驰宏锌锗(600497) - 2021 Q4 - 年度财报

Financial Performance - In 2021, the net profit attributable to shareholders of the listed company was CNY 584,417,261.51, while the parent company achieved a net profit of CNY 1,438,146,515.29[7] - The company plans to distribute a cash dividend of CNY 1.20 per 10 shares, totaling CNY 610,954,988.16, which accounts for 104.54% of the net profit attributable to shareholders for the year[7] - The company's operating revenue for 2021 was CNY 21.72 billion, representing a year-on-year increase of 13.31%[19] - Net profit attributable to shareholders for 2021 was CNY 584.42 million, up 23.90% from the previous year[19] - The basic earnings per share for 2021 was CNY 0.1148, reflecting a 23.97% increase compared to 2020[19] - The weighted average return on equity (ROE) increased to 3.93%, up by 0.8 percentage points from the previous year[19] - The net profit after deducting non-recurring gains and losses was CNY 945.63 million, a significant increase of 128.36% year-on-year[19] - The total distributable profit for 2021 was CNY 730,269,772.08, after accounting for the surplus reserve and retained earnings[7] Cash Flow and Dividend Policy - The operating cash flow has shown continuous improvement, indicating a positive trend in the company's financial health[16] - The company has maintained a high cash dividend payout ratio since its listing, sharing development results with investors[16] - The net cash flow from operating activities for 2021 was CNY 3.24 billion, an increase of 21.29% year-on-year[19] - The company has implemented a cash dividend policy, distributing at least 10% of the annual distributable profits in cash, with a cumulative distribution of no less than 30% of the average annual distributable profits over the last three years[180] Asset Management - The asset-liability ratio has been decreasing for three consecutive years, reflecting an optimized capital structure[16] - The company's asset-liability ratio decreased to 39.85%, marking a continuous decline over six years[19] - Total assets at the end of the reporting period were CNY 28,589.72 million, a decrease of CNY 106.30 million, down 3.58% from the beginning of the year[64] - The company's total liabilities decreased by CNY 88.89 million to CNY 1,139.26 million, a decline of 7.24%[64] Production and Operations - The company completed zinc product production of 38.77 million tons in 2021, with zinc ingots at 29.08 million tons and zinc alloys at 9.69 million tons[29] - The company produced 241,300 tons of zinc concentrate in 2021, accounting for 5.83% of the domestic total, and 387,700 tons of refined zinc, representing 6.05% of the domestic output[49] - The company achieved a lead concentrate production of 89,900 tons, which is 4.58% of the domestic total, and refined lead production of 106,700 tons, accounting for 2.05% of the domestic market[50] - The company produced 57.48 tons of germanium products, which is 52.25% of the estimated domestic germanium metal output of 110 tons[51] - The company’s lead mining grade is 15.11%, significantly higher than the industry average of 6.73%[53] - The lead recovery rate in the company’s mining operations is 88.65%, above the industry average of 85.60%[53] - The zinc recovery rate is 94.12%, exceeding the industry average of 90.85%[54] - The company has established a comprehensive production capacity utilization rate of 95.75% for mining, selection, and smelting operations[55] Research and Development - The company filed for 6 key R&D projects at the national and provincial levels, significantly enhancing its technological capabilities[35] - Research and development expenses increased by 38.67% to CNY 74.19 million, indicating a stronger focus on innovation[66] - Total R&D expenditure for the year 2021 amounted to ¥623,781,058.39, representing 2.87% of total revenue[84] - The number of R&D personnel is 425, accounting for 4.98% of the total workforce[85] - The company applied for 120 patents in 2021, including 30 invention patents and 90 utility model patents, with a total of 759 valid patents by the end of the reporting period[86] Environmental Responsibility - The company is committed to environmental responsibility, with specific pollutant discharge data reported for its subsidiaries[190] - The company achieved a total industrial solid waste generation of 1.445 million tons, with all waste entrusted for comprehensive utilization[191] - The company reported a carbon emission of 80.80 thousand tons from its smelting division, with sulfur dioxide emissions at 275.48 tons[191] - The company has implemented a complete wastewater recycling system, with no external discharge reported from its operations[193] - The company conducted 38 emergency drills for environmental incidents at its mining division, ensuring preparedness[197] - The company reported no environmental administrative penalties or judicial judgments in 2021, indicating compliance with ecological regulations[200] Governance and Compliance - The company held 3 shareholder meetings during the reporting period, reviewing 17 major matters, ensuring compliance with legal regulations and internal rules[135] - The board of directors consists of 11 members, with 8 external directors, accounting for 72.73%, enhancing decision-making quality[136] - The supervisory board convened 5 times, reviewing 19 matters including financial audits and budget reports, adhering to legal and internal regulations[137] - The company completed 111 temporary announcements and related disclosures throughout the year, maintaining high standards of information transparency[138] - The company has established an independent financial accounting department, ensuring no assets are occupied by the controlling shareholder[142] Strategic Initiatives - The company aims to enhance production efficiency and profitability through a focus on value creation and full industry chain advantages[28] - The company aims to become the absolute leader in the domestic lead, zinc, and germanium industry by integrating resources and improving production efficiency[36] - The company is expanding its industrial layout into the northwest region of China and overseas markets[58] - The company is focusing on enhancing its environmental governance capabilities in response to new regulations on heavy metal pollution control[98] - The company is committed to optimizing labor cost efficiency and enhancing employee motivation through its salary policies[177]