GJNY(SZ:000096)2023-04-17 16:00Financial Performance - The company's operating revenue for 2022 was ¥2,100,247,551.05, representing a 29.67% increase compared to ¥1,619,712,149.50 in 2021[20]. - The net profit attributable to shareholders decreased by 18.55% to ¥55,143,624.22 from ¥67,704,378.87 in the previous year[20]. - The net profit after deducting non-recurring gains and losses increased by 45.54% to ¥45,555,173.74, up from ¥31,301,847.92 in 2021[20]. - The net cash flow from operating activities improved significantly to ¥119,145,493.51, a 316.97% increase from a negative cash flow of ¥54,912,324.61 in 2021[20]. - Basic earnings per share decreased by 18.56% to ¥0.1044 from ¥0.1282 in the previous year[20]. - The weighted average return on net assets was 2.02%, down from 2.36% in 2021[20]. - Total assets decreased by 10.77% to CNY 2,751,801,797.64 at the end of 2022 compared to CNY 3,083,996,218.45 at the end of 2021[21]. - Net assets attributable to shareholders decreased by 10.89% to CNY 2,576,887,424.37 at the end of 2022 from CNY 2,891,797,618.39 at the end of 2021[21]. - The company reported a net profit attributable to shareholders of CNY -5,865,699.46 in Q4 2022, contrasting with profits of CNY 25,705,596.22 in Q3 2022 and CNY 25,923,903.25 in Q2 2022[24]. - The net cash flow from operating activities was CNY 51,098,840.31 in Q4 2022, following a negative cash flow of CNY -39,932,426.33 in Q2 2022[24]. Business Operations - The company operates 12 gas stations in Shenzhen, Dongguan, and Huizhou, making it a major distributor of refined oil in the region[30]. - The company is involved in various businesses including refined oil wholesale and retail, warehousing, land and property leasing, and equity investments in power enterprises[34]. - The company’s financial performance is influenced by national policies, including price subsidy policies for refined oil in response to high international oil prices[31]. - In 2022, the company sold 209,200 tons of oil products, an increase of 13.82% year-on-year, with total revenue from oil products reaching CNY 1,671,183,181.75, up 37.18% from the previous year[36]. - The company's total operating revenue for 2022 was CNY 2,100,247,551.05, representing a year-on-year increase of 29.67%, while the operating cost rose to CNY 192,271,660, an increase of 32.06%[39]. - The net profit attributable to shareholders for the oil products business was CNY 4,368.77 million, a decrease of 26.80% compared to the previous year[36]. - The comprehensive gross profit margin for oil products was 7.99%, down 1.66 percentage points year-on-year due to rising procurement costs[36]. - The leasing business generated total revenue of CNY 36,645,766.18, a decrease of 21.90% year-on-year, with total profit down 43.40%[42]. - The chemical trade business saw sales volume increase to 109,800 tons, a significant rise of 114.94% compared to the previous year[44]. Strategic Initiatives - The company plans to distribute a cash dividend of ¥0.3 per 10 shares, based on a total of 528,000,000 shares[4]. - Future outlook includes potential investments in new technologies and market expansion strategies[19]. - The company plans to enhance its main business by improving service quality and operational efficiency, aiming for stable growth in the refined oil sector[66]. - The company aims to optimize its trade business and explore new cooperation mechanisms in the chemical product trade sector[67]. - The company intends to strengthen the management of its equity investments and promote the transformation of its invested enterprises[68]. - The company plans to invest in new industries such as renewable energy and big data, seeking to establish new industry funds[68]. - The company is focused on expanding its market presence and enhancing its product offerings through strategic investments and partnerships[82]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the energy sector[82]. - Future performance guidance indicates a positive outlook with expected revenue growth driven by new product launches and market expansion strategies[82]. Governance and Compliance - The company has maintained a high level of governance, achieving an A grade in information disclosure for five consecutive years from 2017 to 2022[72]. - The company operates independently from its controlling shareholders in terms of business, personnel, assets, institutions, and finance, ensuring no competition or reliance on them for procurement or sales[73]. - The company has established an independent financial and auditing department, maintaining a separate accounting system and bank accounts, ensuring complete financial independence[74]. - The company has revised seven internal systems, including safety production and procurement management, to enhance its governance structure and risk management[72]. - The company has a complete and independent labor and personnel management system, with no senior management holding positions in related enterprises[73]. - The board of directors and management team are composed of experienced professionals, ensuring effective governance and operational efficiency[77]. - The company has actively engaged in investor relations through multiple channels, ensuring transparency and compliance in its communications[72]. - The company has no significant discrepancies with the regulations set by the China Securities Regulatory Commission regarding corporate governance[72]. - The company reported a resignation of Vice Chairman Chen Dalong due to retirement on August 18, 2022[79]. - The current board includes Zhang Guiquan as Chairman and Hu Ming as General Manager, both holding significant experience in investment and management[80][81]. Financial Health - The company's cash and cash equivalents decreased by 24.07% to ¥-221,552,025.94[51]. - The total amount of financial assets at the end of the period was ¥653,899,028.40, with a fair value loss of ¥6,122,848.09[57]. - The company's long-term equity investments were valued at ¥280,918,537.31, representing 10.21% of total assets[54]. - The company's inventory decreased by 1.04% to ¥27,428,400.58, accounting for 1.00% of total assets[54]. - The total assets of the company reached approximately CNY 6.23 billion, with net assets of about CNY 5.01 billion[65]. - The company’s total assets at the end of 2022 were CNY 2,601,109,951.15, reflecting a stable asset base[196]. - The total equity attributable to shareholders at the end of 2022 is CNY 2,891,797,618.39, an increase from CNY 2,837,914,382.29 at the end of 2021, representing a growth of approximately 1.9%[198]. - The company’s total assets and liabilities were not detailed in the provided documents, indicating a need for further financial analysis[198]. Social Responsibility and Environmental Compliance - The company has implemented measures to comply with environmental regulations, including the cessation of liquid chemical storage operations and the completion of wastewater facility shutdowns[117]. - The company provided rent reductions totaling CNY 502,300 to eligible tenants during the pandemic as part of its social responsibility efforts[119]. - The company has maintained strict adherence to environmental protection laws and has successfully operated pollution prevention facilities during the reporting period[117]. - The company has no significant litigation or arbitration matters during the reporting period[131]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[118]. Shareholder Information - The total cash dividend distributed to shareholders for the 2021 fiscal year was 369.6 million RMB, based on a distribution of 7.00 RMB per 10 shares[104]. - The company proposed a cash dividend of RMB 0.30 per 10 shares, totaling RMB 15,840,000, which represents 100% of the distributable profit[105]. - The total number of shares for the dividend distribution is 528,000,000[107]. - The company's distributable profit for the reporting period is RMB 308,003,166.90[105]. - There were no stock dividends or capital reserve transfers to increase share capital during the reporting period[107]. - The total pre-tax remuneration for the board of directors, supervisors, and senior management in 2022 amounted to 5.5858 million yuan[90]. - The chairman of the board, Zhang Guiquan, received a pre-tax remuneration of 1.5334 million yuan[91]. - The total number of ordinary shares at the end of the reporting period was 25,957,000, compared to 25,159,000 at the end of the previous month, indicating an increase[155]. - The largest shareholder, Shenzhen Guangju Investment Holding (Group) Co., Ltd., holds 55.54% of the shares, totaling 293,270,377 shares[155]. - The company has not issued any preferred shares during the reporting period[163].