Taihe Intelligent(SH:603656)2023-04-26 16:00Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, resulting in a total cash dividend of RMB 18,182,019.30 (including tax) based on a distribution base of 181,820,193 shares[6]. - The cash dividend payout ratio for the year is 84.32%[6]. - As of December 31, 2022, the company's distributable profit was RMB 522,340,978.78[6]. - The company has established a cash dividend policy that prioritizes cash dividends, with a minimum distribution of 20% of the distributable profit when conditions are met[151]. - The company’s cash dividend policy is designed to protect the rights of shareholders, especially minority investors, and is based on the company's operational performance and future development needs[150]. - The company has not proposed a cash profit distribution plan for the reporting period despite having positive distributable profits, which is not applicable[156]. Financial Performance - The company's operating revenue for 2022 was CNY 479,346,811.28, a decrease of 7.56% compared to CNY 518,571,777.17 in 2021[24]. - The net profit attributable to shareholders of the listed company in 2022 was CNY 21,563,193.50, down 43.85% from CNY 38,404,699.89 in 2021[24]. - The net cash flow from operating activities improved significantly to CNY 58,353,875.06 in 2022, compared to a negative cash flow of CNY -10,606,641.94 in 2021, marking a 650.16% increase[25]. - Total assets increased by 5.60% to CNY 1,326,227,415.14 at the end of 2022, up from CNY 1,255,910,199.85 at the end of 2021[25]. - Basic earnings per share decreased to CNY 0.14 in 2022, down 46.15% from CNY 0.26 in 2021[26]. - The weighted average return on net assets was 2.20% in 2022, a decrease of 1.73 percentage points from 3.93% in 2021[26]. - The company reported a significant decline in net profit due to a large government compensation received in 2021 from the demolition of an old factory[26]. - Total profit amounted to CNY 22.59 million, down 43.88% year-on-year[67]. - The company’s equity attributable to shareholders decreased by 1.57% to CNY 979.47 million[67]. Research and Development - The company has made significant advancements in research and development, including the development of new technologies such as the sixth-generation infrared technology and high-spectral technology[37]. - R&D expenditures for the years 2020, 2021, and 2022 were CNY 55.28 million, CNY 64.26 million, and CNY 55.09 million, representing 11.64%, 12.39%, and 11.49% of revenue respectively, indicating a consistent commitment to innovation[58]. - The company continues to strengthen its R&D efforts to maintain technological leadership and create new value in the industry[38]. Market and Product Development - The company plans to continue its market expansion and product development strategies to improve future performance[27]. - The company achieved the development of over ten new products in the fields of agricultural products, fruits and vegetables, and recycling resources, focusing on AI and various materials[37]. - The company’s second-generation vertical coal sorting machine has established a technological gap with competitors, positioning it as a key growth point in the ore sorting sector[35]. - The company secured sales orders totaling 79.716 million yuan for its intelligent dry coal selection machines, marking a significant step in its strategic development direction[35]. - The company is focusing on intelligent dry coal sorting technology, which offers advantages such as waterless processing and high sorting precision, aligning with national carbon neutrality goals[45]. Risk Management - The company has outlined potential risks in its future development discussions[11]. - The company faces market competition risks, including potential price declines and increased order acquisition pressure due to intensified competition in the intelligent detection and sorting equipment industry[116]. - The company is at risk of technological obsolescence as more domestic and international competitors enter the market and invest in technology[117]. - The company may encounter management risks as it optimizes its industrial structure and expands its operational scale[118]. - The company is exposed to exchange rate risks due to its significant export business, primarily settled in USD, which could lead to foreign exchange losses[120]. Corporate Governance - The board of directors has ensured the authenticity, accuracy, and completeness of the annual report[4]. - The company has established specialized committees, including audit, nomination, compensation, and strategy committees[141]. - The company actively engages with investors through various channels, enhancing transparency and communication[126]. - The company maintains a strict separation from its controlling shareholders, ensuring independent operations with a complete supply, production, and sales system[127]. - The company has established an independent financial department with a dedicated accounting system and management practices, ensuring autonomous financial decision-making[127]. Environmental Commitment - The company invested ¥917.1 million in environmental protection during the reporting period[165]. - The company achieved a purification efficiency of approximately 98% for drying waste gas and welding waste gas, meeting national standards[166]. - The company has implemented measures to reduce carbon emissions, focusing on energy-saving technologies and green development strategies[169]. Employee Management - The company has a total of 984 employees, with 677 in the parent company and 307 in major subsidiaries[147]. - The employee composition includes 297 production personnel, 187 sales personnel, 347 technical personnel, 15 financial personnel, and 138 administrative personnel[147]. - The company’s training program combines internal and external training to enhance employee skills and management levels[149]. Related Party Transactions - The company engaged in related party transactions with a total amount of 2,000,000 RMB for processing fees and 200,000 RMB for raw material purchases, adhering to market pricing principles[187]. - The company acquired an 11% stake in Zhuohai Intelligent Technology Group for 33 million RMB, which constitutes a related party transaction due to the involvement of a company director[189]. - The company approved the leasing of part of its factory to related parties, generating rental income of 1,258,550.22 RMB from Anhui Alpha Automotive Parts Co., Ltd. from December 1, 2022, to November 30, 2025[192]. Financial Management - The company has engaged in various entrusted financial management activities, with a total amount of RMB 3,000 million for a principal-protected minimum return type, yielding an annualized return of 3.74% and a total expected return of RMB 29.20 million, all of which has been recovered[197]. - The company has consistently achieved returns above 3% across various entrusted financial management products, indicating a stable investment strategy[197].