Miracll(SZ:300848)2023-04-24 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,475,062,751.37, representing a 13.66% increase compared to ¥1,297,752,752.20 in 2021 [19]. - The net profit attributable to shareholders for 2022 was ¥111,282,549.90, a decrease of 6.60% from ¥119,146,747.52 in 2021 [19]. - The cash flow from operating activities showed a significant decline, with a net amount of ¥5,948,797.49 in 2022, down 96.31% from ¥161,032,852.34 in 2021 [19]. - The total assets at the end of 2022 were ¥1,915,078,111.27, reflecting a 13.45% increase from ¥1,687,997,248.82 at the end of 2021 [19]. - The basic earnings per share for 2022 was ¥0.56, a decrease of 6.67% compared to ¥0.60 in 2021 [19]. - The weighted average return on equity for 2022 was 12.01%, down from 14.29% in 2021 [19]. - The company reported a net profit of ¥25,053,182.19 from non-recurring gains and losses in 2022, compared to ¥20,638,991.74 in 2021 [25]. - The company experienced a decline in net profit after deducting non-recurring gains and losses, which was ¥86,229,367.71 in 2022, down 12.46% from ¥98,507,755.78 in 2021 [19]. Dividend Distribution - The company reported a profit distribution plan, proposing a cash dividend of 1.00 RMB per 10 shares, totaling 20,001,000 RMB for 200,010,000 shares [3]. - The cash dividend distribution accounts for 100% of the total profit distribution [147]. - The company plans to distribute a cash dividend of RMB 1 per 10 shares, totaling RMB 20,001,000, and will also increase capital by 5 shares for every 10 shares held, totaling 100,005,000 shares [147]. Market and Industry Insights - The company is focused on expanding its market presence and developing new products and technologies [11]. - The TPU industry is characterized by a large market capacity, abundant supply, and intense competition, particularly in the mid-to-low-end product segment [31]. - The company is the only publicly listed company in China focusing on TPU, establishing a competitive advantage in the special TPU sector [32]. - The company aims to expand its market share and sales channels while actively researching and developing new products [32]. - The TPU market in China has not formed a significant monopoly, with many small and medium-sized enterprises competing in various segments [32]. Research and Development - The company has established a fully-owned subsidiary, the Innovation Center, to enhance its research and development capabilities [11]. - The company holds 89 authorized patents in core equipment, processes, and products, including 25 invention patents and 51 domestic invention patents [42]. - The company emphasizes a research and development model that focuses on customized client needs and market trends, with product managers responsible for each project [37]. - The company’s R&D expenses increased by 24.72% to CNY 70,328,931.68, reflecting a commitment to innovation [68]. - The number of R&D personnel increased by 28.36% from 67 in 2021 to 86 in 2022, with a notable rise in the proportion of personnel holding bachelor's and master's degrees [71]. Risk Management - The company acknowledges risks including raw material price fluctuations, intensified market competition, and rising labor costs [3]. - The company emphasizes the importance of risk awareness for investors regarding forward-looking statements and future plans [3]. - The company faces risks from fluctuations in raw material prices, which significantly impact production costs, and plans to mitigate this through strategic procurement agreements and flexible purchasing strategies [102]. - The construction and operation of the polyurethane new materials industrial park project may face risks due to macroeconomic and market environment factors, as well as internal management issues, leading to uncertainties in future operations [107]. - The company will closely monitor policy and market changes, implement effective management measures, and strengthen risk control to address potential project delays, changes, or terminations [107]. Governance and Compliance - The company has established a governance structure consisting of the shareholders' meeting, board of directors, and supervisory board, ensuring clear division of responsibilities and compliance with regulations [113]. - The board of directors comprises 7 members, including 3 independent directors, meeting legal requirements for composition and governance [116]. - The company maintains independence from its controlling shareholder, with no instances of fund occupation or guarantees provided to related parties during the reporting period [115]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with investors through designated channels [119]. - The company has established various management systems to ensure compliance with laws and regulations, promoting healthy development [150]. Environmental Responsibility - The company is committed to environmental protection and acknowledges related risks in its operations [3]. - The environmental impact report for the polyurethane new materials industrial park project was approved by the Henan Provincial Department of Ecology and Environment in June 2022 [43]. - The company has implemented an emergency response plan for environmental incidents, which has been filed with local ecological and environmental authorities [162]. - The company has made continuous investments in environmental protection, including the construction and operation of pollution control facilities, with all pollutants consistently meeting standards [164]. - The company has not been subject to any administrative penalties related to environmental issues during the reporting period [166]. Employee and Management - The total number of employees at the end of the reporting period is 358, with 274 in the parent company and 84 in major subsidiaries [144]. - The company has established a compensation system based on job performance and market competitiveness, ensuring employee welfare and motivation [145]. - The company emphasizes talent development through various training programs to enhance employee skills and capabilities [146]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 5.824 million yuan [134]. - The company has no stock incentive plans or employee stock ownership plans in place during the reporting period [148]. Future Outlook - The company has outlined future development plans and strategies to enhance market presence and operational efficiency [110]. - The company plans to enhance the competitiveness of existing business segments to improve profitability [186]. - The company will actively explore beneficial production, management, and sales models to increase revenue and reduce costs [186]. - The company has set a future outlook with a revenue guidance of 1.5 billion yuan for the next fiscal year, indicating a projected growth of 25% [132]. - The company plans to enhance its supply chain efficiency, aiming for a 15% reduction in operational costs by the end of the fiscal year [132].