聚合顺(605166) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 5,404,825,907.93, an increase of 110.77% compared to CNY 2,564,309,820.99 in 2020[21]. - Net profit attributable to shareholders for 2021 was CNY 238,839,969.49, reflecting a growth of 106.19% from CNY 115,835,682.43 in the previous year[21]. - The net cash flow from operating activities increased by 93.17% to CNY 265,693,839.23, up from CNY 137,540,781.48 in 2020[21]. - Total assets at the end of 2021 reached CNY 3,437,237,857.76, a 49.91% increase from CNY 2,292,937,164.88 at the end of 2020[21]. - Basic earnings per share for 2021 were CNY 0.76, an increase of 80.95% compared to CNY 0.42 in 2020[22]. - The weighted average return on equity for 2021 was 18.80%, up by 5.30 percentage points from 13.50% in 2020[22]. - The total profit for the year was 272.09 million RMB, reflecting a growth of 110.75% compared to the previous year[32]. - The net profit attributable to shareholders was 238.84 million RMB, marking a 106.19% increase year-on-year[32]. Dividend and Share Capital - The company plans to distribute a cash dividend of 2.051 CNY per 10 shares, totaling approximately 64.72 million CNY for the year 2021[5]. - As of December 31, 2021, the total share capital of the company was 315,547,000 shares[5]. - The total distributable profit available to shareholders as of December 31, 2021, was ¥486,428,896.80 for the parent company and ¥492,488,635.91 for the consolidated report[130]. - The proposed cash dividend distribution for 2021 is ¥2.051 per 10 shares, totaling ¥64,718,689.70 (including tax), which represents a minimum of 15% of the distributable profit for the year[130]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and safeguarding shareholder rights[96]. - The company has implemented a transparent information disclosure system to maintain shareholder rights and prevent insider trading, enhancing corporate transparency[99]. - The company is committed to continuous improvement in corporate governance and internal control mechanisms to promote sustainable development[99]. - The company held the 2020 annual general meeting and the first extraordinary general meeting of 2021, confirming that the procedures and results were legally valid[102]. - The company has not reported any objections from directors regarding company matters during the year[117]. Research and Development - The company invested CNY 108,736.85 million in R&D, marking a 39.14% increase from the previous year[51]. - The company has enhanced its research and development capabilities by hiring industry experts and acquiring advanced equipment, focusing on innovation and product differentiation[34]. - The company has developed 35 patents, including 6 invention patents, showcasing its commitment to innovation[45]. - The company is actively developing new products, including nylon 66 and co-polymer products, with successful trials conducted in Q4[33]. Market Expansion and Strategy - The company plans to increase production capacity through projects such as the annual output of 180,000 tons of polyamide 6 chips and 104,000 tons of new nylon materials[34]. - The company is advancing several new projects, including an 180,000-ton project in Shandong and a 100,000-ton expansion in Hangzhou, which will enhance market share and scale advantages[90]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million RMB allocated for potential deals[110]. - The company is focused on cash management strategies for idle raised funds and self-owned funds[115]. Environmental Responsibility - The company has made significant investments in environmental protection and energy-saving facilities to reduce carbon emissions and improve production conditions[35]. - The company has implemented a comprehensive pollution prevention system, including a wastewater treatment station and an air pollution control system, ensuring stable compliance with emission standards[138]. - The company is actively pursuing carbon reduction strategies, including the implementation of steam waste heat recovery and promoting resource utilization to achieve carbon peak and carbon neutrality goals[144]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[143]. Operational Challenges - The ongoing COVID-19 pandemic has affected procurement, production, and sales due to quarantine and transportation restrictions, posing operational risks[94]. - The nylon 6 chip industry is subject to cyclical fluctuations influenced by production capacity and the price of caprolactam, which can impact the company's revenue and profit growth[92]. Employee and Management - The total number of employees at the parent company and major subsidiaries is 455, with 297 at the parent company and 158 at subsidiaries[124]. - The company has conducted various training programs to enhance employee skills, focusing on ISO system training and safety production training, with plans to continue these efforts in 2022[128]. - The company has established a performance evaluation mechanism for its management team, although specific details on the implementation were not disclosed[133]. Related Party Transactions - The company has committed to fully disclose related party transactions in accordance with securities regulatory laws and regulations, ensuring no undisclosed transactions exist beyond those already disclosed in the IPO prospectus[194]. - The company guarantees that it will not seek preferential treatment for itself or its affiliates in business operations compared to independent third parties[197]. - The company has pledged to avoid any illegal occupation of funds or assets from itself or its subsidiaries by its affiliates[198].