Financial Performance - The company achieved a total operating revenue of 31.79 billion yuan in 2021, representing a year-on-year increase of 80.73%[81]. - The net profit attributable to shareholders reached 4.62 billion yuan, a significant increase of 459.95% compared to the previous year[81]. - The chemical new materials sector contributed 20.47 billion yuan, accounting for 64.39% of total revenue, with a year-on-year growth of 66.36%[82]. - The basic chemicals sector saw revenue of 9.23 billion yuan, which is 29.01% of total revenue, reflecting a remarkable growth of 150.93%[82]. - Domestic sales accounted for 93.71% of total revenue, amounting to 29.79 billion yuan, with a year-on-year increase of 80.96%[82]. - The company maintained a gross profit margin of 31.01% in the chemical new materials sector, which improved by 13.55% year-on-year[85]. - The production volume of chemical manufacturing reached 500.95 thousand tons, an increase of 17.39% compared to the previous year[86]. Dividend Distribution - The company plans to distribute a cash dividend of 20 RMB per 10 shares (including tax) to all shareholders based on the equity distribution date of the 2021 annual report[4]. - The company implemented a cash dividend policy, distributing 20.00 CNY per 10 shares, totaling 3,808,638,022.00 CNY in cash dividends[161]. - The total distributable profit for the company was 10,207,773,491.01 CNY, with cash dividends accounting for 100% of the profit distribution[161]. Shareholder and Governance Structure - The company has established a comprehensive governance structure that complies with relevant laws and regulations, ensuring effective operation and decision-making[127]. - The company maintains independence from its controlling shareholder in business operations, personnel, assets, and financial management, ensuring no interference in decision-making[132]. - The company has a clear governance structure, with a supervisory board overseeing management activities[143]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 23.3714 million yuan[147]. - The company has a structured approach to remuneration, with basic salaries paid monthly and performance-based incentives awarded annually[147]. Research and Development - The company's R&D investment increased by 73.75% to ¥1,121,971,764.17 in 2021 from ¥645,720,608.15 in 2020[96]. - The number of R&D personnel rose by 9.38% to 1,597 in 2021, accounting for 12.86% of the total workforce[96]. - The company is focusing on developing new products such as high-concentration hydrogen peroxide and new types of coatings to create new economic growth points[96]. - The company plans to develop new high-value products from by-products through ongoing research projects, aiming to create new economic growth points[94]. Environmental Compliance and Sustainability - The company achieved zero wastewater discharge in its park by implementing two sets of terminal wastewater treatment facilities, ensuring all wastewater undergoes biochemical treatment and deep processing for reuse in production systems[175]. - The company reported a total sulfur dioxide emission of 6.1228 tons/year, significantly below the permitted limit of 83.66 tons/year, demonstrating compliance with ultra-low emission standards[172]. - The company maintained a 100% compliance rate for all environmental permits and achieved a 100% rate for wastewater and waste gas discharge standards[175]. - The company has adopted measures to reduce carbon emissions by optimizing its industrial structure and reducing coal usage, contributing to its carbon peak work[175]. Market and Industry Trends - The company operates in a challenging environment with increased market volatility and pressure on the petrochemical industry due to external factors such as the COVID-19 pandemic and fluctuating raw material prices[32]. - The domestic caprolactam industry has seen a significant increase in demand due to the rapid development of downstream industries, with new production capacities being launched continuously[37]. - The domestic nylon 6 market price experienced a substantial upward trend, driven by the expansion of application fields and increased demand, particularly in the automotive sector[38]. - The domestic methylene chloride industry capacity reached 3.81 million tons by the end of 2021, reflecting an 8.54% year-on-year increase, with an additional 520,000 tons under construction[44]. Operational Efficiency and Cost Management - The company plans to enhance its operational quality by optimizing production systems and maintaining stable operations[119]. - The company plans to implement comprehensive cost management to improve efficiency and reduce expenses[116]. - The company has successfully implemented cost-reduction measures through its "LUXI Mall" and "LUXI Logistics" platforms, enhancing delivery efficiency[59]. - The company achieved a production capacity utilization rate of 111.79% for caprolactam, with a design capacity of 40,000 tons and an additional 30,000 tons under construction[61]. Employee Engagement and Training - The company has a training program focused on enhancing employee skills and management capabilities, with a structured training plan for different job roles[157]. - The company has established a performance evaluation system linking senior management compensation to overall business performance[163]. - The company has a clear and compliant cash dividend policy, ensuring the protection of minority shareholders' rights[159]. Risk Management - The company recognizes the risks associated with market fluctuations, particularly due to COVID-19 and oil price volatility, and aims to mitigate these risks through proactive market analysis[122]. - The company emphasizes the importance of project management experience to mitigate risks associated with long construction cycles and rising costs[124]. International Market Expansion - The company actively expanded its international market presence, exporting products to East Asia, South Asia, and the Middle East, enhancing brand recognition[77]. - The company is focused on fulfilling its social responsibilities while ensuring stable returns to shareholders[113].