HMT(SH:603306)2023-03-20 16:00Dividend Distribution - The company plans to distribute a cash dividend of 1.87 RMB per 10 shares, totaling approximately 59.55 million RMB, subject to shareholder approval[5]. - The proposed cash dividend for 2022 is CNY 1.87 per 10 shares, totaling CNY 59,546,289.57[132]. - The cash dividend for 2021 was CNY 1.148 per 10 shares, amounting to CNY 35,211,181.17, which represents 19.99% of the net profit attributable to ordinary shareholders[137]. - The cash dividend for 2020 was CNY 1.311 per 10 shares, totaling CNY 40,475,841.01[131]. - The cash dividend for 2019 was CNY 4.5 per 10 shares, amounting to CNY 139,758,617.70[130]. - The company has not proposed any adjustments to its cash dividend policy[133]. - The company has confirmed that the dividend standards and procedures comply with its articles of association and shareholder resolutions[134]. - The company plans to distribute at least 10% of the annual distributable profit in cash dividends each year from 2022 to 2024[128]. - In mature stages without significant capital expenditure, cash dividends should constitute at least 80% of the profit distribution[126]. - In mature stages with significant capital expenditure, cash dividends should constitute at least 40% of the profit distribution[126]. - In growth stages with significant capital expenditure, cash dividends should constitute at least 20% of the profit distribution[126]. - The board must consider industry characteristics, development stages, and profitability when proposing differentiated cash dividend policies[129]. - The company will actively communicate with shareholders, especially minority shareholders, before the cash dividend proposal is reviewed[130]. - The board's profit distribution policy must be approved by a majority of directors and two-thirds of independent directors[130]. - The company may propose stock dividends if rapid revenue growth occurs and stock prices do not align with capital scale[130]. - The company will disclose reasons for not proposing cash distributions or if distributions are below 30% of the distributable profit in regular reports[129]. Financial Performance - The company achieved operating revenue of RMB 1.637 billion in 2022, a year-on-year increase of 35.75%[20]. - Net profit attributable to shareholders reached RMB 198.46 million, up 12.68% from the previous year[20]. - The net profit after deducting non-recurring gains and losses was RMB 147.27 million, reflecting an 11.46% increase year-on-year[20]. - Total assets grew to RMB 3.784 billion, representing a 21.52% increase compared to the end of the previous year[20]. - The net assets attributable to shareholders increased to RMB 3.142 billion, an 18.05% rise from the previous year[20]. - Basic earnings per share rose to RMB 0.645, a 12.96% increase compared to 2021[21]. - The company's main business revenue reached CNY 1.606 billion, an increase of 39.40% year-on-year, achieving 123.54% of the annual operating plan[57]. - The gross profit margin decreased by 2.00 percentage points to 31.77% due to significant increases in raw material prices, particularly oil[58]. - The company's gross profit margin was impacted by a 44.80% increase in operating costs, primarily due to rising raw material prices[52]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[4]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[7]. - The company has stated that there are no violations of decision-making procedures regarding external guarantees[7]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[8]. - The company has established a robust information disclosure system, ensuring timely and accurate reporting to all stakeholders[95]. - The company has not faced any penalties from regulatory authorities in the past three years[105]. - The independent directors have maintained their ability to make unbiased decisions, ensuring that their opinions are not influenced by major shareholders[94]. - The company strictly adheres to corporate governance regulations, ensuring compliance with the Company Law and Securities Law, thereby protecting shareholder interests[93]. Research and Development - The company’s R&D expenses increased by 42.84% to 81.66 million RMB, reflecting a commitment to innovation and meeting customer demands[52]. - The company has developed nearly 70 types of photoresist monomers, with 20 new monomers developed in 2022, including 13 types of ArF photoresist monomers[36]. - The company has expanded its product line in the photoresist business, with 26 ArF photoresist products applicable to 14-90nm process nodes, and 30 KrF photoresist products applicable to 14-180nm process nodes[34][35]. - The company established a wholly-owned subsidiary for new materials research, aiming to industrialize existing technological achievements and reserve new technologies[83]. - The company is committed to deepening its layout in new materials R&D and expanding international business[83]. Market Expansion and Strategy - The company plans to expand its product strategy towards high-end, domestic, and new energy directions, with significant growth in sales from new energy vehicle clients[31]. - The company reported a significant quarterly revenue milestone, exceeding RMB 500 million in Q4 2022, driven by policy incentives and increased production for new