英力特(000635) - 2022 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2022 was ¥1,875,055,662.33, a decrease of 18.30% compared to ¥2,294,978,165.85 in 2021[24]. - The net profit attributable to shareholders for 2022 was -¥388,869,180.67, representing a decline of 9,154.09% from a profit of ¥4,294,957.73 in 2021[24]. - The net cash flow from operating activities was -¥161,583,645.97 in 2022, a significant decrease of 209.59% compared to ¥147,448,011.22 in 2021[24]. - The basic earnings per share for 2022 was -¥1.28, a drop of 12,900.00% from ¥0.01 in 2021[24]. - Total assets at the end of 2022 were ¥2,731,370,695.47, down 10.62% from ¥3,055,844,326.25 at the end of 2021[24]. - The net assets attributable to shareholders decreased by 14.62% to ¥2,269,122,477.13 at the end of 2022 from ¥2,657,801,545.36 at the end of 2021[24]. - The company achieved a main business revenue of 1.846 billion yuan, a decrease of 18.48% year-on-year, and a net profit attributable to the parent company of -388.8692 million yuan, a decrease of 393.1641 million yuan year-on-year[57]. - Total revenue for 2022 was ¥1,875,055,662.33, a decrease of 18.30% compared to ¥2,294,978,165.85 in 2021[63]. - PVC revenue decreased by 33.72% to ¥1,093,283,525.39, accounting for 58.31% of total revenue[63]. - The revenue from caustic soda increased by 97.62% to ¥449,435,878.92, representing 23.97% of total revenue[63]. Business Operations - The company’s main business includes the production and sales of calcium carbide, lime nitrogen, dicyandiamide, caustic soda, PVC resin, liquid chlorine, and hydrochloric acid[21]. - The company has undergone several changes in its main business operations since its establishment in 1996, with the latest change in 2021 focusing on basic chemical raw material manufacturing[22]. - The company continues to maintain a stable supplier and customer base, with its main performance drivers being macroeconomic growth and the real estate industry's health[34]. - The company is applying for environmental impact assessments for its hazardous waste storage facility, with approval received on December 7, 2022[51]. - The company is advancing a project to upgrade calcium carbide production capacity to 300,000 tons annually and is also developing distributed photovoltaic projects[58]. - The company has adopted advanced technologies in its production processes, including high current density electrolysis and closed-loop water usage in the chlor-alkali production line[56]. - The company has focused on safety and environmental protection, implementing a comprehensive safety management system and conducting regular safety training and emergency drills[58]. Market Conditions - The company faced high costs and low demand in the chlor-alkali industry due to geopolitical and economic uncertainties in 2022[35]. - In 2022, the domestic calcium carbide production capacity was approximately 41.7 million tons, with a net increase of 200,000 tons, and the average industry scale was about 347,500 tons[37]. - The average price of domestic ethylene-based PVC was approximately 6,300 RMB/ton, and calcium carbide-based PVC was about 6,100 RMB/ton, representing a nearly 30% decrease from the beginning of the year[41]. - The company's PVC production scale is 260,000 tons, which is below the industry average of 400,000 tons per year[44]. - The company's caustic soda production capacity is 210,000 tons, which is also below the industry average[47]. Risk Management - The company faced various risks including market competition, investment risks, safety production, quality, environmental risks, policy risks, and operational efficiency risks[4]. - The company emphasizes the importance of risk awareness in its forward-looking statements regarding future plans[4]. - The company has strengthened its compliance and risk management systems to ensure legal and regulatory adherence[59]. - The company emphasizes the importance of timely monitoring and understanding changes in national laws, regulations, and policies to mitigate investment risks[99]. Corporate Governance - The company reported a significant improvement in governance, enhancing internal control systems and investor relations management[113]. - The board of directors consists of 9 members, including 3 independent directors with expertise in accounting, law, and chemical engineering[115]. - The company maintains financial independence with a complete financial management system and separate bank accounts[120]. - The company has established a complete and independent corporate governance structure in accordance with the Company Law and relevant regulations[121]. - The company has implemented a network voting system for shareholder meetings, promoting equal participation for minority shareholders[114]. - The company has established a comprehensive evaluation system for senior management, linking their compensation to performance metrics and company goals[192]. Employee Management - The total number of employees at the end of the reporting period is 2,009, with 1,639 in production, 23 in sales, 193 in technical roles, 18 in finance, and 136 in administration[173]. - The company invested CNY 1.4589 million in employee training during the reporting period, conducting 448 training sessions with 18,508 participants[176]. - The company has implemented a broad-based compensation system focused on job value, performance, and capability, optimizing performance bonuses to favor frontline employees[175]. - The company has established a performance evaluation system to enhance employee performance and stabilize labor relations[175]. Future Outlook - The company plans to produce 249,700 tons of calcium carbide, 238,400 tons of PVC (including resin), and 176,000 tons of caustic soda in 2023, subject to various uncertainties[90]. - The company aims to complete the 300,000-ton calcium carbide technical transformation project within the year to enhance its integrated industrial chain[93]. - The company plans to focus on expanding its caustic soda production due to increased demand and favorable market conditions[66]. - The company is exploring new energy projects and technologies to align with industry trends and enhance its market position[109]. - The company has set a future outlook with a revenue target of 1.5 billion RMB for 2023, indicating a projected growth of 25%[138].