Cynda(603086)2023-04-25 16:00Financial Performance - The company's operating revenue for 2022 reached CNY 3,125,923,462.62, representing a 41.92% increase compared to CNY 2,202,538,106.69 in 2021[19] - The net profit attributable to shareholders of the listed company was CNY 381,199,039.53, a significant increase of 114.90% from CNY 177,380,335.82 in the previous year[19] - The net profit after deducting non-recurring gains and losses was CNY 420,217,141.57, up 178.94% from CNY 150,648,746.13 in 2021[19] - The net cash flow from operating activities was CNY 364,450,131.02, an increase of 62.62% compared to CNY 224,108,606.00 in 2021[19] - As of the end of 2022, the net assets attributable to shareholders of the listed company were CNY 2,176,337,674.88, an 18.42% increase from CNY 1,837,878,062.69 at the end of 2021[19] - Total assets at the end of 2022 amounted to CNY 3,352,809,660.06, reflecting a 23.03% increase from CNY 2,725,106,027.36 in 2021[19] - Basic earnings per share rose to 1.23 yuan, up 115.79% from 0.57 yuan in 2021[20] - The weighted average return on equity increased to 18.63%, up 8.58 percentage points from 10.05% in 2021[20] - The cash dividend payout ratio for the year was 20.37%[4] - The company declared a cash dividend of CNY 55,471,500, which accounts for 31.27% of the net profit attributable to ordinary shareholders in the consolidated financial statements[156] Dividend Policy - The company plans to distribute a cash dividend of CNY 2.50 per 10 shares (including tax) and to increase capital by 4 shares for every 10 shares held[4] - The company has a clear and defined dividend policy that complies with the company's articles of association and shareholder resolutions[154] - The company emphasizes a stable cash dividend policy, aiming to distribute at least 10% of the net profit attributable to shareholders in cash annually[153] - The company plans to conduct cash dividends after the annual general meeting, with a goal of maintaining a cumulative distribution of at least 30% of the average distributable profit over three consecutive years[153] Research and Development - The company focuses on the research and development of high-end herbicides and has established a strong R&D team[38] - The company is committed to innovation and has established an innovation research institute to develop new compounds and technologies[38] - Research and development expenses rose to CNY 144,288,423.00, marking a 47.14% increase year-on-year[44] - The total R&D investment reached ¥161,433,327.51, accounting for 5.16% of total revenue[54] - The company is committed to increasing R&D investment to accelerate the development of differentiated herbicides tailored to the Chinese market[113] Market Expansion and Strategy - The company is actively pursuing market expansion and technological innovation to ensure sustainable growth[27] - The company is currently constructing a project with a production capacity of 1,000 tons of imidazolinone and 3,000 tons of pesticide intermediates, which will significantly enhance production capabilities[28] - The company is focusing on high-quality development and innovation-driven strategies to inject new momentum into future growth[29] - The company plans to enhance its domestic market development and reduce reliance on foreign markets, focusing on innovative products and technology-driven growth[111] Environmental Management - The company has implemented various pollution control facilities, including RTO regenerative thermal oxidizers and advanced wastewater treatment systems, which are operating normally[176] - The company has maintained effective pollution control measures, with wastewater discharge meeting standards and no environmental pollution incidents reported during the reporting period[166] - The total COD discharge was 4.03 tons, with a concentration of 91.2 mg/L, which did not exceed the permitted limits[167] - The company has received environmental impact assessment approvals for several projects, including a 1500 tons pesticide raw material project and a 3500 tons pesticide intermediate project[179] Corporate Governance - The company strictly adheres to the Company Law and Securities Law, ensuring compliance in governance and operations[129] - The board of directors and supervisory board operate in compliance with legal and regulatory requirements, ensuring effective governance[130] - The company has implemented strict information disclosure practices, ensuring that all shareholders receive fair and timely information[130] - The independent directors have fulfilled their responsibilities and played their due role in the decision-making process[154] Risk Management - The company has not identified any significant risks that could materially affect its operations during the reporting period[6] - The company is facing market competition risks due to increased supply and a downward trend in industry prices, which may impact performance[121] - The company will implement foreign exchange risk management strategies, including forward contracts, to minimize the impact of currency fluctuations on profitability[124] Employee Management - The total number of employees in the parent company and major subsidiaries is 1,899, with 386 in the parent company and 1,513 in subsidiaries[148] - The company has a structured compensation policy that links remuneration to performance, with a focus on market-oriented salary levels[149] - The company has established a training plan that combines online and offline methods to enhance employee skills and align with company development needs[151] Compliance and Auditing - The company has engaged Da Hua Accounting Firm for auditing services, with a remuneration of 550,000 RMB, and has maintained this auditor for 9 years[195] - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[192] - The company has not reported any significant accounting errors that would require correction during the reporting period[193]