HONGHUI(002802)2023-04-07 16:00Dividend and Share Distribution - The company plans to distribute a cash dividend of 6 CNY per 10 shares to all shareholders, based on a total of 140,232,300 shares[4]. - The company has a total of 3 shares to be increased for every 10 shares held from capital reserves[4]. - The company distributed a cash dividend of 4.00 RMB per 10 shares, totaling 43,148,400.00 RMB (including tax), and also issued 3.00 shares for every 10 shares held, amounting to 32,361,300 shares[153]. - The company's profit distribution policy was strictly adhered to, with a clear and transparent dividend standard and procedure[154]. - The total distributable profit as of December 31, 2022, was CNY 296,928,499.40, with a cash dividend distribution ratio of 100%[155]. - The proposed cash dividend is CNY 6 per 10 shares (including tax), with a capital reserve conversion of 3 shares for every 10 shares held[155]. Financial Performance - The company's operating revenue for 2022 was ¥516,494,286.60, a decrease of 31.07% compared to ¥749,260,783.23 in 2021[6]. - The net profit attributable to shareholders for 2022 was ¥84,550,654.57, down 1.61% from ¥85,932,280.63 in 2021[6]. - The cash flow from operating activities increased significantly by 204.55% to ¥191,561,355.51 from ¥62,900,197.60 in 2021[6]. - The basic earnings per share for 2022 was ¥0.61, a decrease of 1.61% compared to ¥0.62 in 2021[6]. - Total assets at the end of 2022 were ¥747,689,257.68, a slight increase of 0.06% from ¥747,259,752.41 at the end of 2021[6]. - The company's net assets attributable to shareholders increased by 11.23% to ¥690,257,634.42 at the end of 2022 from ¥620,553,265.84 at the end of 2021[6]. Market and Product Development - The company is focusing on the development of water-based emulsion products, which are expected to see increased application in various industries[30]. - The company has identified the special chlorinated vinyl copolymer industry as a key growth area, with potential for expanded applications in the future[30]. - The company is a leading enterprise in the special chlorinated vinyl copolymer industry, focusing on the research, production, and sales of vinyl acetate copolymer resins and emulsions[33]. - The company emphasizes continuous investment in product research and development to optimize existing formulations and develop new water-based resin products[32]. - The company is focusing on the development of new products such as water-based wood coatings and anti-corrosion paints to meet increasing environmental standards[41]. - The company aims to achieve high flame retardancy and barrier properties in its products through the synthesis of PVC emulsions, which contain a high chlorine content[71]. Research and Development - The company invested 28.49 million yuan in R&D, accounting for 5.52% of operating revenue, with 7 ongoing projects[54]. - The company holds 24 national invention patents, 12 utility model patents, and 1 design patent, with additional patent applications pending[51]. - The company has established a strong R&D capability, holding 24 national invention patents and 12 utility model patents, indicating a robust innovation pipeline[43]. - The company is enhancing its technical team's capabilities in research transformation and independent innovation through these R&D projects[71]. - The company aims to enhance its R&D capabilities and product innovation, focusing on water-based coatings and environmentally friendly chemical materials to meet market demands[98]. Environmental Compliance and Sustainability - The company has complied with all relevant environmental protection laws and regulations during its operations[176]. - The company emphasizes clean production throughout the entire process of product development, production, and sales[181]. - The company has established a wastewater treatment and reuse system, along with air pollution control systems and bag dust removal systems to ensure compliance with environmental standards[182]. - The company has implemented measures to ensure compliance with environmental standards, including the discharge standards for pollutants[176]. - The company invested a total of 6.64 million RMB in environmental governance and protection during the reporting period[184]. Governance and Management - The company maintains strict compliance with laws and regulations, ensuring transparent governance and protecting shareholder rights[112]. - The board of directors operates independently, with no non-operational fund transfers from controlling shareholders during the reporting period[113]. - The company has established effective internal controls and risk management systems to safeguard shareholder interests[112]. - The company has a dedicated investor relations management team to ensure timely and accurate information disclosure[114]. - The company has a clear asset ownership structure, with all production-related assets legally owned or used by the company[116]. Risks and Challenges - The company emphasizes the importance of risk awareness regarding raw material price fluctuations and market policy risks[4]. - The company faces risks from raw material price fluctuations, exchange rate volatility, and geopolitical instability in export markets, which may impact sales and profitability[105][106]. - The company will strengthen its accounts receivable management to mitigate risks associated with delayed collections and potential bad debts[108]. Employee and Shareholder Relations - The company has established a comprehensive training program for employees, ensuring continuous skill enhancement and meeting talent demands[151]. - The total remuneration for directors, supervisors, and senior management in 2022 amounted to CNY 6.1269 million[135]. - The company has a total of 8 employees with a master's degree or higher, and 55 employees with a bachelor's degree[149]. - The company’s management compensation structure includes a basic salary and performance-based salary, evaluated based on annual performance metrics[164]. - The company has a stable profit distribution policy to ensure reasonable returns for shareholders[186].