Changgao NEET(002452)2023-04-24 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,222,900,130.75, a decrease of 19.61% compared to ¥1,521,246,549.82 in 2021[20]. - The net profit attributable to shareholders for 2022 was ¥58,050,599.47, down 76.92% from ¥251,497,536.03 in 2021[20]. - The net cash flow from operating activities decreased by 52.98% to ¥227,460,613.74 in 2022 from ¥483,774,350.99 in 2021[20]. - The basic earnings per share for 2022 was ¥0.0936, a decline of 79.09% compared to ¥0.4476 in 2021[20]. - Total assets at the end of 2022 were ¥3,254,980,104.24, a decrease of 2.33% from ¥3,332,705,150.70 at the end of 2021[21]. - The company's net assets attributable to shareholders increased by 0.76% to ¥2,099,088,026.81 at the end of 2022 from ¥2,083,349,831.93 at the end of 2021[21]. - The company reported a total revenue of CNY 1.22 billion for 2022, a decrease of 19.62% compared to CNY 1.52 billion in 2021[46]. - Net profit attributable to shareholders was CNY 58.05 million, down 76.92% year-on-year[46]. - The revenue from the power transmission and transformation equipment segment was CNY 1.11 billion, accounting for 91.03% of total revenue, with a decline of 15.36% from the previous year[52]. Dividend Distribution - The company plans to distribute a cash dividend of 0.2 CNY per 10 shares to all shareholders, based on a total of 620,332,085 shares[4]. - In 2022, the company distributed cash dividends of 0.2 yuan per 10 shares, totaling 12,406,641.70 yuan, based on a total share capital of 620,332,085 shares[153]. - The cash dividend distribution accounted for 100% of the total profit distribution amount[152]. - The company has proposed to maintain a minimum cash dividend ratio of 20% during profit distribution, considering its growth stage and significant capital expenditure[152]. Business Operations and Strategy - The company has undergone changes in its business scope as approved in multiple shareholder meetings from 2012 to 2016[18]. - The company plans to expand its business scope to include various import and export activities, electric power engineering construction, and new energy vehicle components manufacturing[19]. - The company operates in the rapidly growing electric power industry, focusing on digital upgrades and new energy technology applications as part of the national energy transition strategy[30]. - The company is actively responding to the development of a new power system, exploring various renewable energy generation models, including distributed solar and wind power stations[42]. - The company is committed to developing a dual-driven strategy focusing on power transmission and distribution equipment manufacturing alongside new energy and storage solutions[99]. Research and Development - Research and development investment increased by 12.09% to CNY 87.75 million[46]. - The company holds 44 invention patents, 340 utility model patents, and 36 software copyrights as of the end of the reporting period[43]. - The company has developed new products, including environmentally friendly gas-insulated switchgear, to meet market demands[66]. - The company aims to enhance its research and development capabilities, focusing on high-altitude and ultra-high voltage technologies to maintain a competitive edge in the market[39]. - The company completed several major R&D projects aimed at expanding product lines and enhancing technological capabilities[65]. Market and Competitive Position - The company achieved a significant breakthrough in the southern power grid market, with orders exceeding CNY 100 million, representing a year-on-year growth of 123.8%[46]. - The company is actively expanding its market presence through new product development and strategic initiatives[65]. - The company plans to enhance its product line towards ultra-high voltage, green, and intelligent upgrades, while also improving cost control to adapt to market demands[98]. - The company has established a strong supply chain by partnering with reputable suppliers, enhancing procurement efficiency and cost control[35]. Financial Management and Governance - The company has established a comprehensive corporate governance structure and an investor interaction platform to ensure fair and transparent information disclosure[185]. - The company has complied with all relevant governance regulations, with no unresolved governance issues[108]. - The company held three temporary shareholder meetings in 2022, with significant resolutions including changes to registered capital and company name[114]. - The total remuneration for directors, supervisors, and senior management amounted to 378.75 million RMB for the reporting period[128]. - The company has a structured remuneration decision-making process involving the remuneration and assessment committee, board of directors, and shareholders' meeting[127]. Environmental Responsibility - The company adheres to environmental protection standards, executing wastewater discharge standards and maintaining necessary environmental permits[179]. - The company reported specific pollutant discharge levels, including COD at 19 mg/l and ammonia nitrogen at 1.17 mg/l, in compliance with relevant standards[180]. - The company has increased the efficiency of organic waste gas treatment by adding photocatalytic equipment, which is now in normal operation[181]. - The company invested over 200,000 yuan in environmental governance and paid 666.98 yuan in environmental protection tax for the year 2022[184]. - There were no administrative penalties due to environmental issues during the reporting period[185]. Acquisitions and Investments - The company completed the acquisition of 60% equity in Hunan Changgao Hongrui Electric Co., Ltd., integrating all assets and personnel[172]. - The company transferred 18% of its 51% stake in Hangzhou Bogo Vehicle Electric Engineering Co., Ltd., reducing its ownership to 33%[197]. - The company established Hunan Gaoyan Electric Technology Co., Ltd. with a 70% stake, which will be included in the consolidated financial statements from November 2022[197]. Internal Control and Audit - The internal control self-assessment report indicated that 100% of the total assets and operating income of the evaluated units were included in the company's consolidated financial statements[173]. - There were no significant defects identified in the internal control system during the reporting period[175]. - The internal control audit report confirmed that the company maintained effective financial reporting internal controls as of December 31, 2022[175]. - The company plans to continue using the auditing firm Zhongshuihua for its 2022 audit, ensuring consistency in financial oversight[137].