NBFB(SH:600768)2022-04-01 16:00Financial Performance - The net profit attributable to shareholders for 2021 was CNY 3,961,046.16, while the net profit after deducting non-recurring gains and losses was a loss of CNY 3,320,111.90[6]. - Operating revenue for 2021 decreased by 15.72% to CNY 416,967,678.33 compared to CNY 494,768,005.15 in 2020[22]. - The net cash flow from operating activities dropped by 67.47% to CNY 9,589,419.73 from CNY 29,477,351.00 in the previous year[22]. - Total assets decreased by 18.63% to CNY 327,199,620.91 at the end of 2021, down from CNY 402,100,328.32 at the end of 2020[22]. - The basic earnings per share for 2021 was CNY 0.03, recovering from a loss of CNY 0.05 in 2020[23]. - The company's net assets attributable to shareholders at the end of 2021 were CNY 222,667,399.26, a decrease of 1.67% from CNY 226,439,025.70 at the end of 2020[22]. - The revenue after excluding non-core business income fell by 24.31% to CNY 374,512,397.14 in 2021[22]. - The company achieved operating revenue of CNY 416,967,678.33, a year-on-year decrease of 15.72%[30]. - The company reported a total revenue of 1.5 billion in 2021, representing a 10% increase compared to 2020[84]. - The company reported a total revenue of 1,953,961 million for the fiscal year 2020, with a significant increase of 46.34% compared to the previous year[88]. Business Operations - The aluminum processing business generated sales revenue of CNY 98,467,000, an increase of 20.49% year-on-year, with a net profit of CNY 3,406,500[30]. - The trading business reported sales revenue of CNY 275,924,000, a decrease of 15.19% year-on-year, but net profit increased by 36.21% to CNY 1,370,100[30]. - The company implemented cost control measures, resulting in a production increase of over 15% per shift[30]. - The company focused on enhancing raw material control and reducing energy consumption through equipment upgrades[30]. - Research and development investments were increased to promote new product development[30]. - The company successfully maintained existing sales channels while actively expanding into new markets[30]. - The company maintained a low level of accounts receivable through daily tracking and management, ensuring timely collection of payments[31]. - The company has over 4,000 product specifications, primarily serving sectors such as construction, automotive lightweighting, and consumer electronics[35]. - The company is focused on risk control and customer management to stabilize its market position amid rising raw material costs and supply chain challenges[31]. Financial Management - The company completed the transfer of 51.38% equity in Chang'ao Sports, receiving a total transaction price of RMB 129 million[41]. - Financial expenses decreased by 63.30% to RMB -328,110.21 due to reduced bank borrowings[41]. - The company’s investment activities generated a net cash outflow of RMB -24,028,673.47, a decrease of 72.21% year-on-year[41]. - The company reported a significant increase in aluminum profile raw material costs, amounting to RMB 84,704,607.56, which represents 21.85% of total costs, up 34.17% from RMB 63,133,973.99 in the previous year[51]. - The company’s total financing cash flow was RMB -17,176,923.87, a decline of 153.32% compared to the previous year[41]. - The company reported a significant decrease in prepaid expenses, down 35.92% to ¥5,207,125.18 from ¥8,125,903.1[62]. - The company has a structured deposit with a principal of 1 million RMB, yielding an annualized return of 1.56%[148]. - The company has non-principal guaranteed floating income deposits amounting to 1.5 million RMB, with expected returns between 3.5% and 4.0%[148]. - The company has a total of 5 million RMB in non-principal guaranteed floating income deposits, with an annualized return of 4.35% that is yet to mature[148]. Strategic Development - The company plans to actively pursue strategic development in emerging industries and prepare for quality asset acquisitions to enhance its business layout[77]. - The company aims to enhance its sustainable operating capacity and stabilize the development of existing assets, with a focus on optimizing product structure and expanding market scale in the aluminum processing and trading business[76]. - The company is committed to optimizing its supply chain and expanding sales markets while focusing on product structure optimization and safety production standards[77]. - The company is focusing on developing new products, such as aluminum profiles for police equipment, to achieve breakthroughs in structural adjustments[76]. - The company is exploring potential mergers and acquisitions to diversify its portfolio and enhance shareholder value[91]. Corporate Governance - The board of directors approved a proposal for a share buyback program worth 100 million to enhance shareholder value[84]. - The company has established an internal control system to manage related party transactions and ensure compliance and risk control[113]. - The internal control audit for 2021 was conducted by Lixin Accounting Firm, resulting in a standard unqualified opinion[115]. - The company has made efforts to improve the presence of independent directors and ensure compliance with relevant guidelines[116]. - The company has a comprehensive management structure with clear roles for directors, supervisors, and senior management[95]. - The company follows a performance-based compensation system for its directors and senior management, linking remuneration to the completion of annual operational targets[95]. - The company has experienced changes in its board, with two directors resigning due to personal reasons and two new directors being elected[96]. Market Conditions - The aluminum processing industry is transitioning from quantity to quality, facing challenges from carbon neutrality goals and trade frictions[34]. - The aluminum ingot prices have risen significantly since early 2022, increasing cost pressures on downstream enterprises and squeezing profit margins[74]. - The overall economic environment remains challenging, with a need for the company to adapt to market conditions and enhance operational resilience[75]. - The Chinese aluminum industry is transitioning towards high efficiency and low energy consumption, with policies promoting green and low-carbon development[73]. Compliance and Risk Management - The company actively monitors environmental compliance, ensuring that pollutants are discharged within legal limits and promoting clean production practices[119]. - The company is under pressure to comply with environmental regulations, as any failure to meet standards could lead to penalties and impact operations[79]. - The company committed to not using its controlling position to harm the legitimate rights and interests of other shareholders[125]. - The company will avoid or minimize related party transactions and ensure fair and reasonable transaction conditions for unavoidable transactions[126].