HJKJ(SZ:000818)2023-04-27 16:00Financial Performance - The company reported a total revenue of 679,156,000 RMB for the year 2022, with a cash dividend of 0.6 RMB per 10 shares distributed to all shareholders[4]. - The company's operating revenue for 2022 was ¥4,291,914,778.82, a decrease of 11.66% compared to ¥4,858,570,751.27 in 2021[14]. - Net profit attributable to shareholders for 2022 was ¥229,769,926.14, down 68.62% from ¥732,306,304.55 in 2021[14]. - The basic earnings per share for 2022 was ¥0.34, a decline of 68.95% from ¥1.08 in 2021[14]. - Total assets at the end of 2022 were ¥5,114,762,635.70, a decrease of 2.58% from ¥5,250,366,452.34 at the end of 2021[14]. - The company's net assets attributable to shareholders increased by 4.76% to ¥3,610,815,240.41 in 2022 from ¥3,446,853,029.38 in 2021[14]. - The average return on equity for 2022 was 6.51%, down from 23.00% in 2021, reflecting a decrease of 16.49%[14]. - The company achieved a consolidated revenue of CNY 4.292 billion, a year-on-year decline of 11.66%[38]. - The net profit attributable to the parent company was CNY 230 million, down 68.62% year-on-year[38]. - The total comprehensive income attributable to the parent company for 2022 was CNY 230,306,785.24, down from CNY 732,218,815.16 in 2021, indicating a decrease of approximately 68.65%[185]. Strategic Focus - The company has shifted its strategic focus to three main sectors: chemicals, military, and electronics, aiming to strengthen its electronics segment[11]. - The company's strategic direction focuses on three main sectors: chemicals, military, and electronics, aiming for collaborative growth among these sectors[25]. - The military sector's core products include storage chips and various specialized chips, with applications in aerospace and military equipment[26]. - The electronics sector's products include RF chips and communication antennas, widely used in communication and medical electronics[26]. - The chemical sector primarily produces caustic soda, propylene oxide, and polyether, serving major state-owned enterprises in Northeast China[27]. Market Environment - The company faced a challenging market environment in 2022 due to geopolitical conflicts and high inflation, leading to a decline in demand and pricing pressures[21]. - The price of the company's main product, caustic soda, experienced significant fluctuations, with a notable increase in the first half of the year followed by a decline in the second half[21]. - The epoxy propane market showed a continuous downward trend, with prices reaching five-year lows due to oversupply and weak demand[21]. Research and Development - The company has completed the development of several new products, including a 4-line serial interface I/O expander and a low-voltage SIM card level converter, with small batch production initiated[53][54]. - The company has filed two utility model patents related to the research on PVC resin particle size and morphology technology[57]. - The company has industrialized the production of low VOC high-activity polyether polyol, enhancing market competitiveness[57]. - The company achieved a 15.94% increase in R&D investment, totaling ¥150,766,500.05 in 2022 compared to ¥130,036,457.63 in 2021[58]. - R&D investment as a percentage of operating revenue rose to 3.51% in 2022 from 2.68% in 2021, marking an increase of 0.83%[58]. Risk Management - The company faced risks including industry fluctuations, policy changes, and R&D failures, which are detailed in the management discussion section[4]. - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements made in the report[3]. - The company has established an independent management structure, with separate management of personnel, assets, finance, and operations from the controlling shareholder[81]. Governance and Shareholder Engagement - The company has established a comprehensive governance structure with independent directors and specialized committees to ensure decision-making quality[80]. - The first extraordinary shareholders' meeting in 2022 had an investor participation rate of 21.68% and approved the comprehensive credit limit plan for 2022[82]. - The annual shareholders' meeting in 2021 had a participation rate of 27.81% and approved multiple reports including the annual financial report and profit distribution plan[83]. - The company has a complete financial accounting system with independent personnel and bank accounts, ensuring robust financial management[81]. Environmental Management - The company operates a self-owned wastewater treatment plant with a design capacity of 1,500 tons/hour, currently running normally and meeting discharge standards for TOC and ammonia nitrogen[123]. - The company has a valid pollution discharge permit from June 29, 2020, to June 28, 2025, with no instances of exceeding discharge limits reported[122]. - The company reported a total carbon emission of 464,900 tons in 2021, with a projected reduction to 436,220 tons in 2022 due to implemented measures[125]. - The company has established an emergency response plan for environmental incidents to ensure rapid response and effective management[123]. Future Outlook - The company plans to apply for a total credit limit of 8 billion yuan from banks and financial institutions to meet production and investment needs in 2023[77]. - The company aims to produce 432,000 tons of caustic soda, 120,500 tons of propylene oxide, and 74,000 tons of polyether in 2023[76]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[92]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on market expansion strategies[92].