JHM(SH:603078)2023-04-09 16:00Financial Performance - The company achieved operating revenue of ¥939.16 million in 2022, an increase of 18.56% compared to ¥792.14 million in 2021[25]. - Net profit attributable to shareholders reached ¥105.78 million, representing an 87.19% increase from ¥56.51 million in the previous year[25]. - Basic earnings per share rose to ¥0.4096, up 84.67% from ¥0.2218 in 2021[24]. - The weighted average return on equity increased to 9.68%, up 4.69 percentage points from 4.99% in 2021[24]. - The company's gross profit margin improved to 27.75%, an increase of 5.60 percentage points year-on-year[31]. - The net cash flow from operating activities was ¥122.45 million, a significant recovery from a negative cash flow of ¥49.31 million in 2021[25]. - The total assets grew to ¥2.88 billion, a 28.27% increase from ¥2.25 billion at the end of 2021[25]. - The company’s net assets attributable to shareholders increased by 41.88% to ¥1.64 billion from ¥1.16 billion in 2021[25]. - The company achieved a sales revenue of 533.83 million yuan for functional chemical products in 2022, with a gross margin of 29.01%, an increase of 5.3 percentage points compared to 2021[50]. Dividend and Capital Management - The company plans to distribute a cash dividend of 0.70 CNY per 10 shares, totaling 20,765,082.59 CNY (including tax) to shareholders[7]. - The company will increase its capital reserve by issuing 3 additional shares for every 10 shares held, resulting in a total of 88,993,211 new shares, bringing the total share capital to 385,637,248 shares[7]. - The company has not proposed any stock bonuses for the current year[7]. - The company’s cash dividend policy allows for a minimum of 80% cash distribution in mature stages without major expenditures, and 40% if there are significant cash outflows[163]. - The board of directors must consider the company's sustainable operation capability and investor returns when proposing profit distribution plans[165]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding future plans and development strategies, advising investors to be cautious[8]. - The company has detailed potential industry and operational risks in the report, which can be found in the section discussing "possible risks"[9]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[9]. - The company has not violated any decision-making procedures regarding external guarantees[9]. - The company has implemented a robust governance structure in compliance with relevant laws and regulations, ensuring equal treatment of all shareholders[129]. - The company has a dedicated investor relations management system to enhance communication with investors and protect their rights[130]. Research and Development - The company focused on R&D and innovation, successfully being recognized as a "Little Giant" enterprise by the Ministry of Industry and Information Technology in 2021[31]. - The company has a professional R&D team of over 90 people and holds 128 patents, including 44 invention patents, indicating strong research capabilities in the wet electronic chemicals sector[49]. - The company is committed to developing green products, focusing on high-performance resins and electronic chemicals[80]. - The company is focusing on R&D in four main areas, including international technology trends, market-driven product development, forward-looking independent R&D, and industry-university-research cooperation[86]. Market and Industry Position - The company specializes in the R&D, production, and sales of ultra-pure reagents and photoresist supporting reagents, positioning itself as a leading enterprise in the domestic wet electronic chemicals industry[42]. - The domestic market for wet electronic chemicals has seen significant growth, with over 50% user coverage in the semiconductor sector[37]. - The projected demand for wet electronic chemicals is expected to grow to 3.6956 million tons by 2025, driven by the continuous development of integrated circuits, display panels, and solar photovoltaic fields[41]. - The company is positioned in the first tier of domestic wet electronic chemical enterprises, having broken the technical monopoly of multinational companies[112]. Environmental Responsibility - The company invested 2.1206 million yuan in environmental protection during the reporting period[176]. - The company achieved zero discharge of nitrogen and phosphorus wastewater and calcium fluoride sludge, with all other wastewater meeting discharge standards[179]. - The company has committed to maintaining strict compliance with environmental laws and regulations, ensuring no violations occurred during the reporting period[187]. - The company has established various management systems to regulate waste treatment and environmental protection during production processes[183]. Corporate Governance - The company has established a complete independent labor, personnel, and compensation management system, ensuring independence from its controlling shareholder[132]. - The company maintains an independent financial department and accounting system, ensuring financial independence from its controlling shareholder[132]. - The company has appointed new independent directors and supervisors, enhancing its governance structure[136]. - Jianghuai Microelectronics has established a sound corporate governance structure with independent and complete organizational institutions[133]. Future Outlook - The company plans to enhance customer development and sales in the semiconductor and flat panel display sectors[31]. - Future guidance indicates a projected revenue growth of 5% for the next fiscal year, driven by new product launches and market expansion strategies[137]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the industry[137]. - The company aims to improve operational efficiency by implementing new technologies, targeting a cost reduction of 10% in the next fiscal year[137].