HBYH(SZ:000422)2022-04-08 16:00Financial Performance - The company reported a total revenue of 10.5 billion RMB for the year 2021, representing a year-on-year increase of 15%[19]. - The net profit attributable to shareholders was 1.2 billion RMB, an increase of 20% compared to the previous year[19]. - The company's operating revenue for 2021 was ¥18,544,062,134.24, representing a year-over-year increase of 34.33% from ¥13,804,699,864.62 in 2020[25]. - The net profit attributable to shareholders for 2021 was ¥1,569,026,236.42, a significant increase of 1,255.01% compared to ¥115,794,866.77 in 2020[25]. - The total profit amounted to ¥2,243,818,661.22, reflecting a significant year-on-year growth of 844.01%[77]. - Net profit attributable to shareholders reached ¥1,569,026,236.42, marking a year-on-year increase of 1,255.01%[77]. - The revenue from fertilizer products was ¥7,445,434,242.81, accounting for 40.15% of total revenue, with a year-on-year growth of 12.54%[78]. - Chemical products generated revenue of ¥9,260,770,610.10, which is 49.94% of total revenue, showing a year-on-year increase of 53.70%[78]. - Domestic sales contributed ¥15,353,094,036.98, representing 82.79% of total revenue, with a year-on-year growth of 36.59%[80]. - The company achieved a total operating revenue of ¥18,544,062,134.24, representing a year-on-year increase of 34.33%[77]. Production Capacity and Operations - The company plans to expand its production capacity by 25% in the next fiscal year to meet growing market demand[19]. - The company has a total urea production capacity of 1.56 million tons, with subsidiaries contributing 1.04 million tons and 520,000 tons respectively[43]. - The company possesses a diammonium phosphate production capacity of 1.26 million tons, with subsidiaries producing 660,000 tons and 600,000 tons respectively[46]. - The company has a PVC production capacity of 840,000 tons, with subsidiaries contributing 300,000 tons and 300,000 tons respectively[50]. - The company reported a production capacity of 300,000 tons/year for synthetic ammonia and 520,000 tons/year for urea[5]. - The company has a production capacity of 400,000 tons/year for calcium carbide and 300,000 tons/year for chlorinated ethylene[6]. - The company has a production capacity of 1.2 million tons/year for sulfuric acid and 300,000 tons/year for phosphoric acid[7]. - The company has a production capacity of 20,000 tons/year for acetylene and 40,000 tons/year for hydrogen chloride[8]. - The company achieved a urea production capacity of 1.56 million tons with a utilization rate of 95.49%[55]. - The company has a total of 126,000 tons of diammonium phosphate production capacity, with a utilization rate exceeding 100% at 113.26%[55]. Research and Development - The company has invested 500 million RMB in R&D for new product development, focusing on eco-friendly chemical solutions[19]. - The company holds 20 invention patents and 2 utility model patents for urea production, showcasing its strong R&D capabilities[53]. - Research and development expenses increased by 117.87% to ¥710,640,310.64 due to the increase in R&D projects[92]. - The number of R&D personnel increased by 42.18% from 422 in 2020 to 600 in 2021, representing 7.50% of the total workforce[109]. - R&D investment rose by 117.87% from ¥326,179,771.96 in 2020 to ¥710,640,310.64 in 2021, accounting for 3.83% of operating revenue[109]. Market Strategy and Expansion - User data indicates a 30% increase in the customer base, reaching 1.5 million active users by the end of 2021[19]. - Future guidance estimates a revenue growth of 10-15% for 2022, driven by new product launches and market expansion[19]. - The company is actively expanding both domestic and international markets while strengthening cooperation with strategic clients[41]. - The company plans to continue expanding its market presence and enhancing product development in response to industry opportunities[77]. - Hubei Yihua plans to expand its market presence and is actively pursuing mergers and acquisitions to enhance its competitive edge[165]. Environmental and Safety Initiatives - The company is committed to adhering to environmental regulations and improving safety management to mitigate environmental and safety risks[141]. - The company is currently developing key technologies for the deep treatment and reuse of phosphorus chemical wastewater, aiming for an 85% resource recovery rate and an 80% water resource reuse rate[99]. - The company has implemented advanced clean production technology in the caustic soda industry, significantly reducing operational costs[54]. - The company is committed to advancing its environmental strategy through technological innovation and process improvements, reinforcing its position as a green chemical enterprise[97]. Governance and Management - The company emphasizes transparent governance and the protection of minority shareholders' rights in its decision-making processes[147]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations, with clear separation of ownership[151]. - The company has established an independent financial department with its own accounting system and tax registration, ensuring no shared bank accounts with controlling shareholders[152]. - The company has a structured approach to human resources management, ensuring independence in personnel matters[151]. - The company has not engaged in any related party transactions that could harm the interests of minority shareholders[151]. Financial Health and Investments - The net cash flow from operating activities for 2021 was ¥3,658,608,151.44, reflecting a 190.20% increase from ¥1,260,708,214.74 in 2020[25]. - The company's total assets increased, with cash and cash equivalents rising to ¥3,843,867,716.39, representing 18.42% of total assets[115]. - The total liabilities decreased, with short-term borrowings dropping from ¥3,592,378,802.06 in 2020 to ¥2,567,025,072.97 in 2021, a reduction of 4.02%[115]. - The company has ongoing significant non-equity investments, including a self-built project for 20,000 tons/year of hydroxymethyl propylene with an investment of ¥71,519,572.48, achieving 100% of the expected return of ¥51,700,000.00[124]. - The company also has a self-built project for 60,000 tons/year of biodegradable materials with an investment of ¥49,898,747.92, currently under construction, with an expected return of ¥93,800,000.00[124].