ZHmag(300224)2023-03-27 16:00Financial Performance - The company's operating revenue for 2022 reached ¥6,222,551,128.43, a significant increase of 88.0% compared to ¥3,301,519,785.95 in 2021[105]. - Operating profit for 2022 was ¥506,810,637.22, up 45.5% from ¥348,283,159.39 in the previous year[106]. - Net profit for 2022 amounted to ¥474,020,485.63, representing a 55.3% increase from ¥305,376,457.04 in 2021[106]. - The total profit for 2022 was ¥504,938,324.82, up 50.0% from ¥336,585,788.04 in the previous year[106]. - The net profit after deducting non-recurring gains and losses for the reporting period was RMB 38,574.82 million, an increase of 50.68% compared to RMB 25,600.60 million in the same period last year[85]. - The company reported a net increase in owner's contributions of 57,903,562.06 yuan during the period[142]. - The total comprehensive income for the year amounted to 404,222,705.32, compared to 266,513,022.37 in the previous year, indicating an increase of about 51.7%[139]. Research and Development - R&D expenses rose by 74.12% to ¥311,340,171.53 in 2022, reflecting increased investment in R&D[2]. - The total R&D investment reached ¥327,966,496.13 in 2022, accounting for 5.19% of operating revenue[5]. - The number of R&D personnel increased by 31.27% to 361 in 2022 compared to 275 in 2021[5]. - Research and development expenses rose to ¥252,205,513.67 in 2022, up 93.6% from ¥130,213,992.65 in 2021, indicating a strong focus on innovation[105]. - The company aims to develop low-cost production processes for high-performance NdFeB magnets for new energy vehicles[3]. - The company plans to enhance its market competitiveness through the development of new technologies and products, including high-efficiency controllers[3]. - The company plans to continue investing in R&D and market expansion strategies to sustain growth and enhance competitive advantage in the industry[137]. Cash Flow and Liquidity - Operating cash inflow increased by 63.96% to ¥5,720,723,198.57 in 2022 from ¥3,489,198,514.55 in 2021[6]. - Net cash flow from operating activities decreased by 35.04% to ¥231,514,844.18 in 2022[6]. - The company reported a net cash increase of ¥512,678,748.66 for the year, compared to ¥201,193,581.15 in 2021, reflecting improved cash flow management[109]. - The cash flow from financing activities showed a net inflow of ¥773,711,383.57 in 2022, a turnaround from a net outflow of -¥260,190,355.22 in 2021[109]. - The cash inflow from financing activities totaled CNY 2,431,196,225.55 in 2022, a substantial increase from CNY 161,823,378.95 in 2021[163]. - The company received CNY 1,736,294,347.29 in borrowings in 2022, a significant rise from CNY 31,558,619.83 in 2021[163]. - The company reported a cash inflow of CNY 8,920,773.13 from investment income in 2022, down from CNY 23,989,123.12 in 2021[162]. Assets and Liabilities - Total assets increased to ¥8,879,525,208.49, up from ¥5,104,518,407.64, representing a growth of approximately 73.5%[100]. - The company's asset-liability ratio increased to 58.65%, up by 14.12% from 44.53% at the end of the previous year[85]. - Total liabilities reached ¥5,207,984,137.11, up from ¥2,273,233,195.49, indicating a growth of around 128.5%[101]. - Owner's equity increased to ¥3,671,541,071.38 from ¥2,831,285,212.15, representing a growth of approximately 29.7%[101]. - Current liabilities rose to ¥4,002,299,803.14 from ¥2,146,891,753.05, an increase of approximately 86.3%[100]. - The company's total equity at the end of the year was CNY 2,884,251,980.49[175]. Financial Management - The company's financial expenses decreased significantly to -¥1,454,639.45 in 2022 from ¥16,567,601.81 in 2021, indicating better financial management[105]. - The interest coverage ratio improved to 45.2 times, an increase of 26.15% from 35.83 times in the previous year[85]. - The company's EBITDA interest coverage ratio was 56.18, up by 20.64% from 46.57 in the previous year[85]. - The company incurred financial expenses of -1,580,226.78, a notable decrease from 17,670,069.37 in the previous period, indicating improved financial management[132]. Investments - The company made a significant equity investment of ¥100,000,000.00 in Nantong Zhenghai Magnetic Materials Co., holding a 100% stake, with an investment loss of ¥14,009,200.50 reported[16]. - The company has engaged in entrusted wealth management with various banks, with a total amount of 5,000 million from CITIC Bank yielding a return of 60.57 million at a rate of 4.75%[38]. - The company also invested 15,000 million with Guangfa Bank, achieving a return of 55.48 million at a rate of 1.50%[38]. - The company has multiple investments with Huaxia Bank, including 10,000 million yielding 20.77 million at a rate of 2.17%[42]. - The company has not reported any expected inability to recover principal or other impairment risks related to entrusted wealth management[44]. Environmental and Social Responsibility - The company achieved a carbon neutrality milestone on January 1, 2022, resulting in a reduction of CO2 emissions by 336,548.3 kg, SO2 by 191.29 kg, and NOx by 175.01 kg[23]. - There were no significant legal disputes or administrative penalties related to environmental issues during the reporting period[29].