Financial Performance - Total foreign trade revenue from China in 2022 was approximately $2.36 billion, a decrease of 33.2% from $3.54 billion in 2021[1]. - Total foreign trade revenue from other countries in 2022 was approximately $405.93 million, an increase of 105.5% from $197.68 million in 2021[1]. - Financial expenses totaled approximately $105.82 million in 2022, a decrease of 8.9% from $115.45 million in 2021[2]. - Other income for 2022 was approximately $973.23 thousand, a decrease of 58.4% from $2.34 million in 2021[4]. - The company reported operating revenue of RMB 2.766 billion, a decline of 25.94% compared to the previous year[23]. - The net profit attributable to shareholders of the listed company was a loss of RMB 425 million during the reporting period[23]. - The group’s revenue for the year ending December 31, 2022, was RMB 2,765,645,281.40, representing a decrease of approximately 25.94% compared to the previous year[41]. - The net loss attributable to equity holders was RMB -424,969,725.59, with a basic and diluted loss per share of RMB -0.53[41]. - The company reported a significant increase in financial expenses, totaling RMB 105,822,746.34, compared to RMB 115,447,705.15 in the previous year[82]. - The net profit for the year was RMB -448,935,447.37, compared to RMB -368,420,495.43 in the previous year, reflecting a worsening of approximately 21.8%[82]. - The total comprehensive income attributable to the owners of the parent company was RMB -426,327,037.05, compared to RMB -367,674,138.59 in the previous year[83]. Assets and Liabilities - The company's total assets as of December 31, 2022, were RMB 4.039 billion, a decrease of 9.40% year-on-year[23]. - Total current assets decreased from $1,846.77 million in 2021 to $1,648.06 million in 2022, a decline of approximately 10.7%[85]. - Total non-current assets decreased from $2,610.84 million in 2021 to $2,390.54 million in 2022, a decline of about 8.4%[86]. - Total liabilities increased from $3,097.86 million in 2021 to $3,128.25 million in 2022, an increase of approximately 1.0%[86]. - Total equity attributable to shareholders decreased from $1,413.24 million in 2021 to $987.96 million in 2022, a decline of about 30.0%[87]. - The company’s retained earnings showed a negative balance, increasing from $(434.05) million in 2021 to $(859.02) million in 2022[87]. Revenue Segments - The revenue from pipe products was approximately $1.61 billion in 2022, down from $2.05 billion in 2021, representing a decline of about 21%[97]. - The revenue from casting and forging products increased to approximately $982.45 million in 2022, up from $710.41 million in 2021, reflecting a growth of about 38%[97]. - The revenue from oil machinery components rose to approximately $22.59 million in 2022, compared to $8.89 million in 2021, marking an increase of about 154%[97]. - The total revenue from other business activities was approximately $114.31 million in 2022, slightly down from $126.53 million in 2021[97]. Operational Challenges - The increase in production costs and management expenses was attributed to insufficient product orders, decreased sales volume, and rising prices of key raw materials (coal)[23]. - The company experienced a loss in investment income of RMB -287,370.63, compared to RMB -169,863.60 in the previous year[82]. - The company faced a management expense of $278,990,958.47, which impacted overall profitability[103]. Strategic Initiatives - The company aims to enhance oil and gas resource exploration and development to ensure energy security, as emphasized in the 20th National Congress report[25]. - The company is committed to optimizing sales strategies based on market conditions and enhancing product and customer structure[33]. - The company aims to strengthen financial management by enhancing communication with banks to reduce financing costs and maintain or increase credit limits[43]. - The company plans to improve internal control management to reduce operational risks and enhance risk management capabilities[44]. - The company is closely monitoring fluctuations in raw material prices to control manufacturing costs and adjust product pricing accordingly[48]. - The company is committed to enhancing safety and environmental protection measures in response to increasing regulatory requirements, which may raise environmental investment costs[48]. Governance and Compliance - The company has maintained a high level of corporate governance and transparency, adhering to the corporate governance code and best practices[54]. - The company has not repurchased, sold, or redeemed any of its listed securities during the reporting period[61]. - The board of directors does not recommend the distribution of a final dividend for the year ended December 31, 2022[79].
山东墨龙(00568) - 2022 - 年度业绩