苏利股份(603585) - 2021 Q4 - 年度财报

Financial Performance - In 2021, the company's operating income reached approximately CNY 2.29 billion, representing a year-on-year increase of 47.03% compared to CNY 1.56 billion in 2020[21]. - The net profit attributable to shareholders was approximately CNY 232.39 million, an increase of 32.99% from CNY 174.75 million in the previous year[21]. - The cash flow from operating activities amounted to CNY 316.00 million, reflecting an 86.92% increase compared to CNY 169.06 million in 2020[21]. - The total assets of the company at the end of 2021 were approximately CNY 3.87 billion, a 26.19% increase from CNY 3.07 billion at the end of 2020[21]. - The company's net assets attributable to shareholders increased by 8.68% to approximately CNY 2.20 billion from CNY 2.03 billion in 2020[21]. - Basic earnings per share for 2021 were CNY 1.29, up 32.99% from CNY 0.97 in 2020[23]. - The weighted average return on equity was 11.01%, an increase of 2.26 percentage points from 8.75% in the previous year[23]. - The company achieved a historic breakthrough in consolidated operating revenue, indicating a stable recovery in profitability[32]. - The company achieved a consolidated revenue of 2.292 billion yuan, a year-on-year increase of 47.03%, and a net profit attributable to shareholders of 232 million yuan, up 32.99%[33]. Operational Highlights - In Q1 2021, the company's operating revenue was approximately ¥415.72 million, which increased to ¥715.72 million by Q4 2021, representing a growth of 72%[25]. - The net profit attributable to shareholders was ¥37.99 million in Q1 2021, rising to ¥93.12 million in Q4 2021, marking an increase of 145%[25]. - The cash flow from operating activities showed a significant recovery, moving from a negative ¥84.75 million in Q1 2021 to a positive ¥128.12 million in Q4 2021[25]. - The company achieved a consolidated revenue of CNY 2.292 billion, representing a year-on-year growth of 47.03%[46]. - The net profit attributable to shareholders reached CNY 232 million, marking a year-on-year increase of 32.99%[46]. Product and Market Development - The sales prices of key products such as pyraclostrobin, decabromodiphenyl ether, and hydrobromic acid maintained a growth trend in the second half of 2021, significantly contributing to revenue growth[33]. - The production of pyraclostrobin was stable, and the new production line for decabromodiphenyl ether operated well, leading to an increase in product output and sales volume[34]. - The revenue of the wholly-owned subsidiary, Suli Pharmaceutical, continued to grow, increasing by 32.99% compared to the same period last year[33]. - The company has completed the construction of a 15,000-ton decabromodiphenyl ether production line, which is expected to enhance profitability as it stabilizes operations[34]. - A new 5,000-ton brominated polystyrene production line has been completed and is ready for normal production, contributing to product structure improvement and market expansion[34]. Research and Development - The company is actively investing in R&D to enhance core competitiveness, with plans to build a more specialized R&D team and increase collaboration with academic institutions[34]. - The company has invested in R&D for new formulations and production technologies, particularly in the pesticide sector, to increase production capacity[43]. - The company received 11 invention patents during the reporting period, enhancing its innovation capabilities[87]. - The company emphasizes the importance of independent innovation, noting that firms with strong innovation capabilities will have better development opportunities[113]. Environmental Compliance and Sustainability - The company is committed to safety and environmental management, having obtained ISO14001 and OHSAS18001 certifications to ensure compliance with increasing regulatory standards[121]. - The company is focused on enhancing its production capabilities and expanding its market presence in the chemical industry[171]. - The company is actively monitoring and managing its environmental impact to align with regulatory requirements and sustainability goals[171]. - The company has implemented energy-saving measures, including the use of energy-efficient motors and automatic control of cooling systems, to reduce electricity consumption[195]. - The company has established an environmental self-monitoring plan for 2021, covering wastewater, waste gas, noise, and soil, with periodic monitoring conducted by qualified third parties[190]. Governance and Management - The company has established a governance structure compliant with regulations, ensuring independent operation of the board and effective decision-making[127]. - The board consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements and effective governance[128]. - The company has a diverse board with members having extensive experience in various sectors, enhancing its strategic decision-making capabilities[135]. - The company’s governance structure includes independent directors who contribute to oversight and compliance, ensuring transparency in operations[135]. - The total remuneration for all directors, supervisors, and senior management was 7.2456 million yuan[142]. Employee Development and Welfare - In 2021, the company organized 433 training programs, achieving a completion rate of over 99%, reflecting a commitment to employee development[155]. - The company emphasizes safety and skill enhancement, with nearly 150 employees participating in safety training and skill improvement programs in 2021[154]. - The company has committed to protecting employee rights and has improved employee welfare, including timely payment of social insurance[196]. - The company has a diverse educational background among employees, with 5 holding PhDs and 28 holding master's degrees, enhancing its technical expertise[153]. Risk Management - The company faced challenges due to global supply chain shortages and inflationary pressures, which may impact future operations and profitability[31]. - The company is preparing for potential risks related to safety, environmental compliance, and supply chain disruptions due to ongoing pandemic-related challenges[122]. - The company is exposed to foreign exchange risks due to high overseas procurement and sales, with measures in place to manage currency fluctuations and mitigate financial risks[123]. - Ongoing capital investments in projects like the Ningxia project may lead to financial pressure and uncertain returns, prompting the company to improve investment management and efficiency[124].