董事会主席声明 — Kinnevik 2022年年度与可持续发展报告
董事长声明
STATEMENT BY THE CHAIRMAN OF THE BOARD
对于 Kinnevik 的股东来说，这是艰难的一年。我们深深感谢你们一如既往的支持，也欢迎新股东加入。我还想感谢全体 Kinnevik 团队，在严峻的全球和金融环境下，他们付出了坚定而周密的努力。董事会对他们为 Kinnevik 未来所做的工作充满信心。我们遭遇了不少挫折，但董事会相信，Kinnevik 也做出了许多有益于公司及其所有内外部利益相关者的决策，并且当金融市场不再如此轻视长期盈利增长所蕴含的持久价值时，这些决策将被证明是高度盈利的。
It has been a difficult year for Kinnevik’s shareholders. We are intensely grateful for your continuing support and we welcome new owners. I would also like to thank the full Kinnevik team for their determined and thoughtful work in the demanding global and financial circumstances. The Board have confidence in their endeavours for the future of Kinnevik. We have had our fair share of setbacks, but the Board believes that Kinnevik has also taken many decisions that will benefit the company, all its stakeholders internal and external, and that will prove highly profitable as and when financial markets become less dismissive of the enduring value of long-term and profitable growth.
具体细节交由首席执行官阐述更为合适。但我强调一点，总体而言，我们的投资组合表现出对经济环境的显著韧性，并展现了令人瞩目的基础增长。我们旗下许多公司在过去十二个月中销售额至少翻了一番，并且没有证据表明其单位经济状况出现恶化。这一点届时也将再次变得重要。非公开市场投资回报的规律表明，最终决定回报的，是少数重大成功的存在，而非失败项目的缺失。
It is appropriate to leave the granular detail to the CEO. But I would stress that in aggregate our portfolio is showing significant resilience to economic conditions and is demonstrating impressive underlying growth. Many of our companies have at least doubled their sales in the last twelve months and there is no evidence of erosion in their unit economics. This too will matter again. The pattern of investment returns in unquoted markets shows that it is the presence of a few major successes not the absence of losers that ultimately determines returns.
我们的资产负债表状况稳健。我们拥有净现金和流动性资产。因此，我们在 2023 年及以后可以继续配置资本，尤其是支持我们投资组合中的公司。这是显著优势。不过，我们将在区分哪些公司值得长期支持、哪些公司（无论多么令人遗憾）可能因其经济可持续性受到质疑方面，愈发坚定立场。
Our balance sheet is in a solid state. We enjoy net cash and have liquid assets. We can therefore continue to deploy capital and especially to support the companies in our portfolio in 2023 and beyond. This is a significant advantage. We will, though, be increasingly firm in our efforts to distinguish between those companies that deserve enduring support and those that, however sadly, may suffer from questions over their economic sustainability.
在过去十二个月中，我们的投资组合发生了至关重要的结构性演变。我们已成为有助于应对气候变化技术的直接投资者。我们的投资团队和董事会如今在这一领域积累了深厚专长，并能够接触到关键公司。我们为自己的进展感到自豪，并相信我们不仅能在斯堪的纳维亚，还能在全球范围内，为推动这一领域的进步发挥重要作用。
There has been a vital structural evolution in our portfolio in the last twelve months. We have become direct investors in technologies that help fight climate change. Our investing team and our Board now have significant expertise and access to crucial companies in this area. We are proud of our progress and believe that we can play a major role in encouraging progress in this field not only in Scandinavia but also across the world.
Kinnevik 理所当然地以其对良好治理和道德规范的贡献为荣。对我们而言，这关乎我们能够对未来可持续性——尤其是包容性——产生的实际影响。我们不会被空话和教条口号所裹挟，而是专注于帮助和鼓励那些肩负重要使命的公司。自从加入 Kinnevik，我既钦佩同事们锻造的治理理念，也欣赏我们与被投公司之间非常务实且定期的互动。看到这一点得到外部评判者的认可，令人欣慰——在隆德大学可持续发展排名中，我们是表现最佳的瑞典公司之一，也是唯一一家在 Honordex 包容性指数中获得最高类别的公司。
Kinnevik - rightly - prides itself on its contribution to good governance and ethics. For us, this is about the actual impact that we can have on future sustainability but also inclusion in particular. We cannot be sucked into words and dogmatic mantras, rather concentrating on helping and encouraging companies with vital missions. Since joining Kinnevik I have come to admire both the governance philosophy that my colleagues have forged and the very practical and regular involvement that we have with our investee companies. It is pleasing to see this recognised by external judges - we were one of the top performing Swedish companies in the Lund University sustainability ranking and the only firm to attain the top category in the Honordex Inclusive Index.
最后，我想回到最初的主题。2022 年对你们和我们而言都是非常艰难的时期。但我们坚信，Kinnevik 的基本面远比市场当前认为的要强大得多。我们打算在 2023 年及以后证明这一点。
I will finish by returning to my initial theme. 2022 has been a very tough time for you and for us. But we are convinced that Kinnevik is fundamentally much stronger than the market currently believes. We intend to prove this in 2023 and beyond.
詹姆斯·安德森
Kinnevik 董事长
James Anderson Chairman of Kinnevik