TYGF(SH:600506)2022-04-19 16:00Financial Performance - The net profit attributable to shareholders for 2021 was -35.93 million RMB, with an undistributed profit of -163.29 million RMB at the end of the reporting period[5]. - The company plans not to distribute profits or increase capital reserves for the 2021 fiscal year[5]. - The company's operating revenue for 2021 was approximately ¥349.54 million, a 194.76% increase compared to ¥118.58 million in 2020[22]. - The net profit attributable to shareholders was a loss of approximately ¥35.93 million, a decrease of 906.67% from a profit of ¥4.45 million in 2020[22]. - The company reported a net cash flow from operating activities of approximately -¥7.97 million, worsening from -¥5.55 million in 2020[22]. - The total assets at the end of 2021 were approximately ¥3.61 billion, a significant increase of 1,103.21% from ¥300.36 million in 2020[22]. - The basic earnings per share for 2021 was -¥0.2433, a decrease of 911.00% from ¥0.030 in 2020[23]. - The weighted average return on equity was -13.79% for 2021, down from 1.61% in 2020[23]. - The company achieved operating revenue of CNY 349.54 million in 2021, with a core operating revenue of CNY 289.33 million after excluding unrelated business income[174]. - The total revenue for the year 2021 was reported at 114.73 million, reflecting a significant growth compared to previous periods[104]. Acquisitions and Business Expansion - The company completed the acquisition of 100% equity in Unified Petrochemical, which added approximately ¥161.05 million in revenue from lubricating oil research, production, and sales[33]. - The company completed a significant asset acquisition, establishing a "dual main business" model focusing on the cultivation, processing, and sales of Kuerle fragrant pears and other Xinjiang specialty dried fruits, alongside the R&D, production, and sales of lubricants[37]. - Unified Petrochemical's consolidated revenue for 2021 amounted to 161.05 million yuan, reflecting its significant market presence[39]. - The company completed the acquisition of 100% equity in Unified Petrochemical and its subsidiaries, enhancing its business scope to include the production and sales of lubricants and greases[76]. - The company has expanded its management team with experienced professionals from various sectors, enhancing its operational capabilities[105]. - The company plans to issue up to 44,312,061 A shares, raising a maximum of CNY 307.08 million to enhance liquidity and support business expansion[41]. Risk Management and Compliance - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties[7]. - There are no violations of decision-making procedures for providing guarantees to external parties[7]. - The company faces risks from macroeconomic fluctuations and intensified market competition in the fruit and petrochemical sectors[85]. - The company intends to improve its internal control systems and enhance governance levels to maintain stable operations[82]. - The company has implemented measures to strengthen investor relations and ensure transparent information disclosure, including hosting investor meetings and utilizing various communication channels[95]. - The company has committed to maintaining transparency and accountability in its operations and financial reporting[164]. Environmental and Social Responsibility - The company has implemented a low-nitrogen burner in its gas boiler, ensuring emissions meet the local standards for air pollutants in Beijing[131]. - All hazardous waste generated by the company is stored in a designated hazardous waste storage facility and is regularly handled by a qualified company[131]. - The company has established emergency response plans for environmental incidents, which have been filed with the ecological environment bureau[134]. - The company adheres to national laws and regulations, actively fulfilling its social responsibilities while promoting sustainable development[138]. - The company emphasizes employee rights and has implemented mechanisms to ensure fair labor practices and benefits[140]. - The company was recognized as a "state-level spiritual civilization unit" in March 2021, enhancing its brand image and social reputation[142]. Governance and Management - The board of directors and supervisory board confirm the authenticity, accuracy, and completeness of the annual report[9]. - The company has established specialized committees, including an audit committee and a remuneration and assessment committee[112]. - The company has no reported penalties from securities regulatory agencies in the last three years[109]. - The company has maintained the independence of Unified Petrochemical's management team post-acquisition, ensuring stability in operations[125]. - The company has committed to providing accurate and complete information for the transaction, ensuring no false records or misleading statements[160]. Future Outlook and Strategic Initiatives - Future outlook indicates a focus on market expansion and the development of new products and technologies to drive growth[106]. - The company is actively pursuing strategic partnerships and potential acquisitions to strengthen its market position[106]. - The company plans to enhance its operational efficiency through improved management practices and technology integration[105]. - The company aims to leverage its existing assets to maximize shareholder value in the long term[106]. - The company is focused on strengthening internal resource integration and establishing effective governance mechanisms post-acquisition[82].