JiHuaGroup(SH:603980)2023-04-25 16:00Financial Performance - The total profit of the parent company for 2022 was CNY 187,708,931.87, with a net profit of CNY 181,675,335.66[6]. - The company's operating revenue for 2022 was approximately ¥1.93 billion, a decrease of 14.29% compared to ¥2.25 billion in 2021[22]. - The net profit attributable to shareholders was a loss of approximately ¥209.68 million, a decline of 253.67% from a profit of ¥136.45 million in 2021[22]. - The basic earnings per share for 2022 was -¥0.30, down 257.89% from ¥0.19 in 2021[23]. - The weighted average return on equity decreased to -4.85% in 2022, down 7.90 percentage points from 3.05% in 2021[23]. - The company's total revenue for the year was 1.558 billion RMB, a decrease of 19.35% compared to the previous year[83]. - The net profit attributable to the parent company was -123 million RMB, an increase of 39.91% year-on-year[83]. - Total operating revenue for 2022 was CNY 1,931,693,894.55, a decrease of 14.3% compared to CNY 2,253,640,681.14 in 2021[193]. - The net profit for 2022 was a loss of CNY 213,859,472.99, compared to a profit of CNY 132,251,917.57 in 2021, indicating a significant decline[194]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.80 per 10 shares, totaling CNY 56,000,000.00, which represents -26.71% of the net profit attributable to shareholders[6]. - The total number of shares for dividend distribution is based on 700,000,000 shares as of the end of 2022[6]. - The company has a cash dividend amount of CNY 56 million, which represents -26.71% of the net profit attributable to ordinary shareholders in the consolidated financial statements[114]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The board of directors and supervisory board members have confirmed the authenticity and completeness of the annual report[4]. - The company maintains effective internal financial reporting controls as confirmed by an independent audit report with a standard unqualified opinion[118]. - The company has not faced any penalties from securities regulatory agencies in the past three years[101]. - The company has not reported any significant related party transactions or violations regarding external guarantees[107]. Research and Development - The company has 91 patents and has participated in the formulation of 39 national and industry standards[37]. - The company’s R&D expenses decreased by 16.51% to RMB 90.06 million due to reduced material costs[40]. - The total amount of R&D investment was CNY 91.44 million, representing 4.73% of operating revenue[51]. - The company aims to enhance its core competitiveness through increased investment in R&D and a focus on technological innovation[83]. - The company invested in 17 research projects during the reporting period, with 12 new product development projects and 10 patents granted[68]. Market and Industry Conditions - The dye market is currently facing an oversupply issue, leading to low profitability in the industry[34]. - The company maintains a leading position in the dye industry, with a significant market share in both domestic and international markets[34]. - The company's dye products are primarily used in the textile dyeing and finishing industry, which is significantly influenced by macroeconomic fluctuations and national industrial policy changes[85]. Environmental Compliance - The company has established an environmental protection mechanism and is classified as a key pollutant discharge unit[121]. - The company reported a total wastewater discharge of 1,185,570 tons in 2022, with Hangzhou Jihua Jiangdong Chemical Co., Ltd. contributing 1,033,214 tons[123]. - The company emitted 2.1888 tons of sulfur dioxide, 7.563 tons of nitrogen oxides, and 4.144 tons of particulate matter in 2022, all within the permitted limits[124]. - The company has implemented a self-monitoring plan for environmental compliance in accordance with national regulations[131]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and protecting the rights of all shareholders[89]. - The board of directors operates independently, with clear responsibilities and a well-defined structure, including specialized committees for strategic, audit, nomination, and compensation matters[89]. - The company has implemented performance evaluation and incentive mechanisms for its directors and senior management, ensuring transparency and compliance with legal standards[90]. Financial Management - The company has a total cash balance of 28,293,495.23, with significant portions restricted for various guarantees, including 1,393,135.23 for options and foreign exchange swaps[59]. - The total amount of guarantees provided by the company, excluding guarantees to subsidiaries, is RMB 96,640,000, which accounts for 2.30% of the company's net assets[148]. - The company has a total of 8 trust financial products with amounts ranging from 2,300 to 8,000 million RMB, with expected returns between 3.20% and 7.50%[153]. Shareholder Information - Total number of common shareholders as of the end of the reporting period is 26,627, an increase from 26,233 at the end of the previous month[160]. - The largest shareholder, Hangzhou Jinhui Electromechanical Equipment Co., Ltd., holds 196,000,000 shares, representing 28.00% of total shares[162]. - The actual controller of the company is Mr. Shao Bojin, who is also the executive director and general manager of Hangzhou Jinhui Electromechanical Equipment Co., Ltd.[164]. Employee and Management Changes - The total number of employees in the parent company and major subsidiaries is 1,522, with 98 in the parent company and 901 in major subsidiaries[111]. - The company appointed a new general manager, Wu Aijun, due to the resignation of Yang Quanming for work-related reasons[100]. - The total pre-tax remuneration for the directors and senior management amounted to 6,389,100 CNY[96].