Kings(SH:603505)2022-04-07 16:00Financial Performance - In 2021, the company's operating revenue increased by 18.64%, while the net profit attributable to shareholders grew by 8.97%[12]. - The company's operating revenue for 2021 was CNY 1,043,229,850.01, an increase of 18.64% compared to CNY 879,306,979.19 in 2020[38]. - The net profit attributable to shareholders of the listed company was CNY 244,934,704.22, reflecting a growth of 2.93% from CNY 237,958,263.32 in the previous year[38]. - The total assets of the company reached CNY 2,194,849,034.83, marking an 11.71% increase from CNY 1,964,705,979.45 in 2020[38]. - The basic earnings per share for 2021 was CNY 0.79, up 3.95% from CNY 0.76 in 2020[39]. - The company's total revenue reached 11,322,980,000, with a net profit of 6,476,344,000, representing a profit margin of approximately 57.2%[155]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in 2021, representing a growth of 15% compared to the previous year[163]. Production and Sales - The production and sales volumes rose by 13.59% and 19.57% respectively, indicating a positive trend in operational performance[12]. - The company produced approximately 472,300 tons of various fluorite products, an increase of 13.59% year-on-year, and sold about 480,800 tons, up 19.57% year-on-year[48]. - The company plans to produce approximately 450,000 to 500,000 tons of various fluorite products from a single mine, with Baogang Jinshi aiming for a production of 200,000 to 300,000 tons[132]. Dividends and Share Capital - The proposed cash dividend is 2.40 CNY per 10 shares, totaling approximately 73.84 million CNY, which represents 30.15% of the net profit for 2021[5]. - The company plans to increase its total share capital to approximately 434.67 million shares after a stock dividend of 4 shares for every 10 shares held[5]. - The company has a cash dividend policy that stipulates a minimum of 80% cash distribution for mature stages without major capital expenditures, ensuring shareholder returns[187]. - The company will issue 4 bonus shares for every 10 shares held, increasing the total share capital to approximately 434.67 million shares[189]. Strategic Initiatives - The company is enhancing its strategic positioning by expanding into the fluorochemical and new energy sectors, moving beyond its traditional resource business[12]. - The company aims to actively participate in the downstream market for fluorine lithium battery materials, aligning with national strategies and industry trends[16]. - The company has committed 140 million CNY to stock repurchases, reflecting confidence in its new projects and long-term value growth[14]. - The company is focusing on resource expansion, particularly in fluorite, sulfur, and lithium, to support its lithium battery material projects[15]. Research and Development - The company’s R&D investment totaled CNY 30.26 million, a 7.2% increase year-on-year, accounting for approximately 2.9% of operating revenue[56]. - The company has obtained 72 patents and has 49 patents pending, focusing on technologies such as low-grade fluorite beneficiation and zero discharge of tailings wastewater[83]. - The company is committed to technological innovation and efficient management to enhance internal growth capabilities[130]. Market Trends and Demand - The company anticipates a surge in demand for fluorite driven by the recovery of the global economy and the rise of new energy sectors, projecting that by 2025, demand for fluorite in new energy could reach 1.5 to 2 million tons, potentially exceeding 5 million tons by 2030[20]. - The overall demand for traditional applications of fluorite remains stable, while new applications in the energy sector are expanding rapidly[114]. Governance and Management - The company has a clear governance structure with defined roles and responsibilities among the board, supervisory board, and management[145]. - The company has established a sound corporate governance structure with a remuneration and assessment committee to evaluate senior management performance[197]. - The company has maintained a stable management team with no significant changes in key positions during the reporting period[169]. Safety and Sustainability - The company emphasizes safety and environmental protection, implementing a comprehensive safety management system and training programs throughout 2022[134]. - The company is committed to enhancing its ESG practices, focusing on energy conservation and emission reduction, and improving its brand reputation in the capital market[132]. Financial Management - The company has a structured approach to employee compensation, linking it closely to performance and company results, which is crucial for maintaining competitiveness[185]. - The company has not faced any penalties from securities regulatory authorities in the past three years[170]. - The company has a plan for future business expansion and investment in resource development projects[149].