皖维高新(600063) - 2021 Q4 - 年度财报

Financial Performance - The net profit attributable to the parent company's shareholders for 2021 was CNY 982,125,496.54, with a 10% allocation of CNY 30,655,960.22 to surplus reserves[6] - The total distributable profit for the year was CNY 1,935,330,399.00, after accounting for the previous year's dividend distribution of CNY 192,589,469.20[6] - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares, totaling CNY 192,589,469.20, with remaining undistributed profits of CNY 1,742,740,929.80 carried forward[6] - The company's operating revenue for 2021 was ¥8,103,151,148.15, representing a 14.88% increase compared to ¥7,053,556,365.56 in 2020[24] - The net profit attributable to shareholders for 2021 was ¥982,125,496.54, a significant increase of 60.68% from ¥611,220,317.55 in 2020[24] - The net cash flow from operating activities reached ¥1,510,344,616.28, up 25.91% from ¥1,199,578,915.84 in the previous year[24] - The total assets at the end of 2021 were ¥11,654,037,501.86, an 8.83% increase from ¥10,708,467,077.35 at the end of 2020[24] - The basic earnings per share for 2021 was ¥0.51, reflecting a 59.38% increase from ¥0.32 in 2020[24] - The weighted average return on equity for 2021 was 16.38%, an increase of 5.31 percentage points from 11.07% in 2020[24] Audit and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm[5] - The board of directors has ensured the authenticity, accuracy, and completeness of the annual report[4] - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[7] - The company has not violated decision-making procedures for external guarantees[7] - The report includes a detailed description of potential risks faced by the company, which investors are encouraged to review[7] Research and Development - The company invested CNY 345 million in R&D, accounting for 4.26% of revenue, an increase of 0.63 percentage points year-on-year[39] - The company obtained 11 patents during the reporting period, including 7 invention patents, and received a provincial-level first prize for technological progress[39] - The company is actively collaborating with universities and research institutes to enhance its technological capabilities and innovation[39] - The company focused on key products such as polyvinyl alcohol and PVB resin, with significant R&D projects aimed at developing new products and improving production efficiency[78] Production and Capacity - The company has a total share capital of 1,925,894,692 shares as of December 31, 2021[6] - The company’s total production capacity for PVA in mainland China is 996,000 tons, with an actual production of approximately 750,000 tons in 2021[44] - The company achieved a production capacity increase from 40,000 tons/year to 75,000 tons/year for differentiated PET polyester chips due to a new project completed in December 2021[125] - The company also expanded the production capacity for dispersible latex powder from 20,000 tons/year to 40,000 tons/year with a new project entering trial production in December 2021[125] Market Performance - The company exported goods worth 229 million USD during the reporting period, demonstrating strong international market performance[34] - The company achieved domestic production of key equipment for the PVA optical film project, marking a significant step in breaking the foreign monopoly in this field[38] - The company is focusing on expanding its product offerings in high-demand sectors such as optical films, adhesives, and specialty PVA products, contributing to its growth strategy[49] - The company is positioned as a leader in the PVA industry, with a comprehensive product range and advanced technology[102] Cost Management - The overall cost structure indicates a shift towards higher raw material costs across various sectors, impacting profitability and pricing strategies moving forward[71] - The company reported a decrease in fuel costs in the chemical industry by 1.91%, totaling ¥553.48 million, which is 11.95% of total costs[71] - The company experienced a decline in manufacturing costs in the chemical industry, which fell by 2.30% to ¥292.68 million, accounting for 6.32% of total costs[71] Governance and Management - The company maintains a governance structure that ensures equal rights for all shareholders and prevents interference from controlling shareholders in operational decisions[159] - The company has established a dedicated information disclosure team to ensure compliance with legal requirements and improve transparency for shareholders[159] - The company has established a compensation and assessment committee to draft remuneration proposals for the board's review[178] - The company has undergone significant management changes, with multiple executives transitioning out of their roles[172] Future Outlook - The company aims to produce 228,000 tons of PVA in 2022, with a sales target of 184,600 tons[151] - The projected sales revenue for 2022 is RMB 9.697 billion, with an export target of USD 26 million[151] - The company plans to invest in high-value new functional materials and optimize product structure to enhance market share[150] - The company is focusing on digital transformation and smart factory development to improve operational efficiency[150]