HBYH(SZ:000422)2023-04-14 16:00Investment and Capital Increase - The company approved an investment of CNY 356,786 million to construct a 550,000 tons/year methanol project, with expected outputs of 460,000 tons/year of liquid ammonia and 90,000 tons/year of methanol[5]. - The company converted a CNY 1,000 million loan to equity in Xinjiang Yihua Chemical Co., increasing its ownership to 35.597% and raising Xinjiang Yihua's registered capital to CNY 4,500 million[2]. - The company completed a capital increase of CNY 104,000 million in its wholly-owned subsidiary, Hubei Xinyi Chemical Co., raising its registered capital to CNY 105,000 million[5]. - The company invested CNY 17,640 million in Yichang Bangpu Yihua Environmental Technology Co., increasing its registered capital to CNY 36,000 million, with a 49% ownership stake[6]. - The company approved a capital increase of CNY 69,930 million in Shitanli Yihua New Materials Co., raising its registered capital to CNY 200,000 million, with a 35% ownership stake[8]. - The company completed the registration of changes for Hubei Yihua Degradable New Materials Co. after a capital increase of CNY 13,000 million, raising its registered capital to CNY 15,000 million[11]. Financial Performance - In 2022, the company achieved a total operating revenue of 20.71 billion yuan, representing a year-on-year increase of 11.69%[35]. - The total profit reached 2.97 billion yuan, with a year-on-year growth of 32.32%[35]. - The net profit attributable to shareholders was 2.16 billion yuan, reflecting a year-on-year increase of 37.94%[35]. - The company’s fertilizer products generated 9.11 billion yuan in revenue, accounting for 44.00% of total revenue, with a year-on-year increase of 22.40%[37]. - The chemical products segment contributed 9.47 billion yuan, representing 45.71% of total revenue, with a year-on-year growth of 2.24%[37]. Production Capacity and Market Position - The company has a urea production capacity of 1.56 million tons per year, ranking among the industry leaders[28]. - The company is the largest producer of pentaerythritol in Asia and the second largest globally, with a production capacity of approximately 60,000 tons per year[29]. - The company’s phosphoric acid diammonium production capacity is 1.26 million tons per year, ranking fourth in market share nationally[28]. - The company has a PVC production capacity of 840,000 tons per year, placing it among the top ten producers in China[28]. Research and Development - The company increased its R&D personnel from 600 to 794, representing a 32.33% increase, with R&D personnel now accounting for 10.00% of the total workforce[86]. - R&D investment amounted to ¥735,343,108.94, an increase of 3.48% compared to the previous year[90]. - The company is developing a new biodegradable material PBAT, achieving a tensile strength of over 14 MPa and a strain of over 400%[80]. - The company is conducting trials for new technologies in the production of methanol from carbon dioxide and the production of molecular sieves from silicon slag[83]. Environmental and Compliance Measures - The company’s environmental protection measures have ensured compliance with national standards, enhancing its competitive advantage as environmental regulations tighten[33]. - The phosphorus wastewater treatment project aims for a recovery rate of 85%, with a water resource reuse rate reaching 80%, significantly reducing harmful discharges[75]. - The project on harmless treatment technology for phosphogypsum has been completed, achieving a 20% reduction in energy consumption compared to conventional flotation equipment[77]. Corporate Governance - The company held a temporary shareholders' meeting to approve the amendments to the Articles of Association and governance rules, enhancing corporate governance[1]. - The company completed the election of the 10th Board of Directors and Supervisory Board, consisting of 15 directors, including 8 independent directors and 7 non-independent directors[171]. - The company has revised 11 corporate governance rules and established 6 new governance guidelines to enhance its internal governance structure[171]. - The company ensures compliance with legal regulations in convening and conducting shareholder meetings, allowing equal voting rights for all shareholders, especially minority shareholders[172]. Strategic Focus and Future Plans - The company plans to focus on the phosphate and fluorine industry, emphasizing the development of high-value-added phosphate chemical projects such as high-grade flame retardants and electronic-grade phosphoric acid[157]. - The company aims to develop a lithium battery chemical industry chain, including cathode materials and electrolytes, targeting the sodium battery storage market as a key growth area[158]. - The company is committed to upgrading its fine chemical products and developing new varieties of polyols, aiming for import substitution and enhancing product quality[161].