TSPC(000554)2024-04-24 13:31Financial Performance - The company's operating revenue for 2023 reached ¥3,641,277,758, an increase of 18.61% compared to ¥3,069,893,740 in 2022[20]. - Net profit attributable to shareholders was ¥34,886,564.34, representing a significant increase of 199.72% from ¥9,372,873.39 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥40,179,566.50, up 113.82% from ¥16,524,791.90 in 2022[20]. - Basic earnings per share rose to ¥0.07, a 250.00% increase from ¥0.0195 in the previous year[20]. - The company achieved total sales of 419,000 tons of refined oil in 2023, generating total revenue of 3.641 billion yuan and a total profit of 55.8457 million yuan[32]. - The net profit for 2023 was CNY 55.85 million, with a net cash flow from operating activities of CNY 53.87 million, a decrease of 80.33% from CNY 273.85 million in 2022[37][48]. - The company's gross profit margin for the merchandise circulation industry was 10.55%, with a slight increase of 0.86% compared to the previous year[41]. - The company reported a significant increase in sales expenses, which rose to ¥224,860,765.58 in 2023 from ¥178,533,977.22 in 2022, an increase of 25.9%[188]. Cash Flow and Investments - The net cash flow from operating activities decreased by 80.33% to ¥53,866,812.31 from ¥273,852,376.00 in 2022[20]. - The total cash flow from investment activities was CNY -41.19 million, indicating a significant investment outflow[37][48]. - The net cash flow from operating activities improved significantly, with a positive cash flow of 189,126,521.55 yuan in the fourth quarter of 2023[25]. - The total cash inflow from operating activities was ¥4,193,554,042.71, up from ¥3,537,350,449.04 in 2022[195]. - Cash flow from investing activities resulted in a net outflow of ¥41,188,795.83 in 2023, compared to a net outflow of ¥37,203,755.54 in 2022[195]. - The company reported a total cash and cash equivalents balance of ¥106,787,670.94 at the end of 2023, down from ¥143,276,359.11 at the end of 2022[195]. Market Presence and Expansion - The company continues to focus on expanding its market presence and enhancing its product offerings[4]. - The company opened 8 new gas stations during the reporting period, enhancing its market presence[35]. - The company maintained a market share of 33% in the refined oil market in Tai'an City, demonstrating strong competitive positioning[33]. - The company plans to continue expanding its market presence and has proposed a 2023 investment plan[85]. Governance and Compliance - The company maintains a complete and independent governance structure, ensuring no significant discrepancies with regulatory requirements[68]. - The company has established independent operations in business, personnel, assets, institutions, and finance, ensuring complete separation from the controlling shareholder[70]. - The company is committed to improving its governance mechanisms and internal control systems for sustainable development[68]. - The board of directors consists of 9 members, including 5 external directors, 3 of whom are independent, meeting regulatory requirements[66]. - The company held 8 board meetings during the reporting period, reviewing 30 proposals, ensuring compliance with legal procedures[66]. Employee and Training Initiatives - The total number of employees at the end of the reporting period was 1,125, including 1,027 at the parent company and 98 at major subsidiaries[93]. - The employee composition includes 874 sales personnel, 170 technical staff, 25 financial staff, and 56 administrative staff[93]. - The company is committed to continuous improvement in employee training and development to meet the evolving needs of the business[96]. - The training plan focuses on enhancing the overall quality of the workforce and includes political education, skills competitions, and practical training[96]. Risk Management and Internal Controls - The company has established a comprehensive internal control system, ensuring compliance and risk management[102]. - The internal control evaluation report will be disclosed on April 25, 2024[104]. - The company’s risk management practices were continuously optimized to enhance control quality and efficiency[102]. - The internal control audit report indicates that the company maintained effective financial reporting internal controls as of December 31, 2023[106]. Shareholder Information - The company had a total of 38,171 shareholders at the end of the reporting period, with a slight decrease from the previous month[146]. - The largest shareholder, China Petroleum & Chemical Corporation, holds 24.57% of the shares, totaling 118,140,100 shares[147]. - The company reported no changes in the top 10 shareholders during the reporting period, with no repurchase transactions conducted[149]. - The controlling shareholder is a central state-owned enterprise, indicating strong government backing[150]. Environmental and Social Responsibility - The company is committed to achieving carbon reduction goals and is working towards a clean, low-carbon, safe, and efficient energy system[108]. - The company actively participates in social responsibility initiatives, including disaster relief and charitable donations[109].