海大集团(002311) - 2022 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2022 was approximately ¥104.72 billion, representing a 21.63% increase compared to ¥85.99 billion in 2021[19]. - The net profit attributable to shareholders for 2022 was approximately ¥2.95 billion, an increase of 80.54% from ¥1.60 billion in 2021[19]. - The net cash flow from operating activities reached approximately ¥6.82 billion, marking a significant increase of 117.27% compared to ¥3.14 billion in 2021[19]. - Basic earnings per share for 2022 were ¥1.79, up 82.65% from ¥0.96 in 2021[19]. - The weighted average return on equity for 2022 was 18.46%, an increase from 11.46% in 2021[19]. - The company achieved a total revenue of 104.715 billion yuan in 2022, representing a year-on-year growth of 21.63%[44]. - Net profit attributable to shareholders reached 2.954 billion yuan, marking an 80.54% increase compared to the previous year[44]. - Feed sales volume increased by 10% year-on-year to 21.65 million tons, with a market share further enhanced[44]. - The company reported a net profit of ¥852.39 million in Q4 2022, indicating a strong performance in the last quarter of the year[23]. Research and Development - The company has invested heavily in research and development, with a team of over 3,000 dedicated to improving animal nutrition and feed formulation technologies, allowing for quick adjustments in feed formulations in response to raw material price fluctuations[7]. - The company is focusing on the development of key technologies in microbial fermentation feed and alternatives to feed antibiotics, positioning itself as a leader in industry advancements[8]. - The company’s research and development capabilities are a core advantage, with a multi-layered R&D system and significant investment in production bases to support innovative product development[35]. - R&D investment totaled 711 million yuan, an increase of 17.56% year-on-year, focusing on various research directions including animal genetics and nutrition[49]. - The company has established a large animal nutrition demand database, enabling rapid adjustments to feed formulations in response to raw material price fluctuations, enhancing cost competitiveness[40]. - The company is developing functional feed for South American white shrimp, aiming to commercialize it to improve growth rates during winter[63]. - The company is assessing new protein sources to reduce feed costs and diversify raw materials, which is expected to lower reliance on fishmeal[63]. Market Expansion and Strategy - The company is expanding its production capacity in regions with strong environmental carrying capacity to capture market share in new aquaculture areas[8]. - The company is actively expanding into aquaculture and processing, leveraging its advantages in quality seeds and feed to supply large restaurant chains and fresh food platforms[36]. - The company aims to achieve a sales target of 40 million tons, leveraging its full industry chain advantages[50]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2025[126]. - The company is focusing on enhancing the supply capacity of important agricultural products and modernizing the breeding system as part of the national strategy[93]. - The company is committed to professionalized and scaled development in its breeding business, which will deepen its understanding of breeding needs and provide high-quality service talent for its feed, seedlings, and animal health businesses[102]. Risk Management - The company is actively managing procurement risks related to raw material price volatility through strategic purchasing and hedging tools[7]. - The company has implemented a strict disease prevention system in its feed production process, leveraging its technical expertise to manage risks associated with animal diseases[5]. - The company is facing risks from environmental regulations that may impact the structure and scale of livestock farming, necessitating adjustments in its operational strategies[8]. - The company is cautious in managing foreign exchange risks due to its increasing international operations and cross-border transactions[9]. - The company has established a comprehensive risk control system for hedging activities, including specific management policies and internal audit measures[79]. Corporate Governance - The company has maintained its commitment to transparency and has disclosed all necessary financial documents as required by regulations[12]. - The company emphasizes investor relations management, utilizing various platforms to ensure investors' right to information[113]. - The company has established a complete internal audit system to effectively supervise daily operations[111]. - The board of directors consists of 7 members, including 3 independent directors, meeting the requirement of independent directors being over one-third of the total[108]. - The company has established a remuneration and assessment management system for directors and senior management based on national laws and regulations[130]. Environmental Responsibility - The company has implemented various pollution control technologies, including wet dust removal and anaerobic treatment processes, to ensure compliance with environmental standards[176]. - The company invested over 70 million yuan in environmental governance and protection during the reporting period[178]. - The company has transitioned to cleaner energy sources, including natural gas and biomass boilers, to reduce carbon emissions[179]. - The company has established hundreds of rural revitalization technical service stations and employs over 9,000 service engineers to support agricultural technology dissemination[182]. Employee Management - The total number of employees at the end of the reporting period was 36,018, with 2,355 in the parent company and 33,663 in major subsidiaries[142]. - The company has a training program that includes over 8,000 online courses, with nearly 30,000 participants and a total learning duration of nearly 1 million hours[145]. - The company emphasizes a performance-based salary system linked to long-term interests, promoting sustainable growth[143]. - The company has established a dedicated talent development department, focusing on aligning training with strategic business goals[144]. Dividend Policy - The company plans to distribute a cash dividend of ¥4.50 per 10 shares to all shareholders, with no bonus shares issued[10]. - The company has a three-year dividend return plan for 2022-2024, aligning with regulatory guidelines[146]. - The company aims to maintain a minimum cash dividend ratio of 20% in future profit distributions[148].