JJHB(SH:603279)2023-04-26 16:00Financial Performance - The company achieved operating revenue of CNY 568,214.14 million, an increase of 22.17% compared to the previous year[2]. - Net profit attributable to shareholders reached CNY 83,391.87 million, up 28.89% year-on-year, primarily due to sustained order growth[2]. - The net cash flow from operating activities was CNY 102,281.72 million, representing a 77.24% increase from the previous year[2]. - The gross profit margin improved, leading to a net profit growth rate exceeding that of operating revenue[2]. Research and Development - Research and development expenses totaled CNY 184,885,908.98, accounting for 3.25% of operating revenue[12]. - The company aims to increase its R&D investment to drive innovation and improve the technical level of existing products, targeting a leading position in the global filter equipment manufacturing industry[19]. - The company will focus on the development of filter equipment, particularly filter presses, to enhance its core competitive advantages and sustainable development capabilities[19]. Market Expansion and Strategy - The company plans to focus on becoming a world-leading manufacturer of complete filtration equipment, expanding product varieties and business areas[18]. - The company intends to expand its overseas market presence and enhance brand recognition globally, aiming to establish itself as a world-leading brand in high-end filter equipment[19]. - The company plans to promote the construction of the "Filter Equipment Industrialization Phase I Project" to enhance production capacity and support future growth[19]. Corporate Governance - The company will enhance its internal control and management levels to ensure compliance with corporate governance and protect shareholder rights[19]. - The independent directors constitute one-third of the board, ensuring the protection of minority shareholders' interests[33]. - The company emphasizes strict compliance with information disclosure regulations, ensuring timely and accurate communication with investors[33]. - The company has established specialized committees within the board, including a strategic committee and an audit committee, to enhance decision-making processes[33]. Shareholder Returns - The company has established a profit distribution policy to ensure a scientific, sustainable, and stable shareholder return mechanism, protecting the rights of minority shareholders[55]. - The cash dividend policy is in compliance with the company's articles of association and shareholder resolutions, with clear standards and proportions for dividends[57]. - The company plans to implement a shareholder return plan for the years 2022 to 2024, which was approved in the board meeting[64]. - The company reported a cash dividend amount of 576,682,400 RMB, which represents 69.15% of the net profit attributable to ordinary shareholders in the consolidated financial statements[93]. Employee Management - The total number of employees in the parent company is 5,127, with a combined total of 5,131 employees including major subsidiaries[72]. - The company has implemented a combination of internal and external training programs for employees, focusing on safety, skills, and regulatory training[73]. - The company has established good cooperation with various educational institutions to encourage employee skill enhancement and degree improvement[73]. Environmental Compliance - The company reported a volatile organic compound (VOC) level of 4.18, which is below the limit of 70[101]. - The average emission concentration of sulfur dioxide was 5 mg/m³, well below the standard of 50 mg/m³[100]. - The company has maintained a consistent performance in reducing emissions, with no benzene detected in several tests[101]. - The company is focused on improving its environmental compliance and reducing VOC emissions[105]. Stock Management and Stability - The company has implemented a "Stabilization Plan" for its stock price, effective for 36 months post-IPO, which includes share buybacks by controlling shareholders[131]. - The controlling shareholder, Jingjin Investment Co., Ltd., commits not to transfer or manage its shares for 36 months post-IPO, with a reduction cap of 25% per year after the lock-up period[125]. - The company will initiate a stock price stabilization plan if its stock price falls below the latest audited net asset value per share for 20 consecutive trading days[148]. Audit and Compliance - The internal control audit for the year 2022 received a standard unqualified opinion from the auditing firm[85]. - The company has renewed the appointment of the auditing firm Zhongchao Zhonghuan for the 2022 financial year[198]. - The audit committee is chaired by an independent director, ensuring oversight and accountability in financial reporting[67].