LIUGONG(000528)2023-04-27 16:00Dividend and Shareholding Structure - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders, based on a total of 1,951,261,261 shares[6]. - The company's major shareholder, Liugong Group, holds a 25.87% stake following the absorption merger with Liugong Limited[15]. - The actual controller of the company is the Guangxi State-owned Assets Supervision and Administration Commission[15]. - The company has maintained a consistent shareholding structure, with Liugong Limited's stake slightly increasing to 34.68% due to stock repurchase[15]. Business Operations and Financial Performance - The company reported no changes in its main business operations or product lines during the reporting period[15]. - The company's operating revenue for the year was approximately ¥28.70 billion, reflecting a year-over-year decrease of 7.74%[28]. - Net profit attributable to shareholders was approximately ¥997.26 million, down 39.90% compared to the previous year[28]. - The net profit after deducting non-recurring gains and losses was approximately ¥778.86 million, a decrease of 39.18% year-over-year[28]. - Basic and diluted earnings per share were both ¥0.31, representing a decline of 39.22% from the previous year[28]. - The total assets at the end of 2022 were approximately ¥40.45 billion, an increase of 4.46% compared to the end of 2021[28]. - The net assets attributable to shareholders increased by 2.29% to approximately ¥15.39 billion[28]. Market Presence and Strategy - The company continues to focus on expanding its market presence and enhancing its product offerings in the machinery sector[15]. - The company is committed to a "comprehensive internationalization" strategy, focusing on international and localized operations across the entire value chain[37]. - The company aims to enhance its international market presence, with steady growth in overseas sales and market share[58]. - The domestic market experienced a significant decline in sales due to cyclical factors and a sluggish real estate sector, while the overseas market faced challenges from geopolitical tensions and inflation, presenting opportunities for Chinese companies[58]. Research and Development - The company has established a comprehensive R&D system with 24 research institutes and has set up regional R&D centers in the UK, USA, Poland, and India to enhance innovation capabilities[74]. - The company is focusing on the trends of electrification, digitalization, and automation in the industry, establishing specialized research institutes to accelerate the application of new technologies[74]. - The company launched 32 new products, including advanced electric and hydraulic systems, and achieved significant technological breakthroughs in electric control systems and autonomous machinery[81][85]. - The company invested CNY 937,459,636.67 in R&D in 2022, representing 3.54% of total revenue, an increase from 3.26% in 2021[156]. - The R&D personnel count increased by 31.07% to 1,582 in 2022 from 1,207 in 2021, with a notable increase in the proportion of personnel holding master's degrees[172]. Sales and Marketing - The company has implemented various sales models, including direct sales and dealer sales, with financing options such as leasing and bank mortgages[62]. - The company signed strategic cooperation agreements with 32 partners, enhancing its marketing ecosystem and customer engagement[133]. - The company achieved record overseas sales exceeding 8 billion yuan, marking the best performance in its 20 years of international business, with excavator sales increasing by 68% year-on-year[88]. - The sales in core countries increased to 75% of total sales, with a year-on-year growth of over 60% in mature markets[134]. Financial Management and Risk Control - The company has maintained a controllable overall business risk status, with no overdue or repurchase issues reported in its mortgage and directed guarantee warehouse businesses[69]. - The company has implemented risk control measures including the establishment of a risk assessment model and monitoring mechanism to address market volatility[199]. - The company emphasizes the importance of compliance with regulations and timely information disclosure as part of its risk management strategy[199]. - The company has identified market risk, liquidity risk, operational risk, and legal risk as key areas of concern in its derivative investment activities[199]. Awards and Recognition - The company received multiple awards for its technological innovations, including key design technologies and energy-saving systems in hydraulic applications[85]. - The company’s brand image has been significantly enhanced, being recognized as the only engineering machinery company in the "CCTV 60 Years 60 Brands" list[78]. - The company’s products received multiple industry awards, including the "Golden Finger Award" for the 862H loader[115]. Investment and Financial Stability - The total investment for the reporting period was ¥1,110,788,470.43, showing a slight decrease of 1.19% compared to the previous year[193]. - The company’s total assets reached CNY 1,517,418,304.64, reflecting its financial stability[162]. - The cash and cash equivalents increased by ¥936,722,163.04, a significant change attributed to reduced net working capital and decreased investments in fixed and intangible assets[174]. - The company has not engaged in any securities investments during the reporting period[196].