Jiangsu Guoxin (002608)2023-04-27 16:00Dividend Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders, based on a total of 3,778,079,704 shares[2]. - The company plans to distribute a cash dividend of 377,807,970.40 CNY, which is 1 CNY per 10 shares, representing 43.76% of the total distributable profit[116]. - The company has a total of 3,778,079,704 shares as the basis for the cash dividend distribution[116]. Business Transformation - The company has undergone a significant business transformation since 2016, shifting its main operations from shipbuilding to energy and trust services[11]. - The company aims to enhance energy efficiency and develop clean energy and modern power services, contributing to the circular economy[24]. - The company is exploring new business areas such as electrochemical energy storage and hydrogen energy, with projects like the Jiangsu molten salt project being developed[26]. Financial Performance - Total revenue for 2022 reached ¥32,438,816,867, an increase of 12.08% compared to the adjusted revenue of ¥28,942,003,020 in 2021[13]. - Net profit attributable to shareholders was ¥68,173,224.42, representing a significant increase of 120.49% from the previous year's adjusted net profit of -[13]. - The net cash flow from operating activities for 2022 was ¥4,717,322,862.02, a remarkable increase of 379.12% compared to the adjusted figure of ¥1,690,049,298.96 in 2021[13]. Risk Management - The company has a comprehensive risk management strategy outlined in the management discussion section of the report[2]. - The company has maintained compliance with relevant regulations and has not engaged in any illegal fund transfers or actions detrimental to shareholder rights[159]. - The company has implemented a credit risk management system to monitor the credit status and performance capabilities of trading partners regularly[80]. Corporate Governance - The company’s board of directors has ensured that all members attended the meeting to review the annual report[2]. - The board of directors consists of seven members, including three independent directors, ensuring a clear division of responsibilities and compliance with governance standards[82]. - The company has established a performance evaluation incentive system linking executive compensation to business performance[83]. Environmental Compliance - The company has complied with environmental regulations and obtained necessary permits for all construction projects, ensuring adherence to pollution discharge standards[126]. - Jiangsu Guoxin Jingjiang Power Co., Ltd. reported SO2 emissions of 324.081 tons, NOx emissions of 518.832 tons, and particulate matter emissions of 34.881 tons, all within the annual limits of SO2 ≤ 1907 tons, NOx ≤ 3432 tons, and particulate matter ≤ 452 tons[128]. - The company has achieved an online monitoring rate of over 99% for desulfurization, denitrification, and dust removal systems[140]. Trust Business - The company's trust business includes collective fund trusts, single fund trusts, and property rights trusts, which are significant sources of revenue[25]. - The trust asset scale of the industry stabilized at 21.14 trillion yuan by the end of Q4 2022, representing a year-on-year growth of 2.87%[22]. - Jiangsu Trust, a subsidiary, ranks second in net profit per capita in the trust industry, showcasing strong profitability and risk management capabilities[33]. Investment and Expansion - The company is actively pursuing major investment projects, including the expansion of power generation capacity at various plants[75]. - The company plans to invest between RMB 250 million and RMB 500 million in Jiangsu New Energy, recognizing its intrinsic value while enhancing its energy service platform[184]. - The company is exploring potential mergers and acquisitions to enhance its market position, particularly in the renewable energy sector[97]. Employee Management - The company has established a social security system for employees, complying with national laws and regulations regarding social insurance[111]. - The company has implemented targeted training programs based on employee career development needs[112]. - The total pre-tax remuneration for the board of directors and senior management during the reporting period amounted to CNY 3.43 million[102]. Shareholder Relations - The company has actively engaged with investors through various channels to ensure transparency and equal access to information[83]. - The controlling shareholder, Jiangsu Guoxin Group Co., Ltd., has not interfered with the company's decision-making processes, maintaining operational independence[81]. - The company has not engaged in any significant asset or equity sales during the reporting period[68]. Market Position - The company is a major shareholder in Jiangsu Bank and Lianan Life Insurance, providing a stable income base from financial equity investments[25]. - Jiangsu Guoxin's market share in the regional energy sector has grown to 18%, up from 15% in the previous year[97]. - The company is focusing on high-quality project construction in the energy sector, ensuring safety, quality, and financial control[35]. Compliance and Legal Matters - The company has not received any administrative regulatory measures from supervisory authorities during the reporting period[81]. - The company has no significant penalties or rectification issues reported during the period[167]. - The company has a pending lawsuit involving a claim of 34.25 million yuan related to a ship purchase contract, with the first-instance judgment ordering the company to pay this amount plus interest[165].