永吉股份(603058) - 2021 Q4 - 年度财报

Dividend Policy - The company plans to distribute a cash dividend of 2.5 yuan per 10 shares, totaling 103.7 million yuan, based on the total share capital after deducting repurchased shares[5] - The company will not distribute cash dividends or increase capital reserves through stock conversion for the current period, aligning with its operational needs and development strategy[5] - The company has a cash dividend policy that mandates a minimum of 20% of the distributable profit to be distributed in cash if conditions are met[143] - In mature stages without major capital expenditure plans, the cash dividend proportion should be at least 80% of the profit distribution[144] - The company’s cash dividend conditions include a positive distributable profit and an unqualified audit report for the financial statements[144] - The company actively communicates with minority shareholders to gather their opinions on profit distribution plans[145] Financial Performance - In 2021, the company's operating revenue was CNY 435.98 million, a decrease of 0.65% compared to 2020[22] - The net profit attributable to shareholders was CNY 137.58 million, down 12.95% from the previous year[22] - The net profit after deducting non-recurring gains and losses was CNY 23.40 million, a significant decline of 71.26% year-on-year[24] - The net cash flow from operating activities was CNY 36.70 million, a decrease of 76.05% compared to 2020[22] - The company's total assets increased by 10.78% year-on-year, reaching CNY 1.68 billion by the end of 2021[22] - The basic earnings per share were CNY 0.33, reflecting a decrease of 13.16% from the previous year[23] - The gross profit margin for the year was 28.11%, with operating costs rising by 12.23% due to fluctuations in raw material prices[62] - The company achieved total revenue of CNY 435.98 million in 2021, a decrease of 0.65% compared to the previous year[61] Business Segments - The company’s wine label business grew approximately 117% year-on-year, while the cigarette label sales revenue decreased by about 15% due to price adjustments[24] - Revenue from the cigarette label business was 298.32 million yuan, a decline of 14.88% year-on-year, while revenue from the wine label business increased by 117.48% to 94.19 million yuan[35] - The company developed and sampled 148 new wine label products in 2021, with over 50% of them successfully entering production[52] - The company invested 40 million AUD to build a modern cannabis cultivation and processing center, now the largest medical cannabis base in the Southern Hemisphere[54] - The revenue from the medical cannabis segment was approximately $1.77 million, with a gross margin of 43.87%, showing a significant decline of 62.47% compared to the previous year[66] Research and Development - The company invested 31,039,191.66 yuan in R&D, representing a year-on-year increase of 46.81%[37] - The company designed and sampled 30 design schemes for major clients, with several products already launched in the market[36] - The company has submitted patents for new designs and optimizations in its product development process[56] - Research and development expenses increased by 46.81% to CNY 31.04 million, reflecting a commitment to innovation[62] Market Expansion and Strategy - The company plans to expand into the industrial hemp sector, focusing on plant-based protein and hemp core materials[40] - The company aims to enhance its competitiveness by optimizing product structure and expanding its customer base[39] - The company is actively pursuing market opportunities in the high-end liquor packaging sector, responding to government policies and consumer trends[103] - The company is focused on expanding its market presence in regions like Hubei, Zhejiang, and Yunnan for tobacco label printing, aiming for increased order share[102] - The company plans to leverage its resources and capital advantages to diversify its product offerings and reduce client concentration risks[100] Governance and Compliance - The board of directors and management guarantee the authenticity, accuracy, and completeness of the annual report[10] - The company has established a governance structure to enhance decision-making and compliance with legal regulations[153] - The company has established specialized committees under the board, including audit, nomination, compensation and assessment, and strategy committees[116] - The company has not encountered significant differences in governance compared to regulations set by the China Securities Regulatory Commission[117] - The company has a mechanism to deduct cash dividends from shareholders who improperly occupy company funds[147] Environmental and Safety Practices - The company has implemented measures to treat wastewater and emissions, ensuring compliance with environmental standards[157] - The company has established a comprehensive emergency response plan for environmental pollution incidents, which has been filed with local environmental authorities[162] - The company conducts quarterly monitoring of wastewater discharge, focusing on parameters such as COD, BOD5, and total phosphorus[169] - The company has a zero discharge policy for wastewater, with the main source of wastewater being domestic sewage[169] - The company has implemented safety measures for hazardous waste management, including strict adherence to national regulations and designated management personnel[162] Shareholding Structure - The total number of ordinary shareholders as of the end of the reporting period is 22,612, an increase from 21,455 at the end of the previous month[190] - The largest shareholder, Guizhou Yongji Holdings Co., Ltd., holds 172,566,200 shares, representing 41.18% of the total shares, with 111,810,000 shares pledged[192] - The total number of shares held by the top ten shareholders is 290,000,000, which constitutes a significant portion of the company's equity[192] - The company has a repurchase account holding 4,258,000 shares, representing 1.02% of the total share capital[193] - The cumulative pledged shares of the controlling shareholder or the largest shareholder and their concerted actors do not exceed 80% of their holdings[199]