TIANSHAN ALUMINUM(002532)2023-07-17 16:00Financial Performance - The company's operating revenue for 2022 was ¥33,008,418,336.65, representing a 14.83% increase compared to ¥28,744,767,071.79 in 2021[13]. - The net profit attributable to shareholders for 2022 was ¥2,650,475,330.04, a decrease of 30.85% from ¥3,833,042,371.93 in 2021[13]. - The net profit after deducting non-recurring gains and losses was ¥2,538,346,977.78, down 31.29% from ¥3,694,237,735.01 in the previous year[13]. - The company's cash flow from operating activities increased by 59.52% to ¥3,157,142,077.10 in 2022, compared to ¥1,979,145,981.78 in 2021[13]. - The total assets at the end of 2022 were ¥56,715,767,322.32, reflecting a 6.05% increase from ¥53,481,873,156.43 at the end of 2021[13]. - The net assets attributable to shareholders increased by 7.39% to ¥22,837,911,843.83 at the end of 2022, compared to ¥21,266,624,992.68 at the end of 2021[13]. - The company reported quarterly revenues of ¥9,252,827,080.41, ¥7,864,199,806.21, ¥7,612,312,589.08, and ¥8,279,078,860.95 for Q1 to Q4 of 2022 respectively[16]. - The net profit attributable to shareholders for Q4 was ¥246,868,852.95, a significant decrease from earlier quarters[16]. - The company reported a total revenue of 33.008 billion yuan, an increase of 14.83% compared to the previous year[38]. - The net profit attributable to the parent company was 2.650 billion yuan, a decrease of 30.85% year-on-year[38]. Dividend Distribution - The company reported a total share capital of 4,651,885,415 shares, with a cash dividend of 2 RMB per 10 shares for all shareholders[2]. - The company plans to distribute dividends based on a total of 4,628,737,415 shares after deducting 23,148,000 shares held in the repurchase account[2]. - The cash dividends paid in 2022 amounted to 930 million yuan, a decrease from 1.86 billion yuan in 2021[57]. - The company distributed cash dividends totaling RMB 925,747,483, with a payout of RMB 2 per 10 shares to shareholders[124]. - The cash dividend distribution accounted for 100% of the total profit distribution amount, aligning with the company's mature development stage[123]. Business Transformation and Strategy - The company has undergone a major business transformation, shifting from pump and control equipment to the production and sales of electrolytic aluminum and related products[10]. - The company plans to invest $1.556 billion to establish a 2 million tons alumina production line in Indonesia, extending its aluminum industry chain[26]. - The company is constructing a battery aluminum foil production line with an annual capacity of 200,000 tons, expected to be fully operational by 2024, alongside a 300,000-ton raw material production line in Xinjiang[75]. - The company aims to establish a production capacity of 100,000 tons of high-purity aluminum, becoming a leading supplier in the global high-purity aluminum market within the next 2-3 years[74]. - The company is actively pursuing the development of the Jingxi Tiangui bauxite mine and aims to complete mining permit applications and factory construction within the year[77]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential risks faced in future developments[2]. - The company has outlined its major risks and countermeasures in the management discussion and analysis section of the report[2]. - The company faces risks related to macroeconomic fluctuations, raw material and energy price volatility, and safety production, and has implemented measures to mitigate these risks[80]. Environmental and Social Responsibility - The company is committed to enhancing safety and environmental protection measures to ensure high-quality production throughout the year[77]. - The company has implemented organized discharge methods across its facilities, with multiple emission points monitored for compliance[138]. - The company has established emergency response plans for environmental incidents, enhancing its ability to respond to various environmental risks[147]. - The company donated over 900,000 RMB to support disease prevention efforts in Shihezi City, demonstrating its commitment to social responsibility[157]. - The company has actively engaged in environmental protection and energy conservation, investing in automation and digitalization to embrace Industry 4.0[156]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the company's management, including the chairman and accounting personnel[2]. - The company emphasizes its commitment to corporate governance, adhering to relevant laws and regulations, and continuously improving its governance structure[84]. - The company maintains independence from its controlling shareholder, with no interference in decision-making or operational activities[86]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[87]. - The company has established a dedicated information disclosure management system to ensure timely communication with investors[90]. Research and Development - Research and development expenses increased by 51.28% to ¥241,936,055.95 due to increased investment in the reporting period[52]. - The company is developing energy-efficient aluminum electrolysis equipment aimed at reducing energy consumption and emissions, contributing to carbon neutrality goals[53]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing production efficiency and product quality[104]. - The number of R&D personnel increased by 37.76% to 591 in 2022, compared to 429 in 2021[55]. Production and Capacity - The company achieved an electrolytic aluminum production of 1.1581 million tons in 2022, showing a slight year-on-year increase[28]. - The alumina production reached 1.5403 million tons, representing a year-on-year growth of 69.86%[28]. - The company has a total of 600,000 tons of prebaked anode carbon production capacity to meet its electrolytic aluminum production needs[24]. - The company plans to expand high-purity aluminum production capacity from 60,000 tons to 100,000 tons in the future[32]. Financial Management - The company has maintained a good credit status, with no outstanding court judgments or significant debts due[183]. - The company has not engaged in any major related party transactions during the reporting period[184]. - The company has not provided any guarantees for subsidiaries during the reporting period[190]. - The company has a total of CNY 941,800.24 million approved guarantees for subsidiaries at the end of the reporting period[195]. Market Outlook - The aluminum industry is expected to maintain a tight supply-demand balance due to limited production capacity and increasing demand from emerging industries[21]. - The company anticipates increased industry costs due to energy shortages and dual control of energy consumption, leading to higher electricity costs for aluminum production[72]. - By 2025, global sales of new energy vehicles are expected to exceed 22 million units, requiring over 360,000 tons of aluminum, with a compound annual growth rate of 50% compared to 2021[21].