维远股份(600955) - 2022 Q4 - 年度财报

Financial Performance - The company's total revenue for 2022 was ¥7,798,113,240.28, a decrease of 19.06% compared to ¥9,634,615,988.64 in 2021[15]. - The net profit attributable to shareholders was ¥607,773,517.58, down 71.73% from ¥2,149,712,903.46 in the previous year[15]. - The net cash flow from operating activities was ¥1,083,840,671.44, a decline of 59.49% compared to ¥2,675,353,773.66 in 2021[15]. - The company's operating revenue decreased by 19.06% compared to the same period last year, primarily due to a decline in sales prices of certain products and periodic maintenance of some facilities[30]. - The gross profit margin for the phenol business decreased by 15.71 percentage points, with revenue down by 11.61% and costs up by 7.86%[31]. - The gross profit margin for new materials decreased by 34.44 percentage points, with revenue down by 35.87% and costs down by 1.18%[31]. - The company's revenue for the current period is approximately ¥7.80 billion, a decrease of 19.06% compared to ¥9.63 billion in the same period last year[56]. - The company reported a significant decrease in net cash flow from financing activities, down 109.29% to -¥241.90 million from ¥2.60 billion in the previous year[56]. - The company reported a total of 988 employees, with 799 in production, 13 in sales, 47 in technology, 10 in finance, and 119 in administration[170]. Cost and Expenses - Operating costs increased by 5.21% year-on-year, mainly due to the rise in prices of key raw materials[30]. - Research and development expenses rose by 81.39% compared to the previous year, attributed to increased R&D projects and investments[30]. - The cash paid for purchasing goods and services was CNY 7.30 billion, an increase from CNY 6.49 billion in the previous year[96]. - The cost of direct materials for phenol-related products was ¥4,119,703,972.37, accounting for 58.95% of total costs, reflecting a 9.21% increase from the previous year[3]. - The cost of phenol increased by 19.57% year-on-year, amounting to CNY 2.10 billion, which accounted for 30.00% of total costs[89]. - The cost of acetone decreased by 29.11% year-on-year, totaling CNY 601 million, which represented 8.60% of total costs[89]. - The cost of bisphenol A increased by 8.21% year-on-year, reaching CNY 883 million, accounting for 12.64% of total costs[89]. Inventory and Assets - The company reported a significant increase in inventory levels, with a 32.46% rise in one category, indicating potential overproduction or decreased sales[2]. - The total assets at the end of 2022 were ¥9,931,217,920.38, an increase of 7.57% from ¥9,232,365,978.00 in 2021[15]. - The total amount of financial assets at the end of the period was approximately 1.653 billion RMB, after accounting for significant purchases and sales during the year[79]. - As of the end of the reporting period, cash and cash equivalents amounted to ¥1,015,522,517.85, accounting for 10.23% of total assets, a decrease of 1.48% from the previous period[117]. - The company's trading financial assets decreased by 55.74% to ¥1,652,784,111.74, representing 16.64% of total assets, due to the reduction in idle funds used for financial products[117]. - Inventory increased by 20.43% to ¥372,328,436.64, accounting for 3.75% of total assets[117]. - The company has increased its construction in progress significantly by 750.55% to ¥2,043,589,679.78, which now represents 20.58% of total assets[117]. Strategic Initiatives - The company has developed four general-purpose and two flame-retardant grade PC/ABS alloy new products, achieving industrial transformation and targeting high-end market applications[28]. - The company aims to enhance its production chain by building new facilities for high-purity dimethyl carbonate and propane dehydrogenation, contributing to the new energy industry chain[20]. - The company is actively developing a propane dehydrogenation-epoxy propane-electrolyte solvent industrial chain, along with products like food-grade carbon dioxide and high-performance polypropylene[53]. - The company plans to continue expanding its production capacity to meet the growing demand in downstream applications such as coatings and electronics[53]. - The company is focusing on risk management and production safety while ensuring the stable operation of production facilities and the smooth construction of new projects[20]. - The company aims to explore favorable opportunities for importing propylene and pure benzene to reduce operational costs[111]. - The company has established long-term partnerships with stable raw material suppliers to mitigate risks associated with price fluctuations[97]. - The company is committed to developing advanced green production processes to enhance its competitive advantage in the market[82]. Research and Development - The total number of R&D personnel is 51, representing 5.16% of the total workforce[142]. - The company is focusing on enhancing R&D investment and innovation capabilities in line with national policies for the chemical industry[154]. - The company has no capitalized R&D expenditures for the current period[141]. - The company has implemented a training program for employees, focusing on operational procedures, safety regulations, and quality control[188]. - The company has collaborated with universities and advanced enterprises for employee training, enhancing the quality and efficiency of talent development[188]. Environmental and Social Responsibility - The company invested ¥21,319.14 million in environmental protection during the reporting period[196]. - The company is committed to reducing carbon emissions and promoting sustainable development in its future operations[187]. - The company has invested in pollution prevention facilities, significantly reducing volatile organic compound emissions[199]. - The company's pollution control facilities operated normally, with stable compliance in pollutant emissions[181]. - The company's environmental protection measures are in compliance with standards, with no exceedances reported in pollutant emissions[180]. Shareholder Information - The company distributed cash dividends of 91,300,000.00 yuan, with a cash dividend ratio of 15.02% based on a total share capital of 550,000,000 shares[36]. - The cash dividend policy for 2022 is set at 1.66 RMB per 10 shares, totaling 91,300,000 RMB distributed to shareholders[173]. - The cash dividend for the year was ¥91,300,000.00, representing 15.02% of the net profit attributable to ordinary shareholders in the consolidated financial statements[192]. - The company has a total share capital of 550,000,000 shares as of December 31, 2022[173].