ZGXT(SZ:000831)2023-04-28 16:00Dividend and Share Issuance - The company plans to distribute a cash dividend of 0.4 RMB per 10 shares to all shareholders, based on a total of 980,888,981 shares[3]. - The company intends to issue up to 294,266,694 shares to specific investors, with each share having a par value of 1 RMB[7]. - The company plans to distribute a cash dividend of RMB 0.4 per 10 shares, totaling RMB 39,235,559.24, which represents 100% of the total profit distribution amount[106]. Financial Performance - The company's operating revenue for 2022 was ¥3,785,959,969.27, representing a 27.33% increase compared to ¥2,973,358,163.24 in 2021[15]. - The net profit attributable to shareholders for 2022 was ¥415,636,736.99, a significant increase of 112.70% from ¥195,406,410.40 in 2021[15]. - The net cash flow from operating activities improved to ¥994,386,720.01 in 2022, a 233.56% increase from a negative cash flow of ¥744,501,204.62 in 2021[15]. - Basic earnings per share for 2022 were ¥0.4237, up 112.70% from ¥0.1992 in 2021[15]. - The total assets at the end of 2022 were ¥3,379,700,786.33, a decrease of 12.82% from ¥3,876,772,302.44 at the end of 2021[15]. - The net assets attributable to shareholders increased by 16.00% to ¥3,016,426,197.94 at the end of 2022, compared to ¥2,600,438,972.83 at the end of 2021[15]. Industry and Market Position - The company is focusing on the integration and optimization of the rare earth industry to promote sustainable development and meet carbon neutrality goals[21]. - The rare earth industry is crucial for high-tech and green low-carbon industries, with applications in various sectors including renewable energy and advanced manufacturing[21]. - The company has been recognized as a key player in the rare earth separation industry, holding a leading position in the total control plan indicators for rare earth smelting and separation since 2018[22]. - The establishment of China Rare Earth Group on December 23, 2021, marks a significant step towards high-quality development in the rare earth industry, with the company being the only listed platform for the group[23]. Risk Management - The company emphasizes the importance of risk management and has detailed potential risks in its annual report[3]. - The company faces risks from macroeconomic fluctuations and changes in industrial policies, which may impact raw material supply and product pricing[63]. - There is a risk related to raw material supply, as the company relies on external procurement for some raw materials due to restrictions on mining operations[63]. - The company is navigating market and competition risks, with potential price declines in rare earth products amid ongoing structural adjustments in the industry[63]. Research and Development - Research and development expenses for 2022 were CNY 17,199,646.40, an increase of 11.34% compared to the previous year, mainly due to increased R&D materials[41]. - The number of R&D personnel decreased by 15.87% from 63 in 2021 to 53 in 2022, with the proportion of R&D personnel dropping from 18.31% to 14.02%[43]. - The company is committed to enhancing its independent R&D capabilities, focusing on green production methods and increasing the conversion rate of high-end technology research results[62]. - The company is actively engaged in the development of new technologies and products, although specific details were not disclosed in the report[92]. Governance and Compliance - The company held 6 shareholder meetings during the reporting period, ensuring compliance with relevant laws and regulations to protect shareholder rights[66]. - The board of directors consists of 7 members, including 3 independent directors, and held 12 meetings during the reporting period, demonstrating effective governance[66]. - The company published 69 announcements and disclosed 128 documents throughout the year, enhancing transparency and investor relations[67]. - The company operates independently from its controlling shareholder in all aspects, including business, personnel, assets, and finance, ensuring no misuse of company resources[71]. Environmental Responsibility - The company adheres to multiple environmental protection laws and standards, including the "Rare Earth Industry Pollutant Discharge Standards" (GB 26451-2011)[115]. - The wastewater treatment facility in Guangzhou has a daily processing capacity of 500 tons, while the air pollution control system can handle 20.88 million standard cubic meters per year[117]. - The company has implemented effective pollution prevention measures, with stable operation of pollution control facilities during production periods[117]. - Both Guangzhou Jianfeng and Dingnan Dahua conduct daily wastewater monitoring and engage qualified third-party monitoring agencies for comprehensive environmental assessments[118]. Strategic Initiatives - The company is actively pursuing the conversion of exploration rights to mining rights for the Shengongzhai and Feitian rare earth mines, with the geological environment protection and land reclamation plan approved by the Ministry of Natural Resources[25]. - The company is focused on creating a robust framework for technological innovation and sustainable development, aligning with national reform and development directions[61]. - The company plans to enhance the recycling of rare earth elements from NdFeB waste, aiming for a recovery rate not lower than existing processes, which is significant for sustainable development in the rare earth industry[42]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product portfolio[85]. Shareholder Structure - China Rare Earth Group holds 393,153,411 shares of the company, accounting for 40.08% of total share capital[157]. - The company changed its name to "China Rare Earth Group Resources Technology Co., Ltd." and its stock abbreviation to "China Rare Earth" as of September 2022[158]. - The actual controller of the company has changed to China Rare Earth Group, with the ultimate controller remaining the State-owned Assets Supervision and Administration Commission[157]. - The company has completed the transfer of 157,924,751 shares (16.10% of total share capital) from Minmetals to China Rare Earth Group[161].