Nisco(SH:600282)2023-03-28 16:00Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 2.5 per 10 shares to all shareholders, pending approval at the annual shareholders' meeting[5]. - The total remuneration for directors and senior management during the reporting period amounted to 2,350,000 yuan[186]. - The total number of shares held by the chairman remained unchanged at 3,533,001 shares throughout the reporting period[185]. - The total number of shares held by the vice chairman and president remained at 3,800,000 shares[185]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to CNY 2,350,000[196]. Financial Performance - In 2022, the company's operating revenue was approximately CNY 70.67 billion, a decrease of 7.69% compared to CNY 76.55 billion in 2021[22]. - The net profit attributable to shareholders was CNY 2.16 billion, down 48.59% from CNY 4.20 billion in the previous year[22]. - The net cash flow from operating activities was CNY 3.75 billion, reflecting a decline of 28.29% from CNY 5.23 billion in 2021[22]. - The company's total revenue for the year was 70.667 billion yuan, a decrease of 7.69% year-on-year, while the net profit attributable to shareholders was 2.161 billion yuan, down 48.59% year-on-year[36]. - Operating revenue decreased by 7.69% to ¥70.67 billion compared to ¥76.55 billion in the previous year[95]. - Net profit fell by 45.16% to ¥2.32 billion from ¥4.24 billion in the previous year[95]. Audit and Compliance - The company has received a standard unqualified audit report from Tianheng Accounting Firm[8]. - The company has not violated decision-making procedures for external guarantees[7]. - The company reported no non-operating fund occupation by controlling shareholders or related parties[7]. - The company has established an independent financial management system, ensuring no interference from controlling shareholders in financial decisions[181]. - The company has received an "A" rating for information disclosure from the Shanghai Stock Exchange for three consecutive years, reflecting its commitment to transparency[179]. Corporate Governance and Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential uncertainties[6]. - The company has a strong commitment to corporate governance and transparency in its financial disclosures[8]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[8]. - The company has implemented measures to strengthen environmental risk identification and analysis, promoting a culture of environmental awareness among employees[174]. - The company is committed to maintaining a balanced and effective governance structure through regular updates and changes in its board composition[197]. Operational Performance - The company achieved a sales volume of 2.0658 million tons of advanced steel materials, a year-on-year increase of 14.06%, contributing to a total gross profit of 2.141 billion yuan, also up by 14.06%[34]. - The company’s steel production decreased by 5.37% year-on-year to 9.8443 million tons, while sales volume fell by 6.28% to 9.7501 million tons[36]. - The company reported a quarterly revenue of CNY 18.02 billion in Q4 2022, with a net profit of CNY 84.57 million[27]. - The company achieved a 100% on-time delivery rate for its JIT+C2M customized service model, with a total delivery volume of 135,500 tons[41]. - The company’s comprehensive energy consumption per ton of steel was reduced by 1.3% to 538 kgce, while the new water consumption per ton of steel decreased by 26% to 1.6 m³/t[50]. Research and Development - The company has a research and development investment ratio of over 3% for several consecutive years, focusing on technological innovation to drive industrial development[82]. - The company has received 562 new patent applications, including 296 invention patents, and authorized 437 new patents, with a year-on-year growth of over 46% in authorized patents[44]. - The company developed 30 new products during the reporting period, with a nearly 100% industrialization rate[112]. - Research and development expenses increased by 8.04% to ¥2.31 billion, reflecting a focus on "producing, reserving, and researching" new technologies[95]. - The company is focusing on the research and development of special composite materials, which are included in the national "14th Five-Year Plan" for key research and development projects[114]. Market and Sales Strategy - The company is focusing on the "four elements and one chain" strategy, enhancing its core capabilities and internal business growth[60]. - The company aims to optimize and collaborate within the industrial value chain through a Corporate Venture Capital (CVC) model[60]. - The company has established a comprehensive marketing network, extending its reach to international markets in regions such as Hong Kong, Singapore, and the Middle East[88]. - The company is actively pursuing market expansion and strategic partnerships to enhance its competitive position[183]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[188]. Environmental and Sustainability Initiatives - The company is committed to low-carbon development and is advancing ultra-low emission transformation projects to meet environmental standards[174]. - The company was recognized as a "2022 Green Development Benchmark Enterprise" in the steel industry[49]. - The company has invested in low-carbon and green development, achieving ISO 14001 and ISO 50001 certifications, and has received $11.35 million in carbon reduction credits[92]. - The company is focusing on carbon neutrality goals and low-carbon technology pathways as outlined in the steel industry's carbon neutrality vision[159]. - The company is pursuing a dual-main business strategy, focusing on new materials and low-carbon development[162]. Strategic Acquisitions and Investments - The company completed the acquisition of Baizhong Environment as part of its strategy to build an industrial chain ecosystem[53]. - The company completed the acquisition of Wansheng Co., which contributed to a 19.13% increase in management expenses to ¥1.49 billion[95]. - The company has established a joint venture in Indonesia for a coke production project with an annual capacity of 6.5 million tons, which is expected to significantly increase main business revenue[75]. - Significant equity investments included ¥3.61 billion for a 94.17% stake in Baizhong Environment and ¥2.74 billion for a 29.56% stake in Wansheng Co., impacting net profit positively[138]. - The company is currently constructing a new 220KV power supply plant, which is 70% complete, with an investment of approximately ¥310 million[140]. Future Outlook and Guidance - For 2023, the company aims for a steel production target of 10.60 million tons and projected revenue of 75.3 billion yuan[166]. - The company plans to invest approximately 3.9 billion yuan in fixed assets in 2023, focusing on quality, smart manufacturing, and green development[171]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% based on market expansion strategies[188]. - Future guidance includes an earnings per share (EPS) target of 3.5 RMB, reflecting a 10% increase from the previous year[188]. - The company is exploring partnerships with tech firms to integrate advanced analytics into its operations, aiming for a 15% increase in productivity[191].