白银有色(601212) - 2021 Q4 - 年度财报

Financial Performance - In 2021, the company achieved a net profit attributable to shareholders of 81.74 million yuan, representing a 12.02% increase compared to 2020[20]. - The company's operating revenue for 2021 was approximately 72.28 billion yuan, an increase of 17.68% from 2020[20]. - The net cash flow from operating activities decreased by 32.19% to approximately 1.48 billion yuan in 2021[21]. - The total assets of the company at the end of 2021 were approximately 45.65 billion yuan, a decrease of 1.83% from the end of 2020[21]. - The net assets attributable to shareholders decreased by 6.71% to approximately 14.23 billion yuan at the end of 2021[21]. - Basic earnings per share increased by 10% to CNY 0.011 in 2021 compared to CNY 0.01 in 2020[22]. - The weighted average return on equity rose to 0.53% in 2021 from 0.5% in 2020, reflecting a slight improvement[22]. - The company reported a total revenue of CNY 20,375,459,050 in Q4 2021, marking a significant increase from previous quarters[24]. - The net profit attributable to shareholders in Q3 2021 was CNY 89,869,828, a recovery from a loss of CNY 71,688,958 in Q2 2021[24]. - The company reported a significant increase in revenue from other sectors, with a growth rate of 210.34%[77]. Profit Distribution - The company plans to distribute profits amounting to approximately 25.18 million yuan, which is 30.80% of the net profit attributable to shareholders for the year[4]. - The profit distribution plan is subject to approval at the company's shareholders' meeting[4]. - The company distributed a cash dividend of 0.03 yuan per 10 shares, totaling 22,214,323.53 yuan, which represents 30.44% of the net profit attributable to the parent company for the year[179]. - The cash dividend policy stipulates that at least 10% of the distributable profit for the year must be distributed in cash[179]. - The company’s profit distribution policy emphasizes reasonable returns to investors while ensuring sustainable development[177]. Production and Operations - The company's production of copper, lead, zinc, and molybdenum metals reached 242,000 tons in 2021, an increase of 49,600 tons or 25.78% year-on-year[33]. - The smelting system produced a total of 570,300 tons of copper, lead, and zinc products, up by 20,200 tons or 3.67% compared to the previous year[34]. - The production of cathode copper was 186,100 tons, an increase of 2,800 tons or 1.5% year-on-year[34]. - The company achieved an increase in lead production by 43,000 tons or 28.5% year-on-year due to an increase in the number of electrolytic lead slots[34]. - The total output of refined copper, lead, zinc, and molybdenum metals reached 242,000 tons, with refined copper at 48,300 tons, zinc at 172,500 tons, lead at 21,000 tons, and molybdenum at 216 tons[69]. Research and Development - In 2021, the company undertook 67 key technology research and development projects, resulting in 19 various technology awards[37]. - Research and development expenses surged by 106.13% to ¥62.71 million, reflecting the company's commitment to innovation[71]. - The company has applied for 217 patents in 2021, with 92 being invention patents, accounting for 42.4% of the total[54]. - The company is focused on enhancing innovation capabilities and establishing a stable growth mechanism for R&D investment[126]. Environmental Responsibility - The company paid an environmental tax of 3.221 million yuan in 2021, in compliance with local regulations[40]. - The company actively manages environmental responsibilities, implementing a tiered supervision and clear accountability system for pollution control[189]. - The company has implemented a green and low-carbon sustainable development model, integrating environmental safety with stable production[189]. - The company has established a comprehensive environmental management system to address environmental risks and enhance pollution control measures[189]. Market and Competitive Position - The company ranked 333rd among the top 500 manufacturing enterprises in China and 22nd among the top 50 non-ferrous metal companies by revenue[48]. - The company's market share in domestic copper, lead, and zinc reached 2.6%, 0.3%, and 4.3% respectively, indicating strong competitive positioning[64]. - The average price of LME-3M copper in 2021 was $9,293.5 per ton, a 50% increase compared to the average price in 2020[46]. - The average price of LME-3M zinc in 2021 was $3,005.9 per ton, reflecting a year-on-year increase of 31.90%[46]. Strategic Initiatives - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[106]. - The company aims to utilize risk hedging tools such as futures and options to mitigate the adverse effects of price fluctuations on its operational goals[131]. - The company is committed to green manufacturing in response to increasing environmental pressures and national carbon neutrality goals, focusing on energy-saving and environmentally friendly technologies[130]. - The company plans to enhance its procurement strategy by increasing the proportion of domestic and foreign mining purchases and signing long-term strategic cooperation agreements to ensure stable supply[131]. Governance and Management - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations, ensuring effective decision-making and oversight[134]. - The company emphasizes investor relations by maintaining communication through various channels to enhance understanding and protect shareholder rights[136]. - The company has undergone several changes in its board and supervisory committee, indicating a focus on governance and leadership stability[159]. - The company held four temporary shareholder meetings in 2021, with key proposals including the approval of the 2021 annual guarantee plan and the "14th Five-Year" development plan[137][138]. Employee Engagement and Compensation - The company reported a total of 14,853 employees, with 8,664 in the parent company and 6,189 in major subsidiaries[172]. - The employee composition includes 10,952 production personnel, 1,321 technical personnel, and 2,250 administrative personnel[172]. - The total compensation for the company's executives amounted to 746.87 million, with a significant portion of 68.92 million allocated for performance bonuses[142]. - The company has seen a consistent increase in employee engagement, with a notable 4.91 million in employee-related expenses[142].