大业股份(603278) - 2021 Q4 - 年度财报

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 profit for 2021 was 109 million RMB, reflecting a growth of 6.19% compared to the previous year[28] - 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] - Basic earnings per share for 2021 were CNY 0.38, an increase of 8.57% from CNY 0.35 in 2020[22] Asset and Cash Flow - The net asset attributable to shareholders of the listed company at the end of 2021 was CNY 1,843,945,323.17, a 4.71% increase from CNY 1,761,045,264.21 at the end of 2020[21] - Total assets increased by 27.77% to CNY 6,768,254,555.01 in 2021, up from CNY 5,297,414,008.63 in 2020[21] - The net cash flow from operating activities for 2021 was CNY 255,727,685.68, a significant recovery from a negative cash flow of CNY -185,491,203.66 in 2020[21] - The company reported a net cash flow from operating activities of 381,527,929.69 RMB in the fourth quarter[23] Production and Sales - The company produced 558,300 tons of various steel wires, an increase of 15.78% from the previous year[28] - The sales volume of various steel wires was 544,200 tons, up by 11.84% year-on-year[28] - The total production of tire cord steel wire reached 32.66 million tons in 2021, maintaining a market share of 31.50%[46] - The total production of tire cord steel reached 1,035,800 tons, marking a year-on-year increase of 10.80%[32] - The company achieved a sales revenue of 4.143 billion RMB, a year-on-year increase of 34.81%[28] Market and Strategic Developments - The company actively developed international high-end new customers, enhancing market share with major clients like Michelin and Bridgestone[29] - The company completed the acquisition and integration of Shengtong Steel Cord, enhancing its dual-brand operation model and increasing market influence[31] - The company’s strategic focus on high-strength products has positioned it as a leading supplier to the top 20 global tire manufacturers[33] - The company aims to become a world-class supplier of tire skeleton materials, focusing on tire ring steel wire, steel cord, and rubber hose steel wire products, while maintaining technological leadership in production processes[91] Research and Development - The company holds 85 effective patents, including 25 domestic invention patents and 7 foreign invention patents[47] - Research and development expenses totaled 203,733,756.05 CNY, representing 4.92% of operating revenue[64] - The company plans to increase R&D investment year by year, enhancing collaboration with universities and research institutions to drive product innovation and improve technological competitiveness[91] Corporate Governance and Compliance - The company is committed to maintaining a high level of corporate governance, ensuring compliance with laws and regulations to protect the interests of all shareholders, especially minority shareholders[98] - The company has established a comprehensive information disclosure system, ensuring equal access to information for all shareholders[100] - The company has not faced any penalties from securities regulatory agencies in the past three years, reflecting compliance and governance integrity[112] Environmental Responsibility - The company is classified as a key pollutant discharge unit in Weifang City, Shandong Province, with specific emissions for pollutants such as particulate matter and COD well below regulatory limits[138] - The company has implemented a pollution prevention facility that operates normally, ensuring compliance with local environmental standards[140] - The company has established an emergency response plan for environmental incidents, which has been filed with the local environmental bureau[143] Future Outlook - Future outlook remains positive, with the company projecting a revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[106] - The company plans to strengthen its surface treatment business to complement its skeleton materials business, investing in various sectors including military, electronics, and new energy[92] - The company targets a 30% increase in overseas sales proportion within the next 3-5 years, expanding its international marketing network and entering the global procurement systems of major tire manufacturers[95]