Taihe New Materials recently released its 2022 annual report. During the reporting period, the company achieved operating income of 3,750,126,957.02 yuan, a year-on-year decrease of 14.85%; the net profit attributable to shareholders of listed companies was 435,886,883.96 yuan, a year-on-year decrease of 54.86%.
During the reporting period, the net cash flow from operating activities was 472,161,645.63 yuan, and the net assets attributable to shareholders of listed companies were 4,058,093,585.41 yuan.
In 2022, demand in the spandex industry will be weak, product prices will drop sharply, and corporate profits will be squeezed; the production capacity of aramid products will gradually be released, production and sales will increase, and profits will increase steadily, but the growth of aramid business will not be enough to make up for the decline in spandex profits. The year-on-year performance has declined significantly. In terms of spandex, due to the impact of reduced sales and falling prices, the profit level in 2022 will drop significantly year-on-year. The company coordinates the construction of dual bases in Yantai and Ningxia, accelerates industrial upgrading, eliminates outdated production capacity, improves the efficiency of new production capacity, replans and adjusts production lines according to market demand, improves flexible production capacity, and meets the needs of different customers. According to market conditions, we will actively promote the construction of new projects with differentiated and advantageous varieties, expand the upstream and downstream industrial chains, and do a good job in the layout of Newstar spandex products by making up for shortcomings and growth boards.
According to the announcement, during the reporting period, the remuneration of directors, supervisors and senior managers totaled 11.2304 million yuan. Chairman Song Xiquan received a total pre-tax remuneration of 821,300 yuan from the company; director and president Chi Haiping received a total pre-tax remuneration of 1.9292 million yuan from the company; The total pre-tax remuneration received from the company was 517,400 yuan.
The announcement disclosed that the company’s profit distribution plan approved by the board of directors is: based on 862,934,983 shares, a cash dividend of 3 yuan (tax included) will be distributed to all shareholders for every 10 shares, and 0 bonus shares (tax included) will be distributed, and no reserve fund will be distributed. Convert to share capital.
According to the data, Taihe New Materials specializes in the R&D, production and sales of high-performance fibers such as spandex and aramid. The leading products are spandex, meta-aramid, para-aramid and their upstream and downstream products.