JIANGSU SAINTY(600287)2023-04-28 16:00Financial Performance - In 2022, Jiangsu Sainty achieved a total profit of CNY 16,113,653.78 and a net profit of CNY 24,384,847.24[6] - The company's operating revenue for 2022 was CNY 4,095,570,085.66, representing a 5.66% increase from CNY 3,876,151,729.75 in 2021[22] - The net profit attributable to shareholders was CNY 60,016,798.00, a significant recovery from a loss of CNY 610,446,996.07 in 2021[22] - The basic earnings per share for 2022 was CNY 0.1374, compared to a loss of CNY 1.3976 per share in 2021[23] - The net cash flow from operating activities was CNY 64,642,123.94, a recovery from a negative cash flow of CNY 933,461,530.86 in 2021[22] - The total assets at the end of 2022 were CNY 3,854,381,166.12, down 5.12% from CNY 4,062,462,735.01 in 2021[22] - The company's net assets attributable to shareholders decreased by 2.80% to CNY 1,721,037,096.72 at the end of 2022[22] - The weighted average return on equity increased to 3.44% in 2022, up 31.16 percentage points from -27.72% in 2021[23] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.90 per share, totaling CNY 39,683,136.87, based on a total share capital of 440,923,743 shares[6] - The cash dividend amount (including tax) is 39,683,136.87 RMB, which accounts for 66.12% of the net profit attributable to ordinary shareholders in the consolidated financial statements[145] - The company has not proposed a cash profit distribution plan despite having positive distributable profits for shareholders[143] Operational Highlights - The company focused on enhancing its export business, optimizing customer structure, and increasing market penetration in 2022[35] - The company completed multiple government aid projects in 2022, contributing to significant growth in its nuclear power steel and foreign aid business[37] - The company registered new brands "Shunxian" and "Shunxian Baobei" to promote high-quality seafood products through an online and offline integrated business model[38] - The company reported a total of 15.40 million RMB in government subsidies related to its normal business operations in 2022[26] - The company achieved a revenue of 4.096 billion RMB in 2022, an increase of 5.66% compared to the previous year[59] Market and Economic Context - The company's total export value exceeded 4 trillion RMB for the first time, maintaining stable growth despite a high base in 2021[46] - In 2022, China's total goods trade import and export value reached 359.36 billion (up 7.0%) and imports at 323.35 billion in 2022, with textile exports at 175.40 billion (up 3%)[46] - The company's domestic GDP reached 121.02 trillion RMB in 2022, showing a year-on-year increase of 3.0%[47] - The total retail sales of consumer goods in China amounted to 43.97 trillion RMB in 2022, a decrease of 0.2% compared to the previous year[47] Risk Management and Compliance - The company has indicated potential risks in its future plans and strategies, urging investors to be cautious[8] - The company is committed to optimizing its risk control system and improving the value creation capability of its functional management[44] - The company emphasizes risk management to balance development and control, aiming for a comprehensive risk management system[88] - The company has established a comprehensive corporate governance structure, ensuring clear responsibilities and effective checks and balances among its board, supervisory board, and management[111] - The company has implemented a multi-layered risk control model focused on customer-centric risk assessment and early warning mechanisms[111] Talent and Management - The company aims to strengthen its talent development and management to address the gap in high-quality business management talent[44] - The company has a robust talent pool, focusing on performance-driven team building to enhance operational efficiency[54] - The company emphasizes talent development, focusing on attracting and nurturing young talent to support sustainable growth[95] - The company has a training plan focusing on enhancing the capabilities of key personnel through various training methods, including a new apprenticeship system[138] Corporate Governance - The company has maintained a stable governance structure, ensuring compliance with relevant laws and regulations without significant discrepancies[112] - The company’s management team includes experienced individuals, with the chairman and general manager holding significant shares, indicating alignment with shareholder interests[114] - The total remuneration for all directors, supervisors, and senior management personnel amounted to 2.7554 million yuan in 2022[122] - The company has implemented a salary system that includes basic and performance-based components for its executives[121] Future Outlook and Strategy - The company plans to focus on expanding its core trading business while diversifying its product offerings and enhancing operational professionalism[90] - The company anticipates a recovery in the domestic consumption market, supported by government policies aimed at boosting consumption[87] - The company aims to maintain strong relationships with core strategic customers to enhance business quality and competitiveness[105] - The company plans to accelerate its transformation and upgrade efforts in response to rising costs of production materials, labor, and logistics, with a focus on increasing design and R&D investments[106] Social Responsibility and Community Engagement - The company invested a total of 4.59 million RMB in charitable donations and public welfare projects during the reporting period[159] - The company conducted various consumption assistance projects totaling 9.28 million RMB to support poverty alleviation and rural revitalization efforts[160] Legal and Regulatory Matters - The company is currently under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws, with the investigation ongoing as of the audit report date[179] - There are significant ongoing lawsuits involving the company, including claims for payment of overdue amounts and penalties from various parties, with several cases currently suspended pending criminal investigations[176][177] Shareholder Information - The total number of ordinary shareholders increased from 23,901 to 24,676 during the reporting period[196] - The largest shareholder, Jiangsu Shuntian International Group Co., Ltd., holds 223,482,955 shares, accounting for 50.42% of total shares[198]