zhenhua chemical(SH:603067)2023-03-30 16:00Financial Performance - The company's operating revenue for 2022 was CNY 3,533,800,546.53, representing an 18.06% increase compared to CNY 2,993,229,140.68 in 2021[27]. - Net profit attributable to shareholders for 2022 was CNY 416,969,678.03, a 34.22% increase from CNY 310,669,589.76 in 2021[27]. - The basic earnings per share for 2022 was CNY 0.83, up 31.75% from CNY 0.63 in 2021[28]. - The total assets at the end of 2022 were CNY 3,981,262,232.97, a 12.70% increase from CNY 3,532,775,476.07 at the end of 2021[27]. - The cash flow from operating activities for 2022 was CNY 490,978,501.71, reflecting a 20.35% increase from CNY 407,943,586.11 in 2021[27]. - The company achieved operating revenue of 3.53 billion RMB in 2022, an increase of 18.06% year-on-year, and a net profit attributable to shareholders of 417 million RMB, up 34.22% year-on-year[56]. - The total assets of the company reached 3.98 billion RMB at the end of 2022, growing by 12.70% year-on-year, while the equity attributable to shareholders increased by 16.56% to 2.52 billion RMB[56]. Dividend and Shareholder Value - The company plans to distribute a cash dividend of 2.07 CNY per 10 shares, totaling 105,366,346.36 CNY, which represents 25.27% of the net profit attributable to shareholders for the year[7]. - The company emphasizes the importance of maintaining shareholder value, particularly for small and medium investors, through its profit distribution strategy[7]. - The cash dividend for the reporting period is CNY 93,548,574.55, which represents 30.11% of the net profit attributable to ordinary shareholders in the consolidated financial statements[183]. - The company has established a cash dividend policy that respects and protects shareholder interests, ensuring a scientific, sustainable, and stable return mechanism[180]. Market Position and Operations - The company is the largest and most comprehensive producer of chromium chemicals and vitamin K3 globally, indicating strong market positioning[7]. - The company is engaged in the research, production, and sales of chromium chemicals and related products, highlighting its focus on core business development[7]. - The company is the largest producer of chromium salts globally and has the highest production capacity for Vitamin K3[50]. - The company has established a unique "full-process circular economy and resource utilization system" in the chromium salt industry, enhancing its competitive edge[48]. - The company has successfully integrated its production bases in Hubei and Chongqing, optimizing product transportation and reducing costs[50]. Research and Development - The company applied for 9 patents through its subsidiary, showcasing its technological capabilities and market potential despite a downturn in the lithium battery electrolyte market[39]. - The company has applied for a total of 118 patents, with 68 granted, including 47 invention patents and 17 utility model patents[104]. - The company’s R&D expenses rose by 28.49% to 106 million RMB, reflecting a commitment to innovation and product development[58]. - The company has established a research reward fund to incentivize technical personnel for significant contributions to innovation[102]. Environmental and Sustainability Initiatives - The company emphasizes clean production technologies and has developed unique capabilities in comprehensive utilization of chromium-containing waste[44]. - The company is committed to advancing its green manufacturing capabilities and resource utilization efficiency as part of its long-term strategy[88]. - The company has implemented a comprehensive waste management strategy, including the treatment and storage of chromium-containing waste[197]. - The company reported no exceedance of emission standards for SO2, NOx, and particulate matter in its waste gas emissions[192]. Governance and Compliance - The board of directors has confirmed that all members attended the board meeting, ensuring governance and oversight[5]. - The company has implemented a governance structure that includes a board of directors and supervisory board to ensure compliance with legal requirements[151]. - The company will continuously optimize its corporate governance structure to further protect the rights and interests of investors, especially small and medium-sized investors[153]. - The company has received a standard unqualified opinion on its internal control audit for the 2022 financial report[190]. Strategic Investments and Future Plans - The company aims to achieve a revenue target of CNY 3.92 billion and a net profit of CNY 480 million in 2023, indicating a focus on growth and profitability[137]. - The company plans to enhance its supply chain and resource allocation, with an automated sorting device for chromium ore expected to be operational in the first half of 2023[133]. - The company is actively exploring opportunities in the new energy long-duration storage sector, with its flow battery electrolyte products entering engineering practice and commercialization[54]. - The company will issue convertible bonds to support its expansion into emerging markets and optimize by-product value[139].