RTGF(002440)2023-04-28 16:00Financial Performance - The company aims to achieve total operating revenue of no less than 5.5 billion RMB and a total profit of no less than 700 million RMB in 2023[4]. - The company's operating revenue for 2022 was CNY 6,267,967,750.59, an increase of 12.49% compared to CNY 5,572,265,054.85 in 2021[24]. - The net profit attributable to shareholders decreased by 27.42% to CNY 606,513,340.41 from CNY 835,615,920.37 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was CNY 419,330,184.25, down 30.96% from CNY 607,377,790.11 in 2021[24]. - The net cash flow from operating activities increased by 48.64% to CNY 883,210,953.93 compared to CNY 594,192,754.82 in 2021[24]. - The company's operating profit for 2022 was 871 million yuan, a decrease of 16.68% year-on-year[53]. - The total dye production for 2022 reached 166,000 tons, representing a year-on-year growth of 14.32%[53]. - The dye sales volume for 2022 was 157,800 tons, an increase of 6.89% year-on-year[53]. - The revenue from dyes was approximately ¥3.66 billion, accounting for 58.41% of total revenue, with a slight increase of 2.06% compared to the previous year[57]. - The company reported a total revenue of 673,553,665.58 CNY from its subsidiary, Run土热电, with a net profit of 129,222,260.41 CNY[95]. Dividend and Profit Distribution - The profit distribution plan approved by the board is to distribute a cash dividend of 2.5 RMB per 10 shares (including tax) based on a total of 1,123,999,905 shares[9]. - The total distributable profit for the parent company was 3,811,493,007.56 CNY, with the cash dividend accounting for 100% of the profit distribution[144]. - The company reported a cash dividend of 2.50 CNY per 10 shares, totaling 280,999,976.25 CNY for the period[143]. - The company has not proposed any cash dividend distribution plan despite having positive distributable profits[143]. Market and Industry Conditions - The company acknowledges market risks due to increased competition in the dye industry, which may lead to price fluctuations and reduced capacity utilization[9]. - The company operates in the dye manufacturing industry, which is facing challenges due to a decline in global textile demand and geopolitical factors[33]. - In 2022, the dyeing industry in China saw a production volume of 55.622 billion meters, a year-on-year decrease of 7.52%[36]. - The retail sales of clothing, shoes, and textiles in China fell by 6.5% in 2022, a decline of 19.2 percentage points compared to the same period in 2021[36]. Environmental and Safety Management - The company emphasizes safety and environmental protection in its operations, investing in advanced safety management methods to enhance production safety[6][7]. - The company plans to increase its investment in environmental protection in response to the new Environmental Protection Law, which may affect raw material supply and operational strategies[8]. - The company achieved zero major environmental pollution incidents in 2022, reflecting its commitment to quality and environmental management[54]. - The company has established comprehensive waste treatment facilities to minimize negative environmental impacts[152]. - The company has implemented a comprehensive pollution control strategy, including rainwater and sewage diversion systems within its production facilities[160]. - The company has achieved compliance with all major environmental discharge standards[157]. Research and Development - The company has applied for 248 invention patents and 33 utility model patents related to its core technologies[41]. - The company invested 245.6343 million yuan in R&D during the reporting period, resulting in 25 authorized invention patents[51]. - The company is committed to increasing R&D investment to accelerate the development of new products and the technological transformation of existing products[96]. - Runtu is investing heavily in R&D, with a budget allocation of 100 million RMB for new product development in the upcoming year[125]. Governance and Management - The company maintains a strong governance structure, ensuring independence from its controlling shareholder and compliance with relevant laws and regulations[109]. - The company has established an independent financial accounting department with a complete financial accounting system, enabling independent financial decision-making and tax compliance[114]. - The total remuneration for directors, supervisors, and senior management in 2022 amounted to 7.42 million yuan, a decrease from 8.215 million yuan in 2021[129]. - The company employs a performance assessment system to determine the annual salary of senior management based on operational performance and individual achievements[129]. Future Strategies - The company aims to enhance its competitiveness by implementing a "backward integration" strategy to extend its industrial chain and reduce production costs[38]. - The company plans to enhance production efficiency through capacity integration and the elimination of outdated capacity, while advancing towards high-end and differentiated products[99]. - The company is focused on expanding its market presence while adhering to environmental regulations[157]. - Looking ahead, the company projects a revenue growth target of 20% for 2023, aiming to reach 1.44 billion RMB[125].