GREAT RIVER SMARTER(SZ:002930)2024-04-24 13:26Financial Performance - The company's operating revenue for 2023 reached ¥1,547,069,978.22, representing a 22.48% increase compared to ¥1,263,151,128.72 in 2022[19]. - Net profit attributable to shareholders was ¥296,335,571.13, a 32.03% increase from ¥223,664,948.06 in the previous year[19]. - The net cash flow from operating activities was ¥1,056,037,366.26, up 24.42% from ¥848,769,227.11 in 2022[19]. - Basic earnings per share increased by 30.00% to ¥0.65 from ¥0.50 in 2022[19]. - Total assets at the end of 2023 were ¥9,468,144,890.96, reflecting a 3.34% increase from ¥9,160,914,416.51 in 2022[19]. - The net assets attributable to shareholders rose by 11.50% to ¥2,643,345,129.76 from ¥2,369,890,861.44 in 2022[19]. - The company reported a quarterly operating revenue of ¥375,875,664.06 in Q1, ¥397,723,005.35 in Q2, ¥386,933,526.50 in Q3, and ¥386,537,782.31 in Q4[24]. - The net profit attributable to shareholders for Q1 was ¥68,814,420.28, Q2 was ¥91,142,132.44, Q3 was ¥80,583,812.94, and Q4 was ¥55,795,205.47[24]. - The comprehensive storage and transshipment services generated revenue of approximately 1.498 billion yuan, accounting for 96.83% of total operating revenue, with a growth of 24.05%[51]. - The company reported a revenue increase of 15% year-over-year, reaching 1.2 billion RMB in Q1 2023[96]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2.50 RMB per 10 shares to all shareholders, based on a total of 460,267,421 shares[3]. - The cash dividend distribution plan for 2023 includes a cash dividend of ¥2.50 per 10 shares, totaling ¥115,066,855.25, which represents 49.22% of the net profit for the year[151]. - The total distributable profit for the company was ¥333,419,078.54, with the cash dividend accounting for 100% of the profit distribution[151]. Governance and Compliance - The company emphasizes the importance of reading the full annual report, particularly the section on future development outlook and related risk factors[3]. - The company has a comprehensive governance structure in place, ensuring accountability and compliance with regulatory requirements[4]. - The company adheres to legal and regulatory frameworks, ensuring that all shareholder meetings are conducted in compliance with relevant laws[103]. - The company has maintained a good governance status, aligning with the standards set by the China Securities Regulatory Commission[103]. - The company is committed to ensuring the rights of minority shareholders are protected during shareholder meetings[103]. - The company has established a fair and transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management, with performance salaries determined by the board's compensation and assessment committee[106]. - The company maintains independence in assets, personnel, finance, institutions, and business from its controlling shareholders, ensuring a complete business system and independent operational capabilities[108]. Strategic Development and Market Expansion - The company is focused on expanding its market presence and enhancing its service offerings through strategic investments and partnerships[9]. - The company is focusing on dual-track development in terminal tank storage and chemical warehouse storage, supported by a strong demand-supply imbalance in the third-party petrochemical storage sector[38]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[96]. - The company plans to increase overall tank and warehouse capacity through self-built projects and acquisitions, aiming for comprehensive service capability improvement[88]. - The company aims to build a modern petrochemical logistics service platform by integrating resources and innovating business models to enhance supply chain connectivity[87]. Research and Development - Research and development expenses increased by 117.93% to ¥51,871,323.84, due to expanded R&D scope and enhanced automation and information management[62]. - The company is developing emergency shutdown technology to enhance safety in chemical operations, aiming to improve operational safety standards[63]. - The company increased its R&D personnel by 33.91% from 174 to 233, with R&D personnel now accounting for 13.45% of the total workforce[64]. - R&D investment rose by 105.88% to ¥53,462,271.73, with R&D expenditure as a percentage of revenue increasing from 2.06% to 3.46%[65]. Environmental Compliance - The company maintains compliance with environmental regulations, holding valid pollution discharge permits for its subsidiaries, with expiration dates extending to 2028[174]. - The total wastewater discharge was 1.30664 tons, with a permitted discharge limit of 1.682892 tons, indicating compliance with local water pollution discharge standards[176]. - The company has implemented a waste disposal strategy for hazardous waste, with a total of 28.211 tons of hazardous waste generated annually[176]. - The company has invested CNY 16.8588 million in environmental governance and protection during the reporting period, and paid CNY 0.0096 million in environmental protection tax[190]. Investor Relations - The company conducted multiple investor relations activities throughout January to March 2023, focusing on operational performance discussions with various institutions[94]. - The company is actively engaging with institutional investors to discuss its business operations and strategies, indicating a commitment to transparency and investor relations[94]. - The company has established a dedicated investor relations management system, allowing investors to communicate through various channels to understand the company's operations and development[107]. Operational Efficiency and Technology - The company is focusing on building a smart logistics system, leveraging modern information technology to enhance operational efficiency and reduce management costs[86]. - A new logistics technology platform is set to launch in Q3 2023, expected to improve operational efficiency by 15%[96]. - The company aims to reduce operational costs by 10% through strategic partnerships and process optimization initiatives[96]. Employee Management and Training - The total number of employees at the end of the reporting period is 1,732, with 1,724 from major subsidiaries[145]. - The company has implemented a comprehensive training system, focusing on various levels and functions to enhance employee skills and safety awareness[147]. - The company has established a multi-level and multi-dimensional compensation and benefits system, with annual salary adjustments occurring in January and July[146].