龙利得(300883) - 2022 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2022 was approximately ¥640.99 million, a decrease of 15.19% compared to ¥755.79 million in 2021[18]. - The net profit attributable to shareholders for 2022 was approximately ¥31.34 million, down 39.05% from ¥51.42 million in the previous year[18]. - The net profit after deducting non-recurring gains and losses was approximately ¥24.14 million, a decline of 42.59% from ¥42.04 million in 2021[18]. - The basic earnings per share for 2022 was ¥0.09, a decrease of 40.00% compared to ¥0.15 in 2021[18]. - The total revenue for 2022 was ¥640,992,374.86, representing a decrease of 15.19% compared to ¥755,785,412.23 in 2021[61]. - The revenue from carton products was ¥551,754,241.27, accounting for 86.08% of total revenue, which is a decline of 17.86% from ¥671,735,019.47 in the previous year[61]. - The revenue from paperboard products increased by 13.39% to ¥75,897,342.33, compared to ¥66,937,237.17 in 2021[61]. - The gross profit margin for the packaging manufacturing industry was 18.81%, slightly down by 0.85% from the previous year[62]. - The overall performance of the paper and paperboard container industry showed a revenue decline of 5.01% in 2022, indicating that the company's performance aligns with industry trends[58]. Assets and Liabilities - The total assets at the end of 2022 were approximately ¥2.05 billion, an increase of 1.81% from ¥2.01 billion at the end of 2021[18]. - The company's cash and cash equivalents decreased by CNY 69.59 million, representing a decline of 142.90% year-over-year[74]. - Fixed assets increased by 23.93% to CNY 490.78 million, attributed to the completion of the Bocheng project[81]. - The company's long-term borrowings rose significantly by 6.56% to CNY 274.72 million, mainly used for the second phase of the Bocheng project[81]. - The total amount of funds raised by the company in its initial public offering (IPO) was RMB 401.36 million, with a net amount of RMB 358.99 million after deducting related issuance costs[95]. Cash Flow - The net cash flow from operating activities for 2022 was approximately ¥50.84 million, a decrease of 8.66% from ¥55.66 million in 2021[18]. - The cash outflow from operating activities decreased by 21.01% to CNY 663,636,766.87 in 2022 compared to CNY 840,131,648.48 in 2021[73]. - The total cash inflow from financing activities was approximately CNY 481.77 million, a slight increase of 0.37% year-over-year, while cash outflows increased by 26.46% to CNY 430.31 million[74]. - The net cash flow from investing activities decreased by 93.81% to CNY 7.98 million, primarily due to the absence of structured deposit products compared to the previous year[75]. Research and Development - The company emphasizes research and development as a core strategy to maintain competitive advantages and support market expansion[37]. - Research and development expenses decreased by 10.79% to 33,511,179.91 CNY in 2022 from 37,564,771.75 CNY in 2021[68]. - The company is focusing on developing new eco-friendly packaging products, with several projects in the verification and promotion stages aimed at enhancing product competitiveness and market share[70]. - The company aims to enhance customer satisfaction and product competitiveness through the development of biodegradable and environmentally friendly packaging solutions[70]. - The number of R&D personnel increased by 1.96% to 104 in 2022, with the proportion of R&D staff rising to 18.34%[71]. Market Trends and Industry Insights - The global packaging printing market is projected to reach $473.7 billion in 2022, with an expected growth to $551.3 billion by 2027, reflecting a CAGR of 3.1%[27]. - In China, the packaging industry achieved a total revenue of CNY 1,229.334 billion in 2022, with paper and paperboard container manufacturing contributing CNY 304.547 billion, accounting for 24.77% of the total[29]. - The number of large-scale enterprises in China's packaging industry (with annual revenue above CNY 20 million) increased to 9,860 in 2022, up by 1,029 from the previous year[29]. - The paper packaging segment is expected to gain market share as environmental concerns lead to a decline in plastic packaging usage[29]. - The flexible printing process accounted for approximately 36% of the packaging printing market in 2022, with a projected growth rate of 2.4% by 2027[27]. Corporate Governance and Management - The company has established a sound internal management and control system to enhance governance and protect shareholder interests[123]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[124]. - The company emphasizes investor relations management, actively communicating with investors through various channels[127]. - The company has implemented effective measures to ensure the independence of the supervisory board and its ability to oversee the management's compliance with legal and regulatory requirements[125]. - The company has established an independent financial department and a complete financial accounting system, ensuring independent financial decision-making[130]. Sustainability and Environmental Practices - The company has established a comprehensive environmental management system and has obtained ISO14001:2015 certification[179]. - The company strictly adheres to environmental protection laws and has not faced any administrative penalties related to environmental issues during the reporting period[177]. - The company has implemented measures to address potential environmental and safety risks, including the establishment of wastewater treatment systems[179]. - The company utilizes eco-friendly water-based printing technology, significantly reducing harmful emissions[50]. Shareholder Relations and Profit Distribution - The profit distribution policy emphasizes a stable and continuous approach, with cash dividends prioritized over stock distributions, requiring at least 20% of distributable profits to be allocated as cash dividends[164]. - The company proposed a cash dividend of 0.1 yuan per 10 shares for 2022, amounting to 3,438,850.13 yuan (including tax), with no stock dividends or capital reserve transfers[167]. - The total cash dividend for 2022, including share buyback amounts, reached 15,713,184.83 yuan, representing 50.14% of the net profit attributable to shareholders[168]. - The company ensures that profit distribution does not exceed the cumulative distributable profits and does not harm its ongoing operational capability[166]. Future Outlook and Strategic Initiatives - The company plans to enhance market share by increasing market expansion efforts and innovating marketing strategies[112]. - The company will invest in smart manufacturing and digital transformation, particularly in the Shanghai Longlide Cultural Innovation Park[113]. - The company aims to improve production efficiency and product quality through continuous upgrades in equipment and processes[114]. - The company plans to leverage the growing demand for packaging due to the rise of e-commerce and personalized customization[112]. - The company will focus on building a digitalized and interconnected operational framework to support decision-making and management[113].