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昇能集团(02459) - 2022 - 年度财报
02459SANERGY GROUP(02459)2023-04-25 14:03

Company Overview - The company ranks seventh globally in ultra-high power graphite electrode manufacturing with a market share of approximately 1.4% as of 2021[5]. - In China, the company ranks fourth among ultra-high power graphite electrode manufacturers with a market share of about 7.1%[5]. - The production capacity in Italy and China is 16,500 tons and 14,000 tons respectively, allowing the company to flexibly meet global customer demand[5]. - The company is committed to providing high-quality ultra-high power graphite electrodes as a key industrial material for electric arc furnace steel manufacturers[5]. - The company has a regional sales team focused on the Americas, EMEA, Asia-Pacific, and China markets to support various customer needs[5]. - The company has established a strong sales and distribution network to ensure product availability for customers[5]. Environmental Commitment - The transition from blast furnace steelmaking to electric arc furnace steelmaking is driven by global carbon neutrality goals, with electric arc furnaces being more environmentally friendly[5]. - The company aims to reduce emissions and waste while striving for cleaner production processes[5]. - The company is actively working on new strategies to contribute to a long-term green sustainable economy[5]. - The company emphasizes compliance with environmental regulations and aims to align its policies with local and international standards[46]. Financial Performance - The company recorded revenue of approximately 115.5millionforthefiscalyear2022,representingagrowthofabout6.3115.5 million for the fiscal year 2022, representing a growth of about 6.3% compared to the previous year[9]. - The average selling price of graphite electrodes increased by 21.6% from approximately 3,928 per ton in fiscal year 2021 to approximately 4,777pertoninfiscalyear2022[13].−Grossprofitforthefiscalyear2022was4,777 per ton in fiscal year 2022[13]. - Gross profit for the fiscal year 2022 was 26.0 million, up 14.0% from 22.8millioninthepreviousyear,withagrossmarginof22.522.8 million in the previous year, with a gross margin of 22.5%[12]. - Net profit attributable to shareholders was 7.5 million, a significant increase of 70.8% from 4.4millioninthepreviousyear,resultinginanetprofitmarginof6.54.4 million in the previous year, resulting in a net profit margin of 6.5%[12]. - The total sales volume of graphite electrodes decreased from approximately 27,669 tons in fiscal year 2021 to approximately 24,184 tons in fiscal year 2022, primarily due to reduced sales in the Americas[13]. - The company reported a total equity of 132,917,000 in 2022, slightly down from 134,989,000in2021[141].StrategicInitiatives−Thecompanyisexploringopportunitiesinthelithiumbatteryanodemarket,indicatingastrategicmovetowardsdiversificationandgrowth[10].−ThecompanyisintheprocessofacquiringTaiguassetstofurtherenhanceitsproductioncapacityinsupportofitsexpansionplans[9].−Thecompanyplanstoexploretheproductionofgraphiteanodematerialsoutsideofitsgraphiteelectrodebusiness,drivenbytherapidgrowthofthegloballithium−ionbatteryindustry[16].−Thecompanyanticipatesleveragingdiversefinancingoptionspost−listingtofacilitatebusinessgrowthandexpanditscustomerbase[10].CorporateGovernance−Thecompanyislistedonthestockexchangewiththestockcode2459[4].−Theboardincludesmemberswithdiversebackgroundsinfinance,management,andindustry−specificexpertise,whichstrengthensthecompany′sgovernance[33][34][35][36][37].−Thecompanyiscommittedtoprovidingindependentopinionstotheboardthroughitsindependentnon−executivedirectors,ensuringtransparencyandaccountability[34][35][36][37].−Therecentappointmentsofindependentdirectorsreflectthecompany′sstrategytoenhanceitscorporategovernanceandalignwithbestpracticesintheindustry[34][35][36][37].−Thecompanyemphasizeshighstandardsofcorporategovernancetoprotectshareholderinterestsandenhancecorporatevalue[86].RiskManagement−Thecompanyhasestablishedapolicyforinsiderinformationdisclosure,ensuringcompliancewithrelevantlawsandregulations[119].−Thecompanyhascommittedtomaintainingeffectiveriskmanagementandinternalcontrolsystemstoprotectshareholderinvestments[118].−Theinternalauditteamhasevaluatedtheeffectivenessoftheinternalcontrolsystemforthefiscalyear2022,concludingthatthesystemisadequateandeffective[118].−ThecompanyconductedacomprehensiveriskassessmentinDecember2022,identifyingmultiplekeyrisksthatcouldimpactstrategicobjectives[116].HumanResources−Thegroupemployedapproximately210staffmembersasofDecember31,2022,withtotalemployeecosts(includingdirectorremuneration)amountingtoabout134,989,000 in 2021[141]. Strategic Initiatives - The company is exploring opportunities in the lithium battery anode market, indicating a strategic move towards diversification and growth[10]. - The company is in the process of acquiring Taigu assets to further enhance its production capacity in support of its expansion plans[9]. - The company plans to explore the production of graphite anode materials outside of its graphite electrode business, driven by the rapid growth of the global lithium-ion battery industry[16]. - The company anticipates leveraging diverse financing options post-listing to facilitate business growth and expand its customer base[10]. Corporate Governance - The company is listed on the stock exchange with the stock code 2459[4]. - The board includes members with diverse backgrounds in finance, management, and industry-specific expertise, which strengthens the company's governance[33][34][35][36][37]. - The company is committed to providing independent opinions to the board through its independent non-executive directors, ensuring transparency and accountability[34][35][36][37]. - The recent appointments of independent directors reflect the company's strategy to enhance its corporate governance and align with best practices in the industry[34][35][36][37]. - The company emphasizes high standards of corporate governance to protect shareholder interests and enhance corporate value[86]. Risk Management - The company has established a policy for insider information disclosure, ensuring compliance with relevant laws and regulations[119]. - The company has committed to maintaining effective risk management and internal control systems to protect shareholder investments[118]. - The internal audit team has evaluated the effectiveness of the internal control system for the fiscal year 2022, concluding that the system is adequate and effective[118]. - The company conducted a comprehensive risk assessment in December 2022, identifying multiple key risks that could impact strategic objectives[116]. Human Resources - The group employed approximately 210 staff members as of December 31, 2022, with total employee costs (including director remuneration) amounting to about 9.6 million, a decrease from 10.3 million in 2021[79]. - The gender ratio of the company's employees as of December 31, 2022, is approximately 77:23 (male: female)[106]. - The company has established a defined contribution retirement benefit plan for eligible employees, with contributions based on a percentage of basic salary[190]. Shareholder Engagement - The company emphasizes shareholder privacy and has multiple communication channels for shareholder engagement, including an annual general meeting[122]. - The company plans to hold its annual general meeting on May 16, 2023, with share transfer procedures suspended from May 10 to May 19, 2023[78]. Audit and Compliance - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2022[128]. - The total fees paid/ payable to Ernst & Young for the fiscal year 2022 are 340,000 for audit services and 315,000fornon−auditservices,totaling315,000 for non-audit services, totaling 655,000[108]. - The audit report was issued by Ernst & Young, with the audit engagement partner being Zhou Xuefeng[136]. Financial Reporting Standards - The group adopted revised Hong Kong Financial Reporting Standards for the fiscal year, including HKFRS 3, HKAS 16, and HKAS 37, with no significant impact on financial performance due to the absence of business combinations during the year[150]. - The financial statements are presented in Hong Kong dollars, with the US dollar being the functional currency of the company[194]. - The group continues to monitor and evaluate its accounting policies to ensure compliance with the latest financial reporting standards[152].