YONGXING MATERIALS(002756)2024-04-29 11:36Financial Performance - The company's operating revenue for 2023 was ¥12,189,008,783.35, a decrease of 21.76% compared to the previous year[16]. - The net profit attributable to shareholders for 2023 was ¥3,406,771,930.76, down 46.09% year-over-year[16]. - The net profit after deducting non-recurring gains and losses was ¥3,238,878,396.17, reflecting a 47.66% decline from the previous year[16]. - The net cash flow from operating activities was ¥3,944,624,548.83, a decrease of 40.67% compared to 2022[16]. - The total assets at the end of 2023 amounted to ¥15,506,219,373.71, showing a slight increase of 0.54% from the end of 2022[16]. - The net assets attributable to shareholders increased by 5.72% to ¥12,980,850,206.76 at the end of 2023[16]. - The company reported a total of ¥167,893,534.59 in non-recurring gains for 2023, compared to ¥131,835,812.93 in 2022[21]. - The revenue from lithium battery new energy business was 5.282 billion yuan, a year-on-year decrease of 39.55%[45]. - The net profit attributable to shareholders was 2.879 billion yuan, a year-on-year decrease of 51.72%[45]. - The average price of battery-grade lithium carbonate decreased to 223,600 yuan per ton, a year-on-year decline[47]. Dividend Distribution - The company plans to distribute a cash dividend of 20.00 yuan (including tax) for every 10 shares, totaling 531,493,049 shares[4]. - The cash dividend distribution for 2023 is proposed at 20.00 RMB per 10 shares, totaling 1,062,986,098.00 RMB, with no stock dividends or capital reserve transfers planned[165]. - In 2022, the company distributed a cash dividend of 50.00 RMB per 10 shares, totaling 2,073,467,465.00 RMB, and increased its total share capital by 124,408,047 shares[162]. - For the first half of 2023, the company plans to distribute a cash dividend of 10.00 RMB per 10 shares, based on a total share capital of 539,101,540 shares[163]. - The total distributable profit for the reporting period is 4,436,180,870.37 RMB, with total cash dividends (including other methods) amounting to 1,750,758,872.17 RMB[165]. Business Stability and Governance - The company has not changed its main business since its listing, indicating stability in operations[12]. - The company has not made any changes to its controlling shareholders, indicating stability in ownership[12]. - The company has confirmed that all board members attended the meeting to review the annual report, ensuring governance compliance[3]. - The company maintains an independent operational structure, with no influence from its controlling shareholder[134]. - The company has established a comprehensive internal control system, focusing on risk management and ensuring the normal operation of key business processes[130]. - The company has independent financial, personnel, and asset management, ensuring no violations by the controlling shareholder[133]. - The company has not reported any related party transactions that would affect its operational independence[134]. - The company has established a clear organizational structure with defined responsibilities among its departments[134]. Risk Management and Compliance - The company emphasizes the importance of risk management and has outlined potential risks and countermeasures in its future development outlook[4]. - The company has established a comprehensive employee training system to enhance core competitiveness and meet the needs of different employee development stages[160]. - The company has complied with various environmental protection laws and standards, being classified as a key pollutant discharge unit[177]. - The company has received approvals for hazardous waste transfer valid until September 10, 2023, and December 31, 2023[178]. - The company has developed emergency response plans for environmental incidents, which have been approved by local environmental authorities[183]. Research and Development - The company has invested significantly in R&D, holding 90 patents related to stainless steel, including 35 invention patents, enhancing its technological capabilities[38]. - The company is focusing on R&D innovations to improve lithium recovery rates and reduce energy consumption[49]. - The company is committed to continuous innovation and improvement in its R&D efforts to enhance its core competitiveness and sustainable profitability[120]. - The company achieved a research and development investment of approximately ¥437.12 million in 2023, a decrease of 15.11% compared to ¥514.94 million in 2022[74]. - The number of R&D personnel increased to 338 in 2023, up by 2.11% from 331 in 2022[73]. Market and Industry Trends - In the lithium battery new energy sector, China's new energy vehicle production and sales reached 9.857 million and 9.495 million units, respectively, with year-on-year growth of 35.8% and 37.9%[23]. - The installed capacity of new energy storage projects in China reached 31.39 million kilowatts by the end of 2023, with a year-on-year growth of over 260%[23]. - The stainless steel industry saw a production increase of 12.59% in 2023, with crude steel output reaching 36.6759 million tons[24]. - The average annual growth rate of global lithium battery demand is projected to exceed 30% from 2023 to 2027[100]. - The new energy vehicle export volume reached 1.203 million units in 2023, marking a year-on-year increase of 77.2%, setting a historical record[98]. Environmental Responsibility - The company has established a series of environmental protection facilities, including dust removal and wastewater treatment systems, to mitigate pollution[181]. - The company reported zero financial reporting defects, indicating strong internal controls[176]. - The company invested over 80 million yuan in environmental protection facilities and projects during the reporting period[182]. - The total emissions of particulate matter were 26.0004 tons, with a permitted limit of 49.647 tons per year, indicating compliance with standards[180]. - The company has implemented energy-saving measures, achieving significant reductions in greenhouse gas emissions through process optimizations[184]. Employee and Management Practices - The total number of employees at the end of the reporting period is 2,337, with 785 in the parent company and 1,552 in major subsidiaries[158]. - The company has a competitive salary policy linked to performance, with a focus on reasonable returns for investors and maintaining a stable profit distribution policy[159]. - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 714.95 million[150]. - The company has established a comprehensive performance evaluation mechanism for senior management under the 2020 restricted stock incentive plan, linking performance to the unlocking conditions of the shares[169]. - The company’s stock incentive plan aims to align the interests of shareholders and core team members, enhancing overall cohesion[166].