NCIC(SZ:002246)2024-04-26 16:07Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2023, representing a year-on-year increase of 15%[11]. - The net profit attributable to shareholders was 150 million RMB, an increase of 20% compared to the previous year[11]. - The company's operating revenue for 2023 was ¥2,159,222,659, a decrease of 15.61% compared to ¥2,558,664,885 in 2022[18]. - The net profit attributable to shareholders for 2023 was ¥55,514,623.60, down 40.48% from ¥93,028,429.68 in 2022[18]. - The basic earnings per share for 2023 was ¥0.10, representing a decline of 41.18% from ¥0.17 in 2022[19]. - The net cash flow from operating activities for 2023 was ¥114,888,840.73, a significant decrease of 205.38% compared to ¥234,305,462.47 in 2022[19]. - The company achieved operating revenue of ¥2,159,222,659.05, a year-on-year decrease of 15.61%[63]. - Net profit attributable to shareholders was ¥55,514,623.63, down 40.48% year-on-year[63]. - The company reported a total operating cost of ¥1,695,451,410, down 18.30% from the previous year[86]. Dividend Policy - The company plans to distribute a cash dividend of 0.50 RMB per 10 shares, based on a total of 549,034,794 shares[2]. - The cash dividend policy aims to protect the rights of all shareholders, especially minority investors, and is based on comprehensive analysis of operational needs and shareholder preferences[172]. - The company plans to distribute profits primarily through cash dividends, with a minimum cash distribution of 10% of the distributable profit for the year[175]. - The total cash dividend amount for the year is RMB 27,451,739.70, which is 100% of the total profit distribution[182]. - The company has a policy to distribute at least 30% of the average distributable profit over three consecutive years in cash dividends[177]. Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 30% increase in market share by 2025[11]. - The company anticipates a revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion[11]. - The company is focused on expanding its market presence through direct sales and strategic partnerships with large clients[43]. - The company is working towards a diversified industrial development strategy to maximize overall benefits and resource allocation[118]. - The company aims to enhance its competitive edge through strategic investments in technology and infrastructure to support future growth[197]. Research and Development - The company has allocated 100 million RMB for research and development in new technologies for chemical production[11]. - The company has established a strong procurement system, securing about 70% of raw materials through long-term contracts to ensure supply stability[40]. - The company has developed new high-wear and corrosion-resistant materials for slurry pumps, aligning with the strategic goal of transformation and upgrading[59]. - The company is focusing on technological innovation to drive development and enhance market competitiveness[119]. - The company is developing new automated washing technology for cotton pulp, aiming to enhance safety and efficiency in the nitration process[91]. Environmental Compliance - The company is subject to several environmental protection laws, including the Air Pollution Prevention and Control Law and the Water Pollution Prevention and Control Law[192]. - The company has implemented measures to comply with the emission standards set by the relevant environmental protection authorities[192]. - The company is actively engaged in environmental compliance and monitoring to ensure adherence to national and local regulations[192]. - The company reported a total emission of 41.70 tons of volatile organic compounds, with a concentration of 41.70 mg/m³, exceeding the limit of 120 mg/m³[197]. - The company aims to enhance its competitive edge through strategic investments in technology and infrastructure to support future growth[197]. Governance and Management - The board of directors consists of 12 members, including 4 independent directors, ensuring a balanced governance structure[128]. - The company has established independent financial and auditing departments, maintaining a separate accounting system and independent bank accounts[132]. - The company emphasizes the importance of internal controls and has a dedicated audit team to oversee financial and operational integrity[131]. - The company has implemented a performance evaluation and incentive mechanism for directors and senior management, promoting transparency and accountability[130]. - The company reported zero significant defects in financial reporting and non-financial reporting during the evaluation period[189]. Employee and Talent Management - The total number of employees at the end of the reporting period was 2,966, with 746 in the parent company and 2,220 in major subsidiaries[168]. - The company has established a cash dividend policy for the next three years (2023-2025) to ensure stable returns for shareholders[172]. - The company emphasizes performance and capability assessments in its salary policy, linking employee compensation closely to company performance[169]. - The company plans to enhance training programs to improve employee skills and work performance, aligning with its strategic goals[170]. - The company introduced 63 new graduates in 2023, including 3 PhDs, further optimizing its technology talent pool[70].