FLARIANT(SH:605566)2022-04-29 16:00Financial Performance - The company achieved a total operating revenue of ¥1,181,161,943.31 in 2021, representing an 18.36% increase compared to ¥997,941,838.74 in 2020[21]. - The net profit attributable to shareholders of the listed company was ¥175,464,506.92, a decrease of 8.85% from ¥192,508,243.89 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥169,991,641.71, down 9.01% from ¥186,831,007.22 in 2020[21]. - Cash flow from operating activities increased by 55.62% to ¥218,807,406.34, compared to ¥140,601,506.63 in 2020[21]. - As of the end of 2021, the total assets reached ¥2,444,270,607.12, a 92.33% increase from ¥1,270,843,032.68 at the end of 2020[22]. - The net assets attributable to shareholders of the listed company were ¥2,038,793,474.20, reflecting a significant increase of 129.04% from ¥890,145,626.40 in 2020[22]. - The basic earnings per share for 2021 was 1.66 yuan, a decrease of 13.99% from 2020[23]. - The company reported a net profit of ¥4,749.44 million for the year, reflecting its strong financial performance despite rising costs[96]. Dividend Policy - The company plans to distribute a cash dividend of ¥7.50 per 10 shares, totaling ¥100,005,000.00, which represents 56.99% of the net profit attributable to shareholders[6]. - The company plans to maintain a cash dividend policy of at least 10% of the distributable profit each year[145]. - The cash dividend represents 56.99% of the net profit attributable to shareholders in the consolidated financial statements for the year[149]. - The company aims to provide stable and continuous cash dividends to enhance shareholder returns[144]. Research and Development - Research and development expenses increased by 46.29% to CNY 42.95 million, reflecting the company's commitment to innovation[46]. - The company has developed 50 patents, including 40 invention patents, enhancing its competitive edge in the dyeing industry[40]. - The company collaborates with Zhejiang University for technology research and development, enhancing its competitive edge in the high-end disperse dye market[84]. - The company invested $200 million in R&D for new technologies, focusing on sustainable materials[122]. Market and Sales Strategy - The company plans to enhance overseas sales while expanding domestic customer base and optimizing product structure[33]. - The company is actively expanding its overseas sales while also increasing its domestic customer base[44]. - The company’s sales model includes direct sales and distribution, primarily targeting regions with concentrated dyeing enterprises[39]. - The company plans to enter two new markets in 2022, aiming for a 5% market share within the first year[122]. Cost and Pricing - The company faced significant cost pressures due to rising prices of raw materials driven by demand and environmental factors[33]. - The average production cost increased by 27.05% to CNY 867.68 million, primarily due to rising raw material and energy prices[46]. - The company reported a significant increase in raw material prices, with the price of chloromethyl acetate rising by 90.62% year-on-year, impacting overall operating costs[88]. - The steam procurement price increased by 35.16% year-on-year, contributing to higher operating costs[89]. Environmental and Social Responsibility - The company is committed to environmental protection, adhering to relevant standards for waste management and emissions[157]. - The company has received pollution discharge permits from the Hangzhou Ecological Environment Bureau for its subsidiaries[163]. - The company actively participates in local charitable activities, contributing 60,000 yuan to rural revitalization efforts in Qiantang District[169]. - The company is committed to reducing carbon emissions and has taken measures to enhance energy efficiency and reduce waste[167]. Governance and Compliance - The company has implemented a robust internal control system and governance structure to ensure compliance with legal requirements and enhance operational efficiency[112]. - The company conducted 1 annual and 1 extraordinary shareholders' meeting during the reporting period, ensuring compliance with relevant regulations[110]. - The company has no penalties from regulatory authorities in the past three years, reflecting compliance with regulations[130]. - The company has established strict safety management protocols to mitigate risks associated with hazardous chemicals used in production[105]. Future Outlook - The company provided guidance for 2022, expecting revenue to grow by 10% to $1.32 billion[122]. - Future outlook remains positive, with a projected annual growth rate of 20% over the next three years[123]. - The company plans to complete the construction of an additional 28,000 tons of disperse dye capacity by June 2024, with an investment of ¥399.46 million[87].