DQHK(SZ:000985)2024-04-26 12:12Dividend and Shareholder Information - The company plans to distribute a cash dividend of 0.18 RMB per 10 shares to all shareholders, based on a total of 129,639,500 shares [3]. - The largest shareholder, China Petroleum Daqing Oilfield, holds 55.03% of the shares, totaling 71,339,700 shares [139]. - Daqing High-tech State-owned Assets Operation Co., Ltd. holds 8.47% of the shares, totaling 10,980,900 shares, with 5,490,000 shares pledged [139]. - The total number of shareholders at the end of the reporting period is 10,560, with no changes in shareholding during the reporting period [139]. - The company has no restricted shares in circulation during the reporting period [141]. - The board approved a dividend payout of 0.5 RMB per share, reflecting a commitment to returning value to shareholders [79]. Financial Performance - The company's operating revenue for 2023 was ¥2,000,204,861.54, a decrease of 23.34% compared to ¥2,609,036,852.21 in 2022 [6]. - The net profit attributable to shareholders for 2023 was ¥5,676,684.90, down 63.16% from ¥15,408,919.20 in 2022 [6]. - The net profit excluding non-recurring gains and losses was ¥1,039,692.83, a decline of 91.31% from ¥11,958,066.78 in 2022 [6]. - The basic earnings per share for 2023 was ¥0.0438, down 63.19% from ¥0.119 in 2022 [6]. - The total operating cost for 2023 was ¥1,893,926,862.57, a decrease of 24.43% from ¥2,506,206,934.63 in 2022 [53]. - The company reported a total cash inflow from investment activities of CNY 1,681,287.50, a significant increase from CNY 106,312.50 in the previous year, highlighting improved investment recovery [170]. Operational Highlights - The company has undergone several changes in its business operations since its establishment in 1998, expanding into various sectors including healthcare products and chemical production [13]. - The company has established a complete product sales network, with sales primarily focused on Northeast China while also exporting to Southeast Asia and North America [43]. - The company achieved operating revenue of 2.00 billion yuan, with a total profit of 4.12 million yuan and a net profit of 5.68 million yuan for the reporting period [45]. - The company exported goods worth 596.87 million USD during the reporting period [45]. - The production facility's overall operational stability rate reached 97.59% during the reporting period [46]. Research and Development - The company holds a total of 16 national patents, including 11 invention patents, with core technologies for C5 and C9 petroleum resins being proprietary [44]. - Research and development expenses fell by 37.55% to ¥10,047,354.61, attributed to fewer projects entering trial production compared to 2022 [54]. - The number of R&D personnel decreased by 14.71% to 58, while their proportion of total employees increased slightly to 12.37% [55]. - The company is in the pilot stage of developing several new products, including high softening point carbon five resin and modified dicyclopentadiene petroleum resin, to diversify its product offerings [56]. - The company is investing 500 million RMB in R&D for new technologies aimed at improving production efficiency by 20% [79]. Market and Industry Outlook - The company expects the petrochemical industry to recover in 2024, driven by domestic demand and economic policies aimed at stabilizing growth [22]. - The market demand for C5 petroleum resins is expected to rise, particularly in road marking paint and hot melt adhesives, due to economic recovery and policy support [26]. - The domestic polypropylene production capacity increased by 13.73% year-on-year in 2023, reaching 39.76 million tons per year [31]. - The company plans to leverage technological innovation to improve production processes and enhance core competitiveness in the traditional industry [62]. - The company is expanding its market presence, with plans to enter three new international markets by the end of 2024 [93]. Governance and Compliance - The company maintains a complete and independent governance structure, ensuring compliance with relevant laws and regulations [67]. - The company has established independent financial management and accounting systems, ensuring financial autonomy [69]. - The company has maintained a stable governance structure with the election of new independent directors to ensure compliance and oversight [75]. - The company emphasizes the importance of internal control systems and decision-making processes to enhance overall governance [90]. - The company has a structured approach to ensure the protection of minority shareholders' rights during board decisions [90]. Environmental and Social Responsibility - The company invested a total of 6.8172 million yuan in environmental governance and protection during the reporting period [115]. - The company achieved a 100% compliance rate for the disposal of waste gas, waste water, and solid waste during the reporting period [111]. - The company has implemented measures to reduce carbon emissions, including optimizing production processes and improving fuel combustion efficiency [116]. - The company has established various emergency response plans for environmental incidents, which have been reviewed by experts and filed with relevant authorities [112]. - The company has maintained compliance with environmental protection laws and standards, as it is classified as a key pollutant discharge unit [108]. Financial Controls and Audit - The internal control system is deemed effective, with no major deficiencies identified during the reporting period [101]. - The audit opinion for the financial statements was a standard unqualified opinion, issued by Tianjian Accounting Firm on April 25, 2024 [151]. - The company is responsible for ensuring the financial statements are free from material misstatement due to fraud or error, emphasizing the importance of internal controls [160]. - The company’s financial reporting adheres to the relevant accounting standards, ensuring accurate initial measurement and subsequent measurement of financial assets and liabilities [187]. - The company maintains a robust framework for measuring and reporting financial instruments, ensuring compliance with applicable accounting standards [189].