鼎际得(603255) - 2022 Q4 - 年度财报

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 110,109,653.20 for the year 2022, representing a profit distribution ratio of 9.09%[6]. - The company's operating revenue for 2022 was RMB 899,787,634.63, representing a 21.80% increase compared to RMB 738,723,057.06 in 2021[26]. - The net profit attributable to shareholders of the listed company decreased by 18.27% to RMB 110,109,653.20 in 2022 from RMB 134,715,848.12 in 2021[27]. - The basic earnings per share for 2022 was RMB 0.99, down 26.67% from RMB 1.35 in 2021[28]. - The total assets of the company increased by 50.27% to RMB 1,761,650,176.07 in 2022 from RMB 1,172,297,682.30 in 2021[27]. - The weighted average return on equity decreased to 10.87% in 2022 from 20.25% in 2021, a decline of 9.38 percentage points[28]. - The cash flow from operating activities net amount was RMB 37,963,001.67, a significant decrease of 64.04% compared to RMB 105,569,767.99 in 2021[27]. - The company's net assets attributable to shareholders of the listed company increased by 104.43% to RMB 1,506,959,021.52 in 2022 from RMB 737,136,931.01 in 2021[27]. Profit Distribution - The proposed cash dividend is RMB 0.075 per share, totaling approximately RMB 10,010,000.025 based on a total share capital of 13,346.6667 million shares[6]. - As of December 31, 2022, the company's distributable profits amounted to RMB 443,645,808.64[6]. - The board of directors has approved the profit distribution proposal, pending shareholder meeting approval[7]. - The company emphasizes the importance of balancing investor interests with long-term development strategies in its profit distribution plan[7]. - The company has a cash dividend policy that mandates a minimum of 10% of distributable profits to be distributed as cash dividends, with higher percentages based on development stage and capital expenditure plans[135]. - The company emphasizes a stable cash dividend distribution policy, with a minimum of 80% cash dividends for mature stages without major capital expenditures[135]. Risk Management - The report includes a risk statement indicating potential risks related to future plans and development strategies[8]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[9]. - There are no violations of decision-making procedures regarding external guarantees[10]. - The company is addressing the increasing demand for high-efficiency catalysts and additives to improve production rates and product stability[98]. - The company faces significant market risks due to product price fluctuations, as the pricing is primarily based on downstream market supply and demand conditions[103]. - The main raw materials, including titanium tetrachloride, hexane, phenol, and isobutylene, account for over 70% of the cost, making the company vulnerable to raw material price volatility[104]. Operational Developments - The company plans to continue expanding its market presence and invest in new product development to enhance competitiveness[1]. - The company plans to expand its polyolefin catalyst production capacity from 225 tons to 475 tons, with the new capacity focusing on fifth-generation catalysts[42]. - The company initiated a high-end polyolefin (POE) project with a total construction scale of 400,000 tons of POE and 300,000 tons of α-olefins, marking its entry into the new materials sector[43]. - The company is actively expanding its market presence and product offerings through strategic investments and partnerships[90]. - The company plans to invest in a high-end POE new materials project with a total construction scale of 400,000 tons/year for POE joint devices, 300,000 tons/year for α-olefins, and 250,000 tons/year for carbonate devices over a total period of 5 years[102]. Research and Development - The retained earnings will primarily support daily operational needs, technology research and development, new project construction, and future investment planning[7]. - Research and development expenses rose by 33.03% to 24,098,802.82 CNY, reflecting the company's commitment to increasing R&D investment[52]. - The company has maintained a strong focus on R&D, collaborating with well-known research institutions to enhance its technological capabilities and product development[80]. - The total R&D expenditure for the current period is ¥24,098,802.82, which represents 2.68% of the operating revenue[62]. - The company has 87 R&D personnel, accounting for 10.64% of the total workforce[63]. Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The company is committed to maintaining compliance with regulatory requirements and enhancing transparency in financial reporting[1]. - The company has established an internal control system that meets operational needs, with no significant defects found in financial reporting during the reporting period[144]. - The company is committed to improving its governance structure and investor relations to enhance operational transparency and compliance with regulatory standards[106]. - The company has set up specialized committees under the board, including the Audit Committee and the Strategic Committee, to enhance governance[125]. Market Position and Strategy - The company maintains a stable customer base, primarily consisting of large state-owned enterprises and listed companies, enhancing its competitive advantage[49]. - The demand for polyolefin catalysts and chemical additives is expected to grow alongside downstream industry expansion, with a focus on high-performance products[45]. - The company has developed a comprehensive product system with 24 types of catalysts and 7 types of antioxidants, positioning it as a leading supplier in the industry[48]. - The company is positioned to benefit from the ongoing shift towards high-quality development in the chemical industry, driven by major projects and technological advancements[44]. - The company is focusing on technological innovation and product development to improve production efficiency and reduce costs, aligning with international standards[101]. Employee and Management - The company has a total of 818 employees, with 565 in production, 34 in sales, 80 in technology, 15 in finance, and 124 in administration[131]. - The company has implemented a salary management system that aligns employee compensation with company performance and market competitiveness[133]. - The company has a training program in place to enhance employee skills and ensure safety and risk management[134]. - The company’s management team has extensive experience in the industry, with key members having served in various capacities for over a decade[114]. Environmental and Social Responsibility - The company invested 1,435.93 million RMB in environmental protection during the reporting period[148]. - The company invested a total of 1 million yuan in public welfare projects during the reporting period[152]. - The company provided 1 million yuan in donations specifically for charitable contributions[152]. - The company recognizes the importance of environmental sustainability and aims to adopt eco-friendly production processes and materials[98]. Shareholder Commitments - The company has commitments related to share restrictions and voluntary lock-up arrangements, with a commitment period extending to 36 months from August 18, 2022[154]. - The company has made commitments related to the repurchase of shares in case of fraudulent issuance, with a long-term commitment[157]. - The company commits to not transferring or entrusting the management of its shares for 36 months from the date of listing[158]. - The company will ensure compliance with laws regarding shareholder equity changes and will return any illegal gains from share reductions to the company[159]. - The company will publicly disclose any violations of commitments and the reasons for such violations[185].