According to the Zhitong Finance App, Ruifeng New Materials (300910.SZ) released its 2022 annual report. The company's revenue was 3,046 billion yuan, an increase of 181.77% over the previous year. Net profit attributable to shareholders of listed companies was 588 million yuan, an increase of 192.53% over the previous year. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 551 million yuan, an increase of 180.18% over the previous year. Basic earnings per share were $3.92.
During the reporting period, API SP 5W-30 gasoline engine oil modulated with RF6188, a gasoline engine oil compound product developed by the company, passed all engine bench tests. SP is the highest quality grade among the current gasoline engine oil specifications of the American Petroleum Institute and can better meet China's six (b) emission standards. During the reporting period, the company stepped up the promotion of compound drug products, increased development and access work for core customers, deployed high-quality resources, actively connected with customers, accelerated the international authoritative certification of compound products and internal evaluation and testing of compound agent products, and made a breakthrough in core customer access. Compound agent sales grew rapidly, accounting for 66.44% of compound revenue, and transformation and upgrading were very effective.
In addition, it is proposed to distribute a cash dividend of 23 yuan (tax included) for every 10 shares to all shareholders, and to transfer 9 shares to all shareholders for every 10 shares using the Capital Provident Fund.