On March 25, Yuntianhua (600096) recently released its 2023 annual report. During the reporting period, the company achieved operating income of 69,060,212,634.49 yuan, a year-on-year decrease of 8.30%; net profit attributable to shareholders of listed companies was 4,522,198,165.85 yuan, a year-on-year decrease of 24.90%.
During the reporting period, the net cash flow from operating activities was 9,437,165,845.79 yuan, and the net assets attributable to shareholders of the listed company were 18,742,471,289.44 yuan.
In 2023, the company's major products such as chemical fertilizer, polyoxymethylene, feed calcium, and yellow phosphorus will achieve stable profits. Affected by the year-on-year decline in market prices, the company's profitability will decline year-on-year. During the reporting period, the company achieved operating income of 69.060 billion yuan, and net profit attributable to shareholders of listed companies was 4.522 billion yuan, a year-on-year decrease of 24.90%.
The announcement disclosure shows that the profit distribution plan or the plan for converting provident fund into share capital approved by the resolution of the board of directors for the reporting period: After audit by ShineWing Certified Public Accountants (Special General Partnership), the company achieved a consolidated net profit of 5,493,344,954.89 yuan in 2023, of which: net profit attributable to owners of the parent company is 4,522,198,165.85 yuan. The parent company's undistributed profit at the end of 2022 was 2,164,535,255.66 yuan, and the net profit in 2023 was 2,708,095,093.28 yuan. After accruing the statutory surplus reserve of 270,809,509.33 yuan at 10%, the cumulative undistributed profit was 4,601,820,839.61 yuan, minus the 2023 dividend reduction in undistributed profit of 1,834,328,747.00 yuan. The cumulative profit available for distribution to shareholders at the end of 2023 was 2,767,492,092.61 yuan.
The company plans to distribute a cash dividend of 10 yuan (including tax) for every 10 shares to all shareholders. As of December 31, 2023, the company's total share capital is 1,834,328,747 shares, and the share capital of 1,822,990,731 shares after deducting 1,338,016 shares in the company's repurchase account is used as the base. This is used to calculate the proposed cash dividend of 1,822,990,731 yuan (including tax), accounting for 40.31% of the net profit attributable to shareholders of the listed company in 2023. This time, the company will not give bonus shares, nor will it use capital reserve to convert capital reserve into share capital.
Yuntianhua relies on its advantages in phosphate rock resources and technology research and development to carry out the production and operation of the entire industry chain of phosphorus chemical industry; relies on the advantages of existing synthetic ammonia and coal resources to carry out nitrogen fertilizer production and sales; combines phosphate fertilizer and nitrogen fertilizer production to carry out compound fertilizer production and sales; Relying on leading production technology and quality control advantages, we carry out the production and sales of polyoxymethylene; at the same time, we carry out commercial logistics business such as agricultural products. Source: China Chemical News