WINNERWAY(SZ:000573)2023-03-31 16:00Dividend and Financial Performance - The company plans to distribute a cash dividend of 0.8 yuan per 10 shares to all shareholders, based on a total of 638,280,604 shares [4]. - The company's operating revenue for 2022 was ¥947,381,778.01, a decrease of 21.81% compared to ¥1,211,711,620.31 in 2021 [17]. - The net profit attributable to shareholders for 2022 was ¥41,552,025.96, down 70.45% from ¥140,619,189.57 in 2021 [17]. - The basic earnings per share for 2022 was ¥0.0651, a decrease of 70.45% from ¥0.2203 in 2021 [17]. - The total comprehensive income attributable to the parent company was CNY 41,389,775.96, down 70.61% year-on-year [71]. - The company’s gross margin for the recycling of waste lead-acid batteries was -0.78%, reflecting a slight decrease compared to the previous year [52]. - The company reported a significant decrease in total profit, down 80.58% to CNY 36,008,876.07, largely due to lower sales profits from real estate projects [71]. - The cash dividend distribution accounted for 100% of the total profit distribution amount [185]. Business Operations and Strategy - The company has undergone several changes in its main business operations since its listing, including real estate development and high-tech product production [16]. - The company has a history of diversifying its business, including ventures into bio-pharmaceuticals and renewable resources [16]. - The company is actively expanding its land reserves, with a total land area of 27.52 million square meters and a total building area of 106.94 million square meters across various projects [33]. - The company is focusing on risk management and has been cautiously expanding quality cooperative projects despite the market downturn [31]. - The company is actively seeking diversification and innovation while solidifying its core business [47]. - The company is exploring investment opportunities in the recycling of new energy vehicle batteries and related environmental governance projects [42]. - The company is committed to enhancing its operational efficiency through automation in the processing of lead-acid battery waste [28]. - The company is focused on maintaining effective management of new projects and adapting to policy and market changes to accelerate project implementation [150]. Market and Economic Conditions - The company emphasizes the importance of understanding the risks associated with external economic uncertainties, policy risks, and market risks [3]. - In 2022, the real estate market in Dongguan saw a significant decline, with new housing online signing sales totaling approximately 343.85 million square meters, a year-on-year decrease of 32.74% [31]. - Major risks include macroeconomic uncertainty, industry policy risks, and market risks, with a focus on the impact of global economic downturns and regulatory changes in the real estate sector [147]. - The company anticipates that the real estate market in the Greater Bay Area will continue to have significant development potential despite current economic uncertainties [142]. Financial Management and Governance - The company has established a comprehensive risk management system for its commodity futures hedging activities [91]. - The company has a strong management team with extensive experience, including Chairman Zhou Mingxuan, who has been with the company since 1995 [162]. - The company has established a sound internal management and control system in accordance with relevant laws and regulations since its listing [193]. - The company has maintained a stable management structure with key personnel in place for effective decision-making [166]. - The company has a cash dividend policy that specifies a minimum distribution of 40% of profits during the mature stage of development, with a proposed cash dividend of 0.8 yuan per share, totaling approximately 51,062,448.32 yuan [185]. Environmental and Regulatory Compliance - The company adheres to strict environmental standards during production, including compliance with various pollution control laws [196]. - The company has implemented measures to ensure emissions remain within the permitted limits, demonstrating commitment to environmental standards [199]. - The hazardous waste operating license was first obtained in May 2016 and has been renewed multiple times, reflecting ongoing compliance and operational capability [197]. - The company is actively involved in the recycling of non-ferrous metals, contributing to sustainable waste management practices [200]. Subsidiaries and Investments - The company established two new subsidiaries in 2022, including Guangdong Hongyuan New Materials Technology Co., Ltd. and Guangdong Hongyuan Ecological Environment Technology Co., Ltd. [59][60]. - The company’s subsidiary, Yingde Xinyu Company, specializes in recycling lead waste and has all necessary permits for its operations [118]. - The company is in the process of transferring 70% of its stake in Guizhou Hongtai, which is expected to positively impact its financial status [47]. - The company’s subsidiary, Guizhou Hongtai Mining Co., is involved in coal mining and sales, with total assets of CNY 156,901,968.66 [103]. Research and Development - The company is committed to ongoing research and development of new products and technologies to maintain competitive advantage [158]. - A new technology for lead recycling is under development, with an expected launch in Q3 2023, which could improve efficiency by 30% [1]. - The company plans to establish a demonstration line for the tiered utilization and dismantling of power batteries in the new energy vehicle sector [145]. Shareholder Engagement and Meetings - The annual shareholders meeting had a participation rate of 23.22% on May 10, 2022, where key resolutions included the approval of the 2021 annual financial report and profit distribution plan [158]. - The first extraordinary shareholders meeting in 2022 had a participation rate of 23.21% on August 22, 2022, approving a capital increase and financial support for Dongguan Wan Heng Real Estate Co., Ltd. [158]. - The second extraordinary shareholders meeting in 2022 had a participation rate of 23.12% on November 24, 2022, approving the transfer of equity and debt of Guizhou Hongtai Mining Co., Ltd. [158].