LECRON(SZ:300343)2023-04-21 16:00Financial Performance - The company reported a revenue of 693.53 million CNY for the year 2021, with a cost of goods sold amounting to 723.80 million CNY, indicating a potential impact on the comparability of financial data between periods[5]. - The company's operating revenue for 2022 was ¥2,062,662,539.69, representing a 12.40% increase compared to ¥1,835,098,495.63 in 2021[24]. - Net profit attributable to shareholders reached ¥773,754,911.23, a significant increase of 168.92% from ¥287,729,234.70 in the previous year[24]. - The basic earnings per share rose to ¥0.677, marking a 170.80% increase from ¥0.25 in 2021[24]. - The total assets at the end of 2022 amounted to ¥2,923,543,788.41, reflecting a 54.13% increase from ¥1,896,773,243.74 at the end of 2021[24]. - The company generated operating cash flow of ¥683,501,537.39, an increase of 86.27% compared to ¥366,937,878.32 in 2021[24]. - The company reported a total of ¥131,532,721.69 in non-recurring gains and losses for 2022, compared to ¥8,783,736.39 in 2021[30]. - The company’s net profit attributable to shareholders for 2022 was ¥773,754,911.23, with the parent company achieving a net profit of ¥511,682,692.18[163]. - As of December 31, 2022, the actual distributable profit for the parent company was -¥2,578,290,653.83, indicating a negative distributable profit for the year[163]. - The profit distribution plan for 2022 proposed no cash dividends, no bonus shares, and no capital reserve fund conversion into share capital due to negative distributable profits[163]. Strategic Focus and Development - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves for the year 2022[9]. - The company has not provided specific forward-looking commitments regarding future plans, development strategies, or operational plans, highlighting the inherent investment risks[7]. - The company’s future development outlook is discussed in detail in the management analysis section, emphasizing the need for strategic planning[8]. - The company plans to enhance strategic partnerships within the supply chain to foster collaborative development and reshape the supply chain model[35]. - The company is focusing on product upgrades and market expansion in the polyurethane sector, driven by the demand from the cold chain logistics and refrigerator industries[37]. - The company is actively developing new products and technologies in the fluorinated materials sector, responding to the global push for environmentally friendly refrigerants[40]. - The company is focusing on expanding its production capacity for polyvinylidene fluoride (PVDF), which is expected to see a compound annual growth rate (CAGR) recovery due to increasing demand in lithium batteries[103]. - The company plans to develop key materials for next-generation batteries, specifically polymer-based solid electrolytes, to capitalize on the rapid growth of the lithium battery industry[104]. - The company is committed to increasing R&D investment, particularly in high-performance lithium battery materials, including solid-state and sodium-ion batteries[111]. Legal and Compliance Issues - The company is currently involved in a legal case regarding a contract fraud related to the acquisition of Shanghai Aotou Network Technology Co., Ltd, which may significantly affect its financial statements[6]. - The company will continue to monitor the progress of the legal case and will pursue compensation from the commitment parties as necessary[199]. - The company is actively working on civil liability claims against relevant personnel involved in the fraud case[199]. - The company has no non-operating fund occupation by controlling shareholders or other related parties during the reporting period[200]. Environmental and Compliance Practices - The company strictly adheres to various environmental protection laws and standards, ensuring compliance in daily operations[175]. - The company has implemented strict internal control measures to prevent significant misstatements in financial reporting[169]. - The company is committed to fulfilling its ecological and environmental responsibilities through strict adherence to relevant laws and standards[175]. - The company reported a total wastewater discharge of 4 tons per year, with ammonia nitrogen levels at 2.07 mg/L, meeting the national standards[178]. - The company achieved a COD (Chemical Oxygen Demand) level of 5.7 tons per year, significantly below the standard limit of 28 tons per year[178]. - The company’s VOCs (Volatile Organic Compounds) emissions were recorded at 0.2988 tons per year, adhering to the regulatory limits[178]. - The company has implemented a wastewater treatment system that meets the regional pollution discharge standards, ensuring environmental compliance[178]. - The company has a total of 6 wastewater discharge points, all of which are monitored for compliance with environmental regulations[178]. Research and Development - The company emphasizes product research and development, with all products being independently developed and possessing multiple patents[46]. - The company has a professional R&D team with extensive theoretical and practical experience in the industry[46]. - The company has a strong R&D capability with 92 effective patents and has established several research centers focused on low-carbon and environmentally friendly refrigerants[53]. - Research and development expenses increased by 30.69% to ¥87,968,841.92, driven by new project initiatives[76]. - The company is focusing on expanding its product structure and enhancing core competitiveness through the development of new fluorinated polymer products[78]. Governance and Management - The company maintains a robust governance structure to ensure compliance and protect the interests of minority investors[122]. - The company has established a comprehensive human resource management system, including recruitment, training, performance evaluation, and promotion, to enhance employee capabilities and motivation[125]. - The company emphasizes corporate culture, integrating core values into daily operations and ensuring effective implementation through various training methods[126]. - The board of directors includes independent directors to ensure checks and balances in decision-making processes[126]. - The company has a structured decision-making process for determining the remuneration of its board members and senior management[141]. - The total remuneration for directors, supervisors, and senior management in 2022 amounted to CNY 4.5377 million[141]. Market and Sales Performance - The company has a stable customer base in the fluorochemical sector and is actively expanding into international markets, including South Korea and Southeast Asia[55]. - Domestic sales accounted for 92.75% of total revenue, increasing by 13.31% year-on-year, while international sales grew by 1.93% to 7.25% of total revenue[61]. - The company’s strategic focus on the fluorine new materials and polyurethane sectors positions it well to meet the growing demand in the photovoltaic and energy storage markets[51]. - The company is focusing on expanding its market presence and enhancing its product offerings, particularly in the polymer industry, as indicated by the involvement of its executives in industry standards and patent developments[135].