SHANDONG POLYMER(SZ:002476)2023-04-19 16:00Financial Performance - The company's operating revenue for 2022 was ¥592,284,770.21, a decrease of 9.87% compared to ¥657,160,020.80 in 2021[22]. - Net profit attributable to shareholders increased by 65.09% to ¥29,630,378.11 in 2022 from ¥17,948,109.83 in 2021[22]. - The basic earnings per share rose by 65.19% to ¥0.0484 in 2022, compared to ¥0.0293 in 2021[22]. - The total assets at the end of 2022 were ¥1,039,968,863.39, reflecting a 4.80% increase from ¥992,377,094.35 at the end of 2021[22]. - The company reported a significant cash flow deficit from operating activities of ¥78,171,438.21 in 2022, worsening by 124.57% from a deficit of ¥34,809,678.63 in 2021[22]. - The company reported a total of ¥4,549,508.02 in non-recurring gains in 2022, compared to ¥2,949,303.64 in 2021[28]. - The weighted average return on equity increased to 3.47% in 2022 from 2.16% in 2021[22]. - The company achieved operating revenue of ¥592,284,770.21, a decrease of 9.87% compared to the previous year[40]. - Total revenue for 2022 was ¥592,284,770.21, a decrease of 9.87% compared to ¥657,160,020.80 in 2021[44]. - The company reported a significant increase in revenue from commodity trading, which rose by 428.15% to ¥20,775,120.19[44]. - Domestic revenue decreased by 22.44% to ¥432,891,924.52, while international revenue increased by 61.00% to ¥159,392,845.69[44]. - The gross profit margin for chemical raw materials and chemical products manufacturing improved to 18.16%, up from 15.50% in the previous year[46]. - The company reported a total revenue of 1.5 billion in 2022, representing a year-over-year increase of 10%[99]. - The company reported a total revenue of 3.1 billion in 2022, maintaining a stable performance compared to previous years[100]. Market Strategy and Expansion - The company plans to enhance its market expansion strategy by increasing participation in international exhibitions and leveraging e-commerce platforms to penetrate markets in North America, the Middle East, and Southeast Asia[33]. - The company aims to strengthen its sales system and improve after-sales technical service capabilities to meet the strategic needs of oilfield development[33]. - The company is focusing on the development of shale oil and gas supporting products, including three types of oil reservoir development agents and offshore oil extraction agents[33]. - The company plans to continue optimizing product structure and enhancing service quality to address challenges in overseas markets[49]. - The company aims to enhance market expansion in oilfield products, focusing on surfactants and offshore oilfield additives, while also targeting water treatment and paper-making markets[84]. - The company is actively pursuing new business opportunities in the mining sector to enhance operational efficiency and profitability[85]. - The company will continue to explore sustainable development strategies and seek high-quality assets for long-term growth[85]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 100 million allocated for potential deals[99]. - Market expansion plans include entering three new international markets by the end of 2023[99]. Research and Development - The company is developing a high-salt-resistant fracturing fluid with low residue and better shear resistance, aiming to expand its product market in oil and gas extraction[60]. - The new biocatalyst application technology is expected to improve production efficiency and product quality while reducing production costs[60]. - The company is conducting industrial trials for a new type of emulsified temperature-resistant salt-reducing agent, which is anticipated to enhance product performance and market competitiveness[61]. - A dual-effect heavy oil viscosity reducer is being developed, with the goal of reducing interfacial tension and improving oil washing efficiency[60]. - The company is optimizing the catalytic reaction process for acrylamide production, which is expected to enhance product quality and reduce production costs[60]. - The development of a low molecular weight anionic drilling fluid flocculant is aimed at improving mechanical drilling speed and reducing drilling costs[61]. - The company is working on a new production process for low residual single-phase emulsion polymer, which is expected to meet industry requirements in water treatment and oil extraction[61]. - A new granulation technology is being researched to produce ultra-low molecular weight polyacrylamide, which will extend shelf life and reduce transportation costs[61]. - The company is focusing on synthesizing a high-stability acid-thickening agent that meets temperature and acid requirements for various geological conditions[61]. - R&D investment increased by 13.79% to ¥25,485,989.84, representing 4.30% of operating revenue, up from 3.41% in the previous year[62]. - The number of R&D personnel remained stable at 69, with a slight increase in the proportion of R&D staff to total employees from 