xinyaqiang(SH:603155)2022-03-30 16:00Financial Performance - The company's operating revenue for 2021 was CNY 879,996,006.51, representing a 79.47% increase compared to CNY 490,329,112.07 in 2020[22]. - Net profit attributable to shareholders for 2021 reached CNY 319,444,551.13, a 103.03% increase from CNY 157,336,401.16 in 2020[22]. - The net profit after deducting non-recurring gains and losses was CNY 291,373,246.30, up 118.96% from CNY 133,073,660.69 in 2020[22]. - The company's total assets increased by 19.05% to CNY 2,505,486,058.34 at the end of 2021, compared to CNY 2,104,591,662.00 at the end of 2020[22]. - Basic earnings per share for 2021 were CNY 2.05, a 69.42% increase from CNY 1.21 in 2020[23]. - The weighted average return on equity rose to 15.38% in 2021, an increase of 1.16 percentage points from 14.22% in 2020[23]. - The net cash flow from operating activities for 2021 was CNY 190,468,110.19, a 24.03% increase from CNY 153,571,836.86 in 2020[22]. - The company reported a quarterly revenue of CNY 246,618,333.67 in Q4 2021, showing consistent growth throughout the year[25]. - The company's net assets attributable to shareholders increased by 11.89% to CNY 2,200,437,881.45 at the end of 2021, up from CNY 1,966,551,330.32 at the end of 2020[22]. Dividend and Capital Management - The company plans to distribute a cash dividend of 10.00 RMB per 10 shares, totaling 155,560,000.00 RMB (including tax) based on a total share capital of 155,560,000 shares[6]. - The company will also increase capital reserves by issuing 4.5 additional shares for every 10 shares held by shareholders[6]. - The company approved a cash dividend of 10.00 CNY per 10 shares, totaling 155,560,000.00 CNY, which represents 48.70% of the net profit attributable to shareholders for the year 2021[130]. Audit and Compliance - The company has received a standard unqualified audit report from Zhongshun Zhonghuan Accounting Firm[5]. - The audit report confirms that the financial statements of Xinyaqiang Silicon Chemical Co., Ltd. fairly reflect its financial position as of December 31, 2021, in accordance with accounting standards[200]. - The audit opinion indicates that the financial statements are free from material misstatement and provide a true and fair view of the company's financial results[200]. - The company is committed to adhering to enterprise accounting standards in its financial reporting[200]. - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations[98]. Research and Development - The company added 19 new authorized patents during the reporting period, contributing to sustainable high-quality development[32]. - The company’s R&D efforts led to the establishment of a new research center in Shanghai, enhancing innovation capabilities[38]. - R&D expenses increased by 56.16% to CNY 28,158,869.81, representing 3.20% of total operating revenue[54]. - The company is actively expanding its product lines in the organic silicon industry, focusing on high-end applications[38]. - The company is committed to strengthening collaboration with universities and research institutions to enhance the relevance and foresight of product development[91]. Market and Competitive Position - The company’s market share for key products has further increased, particularly in high-growth sectors such as new energy and new materials[33]. - The company faces intensified market competition due to the rapid growth of domestic organic silicon enterprises and potential price declines[92]. - The company anticipates continued rapid growth in product prices and market demand due to the expansion of strategic emerging industries such as new energy vehicles and 5G technology[89]. - The company is a leading manufacturer in the organic silicon functional additives and phenyl chlorosilane products sector, with strong market competitiveness and recognition from international giants[66]. Environmental and Social Responsibility - The company has obtained ISO 14001:2015 certification for its environmental management system, emphasizing its commitment to environmental protection[94]. - The company has established a wastewater treatment system that complies with discharge standards, utilizing MVR evaporation and biochemical treatment processes[139]. - The company actively fulfills its social responsibilities, focusing on integrity, compliance, safety, and environmental protection[146]. Investor Relations and Governance - The company emphasizes transparency in information disclosure, ensuring all shareholders have equal access to information[100]. - The company has established a dedicated department for daily investor relations management, ensuring compliance and transparency in investor communications[101]. - The company has conducted multiple shareholder meetings to discuss annual reports and financial decisions, ensuring shareholder engagement[102]. - The company has a structured approach to managing its investor relations, which is expected to enhance governance and maximize overall corporate benefits[101]. Financial Management and Investments - The company has engaged in wealth management with a total investment of RMB 367,700,000, including RMB 153,200,000 from self-owned funds and RMB 214,500,000 from raised funds[172]. - The company has a diversified investment strategy, utilizing both fixed income and floating income types in its financial management[180]. - The total amount of entrusted financial management by China Bank in 2021 reached CNY 20,500 million, with a minimum return type and an annualized yield of 1.50%[176]. - The actual return or loss for the entrusted financial management by China Bank was CNY 388.07 million, reflecting a loss of -3.97%[176]. Future Outlook - The company plans to enhance its production capacity and accelerate technological innovation in 2022, focusing on semiconductor, new energy, and high-end new materials applications[91]. - The company has set a performance guidance of 10% revenue growth for 2022, driven by new product launches and market expansion[107]. - The management team emphasized the importance of digital transformation, with a target of increasing online sales by 25%[107].