ST海越(600387) - 2021 Q4 - 年度财报

Financial Performance - In 2021, the company achieved a revenue of ¥8,281,948,281.63, representing a 67.95% increase compared to ¥4,931,276,209.72 in 2020[21] - The net profit attributable to shareholders was ¥76,512,136.19, a 7.93% increase from ¥70,888,159.19 in the previous year[21] - The basic earnings per share increased to ¥0.16, up 6.67% from ¥0.15 in 2020[22] - The company achieved a total sales revenue of 8.282 billion RMB in 2021, with a net profit attributable to the parent company of 77 million RMB[32] - The company reported a net profit of approximately 361.89 million, reflecting a growth of 49.43% year-over-year[83] - The company reported a total comprehensive income of ¥101,097,505.87 for 2021, compared to ¥59,669,742.58 in 2020, an increase of 69.5%[181] Cash Flow and Investments - The net cash flow from operating activities improved significantly to ¥518,530,308.13, compared to a negative cash flow of ¥398,547,576.74 in 2020, marking a 230.10% increase[21] - The company reported a significant cash flow from operating activities of approximately 1.457 billion RMB in the fourth quarter[24] - Net cash flow from investing activities decreased by 2,836.99% year-on-year to -CNY 137,180,074.53, due to increased investments by a subsidiary[50] - The company reported a cash flow from operating activities of CNY 518,530,308.13, a turnaround from a negative cash flow of CNY -398,547,576.74 in 2020[186] Assets and Liabilities - The company's total assets at the end of 2021 were ¥4,242,891,698.73, a 3.11% increase from ¥4,115,055,598.50 at the end of 2020[21] - Total liabilities amounted to ¥839,920,467.73, up from ¥792,273,636.35, marking an increase of around 6.0%[174] - The company's total assets increased from 411,505.56 million to 424,289.17 million, while total liabilities rose from 79,227.36 million to 83,992.05 million, resulting in an increase in the debt-to-asset ratio from 19.25% to 19.80%[143] Operational Highlights - The company has established a fuel storage capacity of 52,000 tons and operates 11 gas stations in the Zhuji area, collaborating with PetroChina and Sinopec[32] - The company faced challenges in the oil and gas market due to oversupply and weak demand in 2021[32] - The company plans to continue expanding its oil and gas business despite the adverse market conditions[32] - The company has established a strong procurement and sales channel, enhancing its market competitiveness through partnerships with major petrochemical companies[38] Strategic Initiatives - The company plans to focus on international trade around core industries such as oil and chemical products, aiming to increase business scale[68] - The company is focusing on investment in emerging industries such as new energy and information technology through its venture capital business[68] - The company plans to enhance customer retention and expand external markets to diversify its customer base and procurement channels[73] Governance and Compliance - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance standards[76] - The company has implemented a robust information disclosure and investor relations management system, ensuring timely and accurate communication with shareholders[77] - The company has conducted multiple shareholder meetings to ensure compliance with regulations and to facilitate shareholder engagement[79] Employee Management - The company employed a total of 524 staff members, including 166 in the parent company and 358 in major subsidiaries[102] - The company emphasizes employee training, focusing on onboarding, safety, professional skills, and management capabilities[104] - The company has implemented a performance evaluation mechanism for senior management, linking compensation to annual performance targets[108] Risk Management - The company has acknowledged potential risks in its future development and operational plans, advising investors to be cautious[5] - The company faces risks from economic downturns and industry fluctuations, particularly due to ongoing impacts from the COVID-19 pandemic[70] - The company will actively monitor industry policy changes and adapt its strategies to mitigate potential risks from regulatory reforms in the oil and gas sector[71]