ZHONGJIN GOLD(600489)2023-04-26 16:00Financial Performance - The company's operating revenue for 2022 was CNY 57.15 billion, representing a 1.87% increase from CNY 56.10 billion in 2021[20]. - Net profit attributable to shareholders reached CNY 2.12 billion, a 24.70% increase compared to CNY 1.70 billion in 2021[20]. - The net cash flow from operating activities was CNY 5.68 billion, up 29.35% from CNY 4.39 billion in 2021[20]. - Basic earnings per share increased to CNY 0.44, reflecting a 24.80% rise from CNY 0.35 in 2021[21]. - The weighted average return on equity rose to 8.35%, an increase of 1.33 percentage points from 7.02% in 2021[21]. - The total assets at the end of 2022 were CNY 48.64 billion, a 2.12% increase from CNY 47.63 billion at the end of 2021[20]. - The net assets attributable to shareholders increased to CNY 25.87 billion, up 4.15% from CNY 24.84 billion in 2021[20]. - The company achieved a total profit of 3.048 billion yuan, an increase of 515 million yuan, representing a growth of 20.32% year-on-year[29]. - Net profit reached 2.501 billion yuan, up by 542 million yuan, with a growth rate of 27.69% compared to the previous year[29]. Dividend Distribution - The company plans to distribute a cash dividend of 2.81 yuan per 10 shares, totaling approximately 1.36 billion yuan, which represents 70% of the distributable profit for the year and 64.31% of the net profit attributable to shareholders[5]. - The company distributed cash dividends of 2.243 CNY per 10 shares, totaling 1,087,252,208.11 CNY, which accounts for 64.04% of the net profit attributable to shareholders[121]. - The total share capital as of December 31, 2022, is 4,847,312,564 shares, which serves as the basis for the dividend distribution[122]. - The company has a differentiated cash dividend policy based on its development stage, with a minimum cash dividend ratio of 80% for mature companies without major capital expenditures[120]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm, ensuring the accuracy and completeness of the financial report[4]. - The company’s financial report is backed by signatures from the responsible persons, ensuring its authenticity[10]. - The company has not faced any situations where more than half of the directors could not guarantee the authenticity and completeness of the annual report[7]. - The company’s internal control system was deemed reasonable and compliant, with no significant internal control defects identified[112]. - The company’s internal control audit report received a standard unqualified opinion from Tianjian Accounting Firm[130]. Research and Development - Research and development expenditure amounted to 660 million yuan, with 117 patents granted, including 14 invention patents[30]. - The company invested CNY 660 million in R&D during the reporting period, resulting in 11 provincial or higher-level technology awards and 117 authorized patents, including 14 invention patents[59]. - The number of R&D personnel is 1,565, accounting for 6.78% of the total workforce, with 136 holding master's degrees and 697 holding bachelor's degrees[57]. - Research and development expenses increased by 4.61% to 660.45 million RMB, reflecting the company's commitment to technological advancement[44]. Environmental Compliance - The company has invested ¥43,111.38 million in environmental protection during the reporting period[132]. - The company strictly complies with environmental regulations and achieves standard emissions for wastewater and waste gas[134]. - The company has implemented organized emissions management, with specific pollutant discharge standards met across various subsidiaries[135]. - The company has established a mechanism for environmental protection, ensuring compliance with local and national standards[134]. - The company has achieved internal recycling of wastewater, minimizing external discharge[135]. Strategic Focus and Future Outlook - The company aims to enhance its resource acquisition through market mergers and acquisitions, as well as exploration and integration of mining rights domestically[40]. - The company will focus on cost control and aims to reduce costs through comprehensive management strategies[80]. - The company plans to explore potential mergers and acquisitions to strengthen its market position[99]. - The company is committed to green development, ensuring all new mines meet green mining standards and upgrading existing operations[85]. - The company is actively pursuing partnerships to leverage synergies in the gold industry[99]. Governance and Management - The company has established a performance evaluation and incentive mechanism for senior management, aligning their interests with company performance[91]. - The company has been expanding its board with independent directors, enhancing governance and oversight[102]. - The company has a structured approach to executive compensation, linking it to performance evaluations conducted by the board's compensation committee[104]. - The company has appointed He Xiaoqing as the new General Manager in January 2022, replacing Zhao Zanguo who was dismissed due to job changes[105]. Market and Sales Performance - The total revenue for the year 2022 reached 528.51 million, reflecting a significant performance[98]. - The company reported a total revenue of 1.5 billion in 2022, representing a year-over-year increase of 10%[95]. - User data showed an increase in active users by 15% year-over-year, reaching 3 million active users by the end of 2022[96]. - The company provided guidance for 2023, expecting revenue growth of 12% to 1.68 billion[97]. Risk Management - The company has outlined potential industry and market risks in the "Management Discussion and Analysis" section of the report[8]. - The company will enhance risk management systems to prevent significant risks and ensure compliance in operations[81]. - The company is facing increased cost pressures due to national environmental policies and resource taxes, which may impact profitability[84].