JSAC(600389)2023-04-17 16:00Dividend Distribution - The company plans to distribute a cash dividend of 2.00 CNY per 10 shares, totaling 61,073,420.00 CNY, which represents 3.31% of the net profit attributable to ordinary shareholders for the year[6]. - In 2022, the total cash dividends distributed amounted to 977,174,720.00 CNY, accounting for 52.98% of the net profit attributable to ordinary shareholders[6]. - The company intends to issue 0.45 bonus shares for every share held, increasing the total share capital to 442,782,295 shares[7]. - The company's total share capital as of December 31, 2022, was 305,367,100 shares, which serves as the basis for the dividend distribution calculations[171]. - The cash dividend distribution for the first half of 2022 was completed by September 30, 2022[170]. - The company's profit distribution plan has been approved by independent directors, ensuring compliance with company regulations and decision-making procedures[171]. Financial Performance - The company's operating revenue for 2022 reached ¥8,348,772,840.84, representing a year-on-year increase of 28.76% compared to ¥6,483,760,507.83 in 2021[23]. - The net profit attributable to shareholders of the listed company was ¥1,844,424,518.46 in 2022, a significant increase of 125.91% from ¥816,452,808.96 in 2021[23]. - The basic earnings per share for 2022 was ¥6.1257, up 122.83% from ¥2.7490 in 2021[24]. - The company's total assets increased by 14.68% to ¥6,513,098,085.61 at the end of 2022, compared to ¥5,679,443,510.79 at the end of 2021[23]. - The company achieved a net cash flow from operating activities of ¥1,773,699,279.71 in 2022, an increase of 78.48% from ¥993,795,032.81 in 2021[23]. - The weighted average return on net assets for 2022 was 60.85%, an increase of 24.17 percentage points from 36.68% in 2021[24]. Risk Management - The company has outlined various risks including safety, environmental, market fluctuations, and raw material price volatility in its management discussion[11]. - The company emphasizes the importance of investor awareness regarding the risks associated with forward-looking statements in the report[8]. - The company faces risks related to safety, environmental protection, industry policies, market fluctuations, and exchange rates[122]. - The company will enhance safety management and conduct comprehensive risk analysis to ensure stable production operations[123]. Research and Development - The company is focusing on innovation by increasing R&D investments in key intermediates, flame retardants, and nano new materials to ensure long-term development[35]. - The total R&D expenditure amounted to 263,536,551.05 yuan, representing 3.16% of total revenue[63]. - Research and development expenses increased by 11.06% to 263.54 million RMB, reflecting the company's commitment to innovation[49]. - The company applied for 29 patents in 2022, including 2 international patents, and received authorization for 15 patents[85]. - The company invested CNY 263.54 million in R&D in 2022, with 13 new projects initiated and 20 ongoing projects, resulting in 14 project outputs and 6 projects carried over to 2023[85]. Environmental Management - The company invested CNY 11,989,000 in environmental protection during the reporting period[183]. - A total of 62 environmental improvement projects were implemented, focusing on VOCs reduction, wastewater reduction, and dust control[184]. - The company achieved compliance with wastewater discharge standards, with COD emissions averaging 283.9 mg/L against a limit of 500 mg/L[187]. - The company maintained stable operation of all environmental protection facilities, ensuring compliance with emission standards[185]. - The company reported a decrease in emissions of major pollutants such as sulfur dioxide and nitrogen oxides compared to the previous year[184]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[193]. Governance and Compliance - The company has established a long-term mechanism to prevent major shareholders from infringing on the interests of the listed company[129]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance standards[130]. - The company emphasizes transparency in information disclosure, ensuring all shareholders have equal access to information[132]. - The company has revised its governance structure to ensure compliance with legal requirements and protect shareholder rights, particularly for minority shareholders[128]. Market Expansion and Strategy - The company is focusing on expanding its market presence through precise layout and scientific positioning, aiming to enhance sales scale[36]. - The company is enhancing its marketing strategies to stabilize sales volume and expand the sales area, variety, and volume of formulations[118]. - The company plans to advance the construction of its second and third production bases and implement key projects, including a 100,000-ton intelligent formulation project[113]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of $300 million earmarked for potential deals[146]. Leadership and Management - The company has seen leadership changes with Pang Changguo becoming the Chief Engineer in January 2023 after various roles since November 2011[148]. - The company reported a significant leadership presence in the agricultural technology sector, with Zhang Hua as Chairman of multiple subsidiaries since September 2021[149]. - The company has a strong management team with members holding key positions in shareholder units, such as Gu Jian Guo as Deputy Secretary and General Manager since December 2020[149]. - The leadership team has been stable, with many members serving in their roles for several years, ensuring continuity in management[148]. Employee Management - Employee motivation initiatives are being strengthened through stock incentives and positive reinforcement to enhance company cohesion[38]. - The company plans to implement a 40% key position training program and a 20% job rotation plan to cultivate backup talent[169]. - The company is focused on optimizing its salary system and implementing differentiated assessments for marketing and R&D personnel[167]. - A total of 53 young backbone employees were promoted, and 36 key positions were newly appointed during the reporting period[169].