Shaanxi Heimao(SH:601015)2023-03-29 16:00Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.1 per share, totaling RMB 204,249,763.9, which represents 73.49% of the net profit attributable to shareholders for the year 2022[6]. - The average cash dividend payout ratio from 2020 to 2022 was 42.79% of the net profit attributable to ordinary shareholders[6]. - The company has a cash dividend policy prioritizing cash dividends when conditions are met, ensuring a balance between investor returns and sustainable development[147]. - The company has adjusted its profit distribution policy to protect shareholder rights, which was approved at the fourth extraordinary general meeting of shareholders in 2022[148]. - The company’s future three-year (2022-2024) shareholder dividend return plan was approved during the shareholder meetings[115]. Financial Performance - The company's operating revenue for 2022 was approximately CNY 23.20 billion, representing a 22.78% increase compared to CNY 18.90 billion in 2021[22]. - The net profit attributable to shareholders of the listed company decreased by 81.80% to CNY 277.93 million in 2022 from CNY 1.53 billion in 2021[22]. - The net profit after deducting non-recurring gains and losses was CNY 294.40 million, down 78.38% from CNY 1.36 billion in the previous year[22]. - Cash flow from operating activities increased significantly to CNY 349.05 million, compared to CNY 13.25 million in 2021[22]. - Total assets at the end of 2022 were CNY 21.35 billion, a 3.02% increase from CNY 20.73 billion at the end of 2021[22]. - The net assets attributable to shareholders increased by 3.15% to CNY 8.75 billion at the end of 2022 from CNY 8.48 billion at the end of 2021[22]. - The basic earnings per share for 2022 was 0.14 RMB, a decrease of 83.13% compared to the previous year[24]. - The weighted average return on equity decreased by 18.45 percentage points to 3.23% compared to the previous year[24]. Operational Highlights - The company is focused on enhancing its product offerings and expanding its market presence through strategic initiatives[22]. - Future outlook includes potential investments in new technologies and product development to drive growth[22]. - The company aims to leverage its existing resources to optimize operational efficiency and improve profitability[22]. - Ongoing efforts in mergers and acquisitions are being considered to strengthen market position and expand capabilities[22]. - The company produced approximately 3.88 million tons of coke during the reporting period[36]. - The construction of a 1 million tons/year coke production facility is expected to be completed in the second half of 2023[36]. - The company has established a wholly-owned subsidiary, Shaanxi Heikou Logistics Trading Co., with a registered capital of 100 million RMB[37]. - The company acquired 100% equity of Kuqa Jinguo Coal Mine for 578 million RMB during the reporting period[37]. Risk Management - The company has detailed various risks faced in its production and operations in the report[8]. - The company emphasizes the uncertainty of forward-looking statements and advises investors to be aware of investment risks[7]. - The company faces risks related to fluctuations in the prices of raw materials, particularly premium coal, which is essential for coke production and is subject to market volatility[101]. - The company is exposed to safety production risks due to the hazardous nature of its operations, which could lead to accidents and impact its business[104]. - The company has implemented various energy-saving measures, including reducing electricity, oil, and gas consumption, and has established a comprehensive energy management and efficiency evaluation system[168]. Governance and Compliance - The company has a commitment to ensuring the accuracy and completeness of the financial report as stated by its management[5]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[8]. - The company is committed to improving its governance structure in accordance with relevant laws and regulations to enhance operational standards[108]. - The company has maintained a good integrity status, with no records of failing to fulfill court judgments or significant debts due[189]. - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal standing[189]. Environmental Responsibility - The company invested CNY 81,254,880 in environmental protection during the reporting period[155]. - The company and its subsidiaries were listed as key monitoring pollution enterprises by environmental protection authorities[156]. - The company has completed environmental impact assessments and obtained necessary permits for its projects, ensuring compliance with environmental regulations[160]. - The company received a total of 500,000 RMB in administrative penalties due to exceeding emission limits for particulate matter, nitrogen oxides, and sulfur dioxide, with five penalties issued by the Han City Ecological Environment Bureau[163]. - The company has developed emergency response plans for environmental incidents and conducted training for all employees[161]. Shareholder Commitments - Major shareholders are prohibited from engaging in competitive businesses that may conflict with the company's operations, ensuring no direct or indirect competition[175]. - The commitments made by shareholders are irrevocable and remain in effect as long as they hold shares in the company[174]. - The company emphasizes the importance of protecting the interests of all shareholders through strict adherence to these commitments[177]. - Related-party transactions must adhere to principles of equality, voluntariness, and compensation to protect shareholder interests[177]. Management and Leadership - The company has seen no changes in shareholding for key executives during the reporting period[117]. - The company plans to maintain its current management structure through 2024, with several directors and supervisors serving until December 2024[117]. - The company appointed Zhang Linxing as the new chairman on June 21, 2022, following the resignation of Li Baoping[122]. - The company reported a change in senior management, with Liu Finyan appointed as vice president and Wang Airong as vice president and chief engineer on July 11, 2022[124]. - The total remuneration for all directors, supervisors, and senior management was RMB 4.1281 million (pre-tax) for the reporting period[131].