Financial Performance - The company's operating revenue for 2023 was ¥428,388,426.10, a decrease of 20.96% compared to ¥541,984,420.48 in 2022[18]. - The net profit attributable to shareholders for 2023 was ¥33,829,831.37, down 47.27% from ¥64,154,917.71 in 2022[18]. - The basic earnings per share for 2023 was ¥0.4229, reflecting a decline of 56.05% from ¥0.9623 in 2022[18]. - The total assets at the end of 2023 amounted to ¥810,539,193.07, representing a 3.38% increase from ¥784,022,630.65 at the end of 2022[18]. - The net assets attributable to shareholders at the end of 2023 were ¥687,924,786.39, an increase of 2.96% from ¥668,170,163.62 at the end of 2022[18]. - The cash flow from operating activities for 2023 was ¥69,684,762.23, a slight decrease of 1.93% compared to ¥71,056,614.54 in 2022[18]. - The company reported a total of ¥2,185,185.98 in non-recurring gains and losses for 2023, significantly lower than ¥11,443,975.75 in 2022[24]. - The company achieved operating revenue of CNY 428.39 million, a decrease of 20.96% year-on-year, and a net profit attributable to shareholders of CNY 33.83 million, down 47.27% year-on-year[61]. - The chemical segment contributed CNY 427.47 million, accounting for 99.79% of total revenue, with a year-on-year decline of 21.12%[63]. - The pigment product line generated CNY 408.29 million, representing 95.31% of total revenue, with a decrease of 21.22% compared to the previous year[63]. Dividend Distribution - The company plans to distribute a cash dividend of 1.20 RMB per 10 shares to all shareholders, based on a total of 80,000,000 shares[3]. - The total distributable profit for the year is RMB 150,593,523.96, indicating a strong profitability position[172]. - The company has not issued any bonus shares or capital reserve transfers during this distribution[172]. Corporate Governance - The company has established a comprehensive governance structure, including a shareholders' meeting, board of directors, and supervisory board, ensuring effective management and oversight[175]. - The board of directors convened 5 meetings, with full attendance from all directors, ensuring compliance with governance regulations[117]. - The supervisory board held 6 meetings, with all supervisors present, adhering to the company's governance structure[118]. - The audit committee conducted 6 meetings during the reporting period, maintaining regular oversight of financial practices[122]. - The company has a dedicated human resources department, ensuring independent management of employee affairs[129]. - The company maintains a separate financial accounting department, allowing for independent financial decision-making[130]. - The company has implemented a "Quality Return Double Improvement" action plan, although details on its execution were not disclosed[113]. - The company is committed to maintaining compliance with corporate governance standards and enhancing its operational efficiency[151]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, indicating potential risks in its operations[3]. - The company has identified risks related to environmental compliance, safety production, and reliance on DIC Corporation, which significantly impacts its revenue and cash flow[105][107][109]. - The company is facing intensified competition in the organic pigment industry, with supply exceeding demand, necessitating continuous innovation in technology and management[110]. Research and Development - The R&D team consists of over 60 members, holding 11 invention patents and 14 utility model patents, with a focus on developing high-performance and environmentally friendly products[55]. - The company has developed over 200 customized pigment products and holds 11 invention patents and 14 utility model patents, enhancing its R&D capabilities[98]. - The company completed several R&D projects aimed at developing environmentally friendly organic pigments for various applications, enhancing product competitiveness[72]. - The company plans to enhance its R&D efforts to develop more high-performance eco-friendly pigment products, with a focus on azo organic pigments for the ink industry[100]. Environmental Compliance - The company has complied with environmental regulations and holds a valid pollutant discharge permit issued by the local environmental authority[192]. - The company has managed hazardous waste disposal through contracts with qualified disposal units, ensuring compliance with relevant regulations[193]. - The company has implemented measures to manage pollutant emissions effectively, adhering to industry standards[192]. - The company has invested a total of 4.55 million yuan in environmental protection during the reporting period, covering water treatment materials, hazardous waste disposal, and the construction of environmental facilities[199]. - The company has established a wastewater treatment station that meets discharge standards, utilizing caustic soda to adjust pH and liquid oxygen to reduce color[195]. Market Position and Strategy - The company operates in the organic pigment industry, which has seen expanding applications in various sectors, including automotive and construction[28]. - The company is positioned as a major player in the organic pigment industry, benefiting from China's status as a leading production and consumption market for fine chemicals[48]. - The company plans to leverage e-commerce and international exhibitions to expand its overseas market presence, including new markets in South America and ASEAN[103]. - The company aims to achieve full automation in production processes, with the first phase already completed for liquid raw material handling and reaction conditions[102]. Employee Management - The total number of employees at the end of the reporting period is 378, with 266 in production, 10 in sales, 66 in technical roles, 7 in finance, and 29 in administration[167]. - The company provides competitive salaries and benefits, including pension, medical, work injury, unemployment insurance, and housing fund contributions[169]. - The company emphasizes employee training and development, implementing an annual training plan that includes both internal and external training methods[170]. Management Changes - The company experienced a change in management, with Li Xiumei resigning as General Manager on August 17, 2023, while remaining as Chairwoman[138]. - Ma Chengzhi was appointed as the new General Manager on August 17, 2023, following the resignation of Li Xiumei[138]. - The company’s supervisory board elected Liu Desheng as the new Chairman of the Supervisory Board on June 28, 2023[137]. Financial Management - The company has not reported any penalties from regulatory authorities for its directors, supervisors, or senior management in the past three years[150]. - The company has established a remuneration decision-making process that aligns with its articles of association and relevant regulations[151]. - The total pre-tax remuneration for the board of directors, supervisors, and senior management amounted to 307.02 million CNY[156].
联合化学(301209) - 2023 Q4 - 年度财报