XJJW(SH:600888)2022-09-29 16:00Financial Performance - In 2021, the company achieved a total operating revenue of ¥8,225,544,266.08, representing a 43.88% increase compared to ¥5,717,109,694.39 in 2020[17] - The net profit attributable to shareholders of the listed company for 2021 was ¥853,042,091.77, a significant increase of 142.97% from ¥351,089,370.45 in 2020[17] - The net profit after deducting non-recurring gains and losses was ¥930,673,629.98, up 192.72% from ¥317,939,334.23 in the previous year[17] - The net cash flow from operating activities reached ¥688,439,373.73, an increase of 124.27% compared to ¥306,973,034.43 in 2020[17] - By the end of 2021, the net assets attributable to shareholders of the listed company were ¥6,840,709,765.68, a 42.30% increase from ¥4,807,141,443.75 at the end of 2020[17] - Total assets at the end of 2021 amounted to ¥13,947,114,662.58, reflecting a 19.06% increase from ¥11,713,868,702.45 in 2020[17] Dividend and Shareholder Returns - The company plans to distribute cash dividends of ¥1.90 per 10 shares, totaling ¥256,006,922.45, subject to shareholder approval[3] - The company reported a year-end retained earnings balance of ¥1,307,920,632.60 to be carried forward for future distribution[3] - The company does not plan to increase capital reserves for share distribution in 2021[3] - The company distributed cash dividends totaling 112,717,594.00 RMB, which represents 32.11% of the net profit attributable to shareholders for the year[141] - The company has implemented a cash dividend policy that emphasizes stable returns to shareholders, with a plan for continuous and sustainable profit distribution[141] Sales and Market Performance - Sales volume of electronic aluminum foil and electrode foil increased by 16.15% and 48.76% respectively, reaching 21,000 tons and 25.5794 million square meters[27] - In 2021, the sales revenue of the company's electrode foil products reached 1.652 billion yuan, a year-on-year increase of 56.77%, with a sales volume of 25.5794 million square meters, up 48.76%[45] - The sales revenue of electronic aluminum foil products was 817 million yuan, reflecting a year-on-year growth of 26.45%, with a sales volume of 21,100 tons, an increase of 16.15%[45] - The sales revenue of high-purity aluminum products amounted to 869 million yuan, marking a year-on-year increase of 27.91%, with a sales volume of 36,700 tons, up 2.92%[45] - The growth in sales volume and revenue for electrode foil, electronic aluminum foil, and high-purity aluminum is primarily driven by the increasing demand for aluminum foil materials in the new energy and consumer electronics markets[45] Production and Capacity - The company is focusing on expanding production capacity and adjusting product structure to meet the growing demand in the new energy sector[27] - The company is expanding its production capacity with a new project aimed at producing 15 million square meters of high-pressure high-performance aluminum foil annually[67] - The company has a production capacity of 180,000 tons for primary high-purity aluminum, 55,000 tons for high-purity aluminum liquid, 35,000 tons for electronic aluminum foil, and 23 million square meters for electrode foil[94] - The production model is based on an "order-based production" approach, aligning production with customer orders and operational plans[51] Research and Development - The company plans to enhance its R&D efforts in high-performance aluminum alloy products for various industries, including 5G communication and aerospace[28] - Total research and development expenses amounted to 50,183.34 million yuan, representing 6.10% of operating revenue[76] - The company has 421 R&D personnel, accounting for 16% of the total workforce[77] - R&D expenditure for the reporting period was CNY 50.18 million, with CNY 3.39 million classified as R&D expenses and CNY 46.79 million included in production costs[80] Environmental and Social Responsibility - The company implemented energy-saving projects that resulted in a total electricity savings of 40 million kWh/year and a reduction of over 11,000 tons of carbon dioxide emissions[158] - The company purchased 120 million kWh of renewable energy, saving 148,900 tons of standard coal and reducing carbon dioxide emissions by 739,000 tons[158] - The company has developed an emergency response plan for environmental incidents, which has been approved and filed with the environmental protection bureau[154] - The company actively promotes energy-saving processes in its production lines, contributing to the overall reduction of carbon emissions[158] - A total of CNY 24,200 was awarded in scholarships to impoverished students from 20 villages and Akbag Primary School[160] Corporate Governance and Compliance - The company is committed to maintaining a robust corporate governance structure to ensure compliance and protect shareholder rights[105] - The company held a total of 5 extraordinary general meetings and 1 annual general meeting during the reporting period, all of which were conducted legally and effectively[110] - The company has no recent penalties from regulatory bodies, indicating compliance with industry standards[126] - The company and its major shareholder maintained good integrity, complying with national laws and regulations, with no significant debts overdue[171] Strategic Initiatives and Future Outlook - The company plans to achieve a revenue of 9 billion yuan and control operating costs within 7.5 billion yuan for 2022[98] - The company aims to enhance its market share in high-performance aluminum alloy products, particularly in aerospace applications[97] - The company is focusing on expanding its market presence through value marketing and collaborative innovation with domestic and international clients[98] - The company will focus on technological innovation in energy conservation, new energy, and aerospace, targeting key technologies such as high-purity aluminum three-layer energy-saving technology and lightweight aluminum alloy materials for automobiles[99]