Chanhen(SZ:002895)2022-04-15 16:00Financial Performance - The total revenue for the year 2021 was 1.5 billion RMB, representing a year-on-year increase of 15%[21]. - The net profit attributable to shareholders for 2021 was 300 million RMB, an increase of 20% compared to the previous year[21]. - The company's operating revenue for 2021 was ¥2,530,099,236.16, representing a 42.36% increase compared to ¥1,777,251,943.74 in 2020[29]. - The net profit attributable to shareholders for 2021 was ¥367,764,610.90, a significant increase of 157.88% from ¥142,612,738.57 in 2020[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥343,468,039.36, up 201.41% from ¥113,953,999.40 in 2020[29]. - The gross profit margin for 2021 was reported at 35%, reflecting improved operational efficiency[21]. - The company aims to achieve a revenue target of 1.8 billion RMB for the year 2022, indicating a growth forecast of 20%[21]. - The company's total assets at the end of 2021 were ¥6,922,942,484.95, an increase of 83.72% from ¥3,768,210,279.67 at the end of 2020[32]. - The net assets attributable to shareholders at the end of 2021 were ¥3,559,330,016.78, reflecting a 20.91% increase from ¥2,943,778,261.46 at the end of 2020[32]. - The basic earnings per share for 2021 was ¥0.7530, a 123.71% increase compared to ¥0.3366 in 2020[29]. - The diluted earnings per share for 2021 was also ¥0.7530, representing a 125.85% increase from ¥0.3334 in 2020[29]. - The weighted average return on equity for 2021 was 11.48%, an increase of 5.06% from 6.42% in 2020[29]. Market Expansion and Strategy - The company plans to expand its market presence by increasing production capacity by 25% in the next fiscal year[21]. - User data indicates a 30% increase in customer base over the past year, driven by enhanced marketing strategies[21]. - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market reach[21]. - The company is actively expanding its international market presence, particularly in Southeast Asia, South Asia, the Middle East, and Central and South America[94]. - The company aims to enhance its marketing service system by providing comprehensive phosphorus nutrition solutions for both animals and plants[173]. - The company is focusing on expanding its market presence and developing new technologies[200]. - The company has plans for future product launches and market expansion strategies[200]. Research and Development - Research and development expenses accounted for 5% of total revenue, focusing on new product development in the phosphate sector[21]. - R&D investment increased by 38.09% to ¥63,122,941.44 in 2021, accounting for 2.49% of operating revenue[128]. - The company has several ongoing R&D projects aimed at enhancing product quality and environmental sustainability, including the development of eco-friendly technologies for phosphate gypsum utilization[123]. - The number of R&D personnel increased by 4.27% to 122, although the proportion of R&D staff relative to total employees decreased to 6.64%[126]. - The company is focusing on expanding its product offerings, including the development of new water-soluble fertilizers and improving the quality of feed-grade dicalcium phosphate[123]. - The company has developed a feed-grade calcium dihydrogen phosphate production technology that is at the leading level in China, utilizing its semi-dry phosphoric acid technology[91]. Production and Operations - The company completed the acquisition of mining rights for the Xinqiao Phosphate Mine and Jigongling Phosphate Mine, expanding its main business to include phosphate rock production and sales[27]. - The company has completed the acquisition of mining rights for three phosphate mines, ensuring a stable supply of phosphate rock for its production needs[50]. - The company’s semi-hydrate wet phosphoric acid production technology is recognized as advanced and reliable, with a phosphate recovery rate improved by over 15% compared to traditional methods[50]. - The company’s wet phosphoric acid production process is expected to replace the high-energy-consuming thermal phosphoric acid process due to its lower energy consumption and cost advantages[50]. - The company has established a strong direct supply relationship with large and medium-sized feed production enterprises, ensuring timely product supply[94]. - The company has reported a production capacity of 500,000 tons/year for the Xiaoba Phosphate Mine and 1,000,000 tons/year for the Xinqiao Phosphate Mine, with the Jigongling Phosphate Mine having a capacity of 2,500,000 tons/year[60][61][62]. - The company has established a provincial-level enterprise technology center and is recognized as a national high-tech enterprise, enhancing its competitive edge in the fertilizer industry[91]. Environmental and Regulatory Compliance - The company has received environmental impact assessment approvals for new projects, including a 50,000 tons per year fertilizer-grade ammonium phosphate facility[78]. - The company is actively pursuing environmental impact assessments for new projects, including the comprehensive utilization of low-grade phosphate ore[79]. - The company has a wastewater discharge permit valid until January 21, 2023, which regulates emissions of particulate matter, SO2, NOx, and fluoride[79]. - The company has a water extraction permit allowing for a water extraction volume of 740,000 m³, valid until May 5, 2025[83]. - The company is engaged in the comprehensive utilization of phosphogypsum, which has become a critical factor affecting the development of the domestic phosphate chemical industry[54]. - The company has implemented advanced phosphogypsum filling technology, showcasing its commitment to innovation[179]. Financial Management and Investments - The company issued 11.60 million convertible bonds, raising CNY 1.16 billion for investment projects, including a new phosphate resource processing project[98]. - The total investment amount for the reporting period was CNY 60 million, representing a 100% increase compared to the same period last year[142]. - The company has reported a total of CNY 114,388.3 million raised from the public issuance of convertible bonds, with CNY 59,649.08 million utilized[150]. - The company has a total of CNY 55,037.24 million in unutilized raised funds, with plans for cash management[150]. - The company has not experienced any significant changes in the feasibility of its investment projects, maintaining its strategic direction[158]. - The company has established new subsidiaries, including "Fuqin Mining," which is expected to enhance its operational capabilities[166]. Risks and Challenges - The company has identified key risks including raw material price fluctuations and regulatory changes impacting the chemical industry[6]. - The company faces risks from rising prices of key raw materials, which could significantly impact its profitability[175]. - The company holds a 49% stake in Tianyi Mining, with potential asset impairment risks related to the value of mining rights[175]. - The company is exposed to risks from the appreciation of the RMB against the USD, which could affect its export competitiveness[175]. - The company faces challenges in attracting and retaining talent due to its location in a relatively remote area, which may impact its business development plans[97]. Corporate Governance - The company has a total of 9 board members, including 3 independent directors, ensuring compliance with governance regulations[184]. - The company has successfully completed the re-election of its board and supervisory committee, maintaining governance standards[185]. - The company ensures transparent information disclosure, adhering to legal requirements and enhancing investor relations[184]. - The company has established a complete independent financial accounting system and operates independently from its controlling shareholders[188].