NANSHAN ALUMINIUM(SH:600219)2022-03-30 16:00Financial Performance - The company's operating revenue for 2021 was CNY 28.73 billion, an increase of 28.82% compared to CNY 22.30 billion in 2020[28]. - The net profit attributable to shareholders for 2021 reached CNY 3.41 billion, representing a 66.43% increase from CNY 2.05 billion in 2020[28]. - The net cash flow from operating activities was CNY 4.42 billion, a decrease of 24.94% from CNY 5.88 billion in 2020[28]. - The total assets at the end of 2021 were CNY 63.18 billion, up 12.79% from CNY 56.01 billion at the end of 2020[28]. - The basic earnings per share for 2021 was CNY 0.29, a 70.59% increase from CNY 0.17 in 2020[29]. - The weighted average return on equity for 2021 was 8.18%, an increase of 3.03 percentage points from 5.15% in 2020[29]. - The net profit after deducting non-recurring gains and losses for 2021 was CNY 3.34 billion, a 71.40% increase from CNY 1.95 billion in 2020[28]. - The company achieved a revenue of CNY 28,725,022,944.47 in 2021, an increase of 28.82% compared to the previous year[79]. - The net profit for 2021 was CNY 371,948,530, an increase of 67.46% year-on-year[79]. Dividend Policy - As of December 31, 2021, the total share capital of the company was 11,950,481,520 shares, with 11,891,017,087 shares eligible for cash dividend distribution at a rate of 0.63 RMB per 10 shares, resulting in a total cash dividend distribution of 1,027,953,523.78 RMB, which accounts for 30.14% of the net profit attributable to shareholders for the year[8]. - The company plans to maintain the cash dividend distribution rate of 0.63 RMB per 10 shares, with adjustments to the total distribution amount if there are changes in the total share capital before the implementation date[8]. - The company has not disclosed any plans for stock dividends or capital reserve transfers, with remaining undistributed profits carried forward to the next year[8]. - The company implemented a cash dividend policy, distributing a dividend of 0.55 CNY per 10 shares (including tax) on July 6, 2021[159]. - The profit distribution policy is clearly defined and aligns with the company's articles of association, ensuring the protection of minority shareholders' rights[160]. Risk Management - The company has described potential risks in the annual report, which investors should pay attention to, particularly in the "Management Discussion and Analysis" section[11]. - The company has a comprehensive risk management strategy outlined in the annual report, addressing various operational and market risks[11]. - The company emphasizes the importance of investment risk awareness regarding forward-looking statements made in the report[9]. - The company is actively managing foreign exchange risks through hedging strategies to mitigate the impact of RMB/USD exchange rate volatility[122]. - Supply chain risks are heightened due to the complexity of the aerospace and automotive sectors, with potential impacts from political and exchange rate fluctuations[121]. Corporate Governance - The company reported a standard unqualified audit opinion from He Xin Accounting Firm, ensuring the authenticity and completeness of the financial report[7]. - The company has established a robust governance structure with a clear delineation of responsibilities among the board, supervisory board, and management[6]. - The company confirmed that all board members attended the board meeting, ensuring collective responsibility for the report's accuracy[6]. - The company has maintained a consistent approach to governance and financial oversight through regular shareholder meetings and approvals of key financial decisions[129][130][131]. - The company’s board of directors has undergone changes, with new appointments made during the reporting period[133]. Market and Product Development - The company reported a significant increase in high value-added product sales, contributing to the overall performance improvement[28]. - The company is actively promoting clean energy utilization and resource recycling, contributing to the national "carbon peak and carbon neutrality" goals[50]. - The company aims to accelerate the construction of additional production lines for automotive plates to meet increasing market demand[54]. - The company has established a leading position in the domestic aviation board market, leveraging the C919 project and focusing on "material localization" and "material autonomy" policies[55]. - The demand for aluminum foil products has surged in the sterile packaging market and the new energy vehicle sector, with stable supply relationships established with major clients like CATL and BYD[56]. Environmental Compliance - The company has implemented ultra-low emission transformation projects in its electrolytic aluminum and carbon workshops[171]. - The company aims for zero wastewater discharge through continuous process upgrades and technology improvements[172]. - The company is committed to building a sustainable production system and has taken measures to reduce carbon emissions[180]. - The company plans to introduce photovoltaic power generation to reduce reliance on thermal power, aligning with Shandong Province's green electricity planning[181]. - The company has conducted biodiversity risk assessments in its core production areas, implementing measures to protect local ecosystems[179]. Research and Development - The company’s R&D expenses decreased by 7.22% to CNY 1,374,287,879.19 compared to the previous year[81]. - The company employed 2,593 R&D personnel, representing 13.83% of the total workforce[91]. - Research and development investments increased by 30%, totaling $150 million, aimed at enhancing product offerings[134]. - The company is committed to enhancing its technological capabilities and management systems to support its role as a supplier for major aerospace manufacturers like Boeing and Airbus[118]. - The company has successfully developed new alloy materials for food cans, enhancing its product diversity and market share in the can materials sector[66]. Strategic Investments - The company plans to invest up to CNY 15,000 million in a partnership for equity investment in unlisted companies and non-public offerings[103]. - The company has invested in a 1 million-ton alumina project in Indonesia, which commenced production in May 2021, enhancing its production capacity at a lower cost[67]. - The company is constructing a recycling aluminum project, which can save 95% of energy compared to electrolytic aluminum[76]. - The company has established a joint venture for aerospace components with a registered capital of USD 2,000 million, with a 50% stake[103]. - The company is expanding its market presence through strategic investments in subsidiaries[145].