Supezet(SH:688121)2023-04-21 16:00Financial Performance - The company's total revenue for 2022 was CNY 293,572.03 million, a decrease of 24.74% compared to 2021[25]. - The net profit attributable to shareholders for 2022 was CNY 17,965.62 million, down 43.01% from the previous year[25]. - Basic earnings per share for 2022 were CNY 0.89, a decline of 53.40% compared to CNY 1.91 in 2021[27]. - The company's gross profit margin for the reporting period was 18.38%, showing a declining trend due to increased bargaining power of large customers[99]. - The company's total assets increased by 14.35% to CNY 769,173.45 million from CNY 672,670.15 million at the beginning of the year[108]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a year-over-year growth of 15%[168]. Cash Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 2.45 RMB per 10 shares, totaling approximately 49.65 million RMB, which represents 27.64% of the net profit attributable to shareholders[5]. - The cash dividend distribution proposal will be submitted for approval at the company's 2022 annual general meeting[190]. - The total cash dividend represents 27.64% of the net profit attributable to the shareholders of the parent company in the consolidated financial statements[194]. - The company does not plan to increase capital through the conversion of capital reserves or distribute bonus shares[190]. Research and Development - The company's R&D expenditure as a percentage of revenue was 3.92%, an increase of 0.28 percentage points from 2021[27]. - In 2022, the company's R&D expenses amounted to 115.16 million RMB, accounting for 3.92% of total revenue[37]. - The company is focusing on developing new technologies and products in high-selectivity catalysis, high-efficiency membrane separation, and clean energy, aligning with the "14th Five-Year Plan" for the petrochemical industry[52]. - The company has established a comprehensive R&D system, collaborating with renowned research institutions and advanced technology manufacturers to enhance its technological capabilities and innovation efficiency[146]. Strategic Initiatives and Future Plans - The company is focusing on digital transformation, implementing a smart manufacturing operation management system[39]. - The company aims to enhance its core competitiveness through modular and integrated production manufacturing[40]. - The company is actively pursuing green energy initiatives to support energy structure adjustments and achieve carbon neutrality goals[36]. - The company plans to implement a three-year dividend return plan for 2022-2024[155]. Market Position and Competitive Advantage - The company has established long-term stable partnerships with leading enterprises such as Sinopec and PetroChina, enhancing its competitive advantage in the market[51]. - The company is focusing on expanding its market share in the domestic refining equipment manufacturing industry, driven by increasing production capacity and decreasing reliance on imports[114]. - The company has a strong project management capability, enhancing its competitive edge in the domestic market[114]. - The company is committed to maintaining its domestic market while expanding globally, aiming for a full industry chain cluster model[145]. Risks and Challenges - The company has outlined various risks in its operations, which are detailed in the "Management Discussion and Analysis" section of the report[4]. - Fluctuations in raw material prices pose a risk to the company's production costs, as they constitute a significant portion of overall expenses[94]. - The company faces risks related to core technology talent loss, which could impact product competitiveness and innovation capabilities[91]. - Environmental protection regulations may increase the company's investment and operational costs due to stricter standards and potential penalties[96]. Corporate Governance - The company has received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[8]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not experienced any special arrangements in corporate governance during the reporting period[9]. - The company has a complete decision-making mechanism and clear standards for its cash dividend policy, which complies with the company's articles of association[192]. Employee and Management Compensation - Total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 6.42 million yuan[170]. - The total compensation for the chairman, Zhang Jinhong, was 820,900 CNY, with no change in shareholding during the reporting period[161]. - The company emphasizes talent development and has established a comprehensive training development system, including new employee orientation and ongoing business training[189]. - The company implemented a restricted stock incentive plan during the reporting period, granting shares to 37 employees, significantly boosting employee motivation[188].