NBTP(SH:600982)2022-04-18 16:00Financial Performance - The net profit attributable to shareholders for 2021 was CNY 473,599,987.79, with the parent company achieving a net profit of CNY 107,847,813.07[6] - The proposed cash dividend distribution is CNY 1.7 per 10 shares, amounting to a total of CNY 190,020,595.87, which represents 40.12% of the net profit attributable to shareholders for 2021[6] - The company extracted 10% of the net profit as statutory reserve, totaling CNY 10,784,781.31[6] - The undistributed profit at the beginning of the year was CNY 248,689,308.72, after deducting the 2020 dividend of CNY 150,898,708.49, the distributable profit at the end of the period was CNY 194,853,631.99[6] - The company's adjusted earnings per share (EPS) increased by 79.19% to CNY 0.4358 in 2021 from CNY 0.2432 in 2020[25] - Total revenue for 2021 reached CNY 6.91 billion, representing a 27.64% increase compared to CNY 5.42 billion in 2020[25] - Net profit attributable to shareholders rose by 82.09% to CNY 473.60 million in 2021 from CNY 260.09 million in 2020[25] - The weighted average return on equity (ROE) improved by 5.25 percentage points to 12.52% in 2021 from 7.27% in 2020[25] - The net cash flow from operating activities decreased by 70.01% to CNY 93.63 million in 2021 from CNY 312.18 million in 2020[25] - Non-recurring gains totaled CNY 309.67 million in 2021, significantly higher than CNY 96.78 million in 2020[30] - The company achieved a total operating revenue of 6,913,740,982.55 RMB, representing a year-on-year increase of 27.64%[52] - The net profit attributable to shareholders reached 47,360,000 RMB, marking an 82.09% increase compared to the previous year[51] Acquisitions and Investments - The company completed the acquisition of 100% equity in Ningbo Mingzhou Biomass Power Generation Co., Ltd. and Ningbo Energy Group Material Distribution Co., Ltd. during the reporting period[26] - The company has acquired 100% equity in Mingzhou Biomass and 100% equity in Material Distribution, enhancing investment returns and industry scale[41] - The company has invested 12,121.164 million in Ningbo Ningneng Huicheng Venture Capital Partnership during the reporting period[88] - The cash acquisition of 100% equity in Ningbo Mingzhou Biomass Power Co., Ltd. and Ningbo Energy Group Material Distribution Co., Ltd. totaled 148.39 million[87] - The company acquired a 20% stake in Zhoushan Huatai Petroleum Co., Ltd. as part of its investment strategy on December 7, 2021[128] - The company has a total of 9.2556% equity in Tianjin Chuangye Environmental Protection Group Co., Ltd. as of November 11, 2021[88] Operational Efficiency and Strategy - The company aims to enhance operational efficiency through equipment upgrades and optimization measures, leading to improved profitability[37] - The company is focusing on low-carbon and zero-carbon projects, including biomass energy and wind power, as part of its strategic transformation towards comprehensive energy[36] - The company is focusing on diversifying its energy sources, including biomass, hydropower, and wind energy, to strengthen its competitive advantage[49] - The company is actively involved in the energy trading sector by investing in the Zhejiang Electric Power Trading Center[41] - The company is focused on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[116] - The company plans to continue its strategic investments and potential acquisitions to drive growth in the upcoming fiscal year[116] Research and Development - Research and development expenses surged by 894.46% to 32,652,067 RMB, reflecting a strong commitment to technological innovation[52] - The company has established partnerships with leading technology teams, including China Huaneng Group and Ningbo Nottingham University, to enhance its technological capabilities[51] - The number of R&D personnel is 70, accounting for 5.99% of the total workforce, with a focus on smart power plants and energy efficiency[67] - The company is advancing projects in smart power plants, dual heating and cooling supply, flue gas treatment, and biomass boiler technology[68][70] Environmental Commitment - The company has made significant investments in environmental protection, with specific measures in place to control emissions of pollutants such as nitrogen oxides and sulfur dioxide[155] - The company has reported total emissions of 180 tons/year for nitrogen oxides and 125 tons/year for sulfur dioxide, adhering to environmental standards[155] - The company achieved a sulfur dioxide emission level of 17.58 mg/m³, which is below the regulatory limit of 35 mg/m³, translating to an annual emission of 103.25 tons[158] - Nitrogen oxide emissions were recorded at 32.31 mg/m³, also below the limit of 50 mg/m³, with an annual emission of 147.5 tons[158] - The company has established emergency response plans for environmental incidents, which have been filed with local environmental authorities[162] - The company has implemented a self-monitoring scheme for environmental compliance, adhering to national standards and involving third-party monitoring[163] Corporate Governance and Management - The company has maintained a stable shareholding structure among its senior management, with no changes in shareholdings reported during the period[115] - The company has a structured compensation decision process for directors and senior management based on performance evaluations and annual audit reports[124] - The company’s management team includes individuals with extensive experience in various sectors, enhancing its operational capabilities[121] - The company has strategic roles filled by executives who also serve in significant positions within affiliated entities, indicating a strong interconnected management structure[122] - The company emphasizes internal management and operational efficiency as key factors in its strategic planning and performance assessment[124] Risk Management - The company has detailed various risks and countermeasures in the management discussion and analysis section of the report[9] - The company faces risks from macroeconomic fluctuations, policy changes, market volatility, and operational challenges related to raw material prices[107] - The company emphasizes the uncertainty of forward-looking statements and advises investors to be aware of investment risks[7] Shareholder Information - The total number of shares held by the chairman, Ma Yifei, remained unchanged at 670,900 shares, with a pre-tax remuneration of 742,700 CNY[115] - The total number of shares held by the general manager, Zhu Nanhu, also remained unchanged at 533,400 shares, with a pre-tax remuneration of 737,500 CNY[115] - The total remuneration for all listed directors and senior management amounted to 3,827,700 CNY, with an average pre-tax remuneration of approximately 512,640 CNY[117] Internal Control and Compliance - The internal control system has been continuously improved and refined, achieving the expected goals of internal control and safeguarding the interests of the company and all shareholders[150] - The internal control audit report issued by Tianheng Accounting Firm provided a standard unqualified opinion, confirming the effectiveness of the internal control system[152] - The company has established a robust internal control management system in compliance with relevant laws and regulations, ensuring legal compliance and asset security[150] Related Party Transactions - The total amount of related party transactions for the year was 98.15 million RMB, an increase from 54.22 million RMB in the previous year[183] - The company’s related party transactions included RMB 1.67 million for management services from Qianjiang Handan Thermal Power, representing 25.80% of similar transactions[186] - The company’s total related party transactions for steam sales amounted to RMB 1.12 million, accounting for 0.08% of similar transactions[185]