钱江生化(600796) - 2021 Q4 - 年度财报

Financial Performance - In 2021, the company achieved a net profit attributable to shareholders of the parent company amounting to ¥147,938,274.20, while the parent company realized a net profit of ¥4,191,034.11[6] - The company reported a total distributable profit of ¥200,207,320.93 at the end of 2021 after accounting for the legal surplus reserve and previous undistributed profits[6] - The company achieved an operating revenue of RMB 2.03 billion in 2021, representing a year-on-year increase of 7.55% compared to RMB 1.89 billion in 2020[23] - The net profit attributable to shareholders was RMB 147.94 million, a significant increase of 53.88% from RMB 96.14 million in the previous year[23] - The company reported a net cash flow from operating activities of RMB 368.65 million, up 13.99% from RMB 323.40 million in 2020[23] - The total assets increased to RMB 6.49 billion, reflecting a growth of 17.85% compared to RMB 5.51 billion at the end of 2020[23] - The company achieved a total revenue of 2,030.9 million RMB in 2021, representing a 7.55% increase compared to the previous year[79] - The gross profit margin improved to 22.93%, an increase of 5.99 percentage points compared to the previous year[85] Dividend and Profit Distribution - The proposed cash dividend for 2021 is ¥1.00 per 10 shares, totaling ¥86,658,576.60 to be distributed to shareholders[6] - The company plans to carry forward the remaining undistributed profits to future years, with no capital reserve conversion or bonus shares proposed for this year[6] - The company has not proposed a cash profit distribution plan for the year, despite having positive distributable profits[193] - The company’s cash dividend policy stipulates that cumulative cash distributions over the last three years should not be less than 30% of the average annual distributable profits[193] Asset Restructuring - The company completed a significant asset restructuring by acquiring 100% equity of Haiyun Environmental Protection and 40% equity stakes in Shichuang Water, Shikang Water, and Green Movement Haiyun, with the transaction finalized in December 2021[9] - The company completed a major asset restructuring in 2021, acquiring 100% equity of Haiyun Environmental and 40% equity stakes in Shichuang Water, Shikang Water, and Green Dong Haiyun from Haining Water Group and Yunnan Water[99] - The company completed the transfer of equity and registration procedures for the major asset restructuring approved by the China Securities Regulatory Commission[148] Research and Development - The company completed one national invention patent and two provincial new product applications, receiving authorization for two invention patents, demonstrating its commitment to R&D[39] - Research and development expenses increased by 72.01% to 32.03 million RMB, primarily due to increased investments in subsidiaries[79] - The company has developed core patented technologies in wastewater treatment and solid waste disposal, enhancing its competitive edge[71] - The company completed the research and optimization of new pesticide formulations, including 5.0% Abamectin and 24% Imazalil, moving towards large-scale production[112] - The company is focusing on the development of environmentally friendly pesticide formulations to meet market demands and enhance product competitiveness[112] Market Expansion and Sales - The company achieved a new growth in sales revenue by optimizing sales assessment management and expanding into non-agricultural sectors such as landscaping and greening[38] - The company is actively promoting the use of plant growth regulators, which are characterized by low cost and high effectiveness, contributing to agricultural productivity[50] - The company is focusing on the development of green and efficient biopesticides, aligning with national agricultural modernization goals[49] - The company is leveraging innovation platforms and partnerships with research institutions to accelerate product structure adjustments and industry upgrades[77] - The company plans to expand its market presence and enhance its product offerings in the upcoming year[87] Operational Efficiency and Cost Management - The company has implemented measures to control raw material procurement costs amid rising prices, ensuring effective management of production costs[37] - The company has successfully reduced operational costs by 8% through efficiency improvements[173] - The company is actively responding to raw material price fluctuations by increasing the number of qualified suppliers and adjusting procurement cycles[139] - The company has established a strict supplier evaluation and assessment system, ensuring multiple qualified suppliers for key materials[67] Corporate Governance - The company has strengthened its corporate governance by revising 21 governance systems, enhancing operational standards and accountability[42] - The company has established a comprehensive governance structure, complying with relevant laws and regulations, and has improved internal control systems[163] - The internal control audit report issued by Tianjian Accounting Firm confirmed that the company maintained effective financial reporting internal controls as of December 31, 2021[200] - The company has implemented a risk prevention-oriented management approach, enhancing the effectiveness of internal control execution and management[198] Challenges and Risks - The company faced challenges such as rising raw material costs and energy consumption controls but continued to focus on market expansion and product innovation[36] - The company is facing risks related to rising raw material prices, which could impact production costs and profitability[155] - The company faces increased environmental protection costs due to stricter regulations, which may impact financial performance[157] - The competitive landscape in the environmental services industry is intensifying, with larger firms leveraging capital advantages, potentially increasing pressure on smaller competitors[158] Employee Development - The total number of employees in the parent company and major subsidiaries is 1,532, with 425 in the parent company and 1,107 in subsidiaries[188] - The company conducted 414 external training sessions and over 4,280 internal training sessions in 2021 to enhance employee skills and safety awareness[191] - The company has established a vocational skills evaluation system to assess employee skills and reward high-performing employees monthly[191] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[173] - New product launches are expected to contribute an additional 300 million in revenue in the upcoming year[174] - The company aims to achieve a revenue target of 2.1 billion yuan in 2022, although this does not constitute a profit forecast or commitment to investors[154]