14.08% to 14.62%[62]. - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[103]. - The management team emphasizes the importance of innovation in product development to meet evolving market demands[104]. - The company plans to invest in research and development to support the launch of new products in the next fiscal period[103]. Governance and Management - The company has maintained a focus on risk management in its derivative trading, ensuring compliance with internal controls and regulatory requirements[77]. - The company reported no fundraising activities during the reporting period[78]. - The company has established a comprehensive procurement, production, and sales system, ensuring autonomous market operations[96]. - The board of directors and supervisory board operate independently, with no interference from the controlling shareholder[96]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate reporting of significant information[94]. - The independent directors actively participate in decision-making, ensuring fairness and objectivity[92]. - The company has established specialized committees to promote standardized operations and sustainable development[92]. - The company has a diverse management team with backgrounds in finance, auditing, and risk management[107]. - The company is focused on enhancing its governance structure through the appointment of qualified independent directors and supervisors[106]. - The company has implemented a monthly payment system for director and supervisor allowances, with performance bonuses distributed based on assessments[109]. - The board of directors held a total of 8 meetings during the reporting period, with all members attending their respective meetings without any absences[112]. - The company maintained a structured approach to internal control management, enhancing operational quality and risk prevention measures[117]. - The company has adhered to the requirements of the China Securities Regulatory Commission regarding integrity in operations, with no reported violations[121]. - The internal audit process has been deemed effective in promoting the company's operational integrity and compliance[119]. Environmental and Social Responsibility - Environmental protection expenditures totaled CNY 1,108,827.43 during the reporting period[143]. - The wastewater treatment facility has a processing capacity of 1,500 cubic meters per day and operates normally[140]. - The company implemented a rainwater and sewage diversion system in March 2022 to reduce environmental and soil pollution[140]. - The company has a waste gas treatment system in place, including a condensation absorption device for the acrylonitrile storage tank[139]. - The company has established an emergency response plan for potential environmental incidents, which has been filed with the local environmental authority[141]. - The company has a wastewater treatment agreement with Sinopec for deep processing and compliant discharge[140]. - The company has installed a chemical washing and biological deodorization system at its wastewater treatment facility[139]. - The company has ceased operation of a 40-ton/hour coal-fired steam boiler, switching to centralized heating to reduce carbon emissions[143]. - The company did not face any administrative penalties related to environmental issues during the reporting period[144]. - The company conducted 18 safety inspections in 2022, identifying 137 hazards, all of which were rectified within the designated period[146]. - There were no major safety incidents reported during the year[147]. - The company has not engaged in poverty alleviation or rural revitalization efforts during the reporting period[148]. Shareholder and Equity Information - The company reported a total of 43,575 shareholders at the end of the reporting period[187]. - The largest shareholder, Tibet Taiyi Feng Information Technology Co., Ltd., holds 96,698,030 shares, representing 15.80% of total shares[188]. - The second-largest shareholder, Wu Hao, owns 34,145,176 shares, which is 5.58% of total shares[188]. - The total number of shares after the recent changes is 612,000,000, maintaining a 100% ownership structure[185]. - The number of restricted shares decreased by 2,325, resulting in a total of 49,050 restricted shares, which is 0.01% of total shares[184]. - The unlimited sale condition shares increased by 2,325, bringing the total to 611,950,625, which accounts for 99.99% of total shares[184]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[191]. - The audit report issued by the accounting firm indicates a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position as of December 31, 2022[199]. - The company has not reported any significant changes in the shareholding structure or any pledges of shares by major shareholders[192]. - The company has not engaged in any repurchase transactions during the reporting period[192]. - There are no preferred shares or bond-related issues reported for the company during the period[194][197].