Financial Performance - The company's operating revenue for 2022 was ¥2,562,678,818.73, representing a 21.07% increase compared to ¥2,116,653,832.80 in 2021[24]. - The net profit attributable to shareholders for 2022 was ¥379,422,107.88, a decrease of 23.63% from ¥496,834,397.21 in 2021[24]. - The basic earnings per share for 2022 was ¥0.87, down 34.09% from ¥1.32 in 2021[25]. - The total assets at the end of 2022 were ¥2,545,699,288.83, an increase of 22.06% from ¥2,085,579,706.04 at the end of 2021[24]. - The cash flow from operating activities for 2022 was ¥526,905,032.92, a significant increase of 306.68% compared to ¥129,562,147.29 in 2021[24]. - The company reported a weighted average return on equity of 23.30% for 2022, down from 48.29% in 2021, a decrease of 24.99 percentage points[25]. - The company achieved total operating revenue of CNY 2.563 billion in 2022, representing a year-on-year increase of 21.07%[45]. - Operating costs rose to CNY 1.953 billion, an increase of 34.91% compared to the previous year, primarily due to increased sales volume and rising prices of bulk materials and energy[49]. - Net profit attributable to shareholders was CNY 379 million, a decrease of 23.63% year-on-year, with earnings per share dropping by 34.09% to CNY 0.87[45]. Dividend Distribution - The company plans to distribute a cash dividend of 4.32 RMB per 10 shares, totaling 187,833,600 RMB (including tax) to shareholders[5]. - The total cash dividend amount for the reporting period was CNY 187,833,600.00, which represents 49.51% of the net profit attributable to ordinary shareholders[159]. - The company has established a cash dividend policy that considers factors such as development strategy, competitive environment, and shareholder returns[155]. - The company's board of directors confirmed that the cash dividend policy aligns with the company’s articles of association and shareholder resolutions[157]. Risk Management - The company has detailed potential risks in the report, urging investors to be cautious[7]. - The report includes a forward-looking statement risk declaration, indicating uncertainties in future plans and strategies[6]. - The company recognizes risks related to macroeconomic fluctuations that could impact its business performance, particularly in sectors like agriculture and energy[110]. - The company faces potential risks from price volatility of key raw materials, which could adversely affect its operating performance if not managed properly[111]. - The company is facing potential risks related to environmental compliance, including possible accidents due to equipment failure or pollutant leakage[112]. - The company has established a robust internal control system and has conducted regular evaluations of key business processes during the reporting period[116]. Corporate Governance - The company received a standard unqualified audit report from Tianjian Accounting Firm[4]. - The company emphasizes the accuracy and completeness of the annual report, with all board members present at the meeting[8]. - The company has strengthened its governance and compliance measures, ensuring effective oversight and accountability in key areas[37]. - The company organized 3 shareholder meetings, 7 board meetings, and 4 supervisory meetings, ensuring compliance with legal procedures and protecting shareholder rights[114]. - The company has established independent financial accounting and management systems, ensuring no shared bank accounts with controlling shareholders[118]. Research and Development - Research and development expenses increased by 87.94% to CNY 39.72 million, reflecting the company's commitment to enhancing innovation capabilities[47]. - The company has a total of 71 R&D personnel, making up 13.71% of the total workforce, indicating a strong emphasis on innovation[69]. - The company has established a provincial postdoctoral workstation to enhance its R&D capabilities since May 2020[85]. - The company has developed two invention patents related to environmentally friendly plasticizers from glycerol and chlorinated wax[85]. Environmental Compliance - The company adheres to the pollution discharge standards set by the environmental protection department, with no exceedances reported[165]. - The company has implemented an online monitoring facility for wastewater since June 2005, which monitors pH and COD levels[170]. - The company has established an environmental management system certified to GB/T 24001-2016/ISO 14001:2015[175]. - The company has invested in environmental pollution liability insurance for the period from August 2022 to July 2023[175]. Strategic Initiatives - The company aims to create a world-class chemical new materials enterprise and enhance its corporate culture through various initiatives[37]. - The company is focused on expanding its market presence and enhancing its product offerings through strategic management[132]. - The company plans to strengthen its digitalization and smart manufacturing capabilities, aiming for high-quality development in line with the "Made in China 2025" initiative[106]. - The company aims to enhance self-innovation and improve the comprehensive utilization of products, focusing on high-value-added products and reducing energy consumption in caustic soda and PVC production[105]. Market Conditions - The domestic caustic soda market experienced high volatility in 2022, influenced by rising electricity and raw salt prices, as well as new production capacities in downstream industries[81]. - The average price of 32% liquid caustic soda increased by 19.4% from the beginning of the year, reaching 1,344 RMB/ton by the end of December[38]. - The company is focusing on the development of new products and technologies, particularly in the electric vehicle battery production sector, which is driving demand for caustic soda[39]. Management Changes - The company experienced changes in management, with several key personnel resigning due to term expirations or work adjustments[137]. - The company appointed a new general manager, Shen Shuguang, following the completion of the previous term[138]. - The company has a diverse management team with extensive experience in various sectors, including finance and engineering[132]. Shareholder Relations - The company has actively improved investor relations and information transparency through various communication channels[116]. - The company will disclose the performance of its commitments and any remedial actions taken in future reports, maintaining transparency with shareholders[196]. - The company commits to protecting investor interests and minimizing losses in case of unforeseen circumstances, with plans to present solutions at shareholder meetings[196].