Revenue and Profitability - The total revenue for the year ended December 31, 2022, was RMB 4,914.3 million, a decrease of RMB 1,589.1 million or 24.4% from RMB 6,503.4 million in 2021[15] - The gross profit for the year was RMB 963.7 million, down RMB 111.3 million or 10.4% from RMB 1,075.0 million in 2021[15] - Wind energy EPC revenue was RMB 1,911.5 million, a decrease of 38.1%, with a gross margin of 22.8%, up from 15.6% in the previous year[17] - Solar energy EPC revenue increased by 4.4%, but the gross margin decreased from 2.3% to 0.9% due to high material costs[16] - Power sales revenue slightly increased by 4.1%, with a stable gross margin of 56.3% compared to 59.4% in 2021[20] - Basic earnings per share for the year were RMB 0.002, down from RMB 0.088 in the previous year[18] - Profit before tax for the same period was RMB 47,421 thousand, down 83.7% from RMB 290,104 thousand in the previous year[32] - The net loss attributable to the owners of the company for the year was RMB 102,523 thousand, contrasting with a profit of RMB 243,937 thousand in 2021[36] - The company reported a total comprehensive loss of RMB 85,237 thousand for the year, compared to a total comprehensive income of RMB 258,300 thousand in the previous year[34] Assets and Liabilities - Total assets as of December 31, 2022, amounted to RMB 16,971,204 thousand, an increase of 16.3% from RMB 14,597,984 thousand in 2021[39] - Non-current assets increased to RMB 7,066,118 thousand from RMB 6,005,322 thousand, reflecting a growth of 17.7%[37] - Current assets rose to RMB 9,905,086 thousand, up from RMB 8,592,662 thousand, representing a growth of 15.3%[37] - Total liabilities increased to RMB 11,904,318 thousand, compared to RMB 9,915,985 thousand in the previous year, marking a rise of 20.0%[39] - As of December 31, 2022, the group had outstanding bank and other loans of approximately RMB 6,783,000,000, with effective interest rates ranging from 5.33% to 6.42%[72] - The group has an outstanding balance of approximately RMB 952,000,000 owed to Water Development BVI, accruing interest at an annual rate of 6%[60] Business Segments and Operations - The revenue from the curtain wall and green building business decreased by 33.7%, while the gross margin increased from 8.5% to 9.7% due to a higher proportion of green building business[1] - The construction services segment generated revenue of RMB 3,387,322,000, accounting for 68.93% of total revenue, down from 78.51% in the previous year[54] - Product sales revenue increased to RMB 789,191,000, representing 16.06% of total revenue, compared to 9.38% in 2021[54] - The company plans to temporarily reduce its solar EPC business and shift focus to wind energy EPC projects[16] Capital Expenditures and Investments - Capital expenditures for the year amounted to RMB 1,259,100,000, up from RMB 948,900,000 in 2021, primarily for wind and solar power projects[65] - The group reported a total investment of RMB 1,166,586,000 in equity investments and construction of solar photovoltaic power stations for the year[82] - A conditional agreement was reached for the acquisition of 24% and 16% equity stakes in a subsidiary of the ultimate parent company, with a total consideration of RMB 491,299,700[82] Dividends and Shareholder Returns - The company did not declare a final dividend for the year 2022, compared to a dividend of HKD 0.020 per share in 2021[32] - The group declared a dividend of RMB 50,421,636 for the year ended December 31, 2022, compared to RMB 70,590,290 in 2021[48] Expenses - The group reported a decrease in distribution expenses by RMB 18,600,000 or 21.5%, consistent with the decline in revenue[70] - Administrative expenses decreased by RMB 39,700,000 or 9.7% compared to the previous year[71] Financial Statements - The financial statements for the year ended December 31, 2022, were confirmed to be consistent with the audited consolidated financial statements[80]
水发兴业能源(00750) - 2022 - 年度业绩