CCEM(SZ:300655)2023-04-25 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,745,800,096.85, a decrease of 4.71% compared to ¥1,832,087,602.85 in 2021[25]. - The net profit attributable to shareholders for 2022 was ¥163,360,321.18, down 18.72% from ¥200,996,573.60 in 2021[25]. - Basic earnings per share for 2022 were ¥0.28, a decrease of 20.00% from ¥0.35 in 2021[26]. - The total assets at the end of 2022 were ¥3,215,655,537.25, reflecting a 9.95% increase from ¥2,924,628,198.60 at the end of 2021[26]. - The net assets attributable to shareholders increased by 22.03% to ¥1,960,748,412.38 at the end of 2022, compared to ¥1,606,729,586.96 at the end of 2021[26]. - The company reported a total revenue of 7,276.05 million, with a net profit of 4,471.95 million, reflecting a decrease of 1,672.66 million compared to the previous period[154]. Cash Flow and Investments - The net cash flow from operating activities increased by 127.50% to ¥379,980,629.86 in 2022, compared to ¥167,022,219.98 in 2021[25]. - The company reported a net cash flow from operating activities of CNY 379,980,629.86, an increase of 127.5% compared to the previous year, primarily due to accelerated sales collections[111]. - Total cash inflow from investment activities surged by 941,276.41% to CNY 740,204,272.77, attributed to increased redemption of financial products[113]. - The company experienced a net cash outflow from investment activities of CNY 569,098,620.14, a decline of 88.15% year-on-year, due to increased investments in financial products and projects[113]. - The net cash flow from financing activities decreased by 55.50% to CNY 195,597,376.20, primarily due to a reduction in net financing obtained[113]. Market Position and Strategy - The company achieved a market share of 10% and 20% in its respective segments, expanding into international markets[15]. - The company is positioned in a market characterized by high technical barriers, particularly in the semiconductor-grade wet electronic chemicals, which are classified as G4-G5 levels[37]. - The company aims to become a leading enterprise in semiconductor integrated circuit electronic materials, leveraging its dual advantages of technological and cost leadership[68]. - The company is focusing on high-purity chemicals for semiconductor and photovoltaic applications, with a significant opportunity for domestic manufacturers to replace imports in the high-end market[159]. - The company plans to enhance its core competitiveness by increasing R&D in high-purity chemicals and photoresists, aiming for improved product quality and market share[180]. Research and Development - The company has a strong emphasis on R&D for new products and technologies in the electronic materials sector[14]. - The company increased its R&D investment to CNY 69.7045 million in 2022, representing a year-on-year growth of 50.33%[68]. - The company holds a total of 107 patents, including 51 invention patents, as of the end of the reporting period[68]. - The company is actively involved in the research and development of new products and technologies to enhance its competitive position in the market[163]. - The company is developing a new electronic-grade silicon etching solution for large-scale integrated circuits, currently in the product testing phase, which is expected to enhance market recognition and increase sales[106]. Risk Management - The company emphasizes the importance of risk awareness regarding market demand fluctuations, competition risks, and raw material price volatility[3]. - The company acknowledges potential risks related to talent retention and fixed asset depreciation increases[3]. - Safety and environmental risks are significant due to the nature of the company's products, which include hazardous chemicals, necessitating strict adherence to safety and environmental regulations[181]. - The company is implementing rigorous cost management strategies to mitigate risks from raw material price fluctuations, focusing on automation and quality control[184]. - There is a risk of bad debts from accounts receivable, particularly if clients in the semiconductor and LED sectors face financial difficulties[185]. Production and Capacity - The company achieved a production capacity utilization rate of 100.28% for high-purity chemicals, with a designed capacity of 215,000 tons/year[62]. - The company reported a production capacity utilization rate of 53.79% for photoresists, with a designed capacity of 1,725 tons/year[63]. - The lithium battery materials segment has a production capacity utilization rate of 68.78% with a designed capacity of 37,000 tons/year and an additional planned capacity of 130,000 tons[63]. - The company has established a semiconductor-grade high-purity sulfuric acid production line with a capacity of 30,000 tons, achieving G5 grade quality, positioning it among the top tier globally[49]. - The company is actively constructing a 60,000-ton phase II project for semiconductor-grade high-purity sulfuric acid, expected to be completed in 2023[86]. Environmental and Social Responsibility - The company has outlined its commitment to environmental and social responsibilities in its annual report[9]. - The company has received environmental impact report approvals for several projects, including a 1,200 tons/year integrated circuit key electronic materials project[64]. - The company has received multiple quality management certifications, including IATF16949 and ISO9001, ensuring high standards in production[54]. Subsidiaries and Expansion - The company has established several subsidiaries, including 瑞红锂电池材料 (Lithium Battery Materials) and 晶瑞新能源科技 (New Energy Technology)[13]. - The company has expanded its consolidation scope to include two new subsidiaries, enhancing its operational capacity[100]. - The company is investing in a project in Pengjiang City with a designed capacity of 185,000 tons per year for electronic-grade hydrogen peroxide and ammonia, with the first phase already in production[173]. Corporate Governance - The company has revised multiple management systems to enhance corporate governance and internal control[200]. - The company is committed to maintaining compliance with relevant laws and regulations to improve governance standards[200]. - The company has engaged Guosen Securities as its sponsor for continuous supervision from September 18, 2018, to December 31, 2023[22].