BYE(603861)2023-04-25 16:00Financial Performance - The net profit attributable to shareholders for 2022 was CNY 35,673,811.36, with a proposed dividend distribution of CNY 0.25 per 10 shares[5]. - The company's operating revenue for 2022 was CNY 3,465,117,622.99, a decrease of 1.36% compared to 2021[22]. - Net profit attributable to shareholders was CNY 35,673,811.36, down 36.41% year-on-year[22]. - The net profit after deducting non-recurring gains and losses decreased by 24.68% to CNY 28,233,613.77[22]. - Basic earnings per share decreased by 35.99% to CNY 0.0818[23]. - The weighted average return on equity fell to 1.29%, a decrease of 0.81 percentage points from the previous year[23]. - The gross profit margin for the main business was 16.51%, a decrease of 1.35 percentage points compared to the previous year[62]. - The company reported a total revenue of approximately 4.51 billion, with a net profit of around 24.2 million, indicating a decrease of 22.18 million compared to the previous period[91]. Cash Flow and Assets - The net cash flow from operating activities increased significantly by 420.53% to CNY 724,642,967.43 due to enhanced collection efforts[24]. - Total assets grew by 4.77% to CNY 8,510,738,628.19 at the end of 2022[24]. - The net assets attributable to shareholders increased by 1.30% to CNY 2,788,006,007.62[24]. - Cash and cash equivalents decreased by 68.47% to ¥453,214,015.20, down from ¥1,437,358,563[74]. - The company reported a significant increase in prepayments by 51.45% to ¥135,815,692.70, up from ¥89,677,039.21[74]. Market Presence and Growth - As of the end of 2022, the company had an order backlog of 8.738 billion RMB, providing a stable foundation for future performance growth[32]. - The company successfully expanded its market presence, achieving significant breakthroughs in the South Grid and State Grid markets, with multiple product categories ranking among the top in market share[33]. - The company has served 33 cities and 115 rail transit lines since entering the rail transit sector in 2003, showcasing its extensive market presence[47]. - The company has secured contracts worth CNY 77.2 billion for the Guangzhou Metro's new lines, with recognized revenue of CNY 1.871 billion, representing 24.24% of the total contract value[47]. Product Development and Innovation - The company launched 10 new products and technology solutions, including H-type low-voltage cabinets and intelligent circuit breakers, with several achieving international advanced levels[38]. - The company is focusing on high voltage construction, with a planned investment of 380 billion for the "14th Five-Year Plan" period, which is a significant increase compared to the previous plan[93]. - The company aims to enhance existing product competitiveness and accelerate new product and technology development, focusing on renewable energy investments to support growth targets[103]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Huaxing Accounting Firm[4]. - The board of directors and supervisory board confirm the authenticity, accuracy, and completeness of the annual report[11]. - The company strictly adhered to national laws and regulations, with no violations reported, ensuring alignment with regulatory standards[121]. - The company approved multiple resolutions in its shareholder meetings, including the 2022 financial budget and the use of idle funds for wealth management products[126]. Environmental and Social Responsibility - The company has invested approximately 3.19 million yuan in environmental protection during the reporting period[184]. - The company has established environmental protection mechanisms and conducted environmental impact assessments for all construction projects[190]. - The company has achieved a reduction of 10,030 tons in carbon dioxide equivalent emissions through various decarbonization measures, including the use of clean energy and carbon-reducing technologies in production[197]. - The company has a strong commitment to community engagement, as demonstrated by its leadership roles in charitable organizations[142]. Strategic Planning and Future Outlook - The company anticipates that the market for traditional IDC services will grow to 216.5 billion by 2025, with a compound annual growth rate of 17.2% from 2021 to 2023[96]. - The company is actively seeking partnerships with strategically aligned firms to expand its energy storage business and enhance market competitiveness[107]. - The company provided guidance for 2023, expecting revenue to reach between 1.6 billion and 1.8 billion, indicating a potential growth of 7% to 20%[133]. - The company is exploring acquisition opportunities in the tech sector to bolster its product offerings[133].