Forest Packaging(SH:605500)2023-04-24 16:00Financial Performance - The company's operating revenue for 2022 was ¥2,701,384,196.13, a decrease of 8.67% compared to ¥2,957,669,480.19 in 2021[21]. - The net profit attributable to shareholders decreased by 50.18% to ¥140,638,715.83 from ¥282,277,012.47 in the previous year[21]. - Basic earnings per share fell by 49.47% to ¥0.48, down from ¥0.95 in 2021[22]. - The weighted average return on equity decreased by 6.88 percentage points to 6.09% from 12.97% in the previous year[22]. - The total assets at the end of 2022 were ¥2,752,821,891.72, a 1.45% increase from ¥2,713,443,143.43 in 2021[21]. - The net profit attributable to shareholders for 2022 was CNY 140.64 million, reflecting a year-on-year decline of 50.19%[32]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 130.08 million yuan, down 53.66% year-on-year[43]. - The company's operating revenue for the reporting period was 2,701.38 million yuan, representing a year-on-year decrease of 8.67%[43]. Cash Flow and Investments - The net cash flow from operating activities increased by 123.26% to ¥233,202,592.01, primarily due to increased tax refunds and reduced cash payments for procurement[23]. - The company reported a net cash flow from investment activities of -¥33,782,535.50, an improvement from -¥634,896,201.76 in the previous year[46]. - The company's cash and cash equivalents at the end of the period amount to 426,867,319.01 RMB, representing 15.51% of total assets, up from 8.50% in the previous period[66]. - The company has invested 193,830,980.87 RMB in construction projects, reflecting a 78.76% increase from the previous period[67]. Dividend and Share Capital - The company plans to distribute a cash dividend of RMB 1.5 per 10 shares, totaling RMB 44.4 million based on a total share capital of 296 million shares as of December 31, 2022[5]. - The company intends to increase its share capital by 11.84 million shares through capital reserve conversion, resulting in a total share capital of 414.4 million shares post-distribution[5]. - The cash dividend distribution represents 31.57% of the net profit attributable to ordinary shareholders in the consolidated financial statements[134]. - The company has established a complete decision-making process for the profit distribution policy, ensuring independent directors fulfill their responsibilities[132]. Research and Development - Research and development expenses for the period amounted to CNY 99.44 million, focusing on new product development and technology upgrades[33]. - The company obtained 26 patents during the reporting period, including 3 invention patents and 23 utility model patents[33]. - The total R&D expenditure was ¥99,440,856.20, accounting for 3.68% of total revenue[62]. - The company has a total of 262 R&D personnel, accounting for 15.03% of the total workforce[63]. Environmental and Sustainability Initiatives - The company reported a total wastewater discharge of 162.19 tons, with no exceedances of the discharge standards[141]. - The company has implemented measures to achieve zero solid waste discharge, utilizing solid waste through comprehensive utilization or internal disposal methods[146]. - The company reduced carbon emissions by 61,723 tons through measures such as using biogas for power generation and replacing part of the coal with sludge in power generation[152]. - The company is committed to sustainable development through resource utilization and environmental investment[88]. Market Position and Strategy - The company ranks 24th among the top 100 packaging companies in China, according to the latest report from the China Packaging Federation[34]. - The company aims to become a full-chain enterprise integrating waste paper recycling, ecological paper-making, green packaging, and printing, enhancing customer product value[82]. - The company plans to implement a "sustainable packaging strategy" focusing on high-quality development, driving transformation and quality improvement in the packaging industry[83]. - The company is considering potential mergers and acquisitions to strengthen its market position and expand its product offerings[100]. Corporate Governance and Compliance - The company has not faced any penalties from securities regulatory authorities in the past three years[111]. - There were no objections raised by directors regarding company matters during the reporting period[116]. - The company has committed to conducting transactions at fair market prices and fulfilling information disclosure obligations[174]. - The company will compensate investors for any losses incurred due to non-fulfillment of commitments, as per the relevant laws and regulations[175].