ANGEL YEAST(SH:600298)2022-03-28 16:00Financial Performance - The company's operating revenue for 2021 was ¥10,675,333,007.67, representing a 19.50% increase compared to ¥8,933,035,777.74 in 2020[17]. - The net profit attributable to shareholders for 2021 was ¥1,308,538,068.26, a decrease of 4.59% from ¥1,371,512,559.64 in 2020[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,060,024,562.13, a decrease of 13.14% compared to CNY 1,220,348,877.69 in 2020[19]. - The net cash flow from operating activities was CNY 1,318,897,969.48, down 29.44% from CNY 1,869,215,941.06 in the previous year[19]. - The company's net assets attributable to shareholders increased by 16.37% to CNY 6,854,060,616.17 from CNY 5,889,923,351.98 at the end of 2020[19]. - Total assets rose by 24.41% to CNY 13,445,647,466.86 compared to CNY 10,807,179,510.18 at the end of 2020[19]. - Basic earnings per share decreased by 4.59% to CNY 1.5879 from CNY 1.6643 in 2020[20]. - The weighted average return on net assets was 20.54%, down 4.61 percentage points from 25.15% in the previous year[20]. - The company achieved a revenue of 10.675 billion CNY, a year-on-year increase of 19.50%, while net profit attributable to shareholders decreased by 4.59% to 1.309 billion CNY[27]. - Domestic market revenue reached 7.785 billion CNY, growing by 22.31%, while international market revenue was 2.822 billion CNY, up by 12.01%[27]. Dividend and Profit Distribution - As of the end of 2021, the company had undistributed profits amounting to ¥5,269,804,438.51, with a proposed cash dividend of ¥5 per 10 shares, totaling an expected distribution of ¥416,346,471.50[4]. - The company has maintained a consistent dividend policy, considering long-term shareholder structure and demands[4]. - The company distributed cash dividends of 4.9473 yuan per 10 shares, totaling 412,041,294.33 yuan based on a total share capital of 832,860,943 shares[122]. - The company has established a three-year shareholder dividend return plan for 2021-2023, as detailed in the announcement released on July 23, 2021[121]. Operational Efficiency and Strategy - The company aims to implement its "14th Five-Year" strategic plan to navigate challenges such as the pandemic and fluctuations in commodity prices[26]. - The company implemented a digital transformation strategy, including the establishment of a digital construction committee and the integration of marketing digitalization and industrial big data systems[29]. - The company is committed to innovation-driven growth and international development to navigate economic challenges and industry competition[74]. - The company is focusing on major technological innovations and new product development, with a performance-based compensation system linked to these initiatives[119]. - The company plans to achieve a revenue target of RMB 20 billion by 2025, focusing on internationalization and technological innovation[72]. Research and Development - Total R&D expenses amounted to ¥475,198,935.51, representing 4.45% of total revenue[52]. - The company developed 157 new products and filed 15 invention patents during the reporting period[55]. - The number of R&D personnel is 730, making up 6.6% of the total workforce[53]. - The management team emphasizes the importance of research and development in driving innovation and maintaining competitive advantage[90]. Environmental and Social Responsibility - The company has 19 key pollution discharge outlets, all of which meet the emission standards for major pollutants[138]. - The actual annual emissions for chemical oxygen demand (COD) were 963.19 tons, with nitrogen oxides at 711.45 tons, significantly below the permitted limits[139]. - The company achieved a 22% year-on-year increase in biogas production, enhancing the profitability of biogas utilization[142]. - The company has implemented a new low-cost biogas desulfurization technology, improving waste gas treatment efficiency[142]. - The company purchased agricultural products worth 101,200 yuan from poverty-stricken areas to support poverty alleviation efforts[151]. Corporate Governance - The audit report for the company was issued by Da Xin Accounting Firm with a standard unqualified opinion[3]. - The company has established a risk control department to enhance its internal control and risk management systems, ensuring compliance with relevant regulations[132]. - The internal control audit conducted by DaXin Accounting Firm resulted in a standard unqualified opinion on the effectiveness of the company's internal controls for the 2021 financial report[134]. - The company’s governance structure has been continuously improved, aligning with the requirements set by the China Securities Regulatory Commission and the Shanghai Stock Exchange[136]. Market Expansion and Internationalization - The company expanded its international presence by establishing wholly-owned subsidiaries in Singapore, Mexico, the USA, and Germany, achieving an internationalization index of 20.3% with exports to 163 countries and regions[27]. - The company is planning to establish subsidiaries in the United States and Germany to enhance its market presence[101]. - The company is considering strategic acquisitions to enhance its product portfolio and market presence, with potential targets identified[92]. Financial Management - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[5]. - The company has not violated any decision-making procedures regarding external guarantees[5]. - The total amount of guarantees provided by the company, excluding subsidiaries, is 0 RMB, with a guarantee balance at the end of the reporting period also at 0 RMB[173]. - The total amount of guarantees, including those to subsidiaries, is 342,087,028.53 RMB, which accounts for 4.99% of the company's net assets[174].