理文化工(00746) - 2021 - 年度财报

Financial Performance - For the year ended December 31, 2021, the Group recorded total revenue of HK$5,186 million, an increase of 67.3$1,288 million, an increase of 156.2% year-on-year[7]. - The Group's gross profit margin rose by 8.6 percentage points year-on-year to 45.1%, while the net profit margin also climbed by 8.6 percentage points year-on-year to 24.8%[7]. - For the year ended December 31, 2021, the Group's revenue was HK$5,186 million, representing a 67.3$3,100 million in the previous year, while net profit attributable to equity holders was HK$1,288 million, up 156.2$503 million[19]. - Revenue from chemical operations was approximately HK$4,991 million, an increase of HK$1,892 million or 61.0% compared to the previous year, driven by higher unit selling prices due to strong demand[22]. Revenue Sources - Revenue from the sale of properties was approximately HK$195 million during the year, with 155 residential units delivered from the RIVERDALE project in Changshu, Jiangsu[8]. - The average selling price per ton of caustic soda increased by 30$231 million, representing 4.5% of total revenue, focusing on new product development and optimization of technical processes[32]. - The Group aims to enhance investment in high-end fluoropolymers and lithium battery new materials to increase market share and industry recognition[16]. Financial Health - Total shareholders' equity as of December 31, 2021, was HK$5,575 million, an increase from HK$4,444 million in 2020[39]. - Current assets amounted to HK$2,146 million as of December 31, 2021, compared to HK$1,780 million in 2020[39]. - The current ratio improved to 1.60 as of December 31, 2021, from 1.52 at the end of 2020[39]. - The net debt to equity ratio decreased to 12.70% as of December 31, 2021, from 24.97% in 2020[39]. Corporate Governance - The Board of Directors consists of 4 executive directors and 3 independent non-executive directors, with independent directors representing over one-third of the Board[63]. - The Company has adopted high standards of corporate governance, complying with the corporate governance code as per the Listing Rules[61]. - The Audit Committee held 3 meetings during the year, with full attendance from all members[80]. - The Company ensures that no Director is involved in deciding their own remuneration[81]. Risk Management - The Group has established a risk management framework involving the Board of Directors, the Audit Committee, and the Risk Management Taskforce to monitor and manage risks effectively[109]. - The risk management and internal control systems are designed to provide reasonable assurance against material misstatement or loss, rather than absolute assurance[113]. Environmental, Social, and Governance (ESG) - The company has established clear pollutant discharge standards and has not found any violations of environmental protection laws during the year[134]. - The Group has established an ESG governance framework focusing on occupational health and safety, waste gas and wastewater emissions, and production waste management[146]. - The company manufactured and donated disinfectants and other anti-epidemic materials to support communities during the COVID-19 pandemic[136]. Employee Management - The Group has a dynamic system for managing hazardous chemicals, including emergency response plans[165]. - In 2021, the Group arranged for 2,116 employees to receive vocational training, an increase from 1,889 in 2020[175]. - The Group provides comprehensive employee benefits including endowment insurance, medical insurance, and free meals[187].