CENTER INT(603098)2023-04-28 16:00Financial Performance - The company reported a total distributable profit of RMB 1,026,620,657.60 as of December 31, 2022, with a proposed cash dividend of RMB 0.5 per 10 shares, totaling RMB 26,939,998.9[5]. - The company achieved an operating revenue of RMB 4.23 billion in 2022, representing a year-on-year increase of 34.85%[23]. - The net profit attributable to shareholders was RMB 53.52 million, up 63.09% compared to the previous year[23]. - The basic earnings per share increased to RMB 0.10, reflecting a growth of 66.67% year-on-year[23]. - The weighted average return on equity rose to 1.72%, an increase of 0.44 percentage points from the previous year[23]. - The net cash flow from operating activities surged to RMB 312.66 million, a significant increase of 848.39% year-on-year[23]. - The company reported a significant increase in non-recurring gains, totaling RMB 17.53 million for the year[27]. - The company reported a net cash flow from financing activities of ¥678,032,983.50, a significant increase compared to the previous year's negative cash flow[110]. - The company's main business revenue for the reporting period was 2,665,756,726.2 CNY, representing a year-on-year increase of 13.72%[115]. - The company’s total assets at the end of the reporting period were 7,396,000,000 CNY, with cash and cash equivalents increasing by 131.25% to 1,699,940,029.85 CNY[126]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential uncertainties in future plans[6]. - The company has detailed potential risk factors in the management discussion and analysis section of the report[8]. - The company faces risks related to macroeconomic fluctuations and policy changes, which could significantly impact fixed asset investment and project timelines[180]. - The prices of key raw materials, including steel and BIPV components, are subject to volatility, potentially affecting profitability if prices rise sharply[181]. - Labor costs are expected to increase due to demographic changes and economic development, posing a risk to procurement costs and overall profitability[182]. Corporate Governance - The company has confirmed that all board members attended the board meeting, ensuring accountability for the report's accuracy[4]. - The governance structure includes a board of directors, supervisory board, and senior management, ensuring compliance with legal and regulatory requirements[186]. - The company has conducted two shareholder meetings during the reporting period, adhering to legal procedures and ensuring valid resolutions[188]. - The total remuneration for key executives includes 60,000 yuan for the chairman and 150,000 yuan for the general manager, reflecting the company's compensation strategy[190]. - The company has established a strong governance framework with independent directors overseeing key operations, ensuring accountability[195]. Market Position and Strategy - The company successfully entered the Building Integrated Photovoltaics (BIPV) market, with a rapid growth in new contract amounts[31]. - The company maintained its position as a "hidden champion" in the domestic building metal enclosure system market, securing major projects including Xi'an Airport and Guangzhou Baiyun Airport, further solidifying its market share[32]. - The company aims to be a leading provider of high-end building metal enclosure systems and BIPV solutions, with a focus on comprehensive lifecycle services[65]. - The company is focusing on expanding its business in the photovoltaic sector, with several BIPV projects completed, including the Shan Dong Heavy Industry BIPV project[98]. - The company aims to enhance its market presence through strategic partnerships and technological advancements in the metal enclosure industry[95]. Research and Development - The company has established a comprehensive independent innovation system and is recognized as a national high-tech enterprise and a "little giant" enterprise[102]. - The company is actively involved in environmental technology, indicating a commitment to sustainability and innovation in its business practices[194]. - The company is focusing on new product development in the field of environmental protection equipment, aiming to enhance its market position[153]. - The company has allocated significant resources towards research and development in new materials technology, with a focus on sustainability[154]. - The company is committed to increasing R&D investments to enhance its design and development capabilities in both traditional metal enclosure and BIPV sectors, collaborating with top research institutions[176]. Project Management - The company completed 54 projects during the reporting period, with a total value of 876.38 million RMB[137]. - The total amount of ongoing projects reached 761.06 million RMB, with 148 projects in domestic locations and 3 projects overseas[139]. - The company signed 244 new projects during the reporting period, amounting to 679.74 million RMB[141]. - The total amount of orders on hand at the end of the reporting period was 524.57 million RMB, including 107.81 million RMB for projects that have been contracted but not yet started[142]. - Major projects undertaken during the reporting period include the Hangzhou Bay Geely Extreme Kr project and the Chengdu Tianfu International Airport metal roofing system, which received multiple industry awards[99]. Environmental and Social Responsibility - The company received the Environmental Technology Progress Award from the China Environmental Protection Industry Association for its innovative soil remediation technology[34]. - The company participated in the development of national standards for environmental remediation, including the "Technical Specifications for Military Pollution Site Remediation"[34]. - The company is focused on expanding its renewable energy product offerings and enhancing its technology services[150]. - The company aims to improve operational efficiency and reduce losses in underperforming subsidiaries[150]. - The company is committed to fulfilling its corporate mission of creating a better working and living environment for society through its diverse business operations[172].