ZSIG(SH:600313)2022-03-30 16:00Financial Performance - In 2021, the company achieved a net profit attributable to shareholders of 36,311,046.51 yuan, representing a 34.02% increase compared to 27,094,534.97 yuan in 2020[6]. - The total operating revenue for 2021 was 3,764,392,752.13 yuan, a 2.78% increase from 3,662,548,774.43 yuan in 2020[23]. - The net cash flow from operating activities decreased by 84.35% to 23,732,593.27 yuan in 2021, down from 151,676,344.87 yuan in 2020[23]. - The company's total assets at the end of 2021 were 3,363,747,553.55 yuan, a 1.32% increase from 3,320,001,240.25 yuan at the end of 2020[23]. - The net assets attributable to shareholders increased by 2.49% to 1,503,827,917.24 yuan at the end of 2021, compared to 1,467,297,044.45 yuan at the end of 2020[23]. - The basic earnings per share for 2021 were 0.0336 yuan, up 34.40% from 0.0250 yuan in 2020[24]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching 11,924,482.40 yuan, a 2,005.51% increase from 566,347.73 yuan in 2020[23]. - The net profit attributable to shareholders of the listed company for Q4 2021 was 41,095,018.45 yuan, recovering from losses in previous quarters[28]. - The company received government subsidies amounting to 40,318,543.60 yuan in 2021, compared to 32,871,168.88 yuan in 2020[29]. Business Segments - The seed business generated operating revenue of 878 million yuan, a year-on-year increase of 42.31%[37]. - The wheat seed business sold 152,200 tons, with revenue of 522 million yuan, up 47.38% year-on-year[37]. - The corn seed business sold 22,100 tons, generating revenue of 218 million yuan, an increase of 53.04% year-on-year[38]. - The rice seed business sold 11,100 tons, achieving revenue of 129 million yuan, a year-on-year growth of 15.57%[38]. - In the liquor grain business, the company sold 60,800 tons with revenue of 189 million yuan, a year-on-year increase of 190.29%, and gross profit of 17.72 million yuan, up 1,355.70 million yuan[40]. - Fertilizer trade saw sales of 984,400 tons and revenue of 1.833 billion yuan, a year-on-year decrease of 20.06%, while gross profit slightly increased by 2.47%[40]. - The pesticide business achieved sales of 23,200 tons with revenue of 437 million yuan, a year-on-year increase of 50.91%, and gross profit rose by 33.31%[41]. Research and Development - The company introduced 34 new approved varieties, including 6 wheat, 13 corn, and 13 rice varieties, enhancing its competitive advantage[41]. - The company has established a comprehensive commercial R&D system and a trial network for seed production across major ecological zones[61]. - Total R&D investment amounted to approximately $5.34 million, representing 1.42% of total revenue[83]. - The number of R&D personnel was 171, accounting for 15.69% of the total workforce[84]. - The company aims to enhance its core competitiveness through the implementation of the revised Seed Law, which strengthens intellectual property protection in the seed industry[95]. Market Strategy and Expansion - The company is focusing on enhancing core competitiveness through new product development and expanding into international markets[37]. - The company has established research stations in multiple countries, including Bangladesh and Indonesia, and has set up a seed company in Pakistan, enhancing its international presence[65]. - The company plans to enhance its seed production capabilities by building national-level seed production bases for corn, wheat, and rice, and improving processing and storage facilities[103]. - The company is targeting the expansion of its seed business, particularly in corn and wheat, by promoting differentiated varieties and enhancing its market presence in various regions[104]. - The company is exploring partnerships with international firms to leverage synergies and expand its global footprint[135]. Financial Management and Governance - The company has established strong financial partnerships with multiple institutions, ensuring robust funding for ongoing operations and development[47]. - The company has implemented a contractual management system, enhancing strategic execution and internal management oversight[49]. - The company has developed an investor management system and maintains effective communication with investors through various channels, addressing inquiries in a timely manner[122]. - The total pre-tax remuneration for key management personnel during the reporting period amounted to 395.58 million yuan[129]. - The company has established performance evaluation standards and incentive mechanisms to align management interests with those of shareholders[122]. Environmental and Social Responsibility - The company has implemented various pollution prevention measures, including centralized collection and treatment of waste gases and optimization of production processes to reduce wastewater discharge[174]. - The company has established an emergency response plan for environmental incidents, which was filed with local ecological environment authorities in November 2020[176]. - The company has been actively involved in poverty alleviation efforts in Xiaoxian, Anhui, establishing agricultural bases and donating fertilizers to help increase local farmers' income[191]. - The company is committed to protecting the rights and interests of employees, promoting their development and well-being[190]. Legal and Compliance Issues - The company has initiated legal proceedings against the original shareholders of Guangxi Gelin for compensation due to unmet profit commitments[199]. - The company is actively pursuing the completion of legal procedures related to property rights issues affecting its subsidiaries[194]. - The company has not reported any dissenting opinions from the supervisory board regarding risk supervision during the reporting period[153].