东华能源(002221) - 2022 Q4 - 年度财报

Financial Performance - In 2022, the company's operating revenue was ¥29,198,998,605.42, representing a 1.80% increase compared to ¥26,367,072,956.07 in 2021[40] - The net profit attributable to shareholders was ¥42,513,649.57, a significant decrease of 96.70% from ¥1,139,939,187.34 in the previous year[40] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥19,853,949.90, down 98.39% from ¥1,088,266,091.60 in 2021[40] - The net cash flow from operating activities was -¥906,963,106.42, a decline of 164.82% compared to ¥1,178,181,214.36 in 2021[40] - The total operating revenue for the year was approximately ¥29.19 billion, with quarterly revenues of ¥6.99 billion, ¥8.21 billion, ¥6.82 billion, and ¥7.19 billion respectively[44] - The net profit attributable to shareholders for the year was approximately -¥116 million, with quarterly figures of ¥106.72 million, ¥39.18 million, ¥12.62 million, and -¥116.01 million[44] - The company reported a significant decrease in non-recurring gains and losses, totaling approximately ¥51.67 million for the year, down from ¥168.16 million in the previous year[65] - The gross profit margin for polypropylene was 4.12%, with a significant year-on-year revenue increase of 22.24%[88] - The gross profit margin for the overall operating revenue decreased by 5.48% compared to the previous year[88] Assets and Liabilities - The total assets at the end of 2022 were ¥41,360,627,225.52, an increase of 11.81% from ¥35,947,388,107.11 at the end of 2021[40] - The net assets attributable to shareholders decreased by 7.50% to ¥10,339,927,984.33 from ¥10,842,000,106.94 in 2021[40] - The company's fixed assets decreased by 4.41% from 11,860,965,937.99 CNY in 2021 to 11,436,475,948.17 CNY in 2022[119] - Long-term borrowings increased by 5.71%, rising from 5,017,798,492.74 CNY in 2021 to 7,971,922,078.22 CNY in 2022[119] - The total value of restricted assets reached ¥18,239,177,551.19, with fixed assets accounting for ¥10,183,798,034.29, mainly mortgaged for loans[120] Research and Development - The company plans to enhance its technological innovation capabilities through independent or joint research and development[28] - Research and development expenses increased by 7.43% to ¥16,071,055.87 compared to the previous year[103] - The number of R&D personnel rose from 45 in 2021 to 51 in 2022, a growth of 13.33%[108] - R&D investment increased by 22.74% from 116,459,019.18 CNY in 2021 to 142,941,696.76 CNY in 2022, representing 0.49% of operating revenue[110] - The company’s core technology personnel are all formally employed with a stable background in chemical engineering, enhancing its R&D capabilities[78] Market and Sales - The production and sales segment contributed ¥28.94 billion, accounting for 99.13% of total revenue, with a growth of 2.29% compared to the previous year[86] - The company’s revenue from liquefied petroleum gas (LPG) was approximately ¥15.13 billion, accounting for 51.83% of total revenue, showing a decrease of 4.21% year-on-year[86] - The total sales volume of propylene was 13.34 million tons, generating revenue of ¥896,887,888.41, reflecting a year-on-year decrease of 56.66%[96] - The company’s sales in Jiangsu province amounted to ¥4,733,652,228.91, with a year-on-year increase of 16.21%[90] Environmental and Regulatory Compliance - The company reported a total of 10,305,023.16 RMB in environmental protection investments for the Zhangjiagang base in 2022, with environmental protection tax payments amounting to 2,004,408.29 RMB[182] - The estimated environmental investment for the first phase of the alkane resource comprehensive utilization project in Maoming is approximately 31,200 million RMB[182] - The company has established a comprehensive corporate environmental management system and management regulations to comply with environmental laws and standards[198] - The company has implemented a rainwater and wastewater separation system to ensure that pollutants meet discharge standards[182] - The company has developed emergency response plans for environmental incidents at its Ningbo and Zhangjiagang bases, with the Ningbo plan filed under registration number 330206(D)2021-021-H[182] Strategic Initiatives - The company is focusing on the development of the acrylonitrile and carbon fiber industry chain for transformative growth[26] - The company is positioned to leverage its advantages in the Maoming area to become a leading new materials production base, supported by local government initiatives[52] - The company is actively applying for environmental permits for new projects, including the Maoming alkane resource comprehensive utilization project[52] - The company is currently constructing a new project in Maoming, which includes a 600,000 tons/year PDH unit and a 400,000 tons/year PP unit, now in the trial operation phase[75] - The company signed a strategic cooperation agreement with China National Nuclear Corporation to develop a zero-carbon industrial park in Maoming[74] Governance and Management - The company has established a complete and independent financial accounting system, ensuring no interference from the controlling shareholder in financial activities[126] - The company held six shareholder meetings, thirteen board meetings, and eight supervisory board meetings during the reporting period, ensuring compliance with legal requirements[124] - The board of directors has not received any objections from directors regarding company matters during the reporting period[160] - The supervisory board found no risks during its oversight activities in the reporting period[162] - The company experienced changes in its board and management, with several key personnel resigning in 2022, including the vice general manager and board member due to personal reasons[150]