HSPC(SH:603353)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was CNY 3,994,040,049.35, representing a year-on-year increase of 1.55% driven by a 13.87% growth in retail revenue due to an increase in gas station locations[28]. - Net profit attributable to shareholders increased by 13.23% to CNY 103,557,449.75, primarily due to the growth in gas station retail business and an increase in gross profit margin[29]. - The net cash flow from operating activities improved significantly, reaching CNY 126,789,862.41, a 260.12% increase compared to the previous year[28]. - The company reported a basic earnings per share of CNY 0.60, up 13.21% from CNY 0.53 in 2021[28]. - The weighted average return on equity increased to 6.14%, up 0.59 percentage points from the previous year[28]. - Total assets decreased by 1.44% to CNY 2,328,579,874.65 as of the end of 2022[28]. - Non-recurring gains and losses amounted to CNY 16,620,163.74 for the year, with a significant portion attributed to asset disposal gains and government subsidies[36]. Cash Dividend and Share Repurchase - The company plans to distribute a cash dividend of 2 RMB per 10 shares, totaling 34,112,720 RMB, which accounts for 32.94% of the net profit attributable to shareholders for 2022[7]. - The total amount spent on share repurchases in 2022 was 52,730,854.26 RMB, which combined with the cash dividend results in a total cash distribution of 86,843,574.26 RMB, representing 83.86% of the net profit attributable to shareholders[8]. - The company has not proposed any stock dividends or capital reserve transfers in its profit distribution plan[7]. - The cash dividend policy stipulates that at least 20% of the distributable profit must be allocated as cash dividends each year[127]. - The company has established a sustainable and diversified return mechanism for investors, balancing reasonable returns with sustainable development[126]. - The company has a comprehensive decision-making process for its cash dividend policy, ensuring clarity and compliance with regulations[130]. Operational Developments - The company has expanded its operations into Guangdong and Sichuan provinces, establishing wholly-owned subsidiaries to enhance its market presence[48]. - The company launched 7 marketing activities, engaging over 2.8 million customers, to boost oil product sales[44]. - The company achieved operating revenue of 3,994.04 million yuan in 2022, a year-on-year increase of 1.55%, with retail revenue of 2,049.44 million yuan and wholesale revenue of 1,909.40 million yuan[42]. - The company’s retail sales volume for refined oil reached 216,500 tons, while wholesale sales volume was 257,000 tons[42]. - The company’s logistics capabilities were improved with the operation of the Tongguan Trading Center, enhancing storage and turnover capacity, which supports its wholesale and retail business growth[50]. Risk Management - The company reported that there were no significant risks affecting its operations during the reporting period[11]. - The company has detailed its potential risks and countermeasures in the management discussion section of the report[11]. - The company faces risks related to international oil price volatility, which could affect the domestic refined oil wholesale market and lead to potential inventory losses[98]. Governance and Compliance - The company’s financial report received a standard unqualified audit opinion from Rongcheng Accounting Firm[6]. - The company has confirmed that all board members attended the board meeting, ensuring accountability for the report's accuracy[5]. - The company is committed to maintaining a strong governance structure in compliance with relevant laws and regulations, ensuring the protection of investor interests[102]. - The company has not faced any penalties from securities regulatory agencies in the past three years, indicating compliance with regulations[112]. Employee Development - The company organized 41 training sessions for employees, with over 1,200 participants, to enhance service quality and customer satisfaction[43]. - The company has established a detailed onboarding training management system for new employees, which has received positive feedback since its implementation[124]. - The company plans to enhance its competitive capabilities through a diverse training program in 2023, focusing on various employee skill sets and specific job-related training[125]. Community Engagement - The company invested a total of 4.3657 million yuan in poverty alleviation and rural revitalization projects, benefiting 50 individuals through direct financial assistance to impoverished students[142]. - The company has helped impoverished farmers generate revenue of 1,250.37 million yuan through the sale of specialty agricultural products since 2019[143]. - The company provided 250,000 yuan in financial assistance to impoverished students to support their education[144]. Shareholder Information - The largest shareholder, Hunan Heshun Investment Development Co., Ltd., holds 72,371,000 shares, accounting for 41.74% of the total shares[184]. - The second largest shareholder, Yan Ximing, holds 24,271,000 shares, representing 14.00% of the total shares[184]. - The company has repurchased a total of 2,830,400 shares, which is 1.63% of the total share capital[185]. - The company plans to repurchase between 1.71 million and 2.98 million shares, representing approximately 0.99% to 1.72% of the total share capital[195].