SGC(603269)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 was CNY 1,354,187,574.03, representing a year-on-year increase of 19.85% compared to CNY 1,129,857,551.78 in 2021[23]. - The net profit attributable to shareholders for 2022 was CNY 73,752,320.40, which is a 39.33% increase from CNY 52,934,179.54 in 2021[23]. - The basic earnings per share for 2022 was CNY 0.66, reflecting a growth of 40.43% compared to CNY 0.47 in 2021[24]. - The weighted average return on equity increased to 8.10% in 2022, up by 2 percentage points from 6.10% in 2021[24]. - The total assets at the end of 2022 were CNY 2,642,046,365.52, an increase of 11.44% from CNY 2,370,737,403.93 at the end of 2021[23]. - The net assets attributable to shareholders at the end of 2022 were CNY 939,907,063.01, which is a 6.36% increase from CNY 883,714,719.71 at the end of 2021[23]. - The company achieved operating revenue of 1.354 billion RMB, an increase of 19.85% compared to the same period last year[36]. - Net profit attributable to shareholders reached 73.75 million RMB, up 39.33% year-on-year[36]. - The total orders on hand as of December 31, 2022, amounted to 2.531 billion RMB, representing a year-on-year growth of 12.86%[37]. Dividend and Share Capital - The company plans to distribute a cash dividend of 2.50 yuan (including tax) for every 10 shares, totaling approximately 28.13 million yuan, which represents 38.14% of the net profit attributable to shareholders[6]. - The company will increase its total share capital from 112,518,866 shares to 157,526,412 shares by converting 4 shares for every 10 shares from capital reserves[6]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[5]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not violated any decision-making procedures regarding external guarantees[8]. - The company has conducted thorough internal control and information disclosure practices to protect shareholder interests[103]. - The company has no significant internal control deficiencies as per the internal control audit report[145]. Research and Development - The company focused on R&D in areas such as new environmentally friendly fillers and low-energy consumption cooling towers, achieving significant technological breakthroughs[37]. - The company holds a total of 239 patents and has received multiple high-tech product certifications in various fields[52]. - Research and development expenses increased by 29.99% to ¥35,659,161.82, indicating a stronger focus on innovation[55]. - The company is investing 50 million in R&D for new technologies aimed at enhancing product efficiency[113]. Market and Growth Strategy - The company plans to continue expanding its market presence and enhancing its product offerings in response to increased business volume and project completions[24]. - The company aims to achieve a 20% to 50% annual water saving rate through advanced cooling technologies[92]. - The company plans to expand its international presence and enhance its global service capabilities[94]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by 2025[117]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 100 million allocated for potential deals[113]. Governance and Management - The company has appointed new independent directors following the recent board election[111]. - The company’s management team has undergone changes, with several executives transitioning to new roles[111]. - The company’s independent directors have been updated, with new appointments made to enhance governance[111]. - The company has established a reasonable performance evaluation system for senior management, linking their compensation to company performance[143]. - The overall governance structure is designed to align with shareholder interests and ensure accountability[120]. Environmental Responsibility - The company has implemented various pollution prevention measures for waste gas, including a 15-meter high exhaust stack for emissions treatment, ensuring compliance with standards[150]. - The company utilizes a mechanical forced ventilation system in the molding room to maintain air quality, with waste gas from the molding process treated through multiple filtration and adsorption stages[149]. - The company has a comprehensive waste management strategy, ensuring that all waste types are properly processed and disposed of[152]. - The company reported that all major pollutants were within compliance limits according to environmental monitoring reports during the reporting period[155]. Shareholder Commitments - The company has established a plan to ensure compliance with its commitments regarding share transfers and disclosures[160]. - The company has pledged to maintain the accuracy and completeness of its prospectus and related documents[160]. - The company is committed to repurchasing shares if any misstatements in its prospectus are identified by regulatory authorities[160]. - The commitments made by shareholders are intended to protect the interests of the company and its subsidiaries from potential conflicts of interest[166]. Risks and Challenges - The company faces risks from macroeconomic changes affecting downstream demand, particularly in industries like petrochemicals and metallurgy[98]. - The company has identified risks related to overseas operations, including legal, political, and cultural integration challenges[99]. - Currency fluctuation risks are acknowledged, with potential impacts on overseas revenue and cost competitiveness due to changes in the RMB exchange rate[99].