HSPC(SH:603353)2024-04-26 13:09Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.1 per share (including tax), totaling RMB 17,041,800.00 based on 170,418,000 shares after accounting for repurchased shares[5]. - The total amount spent on share repurchase in 2023 was RMB 2,656,499.00, which is included in the cash dividend calculation, resulting in a total cash dividend of RMB 70,823,699.00, representing 135.59% of the net profit attributable to the parent company[6]. - The proposed cash dividend for the entire year amounts to RMB 0.4 per share (including tax), which is 130.51% of the net profit attributable to the parent company for 2023[5]. - The company distributed dividends totaling CNY 85,171,100.00 during the year, contributing to a 2.12% decrease in net assets attributable to shareholders[30]. - The company has implemented a cash dividend policy that complies with the regulations set by the China Securities Regulatory Commission, ensuring the protection of minority shareholders' rights[108]. Financial Performance - The company's operating revenue for 2023 was CNY 3,273,323,617.03, a decrease of 18.04% compared to CNY 3,994,040,049.35 in 2022[25]. - Net profit attributable to shareholders decreased by 49.66% to CNY 52,232,802.02 from CNY 103,755,976.25 in the previous year[25]. - The basic earnings per share dropped to CNY 0.31, down 48.33% from CNY 0.6 in 2022[26]. - The weighted average return on equity fell to 3.11%, a decrease of 3.02 percentage points from 6.13% in 2022[26]. - The net cash flow from operating activities was CNY 91,274,874.60, down 28.01% from CNY 126,789,862.41 in the previous year[25]. - Total assets decreased by 4.56% to CNY 2,222,696,464.20 from CNY 2,329,002,573.00 in 2022[25]. - The company achieved total revenue of 3.27 billion yuan, a year-on-year decrease of 18.04%, and a net profit attributable to shareholders of 52.23 million yuan, down 49.66%[35]. Revenue Breakdown - Retail revenue for the year was CNY 197,386,330.00, while wholesale revenue was CNY 126,520,130.00, reflecting a decline due to falling oil prices[30]. - Retail sales volume reached 221,000 tons, while wholesale sales volume was 169,000 tons; retail revenue amounted to 1.97 billion yuan and wholesale revenue was 1.27 billion yuan[35]. - Wholesale revenue for 2023 was CNY 1,265.20 million, accounting for 39.06% of total operating revenue[194]. - Retail revenue for 2023 was CNY 1,973.86 million, accounting for 60.94% of total operating revenue[194]. Operational Efficiency - The company has established a complete industrial chain in the refined oil circulation sector, improving operational efficiency and reducing costs[44]. - The company's operating costs decreased by 17.88% to approximately CNY 2.96 billion, primarily due to a reduction in wholesale revenue[48]. - The gross profit margin for retail operations increased by 4.47 percentage points to 14.22%, while the wholesale gross profit margin decreased by 1.80 percentage points to 1.87%[51]. - The company has a strong operational capability and is transitioning to charging stations, which will enhance its business expansion and economic benefits[46]. Strategic Initiatives - The company launched a strategic partnership with Huawei and New Shuneng to develop a high-quality ultra-fast charging service network, with the first charging station covering 4,600 square meters and featuring 68 charging spots[39]. - The company actively responded to national policies promoting the development of new energy vehicles and charging infrastructure, transitioning from traditional energy operations to new energy ultra-fast charging station operations[41]. - The company aims to focus on a dual business model of "traditional energy + new energy," with plans to expand its fast-charging station network while maintaining stable profits from traditional energy services[75]. - The company plans to diversify its services by providing charging services and increasing non-fuel business offerings in response to the growing number of electric vehicles[69]. Customer Engagement - The registered member count exceeded 4.12 million, reflecting a year-on-year growth of 22.26%[43]. - The company reported a 272.5% growth rate in private customer group numbers, enhancing customer retention and loyalty through various membership benefits[36]. - The company is leveraging digital platforms to enhance customer engagement and provide diverse value-added services[46]. - The company will enhance its membership value by optimizing the membership rights system and shifting focus from product sales to long-term customer relationships[76]. Risk Management - The company faces risks from international oil price volatility, which could impact profit margins, and plans to manage inventory effectively to mitigate these risks[77]. - The company is also addressing the risk of underperforming new gas stations by ensuring strategic site selection and establishing a professional acquisition and operation team[79]. - The company recognizes the risk of rapid technological changes in charging equipment and plans to stay ahead of industry trends through strategic planning and diversified financing[79]. Corporate Governance - The company has maintained compliance with the corporate governance requirements set by the China Securities Regulatory Commission, with no significant discrepancies reported[82]. - The company has implemented measures to ensure the independence of its operations, with no reported conflicts of interest from controlling shareholders[82]. - The company’s board of directors and supervisory board have operated in accordance with legal and regulatory requirements, ensuring the protection of investor interests[82]. - The company has established specialized committees, including the audit, nomination, remuneration and assessment, and strategic committees[95]. Social Responsibility - The company has actively engaged in social responsibility initiatives, including long-term partnerships for poverty alleviation and educational support[122]. - The company invested a total of 1.76 million yuan in poverty alleviation and rural revitalization projects, benefiting 40 individuals through direct financial aid and marketing activities[121]. - The company has donated 200,000 yuan to support impoverished students in their educational pursuits[123]. Shareholder Information - The total number of shares before the recent change was 173,394,000, with 111,592,000 shares (64.36%) being restricted shares that became tradable on April 7, 2023[168]. - The largest shareholder, Hunan Heshun Investment Development Co., Ltd., held 72,371,000 shares, representing 41.74% of the total shares[174]. - The number of ordinary shareholders decreased from 11,746 to 10,145 during the reporting period[172]. - The company reported that there were no changes in the financial indicators such as earnings per share or net asset per share due to the share changes[169].