JAHB(SH:603822)2023-04-20 16:00Financial Performance - In 2022, the company achieved operating revenue of RMB 3,211,456,108.46, representing a 67.59% increase compared to RMB 1,916,223,503.50 in 2021[22] - The net profit attributable to shareholders of the listed company was -RMB 32,440,095.71, a decrease of 131.79% from RMB 102,057,461.61 in the previous year[22] - The company's cash flow from operating activities was -RMB 297,736,522.88, a decline of 861.83% compared to RMB 39,081,740.74 in 2021[23] - Total assets at the end of 2022 reached RMB 2,978,949,855.97, an increase of 20.99% from RMB 2,462,166,561.49 at the end of 2021[23] - The company's net assets attributable to shareholders increased by 15.85% to RMB 1,046,842,703.76 from RMB 903,655,425.55 in the previous year[23] - The company reported a net profit of -RMB 67,210,310.57 for the parent company, with no surplus reserve provision made for the year[6] - Basic and diluted earnings per share were both CNY -0.4362, representing a decrease of 131.35% and 131.95% respectively compared to the previous year[24] - The weighted average return on equity decreased by 15.23 percentage points to -3.50%[24] - The net profit after deducting non-recurring gains and losses decreased by 133.47% year-on-year, reflecting the overall decline in net profit[24] Revenue Breakdown - In 2022, the company's revenue from biomass energy accounted for 68.26% of total revenue, with sales increasing by 333.68% year-over-year due to strong demand in the European bioenergy market[34] - Revenue from environmentally friendly plasticizers constituted 29.76% of total revenue, but sales and gross profit declined due to a downturn in the downstream plastic processing industry[34] - The revenue from the plastic additives segment accounted for 31.74% of total revenue, while the biomass energy segment accounted for 68.26%, with biomass energy revenue increasing by 333.68% year-over-year due to increased sales volume[53] - The company reported a revenue of 103,817.14 million RMB from domestic sales, representing a decrease of 21.97% compared to the previous year[100] - International sales revenue reached 210,316.62 million RMB, showing a significant increase of 290.42% year-over-year[100] Operational Highlights - The company has a production capacity of 217,000 tons for various environmentally friendly plasticizers as of the end of 2022, positioning it as a leading producer in China[41] - The company is actively expanding its biodiesel market by enhancing production capacity through technological upgrades and new constructions, aligning with global carbon neutrality trends[36] - The company has successfully met all safety production targets in 2022, maintaining a stable safety record without major accidents[35] - The company has established a long-term supply agreement with Shell for biodiesel, affirming its product quality and reputation[44] Research and Development - Research and development expenses rose by 62.55% to CNY 91,911,245.36, reflecting increased investment in new products and technologies[49] - The company has introduced new talent, including 1 PhD and 2 Master's graduates, to enhance research in high-value biomass energy products[37] - The company is focusing on enhancing its R&D capabilities to improve technological competitiveness and accelerate the conversion of scientific achievements into productivity[88] Environmental Commitment - The company invested approximately ¥10,938.36 million in environmental protection during the reporting period[163] - The company operates a wastewater treatment facility with a capacity of 400 tons per day, which has been in operation since January 2007[166] - The company emphasizes green manufacturing and aims for zero emissions and zero pollution in its production processes[172] - The company has implemented carbon reduction measures, including the use of clean energy and innovative production processes, to enhance energy efficiency and reduce fossil fuel consumption[173] Governance and Compliance - The company has established a robust governance structure, including independent shareholder meetings, a board of directors, a supervisory board, and a management team, to support long-term healthy development[119] - The company strictly complies with legal requirements for information disclosure, ensuring that all stakeholders receive timely and accurate information[123] - The company has established a strict supplier evaluation and assessment system to ensure stable supply of raw materials[84] Shareholder and Management Information - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 425.77 million CNY[129] - The company has a structured remuneration system for directors and senior management, which includes basic salary, performance pay, and year-end bonuses[134] - The company has seen changes in its board composition, with independent directors completing their terms and new appointments made[135] Risks and Challenges - The company emphasized the potential risks in its future development strategies and business plans, urging investors to be cautious[7] - The company faces risks related to raw material price fluctuations, particularly for soybean oil and waste oils, which could impact operating performance[115] - The company is exposed to product substitution risks due to the ongoing development of various renewable energy sources, which could significantly alter the global energy landscape[116]