JAHB(SH:603822)2022-04-06 16:00Financial Performance - The company's operating revenue for 2021 was CNY 1,916,223,503.50, representing a 55.77% increase compared to CNY 1,230,146,035.65 in 2020[23]. - The net profit attributable to shareholders of the listed company reached CNY 102,057,461.61, a significant increase of 174.61% from CNY 37,165,027.64 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 100,087,474.30, up 177.00% from CNY 36,133,116.62 in 2020[23]. - The net cash flow from operating activities was CNY 39,081,740.74, recovering from a negative cash flow of CNY -72,254,309.44 in 2020[23]. - The company's total assets grew to CNY 2,462.17 million, a 21.01% increase from the previous year[24]. - The net assets attributable to shareholders of the listed company reached CNY 903.66 million, up 9.21% from the end of the previous year[24]. - The company's total revenue for the year was 1,150,522,264.95 CNY, with a year-on-year increase of 44.02% compared to 798,884,103.58 CNY in the previous year[65]. - The company's operating revenue for 2021 reached CNY 1,916.22 million, representing a year-on-year increase of 55.77%[31]. Earnings and Dividends - Basic earnings per share rose to CNY 1.3912, reflecting a growth of 174.62% year-on-year[26]. - The diluted earnings per share increased to CNY 1.3654, marking a 169.52% rise from the previous year[26]. - The company plans to distribute a cash dividend of CNY 2.79 per 10 shares, which corresponds to a cash dividend payout ratio of 39.90% of the net profit attributable to shareholders[6]. Product and Market Development - The company's main products include environmentally friendly plasticizers, stabilizers, and biomass energy, with environmentally friendly plasticizers accounting for 70.54% of total revenue[33]. - Biomass energy revenue increased by 80.67% year-on-year, driven by both sales volume and price increases, with a gross profit contribution rate of 17.76%[34]. - The sales volume of main business products, including environmentally friendly plasticizers and biomass energy products, increased by 11.65%, with sales prices rising by 38.93%[53]. - The company introduced 20 new products and processes in 2021, and filed 17 national invention patents and 5 utility model patents[46]. - The company is actively exploring competitive biomass energy products, including HVO and SAF projects, to enhance its market position[36]. Research and Development - The company holds 26 national invention patents and 39 utility model patents, indicating a strong position in technological innovation within the industry[36]. - The company organized and implemented 23 R&D projects in 2021, with a total R&D investment of 56.54 million RMB[90]. - The company has established a talent development mechanism, attracting 22 new technical and skilled personnel in 2021[37]. Environmental and Safety Measures - The company invested 5.14 million yuan in environmental and safety measures, achieving a 100% compliance rate for wastewater discharge[35]. - The company has implemented online monitoring systems for COD, ammonia nitrogen, and pH, ensuring real-time pollution discharge monitoring[164]. - The company has committed to green manufacturing practices, aiming for zero emissions and pollution through advanced production technologies and waste recycling[165]. - The company has received no administrative penalties for environmental issues during the reporting period[165]. Governance and Compliance - The company has established a comprehensive governance structure, ensuring compliance with relevant laws and regulations[118]. - The company has a detailed remuneration management system for its directors and senior management, including basic salary, performance pay, and year-end bonuses[133]. - The company has established a management control system for its subsidiaries, ensuring compliance with legal regulations and effective governance[155]. - The company has faced scrutiny from regulatory bodies, impacting its reputation and governance[135]. Shareholder Relations - The company has engaged in active communication with minority shareholders to ensure their opinions and demands are heard[154]. - The company held 8 shareholder meetings during the reporting period, with no proposals rejected or previous resolutions altered[123]. - The company has established a commitment to avoid interfering in the management activities of the listed company[179]. Risks and Challenges - The company faces risks from raw material price fluctuations, particularly for soybean oil, waste oils, and alcohols, which could impact operating performance if prices exceed expectations[113]. - The company benefits from a 70% VAT refund and a 90% income tax reduction for its biomass energy products, but changes in tax policies could affect performance[114]. - Export tax rebate policies currently provide a 13% rebate for most products, but a reduction in these rates could negatively impact operating results[115].