Financial Performance - The company's operating revenue for 2021 was CNY 328,537,216, representing a 42.03% increase compared to CNY 231,323,263 in 2020[31]. - The net profit attributable to shareholders for 2021 was CNY 42,647,226.10, which is a 30.55% increase from CNY 32,666,574.38 in 2020[31]. - The company's gross profit margin for 2021 was 32.56%, indicating a relatively high level of profitability[14]. - The company's gross profit margin decreased to 32.56% from 36.45% in the previous year, indicating a rise in the cost of goods sold, which amounted to ¥221,552,727.18, up 50.72% year-on-year[64]. - The company achieved a year-on-year revenue growth of 42.03% and a net profit growth of 30.55%[52]. - The basic earnings per share for 2021 increased to 1.87, a 30.53% rise from 1.43 in 2020[31]. - The net profit after deducting non-recurring gains and losses was CNY 39,983,105, down by 0.71% compared to the preliminary earnings report[40]. - The company's total assets at the end of 2021 amounted to CNY 370,961,699.96, reflecting a 16.90% increase from CNY 317,343,273.69 at the beginning of the year[33]. - The total liabilities increased by 18.78% year-on-year, reaching CNY 119,808,800.82[52]. - The net assets totaled CNY 251,152,899.14, reflecting a year-on-year growth of 16.02%[52]. Shareholder Information - The total share capital increased from 22,765,700 shares to 32,235,145 shares following the company's listing on January 18, 2022[27]. - The company has 22,765,700 shares outstanding, with 93.96% being subject to trading restrictions[161]. - The largest shareholder, Qin Wenping, holds 39.52% of the shares, with a slight decrease of 3,000 shares from the previous period[162]. - The total shareholding of the controlling shareholders, Zhang Yujun and Qin Wenping, is 74.63%, with Zhang Yujun holding 35.11% and Qin Wenping holding 39.52%[167]. - The company has a total of 74 shareholders, indicating a diverse ownership structure[161]. Dividends and Profit Distribution - The company distributed a cash dividend of RMB 3.50 per 10 shares, totaling RMB 7,967,995.00, based on a total share capital of 22,765,700 shares[6]. - The company has outlined a profit distribution policy in its articles of association and has developed a three-year dividend plan for shareholders following its listing on the Beijing Stock Exchange[145]. - The company plans to distribute a cash dividend of 2 yuan per 10 shares and issue 5 shares for every 10 shares held[179]. - The company has not proposed any profit distribution plan during the reporting period despite having positive earnings[180]. Research and Development - The company's R&D expenses rose by 47.14% to ¥16,870,642.62, reflecting increased investment in new product and material development[65]. - The company has 54 R&D personnel, accounting for 13.72% of the total workforce, an increase from 13.40%[91]. - The company is currently engaged in several R&D projects, including high-temperature aluminum-plastic composite bags and robotic production lines[93]. - Research and development (R&D) expenses for the period were ¥16,870,642.62, representing 5.14% of operating revenue, an increase from 4.96% in the previous period[90]. Risks and Challenges - The company faces risks related to raw material price fluctuations, which could impact production costs and operational stability[13]. - The company is exposed to risks from fluctuations in raw material prices, which are linked to international commodity prices[109]. - The company’s foreign sales accounted for 15.17% of its main business revenue, which may be adversely affected by the global COVID-19 pandemic[112]. - The company has not experienced significant changes in major risks during the reporting period[14]. Corporate Governance and Compliance - The company emphasizes the importance of governance and compliance with laws and regulations to protect shareholder rights and ensure effective oversight by the board and supervisory committee[145]. - The company has committed to reducing related party transactions to ensure fair market practices[154]. - The company has established a commitment to avoid any actions that could harm the interests of minority shareholders[155]. - The company actively fulfills its social responsibilities, including timely tax payments and creating a good working environment for employees[102]. Subsidiaries and Partnerships - The company established a wholly-owned subsidiary, Huizhou Hujiang New Materials Co., Ltd., with a registered capital of RMB 50 million[5]. - The company has established stable partnerships with well-known enterprises like BASF and DSM, which are crucial for its business operations[13]. - The main subsidiary, Nanjing Huhui Packaging Technology Co., Ltd., reported a revenue of ¥82,349,862.65 and a net profit of ¥5,458,169.39[87]. Legal and Financial Commitments - The company recognized a lease liability of CNY 3,798,827.64 as of January 1, 2021, under the new leasing standards[99]. - The company has provided guarantees totaling ¥9,000,000, with a balance of ¥8,000,000 for subsidiaries' bank financing[121]. - The company has committed to compensating any losses incurred by investors due to non-compliance with commitments[135]. - The company will ensure compliance with new regulations regarding share reduction and will issue supplementary commitments if necessary[136].
沪江材料(870204) - 2021 Q4 - 年度财报