I. Overview of Business in 2022

During the reporting period, the company achieved operating income of 0.652 billion billion yuan, a year-on-year decrease of 9.23; realized total profit of -0.305 billion billion yuan, a year-on-year decrease of 17.76; realized net profit attributable to shareholders of listed companies -0.255 billion billion yuan, a year-on-year decrease of 14.89.

II. Key financial data and indicators for the reporting period
1. Key financial data and indicators

(Unit: Yuan)

Project	2022	2021	Year-on-year increase or decrease
Operating income	652,205,492.85	718,536,068.30	-9.23%
Operating profit	-303,492,625.97	-251,732,880.21	-20.56%
Total profit	-305,551,165.17	-259,479,620.14	-17.76%
Net profit attributable to shareholders of the listed company	-255,152,845.80	-222,076,878.69	-14.89%
Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses	-278,755,487.67 -	-220,085,043.62	-26.66%

 

Unit: Yuan

Project	2022	End of 2021	Year-on-year increase or decrease
Total assets	7,642,909,046.43	7,935,551,302.06	-3.69%
Total liabilities	2,409,928,640.25	2,406,170,416.43	0.16%
Owners' equity attributable to shareholders of listed companies	5,213,795,950.14	5,501,586,809.01	-5.23%
Share capital (shares)	2,538,720,737.00	2,538,720,737.00	0.00%

The company achieved operating income of 0.652 billion billion yuan in 2022, a decrease of 9.23 percent from the same period last year; the net profit attributable to shareholders of listed companies was -0.255 billion yuan, a decrease of 14.89 percent from the same period last year.

2. Main financial indicators

(Unit: Yuan)

Project	By the end of 2022	End of 2021	Year-on-year increase or decrease
Basic earnings per share (RMB/share)	-0.1031	-0.0898	-14.81%
Diluted earnings per share (RMB/share)	-0.1031	-0.0898	-14.81%
Weighted average return on net assets	-4.75%	-3.94%	-0.81%
Weighted average return on net assets after deducting non-recurring gains and losses	-5.19%	-3.90%	-1.29%
Net cash flow from operating activities per share (RMB/share)	0.17	-0.11	254.55%
Net assets per share attributable to shareholders of listed companies (RMB/share)	2.06	2.17	-5.07%
Asset-liability ratio	31.53%	30.32%	1.21%

In 2022, the company's basic earnings per share was -0.1031, down 14.81 percent from the same period last year, and the weighted average return on net assets was -4.75 percent, down 0.81 percent from the same period last year.

III. Changes in shareholders' equity during the reporting period and description

(Unit: Yuan)

Project	Opening Amount	Increase in the current period	Decrease in current period	Ending Number
Share capital	2,538,720,737.00			2,538,720,737.00
Treasury Stock	239,646,925.06			239,646,925.06
Capital reserve	3,986,381,668.33			3,986,381,668.33
Surplus reserves	125,633,905.67			125,633,905.67
Undistributed profit	-909,223,211.44		255,152,845.80	-1,164,376,057.24
Other comprehensive income	-279,365.49		32,638,013.07	-32,917,378.56
Minority Interest	27,794,076.62		8,609,620.58	19,184,456.04
Shareholders' equity	5,529,380,885.63		296,400,479.45	5,232,980,406.18

The net profit attributable to shareholders of the listed company in 2022 was -0.255 billion yuan, and the undistributed profit at the end of the period decreased from the beginning of the period. Changes in other comprehensive income are primarily due to changes in the fair value of investments in other equity instruments.

IV. Financial position and operating results of the Company during the reporting period

As of the end of 2022, the Company's total assets were $7.642 billion, total liabilities were $2.409 billion, and shareholders' equity was $5.233 billion. Among them: current assets 2.673 billion yuan, non-current assets 4.969 billion yuan, current liabilities 2.125 billion yuan, non-current liabilities 0.283 billion yuan. The asset-liability ratio is 31.53 per cent.

By the end of 2022, the company's share capital was 2.539 billion yuan, capital reserve was 3.986 billion yuan, surplus reserve was 0.125 billion yuan, and undistributed profit was -1.164 billion yuan.

For the whole year, the operating income was 0.652 billion yuan, the operating profit was -0.303 billion yuan, the total profit was -0.305 billion yuan, the net profit was -0.263 billion yuan, and the net profit attributable to the owner of the parent company was -0.255 billion yuan.

V. Analysis of the Company's financial position and operations

(1) Overall operation

During the reporting period, the company focused on air cooling equipment, waste heat power generation, electricity sales, solar thermal power generation and heating revenue business to carry out business activities.

(Unit: Yuan)

Project	2022	2021	Year-on-year increase or decrease
Operating income	652,205,492.85	718,536,068.30	-9.23%
Operating costs	520,505,112.22	518,917,941.08	0.31%
Selling expenses	32,923,414.05	18,353,940.38	79.38%
Management expenses	158,869,936.16	167,708,558.86	-5.27%
Financial expenses	115,139,854.54	115,606,091.72	-0.40%
R & D expenses	28,012,576.77	25,212,080.45	11.11%

In 2022, the company achieved operating income of 0.652 billion yuan, down 9.23 percent from the same period last year; operating costs of 0.52 billion yuan, up 0.31 percent from the same period last year; and net profit attributable to shareholders of listed companies was -0.255 billion yuan, down 14.89 percent from the same period last year.

The increase in selling expenses was mainly due to an increase in selling intermediary expenses during the reporting period compared to the same period last year.

(2) Overall financial position

At the end of the reporting period, the company was 7.642 billion yuan, with total liabilities of 2.409 billion yuan, asset-liability ratio of 31.53, and good financial position. The owner's equity attributable to shareholders of listed companies was 5.213 billion yuan, down 5.23 from the beginning of the year.

(3) Cash flow

Project	2022	2022	Year-on-year increase or decrease
Net cash flows from operating activities	444,007,571.52	-289,607,154.68	253.31%
Net cash flows from investing activities	-130,208,151.20	-127,691,232.87	-1.97%
Net cash flows from financing activities	-97,048,743.09	-360,337,286.13	73.07%

Net cash flow from operating activities increased by 253.31 over the same period, mainly due to an increase in sales receipts and an increase in VAT refunds. Net cash flows from financing activities increased by 73.07 per cent over the same period, mainly due to an increase in borrowings during the reporting period.

 

Shouhang High-Tech New Energy Technology Co., Ltd.

28 April 2023