WBD(SZ:300055)2024-04-23 11:56Financial Performance - In 2023, the company achieved operating revenue of 2.821 billion yuan, a year-on-year increase of 3.82%[3] - The net profit attributable to shareholders was -191 million yuan, a year-on-year decrease of 343.74%, primarily due to credit and asset impairment losses totaling 229 million yuan[3] - The company's operating revenue for 2023 was ¥2,821,496,079.31, representing a 3.82% increase compared to ¥2,717,675,693.11 in 2022[21] - The net profit attributable to shareholders for 2023 was -¥191,209,954.55, a decrease of 343.74% from ¥78,448,030.69 in 2022[21] - The net cash flow from operating activities was -¥40,661,259.25 in 2023, a decline of 104.63% compared to ¥877,876,368.74 in 2022[21] - The total assets at the end of 2023 were ¥7,205,397,263.82, down 5.11% from ¥7,593,314,432.81 at the end of 2022[21] - The company's net assets attributable to shareholders increased by 3.04% to ¥5,132,467,544.13 at the end of 2023, compared to ¥4,980,963,419.18 at the end of 2022[21] - The basic earnings per share for 2023 was -¥0.2293, a decrease of 334.70% from ¥0.0977 in 2022[21] - The company reported a significant increase in non-operating income, totaling ¥33,393,864.41 in 2023, compared to ¥14,031,265.92 in 2022[28] Business Strategy and Future Plans - The company plans to maintain a dual-driven model focusing on chemical new materials and environmental protection, aiming for significant transformation and growth in 2024[5] - Future plans include expanding high-end water treatment business and enhancing environmental protection services[5] - The company is transitioning from an engineering and industrial water operation focus to a new materials and comprehensive utilization of industrial water treatment and hazardous waste treatment[32] - The company is committed to supporting the "dual carbon" strategy and promoting green development as part of its long-term strategy[32] - The company plans to actively explore downstream markets and leverage existing production capacity while accelerating the implementation of in-progress capacity projects[34] - In 2024, the company anticipates a recovery in downstream demand, particularly in the real estate sector, driven by government policies aimed at stabilizing housing projects, which is expected to boost demand for related chemical materials[34] Industry Challenges - The overall petrochemical industry experienced a decline in both revenue and profit in 2023, impacting the company's performance[4] - The new materials business faced challenges with rising raw material prices and insufficient external demand, resulting in increased revenue but decreased profitability[4] - The demand for key products such as hot melt adhesives has significantly decreased due to a drop in production related to mask manufacturing and packaging during the pandemic, leading to high inventory levels and reduced production willingness[34] - Increased competition in the hazardous waste industry poses a risk, necessitating continuous technological innovation and improved management to enhance market competitiveness[123] - The company faces risks from industry cyclicality, particularly due to fluctuations in upstream raw material supply and downstream market demand, which could impact business performance[121] Environmental and Technological Developments - The company has developed a complete treatment process for high-concentration organic wastewater, achieving significant optimization and application validation[48] - The company has successfully developed a lithium extraction technology from salt lakes, resulting in four patent authorizations during the reporting period[50] - The company is developing differentiated hydrogenated copolymers to expand its high-end material business, with significant market potential for new products[86] - The company is focused on expanding its business in industrial wastewater and hazardous waste treatment, indicating a strategic growth area[155] - The company is committed to improving its pollution control technologies and expanding its waste treatment capabilities[198] Governance and Compliance - The company adheres to governance regulations, ensuring that shareholder rights are respected and that there is no interference from controlling shareholders in operational decisions[130] - The company has established a board of directors consisting of 7 members, with 3 independent directors, meeting legal requirements[134] - The company has maintained compliance with corporate governance standards, continuously improving its governance structure[140] - The internal audit system has been effectively executed, enhancing the company's governance level and ensuring operational goals are met[141] - The company actively communicates with shareholders, especially minority shareholders, to address their concerns[174] Employee and Management Structure - The total number of employees at the end of the reporting period is 1,306, with 515 in the parent company and 791 in major subsidiaries[169] - The professional composition includes 794 production personnel, 39 sales personnel, 273 technical personnel, 34 financial personnel, 82 administrative personnel, and 84 others[169] - The company has a competitive modern compensation structure linked to performance, with various benefits including meal allowances, communication subsidies, and annual health check-ups[170] - The company has implemented a performance-linked salary policy to enhance employee motivation and align employee income with company performance[170] Dividend and Financial Management - The company will distribute a cash dividend of 0.15 yuan per 10 shares to all shareholders, with no bonus shares issued[6] - The company emphasizes a stable and continuous profit distribution policy, prioritizing cash dividends to enhance investor returns[173] - The total remuneration paid to directors, supervisors, and senior management in 2023 amounted to 5.8462 million yuan, including 300,000 yuan for independent directors[157] Environmental Impact and Compliance - The company has established various environmental protection policies and standards to comply with regulations[184] - The company is classified as a key pollutant discharge unit by environmental protection authorities[184] - The company has implemented measures to ensure compliance with multiple environmental laws and regulations[186] - The company achieved a reduction in SO2 emissions to 10.96 mg/m³, which is a significant improvement compared to previous levels[194] - The company is focusing on expanding its market presence through strategic acquisitions and partnerships in the environmental sector[194]