Financial Performance - The total revenue for the group in 2022 was approximately RMB 219.9 million, a decrease of 29.7% compared to RMB 312.9 million in 2021, primarily due to the adverse effects of the pandemic on logistics, supply chains, and market development[4]. - The overall gross profit for the group in 2022 was approximately RMB 28 million, a decrease of about RMB 18 million or 39.1% from RMB 46 million in 2021[13]. - The operating profit for the group in 2022 was approximately RMB 9.2 million, down from RMB 29.6 million in 2021[21]. - The net profit for the year was RMB 5.4 million, a decrease from RMB 21.3 million in 2021, with basic and diluted earnings per share of RMB 0.021 compared to RMB 0.084 in the previous year[21]. - The company reported a net loss from foreign exchange of RMB 1,818,000 in 2022, compared to a loss of RMB 118,000 in 2021, indicating a significant increase in losses[57]. - The company's net profit attributable to equity shareholders for 2022 was approximately RMB 5.4 million, a decrease of about RMB 15.7 million or 74.6% compared to RMB 21.1 million in 2021[105][111]. Revenue Breakdown - The revenue from the variable pitch control system business in 2022 was approximately RMB 173 million, a decrease of about RMB 85 million or 32.9% compared to 2021, mainly due to reduced orders caused by the pandemic[19]. - The revenue from the energy storage management system business in 2022 was approximately RMB 4 million, a significant increase from RMB 0.1 million in 2021, indicating successful market acceptance of the self-developed product[10]. - Revenue from the sale of pitch control systems and related components decreased from RMB 257,782 million to RMB 172,888 million, a decline of about 32.9%[37]. - Revenue from energy management solutions increased significantly from RMB 104 million to RMB 2,835 million, a growth of approximately 2,628.8%[37]. - The company engaged in transactions with two customers that accounted for over 10% of total revenue, generating RMB 167,111 million in sales, down from RMB 230,875 million[36]. Cost and Expenses - The total sales cost for the group in 2022 was approximately RMB 192 million, a reduction of RMB 75 million compared to RMB 267 million in 2021[11]. - The sales cost of the wind power business in 2022 was approximately RMB 9 million, down from about RMB 10 million in 2021, primarily due to reduced maintenance costs[100]. - The sales cost of the operation and maintenance business was approximately RMB 18 million in 2022, a decrease of about 21.7% from RMB 23 million in 2021[100]. - The depreciation expense recognized as cost of goods sold was RMB 178,368,000 in 2022, down from RMB 251,139,000 in 2021, representing a decrease of about 29.0%[64]. - Financial expenses for 2022 were approximately RMB 2 million, a reduction of about 50% from RMB 4 million in 2021 due to repayment of bank and third-party loans[99]. Assets and Liabilities - The company's total assets decreased from RMB 403,655 million to RMB 340,860 million, a decline of approximately 15.5%[28]. - Current liabilities decreased from RMB 237,590 million to RMB 168,906 million, a reduction of about 29.0%[28]. - The net asset value increased from RMB 259,561 million to RMB 268,003 million, reflecting a growth of approximately 3.4%[29]. - The asset-liability ratio for 2022 was approximately 39%, down from 49% in 2021, mainly due to the repayment of bank loans by subsidiaries and other third-party borrowings[109]. - The total trade and other receivables decreased from RMB 269,555,000 in 2021 to RMB 226,356,000 in 2022, representing a decline of approximately 16%[72]. Government Support and Grants - Other income for the group in 2022 was approximately RMB 6 million, an increase from RMB 4.7 million in 2021, mainly due to increased government subsidies[14]. - The company received government grants totaling RMB 4,267,000 in 2022, up from RMB 2,281,000 in 2021, marking an increase of about 87%[56]. Research and Development - The company continues to focus on research and development in wind energy and energy management solutions, aiming for market expansion[31]. - The company has positioned energy storage as one of its core businesses, completing 10 order projects for energy management systems (EMS) in 2022[95]. - RMB 10.9 million has been invested to enhance R&D capabilities for the variable pitch control system and solution portfolio[122]. Operational Metrics - The company’s employee costs for 2022 were RMB 24,306,000, slightly down from RMB 24,729,000 in 2021, reflecting a decrease of about 1.7%[60]. - The company employed 218 staff as of December 31, 2022, an increase from 169 employees in 2021, with all employees under formal labor contracts[115]. - The company's operational team for maintenance services consisted of 111 members in 2022, primarily serving Envision Energy's wind farms across the country[93]. - In 2022, the company delivered 1,313 sets of pitch control systems, a decrease of 30.3% compared to 2021[89]. Future Plans and Investments - The company plans to use the IPO proceeds in accordance with its development strategy and market conditions in 2023[122]. - RMB 31.3 million has been designated for the development of a new distributed wind farm in Lingqiu County, Shanxi Province[122]. - The company has fully repaid RMB 21.4 million in loans owed to third parties related to the Dulun Wind Farm[122]. - The company has not engaged in any significant investments, acquisitions, or disposals as of December 31, 2022[127]. Risk Management - The company faced risks related to policy uncertainties that could impact the renewable energy industry and its main business operations[117]. - The company has implemented strict financial management and credit policies to mitigate financial risks associated with cash flow and receivables[118]. - The company reported no significant adverse impacts from the COVID-19 pandemic on its operations, with sufficient cash flow to sustain normal operations for 12 months without additional financing[120]. Corporate Governance - The company has established an audit committee to review and monitor its financial reporting procedures and internal controls, consisting of three independent non-executive directors[139]. - The audit committee has reviewed the annual performance and financial statements prepared in accordance with International Financial Reporting Standards for the year ending December 31, 2022[139].
纳泉能源科技(01597) - 2022 - 年度业绩