LUYIN INVEST(SH:600784)2023-04-20 16:00Financial Performance - The company achieved operating revenue of RMB 3.79 billion in 2022, a year-on-year increase of 25.47%[21]. - Net profit attributable to shareholders reached RMB 324.46 million, up 41.69% compared to the previous year[23]. - The basic earnings per share increased to RMB 0.49, reflecting a growth of 22.50% year-on-year[22]. - The total assets at the end of 2022 amounted to RMB 5.24 billion, representing a 22.33% increase from the previous year[21]. - The company’s net assets attributable to shareholders rose to RMB 2.64 billion, a 40.85% increase year-on-year[21]. - The total profit reached 380 million RMB, with a year-on-year increase of 47.73%[40]. - Net profit amounted to 335 million RMB, reflecting a growth of 43.07% compared to the previous year[40]. - The company reported a total revenue of 721.85 million for the fiscal year 2022[90]. - The company reported a total amount of 3,119.03932 million yuan involved in litigation, with an estimated compensation of 1,415,802 yuan[150]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 0.50 RMB per 10 shares, totaling 33,782,613.85 RMB, based on a total share capital of 675,652,277 shares[5]. - The remaining distributable profit for shareholders is 195,001,430.41 RMB, which will be carried forward to future years[5]. - The company approved a cash dividend of 0.35 RMB per 10 shares, totaling 23,647,829.70 RMB distributed to shareholders[113]. - The company reported a net profit attributable to ordinary shareholders of 228,986,324.83 RMB, with a cash dividend ratio of 10.33%[117]. Audit and Compliance - The company has received a standard unqualified audit report from Da Xin Certified Public Accountants[4]. - The company has established a comprehensive internal control system and received a standard unqualified opinion from Da Xin Accounting Firm regarding the effectiveness of its internal control over financial reporting[121]. - The company has not faced any penalties from securities regulatory agencies in the past three years[99]. - The company has not reported any objections raised by directors regarding company matters during the year[102]. - The company has not faced any non-compliance issues with the securities regulatory authorities during the reporting period[144]. Research and Development - The company invested 117 million RMB in R&D during the reporting period, marking a 25.73% increase year-on-year[33]. - The company has 329 R&D personnel, which constitutes 12.93% of the total workforce[52]. - The company invested 150 million in R&D for new technologies, which is a 25% increase compared to the previous year[88]. - The company is actively investing in research and development to innovate its product line[92]. Strategic Initiatives and Future Outlook - The company plans to issue medium-term notes with a scale not exceeding RMB 5 billion, totaling no more than RMB 7 billion[32]. - The company aims to focus on innovation and project breakthroughs, with a goal of stabilizing existing industries and creating new growth engines[75]. - The company intends to strengthen its brand "Lujing" to become a leading brand in the salt industry, enhancing its market influence and competitiveness[75]. - The company is committed to expanding its product structure and accelerating new product development to enhance its core competitiveness in the new materials sector[75]. - The company plans to hold its next shareholder meeting on April 1, 2023, to discuss further strategic initiatives[88]. Environmental Responsibility - The company invested 1,250.18 million yuan in environmental protection during the reporting period[122]. - The company’s environmental credit rating for 2022 was assessed as "green" by the relevant authorities[132]. - The company has obtained all necessary pollution discharge permits and complies with local environmental regulations[126]. - The company has implemented carbon reduction measures, resulting in a decrease of 53,494 tons of CO2 equivalent emissions[133]. Legal Matters - The company is involved in ongoing litigation regarding the recovery of funds and compensation from various parties[150]. - The company has faced challenges in the legal proceedings, including a ruling from the Zibo Intermediate Court that dismissed its claims[151]. - The company is actively pursuing legal actions to recover outstanding debts and ensure compliance with court rulings[152]. - The company has reported a total amount of 3,119.03932 million yuan involved in litigation, with an estimated compensation of 1,415,802 yuan[150]. Corporate Governance - The management team includes experienced professionals from various sectors, ensuring a diverse skill set for strategic decision-making[94]. - The company has appointed independent directors to strengthen governance and oversight[95]. - The total remuneration for all directors, supervisors, and senior management in the reporting period amounted to 7.2185 million yuan[97]. - The independent director's annual allowance is set at 100,000 yuan per person (pre-tax)[96]. Market and Sales Performance - The company’s online sales channel generated revenue of 55,225,600 yuan, accounting for 5.80% of the total revenue from salt products[64]. - The salt industry generated operating revenue of 2.01 billion RMB, with a gross margin of 30.10%, reflecting a year-on-year increase of 2.13 percentage points[44]. - The industrial salt segment saw a revenue increase of 67.58% year-on-year, with corresponding costs rising by 60.60%[46]. - Market expansion efforts led to a 15% increase in market share in the Asia-Pacific region[88].