NAR(SZ:002825)2023-04-24 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,618,314,816.20, a decrease of 7.98% compared to ¥1,758,700,465.53 in 2021[26]. - Net profit attributable to shareholders increased significantly by 470.87% to ¥351,980,089.67 from ¥61,657,130.34 in the previous year[26]. - The basic earnings per share rose to ¥1.47, reflecting a 465.38% increase from ¥0.26 in 2021[26]. - The total assets at the end of 2022 reached ¥1,968,896,053.99, marking a 12.86% increase from ¥1,744,552,847.92 at the end of 2021[26]. - The net assets attributable to shareholders increased by 30.59% to ¥1,377,623,631.41 from ¥1,054,928,323.46 in 2021[26]. - The company reported a cash flow from operating activities of ¥127,652,511.30, a slight increase of 0.07% compared to ¥127,569,087.69 in 2021[26]. - The company recorded non-operating income of ¥272,230,062.91 in 2022, significantly higher than ¥13,847,640.73 in 2021[33]. - The company achieved operating revenue of 1.618 billion RMB in 2022, a decrease of 7.98% compared to the previous year[54]. - Net profit for 2022 was 352 million RMB, an increase of 470.87% year-on-year, with basic earnings per share of 1.47 RMB[54]. Dividend and Capital Distribution - The company plans to distribute a cash dividend of 3 RMB per 10 shares (including tax) to all shareholders, based on a total of 244,291,927 shares, and will also increase capital by 4 shares for every 10 shares held[8]. - The company reported a cash dividend of 73,287,578.10 CNY, which accounts for 100% of the distributable profit of 667,273,334.90 CNY[141]. - For every 10 shares, the company will distribute a cash dividend of 3 CNY and increase capital by 4 shares[141]. - The company has a cash dividend policy that mandates a minimum of 20% of the distributable profit to be distributed as cash dividends each year, provided certain conditions are met[135]. - The company aims for cash dividends to account for at least 80% of profit distribution when in a mature stage without major capital expenditure plans[137]. Market and Competitive Environment - The company reported a significant impact on the demand for digital printing materials and automotive protective films due to fluctuations in the domestic and international economic environment, influenced by events such as the US dollar interest rate hikes and the Russia-Ukraine conflict[5]. - The company acknowledges intensified market competition in the digital printing materials industry, particularly from international firms with advantages in intellectual property and production capabilities[8]. - The automotive paint protection film market in China has significant growth potential, with a low penetration rate despite nearly 300 million vehicles, including over 200 million passenger cars[39]. - The company maintained a leading market share in digital printing materials and automotive protective films, with continuous expansion of competitive advantages[54]. Research and Development - The company has applied for 17 invention patents and 19 utility model patents during the reporting period, including 5 related to hydrogen energy[46]. - The company focuses on continuous investment in technology R&D and product optimization, leading to strong industry competitiveness and innovation capabilities[45]. - The company is investing in the construction of an intelligent factory in Jiangxi and the automotive protective film project in Nantong to address capacity bottlenecks[55]. - R&D investment amounted to ¥86,824,205.36 in 2022, representing a 1.35% increase from ¥85,670,211.70 in 2021, and accounted for 5.37% of operating revenue[70]. - The company has developed a range of digital printing materials, including automotive protective films and hydrogen energy products, expanding its application in various industries[38]. Risk Management - The company faces risks from raw material price fluctuations, with key materials like PVC resin and polyurethane accounting for a significant portion of production costs, which are closely tied to global commodity prices[8]. - The company is exposed to exchange rate fluctuations, which can affect the pricing competitiveness of its export products and potentially compress profit margins due to currency volatility[6]. - The company emphasizes the importance of managing pricing strategies to mitigate the impact of exchange rate fluctuations on its operations[7]. - The company has a comprehensive risk management strategy in place, including the use of hedging tools to stabilize the effects of currency fluctuations on its business[7]. Corporate Governance - The company has established a sound internal management and control system, improving governance levels[99]. - The company has a clear governance structure that complies with legal and regulatory requirements, with no significant discrepancies noted[102]. - The company has established effective communication channels with stakeholders, ensuring their rights and interests are respected[102]. - The company has a dedicated investor relations platform to facilitate communication and provide timely information to investors[102]. - The company has not reported any significant internal control deficiencies during the reporting period[148]. Environmental and Social Responsibility - The company is committed to environmental protection, implementing measures to reduce carbon emissions and optimize resource consumption[155]. - The company aims for sustainable development by balancing economic benefits with social and environmental responsibilities[153]. - The company is involved in the clean energy sector through its subsidiary, focusing on the research, manufacturing, and sales of hydrogen energy core components[156]. Employee Management - The total number of employees at the end of the reporting period was 838, with 317 in the parent company and 521 in major subsidiaries[131]. - The company emphasizes aligning employee compensation with business performance, implementing different salary systems for various roles[133]. - The company conducted training activities to enhance management innovation capabilities and overall employee quality[134]. - The company has a total of 3 employees with a doctoral degree and 12 with a master's degree[132]. Strategic Initiatives - The company aims to optimize product structure and enrich product lines to enhance growth, focusing on high-margin products and systematic market coverage[94]. - The company plans to continue innovating in digital printing materials, focusing on non-PVC films and other advanced substrates to enhance product offerings[38]. - The company expects 2023 to be a critical year for the Jiangxi Fengcheng Phase I project, focusing on personnel implementation, market expansion, product R&D, and production sales[92]. - The company aims to make breakthroughs in hydrogen energy technology R&D and investment projects in 2023, contributing to low-carbon and green living[93].