LEEJUN(002651)2023-04-26 16:00Financial Performance - The company's operating revenue for 2022 was CNY 1,019,929,815.58, representing a 6.36% increase compared to CNY 958,943,888.57 in 2021[19] - The net profit attributable to shareholders for 2022 was CNY 219,684,380.77, up 9.90% from CNY 199,898,069.08 in the previous year[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 211,122,794.16, reflecting a 14.61% increase from CNY 184,207,257.96 in 2021[19] - The net cash flow from operating activities decreased by 24.19% to CNY 194,461,767.96 from CNY 256,496,307.35 in 2021[19] - The total assets at the end of 2022 were CNY 3,466,866,570.10, an increase of 11.80% from CNY 3,100,916,030.68 at the end of 2021[19] - The net assets attributable to shareholders increased by 9.55% to CNY 2,597,041,185.22 from CNY 2,370,750,121.33 in 2021[19] - The basic earnings per share for 2022 were CNY 0.21, a 10.53% increase compared to CNY 0.19 in 2021[19] - The diluted earnings per share also stood at CNY 0.21, reflecting the same growth rate as the basic earnings per share[19] - The weighted average return on equity for 2022 was 8.87%, up from 8.36% in 2021[19] - The operating profit reached CNY 250,653,600, an increase of 7.32% compared to the previous year[63] Revenue Breakdown - The company reported a total revenue of CNY 1,020,930,815.58 for the year 2022, showing a significant increase compared to CNY 1,000,000,000 in 2021[26] - The revenue from the grinding system and its supporting equipment manufacturing business was CNY 724,881,362.06, up 24.89% year-on-year[65] - The revenue from aerospace component manufacturing decreased by 22.05% to CNY 295,048,453.52[65] - The revenue from cement roller presses and related equipment surged by 56.09% to 276,621,821.02 yuan, accounting for 27.12% of total revenue[79] - The aerospace components manufacturing business achieved revenue of 29,504.85 million yuan, a decrease of 22.05% compared to the previous year[68] Cash Flow and Investments - The cash and cash equivalents increased by CNY 445,760,300, a significant rise of 249.01% compared to the previous year[63] - The net cash flow from operating activities decreased by 24.19% to ¥194,461,767.96 in 2022 from ¥256,496,307.35 in 2021[98] - Investment cash inflow decreased by 33.74% to ¥781,885,741.09 in 2022, while investment cash outflow decreased by 51.59% to ¥512,252,819.06[98] - The net increase in cash and cash equivalents rose significantly by 249.01% to ¥445,760,261.84 in 2022 from ¥127,719,572.70 in 2021[99] Research and Development - The company is focused on developing high-efficiency and energy-saving grinding systems, particularly in the cement and mining industries, which are closely tied to macroeconomic conditions[28] - The company has established itself as a leading player in the grinding system equipment manufacturing sector, with significant investments in R&D to enhance product performance and expand application fields[29] - The company plans to enhance product competitiveness through various R&D projects, including energy-saving technologies and new equipment development[96] - R&D investment amounted to ¥40,938,911.03 in 2022, a decrease of 7.20% from ¥44,115,084.73 in 2021, representing 4.01% of operating revenue[96] - The number of R&D personnel decreased by 13.13% to 172 in 2022 from 198 in 2021, with a slight increase in the proportion of R&D personnel to 11.49%[96] Market and Industry Trends - The aerospace components manufacturing segment is experiencing rapid growth, supported by national policies and increasing demand in both military and civilian markets[32] - The aerospace component manufacturing market is expected to grow due to technological maturity and supportive national policies, indicating a positive outlook for the industry[46] - The domestic market for roller press grinding systems is becoming increasingly competitive, with several local manufacturers achieving performance levels comparable to imported equipment[127] - Future trends in the grinding system industry include larger equipment sizes, increased production efficiency, and simplified operation[129][130][131] - The market for grinding system equipment is shifting towards energy-efficient and durable solutions due to increasing environmental awareness among downstream production enterprises[138] Corporate Governance - The company has established a comprehensive internal control system covering management, operations, finance, and information disclosure to ensure compliance and operational efficiency[156] - The board of directors consists of nine members, including three independent directors, ensuring compliance with legal and regulatory requirements[159] - The company maintains a clear separation from its controlling shareholder in terms of business operations, personnel, assets, and finances, ensuring independent operation[166] - The company has implemented performance evaluation standards and incentive mechanisms for its directors and senior management to promote transparency and accountability[161] - The company emphasizes information disclosure and investor relations management, ensuring timely and accurate communication with all investors[163] Employee and Remuneration - The company reported a total of 1,497 employees at the end of the reporting period, with 442 in the parent company and 1,055 in major subsidiaries[194] - The employee composition includes 847 production personnel, 102 sales personnel, 249 technical personnel, 25 financial personnel, and 274 administrative personnel[194] - The total remuneration paid to all directors, supervisors, and senior management during the reporting period amounted to 14.377 million RMB[185] - The company has a structured remuneration system based on performance and position[185] - The company has adopted a training program that combines online and offline methods to enhance employee skills and work efficiency[196][197] Dividend Distribution - The company distributed cash dividends of 31,003,800.00 yuan (including tax) to shareholders, based on a total share capital of 1,033,460,000 shares, at a rate of 0.3 yuan per 10 shares[199] - The company has declared a cash dividend of 0.4 CNY per 10 shares (including tax)[200] - The cash dividend policy complies with the company's articles of association and shareholder meeting resolutions[200] - The decision-making process and mechanisms regarding the cash dividend policy are complete and transparent[200] - Independent directors have fulfilled their responsibilities and played their due role in the decision-making process[200]