JHEC(SH:600273)2022-03-29 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥8.96 billion, representing a 60.87% increase compared to ¥5.57 billion in 2020[26]. - The net profit attributable to shareholders for 2021 was approximately ¥1.81 billion, a 38.69% increase from ¥1.30 billion in 2020[26]. - The net cash flow from operating activities for 2021 was approximately ¥1.78 billion, reflecting a 25.23% increase from ¥1.42 billion in 2020[26]. - The total assets at the end of 2021 were approximately ¥12.03 billion, a 21.46% increase from ¥9.91 billion at the end of 2020[26]. - The basic earnings per share for 2021 was ¥1.29, up 41.76% from ¥0.91 in 2020[26]. - The company reported a quarterly revenue of approximately ¥3.10 billion in Q4 2021, with a net profit of approximately ¥600 million[28]. - The company distributed cash dividends totaling 420.58 million yuan for the year, accounting for 42.64% of the net profit attributable to shareholders[33]. - The company achieved total operating revenue of 8.957 billion yuan and a net profit attributable to shareholders of 1.808 billion yuan, representing a year-on-year increase of 38.69%[35]. Risk Management - The company reported no significant risk events during the reporting period, ensuring a stable operational environment[7]. - The company has outlined potential risks in its future development strategy, which investors should be aware of[7]. - There are no violations of decision-making procedures regarding external guarantees[7]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[7]. Governance and Compliance - The audit report issued by Lixin Certified Public Accountants confirmed the financial report's authenticity and completeness[6]. - The management team has committed to the accuracy and completeness of the financial report[6]. - All board members attended the board meeting, ensuring full participation in decision-making[5]. - The company has established a robust governance structure to ensure compliance with legal and regulatory requirements, enhancing operational integrity[192]. - The company is committed to maintaining effective internal controls and has not experienced any insider trading incidents during the reporting period, ensuring fair information disclosure[192]. Research and Development - In 2021, the company implemented 41 R&D projects and received approval for 26 new products from the Zhejiang Provincial Economic and Information Technology Department, with 5 projects passing acceptance tests[42]. - The company has applied for a total of 111 patents, with 70 granted, including 18 invention patents, enhancing its technological advantage[66]. - The total R&D investment accounted for 3.57% of total revenue[92]. - Research and development expenses increased by 50.55% to 319.62 million RMB, reflecting the company's commitment to innovation[74]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[26]. - The company is focusing on the development of new materials and emerging energy technologies, with a dedicated research institute established for this purpose[151]. - The company plans to expand its PVC project, which has recently commenced production, contributing to revenue growth[80]. - The company aims to enhance its photovoltaic industry scale and invest in high-quality distributed photovoltaic power stations, leveraging digital opportunities in smart operations and energy management[168]. Social Responsibility - The company has been actively involved in social responsibility initiatives, including disaster relief donations and support for poverty alleviation projects[48]. Production and Operations - The company operates in the chemical industry, producing a range of products including fatty alcohols, PVC, steam, caustic soda, and sulfuric acid, with a focus on circular economy and resource efficiency[56]. - The company has established a circular economy model within the China Chemical New Materials (Jiaxing) Park, enhancing its competitive advantage through integrated supply chains and resource sharing[59]. - The company’s steam production is a core part of its operations, supporting both its own needs and those of the surrounding enterprises in the park[57]. - The company has established a continuous sulfonation production line, making it the largest producer of sulfonated pharmaceutical products in the industry, with proprietary technology at an internationally advanced level[108]. Environmental Management - The company has improved its environmental management system, aiming to reduce emissions and enhance its green development advantages[68]. - The company is actively exploring carbon capture, utilization, and storage (CCUS) technologies, aiming to maximize social and economic benefits while adhering to green low-carbon development[169]. Supply Chain and Procurement - The company reported a significant increase in the cost of raw materials, which rose by 82.85% compared to the previous year[82]. - The company is actively managing raw material price volatility by closely monitoring market trends and optimizing procurement timing, alongside enhancing cost control measures to mitigate adverse impacts[188]. Leadership and Management - The total number of shares held by the board members at the end of the reporting period was 11,632,089, with an increase of 3,000 shares during the year[199]. - The company has maintained a consistent leadership structure with no significant turnover among key executives[197].