浙江众成(002522) - 2022 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2022 was ¥1,884,273,321.41, an increase of 4.92% compared to ¥1,795,970,214.16 in 2021[21]. - The net profit attributable to shareholders decreased by 13.63% to ¥153,424,093.28 from ¥177,636,979.44 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥141,608,869.82, down 11.85% from ¥160,636,346.36 in 2021[21]. - The net cash flow from operating activities increased by 23.53% to ¥274,485,098.02, compared to ¥222,209,108.70 in 2021[21]. - The total assets at the end of 2022 were ¥3,666,434,392.72, a 2.22% increase from ¥3,586,793,973.50 at the end of 2021[21]. - The net assets attributable to shareholders rose by 6.61% to ¥2,160,639,000.11 from ¥2,026,672,397.46 in 2021[21]. - The basic earnings per share decreased by 15.00% to ¥0.17 from ¥0.20 in the previous year[21]. - The weighted average return on equity was 7.33%, down from 9.05% in 2021[21]. - The company reported a total of ¥11,815,223.46 in non-recurring gains and losses for 2022, compared to ¥17,000,633.08 in 2021[27]. Business Operations - The company has shifted its main business focus since 2018 to include both POF shrink film products and thermoplastic elastomer products[19]. - The company operates in the plastic packaging film manufacturing industry, specifically in the heat shrink film sector, which is experiencing stable growth due to increasing demand in the fast-moving consumer goods market[31]. - The company is the largest POF shrink film manufacturer in China, producing over 40,000 tons of products in 2022, maintaining a leading position in the industry[34]. - The company has established a production capacity of approximately 70,000 tons for thermoplastic elastomers, with a utilization rate of 94.05%[41]. - The company has successfully developed high-value-added products such as SEP, SEPS, and SEBS, which are now applied in various fields including optical communication and adhesives[35]. - The company has maintained a stable production of environmentally friendly SBS and hydrogenated products, with the second production line launched in 2019[35]. - The company has developed a total of 8 series of products, including POF ordinary film, POF cross-linked film, and POF high-performance film, enhancing its product diversity[47]. Investment and Development - The company has invested 160.95 million yuan in a new production line for 30,000 tons of new polyethylene shrink film, with a construction progress of about 56%[41]. - The company has initiated several R&D projects, including the development of high-barrier EVOH shrink films and PVDF piezoelectric films, aimed at enhancing product offerings and market competitiveness[72]. - The company has committed to a strategy of focusing on core business and steady development in 2023[105]. - The company aims to enhance its R&D efforts for high-value products such as thermoplastic elastomers and high-barrier shrink films[106]. - The company has allocated 100 million RMB for R&D in new technologies over the next two years[138]. Market Strategy - The company continues to focus on high-end and differentiated product strategies despite challenges in the supply chain and international trade[34]. - The company plans to expand its domestic and international market presence by implementing a differentiated competition strategy[105]. - The company aims for a revenue growth target of 20% for 2023, driven by new product launches and market expansion[134]. - The company is actively exploring potential mergers and acquisitions to strengthen its market position[129]. Risk Management - The company faces risks from raw material price fluctuations, particularly with linear low-density polyethylene and polypropylene, which are linked to international oil prices[109]. - The company is exposed to foreign exchange risks as over 80% of its raw materials are purchased in USD, and around 60% of its products are exported[110]. - The company plans to mitigate risks by improving technology, optimizing core processes, and enhancing product quality to maintain pricing power[111]. - The company aims to diversify its supplier base to reduce reliance on a few key suppliers and mitigate supply chain risks[112]. Corporate Governance - The company has established an independent financial management system and can independently conduct financial decision-making[119]. - The company has a complete independent governance structure, ensuring no interference from major shareholders[119]. - The company has a well-defined organizational structure with clear responsibilities among its departments[119]. - The company has established a performance evaluation system for directors and senior management linked to company performance and individual performance[144]. - The company’s board of directors includes independent directors who received remuneration ranging from CNY 5.77 million to CNY 10.56 million[147]. Employee Management - The total number of employees at the end of the reporting period was 1,059, with 664 in production, 35 in sales, 113 in technical roles, 18 in finance, and 229 in administration[159]. - Employee training programs include new employee onboarding, skills training, and safety training, aimed at creating a "learning organization"[162]. - The company has implemented a performance-based compensation policy linking employee salaries to overall company performance and individual assessments[160]. - The company provided various employee benefits, including annual health check-ups and paid vacations, to enhance employee satisfaction and retention[161]. Environmental Responsibility - The company has implemented environmental protection measures, adhering to multiple national laws and standards, and has upgraded its waste treatment facilities[177]. - The company has achieved zero environmental accidents and zero complaints, with no administrative penalties received[188]. - The company has made significant investments in environmental protection and pays environmental protection taxes based on pollutant concentration[186]. - The company has installed online monitoring devices for wastewater and waste gas, which are connected to the Jiaxing Ecological Environment Bureau's monitoring platform[182]. Shareholder Engagement - The company held its annual shareholder meeting with a participation rate of 35.13% on May 10, 2022[121]. - The first extraordinary general meeting in 2022 had a participation rate of 9.97% on June 24, 2022[121]. - The second extraordinary general meeting in 2022 had a participation rate of 35.09% on July 7, 2022[121]. - The third extraordinary general meeting in 2022 had a participation rate of 33.34% on December 14, 2022[121].