SHRC(600392)2023-04-28 16:00Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares to all shareholders, totaling a cash distribution of approximately RMB 1 billion[10]. Legal Matters - The company is involved in significant litigation, including a civil lawsuit regarding the delivery of 43.2768 tons of praseodymium-neodymium oxide valued at RMB 26.83 million, with a court ruling in favor of the company[19]. - Another lawsuit involves a claim for 37.06 tons of praseodymium-neodymium oxide valued at RMB 22.98 million, with a favorable court ruling resulting in a compensation of RMB 9.40 million plus penalties[19]. - The company has reported a total of RMB 40.64 million in receivables from a customer, with a court ruling mandating repayment and penalties[20]. - Ganzhou Morning Light Rare Earth Materials Co., Ltd. has filed a lawsuit against Mian County Feitian Industry Co., Ltd. for the return of 60.133 tons of praseodymium and neodymium oxide, amounting to RMB 53.7288 million, plus overdue penalties of RMB 3.58 million[158]. - The first-instance judgment ordered Mian County Feitian Industry Co., Ltd. to pay RMB 54.243 million and a penalty of RMB 2.3868 million, but the defendant has appealed the decision[158]. Environmental Compliance - The company has established a secondary wastewater treatment facility to ensure compliance with environmental standards, with a total pollutant discharge limit of COD 8.76 tons and ammonia nitrogen 0.05 tons[29]. - The company has implemented noise reduction measures to meet the industrial noise emission standards, ensuring compliance with GB12348-2008[34]. - The company has not reported any environmental pollution incidents or received any administrative penalties related to environmental protection during the tailings disposal process[56]. - The company is not required to obtain a pollution discharge permit but must conduct quarterly environmental monitoring reports[61]. - The company has made progress in its environmental impact assessments for various projects, including a zircon-titanium ore processing project with an annual capacity of 500,000 tons[42]. - The company has established a tailings storage facility with a capacity of 2.3 million cubic meters for the disposal of tailings wastewater[56]. - The company has implemented carbon reduction measures, reducing carbon dioxide equivalent emissions by 75,400 tons[76]. - The company purchased 22,403 green power certificates, involving 22.403 million kilowatt-hours of green electricity, which helped offset approximately 148,100 tons of carbon dioxide[76]. - The company has established an emergency response plan for sudden environmental incidents, which has been filed with the local ecological environment bureau[65]. - The company conducts regular environmental monitoring, including monthly checks on production and domestic wastewater emissions[68]. - The company has installed online monitoring devices for wastewater and exhaust emissions, ensuring compliance with environmental standards[85]. - The company’s environmental monitoring results show that all pollutant emissions meet the discharge standards[86]. - The company has committed to transparency by publishing environmental monitoring reports on its website[87]. - The company has maintained compliance with national environmental protection laws, ensuring that emissions of wastewater, waste gas, and hazardous waste meet national standards, with no violations reported during the reporting period[6]. - The company has established an environmental supervisor management system to enhance employee awareness of environmental protection[6]. Financial Integrity and Compliance - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties, ensuring financial integrity[6]. - The company has not violated decision-making procedures for external guarantees, maintaining compliance with regulations[12]. - The company has not reported any significant changes in the integrity status of its controlling shareholders or actual controllers during the reporting period[23]. - The company has confirmed that there are no significant risks related to the decision-making process for the annual report, ensuring transparency and accountability[11]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[104]. - The company has not made any changes to accounting policies or estimates that would impact financial reporting during the reporting period[104]. - The company has not faced any delisting risks or warnings during the reporting period[107]. - The company has not engaged in any leasing, contracting, or custodial matters during the reporting period[110]. - The total guarantee amount (including guarantees to subsidiaries) is CNY 2,107,600,000, accounting for 21.04% of the company's net assets[113]. - The total guarantee amount to subsidiaries during the reporting period is CNY 1,418,000,000, with a year-end balance of CNY 2,107,600,000[113]. - The company reported no overdue guarantees or significant accounting errors during the reporting period[126]. Related Party Transactions - The company reported a significant increase in related party transactions, with purchases from Sichuan Hedi Mining Development Co., Ltd. totaling RMB 611.36 million in the current year, up from RMB 183.59 million in the previous year[60]. - Purchases from Guangxi Yuxiao Xijun Rare Earth Functional Materials Co., Ltd. increased to RMB 596.84 million from RMB 121.95 million year-on-year[60]. - The company has reported a significant increase in related party transactions with Hunan Zhongke Jinyuan New Materials Co., Ltd., with purchases rising to RMB 386.14 million from RMB 32.10 million year-on-year[60]. - The company engaged in related party transactions totaling CNY 33,857,827.82, with the largest transaction being the purchase of goods from Hunan Guda New Materials Technology Co., Ltd. for CNY 15,581,827.76[135]. - The company has committed to avoiding and minimizing related party transactions post-restructuring, ensuring fair and lawful agreements[122]. Shareholder Information - The total number of unrestricted circulating shares is 1,752,826,570, a decrease of 2,340,497 shares from the previous total of 1,755,167,067[197]. - The total number of ordinary shareholders at the end of the reporting period is 163,635, down from 169,333 at the end of the previous month[198]. - The largest shareholder, China Geological Survey Institute, holds 246,382,218 shares, representing 14.06% of total shares[200]. - The second-largest shareholder, Wang Quangen, holds 117,289,498 shares, accounting for 6.69% of total shares[200]. - The company has a total of 1,755,167,067 shares before any changes, with no new shares issued or stock dividends declared[197]. - The top ten shareholders collectively hold a significant portion of the shares, with the largest five holding over 30% combined[200]. - There are no shares with limited sale conditions among the top shareholders[200]. - The company has not issued any new shares or conducted any stock splits during the reporting period[197]. - The total number of shares after the changes remains at 1,752,826,570, maintaining the same percentage distribution[197]. - The company has not reported any significant changes in shareholder status or pledges during the reporting period[200]. Investment Activities - The company plans to invest RMB 81.6 million to acquire a 10% stake in a joint venture for high-performance NdFeB permanent magnet materials[39]. - The company has completed the establishment of a joint venture named Juxing New Materials Co., Ltd. in Mianyang, Sichuan Province[39]. - The company has completed its capital contribution to the joint venture as per the agreement[39]. - The total cash inflow from investment activities for 2022 was CNY 691,627,750.67, down from CNY 1,678,399,670.71 in 2021[140]. - The company received CNY 337,488,427.67 in cash from investment income during 2022, compared to CNY 76,022,389.49 in 2021[140]. - The company reported a cash inflow of CNY 20,339,392.00 from the recovery of investments in 2022, down from CNY 39,619,854.50 in 2021[140]. - The company’s total cash inflow from other investment activities was CNY 333,799,931.00 in 2022, significantly lower than CNY 1,562,756,826.72 in 2021[140]. Production Capacity - The company has an annual production capacity of 200 tons of rare earth phosphors and 1,800 tons of yttrium-based ceramic glazes[63]. - The company is undergoing a technical transformation project with an annual production capacity of 8,000 tons of rare earth metals and 2,000 tons of Nd-Fe-B alloy[63]. - The company is currently constructing a rare earth green smelting research and development center[63].