Delian Group(002666)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was ¥4,881,908,623.12, a decrease of 5.99% compared to ¥5,192,893,100.24 in 2021[6]. - The net profit attributable to shareholders for 2022 was ¥40,958,936.12, representing a significant decline of 83.54% from ¥248,869,709.76 in 2021[6]. - The basic earnings per share for 2022 was ¥0.05, down 84.85% from ¥0.33 in 2021[6]. - Total assets at the end of 2022 increased by 12.29% to ¥5,069,955,252.59 from ¥4,514,864,057.71 at the end of 2021[6]. - The total profit for 2022 was ¥51,229,078.73, down 83.02% compared to the previous year[49]. - The net profit after deducting non-recurring gains and losses was ¥35,187,128.32, a decrease of 85.05% from the previous year[49]. - The company reported a decline in net profit in Q4 2022, primarily due to significant inventory impairment losses in the automotive sales and maintenance segment[23]. - The company faced uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profit figures over the last three accounting years[6]. Revenue and Market Trends - In 2022, China's automotive production and sales reached 27.02 million and 26.86 million units, respectively, with year-on-year growth of 3.4% and 2.1%[31]. - Global sales of new energy vehicles reached 10.82 million units in 2022, a 61.6% increase, with China's share growing to 63.6% of the global market[32]. - The domestic automotive adhesive market size exceeded 500,000 tons in 2022, driven by the growth of the automotive manufacturing industry towards "new energy, lightweight, and intelligence"[33]. - In 2022, the total number of motor vehicles in China reached 417 million, with 319 million being cars, representing a year-on-year growth of 5.81%[34]. Operational Strategy - The company has established a comprehensive supply and service platform for automotive fine chemicals, covering 56 automotive manufacturers, including luxury, joint venture, and domestic brands[36]. - The company focuses on the new energy vehicle sector, covering 26 manufacturers, and aims to upgrade its business in line with the new automotive development trends[36]. - The company employs a B2B2C model in the automotive aftermarket, enhancing service quality and brand awareness through a national service chain network[37]. - The company’s procurement strategy is based on an "order + safety stock" model, ensuring quality through a stringent supplier management system[38]. - The production model is order-based, with monthly production plans adjusted according to customer orders and safety stock levels[38]. - The company’s sales channels include OEM, OES, and AM markets, with the OEM market being the fastest-growing segment[39]. Research and Development - R&D investment totaled approximately ¥113 million, a year-on-year increase of 11.99%, leading to the development of new products including various automotive lubricants and adhesives[54]. - The company is focused on expanding its product offerings and enhancing its competitive edge through technological innovation and partnerships with international chemical giants[46]. - The company will increase R&D investment to focus on lightweight and intelligent automotive technologies, aiming for sustainable development and quality growth[61]. Corporate Governance - The company has a fully independent governance structure, with no interference from controlling shareholders in decision-making processes[123]. - The company maintains a strict internal control system to ensure orderly business operations and risk management[121]. - The company emphasizes transparency and timely information disclosure to protect the rights of all shareholders[121]. - The board of directors held multiple meetings throughout the year, with significant resolutions documented in public announcements[138]. Shareholder Relations - The company reported no cash dividends, stock bonuses, or capital reserve transfers for the year[5]. - The company has a structured remuneration decision-making process based on performance evaluation and company bylaws[135]. - The company has established a three-year dividend return plan for shareholders from 2022 to 2024[144]. - The company’s cash dividend policy complies with the requirements of the company’s articles of association and shareholder resolutions[151]. Environmental Compliance - The company has complied with environmental protection laws and standards, including obtaining the necessary pollution discharge permits[160]. - The company installed a multi-functional light-oxygen adsorption device in 2017 for VOCs treatment, achieving compliance with emissions standards[161]. - The company conducted environmental monitoring with third-party testing, including weekly and monthly checks for wastewater and monthly checks for organized waste gas[161]. Community Engagement - The company donated 1.2 million yuan to the Foshan Nanhai District Charity Association for various charitable projects, including support for the elderly, disabled, and education[174]. - The company actively participated in social welfare activities, including donations of disinfectants and protective equipment during the pandemic, receiving commendations from local authorities[173]. - The company has implemented a volunteer service model to engage employees and strengthen community ties, organizing nine distinct activities throughout the year[175].