SCC(SH:600740)2022-04-25 16:00Financial Performance - In 2021, the company's operating income reached ¥11,226,552,292.34, representing a 58.10% increase compared to ¥7,100,829,071.41 in 2020[17] - The net profit attributable to shareholders of the listed company was ¥1,260,299,069.38, a 14.86% increase from ¥1,097,286,217.12 in the previous year[17] - The net profit after deducting non-recurring gains and losses was ¥1,255,295,845.26, up 15.49% from ¥1,086,935,669.06 in 2020[17] - The net cash flow from operating activities was ¥743,035,933.64, reflecting a 52.74% increase compared to ¥486,466,252.89 in 2020[17] - As of the end of 2021, the net assets attributable to shareholders of the listed company were ¥12,170,351,054.88, a 9.04% increase from ¥11,161,655,348.86 at the end of 2020[17] - Total assets at the end of 2021 were ¥20,585,890,811.29, a decrease of 3.84% from ¥21,407,133,467.31 at the end of 2020[17] - Basic earnings per share for 2021 increased by 14.85% to CNY 0.4919 compared to CNY 0.4283 in 2020[20] - The weighted average return on equity rose to 10.83%, an increase of 1.06 percentage points from 9.77% in 2020[20] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of ¥1.5 per 10 shares, totaling ¥384,318,173.10, which accounts for 30.49% of the net profit attributable to shareholders for 2021[4] - The board has approved a dividend payout of 0.5 CNY per share, reflecting a commitment to returning value to shareholders[104] Operational Efficiency - The company achieved total assets of CNY 20,585.89 million and net assets of CNY 12,397.50 million in 2021, with a revenue of CNY 11,226.55 million, representing a year-on-year increase of 58.10%[36] - The company’s cash flow from operating activities increased by 52.74% to CNY 743.04 million, reflecting stronger operational efficiency[37] - The company’s financial expenses decreased by 26.22% to CNY 202.78 million, indicating improved financial management[37] Production and Sales - The company sold 3.4632 million tons of coke and produced 3.4644 million tons of coke, marking a year-on-year growth of 3.87% in production[36] - The production volume of coke reached 3,464,391.68 tons, an increase of 3.87% year-on-year, while sales volume was 3,463,162.54 tons, up 3.43% year-on-year[2] - Sales revenue from the coke segment reached CNY 8,742,991,806.39, with a year-on-year increase of 53.22%[46] Research and Development - Research and development expenses surged by 768.87% to CNY 753.39 million, reflecting a strong commitment to innovation[37] - The company invested 75,339,191.34 RMB in R&D, representing 0.67% of operating revenue[5] - The company has authorized 4 national invention patents and 5 utility model patents during the reporting period[70] Environmental Management - In 2021, the company implemented 32 environmental protection projects, including the construction of new pollution control facilities such as dry quenching gas treatment and VOCs recovery systems[139] - The company achieved a significant improvement in environmental conditions, meeting the "A-level enterprise" requirement for no odor on-site[139] - The company’s pollution control facilities, including desulfurization and denitrification systems, are functioning effectively, with a desulfurization efficiency of 99% reported[142] Risk Management - The company has detailed potential risks in the "Management Discussion and Analysis" section of the report[4] - The company faces risks from macroeconomic fluctuations, environmental protection regulations, resource supply issues, and competition in the coke market[85] - The company has established long-term supplier relationships to mitigate risks related to raw material procurement[85] Corporate Governance - The company’s board of directors and management structure is compliant with relevant laws and regulations, ensuring effective governance and operational independence[90] - The company emphasizes the importance of compliance and legal governance in its operations, appointing Qiao Jun as the chief legal advisor[109] - The company has strengthened and standardized its internal control system to ensure compliance, asset security, and the authenticity of financial reports, enhancing operational efficiency[128] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to enhance product offerings and operational efficiency[1] - The company aims to enhance its competitiveness by implementing lean management and internal reforms, focusing on high-end, differentiated, market-oriented, and environmentally friendly coal chemical industry[83] - The company is actively pursuing opportunities for mergers and acquisitions to expand its market reach[109] Financial Stability and Compliance - The company has no outstanding large debts or unfulfilled commitments, ensuring financial stability during the restructuring[171] - The company operates in compliance with relevant laws and regulations, ensuring the safety of financial operations[186] - The company has not faced any administrative penalties related to environmental issues during the reporting period[148]