Financial Performance - In 2021, the company achieved a net profit of CNY 108,872,765.50, representing a 6.19% increase compared to CNY 102,526,540.95 in 2020[4] - The company's operating revenue for 2021 was CNY 4,143,517,844.62, a 34.81% increase from CNY 3,073,687,238.21 in 2020[21] - The net cash flow from operating activities was CNY 255,727,685.68, a significant recovery from a negative cash flow of CNY -185,491,203.66 in 2020[21] - The total assets of the company increased by 27.77% to CNY 6,768,254,555.01 at the end of 2021, compared to CNY 5,297,414,008.63 at the end of 2020[21] - The basic earnings per share for 2021 was CNY 0.38, an increase of 8.57% from CNY 0.35 in 2020[22] - The company reported a net profit of CNY 95,090,990.18 after deducting non-recurring gains and losses, which is a 22.51% increase from CNY 77,617,961.45 in 2020[21] Dividend and Shareholder Policy - The company proposed not to distribute cash dividends or issue new shares for 2021, considering the needs for major asset restructuring and daily operations[4] - The company has implemented a shareholder return mechanism to protect minority shareholders' rights and enhance transparency in profit distribution decisions[128] - The company’s profit distribution policy has remained unchanged, ensuring continuity and stability in dividend payouts[129] Production and Sales - In 2021, the company achieved a sales revenue of 4.143 billion RMB, a year-on-year increase of 34.81%[28] - The company produced 558,300 tons of various steel wires, an increase of 15.78% from the previous year[28] - Sales of various steel wires totaled 544,200 tons, up 11.84% year-on-year[28] - The production of tire cord steel wire was 326,600 tons, growing by 10.85% compared to the previous year[28] - The total production of rubber skeleton materials in 2021 reached 4.7334 million tons, a 12.56% increase year-on-year, with exports amounting to 1.379 million tons, up 29.79%[31] Market and Strategic Initiatives - The company has established a global marketing network to enhance service capabilities and market share among high-end international clients[29] - The company aims to enhance its core competitiveness through independent innovation and technological leadership in the tire skeleton material sector[89] - The company plans to increase R&D investment and strengthen partnerships with universities to drive product innovation and improve technological value[89] - The company intends to expand its market share of steel wire products domestically while maintaining its leading production technology in the industry[92] - The company aims to increase its overseas sales proportion to over 30% within the next 3-5 years by enhancing its international marketing network[95] Research and Development - The company holds 85 effective patents, including 25 domestic invention patents and 7 foreign invention patents, enhancing its technological innovation capabilities[47] - R&D expenses totaled 203,733,756.05 CNY, representing 4.92% of total revenue[64] - The number of R&D personnel is 420, making up 12.5% of the total workforce[65] - The company plans to increase its R&D budget by 15% to accelerate innovation[107] Financial Management - The company’s gross profit margin and profitability have been impacted by rising costs of raw materials and labor, despite significant revenue growth[50] - Operating costs rose by 36.15% to ¥3,795,141,262.81 from ¥2,787,537,161.84, primarily due to increased sales volume and rising prices of raw materials and energy[54] - Financial expenses nearly doubled, increasing by 99.66% to ¥72,279,669.24 from ¥36,201,267.10, primarily due to higher interest expenses[52] Employee and Management - The company has a salary policy that includes base salary, performance salary, bonuses, and benefits, with salaries structured based on job positions[124] - The company plans to adjust and optimize its salary system based on operational results and market conditions to improve employee welfare[125] - The company has established a comprehensive training program aimed at enhancing team efficiency and aligning with strategic business goals[126] Environmental and Compliance - The company is classified as a key pollutant discharge unit, with specific emissions of particulate matter, SO2, and NOX all within regulatory limits[139] - Wastewater treatment processes meet municipal standards, with COD levels at 29.2 mg/L, significantly below the 500 mg/L limit[140] - The company has committed to environmental protection measures, with no significant environmental issues reported during the period[140] Corporate Governance - The company has not faced any penalties from securities regulatory agencies in the past three years[113] - The company has not reported any changes in the board of directors, supervisors, or senior management during the reporting period[113] - The audit firm appointed for the company is Zhongxinghua Accounting Firm, with an audit fee of RMB 500,000 for a two-year term[158]
大业股份(603278) - 2021 Q4 - 年度财报