Financial Performance - The total revenue for the year ended December 31, 2022, was RMB 11,150,234, a decrease of 18.5% from RMB 13,690,520 in 2021[2] - Gross profit for the year was RMB 1,867,026, down 23.9% from RMB 2,457,418 in the previous year[2] - The net profit for the year was RMB 400,340, representing a decline of 68.6% compared to RMB 1,275,426 in 2021[3] - The company reported a total comprehensive income of RMB 311,801, significantly lower than RMB 1,297,424 in the previous year[6] - The basic and diluted earnings per share for the year were RMB 0.09, down from RMB 0.30 in 2021[4] - The company reported a pre-tax profit of RMB 438,924 thousand for the year ended December 31, 2022, down from RMB 1,452,913 thousand in 2021, indicating a decrease of approximately 69.8%[20] - Total revenue from the sale of goods decreased to RMB 8,756,277,000 in 2022 from RMB 10,609,999,000 in 2021, reflecting a decline of about 17.4%[25] - The comprehensive gross profit margin for the group was 16.74%, a decline of 1.21 percentage points from 17.95% in 2021[55] - The sales revenue from the excavator segment decreased by 40.8% to approximately RMB 1,109 million, compared to RMB 1,873 million in 2021[58] - The sales revenue from the forklift segment slightly decreased by 4.1% to approximately RMB 3,373 million, while its sales revenue accounted for about 30.2% of total revenue[59] - The sales revenue from the wheeled loader segment accounted for approximately 46.8% of total revenue, decreasing by 21.1% to about RMB 5,214 million[57] - Other income decreased by approximately RMB 621 million year-on-year, primarily due to a decrease in the fair value of financial asset products and the recognition of investment income from the sale of a subsidiary last year[69] Assets and Liabilities - Total assets decreased to RMB 15,390,930 from RMB 16,602,217, reflecting a decline of 7.3%[8] - Current assets totaled RMB 11,585,891, down 7.1% from RMB 12,467,915 in 2021[8] - The company's net asset value was RMB 9,751,155, a decrease of 4.4% from RMB 10,204,789 in the previous year[9] - The company’s total liabilities as of December 31, 2022, were RMB 5,639,775 thousand, compared to RMB 6,397,428 thousand in 2021, indicating a decrease of approximately 11.9%[20] - The total asset-liability ratio was approximately 36.64% as of December 31, 2022, down from 38.53% in 2021[66] - The total accumulated depreciation and impairment for property, plant, and equipment as of December 31, 2022, was RMB 4,086,231,000, compared to RMB 3,837,224,000 at the beginning of the year[31] Expenses - Research and development expenses amounted to RMB 516,019, a reduction of 17.1% from RMB 622,557 in the prior year[2] - Capital expenditures for the year were RMB 305,895 thousand, down from RMB 358,179 thousand in the previous year, showing a decrease of approximately 14.5%[21] - Sales and distribution expenses decreased by 27.4% to approximately RMB 509 million, attributed to changes in finished product service policies and reduced transportation and service fees due to lower sales revenue[70] - Financial costs increased significantly to RMB 19,687,000 in 2022 from RMB 11,432,000 in 2021, marking an increase of approximately 72.2%[24] Cash Flow and Dividends - The company’s cash and cash equivalents stood at RMB 2,031,973 thousand in 2022, slightly up from RMB 2,020,005 thousand in 2021, reflecting a marginal increase of 0.1%[48] - The proposed final dividend for 2022 is HKD 0.10 per share, down from HKD 0.22 per share in 2021, representing a decrease of about 54.5%[29] - The company proposed a final dividend of HKD 0.10 per share for the year ended December 31, 2022, with no interim dividend paid during the year[84] - The final dividend is expected to be paid on or before July 18, 2023, to shareholders listed on June 5, 2023[88] Market Outlook and Strategy - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming year[11] - The Chinese government has set a GDP growth target of around 5% for 2023, indicating a resilient economic outlook despite a complex environment[73] - The company is committed to long-term development strategies, focusing on R&D investment in new products and technologies to enhance competitiveness and market share[74] - The board of directors emphasizes maintaining high standards of corporate governance and transparency to enhance shareholder value[75] Accounting Standards - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and are based on historical cost, except for certain financial instruments measured at fair value[12] - The group has adopted revised Hong Kong Financial Reporting Standards during the year, which did not significantly impact the financial position or performance[15] - The revised HKFRS 3 clarifies the framework for financial reporting without major changes to requirements, and the group did not identify any contingent assets or liabilities during the year[16]
中国龙工(03339) - 2022 - 年度业绩