ST升达(002259) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 was ¥778,440,862.03, a decrease of 57.87% compared to ¥1,847,926,134.80 in 2022[24] - The net profit attributable to shareholders was -¥1,100,118.14, representing a significant increase in losses of 98.26% compared to -¥63,105,438.83 in the previous year[24] - The net profit after deducting non-recurring gains and losses was ¥17,769,853.13, down 40.43% from ¥29,830,682.22 in 2022[24] - The basic earnings per share for 2023 was -¥0.0015, an improvement of 98.21% from -¥0.0839 in 2022[24] - Total assets at the end of 2023 were ¥893,248,683.31, a decrease of 7.90% from ¥969,871,125.38 at the end of 2022[24] - The company's cash flow from operating activities was ¥122,072,564.54, a slight decrease of 1.12% compared to ¥123,457,301.77 in 2022[24] - The weighted average return on net assets was -0.46%, an improvement of 75.43% from -75.89% in the previous year[24] - The company reported a decrease in net assets attributable to shareholders to ¥245,067,037.87, a slight increase of 1.77% from ¥240,795,956.52 in 2022[24] Revenue and Sales - The company's total revenue for Q1 2023 was ¥211,142,599.51, which decreased to ¥176,307,027.66 by Q4 2023, reflecting a downward trend throughout the year[29] - The net profit attributable to shareholders for Q1 2023 was ¥4,627,040.94, but it turned negative in Q4 2023 with a loss of ¥25,665,337.06[29] - LNG and gas sales accounted for ¥622,328,204.56, representing 79.95% of total revenue, down 65.90% from ¥1,824,936,548.87 in the previous year[53] - The company achieved a gross margin of 13.93% in the gas industry, which is an increase of 6.31% year-on-year despite a 57.87% drop in revenue[54] - The LNG processing fee revenue surged by 767.35% to ¥150,754,380.89, with a gross margin of 42.10%[54] - The company’s LNG sales volume increased by 6.15% to 35.58 million tons, while production volume rose by 5.69% to 33.80 million tons[55] - The procurement volume of LNG increased by 25.17% to 1.79 million tons, indicating a strategic effort to enhance supply chain resilience[55] Legal and Compliance Issues - The company continues to face significant legal risks due to fund occupation issues by the former controlling shareholder, with ongoing litigation expected in 2024[3] - The company reported a total of ¥18,869,971.27 in non-recurring losses for 2023, primarily due to litigation provisions and other extraordinary expenses[32] - The company is involved in a lawsuit with a claim amount of 12,145.35 million CNY, where it seeks repayment from Shengda Group for borrowed funds[159] - The company has a pending lawsuit against Chengdu Rural Commercial Bank for 9,750 million CNY, which is currently awaiting a court hearing[159] - The company has a liability of 2,500 million CNY related to a guarantee responsibility in a case involving Ma Taiping[160] - The company is also involved in a legal dispute with Xiamen International Bank and Guizhou Zhonghong, with a claim amount of 30,000 million CNY, which has been accepted for review[160] - The company has a separate case against Xiamen International Bank for 20,000 million CNY, which has also been accepted for review[160] - The company is pursuing claims against Shengda Group for a portion of the debts it cannot repay, amounting to 50% of the compensation responsibility[160] Operational Strategy and Future Plans - The company plans not to distribute cash dividends or issue bonus shares for the year[4] - The company aims to resolve the 92,473.70 million yuan fund occupation by Shengda Group through legal measures and market-based methods[85] - The company intends to enhance its core competitiveness and pursue high-quality development by focusing on efficient operations and deepening management practices[86] - The company will focus on high-quality and efficient development in 2024, optimizing pricing and volume dynamics, and enhancing capacity utilization to mitigate market risks[88] - The company aims to diversify gas sources to reduce procurement costs of key raw materials[88] - The company emphasizes the establishment of a comprehensive risk management system to enhance execution and internal supervision[89] Corporate Governance - The company strictly adheres to legal regulations and maintains a high level of corporate governance, ensuring no significant discrepancies with regulatory requirements[99] - The company has established a transparent performance evaluation and incentive mechanism for its directors and senior management[97] - The company has a complete and independent supply, production, and sales system[100] - The company operates independent bank accounts and tax obligations[102] - The company has no related party transactions that would compromise its independence[100] - The company has a well-established organizational structure that operates independently[100] - The company has not experienced any resignations of directors or senior management during the reporting period[106] Employee and Talent Management - The total number of employees at the end of the reporting period was 236, with 92 in production, 8 in sales, 47 in technology, 22 in finance, 37 in administration, and 30 in logistics[124] - The company has established a scientific and fair salary distribution system, with salaries linked to performance and adjusted according to economic conditions[125] - The company has a training plan focused on enhancing employee skills and aligning with company strategy, combining internal and external training[126] - The company has 5 employees with a master's degree or higher, and 70 with a bachelor's degree[124] Environmental and Social Responsibility - The company invested 290,000 yuan in public welfare funds for greening and tree planting initiatives in 2023[142] - The company donated 200,000 yuan to social welfare organizations in Mizhi County to support local community initiatives[142] - The company has committed to social responsibility by supporting local poverty alleviation and rural revitalization initiatives[143] - The company plans to actively participate in national poverty alleviation strategies and enhance its social responsibility efforts[143] Shareholder Structure - The total number of shares is 752,328,267, with 100% being ordinary shares[190] - The total number of shareholders at the end of the reporting period was 15.608 million, an increase from 15.443 million at the end of the previous month[191] - The company has no controlling shareholder or actual controller, which reflects a unique ownership structure[194][197] - The report indicates that there were no changes in the top ten shareholders during the reporting period, suggesting stability in ownership[196] - The company has a total of 11,873,753 shares held by shareholder Zheng Qinghua, contributing to the overall distribution of shares among significant investors[193]