hailir(SH:603639)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 reached ¥4,534,999,014.48, representing a 22.60% increase compared to ¥3,698,878,563.93 in 2021[24]. - The net profit attributable to shareholders for 2022 was ¥460,009,892.48, a 2.28% increase from ¥449,745,299.66 in 2021[24]. - The net cash flow from operating activities increased by 58.45% to ¥694,685,709.15 in 2022, up from ¥438,414,771.60 in 2021[25]. - Total assets at the end of 2022 were ¥5,837,602,158.84, a 13.57% increase from ¥5,140,249,797.15 at the end of 2021[25]. - The basic earnings per share for 2022 was ¥1.35, slightly up from ¥1.33 in 2021, marking a 1.50% increase[26]. - The diluted earnings per share also stood at ¥1.35 for 2022, consistent with the previous year[26]. - The weighted average return on equity decreased to 14.83% in 2022 from 15.93% in 2021, a reduction of 1.10 percentage points[26]. - The net assets attributable to shareholders increased to ¥3,211,952,919.85 at the end of 2022, a 5.65% rise from ¥3,040,203,246.83 at the end of 2021[25]. Dividend Policy - The company plans to distribute a cash dividend of 10 CNY per 10 shares to all shareholders, subject to approval at the shareholders' meeting[6]. - The total cash dividend amount for the fiscal year is 340,230,446.00 RMB, which represents 73.96% of the net profit attributable to ordinary shareholders in the consolidated financial statements[198]. - The company has a fixed cash dividend policy, distributing at least 10% of the distributable profits in a single fiscal year, with higher percentages based on the company's development stage and capital expenditure plans[193][194]. Risk Management - The company reported no significant risks that could materially affect its operations during the reporting period[8]. - The company has a comprehensive risk management strategy in place to address potential operational risks[8]. - The company faces risks related to safety production and environmental protection, particularly due to the nature of its chemical products[150]. - The company is addressing the volatility of raw material prices and production instability by increasing investment in technological upgrades and monitoring raw material price trends[152]. - The company is enhancing procurement strategies to mitigate risks associated with upstream raw material supply and price fluctuations[153]. Research and Development - The company is focused on expanding its market presence and enhancing its research and development capabilities for new products[18]. - Research and development expenses increased by 43.31% to CNY 234,055.75 million, reflecting a focus on new project development[64]. - The company is committed to increasing R&D investment to develop differentiated, environmentally friendly pesticide formulations to combat market competition[155]. - The company aims to enhance its R&D capabilities, aiming to build a first-class R&D team and develop forward-looking new compounds[139]. - The company has filed over 80 patents and 104 trademarks, receiving the highest honor for intellectual property management from the state[101]. Market Expansion - The company is actively exploring international markets to mitigate risks and create new growth points through diversified product offerings[44]. - The company is expanding its overseas market presence, having obtained nearly 1,800 product registration certificates in over 30 countries, including Paraguay and Egypt[60]. - The company is focusing on international market expansion, enhancing brand effect, and improving sales channels for self-produced raw materials and strategic products[147]. Production and Operations - The company produced 48,047.32 tons of pesticides, with a sales volume of 46,912.43 tons, indicating a production increase of 7.42%[69]. - The company has ongoing projects expected to complete by December 2023 and 2027, including a 20,000-ton and a 50,000-ton pesticide formulation project[114]. - The design capacity for pesticide production is 80,400 tons, with a current utilization rate of 60%[114]. - The company has completed the trial production of a new 3,000-ton pesticide project, with ongoing adjustments and upgrades to production processes[115]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations to protect shareholder rights[160]. - The board of directors consists of 9 members, including 3 independent directors, meeting the requirement of at least one-third independence[161]. - The company has a total of 8 independent directors, contributing to governance and oversight[169]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 607.81 million yuan[175]. Employee Management - The total number of employees in the parent company is 596, while the total number of employees in major subsidiaries is 2,296, resulting in a combined total of 2,892 employees[189]. - The company has implemented a stock incentive policy to share the results of corporate development with employees[190]. - The company maintains a salary policy that emphasizes strategic orientation, internal fairness, and external competitiveness[190]. - The company has implemented a talent training program, focusing on new employees and key positions, to enhance professional skills and career development[191].