JINNIU CHEMICAL(SH:600722)2024-04-11 16:00Financial Performance - The company's operating revenue for 2023 was ¥511,346,189.29, a decrease of 22.47% compared to ¥659,528,822.77 in 2022[19]. - The net profit attributable to shareholders for 2023 was ¥33,575,207.89, down 32.14% from ¥49,474,216.34 in 2022[19]. - The basic earnings per share for 2023 decreased by 32.05% to ¥0.0494 from ¥0.0727 in 2022[20]. - The weighted average return on equity for 2023 was 2.98%, a decrease of 1.58 percentage points from 4.56% in 2022[20]. - The company reported a total profit of ¥74,552,057.17 for 2023, down 31.6% from ¥108,952,152.56 in 2022[172]. - The company reported a net loss of ¥1,272,118,841.94 in 2023, slightly improved from a loss of ¥1,305,694,049.83 in 2022[166]. - The comprehensive income for the current period amounted to CNY 33,575,207.89, compared to CNY 49,474,216.34 in the previous year[188]. Cash Flow and Investments - The cash flow from operating activities for 2023 increased by 7.18% to ¥162,305,706.39 from ¥151,438,185.73 in 2022[19]. - The net cash flow from investment activities in 2023 was negative at CNY -161,446,656.57, contrasting with a positive CNY 55,389,775.10 in 2022[179]. - Cash inflow from investment activities reached CNY 1,402,644,003.72 in 2023, a notable increase from CNY 45,000,000.00 in 2022[181]. - Cash received from investment recoveries surged to CNY 1,795,000,000.00 in 2023, a significant increase from CNY 485,000,000.00 in 2022[179]. Assets and Liabilities - The total assets at the end of 2023 were ¥1,429,119,669.81, reflecting a 1.99% increase from ¥1,401,240,696.83 at the end of 2022[19]. - Total current assets decreased to CNY 1,070.99 million in 2023 from CNY 1,206.95 million in 2022, reflecting a decline of approximately 11.23%[164]. - Total liabilities amounted to ¥138,872,041.81, down from ¥146,457,464.04, representing a decrease of around 5%[166]. - Owner's equity increased to ¥1,290,247,628.00 in 2023 from ¥1,254,783,232.79 in 2022, showing an increase of about 3%[166]. Production and Sales - Methanol production for the year was 221,000 tons[26]. - The company's methanol production volume was 221,016 tons, with sales volume at 220,001.93 tons, reflecting a decrease of 2.89% and 3.14% respectively compared to the previous year[38]. - Methanol sales revenue reached CNY 481.03 million, accounting for 94.07% of total operating income, highlighting its significance as a primary revenue source for the company[151]. Research and Development - Research and development expenses totaled 6.29 million RMB, representing 1.23% of operating revenue[47]. - The number of R&D personnel is 29, making up 15.68% of the total workforce[48]. - Research and development expenses for 2023 were ¥6,286,391.57, a decrease of 26.1% from ¥8,514,494.82 in 2022[172]. Governance and Compliance - The company emphasizes compliance with regulations and aims to enhance governance and risk management capabilities in 2024[66]. - The company adheres to governance standards set by the Company Law and the Securities Law, continuously improving its governance structure and decision-making processes[71]. - The company has implemented measures to ensure the independence of its assets, personnel, and operations from its controlling shareholders[71]. Environmental and Safety Measures - The company maintained zero incidents of production safety and environmental accidents throughout the year[27]. - The company has a comprehensive environmental protection system in place, with third-party monitoring conducted quarterly[108]. - The company actively conducts emergency drills for environmental incidents to enhance response capabilities and reduce environmental risks[111]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 41,778, an increase from 41,576 at the end of the previous month[132]. - The top shareholder, Hebei Expressway Group, holds 381,262,977 shares, representing 56.04% of the total shares[133]. - The company has not faced any delisting risks or bankruptcy restructuring matters during the reporting period[122].