丰山集团(603810) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 1,518,111,081.32, representing a year-on-year increase of 1.61% compared to CNY 1,494,085,529.04 in 2020[22] - The net profit attributable to shareholders for 2021 was CNY 114,725,344.99, a decrease of 51.32% from CNY 235,683,496.73 in 2020[22] - The net profit after deducting non-recurring gains and losses was CNY 99,624,503.09, down 54.57% from CNY 219,296,974.47 in 2020[22] - The cash flow from operating activities for 2021 was CNY 59,758,888.25, a decrease of 62.05% compared to CNY 157,462,098.45 in 2020[22] - Basic earnings per share decreased by 52.00% to CNY 0.72 compared to CNY 1.50 in 2020[24] - Operating profit decreased by 52.36% to CNY 13,377,560.00 from CNY 28,080,210.00 in the previous year[46] - The company reported a net cash flow from operating activities of CNY 5,975,890.00, down 62.05% from CNY 15,746,210.00[46] - The gross profit margin for the main business decreased by 10.51 percentage points, with a gross profit margin of 20.04%[48] Assets and Liabilities - As of the end of 2021, the total assets were CNY 1,992,675,036.08, a slight decrease of 0.22% from CNY 1,996,996,595.29 at the end of 2020[23] - The net assets attributable to shareholders increased by 6.10% to CNY 1,420,679,028.35 from CNY 1,339,038,437.18 at the end of 2020[23] - The company's cash and cash equivalents decreased by 43.39%, from ¥644,221,917.06 to ¥364,706,984.85[64] - The company's investment activities resulted in a net cash outflow of CNY 242,369,164.27, a decline of 430.08% from the previous year[47] Market and Production - The company reported a pesticide production volume of 2,498,000 tons in 2021, indicating a recovery in the industry after a decline from 2016 to 2018[37] - The sales volume of herbicides decreased by 6.19%, while the production volume increased by 10.46%[53] - The domestic market contributed CNY 1,095,401,598.83 in revenue, with a gross profit margin of 20.66%, down 6.03 percentage points year-on-year[51] - The total cost of pesticides for the period reached ¥1,213,520,528.18, an increase of 17.12% compared to ¥1,036,090,245.23 in the same period last year[57] Research and Development - Research and development expenses decreased by 7.50% to CNY 44,129,971.04 from CNY 47,709,545.05[47] - The number of R&D personnel is 167, accounting for 12.31% of the total workforce[61] - The company has established a high-efficiency R&D system centered on customer needs, leading to successful trial production of new products[38] - The company is committed to increasing R&D investment to differentiate its products and enhance competitiveness in the agricultural chemical market[111] Environmental and Sustainability Initiatives - The company is focusing on sustainable development and enhancing safety and environmental standards in its operations[33] - The company has invested in environmental protection facilities, including wastewater biochemical treatment systems with capacities of 2000m³/d, 4000m³/d, and 4800m³/d, to ensure compliance with discharge standards[159] - The company has been recognized as an "Advanced Environmental Protection Enterprise" in Jiangsu Province and a "Friendly Environmental Enterprise" in Yancheng City[166] - The company has established a real-time monitoring system for wastewater discharge, ensuring compliance with chemical oxygen demand (COD), total phosphorus (TP), ammonia nitrogen (NH3-N), and total nitrogen (TN) standards[159] Corporate Governance - The company has established a governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and senior management, ensuring clear responsibilities and coordinated operations[115] - The board of directors comprises 9 members, including 3 independent directors, and has established specialized committees to provide scientific and professional opinions for decision-making[117] - The company has implemented a comprehensive investor relations management strategy, enhancing communication with investors and improving governance levels[118] - The company strictly adheres to information disclosure regulations, with the chairman as the primary responsible person for disclosures, ensuring timely and equal access to information for all shareholders[118] Shareholder Information - The total number of shares held by the chairman, Yin Fengshan, increased from 48,375,341 to 67,725,478, a change of 19,350,137 shares due to dividend distribution and transfer[123] - The company has implemented a share repurchase and cancellation strategy, resulting in a reduction of 28,000 shares held by supervisor Wang Li[125] - The company has a clear and transparent cash dividend policy, ensuring compliance with relevant regulations and shareholder interests[149] - The company plans to distribute a cash dividend of 1.77 RMB per 10 shares to all shareholders, based on the total share capital as of the dividend record date[148] Strategic Plans and Future Outlook - The company aims to strengthen its market share in pesticide raw materials while expanding its pesticide formulations and fine chemical intermediates[33] - The company is focusing on investment opportunities in new chemical materials and renewable energy sectors to achieve long-term growth and diversification[108] - The company plans to accelerate the construction of the Sichuan Guang'an base and the production line upgrades for various products, including 1,700 tons of active ingredients and 1,600 tons of intermediates annually[109] - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting revenues of approximately $550 million[130]