ST金时(002951) - 2022 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2022 was ¥184,620,142.27, a decrease of 52.29% compared to ¥386,991,754.17 in 2021[24]. - The net profit attributable to shareholders for 2022 was -¥36,586,876.70, representing a decline of 165.64% from a profit of ¥55,736,547.23 in 2021[24]. - The net cash flow from operating activities decreased by 80.14% to ¥28,305,450.38 in 2022, down from ¥142,521,692.10 in 2021[24]. - The basic earnings per share for 2022 was -¥0.09, a drop of 164.29% compared to ¥0.14 in 2021[24]. - The company reported a significant decline in net profit, indicating ongoing challenges in maintaining profitability[24]. - The company's total revenue for 2022 was ¥184,620,142.27, a decrease of 52.29% compared to ¥386,991,754.17 in 2021[43]. - The packaging printing segment accounted for 98.40% of total revenue, with a revenue of ¥181,659,748.14, down 53.06% year-over-year[43]. - The revenue from cigarette labels was ¥179,762,455.59, representing a 49.79% decline from ¥358,054,868.99 in the previous year[43]. - The gross margin for the packaging printing segment was 23.85%, down 9.52% from the previous year[45]. - The company reported a significant decrease in sales volume, with a drop of 38.16% in the packaging printing segment[46]. Assets and Liabilities - Total assets at the end of 2022 increased by 13.05% to ¥2,020,536,884.14 from ¥1,787,294,816.25 at the end of 2021[24]. - The net assets attributable to shareholders rose by 11.32% to ¥1,789,849,452.39 at the end of 2022, compared to ¥1,607,839,689.75 at the end of 2021[24]. - The company's cash and cash equivalents decreased by 9.10% from CNY 378.31 million at the beginning of the year to CNY 243.78 million at the end of the year, attributed to new investments and project expenditures[61]. - The company's total liabilities decreased from CNY 85.01 million to CNY 23.53 million, a reduction of 3.60% due to the expiration of certain bills payable[62]. - The company reported an asset impairment of CNY 38.73 million, which accounted for 101.69% of total profit, primarily due to provisions for construction in progress and fixed assets[60]. Investment and Financing - The company plans not to distribute cash dividends or issue bonus shares[5]. - The total investment for the reporting period was CNY 161.63 million, reflecting a significant increase of 55.71% compared to CNY 103.80 million in the same period last year[67]. - The company has cumulatively used fundraising of 40,101.70 million yuan, with a remaining balance of 699.05 million yuan as of December 31, 2022[75]. - The company has approved a total of ¥343.82 million in raised funds for investment in the "Hunan Production Base Project," with the implementation location changed to Ningxiang Economic and Technological Development Zone[78]. - The company has decided to no longer engage in cigarette label printing business to ensure the efficiency of raised fund usage and improve operational performance[78]. Research and Development - R&D expenses rose by 22.58% to ¥12,791,157.77 in 2022 from ¥10,435,261.45 in 2021, accounting for 6.93% of total revenue[55]. - The number of R&D personnel increased by 22.86% to 43 in 2022 from 35 in 2021, with R&D personnel accounting for 11.88% of the total workforce[55]. - The company completed small-scale verification of key technologies for supercapacitor electrode materials, achieving a power output of 100 kW kg-1[54]. - The company is advancing the development of environmentally friendly water-based inks, ensuring zero emissions and addressing VOC residue issues in traditional printing[55]. Market Position and Strategy - The company maintains a competitive edge through advanced production equipment and a robust quality control system, ensuring high-quality standards for cigarette label products[40]. - The company actively engages in new product development with major tobacco companies, enhancing its market position and potential for increased business[40]. - The cigarette label printing industry is characterized by high entry barriers and stable demand, with the company benefiting from its established relationships with key clients[39]. - The company employs an order-based sales model, responding to client needs with tailored solutions and maintaining a focus on expanding production capacity[37]. - The company plans to leverage its expertise in cigarette label printing to expand into related businesses such as laser film and laser paper, while accelerating the incubation of Jinshi New Energy to enhance market share[89]. Governance and Compliance - The company has established a structured governance framework with a board of directors, supervisory board, and other necessary committees[103]. - The company is committed to strict compliance with the Company Law and regulatory rules during its operations[130]. - The company has a clear policy for independent operations, ensuring no undue influence from controlling shareholders in personnel decisions[103]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[179]. - The company has not made any significant guarantees during the reporting period[192]. Environmental Responsibility - The company strictly adheres to environmental protection laws and regulations, ensuring compliance in pollutant management and emissions[144]. - The company has implemented a "molecular sieve concentration adsorption + RTO" and "two-stage spraying + dry filter + two-stage activated carbon adsorption" for waste gas treatment, meeting the local emission standards[148]. - The company has established an online monitoring system for VOCs at major waste gas discharge points, with stable compliance during the monitoring period[148]. - The company emphasizes the importance of social responsibility, aligning it with its development strategy and daily operations[150]. Employee Relations - The company ensures timely payment of salaries and provides various social insurances for employees[152]. - The compensation policy is designed to motivate employees and retain talent, based on performance and individual capabilities[132]. - The total number of employees at the end of the reporting period is 343, with 100 in the parent company and 243 in major subsidiaries[131]. - The company has established independent personnel management and evaluation systems, ensuring no conflicts of interest with major shareholders[102]. Risks and Challenges - The company faces risks related to the failure of fundraising projects to meet expectations, particularly concerning the Hunan production base project, which may require a change in business direction[90]. - The continuous decline in the cigarette label business and loss of major clients pose a risk to the company's ongoing operations[92]. - The company is currently in the early stages of developing a feasible adjustment plan for the fundraising project due to the change in business direction[200]. - The company is evaluating the impact of the unsuccessful bids on its future business operations and shareholder interests[200].