SHHDKJ(SH:603192)2022-04-19 16:00Financial Performance - The company's operating revenue for 2021 was CNY 3,191,417,631.67, representing a 113.09% increase compared to CNY 1,497,717,810.42 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 117,757,909.75, a decrease of 5.20% from CNY 124,220,223.59 in 2020[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 112,811,662.37, down 5.67% from CNY 119,591,342.26 in 2020[21]. - The net cash flow from operating activities increased by 58.79% to CNY 256,956,040.76 in 2021, compared to CNY 161,823,355.79 in 2020[21]. - The total assets at the end of 2021 were CNY 2,564,694,617.40, a 27.37% increase from CNY 2,013,587,523.71 at the end of 2020[21]. - The net assets attributable to shareholders increased by 5.88% to CNY 1,367,115,627.40 at the end of 2021, compared to CNY 1,291,238,911.78 at the end of 2020[21]. - Basic earnings per share decreased by 5.17% to 1.10 RMB per share compared to 2020[23]. - The weighted average return on equity fell to 8.87%, down 1.09 percentage points from the previous year[23]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of CNY 3.35 per 10 shares (including tax) and to increase capital by converting reserves, with a proposal to convert 3 shares for every 10 shares held[6]. - The total pre-tax remuneration for the board members and senior management in 2021 amounted to CNY 7.804 million, with no changes in shareholding for the year[113]. - The company has maintained a consistent shareholding structure, with 24 million shares held by a board member, showing no increase or decrease during the reporting period[113]. - The chairman and general manager, Qian Jianzhong, received a pre-tax remuneration of CNY 1.331 million for the year[113]. Operational Performance - The company achieved a total revenue of 3.191 billion RMB in 2021, representing a year-on-year growth of 113.09%[33]. - The company completed the technical transformation plan for the "annual production of 180,000 tons of polyurethane resin and its modified body project" and received approval for the project[33]. - The company maintained a stable operational performance with no safety production accidents reported[33]. - The company optimized its production and management model, transitioning to a unified sales approach through "Hui De Resin Sales Company"[33]. - The company achieved a revenue of CNY 3,191,417,631.67 in 2021, representing a year-on-year growth of 113.09%[48]. Research and Development - The company continued to invest in R&D, focusing on high-end customization and expanding product applications, including environmentally friendly solvent-free resins and various polyurethane materials for automotive and new energy applications[36][37]. - Research and development expenses accounted for over 3.5% of operating income for the past three years, with 14 invention patents applied for during the reporting period[45]. - The company has 108 R&D personnel, making up 14.77% of the total workforce[63]. - The company emphasizes the development of new products and technologies as a key to maintaining competitive advantage[65]. Environmental and Safety Compliance - The company emphasizes safety and environmental protection, achieving recognition as one of Shanghai's first green factories, and has implemented comprehensive safety and environmental training for employees[38]. - The company is classified as a key pollutant discharge unit, complying with local environmental standards for wastewater discharge[138]. - The company has implemented a strict internal control system, with no significant deficiencies reported during the evaluation period[133]. - The company has a wastewater treatment capacity of 200 tons per day, utilizing a chemical precipitation method combined with secondary deep treatment[141]. Market and Industry Trends - The polyurethane market demand and product prices showed significant growth in 2021, with upstream raw material prices rising sharply, impacting the sales prices of polyurethane products[41]. - The company is positioned to benefit from the rapid development of leather polyurethane in the automotive sector, particularly with the rise of new energy vehicles[42]. - The company anticipates that the "dual carbon" goals will create new opportunities and challenges for the fine chemical industry, pushing the market towards green, low-energy, and innovative enterprises[42]. Financial Management and Investments - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not recognized any impairment provisions for entrusted financial management or loans[180]. - The company has a total of 11,000,000 RMB in entrusted financial management, with no overdue amounts reported[176]. - The company has a structured salary system that includes performance-based pay, ensuring competitiveness and fairness in compensation[127]. Corporate Governance - The board of directors has emphasized the importance of risk awareness regarding future plans and uncertainties in the annual report[7]. - The company has established specialized committees, including the audit committee, nomination committee, compensation and assessment committee, and strategy committee[121]. - The management team has remained stable, with no changes in key positions during the reporting period[115]. - The company has not reported any objections from directors regarding company matters during the reporting period[121].