JHSY(SZ:002597)2023-04-26 16:00Financial Performance - Total revenue for the fourth quarter was approximately CNY 1.72 billion, with a year-on-year increase of 5.5% compared to the previous quarter[10]. - Net profit attributable to shareholders for the fourth quarter was approximately CNY 362.44 million, representing a decrease of 24.3% from the previous quarter[10]. - The company achieved a total operating revenue of CNY 7,250,498,388.15, representing a year-on-year increase of 24.04%[56]. - The net profit attributable to shareholders reached CNY 1,695,005,800, marking a 44.00% increase compared to the previous year[47]. - The company's operating revenue for 2022 was ¥7,250,498,388.15, an increase of 24.04% compared to ¥5,845,322,601.18 in 2021[82]. - The net profit attributable to shareholders for 2022 was ¥1,695,005,774.45, representing a growth of 44.00% from ¥1,177,102,453.70 in the previous year[82]. - The net profit after deducting non-recurring gains and losses reached ¥1,726,039,653.89, up 73.51% from ¥994,751,755.94 in 2021[82]. - The net cash flow from operating activities was ¥2,155,227,413.75, a significant increase of 143.55% compared to ¥884,916,187.25 in 2021[82]. - The total assets at the end of 2022 amounted to ¥10,340,843,944.46, reflecting a 16.87% increase from ¥8,847,824,127.36 at the end of 2021[82]. - The net assets attributable to shareholders were ¥7,033,619,909.20, which is a 20.42% increase from ¥5,840,834,086.67 in the previous year[82]. - The basic earnings per share for 2022 were ¥3.05, up 45.24% from ¥2.10 in 2021[82]. - The diluted earnings per share were ¥2.96, an increase of 43.69% compared to ¥2.06 in the previous year[82]. Revenue Breakdown - The company reported a total revenue of 1,566,670,670.08 CNY for major materials in food manufacturing, which accounted for 33.33% of the operating costs, reflecting a 25.06% increase compared to the previous year[37]. - The company reported a total revenue of CNY 4,557,769,245.38 in the food manufacturing sector, with a year-on-year increase of 50.47%[168]. - The company's food manufacturing products achieved revenue of 455,776.92 million yuan, an increase of 50.47% compared to the same period last year[121]. - The basic chemicals segment reported revenue of 226,911.24 million yuan, a decrease of 3.47% year-on-year[121]. Production and Capacity - The production capacity utilization rate for food additives was 100.93%, with a designed capacity of 35,400 tons[41]. - The company achieved a historical best performance in sales scale and profit during the reporting period, with a production volume of 35,728.13 tons in food manufacturing, up 20.76% from 2021[28][36]. - The sales volume in the food manufacturing sector was 35,530.52 tons, representing a year-on-year increase of 13.78%[36]. - The annual output of the ethyl maltol project reached 5,000 tons, which has now achieved full production capacity[49]. - The company completed the construction of a 30,000-ton DMF and supporting methylamine project, enhancing its strategic layout in the core product chain[172]. Market Position and Strategy - The company is positioned in the food manufacturing industry, which has seen a growing demand for food additives due to the increasing scale of the food industry[15]. - The company has a significant scale advantage in the food additives and flavor products sector, maintaining a leading position globally[24]. - The company is focused on expanding its market presence in the food additive sector, particularly in sweeteners and flavorings, to meet growing demand[106]. - The company has a strong cost advantage through vertical supply chain stability and horizontal business synergy, enhancing its competitive position in the industry[146]. - The company is actively exploring new application fields for sweeteners and is working on the approval process for the domestic application range and usage standards of allulose[29]. Research and Development - The company continues to focus on the research and development of food additives, bulk chemicals, and pharmaceutical intermediates, with no changes in its main business operations during the reporting period[15]. - The company has established multiple research and development bases, including the Jinhe Research Institute and the application R&D base for food additives, enhancing its innovation capabilities[117]. - The company has made significant breakthroughs in key strategic product layouts and industry chain extensions, showcasing strong R&D advantages[117]. - The company has increased its R&D investment, achieving breakthroughs in key strategic product layouts and extending its industrial chain[175]. - The company is focusing on cultivating R&D talent through practical training and project involvement to enhance its technological capabilities[30]. - The company holds a total of 221 authorized patents, including 157 invention patents, 63 utility model patents, and 1 design patent as of the end of the reporting period[153]. - In 2022, the company was awarded 66 patents, comprising 59 invention patents, 6 utility model patents, and 1 design patent[153]. Environmental and Safety Initiatives - The company has a strong emphasis on safety and environmental policies, aligning with national goals for carbon neutrality and industry upgrades[18]. - The company is committed to strengthening safety and environmental protection measures continuously[31]. - Significant investments have been made to improve environmental governance, focusing on weak links and optimizing process technology for energy conservation and emission reduction[178]. - The company has received multiple environmental approvals for new projects, including a 1500 tons/year bio-fermentation product project and a 1000 tons/year furan ammonium salt production line upgrade project[114]. Shareholder Returns and Corporate Governance - The company plans to distribute a cash dividend of CNY 8.00 per 10 shares, based on a total of CNY 557,181,361[70]. - As of December 29, 2022, the company repurchased 2,896,325 shares, accounting for 0.52% of the total share capital, with a total transaction amount of approximately 99.99 million yuan[200]. - A new board of directors and management team have been appointed, ensuring smooth transitions and promoting stable development[179]. - The company has implemented a long-term incentive mechanism to promote sustainable development[32]. - The company has implemented a stock incentive plan and a second phase of the core employee stock ownership plan to attract and retain talent for sustainable growth over the next 3-5 years[156].