SCGS(SH:600678)2022-04-18 16:00Financial Performance - The company's operating revenue for 2021 was CNY 373,009,528.90, representing a 43.69% increase compared to CNY 259,590,285.23 in 2020[20] - Net profit attributable to shareholders for 2021 was CNY 67,784,777.24, a 77.28% increase from CNY 38,235,796.62 in 2020[20] - The basic earnings per share for 2021 was CNY 0.1942, up 77.19% from CNY 0.1096 in 2020[22] - The total assets at the end of 2021 were CNY 569,415,236.75, a 15.19% increase from CNY 494,339,948.56 at the end of 2020[21] - The company's cash flow from operating activities for 2021 was CNY 91,374,074.59, a decrease of 12.19% compared to CNY 104,056,447.03 in 2020[20] - The weighted average return on equity for 2021 was 34.62%, an increase of 7.41 percentage points from 27.21% in 2020[22] - The net profit after deducting non-recurring gains and losses for 2021 was CNY 62,027,129.14, which is a 106.31% increase from CNY 30,065,188.95 in 2020[20] - The total equity attributable to shareholders at the end of 2021 was CNY 241,960,819.49, a 49.45% increase from CNY 161,899,244.88 at the end of 2020[21] - The diluted earnings per share for 2021 was also CNY 0.1942, consistent with the basic earnings per share[22] Revenue Sources - Sales revenue from limestone reached 225.40 million RMB, up 53.40% year-on-year[29] - Sales revenue from calcium oxide amounted to 126.69 million RMB, reflecting an 18.93% increase year-on-year[29] - The company achieved total sales of 6.9314 million tons, an increase of 2.1529 million tons, representing a growth rate of 45.06% year-on-year[36] - The logistics sector saw a revenue increase of 56.86%, totaling CNY 16,845,978.42, with a gross profit margin increase of 11.51 percentage points[41] Production and Operations - The company completed limestone mining of 7.2434 million tons during the reporting period, an increase of 2.2334 million tons, representing a growth rate of 44.58% year-on-year[32] - The total production of calcium oxide reached 384,400 tons, an increase of 26,200 tons, with a growth rate of 7.31% year-on-year[33] - The company’s limestone mining project with an annual capacity of 8 million tons was successfully completed, which is expected to significantly reduce mining costs[34] - The company is advancing a project for comprehensive utilization of waste stone, targeting an annual production of 5 million tons of building materials, which will leverage excess mining capacity[80] Investments and Acquisitions - The company completed the acquisition of a 51% stake in Sichuan Chengjing Shengtian Construction Engineering Co., Ltd. for CNY 1, expanding its control over the subsidiary[48] - The company acquired 49% of Luoyang Dingding Agricultural Industry Development Group Co., Ltd. for 0 RMB, making it a wholly-owned subsidiary[67] - The company has a budget of 148 million RMB for a project to produce 250,000 tons of lightweight and nano calcium carbonate products, with only 1.07% of the budget utilized so far[71] Financial Management - The company did not propose any profit distribution or capital reserve transfer to increase share capital for the year[4] - The company has established a three-year shareholder return plan for 2019-2021, which has been approved by the board of directors[126] - The company plans to distribute at least 30% of the average distributable profits over the next three years in cash, provided that the net profit attributable to shareholders is positive and there are no major investment plans or cash expenditures[156] Governance and Compliance - The company held 6 shareholder meetings during the reporting period, ensuring fairness and transparency in decision-making[91] - The board of directors consists of 7 members, including 3 independent directors, ensuring a balanced and professional composition[93] - The company has established a sound internal risk control system, aligning with regulatory requirements[91] - The company has implemented a system for insider information management, ensuring compliance with regulations[95] Environmental Responsibility - The company is committed to environmental sustainability, adhering to government regulations on mine reclamation and green initiatives[77] - The company has completed environmental impact assessments for all construction projects, ensuring compliance with environmental protection regulations[136] - The company achieved an annual production capacity of 800,000 tons for its calcium oxide production line, which was completed and awaiting acceptance by the provincial environmental protection department[139] Legal Matters - The company received an arbitration notice from the China International Economic Trade Arbitration Commission regarding a dispute related to a joint venture contract, case number V20160288, on March 28, 2016[160] - The company faced a bank deposit freeze of 5,392,492 yuan due to a legal dispute with Duralite Engineering Limited[161] - The company is currently in the process of resolving the legal matters with Duralite Engineering Limited[161] Shareholder Relations - The total number of ordinary shareholders at the end of the reporting period is 46,091, down from 55,350 at the end of the previous month[189] - The largest shareholder, Shenzhen Pusuzhichun Investment Enterprise (Limited Partnership), holds 71,553,484 shares, representing 20.50% of the total shares[191] - The company has not implemented any share buyback during the reporting period[200]