Suli Co., Ltd.(SH:603585)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was CNY 3,150,170,752.32, representing a 34.16% increase compared to CNY 2,347,993,708.64 in 2021[22]. - The net profit attributable to shareholders for 2022 was CNY 315,311,882.85, a 30.60% increase from CNY 241,432,485.47 in 2021[22]. - The net profit after deducting non-recurring gains and losses was CNY 311,642,772.14, reflecting a 29.45% increase from CNY 240,739,183.90 in 2021[22]. - The cash flow from operating activities for 2022 was CNY 519,443,185.81, which is a significant increase of 79.93% compared to CNY 288,695,478.03 in 2021[22]. - Total assets at the end of 2022 reached CNY 5,314,462,822.42, marking a 37.16% increase from CNY 3,874,747,210.35 at the end of 2021[23]. - The net assets attributable to shareholders increased to CNY 2,616,497,212.89, an 18.52% rise from CNY 2,207,607,292.68 in 2021[22]. - Basic earnings per share increased by 30.60% to CNY 1.75 in 2022 compared to CNY 1.34 in 2021[24]. - Diluted earnings per share rose by 11.19% to CNY 1.49 in 2022 from CNY 1.34 in 2021[24]. - The weighted average return on equity increased by 1.41 percentage points to 12.78% in 2022, up from 11.37% in 2021[24]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 5.50 per 10 shares (including tax) for the 2022 fiscal year[6]. - The company's net profit attributable to ordinary shareholders for the reporting period was approximately 315.31 million RMB, with a dividend payout ratio of 31.40%[173]. - The company has established a three-year dividend return plan (2021-2023) to enhance transparency and sustainability in profit distribution[168]. - The company has implemented a cash dividend policy, stating that cash dividends should not be less than 20% of the distributable profits for the year[164]. - The company plans to prioritize cash dividends, with a minimum of 80% for mature stages without major capital expenditures[164]. Operational Efficiency and Growth - The company achieved a consolidated revenue of 3.15 billion CNY, representing a year-on-year growth of 34.16%, and a net profit attributable to shareholders of 315 million CNY, up 30.60% year-on-year, indicating double growth in both revenue and net profit[35]. - The cash flow from operating activities improved due to growth in sales and profits, reflecting the company's operational efficiency[53]. - The company reported a significant increase in research and development expenses, attributed to enhanced investment in R&D and increased personnel and material costs[53]. - The company has established long-term strategic partnerships with leading clients in the industry, ensuring stable demand for its products[44]. - The company is focused on expanding its agricultural product supply chain and enhancing its operational capabilities in the chemical industry[73]. Market and Product Development - The sales volume of the active ingredient pyraclostrobin significantly increased due to deeper cooperation with strategic customers and a gradual recovery in downstream demand[36]. - The company is exploring the production of different grades of brominated polystyrene to meet diverse market demands, which is expected to enhance profitability as production capacity is gradually released[36]. - The company is focusing on the development of key materials and additives for high-quality chemical fiber, including flame retardants and catalysts, in line with national industrial development plans[41]. - The company is actively developing new, environmentally friendly flame retardants to meet the growing demand in various industries, including the automotive sector[89]. - The company is positioned to benefit from the new opportunities arising from the 5G infrastructure, which requires flame retardant materials for high-frequency PCB circuit boards and optical fibers[85]. Environmental Compliance and Sustainability - The company invested approximately 90.28 million yuan in environmental protection during the reporting period[178]. - The company is committed to environmental compliance and has established a framework for monitoring and reporting emissions[182]. - The company has implemented measures to ensure that emissions of key pollutants such as ammonia nitrogen and total phosphorus remain within regulatory limits[182]. - The company has established a comprehensive waste management system for both hazardous and general solid waste[198]. - The company has implemented new strategies for environmental compliance, including maintaining discharge standards for various pollutants[185]. Corporate Governance - The company has implemented a robust corporate governance structure, ensuring compliance with legal requirements and protecting shareholder rights[133]. - The company emphasizes strict compliance with legal and regulatory requirements for information disclosure, ensuring timely and accurate communication with shareholders[135]. - The company has established specialized committees, including the audit committee and the strategic committee, with specific members assigned[151]. - The company has a diverse board of directors, with members holding various positions and responsibilities[137]. - The company maintains a commitment to transparency and equal opportunity for all shareholders[135]. Research and Development - Research and development expenses increased by 22.34% to CNY 138.23 million, reflecting the company's commitment to innovation[51]. - The company obtained a total of 10 invention patents and 14 utility model patents during the reporting period, reflecting its commitment to R&D innovation[91]. - The company continues to enhance its R&D capabilities through partnerships with leading research institutions, focusing on new product development in pesticides and flame retardants[91]. - The company has a strategic focus on technology innovation, rewarding teams and individuals for advancements in product development and process improvements[160]. - The company employed 293 R&D personnel, which represents 21.58% of the total workforce[64].