Jinrui Mineral(SH:600714)2023-07-11 16:00Financial Performance - The company achieved a net profit of ¥54,740,384.77 in 2022, a decrease of 29.24% compared to ¥77,360,250.02 in 2021[6]. - Operating revenue for 2022 was ¥371,952,898.04, reflecting a year-on-year increase of 2.93% from ¥361,353,944.35 in 2021[23]. - The basic earnings per share decreased to ¥0.19 in 2022, down 29.10% from ¥0.268 in 2021[24]. - The weighted average return on equity was 7.59% in 2022, a decrease of 4.14 percentage points from 11.73% in 2021[24]. - The net profit attributable to shareholders was CNY 54.74 million, a decrease of 29.24% compared to the previous year[31]. - The comprehensive gross profit margin for the main business was 24.52%, down 11.38 percentage points year-on-year[31]. - The operating cost rose to CNY 276.19 million, reflecting a significant increase of 20.58% compared to the previous year[46]. - The net profit attributable to the parent company was CNY 54.74 million, indicating a decline in operating performance year-on-year[44]. Cash Flow and Assets - The net cash flow from operating activities was ¥71,519,239.52, showing a slight increase of 0.63% compared to ¥71,074,779.79 in 2021[23]. - The company's total assets at the end of 2022 amounted to ¥801,096,047.21, up 2.28% from ¥783,232,000.03 at the end of 2021[23]. - The net assets attributable to shareholders of the listed company increased to ¥725,688,250.07 at the end of 2022, a rise of 3.86% from ¥698,691,108.15 at the end of 2021[23]. - The company's total assets included accounts receivable financing of ¥22,244,220.40, up 155.09% from the previous period[60]. - The company's cash flow from operating activities was CNY 71.52 million, showing a slight increase of 0.63% year-on-year[46]. - The company's total current assets were RMB 621.64 million, an increase from RMB 591.41 million in 2021, reflecting improved liquidity[196]. - Cash and cash equivalents as of December 31, 2022, were RMB 484.48 million, compared to RMB 438.16 million in the previous year, indicating a growth of approximately 10.55%[196]. Research and Development - Research and development expenses surged by 137.77% to CNY 10.93 million, driven by an increase in R&D projects[47]. - The company holds a total of 76 patents, including 5 invention patents, enhancing its technological advantage in the strontium salt industry[42]. - The company focused on technological innovation, developing high-purity strontium carbonate for LCD manufacturing[35]. - The total R&D expenditure for the period was 10.93 million RMB, accounting for 2.94% of the operating revenue[57]. - The company employed 26 R&D personnel, accounting for 7% of the total workforce[58]. Environmental and Safety Management - The company implemented safety and environmental measures, with no safety incidents reported during the reporting period[34]. - The subsidiary Qinglong Strontium Salt maintained a 100% operational rate for all pollution control facilities, ensuring compliance with the emission standards[138]. - The company reported that all pollutants were discharged in accordance with national standards, with no penalties from environmental authorities[137]. - The company achieved a 100% utilization rate for waste generated during production, repurposing it for brick and cement industries[138]. - The company has established a comprehensive environmental management system to monitor and mitigate environmental risks[136]. - The company invested 143.72 million yuan in environmental protection during the reporting period[135]. Governance and Compliance - The company is committed to improving governance structures and enhancing transparency to protect investor rights[94]. - The company maintained strict compliance with insider information management, ensuring no violations occurred during the reporting period[97]. - The company has implemented training programs to enhance compliance and confidentiality awareness among its executives[97]. - The company has a structured remuneration decision process involving the board's compensation and assessment committee, ensuring alignment with performance goals[106]. - The company has strengthened its management control over subsidiaries, ensuring compliance and improving operational efficiency[132]. Shareholder and Equity Information - The largest shareholder, Qinghai Investment Group, holds 29.99% of the shares, with a total of 86,418,507 shares, and has pledged 84,360,279 shares[169]. - The company completed its restructuring plan in July 2022, with no controlling shareholder or actual controller thereafter[173]. - The total number of ordinary shareholders as of the end of the reporting period was 17,514, a decrease from 18,373 at the end of the previous month[168]. - The company has not faced any delisting risks or bankruptcy restructuring matters[159]. - The company has not engaged in any significant financial business with related financial companies[161]. Future Plans and Strategies - The company plans to actively seek diversified development opportunities while consolidating its main strontium salt business[43]. - The company plans to produce 18,523 tons of strontium carbonate and sell 13,220 tons in 2023, aiming for a main product sales revenue of 320.56 million yuan[89]. - The company aims to expand its product range and increase product value by developing new products related to strontium salt[87]. - The company will enhance product competitiveness through continuous technological upgrades and innovation, focusing on high-value-added chemical products[87]. - The company plans to manage raw material price fluctuations by adjusting inventory levels based on market trends, particularly for strontium ore and coal[76].