Greenda(SH:603931)2023-04-25 16:00Financial Performance - The company's operating revenue for 2022 was CNY 847,599,449.79, representing an increase of 8.72% compared to CNY 779,618,931.02 in 2021[24]. - The net profit attributable to shareholders for 2022 was CNY 163,394,169.64, up 16.26% from CNY 140,543,197.04 in 2021[24]. - The cash flow from operating activities for 2022 was CNY 196,756,998.81, a significant increase of 75.21% compared to CNY 112,300,559.13 in 2021[24]. - The total assets at the end of 2022 were CNY 1,553,351,646.74, reflecting an 11.29% increase from CNY 1,395,773,091.86 at the end of 2021[24]. - The basic earnings per share for 2022 was CNY 0.82, a decrease of 17.17% from CNY 0.99 in 2021[25]. - The weighted average return on equity for 2022 was 12.81%, an increase of 0.67% compared to 12.14% in 2021[25]. - The quarterly revenue for Q4 2022 was CNY 204,812,642.35, with a net profit of CNY 24,149,905.96 attributable to shareholders[27]. - The company reported non-recurring gains of CNY 9,178,563.40 from government subsidies in 2022[27]. - The net profit after deducting non-recurring items for 2022 was CNY 146,458,865.20, up 15.64% from CNY 126,655,224.77 in 2021[24]. - The company's net assets attributable to shareholders at the end of 2022 were CNY 1,340,265,510.22, an increase of 10.03% from CNY 1,218,100,658.81 at the end of 2021[24]. Dividend Policy - The company plans to distribute a cash dividend of 2.5 RMB per 10 shares, totaling approximately 49.89 million RMB, representing a cash dividend payout ratio of 30.53% for the year 2022[6]. - The company implemented a cash dividend policy, distributing a total of 42,762,510 RMB (approximately 30.43% of net profit) as cash dividends for the 2021 fiscal year[151]. Research and Development - The company invested 38.74 million yuan in R&D, marking a 37.25% increase from the previous year[35]. - The company holds 8 invention patents and 20 utility model patents, showcasing its robust R&D capabilities[46]. - The company has established a strong R&D framework, including a provincial-level enterprise research institute and a postdoctoral workstation, to enhance innovation capabilities[81]. - Research and development investments increased by 30%, focusing on sustainable technologies and product innovation[133]. - The company is committed to advancing its research and development in OLED and quantum dot technologies to meet market demands[78]. Market Position and Strategy - The company is a major domestic producer of wet electronic chemicals, benefiting from a first-mover advantage and a well-established procurement and production system[38]. - The company has established supply relationships with major clients, including Wuhan China Star Optoelectronics Technology Co., and has achieved mass supply of various products[34]. - The company is focusing on expanding its market presence in the semiconductor industry, supported by favorable government policies[77]. - The company aims to continuously expand its stable customer base while enhancing its product design and development capabilities[38]. - The company is actively involved in national technology projects, including the development of advanced semiconductor materials and photolithography solutions[36]. Risk Management - The company has outlined potential risks in its future development plans, which are detailed in the management discussion and analysis section[8]. - The company emphasizes the importance of investor awareness regarding the uncertainties in forward-looking statements related to future plans and strategies[7]. - The company is committed to maintaining transparency and has detailed its risk management strategies in the report[8]. - The company faces risks related to the inability to predict future technological updates, which could hinder product development and customer acquisition[117]. - The company is exposed to raw material price fluctuations, which can impact operating performance due to environmental regulations and supply-side reforms[118]. Corporate Governance - The company maintains a robust corporate governance structure, ensuring independence from its controlling shareholder and compliance with legal regulations[123]. - The company has established an independent financial department and accounting system, enabling autonomous financial decision-making[125]. - The company operates independently in research, production, procurement, and sales, with no unfair related transactions[125]. - The company has a clear and complete asset ownership structure, including production systems, land, buildings, and equipment[124]. - The company has signed labor contracts with all employees and maintains an independent personnel and compensation system[125]. Environmental Commitment - The company invested approximately 4.34 million RMB in environmental protection during the reporting period[163]. - The company implemented energy-saving technical transformation projects, saving about 5,000 tons of steam annually, thereby reducing energy consumption[164]. - The company is committed to green production and high-quality development through energy-saving and emission-reduction practices[165]. - The company adopted various measures to reduce carbon emissions, including the use of clean energy and digital transformation of production processes[164]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[133]. - New product launches are expected to contribute an additional 200 million CNY in revenue, with a focus on innovative technologies[133]. - The company plans to enhance its digital marketing strategies, aiming for a 15% increase in online sales[133]. - The company aims to enhance asset quality and improve profitability through strict management of raised funds and accelerated investment in projects[183].