三峡新材(600293) - 2021 Q4 - 年度财报

Financial Performance - In 2021, the company achieved a revenue of CNY 3,108,551,977.05, representing a 20.59% increase compared to CNY 2,577,683,736.40 in 2020[21] - The net profit attributable to shareholders was CNY 90,190,308.30, a significant turnaround from a net loss of CNY 2,064,777,371.69 in the previous year, marking a 104.37% improvement[21] - The operating cash flow increased by 190.98% to CNY 826,828,864.97 from CNY 284,157,582.38 in 2020[21] - The company reported a net profit excluding non-recurring gains and losses of CNY 375,601,923.59, compared to a loss of CNY -2,060,538,316.26 in 2020, reflecting an improvement of 118.23%[21] - In 2021, the company achieved a basic earnings per share of CNY 0.08, a significant increase of 104.49% compared to a loss of CNY 1.78 in 2020[22] - The company reported a weighted average return on equity of 4.71%, an increase of 76.32 percentage points from -71.61% in 2020[22] - The company’s total assets decreased by 19.81% to CNY 3,761,655,323.10 from CNY 4,690,962,714.89 in 2020[21] - The net assets attributable to shareholders increased by 6.24% to CNY 1,972,385,878.65 from CNY 1,856,548,222.28 in 2020[21] - The company’s total liabilities decreased by 44.47% to RMB 1,627,391,421.86, also influenced by the disposal of Hengbo Company[53] Strategic Focus and Business Development - The company plans not to distribute cash dividends or bonus shares for 2021 due to negative distributable profits of CNY -1,366,404,921.43[5] - The company plans to concentrate on developing its competitive flat glass business to ensure sustainable growth and reduce debt risks[30] - The company’s strategic focus on high-quality innovation in the flat glass sector is expected to enhance its market position moving forward[31] - The company is advancing the silicon sand resource utilization project, which has completed planning and land certification, laying a solid foundation for high-end product supply[34] - The company is leveraging advanced IT technology to enhance its e-commerce platform and improve customer service, aiming for a seamless online and offline retail experience[40] - The company plans to produce 25 million heavy boxes of flat glass, an increase of 1.57 million heavy boxes year-on-year, with a first-class product rate of 90.84%[64] - The company aims for a sales revenue of over CNY 2.90 billion from its main business, with a sales price forecast of CNY 110 per heavy box, leading to an expected annual sales revenue of over CNY 2.75 billion[64] Environmental and Compliance Efforts - Environmental protection investments totaled 94.25 million yuan in 2021, including 34.25 million yuan for technical upgrades, leading to a significant reduction in total air pollutant emissions[35] - The company has made substantial investments in environmental protection, achieving significant results in pollutant discharge compliance[66] - The company is actively monitoring and adapting to changes in environmental regulations to mitigate associated risks[66] - The company has completed the environmental impact assessment for its construction projects and has been compliant with the relevant regulations[101] - The company emitted a total of 710.590 tons of sulfur dioxide, 1246.408 tons of nitrogen oxides, and 38.976 tons of particulate matter in 2021, with reductions of 124.646 tons, 264.124 tons, and 10.698 tons respectively compared to the previous year[99] Governance and Management - The company’s board and management have confirmed the accuracy and completeness of the financial report, with no major omissions or misleading statements[4] - The company has established a remuneration management system for directors and senior management, ensuring timely and full payment based on performance assessments[79] - The company is actively engaged in corporate governance, with regular board meetings to review and approve key reports and strategies[81] - The board of directors convened 4 meetings in 2021, passing 19 resolutions, demonstrating active governance[68] - The company has a diversified leadership team with experience in various sectors, including finance, management, and law[78] Legal and Compliance Risks - The company has acknowledged the existence of a non-compliance guarantee provided by the actual controller, which was resolved in September 2021[7] - The actual controller of the company is currently under judicial supervision, which presents a risk of unresolved litigation[66] - The company is currently involved in significant litigation, including a dispute with Huarong Securities regarding a share pledge repurchase contract, with a claim amount of approximately 1.33 billion RMB[118] - The company has faced a total of 23 lawsuits related to a sales contract dispute, with the Shenzhen Intermediate People's Court dismissing all claims from the plaintiffs[118] - The company has ongoing litigation involving a claim of 69,625,000.00 CNY related to contract disputes[120] Research and Development - Total R&D expenses amounted to RMB 60,481,922.02, representing 1.95% of operating revenue[49] - The number of R&D personnel is 169, accounting for 10.75% of the total workforce[49] - Research and development expenses for 2021 were RMB 60,481,922.02, up from RMB 71,118,972.36 in 2020, indicating a focus on innovation despite a decrease in absolute terms[172] Financial Reporting and Audit - The company is responsible for preparing financial statements in accordance with accounting standards to ensure fair representation[157] - The audit report indicates that there are significant uncertainties regarding the company's ability to continue operations in the future[159] - The audit report expresses a qualified opinion due to limitations in the audit scope, affecting the assessment of financial statements[148] - The company has retained Zhongshun Zhonghuan Accounting Firm for the 2021 financial report audit, with a fee of 1.4 million RMB and an audit duration of 8 years[115] Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 56,170, an increase from 53,925 at the end of the previous month[134] - The largest shareholder, Shenzhen Qianhai Jiahao Investment Partnership, holds 111,128,680 shares, representing 9.58% of total shares, with shares frozen[136] - The second-largest shareholder, Xu Xizhong, holds 103,387,072 shares, representing 8.91% of total shares, with shares frozen[136] - The company has not reported any significant asset or equity acquisitions or sales during the reporting period[123]