建业股份(603948) - 2022 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2022 was ¥2,796,060,229.74, a slight decrease of 0.12% compared to ¥2,799,499,506.04 in 2021[20] - The net profit attributable to shareholders of the listed company reached ¥390,239,316.01, representing a significant increase of 34.55% from ¥290,022,352.04 in the previous year[20] - The net profit after deducting non-recurring gains and losses was ¥369,153,458.64, up 36.93% from ¥269,598,345.69 in 2021[20] - The net cash flow from operating activities was ¥422,630,065.95, an increase of 117.91% compared to ¥193,946,083.65 in 2021[20] - The total net assets attributable to shareholders of the listed company at the end of 2022 were ¥1,980,689,000.42, an increase of 18.93% from ¥1,665,432,784.41 at the end of 2021[20] - Basic and diluted earnings per share for 2022 were both 2.44 yuan, an increase of 34.81% compared to 1.81 yuan in 2021[22] - The weighted average return on equity rose to 21.49% in 2022, up from 18.91% in 2021, reflecting an increase of 2.58 percentage points[22] - Total assets at the end of 2022 amounted to CNY 2,671,134,800, reflecting a growth of 16.82% year-on-year[50] - Operating costs decreased by 6.17% year-on-year to CNY 2,157,487,729.04, primarily due to a decline in raw material prices[52] - The financial expenses showed a significant decrease of 1,576.50% year-on-year, primarily due to changes in exchange gains and losses[52] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥19.20 per 10 shares, totaling approximately ¥31,205.76 million based on the total share capital of 16,253.00 million shares[5] - The company’s future three-year dividend payout plan (2023-2025) was approved, indicating a commitment to shareholder returns[117] - The company reported a cash dividend amount of 8,800,000 CNY, which accounts for 30.34% of the net profit attributable to ordinary shareholders in the consolidated financial statements[146] Operational Efficiency and Production - The company produced 116,084.31 tons of low-carbon fatty amines and sold 112,928.79 tons, achieving a production and sales rate of 97.28%[31] - The newly invested project for producing 13,000 tons of ultra-pure ammonia commenced production within the year, enhancing capacity to meet growing market demand[31] - The company completed the trial production of three sets of low-carbon fatty amine devices and an acetic ester device, solidifying its leading position in the low-carbon fatty amine industry[34] - The production volume of low-carbon fatty amines was 116,084.305 tons, with a year-on-year increase of 1.23%[57] - The company aims to achieve an annual production scale of 39,000 tons for electronic chemicals by 2024[77] - The production capacity utilization rates are 96.8% for low-carbon fatty amines, 96.9% for plasticizers, and 72.7% for ultra-pure ammonia[90] Research and Development - The company has 57 invention patents and 12 utility model patents as of December 31, 2022, showcasing its strong R&D capabilities[46] - The company has established a new framework for product research and development, with 7N ultra-pure ammonia recognized as one of the "first batch" of new materials in the country[34] - The company plans to enhance R&D investment and expand production capacity to improve product competitiveness, aiming to become a leading fine chemical research and production base in China[101] - The company is enhancing its R&D capabilities by attracting high-end talent and optimizing its technical department structure[106] Market Position and Industry Trends - The company received multiple honors, including being ranked 358th among the top 500 petroleum and chemical enterprises in China[30] - The demand for low-carbon fatty amines is expected to grow due to the rigid demand in the pesticide and pharmaceutical markets, as well as the increasing needs in the new energy sector[38] - The electronic chemicals industry is experiencing increased demand due to the rapid development of semiconductors, LCD panels, and solar cells[39] - The company is a leading producer of low-carbon fatty amines, with a strong position in the industry and significant R&D capabilities[75] Compliance and Governance - The audit report issued by Tianjian Accounting Firm was a standard unqualified opinion, ensuring the accuracy and completeness of the financial report[4] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6] - There are no violations of decision-making procedures regarding external guarantees[6] - The company maintained compliance with safety and environmental standards, with no penalties incurred during the year[32] - The company has not reported any significant changes in its environmental and social responsibility strategies[155] Environmental Responsibility - The company invested 28.11 million yuan in environmental protection during the reporting period[155] - The company is committed to continuous improvement in its environmental performance and compliance with emission standards[156] - The company has established environmental protection mechanisms to ensure compliance with regulations[155] - The company reported a pH level of 7.08 and a CODcr of 1.295 in its wastewater discharge, which is compliant with the third-level standard[157] - The company has implemented solid waste management measures, including the disposal of hazardous waste through licensed units[163] Leadership and Management Changes - The company’s board of directors and management underwent changes, with several new appointments and resignations noted[118] - The company appointed Feng Yuhang as the non-independent director and chair of the strategic committee after the passing of the former chairman[121] - The company elected Feng Yuhang as the chairman and Xia Yizhong as the general manager on July 14, 2022[121] - The company’s fifth board of directors was elected on December 8, 2022, with a term of three years[122] Risk Management - The company has outlined potential risks in its future business outlook, which are detailed in the management discussion section[6] - The company faces risks related to industry cyclicality, safety and environmental regulations, and raw material price fluctuations[109][110][111] - The company is committed to risk control, prioritizing cash flow and timely collection of receivables to manage financial risks[104]