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 were ¥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 in 2020[26]. - The company's cash flow from operating activities for 2021 was ¥2,804,759,467.21, a slight decrease of 0.35% from ¥2,814,637,063.20 in 2020[26]. - The weighted average return on equity for 2021 was 6.43%, up from 2.40% in 2020, indicating improved profitability[26]. Revenue Breakdown - Total revenue for the year reached ¥38,552,307,181.15, 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]. - The petrochemical sector contributed CNY 32.89 billion, accounting for 85.32% of total revenue, with a year-on-year growth of 24.63%[52]. - The fertilizer segment saw a significant increase in revenue, reaching CNY 2.81 billion, up 63.83% from the previous year[52]. - The revenue from the petrochemical industry reached ¥32,894,260,369.78, representing a 24.63% increase year-over-year, with a gross margin of 19.23%[56]. Profitability and Costs - The overall industry revenue profit margin was 8.04%, the highest level since 2010, with a year-on-year increase of 3.43 percentage points[37]. - The gross profit margin for crude oil processing and petroleum products was 21.86%, with revenue increasing by 31.16% year-over-year[56]. - The company reported a significant increase in the cost of methanol, which rose by 2,193.63% to ¥33,058,622.55[60]. Cash Flow and Investments - Operating cash inflow totaled ¥44,265,298,111.68 in 2021, representing a 29.70% increase from ¥34,129,195,181.12 in 2020[71]. - Operating cash outflow increased by 32.40% to ¥41,460,538,644.47 in 2021, primarily due to rising crude oil prices[71]. - Investment cash inflow decreased by 90.66% to ¥11,612,478.19, mainly due to the previous year's recovery of financial investments[71]. Research and Development - R&D investment amounted to ¥124,678,720.34 in 2021, an increase of 9.07% from ¥114,314,885.53 in 2020[71]. - The company is focused on developing high-value-added products and enhancing market competitiveness through ongoing R&D efforts[70]. - The company aims to produce 12,000 tons of the new polyethylene WP4570-H product, which has received initial recognition from downstream manufacturers[66]. Market and Industry Trends - The company anticipates a slow recovery in the global economy post-COVID-19, with increased demand for high-quality petrochemical products[88]. - The domestic market for high-end specialty chemicals remains in a state of supply shortage, presenting market opportunities for the company's structural adjustment and transformation[90]. - The company is under pressure from increased competition due to new investments from emerging private enterprises and foreign companies, leading to a serious oversupply of regional products[91]. Corporate Governance - The company maintains independence from its controlling shareholder in five aspects: business, personnel, assets, organization, and finance, ensuring complete operational autonomy[104]. - The company has established an independent financial department with its own accounting system and tax obligations[105]. - The company adheres to the information disclosure requirements set by the Shenzhen Stock Exchange, ensuring timely and accurate communication with shareholders[104]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[156]. - The company reported a total sulfur dioxide emissions of 1,841.477 tons/year, nitrogen oxides at 1,877.707 tons/year, and particulate matter at 496.297 tons/year, exceeding the approved emission limits[158]. - The company has implemented two new environmental protection projects in 2021, including a waste alkali treatment project and a tail gas treatment system for the sulfur workshop[163]. Social Responsibility - 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’s commitment to social responsibility is evident through its various initiatives aimed at enhancing the self-sufficiency of impoverished regions[170]. Shareholder Information - The total number of shares remains unchanged at 1,599,442,537, with no new shares issued[189]. - The largest shareholder, Northern Huajin Chemical Industry Group Co., Ltd., holds 27.16% of shares, totaling 434,445,409 shares[194]. - The company’s controlling shareholder remains unchanged during the reporting period[197].