DYMATIC CHEM(SZ:002054)2023-04-20 16:00Financial Performance - The company's operating revenue for 2022 was ¥3,274,541,268.40, representing a 63.96% increase compared to ¥1,997,142,738.51 in 2021[6]. - The net profit attributable to shareholders decreased by 58.10% to ¥86,402,042.97 in 2022 from ¥206,215,709.94 in 2021[6]. - The cash flow from operating activities increased significantly by 446.90% to ¥371,903,052.70 in 2022, compared to ¥68,002,262.88 in 2021[6]. - The total assets at the end of 2022 were ¥7,500,301,844.47, a 32.15% increase from ¥5,675,419,258.88 at the end of 2021[6]. - The basic earnings per share decreased by 58.75% to ¥0.1792 in 2022 from ¥0.4344 in 2021[6]. - The company reported a quarterly revenue of ¥1,447,609,853.40 in Q4 2022, contributing significantly to the annual revenue[22]. - The net profit attributable to shareholders in Q4 2022 was negative at -¥27,616,735.72, indicating challenges in the last quarter[22]. - The company achieved a consolidated revenue of 3,274.54 million yuan in 2022, representing a growth of 63.96% compared to the previous year[56]. - The net profit attributable to shareholders was 86.40 million yuan, a decrease of 58.10% year-on-year[56]. - The total sales volume for petrochemical products reached 189,951.49 tons, a staggering increase of 728.33% from the previous year[66]. - The production volume of petrochemical products was 197,370.62 tons, reflecting a significant increase of 5,069.15% compared to 3,818.24 tons in 2021[66]. Dividend Distribution - The company plans to distribute a cash dividend of 0.7 RMB per 10 shares to all shareholders, based on a total of 482,115,452 shares[5]. - The total cash dividend distributed to shareholders amounted to 33,748,081.64 yuan, representing 100% of the profit distribution total[189]. - The company has a minimum cash dividend policy of at least 10% of the distributable profits after statutory and discretionary reserves are deducted, as per the shareholder return plan for 2020-2022[187]. - The undistributed profits as of December 31, 2022, were 1,476,449,954.83 yuan for the consolidated balance sheet and 983,055,511.61 yuan for the parent company[191]. Market Expansion and Strategy - The company is actively expanding into Southeast Asian markets, including Indonesia, Pakistan, India, Bangladesh, Thailand, and Vietnam, by establishing local subsidiaries[52]. - The company plans to enhance its market presence through strategic acquisitions and partnerships in the fine chemical sector[91]. - The company is focusing on the development of functional and environmentally friendly textile chemicals, responding to market demand trends[30]. - The company anticipates a revenue growth of 85.4% in its overseas markets, particularly in Peru, driven by recent acquisitions and market expansion strategies[92]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2025[166]. - The company is exploring potential acquisitions to enhance its market position, targeting firms with complementary technologies[158]. Research and Development - The company plans to enhance its R&D capabilities to align with market needs and technological advancements in the chemical industry[30]. - The company has a total of 88 valid invention patents and 61 utility model patents in textile chemicals, indicating a strong focus on R&D[48]. - Research and development expenses increased by 5.35% to ¥108,017,289.08, accounting for 3.30% of total revenue[76]. - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing product efficiency and sustainability[158]. - The company is committed to developing new products and processes in the textile chemical industry to meet differentiated and high-end customer needs[118]. Operational Efficiency and Cost Management - The company emphasizes the importance of safety production management to control safety risks inherent in the chemical industry[5]. - The company will strengthen internal management to track raw material price trends and take timely measures to reduce risk impacts[4]. - The energy procurement price accounts for over 30% of the total production cost, highlighting the importance of energy management in operations[48]. - The company is focusing on integrated supply chain management to optimize resource allocation across R&D, procurement, production, and logistics[123]. - The company is implementing a comprehensive BI system to drive digital operations and improve overall work efficiency through system integration[124]. Risk Management - The company faces risks related to fluctuations in raw material prices, particularly those based on petroleum, due to uncertain economic conditions[4]. - The company acknowledges the risk of international exchange rate fluctuations affecting its operational funds, revenues, and costs[5]. - The company is actively responding to international exchange rate risks by strengthening its risk management mechanisms[132]. - The company is enhancing customer credit management to mitigate risks associated with rising labor and environmental costs[130]. Environmental and Social Responsibility - The company will increase investment in environmental protection facilities to comply with tightening environmental regulations[5]. - The company is committed to HSE management, aiming for "zero accidents" and compliance with safety and environmental standards[128]. - The company has established a tarra ecological industry model in Peru, promoting local employment and ecological restoration while producing tarra products like tarra gum and tarra powder for various applications[37]. - The company is developing new high-end environmentally friendly materials, with a project investment of RMB 8.90 million[94]. Corporate Governance - The company held a total of 3 shareholder meetings during the reporting period, including 1 annual and 2 temporary meetings, ensuring equal rights for all shareholders, especially minority shareholders[136]. - The company issued 139 announcements in 2022, including regular reports and temporary announcements, ensuring timely and accurate information disclosure[139]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, institutions, and finance[141]. - The company has established an independent financial management system, with sufficient accounting personnel and independent bank accounts[147]. Human Resources - The total number of employees at the end of the reporting period was 1,739, with 468 in the parent company and 1,271 in major subsidiaries[182]. - The company invested approximately 1 million yuan in employee training and development in 2022, with a total training time of about 25,404 hours, averaging 14.6 hours per employee[184]. - The company has a total of 115 employees with a master's degree or higher, indicating a strong educational background among its workforce[182]. - The company has established a salary system that emphasizes internal equity and external competitiveness, ensuring fair compensation for its management personnel[183]. Future Outlook - Future guidance indicates a continued emphasis on market expansion and investment in innovative technologies to drive growth[91]. - The company has set a revenue guidance of 1.8 billion RMB for the fiscal year 2023, projecting a growth of 20% compared to 2022[158]. - The company plans to enhance R&D capabilities by increasing investment in hardware and software, aiming to solidify its core competitive advantages through innovation[122].