悦安新材(688786) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 401,414,514, representing a 56.56% increase compared to CNY 256,404,776.81 in 2020[22]. - The net profit attributable to shareholders of the listed company increased by 70.98% to CNY 88,616,492.16 in 2021 from CNY 51,827,635.92 in 2020[22]. - The net profit after deducting non-recurring gains and losses was CNY 78,449,890.79, a 94.73% increase from CNY 40,285,872.29 in the previous year[22]. - The net cash flow from operating activities was CNY 94,162,494.68, a significant recovery from a negative cash flow of CNY -17,676,676.40 in 2020[22]. - Total assets at the end of 2021 reached CNY 752,416,785.79, up 92.06% from CNY 391,770,394.90 at the end of 2020[22]. - The net assets attributable to shareholders of the listed company increased by 98.45% to CNY 606,260,303.29 from CNY 305,491,590.90 in 2020[22]. - Basic earnings per share rose to 1.24 CNY, reflecting a 53.09% increase compared to 2020[24]. - The gross profit margin improved to 37.35%, up by 1.51 percentage points compared to the previous year[107]. - The company reported a net profit margin of 18%, up from 15% in the previous year[163]. Dividend Distribution - The proposed profit distribution plan for 2021 includes a cash dividend of RMB 6.00 per 10 shares, totaling approximately RMB 51,264,480.00, which accounts for 57.85% of the net profit attributable to shareholders[7]. - The company will not conduct capital reserve transfers to increase share capital or issue bonus shares for the 2021 fiscal year[7]. - The company has a cash dividend policy that aims to distribute at least 30% of the average distributable profit over the next three years in cash[183]. - There were no adjustments made to the cash dividend policy during the reporting period[188]. Research and Development - The company achieved a total R&D investment of ¥22,450,069.64 in the current year, representing a 36.52% increase compared to ¥16,444,992.94 in the previous year[69]. - R&D investment accounted for 5.59% of total revenue, a decrease of 0.82 percentage points from the previous year's 6.41%[69]. - The company has developed multiple core technologies, including low-temperature high-flow non-crystalline powder preparation technology, which is now in mass production and considered industry-leading[64]. - The company has completed research on 44 R&D projects, with 7 concluded and 37 ongoing, focusing on high-performance materials for emerging applications such as 3D printing and soft magnetic materials[78]. - The company is focusing on the development of soft magnetic powder materials for electrical applications, which requires extensive testing and development efforts[70]. Market and Industry Trends - The domestic powder metallurgy industry is fragmented, with no dominant players, and is expected to undergo consolidation as demand for powder materials increases[53]. - The market for metal powders, including carbonyl iron powder and atomized alloy powder, is anticipated to grow due to advancements in powder metallurgy technology and applications in high-end markets[54]. - The growth of 5G, IoT, and new energy sectors is projected to drive rapid expansion in the powder materials market, particularly in high-end consumer electronics and automotive applications[59]. - The company is actively participating in various domestic and international trade shows to explore market conditions and identify potential customers[51]. Operational Efficiency - The company has optimized its product structure, increasing the shipment proportion of high value-added products, resulting in profit growth outpacing revenue growth[35]. - The company is enhancing its production processes to ensure product quality stability, aiming to reduce batch-to-batch differences in powder products[39]. - The company aims to improve production efficiency with new equipment, increasing single furnace capacity by over 100%[76]. - The company is accelerating its automation transformation to improve product quality stability and reduce human error in the quality system[150]. Corporate Governance - The company has established a sound corporate governance structure, including a board of directors, independent directors, and a supervisory board, ensuring effective internal control and management[191]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements[154]. - The company has strengthened its internal control system to improve risk prevention capabilities and operational standards[155]. - The company actively engages with shareholders and investors, ensuring fair treatment and safeguarding their rights[156]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities, indicating its commitment to environmental regulations[197]. - The company has established a 2000 cubic meter wastewater treatment facility, ensuring that wastewater meets national discharge standards before entering the industrial park's sewage treatment system[200]. - The company actively promotes ESG initiatives, integrating them into its corporate culture to support sustainable development[195]. - The company has implemented a dual-channel promotion path and stock incentive mechanism to motivate employees and enhance productivity[196]. Employee Management - The company has a total of 68 R&D personnel, accounting for 14.81% of the total workforce, a decrease from 17.63% in the previous year[81]. - The average salary of R&D personnel increased to CNY 12.97 million, up from CNY 9.76 million in the previous period[81]. - The company has developed an annual training plan to enhance employee skills and align with strategic development needs[181]. - The company has no plans for labor outsourcing, indicating a focus on internal workforce management[182].