ZJQY(SH:600210)2022-03-18 16:00Financial Performance - The company's operating revenue for 2021 was RMB 9,528,593,024.57, representing a 13.20% increase compared to RMB 8,417,639,218.25 in 2020[24]. - The net profit attributable to shareholders of the listed company for 2021 was RMB 553,180,163.22, a decrease of 2.13% from RMB 565,214,257.13 in 2020[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 533,284,963.68, showing a slight decrease of 0.51% from RMB 536,034,021.05 in the previous year[24]. - The net cash flow from operating activities for 2021 was RMB 1,032,726,193.45, down 3.37% from RMB 1,068,746,096.59 in 2020[24]. - As of the end of 2021, the net assets attributable to shareholders of the listed company were RMB 5,544,421,758.99, an increase of 4.36% from RMB 5,312,743,627.36 at the end of 2020[24]. - The total assets of the company at the end of 2021 were RMB 12,159,561,207.33, reflecting a 9.88% increase from RMB 11,066,600,977.47 at the end of 2020[24]. - Basic earnings per share for 2021 was CNY 0.365, a decrease of 2.14% compared to CNY 0.373 in 2020[25]. - The operating cash flow for 2021 was negative CNY 37,089,324.97, compared to positive CNY 283,389,290.07 in 2020[29]. - The weighted average return on equity decreased to 10.16% in 2021 from 11.06% in 2020, reflecting a decline of 0.9 percentage points[25]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 2.50 per 10 shares, totaling RMB 379,184,039.50, which represents a cash dividend payout ratio of 68.55% for the year[7]. - The company has distributed over 3.915 billion yuan in cash dividends to shareholders since its listing[38]. - The cash dividend ratio should not be less than 30% of the average distributable profit over the last three years, with specific annual ratios determined by the board based on profitability and future funding plans[139]. Market and Business Development - The company maintained strategic partnerships with major clients such as Coca-Cola and Danone, expanding its market share in the beverage packaging sector[33]. - The company successfully developed new client relationships with brands like Heytea and Naixue, contributing to its market expansion efforts[33]. - The beverage OEM division expanded its product offerings to include coffee, 100% juice, tea, and functional sparkling water, adapting to a "multi-variety, small batch" processing model[35]. - The company achieved a 13.7-fold increase in overseas exports for high-end clients in the nylon sector, with domestic Japanese client sales continuously rising, resulting in a 47% year-on-year sales growth[35]. - The company is focusing on sustainable development by increasing R&D investment in biodegradable packaging materials and reducing the weight of packaging[35]. Research and Development - The company applied for 306 national patents in 2021, including 3 design patents, 260 utility model patents, and 27 invention patents, with 266 patents granted[35]. - Research and development expenses increased by 34.28% to 298 million RMB, indicating a focus on innovation[45]. - The company reported a total of 2071 software copyrights registered in 2021, indicating a strong focus on innovation and technology development[11]. - The company is actively pursuing new patents, with a total of 66 new utility model patents filed, reflecting its ongoing investment in research and development[66]. Environmental and Social Responsibility - The company has implemented a comprehensive VOCs 2.0 plan, achieving effective emission reductions through increased environmental governance investments and strict compliance with new environmental regulations[72]. - The company is committed to fulfilling its social responsibility by ensuring compliance with environmental laws and maintaining environmental quality[148]. - The company aims to reduce VOCs emissions by approximately 11 tons annually through the use of non-alcoholic additives[162]. - The company has received national and provincial honors for green factory status, including Shanghai Ziquan Beverage and Shanghai Zijiang New Materials[159]. Corporate Governance - The company held 4 supervisory board meetings during the reporting period, ensuring compliance with relevant regulations and protecting shareholder interests[114]. - The company maintained independence from its controlling shareholder, with no instances of fund occupation or asset infringement reported[114]. - The company has established a fair and transparent performance evaluation and incentive mechanism for its directors and senior management[114]. - The company has implemented a dynamic management communication mechanism to improve investor recognition and trust[114]. Financial Management and Compliance - The company has established a comprehensive internal control management system in accordance with relevant laws and regulations, enhancing decision-making efficiency and ensuring asset safety[144]. - The internal control audit report received a standard unqualified opinion, indicating effective internal control measures[145]. - The company has not reported any significant deficiencies in internal control during the reporting period[144]. - The company has confirmed that it does not have any non-operating fund occupation by controlling shareholders or related parties during the reporting period[170]. Future Outlook - Future outlook includes a projected revenue growth of 20% year-over-year, driven by new product launches and market expansion strategies[80]. - The company plans to explore potential mergers and acquisitions to strengthen its market position and diversify its product offerings[80]. - The company aims to expand its market presence by introducing at least 5 new packaging technologies by the end of 2031, targeting a 15% increase in market share[80].