新农股份(002942) - 2022 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2022 was ¥1,248,167,151.74, an increase of 7.36% compared to ¥1,162,570,966.46 in 2021 [21]. - The net profit attributable to shareholders for 2022 was ¥101,410,374.57, a decrease of 26.45% from ¥137,873,663.39 in 2021 [21]. - The net profit after deducting non-recurring gains and losses was ¥91,869,007.68, down 22.56% from ¥118,628,109.74 in 2021 [21]. - The net cash flow from operating activities was ¥138,071,733.77, a decline of 34.73% compared to ¥211,552,468.06 in 2021 [21]. - The total assets at the end of 2022 were ¥1,640,813,247.21, reflecting a growth of 5.66% from ¥1,552,881,288.43 at the end of 2021 [21]. - The weighted average return on equity decreased to 8.79% in 2022, down 3.55 percentage points from 12.34% in 2021 [21]. - The total revenue for 2022 was CNY 1,248.17 million, representing a year-on-year increase of 7.36% [69]. - The pesticide sector generated CNY 1,212.62 million in revenue, up 8.33% from the previous year, making up 97.15% of total revenue [69]. - The company's gross margin in the pesticide sector decreased by 5.53 percentage points to 25.13% [72]. Risk Management - The company emphasizes the importance of risk awareness regarding environmental risks and market competition risks that may lead to profit decline [4]. - The company has a comprehensive risk management strategy in place to address potential risks [4]. - The company's financial performance and future outlook are subject to market conditions and investor awareness of risks [4]. - The risk management strategy includes a focus on hedging against currency fluctuations, which has been effective in mitigating potential losses [99]. - The company faces market competition risks, with 1,705 pesticide manufacturers in China, and plans to enhance product innovation and efficiency to mitigate these risks [130]. - Raw material price fluctuations pose a significant risk to the company's operating results, and the company will strengthen procurement controls to manage costs [131]. Corporate Governance - The company has a governance structure that includes a board of directors with independent members, ensuring effective decision-making and risk management [141]. - The company maintains complete independence in assets, personnel, finance, organization, and business from its controlling shareholders and actual controllers [143]. - The company has a dedicated financial department with an independent accounting system, ensuring autonomous financial decision-making and tax compliance [146]. - The company has a complete business system with independent production, supply, sales, and R&D capabilities, avoiding any unfair related transactions with controlling shareholders [148]. - The company held four shareholder meetings during the reporting period, with investor participation rates of 72.98%, 71.37%, 73.06%, and 71.52% respectively [149]. Research and Development - The company has a complete research and development, production, and sales system, allowing for independent operation based on customer needs [39]. - The company is actively engaged in research and development of new products and technologies to strengthen its market position [47]. - The company has established a comprehensive R&D system through collaborations with universities and research institutions [65]. - The company invested CNY 70.24 million in R&D during the reporting period, accounting for 5.63% of total revenue [65]. - Research and development expenses decreased by 7.24% to ¥70,237,536.36, accounting for 5.63% of operating revenue [84]. Environmental Compliance - The company strictly adheres to environmental protection laws and regulations, including the Environmental Protection Law of the People's Republic of China [190]. - The company has established a series of environmental management systems and emergency response plans for pollution incidents, ensuring compliance with national laws and industry standards [194]. - The wastewater treatment system includes a new catalytic wet oxidation pre-treatment facility, which has been operational since 2021, ensuring compliance with discharge standards [195]. - The company has implemented a two-stage waste gas treatment process, utilizing resin adsorption and UV photocatalytic oxidation for pre-treatment, followed by centralized treatment to meet emission standards [196]. - The company has installed an online monitoring system for major pollutants such as sulfur dioxide and nitrogen oxides at the waste gas discharge outlet, enhancing real-time monitoring capabilities [197]. Market Strategy - The company is focused on expanding its production capabilities and enhancing its product offerings in the pesticide sector [46]. - The company is expanding its market presence through strategic acquisitions and partnerships, aiming for a 10% increase in market share by the end of the fiscal year [99]. - The company plans to enhance its marketing management and expand its product line, focusing on core crops and strategic new products [123]. - The company aims to become a leading agricultural technology enterprise in China, focusing on differentiated strategies and integrating chemical and biological pesticides [122]. - The company is exploring strategic acquisitions to enhance its market position and expand its product offerings in the chemical sector [109]. Shareholder Returns - The company reported a total share capital of 156,000,000 shares as of December 31, 2022, with a cash dividend of 2.50 RMB per 10 shares to all shareholders [5]. - The company has a total of 153,209,930 shares eligible for dividend distribution after accounting for repurchased shares [5]. - The total cash dividend for 2022, including other methods such as share repurchase, amounts to 42,820,272.80 CNY, representing 100% of the distributable profit of 541,922,894.87 CNY [177]. - The company has established a clear profit distribution policy in accordance with relevant regulations, ensuring shareholder interests are maintained [176]. - There were no adjustments made to the existing profit distribution policy during the reporting period, despite the company being profitable [177].