Financial Performance - The company's revenue for 2022 was RMB 32,043.31 million, an increase of RMB 2,749.78 million (9.39%) compared to 2021[2]. - The profit attributable to shareholders for 2022 was RMB 2,538.24 million, an increase of RMB 590.45 million (30.31%) from 2021[2]. - The basic earnings per share for 2022 was RMB 145.38, up from RMB 112.42 in 2021[4]. - The total comprehensive income for the year was RMB 2,946.04 million, compared to RMB 2,155.16 million in 2021[4]. - The total revenue for the year ended December 31, 2022, was RMB 32,043,306 thousand, compared to RMB 29,293,527 thousand for the year ended December 31, 2021, representing an increase of about 9.5%[13][14]. - The company reported a total comprehensive profit of RMB 2,628,005 thousand for the year ended December 31, 2022, compared to RMB 2,069,868 thousand in 2021, reflecting an increase of about 27.0%[18]. - Profit before tax rose by 17.79% from RMB 2,623.32 million in 2021 to RMB 3,090.08 million in 2022[54]. - The effective tax rate decreased from 21.10% in 2021 to 14.95% in 2022, with tax expenses falling by 16.51% from RMB 553.45 million to RMB 462.07 million[55]. Assets and Liabilities - Non-current assets totaled RMB 10,270.31 million as of December 31, 2022, an increase from RMB 9,407.76 million in 2021[5]. - Current assets amounted to RMB 34,199.28 million, up from RMB 27,922.55 million in 2021[5]. - The total assets of the company reached RMB 44,469.59 million, compared to RMB 37,330.31 million in 2021[5]. - Total liabilities increased to RMB 25,831,308 thousand in 2022, up from RMB 21,679,337 thousand in 2021, representing a growth of approximately 19.9%[6]. - Current liabilities rose to RMB 19,585,740 thousand in 2022, compared to RMB 15,078,373 thousand in 2021, marking an increase of about 30.3%[6]. - Non-current liabilities decreased to RMB 6,245,568 thousand in 2022 from RMB 6,600,964 thousand in 2021, a decline of approximately 5.4%[6]. - The company's equity attributable to shareholders increased to RMB 17,807,267 thousand in 2022, up from RMB 14,795,491 thousand in 2021, reflecting a growth of around 20.4%[6]. Revenue Breakdown - Revenue from automotive parts sales was RMB 15,170,886 thousand in 2022, compared to RMB 16,080,408 thousand in 2021, indicating a decrease of about 5.6%[13][14]. - Revenue from hydraulic supports sales was RMB 9,239,798 thousand in 2022, down from RMB 6,873,987 thousand in 2021, showing an increase of approximately 34.5%[13][14]. - Revenue from the Chinese market reached RMB 21,716,648 thousand in 2022, compared to RMB 19,929,645 thousand in 2021, marking a growth of about 9.0%[20]. - The company reported a significant increase in export business revenue, reaching 590 million RMB, a year-on-year growth of 34%[67]. - New energy business revenue approximately reached 190 million RMB, reflecting a year-on-year growth of about 130%[67]. Expenses and Costs - Research and development expenses for 2022 were RMB 1,385.96 million, an increase from RMB 1,271.74 million in 2021[3]. - Sales cost rose by 10.43% from RMB 23,221.70 million in 2021 to RMB 25,644.60 million in 2022[46]. - Gross profit increased by 5.38% from RMB 6,071.83 million in 2021 to RMB 6,398.71 million in 2022, with a decline in overall gross margin from 20.73% to 19.97%[47]. - Other income rose by 23.67% from RMB 385.25 million in 2021 to RMB 476.43 million in 2022, mainly due to increased government subsidies and interest income[48]. - Administrative expenses decreased by 16.46% from RMB 1,284.32 million in 2021 to RMB 1,072.97 million in 2022[51]. - Other losses increased significantly by 3,257.59% from a loss of RMB 3.58 million in 2021 to a loss of RMB 120.03 million in 2022, primarily due to goodwill impairment[49]. Dividends and Shareholder Information - The board proposed a final dividend of RMB 5.60 per 10 shares for the year ending December 31, 2022, totaling approximately RMB 998 million, subject to shareholder approval[89]. - The total dividend proposed for the year ended December 31, 2022, is RMB 998,057,743.20, with a proposed final dividend of RMB 0.56 per share, up from RMB 0.435 per share in 2021[30]. - The company will withhold a 10% personal income tax on dividends distributed to H-share individual shareholders unless otherwise specified by tax regulations or agreements[91]. - For investors under the Shanghai-Hong Kong Stock Connect, the company will also withhold a 10% tax on dividends, with the possibility of tax refunds for those eligible under tax treaties[92]. Corporate Governance and Compliance - The company has adopted corporate governance codes to maintain high standards of governance, ensuring compliance with relevant regulations[87]. - The audit committee has reviewed the accounting principles and policies adopted by the group for the year ended December 31, 2022[95]. - The financial statements for the year ended December 31, 2022, have been audited by PricewaterhouseCoopers, confirming consistency with the preliminary announcement[95]. - The company is committed to ensuring compliance with international financial reporting standards and Chinese accounting standards[96]. Strategic Goals and Future Outlook - The company aims to achieve a strategic goal of RMB 50 billion over the next 5 years, focusing on new energy and high-quality development[60]. - The company is advancing its digital transformation, integrating data across product design, production, supply chain, and customer service to drive business process changes[63]. - The company aims to achieve a development target of "500 billion in 5 years" by enhancing innovation and accelerating digital transformation in high-end intelligent equipment manufacturing[72]. - The coal machinery sector is expected to experience rapid development driven by intelligence and internationalization over the next 5 years, with a focus on integrated solutions and service-oriented approaches[73]. - The automotive parts segment is undergoing transformation to capitalize on the global trend of electrification, with a commitment to expanding new energy vehicle components and systems integration[74]. Risk Management and Operational Strategies - The company is enhancing its comprehensive risk management system to ensure legal compliance and asset safety, supporting its strategic objectives[85]. - The company is committed to building organizational capabilities, enhancing digital and human resource capabilities to create more certainty in response to environmental uncertainties[82]. - The company is focusing on technological innovation to enhance its competitive advantage, establishing a technical system aligned with its five-year strategic plan and promoting product innovation in areas such as smart mining and various specialized robots[82].
中创智领(00564) - 2022 - 年度业绩