嘉华股份(603182) - 2023 Q4 - 年度财报

Financial Performance - The total operating revenue for the reporting period was CNY 1,690,425,208.09, representing a year-on-year increase of 5.05%[1]. - The gross profit margin for the main business decreased by 0.45 percentage points to 12.47%[1]. - The revenue from soybean protein was CNY 967,235,027.85, with a year-on-year decrease of 1.87%[1]. - The revenue from soybean oil was CNY 275,028,634.56, showing a year-on-year decrease of 9.69%[1]. - The revenue from soybean dietary fiber increased significantly by 54.82% year-on-year, reaching CNY 120,177,003.65[1]. - Domestic sales accounted for CNY 1,160,894,322.81, with a year-on-year increase of 5.87%[1]. - The company reported a significant increase in revenue, reaching $1.2 billion, representing a 15% year-over-year growth[33]. - The company reported a net profit margin of 12%, an improvement from 10% in the previous year[33]. - The net profit attributable to shareholders for 2023 was CNY 110,135,183.05, a decrease of 3.71% from CNY 114,381,113.92 in 2022[155]. - Basic earnings per share for 2023 was CNY 0.67, down 22.09% from CNY 0.86 in 2022[158]. - The company's total assets at the end of 2023 were CNY 1,284,976,813.31, an increase of 8.58% from CNY 1,183,475,624.03 in 2022[155]. - The net assets attributable to shareholders increased by 6.56% to CNY 1,029,145,337.06 at the end of 2023[155]. - The company reported a weighted average return on equity of 11.09% for 2023, a decrease of 7.33 percentage points from 18.42% in 2022[158]. Research and Development - The company plans to enhance R&D investment and strengthen collaboration with research institutions to improve product innovation and competitiveness[14]. - The company is investing $50 million in R&D for new technologies aimed at enhancing product efficiency[33]. - The company has developed new products such as 9225, 921, 9215, and 912N to meet high-end market demands[176]. - The company completed one key research and development project and applied for a provincial-level talent introduction project[176]. - Research and development expenses decreased by 40.84% to CNY 9.9 million due to the completion of several projects[192]. Market Strategy and Expansion - The company plans to expand its market presence and has proposed new fundraising projects during the annual general meeting held on May 23, 2023[25]. - Market expansion plans include entering three new international markets by the end of the year, projected to increase market share by 10%[33]. - The company is considering strategic acquisitions to bolster its product portfolio, with a budget of $100 million allocated for potential deals[33]. - The company has a strong export presence, with products sold to numerous countries including the EU, the USA, Australia, and Japan, indicating a robust international market strategy[183]. - The company employs a dual sales model, focusing on direct sales domestically and distributor sales internationally, facilitating rapid market expansion[185]. Corporate Governance - The company has no controlling shareholder and maintains independent operational capabilities across business, personnel, assets, and finance[25]. - The company’s board of directors and supervisory board operate independently, ensuring effective governance[25]. - The company has a remuneration and assessment committee that reviews the remuneration proposals for directors and senior management without objections[38]. - The board of directors held a total of 6 meetings during the year, with all members present at each meeting[45]. - The company has not faced any penalties from securities regulatory agencies in the past three years[41]. Environmental Responsibility - The company has complied with environmental standards, with all monitored pollutants remaining below the specified limits[73]. - The company invested 51.01 million yuan in environmental protection during the reporting period[76]. - The wastewater treatment plant has a processing capacity of 8,000 m³/d, ensuring compliance with local discharge standards[82]. - The company reported zero environmental violations or administrative penalties during the reporting period[78]. - The company has established a comprehensive environmental protection responsibility system and management procedures[78]. Employee and Workforce Management - The company reported a total of 852 employees, with 672 in the parent company and 180 in major subsidiaries[55]. - The workforce composition includes 612 production staff, 66 sales personnel, 42 technical staff, 12 financial staff, and 120 administrative staff[55]. - The company has established a performance-based salary structure, including performance bonuses and safety awards, to attract and retain talent[59]. - The company has implemented a comprehensive training management system to identify and address training needs annually[60]. - The company has a history of appointing experienced professionals in key management roles, enhancing its operational capabilities[37]. Financial Commitments and Shareholder Relations - The company has established a profit distribution policy to enhance transparency and protect shareholder interests, with a focus on cash dividends[118]. - The company plans to distribute a cash dividend of 0.40 CNY per share, totaling 65.82 million CNY, which represents 59.76% of the net profit attributable to ordinary shareholders in the consolidated financial statements[61]. - The company has outlined a three-year dividend return plan following its IPO to ensure stable and continuous profit distribution[118]. - The management's compensation will be linked to the execution of the company's return measures, ensuring alignment with shareholder interests[119]. - The company will take measures to ensure compliance with the commitments made in the prospectus, including public apologies if commitments are not fulfilled[119].