ZYNM(SH:603527)2022-03-27 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥6.78 billion, representing a 76.74% increase compared to ¥3.84 billion in 2020[22]. - Net profit attributable to shareholders reached approximately ¥137.54 million, a significant increase of 119.40% from ¥62.69 million in 2020[22]. - Basic earnings per share increased to ¥0.56, up 115.38% from ¥0.26 in 2020[23]. - The weighted average return on equity rose to 13.76%, an increase of 7.05 percentage points from 6.71% in 2020[23]. - The company's total assets grew by 35.93% to approximately ¥1.92 billion, compared to ¥1.41 billion at the end of 2020[22]. - Cash flow from operating activities showed a significant improvement, with a net cash flow of approximately -¥17.87 million, compared to -¥218.70 million in 2020[24]. - The company achieved a total operating revenue of 677,978.97 million yuan, representing a year-on-year growth of 76.74%[42]. - Net profit attributable to shareholders reached 13,754.16 million yuan, up 119.40% year-on-year, with a net profit excluding non-recurring items of 12,993.89 million yuan, increasing by 122.11%[42]. - As of December 31, 2021, total assets amounted to 191,999.05 million yuan, a year-on-year increase of 35.93%, while equity attributable to shareholders was 105,494.03 million yuan, growing by 11.24%[42]. Dividend and Share Capital - The company plans to distribute a cash dividend of 2 RMB per 10 shares, totaling approximately 48.76 million RMB for the year 2021, representing a cash dividend payout ratio of 35.45%[5]. - The total share capital of the company as of December 31, 2021, is 243,824,000 shares[5]. Audit and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm[4]. - The company has not violated decision-making procedures for external guarantees[8]. - The company has not disclosed any significant changes in its registered address or office address during the reporting period[16]. - The company has engaged Rongcheng Accounting Firm for auditing services during the reporting period[19]. - The internal control audit report received a standard unqualified opinion, indicating no significant issues were found[114]. Market and Sales Performance - The increase in revenue was primarily driven by higher sales volume and rising copper prices[23]. - The company sold 109,891 tons of copper strips during the reporting period, marking a 33.32% increase year-on-year[34]. - Export of copper strip products reached 8,024 tons, reflecting an 85.25% year-on-year growth despite challenging market conditions[34]. - The company is focusing on expanding its market presence, particularly in high-end customer segments, while maintaining a dual sales strategy for domestic and international markets[34]. Research and Development - Research and development expenses rose by 54.24% to ¥57,228,820.72, up from ¥37,102,914.24 in the previous year[44]. - The total R&D investment was 572.29 million yuan, representing 0.84% of total revenue[54]. - The company aims to enhance its core competitiveness by optimizing product structure and developing high-quality products[71]. - The company will continue to increase R&D investment to enhance its market-oriented R&D system and improve product competitiveness, focusing on high-conductivity, high-thermal conductivity, and high-strength copper products[74]. Risk Management - The company has detailed potential risks in the report, which can be found in the section discussing future development[10]. - The company is aware of risks related to exchange rate fluctuations, interest rate changes, and industry competition, and will take measures to mitigate these risks[76]. - The cost of electrolytic copper, which constitutes a significant portion of the company's operating costs, will be closely monitored to manage the impact of price fluctuations on profitability[77]. - The company emphasizes the importance of managing accounts receivable to mitigate risks associated with potential delays in collection, which could affect asset structure and operational performance[78]. Corporate Governance - The company maintains a robust corporate governance structure, ensuring compliance with legal requirements and protecting shareholder interests[80]. - The board of directors and supervisory board have been actively engaged in overseeing company operations, with regular meetings held to ensure accountability and transparency[81]. - The company established a fair and transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with relevant laws and regulations[82]. - There were no significant differences in corporate governance compared to regulations set by the China Securities Regulatory Commission[82]. Environmental Responsibility - The company is a key pollutant discharge unit in Wuhu, with major pollutants including wastewater (pH, COD, ammonia nitrogen) and waste gas (smoke, non-methane total hydrocarbons)[116]. - Wastewater treatment facilities ensure that all production wastewater meets standards, with most being reused in production[116]. - The company has implemented a comprehensive environmental emergency response plan to minimize the impact of potential pollution incidents[124]. - The company has made significant efforts to comply with environmental regulations, with no violations reported during the year[126]. Future Outlook - Future guidance indicates a projected growth rate of 10% in the upcoming fiscal year[89]. - The company plans to continue expanding its market presence and investing in new technologies[199]. - There are plans for potential mergers and acquisitions to strengthen market position and diversify product lines[89].