DHCT(SH:900921)2023-04-20 16:00Financial Performance - The company's operating revenue for 2022 was approximately ¥933.82 million, a decrease of 14.13% compared to ¥1,087.48 million in 2021[21]. - The net profit attributable to shareholders was approximately -¥292.98 million, representing a significant decline of 181.52% from -¥104.07 million in the previous year[21]. - Basic earnings per share for 2022 was -0.2882 yuan, a decrease of 181.47% compared to -0.1024 yuan in 2021[23]. - The weighted average return on equity decreased to -27.04% in 2022, down 18.91 percentage points from -8.13% in 2021[23]. - Total operating revenue for the fourth quarter of 2022 was 174,320,212.16 yuan, with a net profit attributable to shareholders of -248,842,213.55 yuan[25]. - The company reported a net cash flow from operating activities of 17,021,090.88 yuan in 2022[26]. - The company achieved a main business revenue of RMB 926.52 million in 2022, which is a significant performance indicator[167]. - The net loss for 2022 was ¥377,970,058.69, compared to a net loss of ¥126,261,836.05 in 2021, representing a significant increase in losses[184]. - The total comprehensive loss for 2022 was 8,136,299.29 RMB, compared to a loss of 22,771,540.05 RMB in 2021, reflecting a decrease in comprehensive losses by about 64%[187]. Assets and Liabilities - The company's total assets decreased by 17.39% to approximately ¥1.86 billion from ¥2.25 billion in 2021[22]. - The company's total equity decreased from RMB 1,669,532,397.81 in 2021 to RMB 1,283,403,793.63 in 2022, a decline of about 23.1%[178]. - Total liabilities increased to ¥252,489,963.43 in 2022 from ¥247,603,595.37 in 2021, indicating a rise in financial obligations[182]. - The company's cash and cash equivalents decreased from RMB 79,597,294.83 in 2021 to RMB 47,905,810.82 in 2022, a decline of approximately 40%[176]. - Long-term investments decreased from RMB 48,551,224.74 in 2021 to RMB 24,484,060.54 in 2022, a decline of approximately 49.6%[176]. Cash Flow - The net cash flow from operating activities was -¥45,594,169.39, a significant decline of 125.23% compared to the previous year[38]. - The company paid 196,800,000.00 RMB in debt repayment during 2022, down from 290,000,000.00 RMB in 2021, indicating a reduction of approximately 32%[190]. - The net cash flow from financing activities was -3,814,500.00 RMB, down from 9,871,226.34 RMB, showing a reduction in financing inflows[193]. - The total cash and cash equivalents at the end of the period decreased to 414,836.63 RMB from 5,110,414.17 RMB, indicating a liquidity contraction[193]. Operational Performance - The company operated its production facilities for 325 days in 2022, achieving completion rates of 83.79% for ethylene glycol and 107.83% for oxalic acid[31]. - The actual production of ethylene glycol was 125,685.82 tons, with a sales volume of 125,984.38 tons, reflecting a year-on-year decline of 10.72% in sales volume[43]. - The sales volume of oxalic acid was 90,851.09 tons, with a slight year-on-year decrease of 2.21%[36]. - The average price of ethylene glycol in the East China market for 2022 was 4,559 yuan/ton, which was below the company's cost price[32]. Research and Development - The company’s R&D expenses were ¥47,316,191.43, showing a slight increase of 0.11% year-on-year[38]. - The number of R&D personnel was 54, making up 4.32% of the total workforce[49]. - The company plans to focus on R&D in coal-based ethylene glycol derivatives and biodegradable materials to enhance its sustainable operational capabilities[63]. Environmental and Safety Compliance - The company invested 24.41 million yuan in environmental protection during the reporting period[119]. - The total emissions of sulfur dioxide were 169.23 tons, nitrogen oxides were 282.87 tons, and smoke dust was 82.23 tons, all meeting the relevant environmental standards[121]. - The company faced an administrative penalty of 1 million RMB due to the illegal storage of approximately 40,000 tons of industrial solid waste, which occupied an area of about 79,000 square meters[125]. Governance and Management - The company underwent a board and supervisory committee reshuffle in May 2022, with several key personnel changes including the resignation of the chairman and a director[97]. - The total remuneration for all directors, supervisors, and senior management was 2.9741 million yuan[96]. - The company has established a performance evaluation system for middle and senior management to enhance work efficiency and motivation[108]. Legal Matters - The company is involved in ongoing litigation related to terminated projects, which may impact future financial performance[4]. - The company is involved in three lawsuits, which have been transferred to the Ordos Intermediate People's Court in Inner Mongolia, and are still under trial as of the report date[136]. - The company won a court ruling on June 27, 2022, to recover a restructuring deposit of RMB 22 million, with the final judgment upheld on March 20, 2023[136].