XACIG(600596)2022-03-21 16:00Financial Performance - The company's operating revenue for 2021 reached ¥18,976,663,581.13, representing a 51.45% increase compared to ¥12,530,020,497.43 in 2020[28]. - The net profit attributable to shareholders of the listed company was ¥2,654,485,451.06, a significant increase of 354.56% from ¥583,973,555.40 in the previous year[28]. - The net cash flow from operating activities was ¥2,877,523,332.13, up 163.49% from ¥1,092,100,477.01 in 2020[28]. - The total assets of the company at the end of 2021 were ¥17,199,341,506.91, reflecting a 38.03% increase from ¥12,460,620,092.32 in 2020[28]. - The net assets attributable to shareholders of the listed company increased to ¥8,943,450,573.77, a rise of 37.55% compared to ¥6,501,885,395.44 in the previous year[28]. - Basic earnings per share increased by 335.60% to CNY 3.2535 in 2021 from CNY 0.7469 in 2020[31]. - Diluted earnings per share rose by 334.34% to CNY 3.2380 in 2021 compared to CNY 0.7455 in 2020[31]. - The weighted average return on equity increased by 24.77 percentage points to 34.36% in 2021 from 9.59% in 2020[31]. - Total operating income for Q4 2021 reached CNY 5,660,393,960.15, marking a significant increase compared to previous quarters[34]. - Net profit attributable to shareholders for Q4 2021 was CNY 1,053,430,042.08, reflecting strong performance[34]. - The company reported a net cash flow from operating activities of CNY 1,358,415,323.03 in Q4 2021, indicating robust cash generation[34]. Research and Development - The company invested 572 million yuan in R&D, a year-on-year increase of 62%[55]. - The company developed 371 new products during the reporting period, with new product sales revenue reaching 1.1 billion yuan, accounting for 23% of terminal product sales revenue[56]. - The R&D personnel count stands at 743, making up 12.50% of the total workforce[98]. - The company has filed 94 patents, including 56 invention patents, with 43 patents granted so far[99]. - The total R&D investment accounted for 3.01% of operating revenue[97]. - The company has established partnerships with nearly 20 renowned research institutions to enhance technological innovation[99]. - The company is actively developing new technologies and products, particularly in the fields of high-purity silicon and electrolyte materials for new energy applications[64]. Market and Product Development - The company has expanded its product offerings in crop protection, focusing on glyphosate and other herbicides, and has enriched its portfolio through acquisitions[61]. - The company achieved an operating income of 4.357 billion yuan from silicon-based materials, representing a year-on-year growth of 72.44% with a gross margin of 47.42%[50]. - The company's silicon-based terminal and special silane products generated an operating income of 3.204 billion yuan, a year-on-year increase of 69%, with a terminal conversion rate exceeding 40%[51]. - The company is focusing on the integration of the silicon-based materials industry, with an emphasis on high-end applications in sectors such as medical health and new energy[160]. - The company is targeting a significant increase in the market share of its core business, particularly in the fields of electric communication and rail transportation[166]. - The company is committed to developing comprehensive agricultural solutions, expanding from herbicides to include fungicides, and enhancing its brand as a "herbicide expert" in the industry[167]. Financial Management - The company plans to distribute a cash dividend of ¥5.00 per 10 shares, totaling approximately ¥409,695,193.00 based on the total share capital of 818,390,386 shares[6]. - The company reported a total profit of 3.143 billion yuan, marking a significant year-on-year increase of 307.65%[82]. - The total operating cost for 2021 was 14.122 billion yuan, a year-on-year increase of 31.51%[79]. - The company's investment activities resulted in a net cash outflow of ¥1,778,881,442.72, primarily due to increased equity investments[71]. - The company's cash and cash equivalents increased by 64.79% to ¥2,174,885,127.28, attributed to higher sales revenue[108]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 19.1164 million yuan[199]. Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The company emphasizes that future operational outlooks are based on current macroeconomic policies and market conditions, and do not constitute performance commitments[10]. - The company has a commitment to transparency, with all financial reports audited by Tianjian Accounting Firm, ensuring accuracy and completeness[5]. - The company is implementing a comprehensive governance structure to ensure effective decision-making and risk management, enhancing its corporate governance practices[179]. Strategic Initiatives - The company plans to continue leveraging its strengths in technology, capital, management, and talent to navigate market opportunities[46]. - The company aims to enhance its supply chain capabilities and reduce costs, focusing on improving product competitiveness in the chlorosilicon and phosphorous sectors[166]. - The company is focusing on digital agriculture and smart agriculture to explore new agricultural development models, aligning with national rural revitalization goals[167]. - The company is committed to green and low-carbon development, establishing a carbon peak and carbon neutrality action plan, and enhancing energy consumption assessment[173]. - The company is advancing its digital transformation by enhancing smart manufacturing and digital management, achieving over 85% online data rate for core devices and improving production line utilization by over 10%[172].