荃银高科(300087) - 2022 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2022 was CNY 3,490,544,779.30, representing a 38.47% increase compared to CNY 2,520,772,778.56 in 2021[18]. - The net profit attributable to shareholders for 2022 was CNY 233,339,963.11, up 38.03% from CNY 169,045,332.23 in 2021[18]. - The net profit after deducting non-recurring gains and losses was CNY 176,222,836.31, a 17.82% increase from CNY 149,570,594.04 in 2021[18]. - The total assets at the end of 2022 reached CNY 5,078,108,520.77, a 43.51% increase from CNY 3,538,394,311.20 at the end of 2021[18]. - The net assets attributable to shareholders increased by 24.90% to CNY 1,715,399,430.57 from CNY 1,373,411,767.86 in 2021[18]. - The basic earnings per share for 2022 was CNY 0.35, reflecting a 34.62% increase from CNY 0.26 in 2021[18]. - The company reported a net cash flow from operating activities of CNY 397,602,337.65, down 8.69% from CNY 435,451,713.84 in 2021[18]. - The company achieved a revenue of 3,490.54 million yuan, representing a year-on-year growth of 38.47%[44]. - The net profit attributable to shareholders was 233.34 million yuan, an increase of 38.03% compared to the previous year[44]. - Agricultural revenue accounted for ¥3,409,168,118.41, which is 97.67% of total revenue, with a year-on-year growth of 37.28%[67]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders based on a total share capital of 676,665,537 shares as of December 31, 2022[5]. - A cash dividend of RMB 1.00 per 10 shares (totaling RMB 67,666,553.70) was approved for distribution to shareholders[172]. - The company allocated 10% of its net profit, amounting to RMB 9,133,608.83, to statutory surplus reserves[171]. - The remaining distributable profit after dividends for 2022 is RMB 598,668,469.74[171]. - The company has no plans for stock dividends in the current profit distribution proposal[172]. Risk Management - The company faces risks including intensified market competition, new variety research and promotion risks, and changes in industrial policies, which are detailed in the management discussion section[4]. - The company has a comprehensive risk management strategy to address potential challenges in the seed industry[4]. - The company has faced risks related to seed production quality due to environmental factors and the management practices of contracted producers[37]. - The company acknowledges the risks associated with new variety development and production, emphasizing the need for market-oriented research and effective follow-up services[115]. - The company will strengthen its seed production bases to mitigate risks from climate change and natural disasters affecting seed quality and yield[115]. Research and Development - Research and development investments from 2020 to 2022 were 56.17 million, 83.28 million, and 113.85 million CNY respectively, indicating a consistent increase in R&D spending[33]. - The company has established a breeding system with a focus on independent research and collaboration with domestic research institutions, enhancing its innovation capabilities[34]. - The company has a research and development team of 244 people, accounting for 17.10% of the total workforce, ensuring strong innovation capabilities[45]. - The company is focused on developing high-yield and disease-resistant crop varieties, including hybrid rice and corn, to enhance agricultural innovation capabilities[76]. - The company is increasing R&D investment to enhance innovation capabilities and develop green high-quality new varieties to meet market demand[116]. Market Expansion and Sales - The company’s future outlook includes plans for market expansion and new product development, although specific figures are not disclosed in the report[4]. - The company is positioned in a growing industry with increasing government support for seed industry development and modernization[28]. - The company has a strong focus on international sales, with export plans developed annually based on customer needs, primarily using letters of credit for payment[38]. - The company is actively expanding its international presence, executing aid projects in countries like Sierra Leone, Togo, and Mali, and benefiting from the "Belt and Road" initiative[50]. - The company plans to achieve a revenue of 4 billion CNY and a net profit of 270 million CNY for 2023, although these targets are subject to market conditions and uncertainties[111]. Corporate Governance - The company emphasizes the importance of accurate financial reporting and has ensured that all board members attended the meeting to review the annual report[4]. - The company is committed to enhancing corporate governance and internal control systems to reduce risks and ensure sustainable development[121]. - The board of directors consists of 9 members, including 4 independent directors, ensuring compliance with legal and regulatory requirements[124]. - The supervisory board is composed of 3 members, including 1 employee representative, ensuring oversight of financial and operational compliance[125]. - The company maintains independent operations in business, personnel, assets, institutions, and finance, ensuring no reliance on the controlling shareholder, Zhongzhong Group[130]. Social Responsibility and Community Engagement - The company emphasizes social responsibility and stakeholder interests, aiming for a balanced approach to shareholder, customer, employee, and societal benefits[128]. - The company donated 2,000 kg of rice to frontline workers in Hefei during the pandemic[199]. - The company and its subsidiaries contributed over 2 million yuan to public welfare activities during the reporting period[199]. - The company established a platform for public welfare collaboration in Anhui to enhance regional cooperation and build a quality public welfare ecosystem[200]. Employee Engagement and Compensation - The company has implemented a stock incentive plan to align employee interests with corporate goals, enhancing motivation and performance[51]. - The employee stock ownership plan includes 284 employees holding a total of 8,227,400 shares, representing 1.22% of the company's total equity[174]. - The total remuneration paid to directors, supervisors, and senior management in 2022 amounted to CNY 8.8395 million[154]. - The company has established a salary management system, with board and supervisor remuneration decided by the shareholders' meeting and senior management remuneration based on performance assessment[165]. - The company organized various cultural and recreational activities to enhance employee cohesion and well-being, fostering a positive corporate culture[196].