[6] - The global offshore market saw a 43.7% increase in transaction volume, with 125 units sold, amounting to USD 23.52 billion, a 135.1% increase year-on-year[6] - The global new ship order volume is expected to decline by approximately 20% in 2023, totaling around 71 million deadweight tons[40] - The global offshore engineering equipment new demand is projected to reach USD 26 billion in 2023, an increase of about 10% year-on-year[41] Operational Highlights - The company delivered 32 vessels during the reporting period, totaling 627,500 deadweight tons[8] - The company secured new orders amounting to RMB 14.35 billion, exceeding the annual operational plan[7] - The company completed the construction of various key products, including a 1900 TEU container ship and an 85,000 DWT bulk carrier[7] - The company plans to enhance its supply capabilities for defense equipment and actively pursue opportunities in the civilian market[7] Research and Development - Research and development expenses were RMB 576 million, a decrease of 6.68% compared to the previous year[11] - The total R&D investment amounted to RMB 576.25 million, representing 4.50% of operating revenue, with no capitalized R&D expenditures[28] - The number of R&D personnel was 1,180, accounting for 15.72% of the total workforce, with 12 holding doctoral degrees and 83 holding master's degrees[29] Financial Position - The company's cash and cash equivalents increased to ¥14.81 billion, representing 31.87% of total assets, up 54.95% from the previous period[15] - The company's total assets reached ¥46,479,786,644.65, up from ¥44,265,408,872.54, representing an increase of about 4.99%[49] - The company's asset-liability ratio was reported at 59.66% as of December 31, 2022, calculated as total liabilities divided by total assets[35] - The company's total liabilities reached ¥27,729,082,780.77, an increase from ¥25,594,590,394.26, reflecting a growth of approximately 8.34%[48] Cash Flow and Financing - The net cash flow from operating activities was RMB 2.015 billion, down 53.84% year-on-year[11] - The company reported cash and cash equivalents at year-end of RMB 11,069.99 million, an increase from RMB 5,417.06 million at the end of 2021[57] - The company incurred a financial expense of RMB -24.16 million, compared to RMB -22.66 million in the previous year[54] - The company’s net cash flow from financing activities was negative at -194,706,400.05 RMB in 2022, reflecting a reduction in financing activities compared to the previous year[59] Accounts Receivable and Payable - As of December 31, 2022, the total accounts receivable amounted to RMB 1,101,132,396.25, with a provision for bad debts of RMB 33,078,524.31, resulting in a net amount of RMB 1,068,053,871.94[74][76] - The total accounts payable at year-end was RMB 4,541,444,942.07, down from RMB 5,851,878,752.31 at the beginning of the year[84] - The company has no overdue accounts payable at year-end, maintaining a total of RMB 0 for overdue notes payable[83] Corporate Governance - The company has a board of directors consisting of 10 members, including 2 executive directors and 4 independent non-executive directors, ensuring compliance with governance standards[39] - The company has adopted all applicable principles and code provisions of the corporate governance code as per the Hong Kong Stock Exchange[39] - The company has not repurchased, sold, or redeemed any of its securities during the reporting period[38] Future Outlook - The company plans to achieve a revenue of RMB 13.8 billion in 2023 and aims to secure contracts worth RMB 16.2 billion[43] - The company has established a strategic goal to become a world-class marine equipment listed company, focusing on innovation and high-quality development[42] - The company plans to focus on expanding its market presence and enhancing product development in the upcoming fiscal year[95]
中船防务(00317) - 2022 - 年度业绩