Financial Performance - The total operating revenue for the year ended December 31, 2022, was RMB 1,386,395,566.38, an increase from RMB 1,177,915,845.96 in 2021, representing a growth of approximately 17.7%[6] - The net profit attributable to shareholders for the year was RMB 15,823,592.47, down from RMB 34,156,323.88 in the previous year, indicating a decline of about 53.7%[6] - The company reported a total comprehensive income of RMB 18,263,799.30 for the year, down from RMB 25,594,976.63 in 2021, reflecting a decline of about 28.5%[6] - The company's net profit attributable to ordinary shareholders for 2022 was CNY 15,823,592.47, resulting in a basic earnings per share (EPS) of CNY 0.02, down from CNY 0.04 in 2021[38] - The net profit attributable to ordinary shareholders after deducting non-recurring gains and losses was CNY -9,657,861.73, leading to a diluted EPS of CNY -0.01, compared to CNY 0.002 in 2021[38] - Non-recurring gains and losses for 2022 amounted to CNY 25,481,454.20, a decrease from CNY 32,547,101.99 in 2021[40] - The company's operating revenue reached RMB 1,386,395,566.38, representing a year-on-year increase of 17.70%[62] - The company's capital debt ratio at the end of the reporting period was 2.92%, up from 2.12% at the end of the previous year[74] - The weighted average return on net assets was 1.14%, down from 2.51% in 2021, indicating a decline of 1.37%[132] Assets and Liabilities - The total liabilities as of December 31, 2022, amounted to RMB 1,016,385,196.52, compared to RMB 720,624,684.62 in 2021, reflecting an increase of approximately 41.1%[5] - The total assets as of December 31, 2022, were RMB 2,389,483,168.38, up from RMB 2,075,458,857.18 in 2021, marking a growth of about 15.1%[5] - The total current liabilities as of December 31, 2022, were RMB 938,866,486.73, compared to RMB 664,062,173.33 in 2021, which is an increase of approximately 41.3%[5] - The total equity attributable to shareholders was RMB 1,392,660,876.69 as of December 31, 2022, compared to RMB 1,376,837,284.22 in 2021, showing a slight increase of approximately 1.1%[5] - The company's total assets minus current liabilities as of December 31, 2022, were CNY 1,450,616,681.65, compared to CNY 1,411,396,683.85 in 2021[61] Cash Flow and Expenses - The net cash flow from operating activities was RMB 110,871,280.81, a significant increase of 179.76% year-on-year, mainly due to higher cash receipts from sales[71] - Cash flow from operating activities increased by 179.76% year-on-year, reaching RMB 110,871,280.81[93] - The company’s cash and cash equivalents increased by 634.71% year-on-year, totaling RMB 13,030,787.85[93] - The total amount of cash and cash equivalents at the end of the reporting period was RMB 232,225,660.78, representing 9.72% of total assets[95] - Sales expenses amounted to RMB 52,043,482.77, a decrease of 5.40% year-on-year, primarily due to reduced warranty costs[63] - Management expenses increased to RMB 87,822,707.53, up 5.67% year-on-year, attributed to higher business activity leading to increased hospitality, office, and professional service costs[64] - R&D expenses rose to RMB 99,668,577.85, an increase of 23.84% year-on-year, accounting for 7.19% of operating revenue, focusing on safety, intelligence, automation, energy-saving, and lightweight technologies[89] Sales and Market Performance - The company's main business revenue for 2022 reached approximately ¥1,328 million, an increase from ¥1,096 million in 2021[36] - Total revenue, including other business income, amounted to approximately ¥1,386 million in 2022, compared to ¥1,177 million in 2021[36] - The company's operating revenue is primarily derived from domestic sales, accounting for 91.43% of total revenue[59] - Domestic sales accounted for 91.43% of total revenue, with domestic revenue increasing by 25.63% year-on-year, while overseas revenue decreased by 29.67%[68] - The company sold 2,155,984 units of automotive parts, a year-on-year increase of 12.97%[68] - The sales volume of electric steering products significantly increased, with mass production achieved for steering columns and intermediate shafts[112] - In 2022, China's automobile production and sales reached 27.02 million and 26.86 million units, respectively, representing year-on-year growth of 3.40% and 2.10%[61] - The sales of new energy vehicles in 2022 were 7.058 million units, showing a significant year-on-year increase of 96.90%[61] Tax and Regulatory Benefits - The company benefited from a 100% exemption from property tax for the current period due to its status as a high-tech enterprise[27] - The effective corporate income tax rate for the company is reduced to 15% due to its high-tech enterprise certification[26] Employee and Operational Information - The company had 1,697 full-time employees as of December 31, 2022, across various functions including production, sales, technology, finance, and administration[113] - The company does not plan to distribute cash dividends or issue bonus shares for the 2022 fiscal year[56] - The company did not distribute cash dividends or issue bonus shares for the 2022 profit distribution plan, pending approval at the annual general meeting[101] Other Financial Metrics - The company reported a bad debt provision of ¥35.36 million, representing 7.28% of total accounts receivable as of December 31, 2022[30] - The company has a total of ¥153.16 million in short-term borrowings as of December 31, 2022, slightly up from ¥153.12 million in 2021[32] - Long-term borrowings increased to ¥43.82 million in 2022 from ¥18.79 million in 2021[34] - The company reported interest expenses of approximately ¥5.35 million in 2022, compared to ¥4.89 million in 2021[36] - The company’s inventory increased by 27.2% year-on-year to RMB 418,926,209.83, accounting for 17.53% of total assets[95] - The company experienced a decrease in non-current asset disposal gains, which were CNY 5,044,588.11 in 2022 compared to CNY 5,309,927.97 in 2021[40] - Investment income decreased by 70.78% year-on-year to RMB 1,798,850.81, primarily due to the absence of debt restructuring gains in the current period[90] - The company reported a significant increase in credit impairment losses, which rose by 1,172.48% year-on-year to RMB -1,589,469.25, attributed to increased accounts receivable due to expanded sales[90]
浙江世宝(01057) - 2022 - 年度业绩