Yangzhou Chenhua(SZ:300610)2023-04-20 16:00Dividend Distribution - The company plans to distribute a cash dividend of 3.3 RMB per 10 shares to all shareholders, based on a total of 212,877,000 shares[3]. - The company has not proposed any stock dividends, indicating a focus on cash returns to shareholders[3]. - The company plans to distribute a cash dividend of 3.3 CNY per 10 shares, totaling 70,249,410 CNY, which represents 12.58% of the distributable profit[162]. - The total number of shares for the cash dividend distribution is based on 212,877,000 shares[162]. - The company distributed a cash dividend of 3.5 yuan per 10 shares, totaling 74,506,950 yuan, based on a total share capital of 212,877,000 shares[161]. Financial Performance - The company's operating revenue for 2022 was approximately ¥1.08 billion, a decrease of 9.58% compared to ¥1.19 billion in 2021[23]. - Net profit attributable to shareholders was approximately ¥119.26 million, down 22.95% from ¥154.78 million in 2021[23]. - The total operating revenue for 2022 was ¥1,078,413,896.1, a decrease of 9.58% compared to ¥1,192,606,444.0 in 2021[57]. - The company's net profit attributable to shareholders was 119.26 million yuan, down 22.95% year-on-year[49]. - The company's operating profit for 2022 was 134.80 million yuan, reflecting a decline of 23.11% year-on-year[49]. - The company reported a revenue of 1.2 billion RMB for the fiscal year 2022, representing a year-over-year increase of 15%[122]. - The company reported a total revenue of 1.5 billion RMB for the year 2022, representing a year-on-year growth of 15%[198]. Risk Management - The report emphasizes the importance of risk awareness regarding forward-looking statements related to development strategies and operational plans[3]. - The company has detailed potential risks and countermeasures in the section "Management Discussion and Analysis" of the report[3]. - The company is addressing environmental protection and safety risks associated with its production processes and hazardous materials transportation[120]. Governance and Compliance - The financial report has been confirmed as true, accurate, and complete by the company's management team[3]. - All directors attended the board meeting that reviewed this report, ensuring comprehensive oversight[3]. - The report outlines the company's governance structure and compliance with regulatory requirements[18]. - The company maintains a strict separation from its controlling shareholder, ensuring independent operations in business, assets, and finances[128]. - The company has established a comprehensive information disclosure system, with the chairman as the primary responsible person for disclosures[132]. - The company has implemented a robust internal management and control system to enhance governance levels[126]. - The company has not encountered any significant internal control deficiencies during the reporting period[168]. Research and Development - Research and development investment for 2022 was 42.60 million yuan, with a total of 56 patents held, including 33 invention patents[50][47]. - The company is in the trial production phase for several R&D projects, including high-strength flame-retardant polyurethane and flame-retardant agent energy-saving technology[71]. - The company aims to enhance product quality and market competitiveness through ongoing R&D efforts[71]. - The company is committed to increasing R&D investment in high-value-added products to maintain its competitive edge in the industry[115]. - The company is enhancing its talent pool to support its rapid development and international expansion[115]. Market Expansion - The company plans to focus on new product development and market expansion strategies in the upcoming year[32]. - The company is focusing on international market expansion and aims to strengthen cooperation with large multinational corporations[114]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share within the next two years[200]. - Market expansion plans include entering two new international markets by the end of 2023, targeting a 5% market share in each[122]. Environmental Compliance - The company has obtained an environmental permit valid from March 24, 2020, to March 23, 2023, from the Yangzhou Ecological Environment Bureau[174]. - The company strictly adheres to various environmental protection laws and standards, ensuring compliance in its production operations[173]. - The company has implemented comprehensive waste treatment facilities to minimize negative environmental impacts during production[174]. - The company has established a comprehensive environmental management system to enhance operational efficiency and compliance[180]. - The company has not faced any administrative penalties for environmental issues during the reporting period[187]. Employee Management - The company has implemented a comprehensive salary system to provide competitive compensation and various benefits, including housing, health check-ups, and scholarships for employees' children[158]. - The company has established training programs aimed at enhancing employee skills and promoting career advancement[159]. - The company emphasizes employee recognition and belonging through various development and training opportunities[160]. - The total number of employees at the end of the reporting period was 821, with 534 in production, 48 in sales, 124 in technology, 31 in finance, and 84 in administration[157]. Strategic Partnerships and Acquisitions - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 300 million RMB allocated for this purpose[123]. - A strategic partnership with a leading technology firm is expected to accelerate innovation and product development[122]. - The company plans to reserve 2-3 potential acquisition targets annually to enhance its external growth strategy[115]. Future Outlook - The company provided a performance guidance for 2023, expecting a revenue growth of 10% to 12%[123]. - The company aims to achieve a net profit margin of 12% in 2023, up from 10% in 2022, through efficiency improvements and cost control measures[198]. - Future guidance indicates a commitment to maintaining compliance with environmental regulations while pursuing growth opportunities[176].