Guangdong Hongda (SZ:002683)2023-04-24 10:14Financial Performance - In 2022, the company achieved operating revenue of CNY 10.169 billion, a year-on-year increase of 19.26% [2] - The net profit attributable to shareholders was CNY 561 million, up 16.78% from the previous year [2] - In Q1 2023, operating revenue reached CNY 1.976 billion, a 10.47% increase year-on-year [2] - The net profit attributable to shareholders for Q1 2023 was CNY 51.31 million, reflecting a growth of 24.74% [2] Business Segments Mining Services - In 2022, the mining services segment generated CNY 7.373 billion in revenue, a 20.68% increase from CNY 6.110 billion in 2021 [2] - The gross margin for the mining services segment was 16.55%, remaining stable compared to the previous year [2] - The segment's order backlog exceeded CNY 20 billion, providing strong support for future revenue growth [2] Explosives - The explosives segment reported revenue of CNY 2.186 billion in 2022, a 16.94% increase from CNY 1.869 billion in 2021 [2] - The gross margin for the explosives segment was 29.59%, consistent with the previous year [2] Defense Equipment - The defense equipment segment's revenue in 2022 was CNY 290 million, a decrease of 24.57% due to reduced delivery volumes of traditional military products [2] Strategic Initiatives - The company aims to consolidate the number of explosives production enterprises to between 40 and 50 during the 14th Five-Year Plan period [3] - The company plans to enhance its market position in the explosives sector through mergers and acquisitions, particularly in resource-rich areas [3] International Expansion - The company has expanded its overseas operations, achieving CNY 708 million in revenue from international markets in 2022, a 43.54% increase year-on-year [4] - New projects were launched in Guyana and Colombia, contributing to the growth of the international business [4] Future Outlook - The mining services segment is expected to continue its growth trajectory, with a focus on large projects and key clients [2] - The company is actively pursuing market opportunities in regions such as Inner Mongolia, Xinjiang, and Tibet [2] - The defense equipment segment will focus on product diversification and technological upgrades [7]