HJHS(SH:603616)2022-04-27 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 26,393,752.74 for the year 2021, with a cash dividend distribution plan of RMB 0.2076 per share, totaling RMB 7,917,199.68, which represents 30% of the net profit[6]. - The company's operating revenue for 2021 was approximately CNY 1.52 billion, representing a 55.33% increase compared to CNY 977.94 million in 2020[25]. - The net profit attributable to shareholders decreased by 7.30% to CNY 26.39 million in 2021 from CNY 28.47 million in 2020[25]. - The cash flow from operating activities showed a significant decline, with a net outflow of CNY 103.09 million in 2021 compared to an inflow of CNY 271.58 million in 2020, marking a 137.96% decrease[25]. - The total assets increased by 1.45% to CNY 2.44 billion at the end of 2021, up from CNY 2.40 billion at the end of 2020[25]. - The basic earnings per share for 2021 was CNY 0.08, down 17.61% from CNY 0.0971 in 2020[26]. - The weighted average return on equity decreased to 2.93% in 2021 from 3.89% in 2020, a reduction of 0.96 percentage points[26]. - The company reported a net profit attributable to shareholders of CNY 35.13 million in Q2 2021, a significant recovery from a loss of CNY 7.96 million in Q1 2021[29]. - In 2021, the company achieved operating revenue of CNY 1,517.52 million and a net profit attributable to shareholders of CNY 26.39 million, with a net profit of CNY 24.42 million after deducting non-recurring gains and losses[34]. Revenue Sources - The PCCP business generated sales revenue of CNY 958.88 million, representing a year-on-year growth of 98.80%[34]. - The environmental protection business, primarily through its subsidiary Qingqing Environmental Protection, achieved revenue of CNY 292.46 million, a year-on-year increase of 20.58%[37]. - The concrete admixture business generated revenue of CNY 160.17 million, contributing to the company's overall performance[39]. Investments and Acquisitions - The company completed a private placement that increased net assets, contributing to a 47.19% rise in net assets attributable to shareholders, which reached CNY 1.10 billion by the end of 2021[25]. - The company successfully completed a private placement of 88 million shares at a price of CNY 4.36 per share, raising a total of CNY 383.71 million, which helped optimize its capital structure[39]. - The company completed the acquisition of the remaining 30% equity in Hezhong Building Materials, making it a wholly-owned subsidiary, with a total investment of RMB 81.6 million[81]. - The company established a wholly-owned subsidiary, Hanjian Heshan (Hebei) Environmental Governance Co., Ltd., with a registered capital of RMB 100 million to expand its environmental business[81]. Research and Development - The company holds a total of 48 valid patents, including 1 invention patent and 47 utility model patents, with 6 new utility model patents granted in 2021[46]. - Research and development expenses rose by 35.91% to ¥42,212,668.01, reflecting increased investment in R&D[52]. - The company plans to continue focusing on R&D projects, including the development of high-strength concrete for PCCP cores and RFID-based management platforms[69]. - The company completed several R&D projects in 2021, including the development of high-performance polycarboxylic acid water reducers[70]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and strategies, highlighting potential risks from national policies and market competition[7]. - The company faces risks related to the volatility of income and profits due to the mismatch between the bidding and construction schedules of major water conservancy projects and the company's accounting periods[98]. - The company is exposed to risks from fluctuations in the prices of key raw materials such as steel, cement, and sand, which can affect production costs and overall financial performance[99]. - The company has a risk of goodwill impairment due to acquisitions if future operating performance does not meet expectations or if there are significant changes in policies, markets, or technologies[100]. Corporate Governance - The company has established an independent and complete asset structure with clear ownership rights, ensuring no interference from the controlling shareholder[105]. - The company has an independent personnel management system, with all senior management receiving compensation from the company, maintaining independence from the controlling shareholder[105]. - The company has a clear governance structure that supports its operational independence from the controlling shareholder[105]. - The company has not engaged in any related party transactions that would affect its financial independence[105]. Social Responsibility - The company actively engaged in social responsibility initiatives, including community support and disaster relief efforts[141]. - The company provided poverty alleviation support to 12 households in Inner Mongolia, significantly increasing their income[141]. - The company donated essential supplies to assist flood relief efforts in Shanxi Province during severe weather events[141]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[110]. - New product launches are expected to contribute an additional 200 million RMB in revenue over the next year[110]. - The company plans to expand its environmental business to promote sustainable development and contribute to ecological civilization[93]. - In 2022, the company will focus on traditional core businesses while actively expanding into environmental sectors[94].