HIKING(SH:600735)2022-04-28 16:00Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.47 per 10 shares to all shareholders, based on the total share capital on the record date for the profit distribution plan [5]. - For the 2021 fiscal year, the company plans to distribute a cash dividend of 0.47 CNY per 10 shares, totaling 20,152,576.29 CNY, based on a total share capital of 428,778,219 shares [137]. - The company implemented a cash dividend policy, distributing a cash dividend of 0.36 CNY per 10 shares for the 2020 fiscal year, totaling 13,535,722.66 CNY, which represents 30.26% of the net profit attributable to shareholders [137]. Financial Performance - The company's operating revenue for 2021 was CNY 1,574.33 million, an increase of 26.69% compared to 2020 and 9.75% compared to 2019 [22]. - The net profit attributable to shareholders for 2021 was CNY 65.97 million, up 47.48% from 2020 but down 9.27% from 2019 [24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 40.92 million, a decrease of 6.59% from 2020 and a decrease of 37.11% from 2019 [24]. - The net cash flow from operating activities for 2021 was CNY 18.14 million, a significant decrease of 82.89% from 2020 and 85.55% from 2019 [24]. - The company's total assets at the end of 2021 were CNY 1,842.97 million, an increase of 40.44% from the end of 2020 and 32.54% from the end of 2019 [24]. - The basic earnings per share for 2021 was CNY 0.1755, an increase of 47.48% from 2020 but a decrease of 9.26% from 2019 [24]. - The weighted average return on equity for 2021 was 6.87%, an increase of 2.16 percentage points from 2020 but a decrease of 0.92 percentage points from 2019 [24]. - The company's total revenue for the reporting period was approximately CNY 1.57 billion, representing a year-on-year increase of 26.69% [48]. - The gross profit margin for the company decreased to 21.91%, down by 2.74 percentage points compared to the previous year [49]. Business Segments - The hair products business generated revenue of CNY 1,006.60 million, a 22.92% increase from the previous year [34]. - The textile and apparel business reported revenue of CNY 237.70 million, an 11.23% increase year-on-year [34]. - The cross-border e-commerce business, after acquiring 60% of Shanghai Lizhi, achieved revenue of CNY 524.31 million, a growth of 29.45% [36]. - The graphite new materials business generated revenue of CNY 51.75 million, with a net profit of CNY 1.13 million, completing its performance commitment at 138.95% [36]. - The health and elderly care business reported revenue of CNY 3.45 million, with ongoing projects in multiple cities [37]. Risk Management - The management has provided a risk statement regarding forward-looking statements, emphasizing the potential impact of market conditions on future strategies [6]. - The company has a comprehensive risk factor analysis detailed in the "Management Discussion and Analysis" section of the report [8]. - The company faces risks from the ongoing COVID-19 pandemic, macroeconomic fluctuations, and exchange rate volatility, which could impact production and sales [99]. - The company recognizes the risk of intensified competition in the hair products and textile industries, leading to potential price increases for raw materials and decreased sales growth [99]. - The company is actively managing risks related to environmental protection and safety production, particularly in its graphite mining operations [100]. Governance and Compliance - The company has received a standard unqualified audit report from Zhongtianyun Accounting Firm, ensuring the authenticity and completeness of the financial report [4]. - The company has maintained a consistent governance structure, with all board members present at the board meeting [4]. - The company has not faced any issues with more than half of the directors being unable to guarantee the authenticity of the annual report [9]. - The company has established a complete and independent financial accounting system, ensuring no shared bank accounts with controlling shareholders [109]. - The company strictly adheres to legal and regulatory requirements for information disclosure, ensuring timely and accurate reporting to enhance transparency [106]. Shareholder Information - The company's major shareholder, Shandong Lujin Import and Export Group Co., Ltd., holds 49.34% of the shares, amounting to 185,532,352 shares, with 148,350,000 shares pledged [199]. - The total number of ordinary shareholders decreased from 36,795 to 31,937 during the reporting period [197]. - The total number of shares held by the chairman, Zhang Hang, remained unchanged at 63,800 shares throughout the reporting period [114]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 1.173 million yuan [114]. Environmental and Social Responsibility - The company committed to fulfilling its social responsibilities by actively participating in community healthcare initiatives and donating materials during the COVID-19 pandemic [156]. - The company has established a system to ensure compliance with laws and regulations, maintaining a commitment to integrity and ethical business practices [155]. - Qingdao Hengfu, a subsidiary, was identified as a key pollutant discharge unit, with actual COD emissions of 53.1 tons and ammonia nitrogen emissions of 2.18 tons in 2021 [143]. - The company has installed a 2000 cubic meter wastewater treatment facility, ensuring compliance with national discharge standards [145]. Financial Management - The company raised approximately CNY 360 million through a non-public share issuance to support business transformation [33]. - The company has a total of CNY 5,000,000.00 in bank wealth management products with a return of 3.51% [179]. - The company has a total of CNY 7,000,000.00 in bank wealth management products with a return of 3.55% [179]. - The company has a total of CNY 2,000,000.00 in self-owned funds with a yield of 3.28% as of July 1, 2021 [188]. - The company is focused on maintaining a diversified portfolio of financial products to optimize returns [183].