恒逸石化2023 Annual Report.pdf
2023AnnualReportofHengyiPetrochemicalCo.,Ltd.2023AnnualReportofHengyiPetrochemicalCo.,Ltd.2023AnnualReportofHengyiPetrochemicalCo.,Ltd.2023AnnualReportofHengyiPetrochemicalCo.,Ltd.4SectionIImportantnotes,ContentsandDefinitionsTheBoardofDirectors,theSupervisoryCommitteeandtheDirectors,SupervisorsandseniormanagementoftheCompanywarrantthatthecontentsoftheannualreportaretrue,accurateandcomplete,andthattherearenofalserecords,misleadingstatementsormaterialomissions,andthattheyshallbearindividualandjointlegalliabilities.QiuYibo,legalrepresentative,ZhengXingang,personinchargeofaccountingactivities,andYuZhicheng,theheadoftheaccountingagency(accountincharge),declaredthatensuretheannualfinancialstatementreportistrue,accurateandcomplete.TheannualfinancialstatementreporthasbeenauditedbyZhongxinghuaCertifiedPublicAccountantsLLP,whichhasissuedastandardunqualifiedauditreport.ThereporthasbeenconsideredandapprovedattheEighthMeetingoftheTwelfthSessionoftheBoardofDirectorsoftheCompany.AlldirectorshaveattendedtheBoardmeetingatwhichthisreportwasconsidered.Thisreportinvolvesfutureplans,developmentstrategies,industrydiscussionandoutlook,etc.coveredinthisreportdonotconstitutesubstantialcommitmentsbythecompanytoinvestors,andinvestorsareadvisedtopayattentiontheinvestmentrisks.Investorsareadvisedtoreferto"XI:ProspectsfortheFutureDevelopmentoftheCompanyIV:RisksandCountermeasuresFacedbytheCompany"under“SectionIII”:ManagementDiscussionandAnalysis"fortherisksthatmayexistintheoperationanddevelopmentoftheCompany.2023AnnualReportofHengyiPetrochemicalCo.,Ltd.5TheCompanyisrequiredtocomplywiththedisclosurerequirementsinrespectofthechemicalindustryassetoutinthe"No.3Self-RegulatoryGuidelinesforListedCompaniesoftheShenzhenStockExchange-DisclosureofIndustryInformation".TheCompany"sprofitdistributionplanreviewedandapprovedbytheBoard:onthebasisofthesharecapitalentitledtoprofitdistributionregisteredonthedateofregistrationofshareholdingsfortheimplementationoftheequitydistribution,acashdividendofRMB1.0(taxincluded)per10shareswillbedistributedtoallshareholders.Therewillbenoequitydividend(taxincluded)orconversionofequityreserveintosharecapitaloftheCompany.ThisannualreportispreparedinChineseandEnglishrespectively.Incaseofanydiscrepancybetweenthetwoversions,theChineseversionshallprevail.2023AnnualReportofHengyiPetrochemicalCo.,Ltd.6ContentsSectionIImportantnotes,ContentsandDefinitions.4SectionIICompanyProfileandKeyFinancialIndicators.....11SectionIIIManagementDiscussionandAnalysis18SectionIVCorporateGovernance.....129SectionVEnvironmentalandSocialResponsibilities...191SectionVIImportantMatters.212SectionVIIChangesinSharesandShareholders.242SectionVIIIPreferredShares...259SectionIXBonds.260SectionXFinancialReport.2732023AnnualReportofHengyiPetrochemicalCo.,Ltd.7ListofDocumentsforReference1.Accountingstatementssignedandstampedbythelegalrepresentative,personinchargeofaccountingactivitiesandtheheadoftheaccountingagency;2.Theoriginalauditreportstampedbytheaccountingfirmandsignedandstampedbythecertifie
