BSM(SZ:300796)2023-03-07 16:00Financial Performance - The company's operating revenue for 2022 was ¥768,072,342.96, representing a 44.91% increase compared to ¥530,016,289.44 in 2021[24]. - Net profit attributable to shareholders for 2022 was ¥152,884,832.89, a significant increase of 171.10% from ¥56,393,722.60 in 2021[24]. - The net profit after deducting non-recurring gains and losses was ¥156,414,033.56, up 171.15% from ¥57,684,802.87 in the previous year[24]. - The total assets at the end of 2022 reached ¥2,100,743,391.28, marking a 50.25% increase from ¥1,398,208,062.65 at the end of 2021[24]. - The basic earnings per share for 2022 was ¥0.79, reflecting a 132.35% increase compared to ¥0.34 in 2021[24]. - The cash flow from operating activities for 2022 was ¥186,518,934.28, which is a 95.01% increase from ¥95,647,029.55 in 2021[24]. - The company reported a quarterly revenue of ¥221,591,607.95 in Q4 2022, the highest among the four quarters[26]. - In 2022, the company achieved a sales revenue of 768 million yuan, representing a year-on-year increase of 45%[64]. - The net profit attributable to shareholders reached 153 million yuan, a significant year-on-year growth of 171%[64]. - The revenue from the main product, dimethyl sulfoxide (DMS), was ¥614,612,307.50, accounting for 80.02% of total revenue, with a year-on-year growth of 54.01%[72]. - Revenue from international markets was ¥490,503,771.32, representing 63.86% of total revenue, with a significant increase of 72.72% compared to ¥283,990,257.00 in 2021[72]. - Direct sales accounted for 97.44% of total revenue at ¥748,447,564.97, showing a year-on-year increase of 57.60%[72]. - Gross profit margin for the main product DMS was 40.15%, up from 32.71% in the previous year, indicating improved profitability[75]. - The sales volume of DMS increased by 20.47% to 11,020.49 tons in 2022, compared to 9,147.77 tons in 2021[77]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 1.2 CNY per 10 shares to all shareholders, based on a total of 200,634,929 shares[3]. - The company held three temporary shareholder meetings in 2022, with investor participation rates of 49.98%, 42.24%, and 41.40% respectively[163]. - The annual shareholder meeting in 2021 had a participation rate of 49.97%[163]. - The company reported a total of 536,900 shares held by directors at the end of the reporting period, with an increase of 153,400 shares during the period[166]. Risk Management - The company faces several risks including market growth below expectations, high customer concentration, and fluctuations in tax incentives and exchange rates[3]. - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements and future plans[3]. - The company has detailed its future development outlook and risk management strategies in the management discussion section of the report[3]. Research and Development - The company is actively enhancing its R&D capabilities to address the need for optimization in domestic pesticide production processes[43]. - The company holds 53 authorized patents, including 23 invention patents and 30 utility model patents, reflecting its strong R&D capabilities[56]. - The company is currently developing new pesticide varieties and carbon five new material products, laying a solid foundation for future growth[56]. - The company is focused on integrating its operations across the entire industrial chain, enhancing its overall competitiveness compared to single-segment pesticide manufacturers[55]. - The company has established partnerships with universities and research institutions to enhance its R&D efforts[56]. - The company is developing new products and technologies, including the synthesis of herbicide intermediates and optimization of existing processes to enhance market competitiveness[86]. Market and Industry Trends - The global crop protection market is projected to reach $66.703 billion in 2023, with a compound annual growth rate of 3% from 2018 to 2023[36]. - The company operates in a highly concentrated global pesticide market, which is expected to provide growth opportunities for leading raw material enterprises[37]. - The domestic pesticide industry is undergoing significant transformation, with a strong demand for green pesticides and a rapid phase-out of high-toxicity products[41]. - The pesticide market is shifting towards high-efficiency, low-toxicity, and low-residue products, driven by stricter environmental regulations[41]. - The global pesticide market sales increased from $25.15 billion in 2002 to $62.04 billion in 2020, indicating a growing market[127]. - By 2030, the global population is expected to reach 8.5 billion, increasing the demand for food and consequently for pesticides[128]. Corporate Governance - The company strictly adheres to laws and regulations, ensuring compliance with corporate governance standards as of the end of the reporting period[147]. - The board of directors consists of 9 members, including 3 independent directors, meeting legal requirements[149]. - The company has established a compensation mechanism linking salaries to company performance and individual achievements to attract and retain talent[152]. - The company maintains complete independence in operations, assets, and financial matters from its controlling shareholders and related parties[156]. - The company has a fully independent financial accounting department, capable of making independent financial decisions[162]. - The company has a governance structure that includes a mix of independent and non-independent directors[165]. - The company has a total of 10 directors and supervisors, with 6 receiving remuneration from the company[186]. Environmental and Safety Management - The company emphasizes green and environmentally friendly production processes, aiming to reduce waste emissions while increasing output[56]. - The company has a valid safety production license until July 16, 2024[50]. - The company is actively applying for and obtaining environmental impact assessments for new projects[49]. - The company has a valid pollutant discharge permit until December 31, 2025[50]. - The company will continue to enhance safety and environmental management to ensure stable and orderly production operations[142]. Employee and Talent Management - The company has established a performance-based compensation system that includes basic salary, performance bonuses, allowances, and overtime pay[199]. - The company will continue to improve its compensation system to enhance employee recognition and belonging, ensuring a talent pool for long-term development[199]. - In 2023, the company will focus on targeted, effective, and practical training to improve management skills and employee competencies[200]. - The company’s management team includes a diverse group of individuals with varying ages and backgrounds[165]. - The company has a total of 492 employees at the end of the reporting period, with 208 in the parent company and 284 in major subsidiaries[197].