ATLANTIC(SH:600558)2022-03-31 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥3.44 billion, an increase of 14.39% compared to ¥3.01 billion in 2020[30]. - The net profit attributable to shareholders was approximately ¥77.40 million, a decrease of 26.92% from ¥105.91 million in 2020[30]. - The basic earnings per share for 2021 was ¥0.0862, down 26.95% from ¥0.118 in 2020[31]. - The total assets at the end of 2021 were approximately ¥3.15 billion, reflecting a 2.50% increase from ¥3.08 billion at the end of 2020[30]. - The company's total revenue for the year was CNY 3,424,947,676.08, representing a year-on-year increase of 14.92%[83]. - The operating profit was CNY 108,820,000, a decrease of 27.79% year-on-year, mainly due to reduced gross profit[75]. - The gross margin decreased by 2.60 percentage points to 11.40% compared to the previous year[83]. - The company reported a total revenue of 352.58 million in the latest financial year[146]. Production and Sales - The company produced 411,600 tons of products in 2021, a 2.87% increase from 400,100 tons in 2020[42]. - The sales volume for 2021 was 477,800 tons, a slight increase of 0.60% compared to 475,000 tons in 2020[42]. - The company achieved an export volume of 45,300 tons in 2021, a year-on-year increase of 0.67%[46]. - The production volume of welding materials increased by 2.87% to 411,541.47 tons, while sales volume rose by 0.60% to 477,835.66 tons[84]. - Total production for 2022 was 501,500 tons, with total sales reaching 513,700 tons[127]. Dividends and Shareholder Returns - The board of directors proposed a cash dividend of 0.30 RMB per 10 shares, totaling 26.9281 million RMB based on a total share capital of 897,604,831 shares as of December 31, 2021[8]. - The company distributed a cash dividend of 0.40 CNY per 10 shares, totaling 35,904,193.24 CNY, which represents 33.90% of the net profit attributable to shareholders for the year 2020[181]. - For the year 2021, the proposed cash dividend is 0.30 CNY per 10 shares, amounting to 2,692.81 million CNY, which is 34.79% of the net profit attributable to shareholders[182]. Audit and Compliance - The company received a standard unqualified audit report from Sichuan Huaxin (Group) Accounting Firm, ensuring the financial report's authenticity and completeness[7]. - The company has a commitment to ensuring the accuracy and completeness of the annual report, with all board members present at the meeting[5][6]. - The company has established a complete internal control system, enhancing its operational management level and risk prevention capabilities[140]. - The company has made no significant errors or omissions in its financial reporting for 2020[167]. Research and Development - The company conducted research on 132 samples of 80 types of materials, confirming that 46 sources of raw materials are suitable for small batch use, effectively reducing procurement costs[47]. - The company organized and completed 126 national, provincial, and municipal technology projects and urgent product developments, resulting in 41 product research completions and obtaining 11 patents during the reporting period[48]. - The company holds 92 valid patents, including 83 invention patents, reflecting its strong R&D capabilities[68]. - The R&D expenses increased by 2.91% to CNY 44,279,986.35, driven by higher personnel costs and external testing fees[77]. - The company is committed to research and development, aiming to introduce new technologies in welding materials[149]. Market Strategy and Competition - The company plans to enhance market competitiveness by expanding sales channels and focusing on key projects in sectors like renewable energy and nuclear power[45]. - The company is focusing on high-end differentiated product technology and cost leadership in mid-to-low-end homogeneous products[126]. - The domestic welding materials market is characterized by intense competition, with a significant presence of state-owned and private enterprises[118]. - The company is actively adjusting its product structure to meet the demand for automated and intelligent welding solutions[118]. Risk Management - There were no significant risks affecting production and operations during the reporting period, with detailed risk factors and countermeasures provided in the management discussion section[12]. - The company is focusing on enhancing procurement management to mitigate operational risks due to significant fluctuations in raw material prices, particularly steel[47]. - Fluctuations in raw material prices, particularly steel, pose a significant risk to production costs and profitability[132]. - The company will implement cautious procurement strategies to mitigate risks associated with raw material price volatility[132]. Corporate Governance - The company is committed to enhancing corporate governance and ensuring compliance with regulatory requirements[136]. - The company has established a comprehensive evaluation and assessment system for senior management remuneration based on operational performance[156]. - The company has a strong commitment to corporate governance, ensuring compliance with legal and regulatory requirements[140]. - The company has made systematic revisions and improvements to its internal control systems across various departments, including finance and human resources[140]. Environmental Responsibility - The company has been listed as a key pollutant discharge unit, with its subsidiaries complying with national and local emission standards throughout the reporting period[194]. - The company has not experienced any environmental pollution incidents during the reporting period, with all pollutant emissions meeting regulatory standards[195]. - The total pollutant discharge was reported to be within the regulatory limits, with a compliance rate of 98%[199]. - The company is committed to sustainability, with plans to reduce waste by 15% over the next three years[200].