NBMC(SH:600798)2022-04-27 16:00Financial Performance - In 2021, the company achieved a net profit attributable to shareholders of CNY 314,899,435.65, representing an increase of 89.44% compared to CNY 166,227,910.28 in 2020[5]. - The company's operating revenue for 2021 was CNY 2,343,658,471.62, reflecting a growth of 2.70% from CNY 2,282,106,616.54 in 2020[22]. - The net cash flow from operating activities increased by 67.40% to CNY 892,648,528.99 in 2021, up from CNY 533,247,010.80 in 2020[22]. - The total assets of the company at the end of 2021 were CNY 7,231,547,573.56, a slight increase of 1.57% from CNY 7,119,634,136.55 at the end of 2020[22]. - The net assets attributable to shareholders increased by 6.65% to CNY 3,871,204,412.54 at the end of 2021, compared to CNY 3,629,777,140.15 at the end of 2020[22]. - The company reported a net profit excluding non-recurring gains and losses of CNY 194,742,731.04, which is an increase of 38.66% from CNY 140,449,275.70 in 2020[22]. - Basic earnings per share increased by 89.4% to CNY 0.2610 compared to CNY 0.1378 in the previous year[23]. - The weighted average return on equity rose to 8.42%, an increase of 3.76 percentage points from the previous year[23]. - The company achieved a total cargo volume of 37.48 million tons, a decrease of 15.40% compared to the previous year[44]. - The revenue from waterway cargo transportation was 1,812.95 million yuan, down 3.51% year-on-year[46]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.80 per 10 shares, totaling an expected distribution of CNY 96,522,736.08[5]. - The company does not plan to implement stock dividends or capital reserve transfers in the current profit distribution proposal[5]. - The total distributable profit for shareholders at the end of 2021 was 741,439,082.19 CNY, indicating a strong financial position[139]. Operational Efficiency and Risk Management - The company faces operational risks related to maritime activities, including adverse weather and mechanical failures, which could impact normal operations[7]. - The company has implemented a safety management system and various insurance policies to mitigate operational risks[7]. - The company successfully implemented a budget management system to control financial expenses and optimize funding management[44]. - The company maintained a focus on energy supply security, optimizing capacity allocation and enhancing operational efficiency[31]. - The company is addressing risks related to macroeconomic challenges and transportation price fluctuations by enhancing market research and adjusting operational strategies[92][93]. Investments and Acquisitions - The company successfully acquired a 6.6662% stake in a green energy fund, enhancing its investment in the green energy sector[31]. - The company disposed of old vessels, generating significant gains, contributing to asset preservation and value enhancement[31]. - The company plans to build three new 50,000-ton bulk carriers, ensuring ongoing fleet modernization[31]. - The company is transitioning towards a diversified energy transportation service model, moving beyond traditional coal transport to include refined oil transportation[96]. Corporate Governance and Compliance - The company held 3 shareholder meetings, 6 board meetings, and 5 supervisory board meetings during the reporting period, ensuring compliance with regulations and protecting minority shareholders' rights[99]. - The company maintained compliance with the Corporate Governance Code, with no significant discrepancies noted[102]. - The company’s governance structure was recognized with the "Golden Quality" Corporate Governance Award in 2021[99]. - The company has established a comprehensive internal control system covering various operational aspects, including financial management and risk management, with no significant deficiencies reported in financial reporting controls[144]. Environmental and Safety Initiatives - The company has not faced any administrative penalties related to environmental issues and adheres to strict safety and pollution management protocols[149]. - The company’s safety management system has been certified by the maritime authority, ensuring compliance with safety and environmental regulations[150]. - The company is actively adapting to the "30·60" carbon reduction goals, implementing a comprehensive energy management system focused on technical, operational, and managerial energy savings[151]. - The company is committed to reducing fuel consumption through the application of advanced energy-saving technologies and exploring clean energy power systems[153]. Future Outlook and Strategic Plans - The company anticipates a 2% growth in coastal dry bulk shipping demand in 2022, with a capacity growth of approximately 3%[82]. - The company expects the global dry bulk shipping market to experience moderate growth in 2022, although freight rates are not anticipated to be as strong as in 2021[81]. - The company plans to increase cargo transportation volume to 41.50 million tons and turnover to 79.31 billion ton-kilometers in 2022[88]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 100 million allocated for potential deals[116]. Employee Development and Training - The company organized 475 training sessions for talent development during the reporting period[34]. - The company has implemented a performance assessment system that includes a 360-degree evaluation model to ensure fairness and effectiveness in employee performance reviews[134]. - The company has established a competitive salary policy for employees, focusing on performance-based compensation to incentivize value creation[133].