江天化学(300927) - 2022 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2022 was approximately ¥737.29 million, representing a 3.85% increase compared to ¥709.97 million in 2021[16]. - The net profit attributable to shareholders decreased by 15.87% to approximately ¥63.79 million from ¥75.83 million in the previous year[16]. - The net profit after deducting non-recurring gains and losses was approximately ¥61.33 million, down 16.63% from ¥73.56 million in 2021[16]. - Basic earnings per share decreased by 15.88% to ¥0.4419 from ¥0.5253 in the previous year[16]. - The total assets at the end of 2022 were approximately ¥794.28 million, a 2.25% increase from ¥776.79 million at the end of 2021[16]. - The net assets attributable to shareholders increased by 6.82% to approximately ¥637.01 million from ¥596.32 million in 2021[16]. - The total profit for 2022 was 82.57 million yuan, a decrease of 6.30% compared to the previous year[55]. - The earnings per share for 2022 was 0.4419 yuan, down 15.88% from the previous year[55]. - The company reported a total revenue for 2022 of 5,725 million, an increase from 3,432 million in 2021, representing a growth of approximately 66.9%[138]. - The company reported a net profit of 287.5 million for 2022, compared to 30 million in 2021, indicating a significant increase of 858.3%[138]. Cash Flow and Investments - The net cash flow from operating activities increased significantly by 105.36% to approximately ¥79.05 million, compared to ¥38.49 million in 2021[16]. - The company's cash flow from operating activities showed a strong upward trend, particularly in Q3 2022, where it reached CNY 33.04 million[18]. - Investment cash inflow surged to ¥114,848,859.04, a 104.96% increase, while cash outflow decreased by 81.25% to ¥24,701,804.07, leading to a net cash flow from investing activities of ¥90,147,054.97, a 219.12% increase[77]. - The company reported a total investment of ¥553,524,795.35 in 2022, marking a substantial increase of 308.79% compared to ¥135,406,794.07 in the previous year[86]. - The company reported a total of RMB 22.85 million in unused raised funds as of the end of the reporting period[98]. - The company is actively managing its cash reserves, with a portion of raised funds allocated to bank deposits[98]. Production and Operations - The company’s main products include granular polyformaldehyde and formaldehyde, with the latter capable of producing high concentrations of up to 55%[29]. - The production capacity utilization rate for formaldehyde (37% concentration) is 93.11%, while the utilization rate for polyoxymethylene (96% content) is 66.68%[45]. - The production of polyoxymethylene was 53,347.75 tons, with sales of 53,107.45 tons, generating revenue of ¥315.48 million[65]. - In 2022, the sales volume of formaldehyde (37% concentration) increased by 10.96% year-on-year, reaching 228,757.97 tons, while production volume rose by 2.95% to 372,427.64 tons[66]. - The company completed the construction and acceptance of a project with an annual production capacity of 1,000 tons of 1,3,5-trisacryloylhexahydro-s-triazine in November 2022[67]. Research and Development - The company is focused on technological innovation and has developed multiple patented technologies, including a catalyst filling machine and a high-efficiency mixed aldehyde concentration device[43][44]. - The company applied for 2 patents in 2022, including 1 invention patent and received 1 invention patent and 4 utility model patents[48]. - The company has set up a technology research and development center to encourage innovation and ensure the quality of research outcomes[177]. - The company is focusing on R&D innovation to enhance new processes and technologies, with an emphasis on increasing product models and improving production efficiency[110]. Market and Competitive Position - The company aims to enhance its market competitiveness by optimizing its product structure and expanding its industrial chain related to methanol-based materials[36]. - The company is actively expanding its customer base, with a focus on both domestic and international sales[35]. - The company is targeting the expansion of foreign trade markets, particularly in high-end regions of Europe, the United States, Japan, and South Korea[108]. - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[141]. Environmental and Safety Initiatives - The company emphasizes safety and environmental protection, continuously improving its production processes to meet stringent regulatory requirements[27]. - The company has signed an investment agreement to build an environmental protection enhancement project, aiming to optimize product structure and reduce carbon emissions[28]. - The company has established an environmental self-monitoring plan in accordance with regulations and monitoring frequency requirements[200]. - The company has implemented a safety and environmental management system to comply with national laws and industry standards[181]. Corporate Governance and Management - The company has established a robust corporate governance structure, complying with relevant laws and regulations to protect shareholder interests[119]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance standards[122]. - The company has a diverse management team with extensive experience in various roles within the chemical industry[147][148][149]. - The company is committed to maintaining compliance with regulatory requirements and ensuring effective oversight through its board and supervisory committee[146]. Employee and Community Engagement - The company has established a charity fund with a donation of 200,000 yuan to support internal employees in need, enhancing employee satisfaction and reducing turnover rates significantly in 2022[40]. - The total number of employees at the end of the reporting period was 214, with 129 in production, 15 in sales, 41 in technical roles, 6 in finance, and 23 in administration[164]. - The company conducted internal training programs to enhance employees' professional skills and overall capabilities[166]. - The company is committed to improving employee living conditions through renovations and relocations of dormitories, contributing to a positive corporate culture[40].