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中国玻璃(03300) - 2021 - 年度财报
2022-04-27 08:30
Financial Performance - The total revenue for China Glass Holdings Limited for the year ended December 31, 2021, was RMB 5,065,048,000, representing a 60.5% increase from RMB 3,158,567,000 in 2020[12]. - Gross profit for the same period was RMB 1,733,703,000, up from RMB 738,724,000 in 2020, indicating a significant improvement in profitability[12]. - The operating profit increased to RMB 1,302,052,000 in 2021, compared to RMB 269,554,000 in 2020, reflecting a growth of 383.5%[12]. - Net profit for the year was RMB 801,947,000, a turnaround from a net loss of RMB 98,478,000 in 2020[12]. - The company's revenue increased from RMB 3.159 billion for the year ended December 31, 2020, to RMB 5.065 billion for the year ended December 31, 2021, representing a growth of approximately 60%[44]. - The company's gross profit rose from RMB 739 million for the year ended December 31, 2020, to RMB 1.734 billion for the year ended December 31, 2021, with the gross profit margin increasing from 23% to 34%[47]. - The group's profit for the year ended December 31, 2021, turned from a loss of approximately RMB 98.48 million in 2020 to a profit of approximately RMB 802 million, driven by strong performance in the glass market, increased average selling prices, sales volume, and gross margins[53]. Assets and Liabilities - Total assets as of December 31, 2021, reached RMB 10,380,534,000, an increase from RMB 7,201,243,000 in 2020[12]. - Total liabilities rose to RMB 7,002,511,000 in 2021, compared to RMB 5,033,247,000 in 2020, indicating increased leverage[12]. - The net asset value increased to RMB 3,378,023,000 in 2021, up from RMB 2,167,996,000 in 2020, showing a strong growth in equity[12]. - Current assets increased from RMB 2.151 billion as of December 31, 2020, to RMB 2.478 billion as of December 31, 2021, representing a growth of approximately 15%[56]. - Current liabilities rose from RMB 3.753 billion as of December 31, 2020, to RMB 5.766 billion as of December 31, 2021, an increase of approximately 54%[57]. - The debt-to-equity ratio as of December 31, 2021, was 0.48, slightly down from 0.49 as of December 31, 2020[60]. Market and Production - The company produced 40.93 million weight cases of various glass types in 2021, an increase of 15% compared to the previous year, with sales volume reaching 39.4 million weight cases, up 8% year-on-year[22]. - The average selling price of glass products in 2021 was 123 RMB per weight case, representing a 49% increase from the previous year[22]. - Revenue from colorless glass products reached RMB 2.688 billion, an increase of 97% compared to the previous year; revenue from colored glass products was RMB 640 million, up 44%; revenue from coated glass products was RMB 1.048 billion, up 29%; and revenue from energy-saving and new energy glass products was RMB 472 million, up 17%[44]. - The company has 14 float glass production lines with a daily melting capacity of 7,400 tons, with 13 lines operational as of December 31, 2021[21]. Strategic Plans and Investments - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[11]. - The company plans to accelerate expansion into new glass, new energy, new materials, and deep processing sectors in 2022[18]. - The company aims to enhance product quality and optimize cost structure as part of its growth strategy[27]. - The company plans to focus on expanding into new glass, new materials, and new energy sectors while enhancing upstream and downstream industry chains[40]. - The company aims to implement a long-term development strategy combining organic growth, mergers and acquisitions, and international expansion[40]. - The company is considering strategic acquisitions to enhance its market position, targeting a potential acquisition valued at $100 million[142]. Employee and Management - The number of employees increased to approximately 3,822 as of December 31, 2021, compared to approximately 3,391 as of December 31, 2020, reflecting growth from acquisitions and business expansion[68]. - The company emphasizes the importance of employee relations and has implemented a competitive compensation mechanism to enhance employee motivation[198]. - The management team has extensive experience, with over 30 years in the glass industry, ensuring strong leadership[143]. Related Party Transactions and Agreements - The group acquired a 55% stake in Fujian Longtai Industrial Co., Ltd. for a total consideration of RMB 444.18 million, which was approved by shareholders on July 16, 2021[65]. - The group completed the acquisition of all shares of Huangyu Development Co., Ltd. for a consideration of USD 66.42 million (approximately HKD 516.75 million) on December 28, 2021[66]. - The company has established a related party transaction with the signing of the Suqian Engineering Contract and the Olivotto supply contracts[166][172]. - The independent non-executive directors confirmed that the related party transactions in 2021 were conducted in the ordinary course of business and on normal commercial terms[186]. Dividends and Shareholding - The board recommends a final dividend of HKD 0.05 per share for the fiscal year ending December 31, 2021, to be distributed on July 20, 2022, pending approval at the annual general meeting[77]. - As of December 31, 2021, the total number of issued shares was 1,830,288,258[95]. - The company has arranged appropriate directors and officers liability insurance for legal actions against its directors[93]. - The company maintained a public float of at least 25% of its issued share capital as required by the listing rules[192]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[142]. - The company anticipates that the glass industry will maintain a tight supply-demand balance in 2022, with potential growth in prices despite various market uncertainties[35].
中国玻璃(03300) - 2021 - 中期财报
2021-09-23 08:31
CNG中玻 CHINA GLASS HOLDINGS LIMITED 中 國 玻 璃 控 股 有 限 公 司 * (於百慕達註冊成立之有限公司) (股份代號:3300) *僅供搬別 目錄 目錄 公司資料 2-3 管理層討論及分析 4-10 其他資料 11-21 致中國玻璃控股有限公司董事會審閱報告 22 綜合損益表 23 綜合損益及其他全面收益表 24 綜合財務狀況表 25-26 綜合權益變動表 27-28 簡明綜合現金流量表 29 未經審核中期財務報告附註 30-56 1 中國玻璃控股有限公司 2021年中期報告 公司資料 公司資料 | --- | --- | |-----------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------| | | | | 董事會 | 高級管理層 | | 執行董事 | 李平先生 | | 呂國先生 ...
