TSP(300129)2023-04-25 16:00Financial Performance - In 2022, the company's total revenue reached approximately CNY 3.13 billion, with a year-on-year increase of 25%[14] - The net profit attributable to shareholders was CNY 275 million, representing a 15% increase compared to the previous year[14] - The company's operating revenue for 2022 was ¥3,126,689,952.42, a decrease of 18.84% compared to ¥3,852,691,830.69 in 2021[58] - The net profit attributable to shareholders for 2022 was ¥274,887,502.66, representing a 6.33% increase from ¥258,534,053.21 in 2021[58] - The net profit after deducting non-recurring gains and losses was ¥191,616,971.66, down 17.14% from ¥231,266,232.16 in 2021[58] - The company anticipates a continued upward trend in revenue and profit for 2023, driven by increased demand for renewable energy solutions[20] Cash Flow and Assets - The operating cash flow for the fourth quarter was CNY 284.81 million, showing a recovery from previous quarters[14] - The net cash flow from operating activities was -¥295,900,758.75, a significant decline of 2,104.68% compared to -¥13,421,458.98 in 2021[58] - The total assets at the end of 2022 were ¥7,171,544,724.58, an increase of 23.52% from ¥5,806,168,349.95 at the end of 2021[58] - The company's current assets reached CNY 5,756,215,760.20, up from CNY 4,566,093,558.43 in the previous year, indicating a growth of approximately 26%[197][200] - The total liabilities were reported at CNY 3,113,271,405.07, compared to CNY 3,028,266,628.16, reflecting an increase of about 2.8%[200] - The equity attributable to shareholders of the parent company rose to CNY 4,039,486,302.26 from CNY 2,758,273,486.24, marking a significant increase of approximately 46.4%[200] Market and Strategic Initiatives - The company aims to expand its market presence in offshore wind power, aligning with national policies to increase renewable energy consumption to 20% by 2025[20] - The company is exploring strategic partnerships and potential acquisitions to strengthen its market position and technological capabilities[20] - The company has invested in new product development, focusing on advanced wind turbine technologies to enhance efficiency[20] Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 0.5 per 10 shares, based on a total share capital of 934,899,232 shares[4] - The company issued 215,745,976 shares to specific investors on June 6, 2022, increasing the total share capital[101] - Basic earnings per share for 2022 calculated on the new share capital was RMB 0.3253, compared to RMB 0.3822 on the original share capital[103] - The total amount of raised funds was RMB 1,080,887,339.76, with a net amount of RMB 1,064,832,625.43 after deducting issuance costs[118] Inventory and Receivables - As of December 31, 2022, the inventory balance was CNY 1,881.55 million, with an inventory impairment provision of CNY 78.65 million[168] - The inventory value was reported at CNY 1,802,908,986.44, up from CNY 1,509,687,961.12, indicating an increase of around 19.4%[197][200] - The accounts receivable increased to CNY 2,003,086,319.62 from CNY 1,953,152,373.68, showing a growth of approximately 2.7%[197][200] Audit and Compliance - The company has appointed Huaxing Accounting Firm as the auditor for the 2022 fiscal year, following the expiration of the previous auditor's term[80] - The company has identified revenue recognition as a key audit matter due to inherent risks of management manipulating revenue to meet specific targets[164] - The company's management is responsible for estimating the recoverability of accounts receivable, with provisions for bad debts being a significant area of focus[168] - The company must ensure that financial statements are prepared in accordance with accounting standards to fairly reflect the financial position[185] Changes in Control and Ownership - The actual controller of the company changed to the Guangzhou Economic and Technological Development Zone Management Committee on June 6, 2022[140] - The new controlling shareholder is Guangzhou Kaide Investment Holding Co., Ltd., effective June 6, 2022[156] - The largest shareholder, Guangzhou Kaide Investment Holdings Co., Ltd., holds 26.93% of the shares, totaling 251,779,903 shares[136] Other Notable Information - The company has not engaged in any related party transactions during the reporting period[82] - There were no discrepancies in net profit and net assets between international accounting standards and Chinese accounting standards during the reporting period[69] - The company has not faced any delisting risks following the disclosure of the annual report[81]