华锦股份(000059) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥38,552,307,081.15, representing a 26.66% increase compared to ¥30,437,437,454.92 in 2020[26] - The net profit attributable to shareholders for 2021 was ¥893,882,586.08, a significant increase of 175.47% from ¥324,489,612.57 in 2020[26] - The net profit after deducting non-recurring gains and losses was ¥883,727,611.59, up 246.29% from ¥255,201,758.12 in the previous year[26] - The basic earnings per share for 2021 was ¥0.56, an increase of 180.00% compared to ¥0.20 in 2020[26] - The total assets at the end of 2021 amounted to ¥32,115,865,058.05, reflecting a 15.11% increase from ¥27,899,652,411.93 at the end of 2020[26] - The net assets attributable to shareholders at the end of 2021 were ¥14,280,348,965.29, a 5.50% increase from ¥13,535,819,313.84 at the end of 2020[26] - The company generated a net cash flow from operating activities of ¥2,804,759,467.21, slightly down by 0.35% from ¥2,814,637,063.20 in 2020[26] - The weighted average return on net assets for 2021 was 6.43%, up from 2.40% in 2020, indicating improved profitability[26] Revenue Breakdown - Total revenue for the year reached ¥38,542,307,181.15, with a quarterly breakdown of ¥7,745,509,915.18 in Q1, ¥10,891,695,215.58 in Q2, ¥6,235,275,879.30 in Q3, and ¥13,679,826,071.09 in Q4[31] - Net profit attributable to shareholders was ¥533,075,239.71 in Q1, ¥166,057,330.01 in Q2, a loss of ¥177,620,376.95 in Q3, and ¥372,370,393.31 in Q4, indicating volatility in profitability throughout the year[31] - The net cash flow from operating activities showed significant fluctuations, with a negative cash flow of ¥1,066,463,731.03 in Q1, positive cash flow of ¥2,090,421,328.43 in Q2, a negative cash flow of ¥3,061,947,259.92 in Q3, and a positive cash flow of ¥4,842,749,129.73 in Q4[31] Industry Performance - The petrochemical industry saw a revenue profit margin of 8.04% in 2021, the highest level since 2010, reflecting a year-on-year increase of 3.43 percentage points[37] - The refining sector achieved a revenue of ¥4.4 trillion and a profit of ¥187.4 billion, marking year-on-year growth of 30.1% and 318.2%, respectively[37] - The chemical industry reached a revenue of ¥8.7 trillion and a profit of ¥793.2 billion, with year-on-year growth of 31.1% and 85.4%, respectively, setting historical highs[37] - In 2021, the crude oil processing volume exceeded 700 million tons, reaching 703 million tons, a year-on-year increase of 4.3%[38] Product and Market Development - The company focuses on the production and sales of petrochemicals and chemical fertilizers, with key products including diesel, polypropylene, polyethylene, and ABS resins[39] - The company developed 330 new customers, significantly increasing the number of strategic and terminal clients[47] - New product development led to the trial production and promotion of 8 new polyolefin grades, contributing positively to revenue[50] - The company aims to produce 12,000 tons of the new polyethylene WP4570-H product, which has received initial recognition from downstream manufacturers[66] Cash Flow and Investments - Operating cash inflow increased by 29.70% to ¥44,265,298,111.68 in 2021, while operating cash outflow rose by 32.40% to ¥41,460,538,644.47[74] - Investment cash inflow decreased significantly by 90.66% to ¥11,612,478.19, primarily due to the previous year's recovery of financial investments[74] - The company achieved a net increase in cash and cash equivalents of ¥1,802,009,973.61, a substantial increase of 176.72% year-on-year[74] Environmental and Social Responsibility - The company reported a total sulfur dioxide emissions of 1841.477 tons/year, nitrogen oxides at 1877.707 tons/year, and particulate matter at 496.297 tons/year, exceeding the approved emission limits[158] - The company has implemented environmental protection measures, including the construction of two new environmental projects in 2021, aimed at reducing emissions and improving waste management[163] - The company donated a total of 1.7379 million yuan for poverty alleviation and rural revitalization efforts in 2021, including 800,000 yuan to designated assistance areas[168] - The company emphasizes the importance of environmental protection and sustainable development, increasing investment in environmental initiatives and improving resource utilization efficiency[167] Governance and Management - The company maintains independence from its controlling shareholder in five aspects: business, personnel, assets, organization, and finance[104] - The company has established an independent financial department with its own accounting system and tax obligations[105] - The company has a robust governance structure to protect investor rights, ensuring fair and timely information disclosure to all shareholders[164] - The company has established a scientific compensation management system and benefits-sharing mechanism to protect employee rights and enhance workplace safety[164] Shareholder Information - The total number of common shareholders at the end of the reporting period was 53,604, a decrease from 55,439 in the previous month[197] - The largest shareholder, Northern Huajin Chemical Industry Group Co., Ltd., holds 27.16% of shares, totaling 434,445,409 shares[197] - The company has not experienced any changes in its controlling shareholder during the reporting period[200] - The top ten unrestricted shareholders did not engage in any repurchase agreements during the reporting period[197]