JSAC(SH:600389)2022-04-18 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥6.48 billion, representing a 26.60% increase compared to ¥5.12 billion in 2020[25]. - Net profit attributable to shareholders for 2021 reached approximately ¥816.45 million, a significant increase of 143.76% from ¥334.93 million in 2020[25]. - The net cash flow from operating activities for 2021 was approximately ¥993.80 million, up 40.53% from ¥707.17 million in 2020[25]. - The total assets at the end of 2021 amounted to approximately ¥5.68 billion, reflecting a 23.58% increase from ¥4.60 billion at the end of 2020[25]. - The basic earnings per share for 2021 was ¥2.7490, which is a 143.77% increase compared to ¥1.1277 in 2020[25]. - The weighted average return on equity for 2021 was 36.68%, an increase of 20.38 percentage points from 16.30% in 2020[25]. - The company reported a total of ¥16.37 million in non-recurring gains for 2021, after accounting for tax and minority interests[29]. - The company achieved a total revenue of 6.48 billion RMB, representing a year-on-year increase of 26.6%[50]. - Revenue from pesticide products reached 3.91 billion RMB, up 29.48% year-on-year, contributing significantly to overall growth[56]. Dividends and Profit Distribution - In 2021, Jiangshan Co. distributed cash dividends of 10.00 RMB per 10 shares, totaling 297 million RMB, which accounted for 36.38% of the net profit attributable to ordinary shareholders[6]. - The company does not plan to distribute profits or increase capital reserves at the end of 2021[6]. - The cash dividends distributed in 2021 accounted for 36.38% of the net profit attributable to ordinary shareholders in the consolidated financial statements[196]. - The company has ensured the continuity and stability of its dividend policy while considering the long-term interests of all shareholders[199]. Research and Development - The company invested approximately 237 million yuan in R&D, filing 28 patents, including 19 invention patents[37]. - The company completed the construction of a modular pilot test device with a total investment of 43.2 million yuan by the end of the year[37]. - The company launched 11 new formulation registrations, with 4 products already achieving scale sales[37]. - The company invested CNY 237.30 million in R&D, with 15 new projects initiated, totaling 17 ongoing projects[95]. - The company applied for 28 patents in 2021, with 14 granted, including 1 PCT patent published in the US[95]. Environmental and Safety Initiatives - The company invested approximately ¥15.48 million in safety enhancement projects during 2021, addressing five major safety technical challenges[36]. - The company implemented 38 environmental improvement projects in 2021, with an investment of approximately ¥16.80 million, further solidifying its environmental management foundation[36]. - The company is committed to improving safety and environmental standards by increasing investments and establishing a comprehensive safety management system[124]. - The company has established a comprehensive waste management technology system, recognized as a national clean production demonstration enterprise in 2013[49]. - The company aims to enhance environmental management and reduce risks by strengthening source governance and implementing environmental responsibilities[135]. Governance and Compliance - The company reported a standard unqualified audit opinion from Xinyong Zhonghe Accounting Firm for the fiscal year[5]. - The company has not experienced any non-operational fund occupation by controlling shareholders or related parties[8]. - The company has maintained compliance with decision-making procedures regarding external guarantees[8]. - The company has a robust governance structure and has passed certifications for seven major management systems, enhancing operational efficiency[49]. - The company has established a long-term mechanism to prevent major shareholders from infringing on the interests of the listed company[140]. Market and Strategic Initiatives - The company is actively pursuing new product development and market expansion, focusing on environmentally friendly pesticide solutions[48]. - The company plans to strengthen its marketing team and optimize its domestic and overseas sales networks to steadily increase sales scale[129]. - The company is focusing on high-quality development and innovation in the pesticide industry, aligning with national policies for sustainable growth[80]. - The global pesticide market is expected to maintain a rigid demand due to increasing population and food security concerns, with major markets in Asia-Pacific, Latin America, Europe, and North America[117]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 10 million allocated for this purpose[162]. Challenges and Risks - Jiangshan Co. has detailed risks related to industry policy changes, market fluctuations, raw material price volatility, and environmental factors in its report[8]. - The company faces risks related to safety, environmental regulations, market fluctuations, and exchange rates, which it aims to mitigate through enhanced risk management practices[133]. - The company is exposed to raw material price fluctuations, particularly for coal, yellow phosphorus, salt, methanol, and glycine, which could impact manufacturing costs and gross margins[136]. - The company has significant export operations, and fluctuations in exchange rates against the USD and AUD could affect profitability; measures will be taken to manage currency risk[136]. Human Resources and Training - The company reported a total of 1,822 employees, with 1,407 in the parent company and 415 in major subsidiaries[190]. - The company has established a comprehensive training plan focusing on safety and skill training for grassroots production personnel and management training for technical staff[194]. - A key talent development program was implemented, with 40% of key positions undergoing training and 20% participating in job rotation[194]. - The company has adopted various training methods, including internal training, external training, and industry exchanges, to enhance the effectiveness of skill development[194]. - The company has established a performance-based compensation system, emphasizing skill and position-based salary allocation, and implementing comprehensive performance evaluations[191].