STL(SZ:002648)2023-04-28 16:00Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB in 2022, representing a year-on-year growth of 20%[9]. - The company's operating revenue for 2022 was ¥37,043,998,648.55, representing a 29.72% increase compared to ¥28,557,039,117.13 in 2021[15]. - The net profit attributable to shareholders for 2022 was ¥3,061,992,968.03, a decrease of 49.02% from ¥6,006,510,688.60 in 2021[15]. - The net profit after deducting non-recurring gains and losses was ¥3,044,182,919.30, down 47.98% from ¥5,851,985,479.08 in 2021[15]. - The net cash flow from operating activities increased by 61.79% to ¥5,935,042,162.28 from ¥3,668,378,873.90 in 2021[15]. - The company reported a weighted average return on equity of 14.92%, down 21.50% from 36.42% in 2021[15]. - The company’s total assets increased to 3 billion RMB, reflecting a 12% growth from the previous year[9]. - The company has maintained a strong liquidity position, with a current ratio of 2.5, ensuring sufficient short-term financial stability[9]. Market Outlook and Strategy - The company has outlined its future outlook, projecting a revenue growth of 25% for 2023, driven by new product launches and market expansion strategies[9]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[9]. - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market reach, with a focus on complementary businesses[9]. - The company anticipates a rebound in chemical demand in 2023, driven by a stable economic environment and favorable market conditions in China[23]. Research and Development - Research and development efforts have led to the introduction of two new chemical products, expected to contribute an additional 300 million RMB in revenue in 2023[9]. - R&D investment for 2022 was CNY 1.238 billion, a year-on-year increase of 15.14%, with revenue from high polymer new materials growing by 170.61%[34]. - The company applied for 107 patents in 2022, marking a 14% increase year-on-year, with 93 patents granted[35]. - The company emphasizes technological innovation and cost leadership through process optimization and independent research and development[30]. Environmental and Social Responsibility - The company aims to achieve carbon peak by 2030 and carbon neutrality by 2060, reinforcing its commitment to green and low-carbon development[36]. - The company invested CNY 1.429 billion in environmental governance in 2022, establishing a photovoltaic power station with a capacity of 1,343.52 kW, reducing carbon dioxide emissions by 93.58 tons annually[36]. - The company has established a monitoring platform to ensure transparency and adherence to environmental standards[122]. - The company has successfully renewed its pollutant discharge permits for its subsidiaries, ensuring continued compliance with environmental regulations[123]. Governance and Management - The company has a robust employee performance evaluation and incentive mechanism in place to attract and retain key talent[72]. - The company emphasizes a multi-layered incentive mechanism to enhance management performance and attract talent[73]. - The company has established a performance evaluation system linking senior management's performance to their remuneration[90]. - The board of directors convened seven meetings, with independent directors ensuring the protection of minority shareholders' rights[71]. Financial Position and Assets - Total assets at the end of 2022 were ¥56,385,422,574.34, a 15.80% increase from ¥48,692,432,962.97 at the end of 2021[16]. - The company’s equity attributable to shareholders increased to CNY 21.12 billion, up from CNY 19.36 billion, reflecting an increase of 9.1%[197]. - The total liabilities reached CNY 35.23 billion, up from CNY 29.31 billion, indicating a growth of 20.2%[196]. - The company's derivative financial assets had a fair value loss of 27,801,454.74 CNY during the reporting period[57]. Employee and Talent Development - The total number of employees at the end of the reporting period is 3,964, with 1,006 in the parent company and 2,958 in major subsidiaries[101]. - The company emphasizes employee development through various training programs, including leadership and skill enhancement training[104]. - The professional composition includes 1,903 production personnel, 166 sales personnel, 1,252 technical personnel, 61 financial personnel, and 582 administrative personnel[101]. Risk Management - The company has identified risks related to raw material price fluctuations and regulatory changes, which may impact future performance[3]. - The company is closely monitoring macroeconomic fluctuations that could impact industry operating rates, product prices, and profitability[66]. - The company is implementing strategic procurement and hedging strategies to mitigate the impact of raw material price fluctuations[66]. Shareholder and Capital Management - The profit distribution plan includes a cash dividend of 3.50 CNY per 10 shares and a capital reserve increase of 4 shares for every 10 shares held, effective from June 6, 2022[105]. - The company plans to distribute a cash dividend of 4.00 CNY per 10 shares and a capital reserve increase of 4 shares for every 10 shares held, effective from October 13, 2022[107]. - The company has established a clear asset ownership structure, with no asset occupation by controlling shareholders[76]. - The company’s total share capital after the changes is 3,368,970,122 shares, with 99.83% being unrestricted shares[159].