中国玻璃(03300) - 2020 - 年度财报
2021-04-26 08:30
(於百慕逵註冊成立之有限公司) (股份代號:3300) ĈNGΦ玻 CHINA GLASS HOLDINGS LIMITED 中 國 玻 璃 控 股 有 限 公 司 * *僅供歲別 目錄 | --- | --- | |--------------------------|-------| | 目錄 | | | 公司資料 | 2-3 | | 財務摘要 | 4 | | 主席報告書 | 5 | | 管理層討論與分析 | 6-13 | | 董事會報告 | 14-38 | | 環境、社會及管治報告 | 39-54 | | 企業管治報告 | 55-72 | | 獨立核數師報告 | 73-80 | | 綜合損益表 | 81 | | 綜合損益及其他全面收益表 | 82 | | 綜合財務狀況表 | 83-84 | | 綜合權益變動表 | 85-86 | | 綜合現金流量表 | 87-88 | | | | 綜合財務報表附註 89-182 1 中國玻璃控股有限公司 二零二零年年報 公司資料 公司資料 | --- | --- | |--------------------------------------------------- ...
中国玻璃(03300) - 2020 - 中期财报
2020-09-28 08:42
CHINA GLASS HOLDINGS LIMITED 中國玻璃控股有限公 司 (於百慕達註冊成立之有限公司) (股份代號:3300) 中期報告 2020 *僅供識別 目錄 目錄 | --- | --- | |--------------------------------------|-------| | | | | 公司資料 | 2-3 | | 管理層討論及分析 | 4-9 | | 其他資料 | 10-20 | | 致中國玻璃控股有限公司董事會審閱報告 | 21 | | 綜合損益表 | 22 | | 綜合損益及其他全面收益表 | 23 | | 綜合財務狀況表 | 24-25 | | 綜合權益變動表 | 26-27 | | 簡明綜合現金流量表 | 28 | | 未經審核中期財務報告附註 | 29-54 | 中國玻璃控股有限公司 2020年中期報告 1 公司資料 公司資料 董事會 執行董事 崔向東先生 非執行董事 彭壽先生(主席) 周誠先生(名譽主席) 趙令歡先生 張勁舒先生 獨立非執行董事 | --- | --- | --- | |-------|------------|-------| | | | | ...
中国玻璃(03300) - 2019 - 年度财报
2020-04-27 08:32
CNG中玻 CHINA GLASS HOLDINGS LIMITED 中 國 玻 璃 控 股 有 限 公 司j (於百慕達註冊成立之有限公司) 股份代號:3300 "懂供藏別 目錄 目錄 | --- | --- | --- | |-------|--------------------------|--------| | | | | | | | | | | 公司資料 | 2-3 | | | 財務摘要 | 4 | | | 主席報告書 | 5 | | | 管理層討論與分析 | 6-12 | | | 董事會報告 | 13-35 | | | 環境、社會及管治報告 | 36-48 | | | 企業管治報告 | 49-66 | | | 獨立核數師報告 | 67-74 | | | 綜合損益表 | 75 | | | 綜合損益及其他全面收益表 | 76 | | | 綜合財務狀況表 | 77-78 | | | 綜合權益變動表 | 79-80 | | | 綜合現金流量表 | 81-82 | | | 綜合財務報表附註 | 83-182 | 1 中國玻璃控股有限公司 二零一九年年報 公司資料 公司資料 董事會 執行董事 崔向東先生(行 ...
中国玻璃(03300) - 2019 - 中期财报
2019-09-19 08:35
ĈNG中玻 CHINA GLASS HOLDINGS LIMITED 中 國 玻 璃 控 股 有 限 公 司〔 (於百慕達註冊成立之有限公司) 股份代號:3300 *值供識別 1 目錄 | --- | --- | |------------------|-------| | | | | 目錄 | | | | | | 公司資料 | | | 管理層討論及分析 | | | 其他資料 | | 致中國玻璃控股有限公司董事會審閱報告 19 綜合損益表 20 綜合損益及其他全面收益表 21 綜合財務狀況表 22 綜合權益變動表 24 簡明綜合現金流量表 26 未經審核中期財務報告附註 27 2019年中期報告 中國玻璃控股有限公司 公司資料 公司資料 2 | --- | --- | |--------------------------------------------------------------|---------------------------------------------------------------------| | | | | 董事會 | 高級管理層 | | 執行董事 | 李平先生 | ...
中国玻璃(03300) - 2018 - 年度财报
2019-04-29 08:36
(於百慕達註冊成立之有限公司) 股份代號:3300 2018 年報 *僅供識別 目錄 | --- | --- | --- | |-------|--------------------------|--------| | | | | | | 目錄 | | | | 公司資料 | 2-3 | | | 財務摘要 | 4 | | | 主席報告書 | 5 | | | 管理層討論及分析 | 6-12 | | | 董事會報告 | 13-30 | | | 環境、社會及管治報告 | 31-40 | | | 企業管治報告 | 41-55 | | | 獨立核數師報告 | 56-65 | | | 綜合損益表 | 66 | | | 綜合損益及其他全面收益表 | 67 | | | 綜合財務狀況表 | 68-69 | | | 綜合權益變動表 | 70-71 | | | 綜合現金流量表 | 72-73 | | | 綜合財務報表附註 | 74-166 | 公司資料 公司資料 | --- | --- | |----------------------------------------------|----------------------- ...