GUOFENG(000859)2023-03-29 16:00Financial Performance - The company's operating revenue for 2022 was ¥2,460,376,512.99, representing a 28.81% increase compared to ¥1,910,027,237.54 in 2021[20]. - The net profit attributable to shareholders for 2022 was ¥229,717,911.05, a decrease of 18.58% from ¥282,155,859.84 in 2021[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥149,893,086.82, down 20.98% from ¥189,699,743.97 in 2021[20]. - The net cash flow from operating activities was ¥112,652,380.09, a significant decline of 63.87% compared to ¥311,793,388.34 in 2021[20]. - The total assets at the end of 2022 were ¥3,680,245,075.48, reflecting a 13.15% increase from ¥3,252,574,955.66 at the end of 2021[20]. - The net assets attributable to shareholders at the end of 2022 were ¥2,907,670,694.13, up 7.86% from ¥2,695,872,308.50 at the end of 2021[20]. - The basic earnings per share for 2022 were ¥0.26, down 18.75% from ¥0.32 in 2021[20]. - The weighted average return on equity for 2022 was 8.20%, a decrease of 3.04% from 11.24% in 2021[20]. - The company reported a total of ¥79,824,824.23 in non-recurring gains for 2022, compared to ¥92,456,115.87 in 2021[26]. Business Operations - The company’s main business includes the production and sales of packaging film materials, capacitor films, polyimide films, and other polymer functional film materials[18]. - The company has a total of four wholly-owned subsidiaries involved in various aspects of its business[12]. - The company is focusing on high-end, specialized, and functional development in the film materials industry, driven by the growth in new applications and the green economy[30]. - The company has established a research and development platform focusing on high-performance polymer functional films and green building materials, enhancing its competitiveness in the new materials market[32]. - The company is actively developing high-end functional polypropylene film with an annual production capacity of 38,000 tons and a project for optical-grade polyester base film with an annual capacity of 1 billion square meters[37]. - The company has a designed capacity of 146,350 tons for film materials with a utilization rate of 99.27%[37]. Revenue Sources - Revenue from film materials was ¥1,519,261,699.16, accounting for 61.75% of total revenue, with a year-on-year growth of 12.08%[46]. - Revenue from new energy vehicle supporting materials surged by 85.20% to ¥351,339,463.73, up from ¥189,705,257.63 in the previous year[46]. - Domestic sales contributed ¥2,133,798,153.17, which is 86.73% of total revenue, reflecting a 32.36% increase from ¥1,612,106,571.27 in 2021[47]. - The company's revenue from the manufacturing sector reached ¥2,399,030,357.2, with a year-on-year increase of 25.60%[49]. - The gross profit margin for the manufacturing sector was 11.86%, a decrease of 6.53% compared to the previous year[49]. Research and Development - The company reported a significant increase in research and development expenses, totaling ¥87,880,851.55, up 10.82% from the previous year[57]. - The number of R&D personnel increased to 192 in 2022, up by 9.09% from 176 in 2021[59]. - The company applied for 88 patents in 2022, with 33 patents granted, and published 3 industry standards[44]. - The company completed the development and industrialization of ultra-thin matte PI black film, enhancing insulation performance and reducing water absorption[58]. - The company is in the research phase for several new products, including PSPI photoresist and flexible substrate polyimide slurry, aimed at improving product competitiveness[58]. Governance and Compliance - The company emphasizes the importance of accurate and complete financial reporting, with all board members present for the report's review[4]. - The company operates under the supervision of the China Securities Regulatory Commission and the Shenzhen Stock Exchange[12]. - The company has committed to maintaining transparency and accountability in its financial disclosures[4]. - The company has established a governance structure that includes a board of directors, supervisory board, and various committees to protect shareholder rights[140]. - The company has not faced any administrative penalties for environmental issues during the reporting period[136]. Shareholder Information - The company reported a total cash dividend of RMB 0.20 per 10 shares for the year 2022, with no stock dividends or capital reserve transfers[126]. - The total cash dividend accounted for 100% of the distributable profit of RMB 229,717,911.05[126]. - The company’s total share capital as of December 31, 2021, was 895,976,271 shares[124]. - The controlling shareholder, Hefei Industrial Investment Holding Group, holds 29.11% of the total shares, amounting to 260,841,634 shares[184]. - The company has a total of 44,914 ordinary shareholders at the end of the reporting period[184]. Market and Strategic Outlook - The company aims to become a significant player in the strategic new materials sector, focusing on high-quality development and the dual-driven strategy of environmentally friendly packaging films and functional electronic films during the 14th Five-Year Plan period[88]. - For 2023, the company plans to adhere to its development strategy, emphasizing technological innovation, operational quality improvement, and a production strategy focused on securing orders, stabilizing production, and reducing costs[88]. - The company is prioritizing the cultivation of emerging industries and advancing the layout of the strategic new materials industry, particularly in polyimide and optical-grade polyester materials[89]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 100 million CNY allocated for potential deals[109]. Environmental and Social Responsibility - The company utilized 6.071653 million kWh of rooftop solar green electricity in 2022, effectively saving approximately 1,786 tons of standard coal[138]. - The company invested CNY 1.0978 million to establish an energy monitoring platform to control energy consumption effectively[138]. - The company actively participated in rural revitalization efforts, sending party members to assist in community development and agricultural support[143]. - The company has been recognized as a safety standardization secondary enterprise and a safety culture demonstration enterprise in Hefei City[141]. Risks and Challenges - The company faces market competition risks due to increasing production capacity and competition in its primary business sectors, prompting a focus on product structure adjustment and operational efficiency[91]. - The company is also addressing risks related to raw material price fluctuations, implementing measures to optimize procurement and inventory management[91].