SCC(SH:600740)2024-04-22 08:28Financial Performance - Basic earnings per share for 2023 decreased by 50.61% to CNY 0.4977 from CNY 1.0077 in 2022[36] - The weighted average return on equity dropped by 10.8 percentage points to 8.64% in 2023 from 19.44% in 2022[36] - The company's total operating revenue for the reporting period was approximately 874.93 million yuan, a decline of 27.54% compared to the previous year[47] - Net profit attributable to shareholders was ¥1,275,272,586.84, down 50.61% from ¥2,581,955,243.20 in the previous year[62] - The company experienced a net cash flow from operating activities of -¥1,899,894,178.27, compared to -¥599,989,281.51 in 2022[62] - The company's operating revenue for the current period is approximately ¥8.75 billion, a decrease of 27.54% compared to ¥12.07 billion in the same period last year[95] - The company's operating costs decreased by 20.76% to approximately ¥9.71 billion from ¥12.25 billion year-on-year[95] - The company reported a revenue of ¥8,701,568,638.82 in the coking segment, with a gross margin of -11.11%, reflecting a year-over-year decrease of 27.69% in revenue and a 20.88% increase in costs[171] Shareholder Information - The company plans to distribute a cash dividend of RMB 0.5 per 10 shares, totaling RMB 128,106,057.70, which represents 10.05% of the net profit attributable to shareholders for 2023[14] - As of the end of the reporting period, the total number of ordinary shareholders was 93,115, an increase from 88,112 at the end of the previous month[16] - The company’s major shareholder, Shanxi Coking Coal Group Co., Ltd., holds 51.14% of the shares, totaling 1,310,317,574 shares[18] - The company’s total share capital as of December 31, 2023, is 2,562,121,154 shares[14] Operational Efficiency - The company is focusing on improving operational efficiency and reducing costs in response to the declining profitability[42] - The company implemented a digital finance system, enhancing cash flow management and operational efficiency[48] - The company has focused on optimizing its procurement strategy to control costs effectively amid rising raw material prices[48] - The company has implemented lean management practices to enhance safety and operational efficiency, resulting in stable production operations despite market challenges[67] - The company is focused on optimizing its product line and production capacity structure[118] Production and Sales - The company sold a total of 2.8974 million tons of coke during the reporting period, reflecting a year-on-year decrease of 17.79% in production[47] - The production volume of coke is approximately 2.91 million tons, a decrease of 17.79% year-on-year, while sales volume is approximately 2.90 million tons, down 18.31%[98] - The production of coke in 2023 was 2.9086 million tons, a decrease of 17.79% compared to 3.5378 million tons in 2022[133] - The company produced 290.86 thousand tons of coke, with a significant decline in production volume compared to the previous year[47] Investment and R&D - The company has invested approximately ¥95.28 million in R&D, accounting for 1.09% of operating revenue[105] - The company has 322 R&D personnel, accounting for 5.47% of the total workforce, with 24 holding master's degrees[82] - The company confirmed an investment income of CNY 299,645.55 million from the acquisition of 49% stake in Zhongmei Huajin, contributing to an increase in operating profit by the same amount[107] Market Strategy - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[42] - The company plans to produce 3,040,000 tons of coke, process 300,000 tons of tar, process 100,000 tons of crude benzene, produce 230,000 tons of methanol, and produce 60,000 tons of carbon black in 2024[156] - The company is focused on developing modern coal chemical technology and aims to establish a significant modern coal chemical demonstration base by 2030[110] Environmental and Safety Compliance - The company has maintained a zero incidence of serious injuries and above, with a 100% compliance rate in employee safety training[67] - The company has implemented a water treatment process that includes various stages to ensure compliance with environmental standards[130] - The wastewater deep treatment and reuse project processed 2.39 million tons of wastewater, saving 860,000 tons of fresh water, and reducing major pollutants COD by 227.05 tons and ammonia nitrogen by 9.56 tons[121] Financial Position - Total assets at the end of 2023 were ¥24,985,814,668.91, an increase of 6.52% from ¥23,457,081,447.09 in 2022[63] - The company’s net assets at the end of 2023 were ¥1,536,784.78 million, with equity attributable to shareholders at ¥1,515,605.98 million[67] - The company has a total loan amount of 342.8 million RMB with an interest rate of 3.65%[136] Governance and Management - The company is focused on enhancing its governance structure and internal control management processes to ensure compliance with regulatory requirements[180] - The total remuneration for all directors, supervisors, and senior management personnel was CNY 7.3 million[195] - The company held a total of 6 board meetings in the year, all conducted in person[200] Risks and Challenges - The company faces risks related to macroeconomic fluctuations, environmental protection regulations, resource supply, and safety management[157] - The company has implemented measures to strengthen cooperation with long-term suppliers to mitigate resource supply risks[157]