energy vehicle clients[27]. - The company's international business in Vietnam achieved a sales revenue of approximately RMB 105 million, representing a year-on-year growth of 96.04%, with a profit of approximately RMB 17.05 million, up 406.90%[33]. - The company plans to invest a total of RMB 487.61 million in upgrading its Vietnam production base to a complete process safety airbag bag production line, with an initial investment of USD 7.5 million already in place[33]. - The company is actively pursuing the issuance of convertible bonds to support business development[87]. - The company plans to issue convertible bonds to raise no more than RMB 1.05 billion, primarily for the construction of its Vietnam production base and other projects[38]. - The company is increasing investment in its subsidiary in Vietnam[106]. Risk Management - The company emphasizes that forward-looking statements do not constitute a commitment to investors, highlighting investment risks[6]. - The company has detailed risk factors in the management discussion and analysis section of the report[7]. - The company faces risks related to product quality issues that could lead to significant losses and recalls[89]. - The company is addressing potential risks from intensified market competition and the concentration of major customers[90]. - The company aims to enhance cost management and control to address uncertainties in raw material prices[86]. Corporate Governance - The annual shareholders' meeting held on May 19, 2022, approved all proposed resolutions, demonstrating effective governance practices[96]. - The total remuneration for the independent directors during the reporting period was 11.90 million yuan each, reflecting their commitment to governance[99]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 7.4963 million yuan[104]. - The company has established a compensation scheme for directors, supervisors, and senior management based on local labor market levels and company performance[103]. - The company has a performance-based incentive system for directors and senior management, which is linked to their actual operational performance[103]. - The company has a diverse board with members holding various positions in other organizations, indicating a broad network and expertise[102]. - The company has established a remuneration and assessment committee to oversee compensation matters[103]. Social Responsibility - The company invested ¥892.59 million in environmental protection during the reporting period[145]. - The company generated 78.6 million KWH from its distributed photovoltaic power station, which was connected to the grid in August 2022[148]. - The company reduced carbon emissions by 554 tons through the implementation of clean energy initiatives[149]. - Total donations for social responsibility projects amounted to ¥94.35 million, including cash donations and material contributions[151]. - The company contributed ¥50.52 million towards poverty alleviation and rural revitalization projects, benefiting approximately 54,600 individuals[152]. - The third rural public library "Reading Enjoyment" was established in Sanya, Hainan, with a total investment of CNY 68,559.96, housing 1,853 books[153]. - The library aims to serve over 32,000 local students and residents, promoting lifelong learning and rural revitalization[153]. - The fourth rural library in Shaxi was completed in December 2022, with a total donation of CNY 104,370.75 and 1,400 books procured[154]. Wealth Management - The company has invested a total of RMB 532,950,000 in bank wealth management products using its own funds, with an overdue uncollected amount of RMB 50,000,000[177]. - The company engaged in multiple wealth management entrustments totaling RMB 250 million, with annualized returns ranging from 1.13% to 3.24%[181]. - The highest annualized return achieved was 3.24%, resulting in an actual return of RMB 111,712.47 from a RMB 40 million investment[181]. - The company successfully recovered all invested amounts across all wealth management products, confirming compliance with legal procedures[181]. - The company plans to continue its wealth management strategies in the future, indicating ongoing investment activities[181]. - The company diversified its investment portfolio across different banks, including Industrial Bank, CITIC Bank, and China Construction Bank[181]. Shareholder Structure - The company's total share capital increased from 307,019,706 shares to 320,541,556 shares, reflecting an increase of 4.5%[196]. - The earnings per share (EPS) decreased from 0.673 CNY to 0.645 CNY, a decline of approximately 4.2% due to the increase in total shares[196]. - The net asset value per share decreased from 10.23 CNY to 9.80 CNY, a reduction of about 4.2%[196]. - The largest shareholder, Dongyang Huasheng Enterprise Management Partnership, held 15.36% of shares, totaling 49,228,260 shares[200]. - The second-largest shareholder, Ningbo Xindian Jishi Investment Management Partnership, held 5.91% of shares, totaling 18,956,790 shares[200]. - The company had a total of 13,521,850 shares transferred through incentive mechanisms during the reporting period[195]. - The number of shares held by the top ten shareholders accounted for a significant portion of the total shares, indicating concentrated ownership[200].