雅运股份(603790) - 2021 Q4 - 年度财报

Financial Performance - In 2021, the company's operating revenue reached RMB 929,576,286.32, representing a year-on-year increase of 15.64% compared to RMB 803,846,955.14 in 2020[22] - The net profit attributable to shareholders of the listed company was RMB 68,429,131.87, which is a 24.29% increase from RMB 55,056,639.89 in the previous year[22] - The basic earnings per share for 2021 was RMB 0.36, up 24.14% from RMB 0.29 in 2020[23] - The total assets of the company at the end of 2021 were RMB 1,680,553,546.43, reflecting a 19.00% increase from RMB 1,412,263,791.98 at the end of 2020[22] - The company's net cash flow from operating activities decreased by 57.44% to RMB 38,692,936.73 in 2021, down from RMB 90,923,966.18 in 2020[22] - The weighted average return on equity for 2021 was 5.93%, an increase of 1.06% from 4.87% in 2020[23] - The company reported a net profit after deducting non-recurring gains and losses of RMB 62,205,216.10, which is a 25.69% increase from RMB 49,491,826.64 in 2020[22] Research and Development - The company invested in research and development, with 119 R&D personnel accounting for 20.55% of total employees by the end of 2021[36] - The company obtained a total of 184 patents, including 122 invention patents and 62 utility model patents, by December 31, 2021[36] - Research and development expenses increased by 30.23% to 46,684,883.77 CNY, indicating a focus on innovation[53] - The company’s R&D team comprises 119 personnel, accounting for 20.55% of the total workforce, emphasizing its commitment to innovation and technology development[49] - The company is enhancing its competitive edge through the establishment of a research and development center in Hongqiao, which is expected to be operational soon[39] Market and Industry Trends - The company maintained a focus on "dyeing and assisting integration" and developed differentiated, environmentally friendly products in response to market demands[35] - The company aims to further enhance its digital and intelligent capabilities in response to industry trends towards differentiation and personalization[36] - The company continues to advance the digitalization of the textile industry chain, launching the "Little Meng Intelligent Mobile Colorimeter" for precise color detection, enhancing dyeing success rates and efficiency[37] - The textile printing and dyeing industry saw a significant increase in output, with a total production of 60.581 billion meters of dyed fabric in 2021, a year-on-year growth of 11.76%[41] - The textile and apparel export value reached $315.46 billion in 2021, with a year-on-year increase of 8.3%, highlighting strong demand in the market[41] Environmental and Sustainability Initiatives - The company is integrating environmental considerations into its production and product development processes, aiming to contribute to the green low-carbon transition in the industry[38] - The company’s new CP series dyes were included in the 15th batch of advanced energy-saving and emission-reduction technologies recommended for the textile dyeing industry, reflecting its commitment to green and low-carbon products[38] - The company has developed a new series of environmentally friendly dye products, specifically the polyester-cotton one-bath Yagexin CP series dye, which has been included in the 15th batch of advanced energy-saving and emission-reduction technologies recommended by the Chinese dyeing and finishing industry[78] - The company emphasizes ecological protection and pollution prevention, establishing a robust environmental management system and enhancing safety management levels[173] Production and Capacity Expansion - The company is accelerating the construction of its production bases in Taicang and Shaoxing, with the Shaoxing base expected to be fully operational within the year, significantly enhancing production capacity[39] - The company’s production capacity for textile auxiliaries is expected to significantly increase with the completion of new production bases in Taicang and Shaoxing[107] - The company has implemented a flexible production model combining in-house production and outsourcing, with new production bases expected to significantly enhance self-sufficiency[82] Risk Management - The company has outlined various risks and countermeasures in its report, emphasizing the importance of risk awareness for investors[9] - The company faces risks related to market demand fluctuations due to macroeconomic changes, which could adversely affect the demand for dyes and textile auxiliaries[1] - The company is exposed to risks from price fluctuations of key raw materials, which significantly impact production costs[2] - The company has established a comprehensive corporate governance structure to ensure effective risk management and operational compliance[2] Corporate Governance and Management - The company has established independent management structures, with no overlap in functions or personnel between the company and its actual controllers, ensuring no interference in operational activities[120] - The company has a comprehensive compensation policy that includes salary, performance bonuses, and social security benefits, aligning with national regulations[149] - The total remuneration paid to directors, supervisors, and senior management for the year 2021 amounted to 5.8977 million yuan (pre-tax) [134] - The independent directors have provided objective opinions on the profit distribution plan, ensuring the protection of shareholders' rights[152] Future Outlook - The company plans to achieve total operating revenue of 1.14 to 1.19 billion yuan and a net profit attributable to shareholders of 79 to 83 million yuan in 2022[1] - The company provided a future outlook with a revenue guidance of 1.8 billion for 2022, indicating a growth target of 20%[127] - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[127] - The company aims to capture the high-end customized market, which is expected to grow rapidly due to increasing consumer demand for personalized products[102] Compliance and Legal Matters - The company did not receive any penalties from securities regulatory agencies in the past three years [136] - There were no major lawsuits or arbitration matters reported during the year[193] - The company has not faced any delisting risks or significant violations during the reporting period[193] Environmental Compliance - Meibolin's total annual emissions for nitrogen oxides (NOx), sulfur dioxide (SO2), and particulate matter were 0.265 tons, 0.148 tons, and 0.075 tons respectively, all within the permitted limits[162] - The company constructed a new MF+NF+RO membrane separation wastewater recovery system, which was completed and put into operation in October 2021[163] - All pollution monitoring results during the reporting period showed compliance with the relevant standards, and the company has publicly disclosed these results[167]