卓越新能(688196) - 2022 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2022 reached ¥4,344,972,954.94, representing a 40.91% increase compared to ¥3,083,491,987.04 in 2021[21]. - The net profit attributable to shareholders for 2022 was ¥451,728,856.81, a 31.03% increase from ¥344,755,679.73 in the previous year[21]. - The basic earnings per share for 2022 was ¥3.76, up 31.01% from ¥2.87 in 2021, driven by increased production and sales volume[23]. - The company's total assets as of the end of 2022 were ¥2,985,496,321.24, reflecting a 16.05% increase from ¥2,572,547,465.91 at the end of 2021[22]. - The net cash flow from operating activities for 2022 was ¥792,990,336.59, a significant recovery from a negative cash flow of ¥59,496,691.11 in 2021[21]. - The total net assets attributable to shareholders at the end of 2022 were ¥2,783,805,684.21, a 12.70% increase from ¥2,470,076,827.40 at the end of 2021[22]. - The weighted average return on equity for 2022 was 17.35%, an increase of 2.56 percentage points from 14.79% in 2021[23]. - The company achieved an operating income of 4.345 billion yuan in 2022, representing a year-on-year growth of 40.91%[92]. - The net profit attributable to the parent company was 452 million yuan, an increase of 31.03% compared to the previous year[92]. - Operating costs rose to RMB 3.83 billion, reflecting a year-on-year increase of 39.13% due to higher raw material prices[94]. Research and Development - Research and development expenses accounted for 4.62% of operating revenue in 2022, an increase of 0.53 percentage points from 4.09% in 2021[23]. - The total R&D investment for the year was approximately CNY 200.66 million, representing a 37.14% increase from the previous year's CNY 126.14 million, with R&D investment accounting for 4.62% of total revenue[68]. - The company applied for 43 new patents during the reporting period, including 7 invention patents and 36 utility model patents, bringing the total number of patents to 223, with 181 granted[66]. - The company is focusing on the development of biobased materials for various applications, including synthetic resins and lithium battery electrolyte additives[63]. - The company achieved a transesterification rate of 99% for waste oil and a high-quality biodiesel yield exceeding 89.5%[59]. - The company has been recognized as a national high-tech enterprise and has established a strong R&D capability, participating in multiple national key research projects[59]. Production and Capacity - The production capacity of biodiesel reached 500,000 tons, while the production capacity of bio-based materials reached 90,000 tons[78]. - Biodiesel production reached 407,550.03 tons, a year-on-year increase of 13.84%, while sales volume was 404,837.61 tons, up 22.65% from the previous year[100]. - The company successfully completed the construction of a new biodiesel production line with an annual capacity of 100,000 tons by the end of 2022, with further projects planned for 2023[39]. - The production capacity of biodiesel plants was fully utilized throughout the year, contributing to increased output and sales[100]. Market and Sales - The company’s biodiesel production plants achieved a product yield of over 89.5%, meeting established targets for quality improvement[36]. - The company’s biodiesel is mainly exported to the EU, with competitive pricing and immediate payment methods for domestic sales, indicating a robust sales model[49]. - The sales volume of biodiesel increased by 22.65%, and the average selling price rose by 20.81%, resulting in a total revenue increase of 48.17% compared to the previous year[99]. - The top five customers contributed ¥388,449.41 million, representing 89.40% of total annual sales, with no sales to related parties[105]. Governance and Compliance - The company has established a governance structure with a board of 7 members, including 3 independent directors[126]. - The company emphasizes the importance of talent acquisition and internal development to support sustainable growth[123]. - The company has maintained a good environmental credit rating, being recognized as an environmentally friendly and trustworthy enterprise for several consecutive years[179]. - The company has not faced any penalties from securities regulatory authorities in the past three years[143]. - The independent directors effectively fulfill their responsibilities, providing objective opinions to protect the interests of minority shareholders[189]. Environmental and Social Responsibility - The company invested ¥8.943 million in environmental protection during the reporting period[168]. - The company continues to actively engage in carbon reduction efforts, focusing on optimizing production processes and using clean energy sources[177]. - The company made charitable donations totaling ¥35.45 million and contributed ¥45.48 million to public welfare projects during the reporting period[181]. - The company has established a comprehensive environmental management system, ensuring compliance with environmental standards and regulations[179]. Financial Management - The company plans to distribute a cash dividend of 15.50 CNY per 10 shares, totaling 186 million CNY (including tax) based on a total share capital of 120 million shares as of December 31, 2022[5]. - The company has a cash dividend policy that ensures the protection of shareholders' rights while balancing the need for sustainable development, with a cash dividend amount of RMB 186 million, accounting for 41.18% of the net profit attributable to ordinary shareholders[162]. - The company’s cash and cash equivalents increased by 122.12% to ¥722,589,110.95, mainly due to profit realization and collection of receivables[114]. - The company’s financial expenses surged by 295.46% to -¥76,293,605.06, mainly due to increased interest income and foreign exchange gains[112]. Risk Management - The company has not reported any significant risks that could materially affect its operations during the reporting period[4]. - The company emphasizes the importance of investment risk awareness regarding forward-looking statements in the report[6]. - The company faced challenges from rising raw material prices and significant fluctuations in the RMB exchange rate[99].