浙江众成(002522) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 was CNY 1,728,354,309.70, a decrease of 8.27% compared to CNY 1,884,273,321.41 in 2022[22]. - Net profit attributable to shareholders decreased by 32.19% to CNY 104,035,271.48 from CNY 153,424,093.28 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 93,748,426.10, down 33.80% from CNY 141,608,869.82 in 2022[22]. - The cash flow from operating activities was CNY 189,496,699.77, a decline of 30.96% compared to CNY 274,485,098.02 in the previous year[22]. - Basic and diluted earnings per share were both CNY 0.11, representing a decrease of 35.29% from CNY 0.17 in 2022[22]. - The total assets at the end of 2023 were CNY 3,669,172,847.36, a slight increase of 0.07% from CNY 3,666,434,392.72 at the end of 2022[22]. - The net assets attributable to shareholders increased by 3.63% to CNY 2,238,972,271.26 from CNY 2,160,639,000.11 in the previous year[22]. - The company reported a significant decline in quarterly net profit, with the fourth quarter showing only CNY 15,959,049.07 compared to CNY 33,299,239.60 in the second quarter[26]. - The government subsidies recognized in 2023 amounted to CNY 6,219,601.32, down from CNY 10,643,272.30 in 2022[28]. Business Operations - The company has shifted its main business focus from solely producing POF shrink film to a dual focus on POF shrink film and thermoplastic elastomer products since 2018[20]. - The company operates in the plastic packaging film manufacturing industry, specifically in the shrink film sector, which is expected to maintain stable growth due to increasing demand in the fast-moving consumer goods market[33]. - The company is the largest POF shrink film producer in China, with sales exceeding 40,000 tons in 2023, maintaining a leading position in the industry[36]. - The production capacity for thermoplastic elastomers is approximately 70,000 tons, with a utilization rate of 93.87%[42]. - The company has developed alternative products to previously monopolized foreign products, such as barrier films and high-strength films, indicating a strong competitive advantage[36]. - The company has established long-term cooperative relationships with major suppliers for key raw materials, ensuring stable procurement[39]. - The company’s thermoplastic elastomer products have been applied in various fields, including asphalt modification and adhesives, with high-value products like SEP being used in optical fiber protection[37]. - The company is actively exploring new development paths despite challenges in the economic environment and industry supply chains[35]. Research and Development - The company has obtained multiple patents through continuous R&D investment, enhancing product innovation and technological capabilities[42]. - The company emphasizes continuous innovation, with a mature mechanism for technological advancement, resulting in several benchmark products in the industry[49]. - The company has a robust R&D team in collaboration with Beijing University of Chemical Technology, achieving breakthroughs in various technologies[48]. - The company plans to expand its product applications through the commercialization of polar SBCs and TPU blending materials, which are expected to enhance both social and economic benefits[73]. - The company has increased its investment in technology development and launched new high-end products, improving the proportion of high-end product revenue[50]. Market and Sales - The sales volume of POF shrink film reached 40,000 tons, maintaining stable growth and solidifying the company's market leadership[53]. - The sales volume of thermoplastic elastomers was 64,000 tons, with a focus on adjusting the product structure towards hydrogenated products[54]. - Domestic sales contributed CNY 1.20 billion, making up 70.38% of total revenue, a decrease of 3.41% from the previous year[59]. - International sales accounted for CNY 510.46 million, or 29.62% of total revenue, down 15.53% year-on-year[59]. - The company is actively expanding into new markets and industries while deepening existing customer relationships to enhance market competitiveness[52]. Governance and Management - The company has established a complete independent business system, including R&D, production, procurement, and sales, ensuring no reliance on controlling shareholders[121]. - The company maintains independent financial management, with a separate accounting department and independent bank accounts for financial operations[124]. - The company has a clear asset ownership structure, ensuring no dependency on controlling shareholders for production-related assets[123]. - The company is committed to improving its governance level and operational compliance continuously[119]. - The company has conducted three temporary shareholder meetings in 2023, with participation rates of 32.55%, 25.25%, and 25.24% respectively[127]. Environmental Compliance - The company has made continuous investments in environmental protection and upgraded waste treatment facilities to ensure compliance with relevant standards[182]. - The company obtained a new pollution discharge permit valid until January 22, 2029, and is managing environmental compliance accordingly[184]. - The company’s environmental facilities are operating normally and effectively, adhering to various pollution discharge standards[183]. - The company has established a charity fund, contributing 50,000 yuan annually to support charitable and educational initiatives[200]. - The company has not reported any environmental incidents as per the disclosure requirements[198]. Employee Management - The total number of employees at the end of the reporting period is 1,066, with 702 in the parent company and 364 in major subsidiaries[165]. - The employee composition includes 666 production personnel, 34 sales personnel, 118 technical personnel, 18 financial personnel, and 230 administrative personnel[165]. - The company adheres to labor laws, providing comprehensive social insurance for all employees[199]. - The company emphasizes employee training, focusing on practical effectiveness and departmental needs, with various training programs in place[168]. Future Outlook - In 2024, the company will focus on "focusing on the main business and seeking progress in stability," emphasizing "differentiated" development strategies and continuous innovation as the core driving force for industry system construction[106]. - The company plans to accelerate the production and market launch of high-barrier films and promote BDF film applications, targeting the food packaging barrier film market[108]. - The company aims to enhance product quality and market demand, ensuring quality, supply, and safety while optimizing production plans to reduce consumption and improve operational efficiency[107].