SINOJIT Technology(SH:601218)2023-04-07 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.41 RMB per 10 shares, totaling approximately 39.79 million RMB, which represents 25.61% of the net profit attributable to shareholders for the year 2022[7]. - The total cash dividend, including share repurchase amounts, is approximately 75.29 million RMB, accounting for 48.47% of the net profit attributable to shareholders for 2022[8]. - The company repurchased shares worth approximately 35.50 million RMB, which is 22.86% of the net profit attributable to shareholders for 2022[7]. - The company has a cash dividend policy that mandates a minimum of 10% of the distributable profit to be paid out as cash dividends if there are no significant investment plans or cash expenditures[114]. - The company has cumulatively distributed cash dividends amounting to at least 30% of the average distributable profit over the last three years[114]. Financial Performance - The company's operating revenue for 2022 was approximately ¥1.76 billion, a decrease of 5.21% compared to ¥1.86 billion in 2021[26]. - Net profit attributable to shareholders was approximately ¥155.33 million, down 25.65% from ¥208.93 million in 2021[26]. - Basic earnings per share decreased by 25.21% to ¥0.1602 in 2022 from ¥0.2142 in 2021[27]. - The net cash flow from operating activities increased significantly by 331.97% to approximately ¥453.69 million in 2022, compared to ¥105.03 million in 2021[26]. - The total assets of the company decreased by 3.62% to approximately ¥3.87 billion at the end of 2022, down from ¥4.01 billion at the end of 2021[26]. Industry Challenges - The wind power industry faced challenges in 2022, with new installed capacity decreasing by 20.9% to 37.63 GW compared to 2021[33]. - The average price of wind turbine units in the domestic market fell by over 20% in 2022 compared to the previous year[33]. - The average price of wind turbine complete sets in 2022 dropped by 25% compared to 2021, leading to a 4.90% decline in casting business revenue to 1.581 billion yuan[34]. - The company is navigating a competitive market environment with ongoing adjustments due to external economic pressures, including inflation and geopolitical factors[33]. Research and Development - The company completed the development of 59 new processes and validated 50, achieving a 90% validation success rate[37]. - The company applied for and received approval for 5 invention patents and 10 utility model patents during the reporting period[37]. - The company established a provincial-level engineering technology research center for wind power metal components, enhancing its R&D capabilities[44]. Corporate Governance - The board of directors consists of 7 members, including 3 independent directors, complying with the guidelines for independent director systems[85]. - The supervisory board has 3 members, including 2 employee supervisors, meeting legal requirements[86]. - The company has established a sound corporate governance structure, ensuring compliance with relevant laws and regulations[84]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with all shareholders[86]. Environmental Responsibility - The company invested approximately 2.186 million RMB in environmental protection funds during the reporting period[130]. - The company received an administrative penalty of 108,400 RMB for failing to control dust and gas emissions from two heating furnaces in its foundry workshop[137]. - The company has implemented measures to reduce carbon emissions, achieving a reduction of 23,906 tons of CO2 equivalent by eliminating high-pollution fuels and equipment[139]. - The company has established a complete and reasonable corporate governance structure and internal control system in compliance with relevant laws and regulations[131]. Shareholder Information - The total number of ordinary shareholders increased to 74,934 by the end of the reporting period, up from 70,822 at the end of the previous month[163]. - The largest shareholder, Bao Shijin, holds 214,849,388 shares, representing 21.98% of the total shares, with 74,850,000 shares pledged[166]. - The company has no strategic investors or general legal entities among the top ten shareholders[169]. - The company has a total of 6,969,724 shares held in a repurchase account, accounting for 0.71% of the total share capital[166]. Management and Personnel - The company has a total of 1,143 employees, with 511 in the parent company and 632 in major subsidiaries[109]. - The professional composition includes 916 production personnel, 101 technical personnel, and 13 sales personnel[109]. - The company has implemented a compensation system based on job value to attract and retain key talent[111]. - The management team has a strong focus on financial oversight and governance, as indicated by the roles of independent directors and the monitoring of financial performance[91].