TIANSHAN ALUMINUM(SZ:002532)2024-04-08 16:00Dividend Distribution - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares to all shareholders, totaling approximately 4.62 billion RMB[3]. - The company approved a cash dividend of RMB 2 per 10 shares, totaling RMB 925,747,483, with no stock bonus or capital reserve conversion[135]. - The total distributable profit for the company was RMB 2,205,311,394.06, with cash dividends accounting for 31.45% of the total profit distribution[137]. Financial Performance - The company's operating revenue for 2023 was ¥28,974,772,367.83, a decrease of 12.22% compared to ¥33,008,418,336.65 in 2022[14]. - The net profit attributable to shareholders for 2023 was ¥2,205,311,394.06, down 16.80% from ¥2,650,475,330.04 in 2022[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,883,104,476.20, a decrease of 25.81% from ¥2,538,346,977.78 in 2022[14]. - The basic earnings per share for 2023 were ¥0.48, down 15.79% from ¥0.57 in 2022[14]. - The diluted earnings per share for 2023 were also ¥0.48, reflecting the same decrease of 15.79% from ¥0.57 in 2022[14]. - The weighted average return on equity for 2023 was 9.44%, down from 12.06% in 2022, indicating a decline of 2.59%[14]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and forecasts, urging investors to understand the differences between plans, predictions, and commitments[2]. - The company has detailed potential risks it may face in the report, particularly in the section discussing future development outlooks and risk management strategies[3]. - The company acknowledges risks related to macroeconomic fluctuations and raw material price volatility, which could impact sales and performance[91]. - The company emphasizes the importance of effective management of raw material and energy price fluctuations to mitigate adverse impacts on operational performance[92]. Environmental and Social Responsibility - The report includes a section on environmental and social responsibility, highlighting the company's commitment to sustainable practices[4]. - The company is committed to green development by optimizing energy structure and increasing the use of clean energy, aiming to enhance the proportion of renewable energy in its operations[90]. - The company has been selected as a green factory by the Ministry of Industry and Information Technology, reflecting its commitment to sustainable practices[168]. - The company is actively monitoring and managing its emissions to meet or exceed industry standards, reflecting a commitment to sustainability[154]. Production and Operations - The company produced 1.165 million tons of electrolytic aluminum in the reporting period, showing a slight year-on-year increase[37]. - The alumina production reached 2.119 million tons, a significant increase of 37.6% compared to the previous year[37]. - The company generated nearly 13.5 billion kWh of electricity from its self-owned power plants during the year[37]. - The company is actively pursuing the construction of an alumina project in Indonesia, with a focus on starting the first phase of 1 million tons[90]. Research and Development - R&D investment surged by 141.57% from approximately 549.99 million yuan in 2022 to approximately 1.33 billion yuan in 2023, representing 4.59% of operating revenue[62]. - The company is focusing on the domestic production of high-quality aluminum foil for lithium batteries, which has historically relied on imports from Japan and South Korea[60]. - The company is actively pursuing technological advancements in high-purity aluminum and battery aluminum foil processing to support the growth of the domestic battery industry[62]. Governance and Compliance - The company has established a comprehensive governance structure and has completed the re-election of its board and supervisory committee, ensuring compliance with regulatory requirements[97]. - The company has committed to improving corporate governance and ensuring shareholders can fully exercise their rights, which will support sustainable development[178]. - The company guarantees that there are no significant omissions or misleading statements in the information provided, and it will bear legal responsibility for any inaccuracies[177]. Market Expansion and Strategy - The company plans to enhance its core competitiveness by integrating the entire aluminum industry chain and expanding overseas resource development[86]. - Tianshan Aluminum plans to expand its market presence in Southeast Asia, targeting a 30% increase in sales in that region over the next two years[119]. - The company is exploring potential mergers and acquisitions to enhance its production capabilities and market reach[119]. Employee Development and Welfare - The company emphasizes a competitive salary policy based on market principles to attract and retain talent[132]. - The company conducted various training programs, including new employee training and legal training, benefiting nearly 1,000 employees[134]. - The company has committed to providing accurate and complete information regarding the asset restructuring, ensuring that all documents are consistent and truthful[177].