Supezet(SH:688121)2023-06-13 16:00Financial Performance - The company's operating revenue for 2022 was CNY 2,935,720,317.83, a decrease of 24.74% compared to CNY 3,900,886,604.75 in 2021[23]. - The net profit attributable to shareholders for 2022 was CNY 179,656,152.73, down 43.01% from CNY 315,245,664.84 in 2021[23]. - The net cash flow from operating activities increased by 658.66% to CNY 390,942,888.22, compared to a negative cash flow of CNY 69,978,075.13 in 2021[23]. - Basic earnings per share for 2022 were CNY 0.89, a decline of 53.40% from CNY 1.91 in 2021[25]. - The company's total revenue for 2022 was CNY 293,572.03 million, a decrease of 24.74% compared to the previous year[109]. - The net profit attributable to shareholders was CNY 17,965.62 million, down 43.01% year-on-year[109]. - The comprehensive gross margin for the reporting period was 18.38%, showing a declining trend due to increased bargaining power of large customers[97]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 3.92% in 2022 from 3.64% in 2021[25]. - In 2022, the company's R&D expenses amounted to 115.16 million RMB, accounting for 3.92% of total revenue[35]. - The company increased its R&D personnel to 94, representing 14.6% of the total workforce, an increase of 13 from the previous year[35]. - Research and development investment totaled approximately 115.16 million yuan in 2022, a decrease of 18.93% from the previous year, while the R&D investment as a percentage of operating revenue increased to 3.92%[59]. - The company is focusing on developing new technologies and products in line with the "14th Five-Year Plan" for the petrochemical industry, emphasizing high-selectivity catalysis and clean energy utilization[50]. Corporate Governance - The company has received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[8]. - The company has not experienced any special arrangements in corporate governance during the reporting period[9]. - The company has a governance structure in place that complies with relevant laws and regulations, ensuring independent and coordinated operations among its governing bodies[155]. - The company held a total of 5 shareholder meetings during the reporting period, all resolutions were approved without any being rejected[158]. - The company has committed to ensuring compliance with relevant laws and regulations in its shareholder meetings[158]. Risk Management - The company has outlined various risks in its operations, which are detailed in the "Management Discussion and Analysis" section of the report[4]. - The company faces risks related to core technology talent loss, which could negatively impact product competitiveness and innovation capabilities[89]. - The company is exposed to raw material price volatility risks, which could significantly increase production costs if prices rise sharply[92]. - Environmental protection risks are heightened due to stricter regulations, potentially increasing the company's environmental investment and compliance costs[94]. 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 plan will be submitted for approval at the 2022 annual general meeting of shareholders[193]. - The total cash dividend represents 27.64% of the net profit attributable to the parent company's shareholders in the consolidated financial statements[197]. - The company has established a three-year dividend return plan for 2022-2024[177]. Market and Industry Position - The company operates in the specialized equipment manufacturing industry for refining and chemical processes, primarily using a made-to-order production model[43]. - The petrochemical industry is a pillar of the national economy, with a significant market size and increasing production capacity, while the dependence on imported refining and chemical equipment is decreasing[44]. - The company has established long-term stable partnerships with leading enterprises such as Sinopec and PetroChina, contributing to a high market share in its products and services[49]. - The company is committed to expanding its market presence both domestically and globally, aiming for a full industry chain cluster model[147]. Innovation and Technology Development - The company has developed core technologies such as "cracking furnace modular technology" and "rare earth heat-resistant steel tube technology," which have received multiple national honors[47]. - The modular production method has been implemented, reducing on-site construction labor by approximately 50% and ensuring equipment manufacturing quality[48]. - The company is focusing on smart manufacturing as a key driver for transformation and upgrading in the petrochemical industry[45]. - The company is actively pursuing digital transformation and smart manufacturing, integrating industrial internet technologies into its production and management processes[53]. Employee and Talent Management - The company has a diverse workforce with 138 technical staff and 94 research personnel, contributing to its operational capabilities[189]. - The company’s training plan includes various programs such as new employee orientation and ongoing business training to enhance employee skills[192]. - The company is focused on talent development through a structured training program to enhance employee skills and ensure sustainable growth[152]. Financial Management - The company's total assets increased by 14.35% to CNY 769,173.45 million compared to the beginning of the year[110]. - The asset-liability ratio was 71.70%, which may restrict the company's ability to secure bank loans for ongoing development[99]. - The company plans to address a significant funding gap through issuing shares to specific investors and utilizing unused bank credit lines[103].