Workflow
英力特(000635) - 2021 Q4 - 年度财报

Business Operations - The company reported a significant change in its main business operations, shifting to the manufacturing of basic chemical raw materials and hazardous chemicals as of November 2021[19]. - The company has undergone multiple changes in its main business focus over the years, with the latest change reflecting a broader range of chemical products and services[19]. - The company’s main products include calcium carbide, lime nitrogen, and polyvinyl chloride resin, among others[19]. - The company’s main products include PVC, E-PVC, caustic soda, and carbide, with applications across various industries such as construction, textiles, and pharmaceuticals[44]. - The company plans to construct a new project with an annual production capacity of 300,000 tons of calcium carbide, which includes the installation of four 40.5 MVA closed calcium carbide furnaces[33]. Financial Performance - The company's operating revenue for 2021 was ¥2,294,978,165.85, an increase of 17.38% compared to ¥1,955,140,585.69 in 2020[21]. - The net profit attributable to shareholders was ¥4,294,957.73, a significant decrease of 93.83% from ¥69,588,426.26 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was -¥12,383,820.32, down 121.12% from ¥58,641,084.60 in 2020[21]. - The total assets at the end of 2021 were ¥3,055,844,326.25, a decrease of 2.50% from ¥3,134,204,218.65 at the end of 2020[21]. - The average return on equity for 2021 was 0.16%, down from 2.60% in 2020[21]. - The company reported a significant decline in diluted earnings per share to ¥0.01, a drop of 95.65% from ¥0.23 in 2020[21]. - The company achieved a main business revenue of 2.2668 billion yuan, an increase of 17.56% compared to the previous year[59]. - The net profit attributable to shareholders was 4.295 million yuan, a decrease of 93.83% year-on-year, primarily due to rising costs of coal and raw materials[59]. Risk Management - The company has acknowledged various risks in its operations, including safety production, quality, environmental risks, and market competition risks[4]. - The company has strengthened its internal control and compliance systems to mitigate operational risks[62]. - The company faces risks related to safety production, quality, and environmental protection due to inadequate management mechanisms[113]. - The company faces macroeconomic risks due to supply-demand imbalances and weakened downstream demand, exacerbated by the COVID-19 pandemic[120]. - The company has established a complete risk control system for its derivative investments, assessing various risks including market and liquidity risks[95]. Corporate Governance - The company’s financial report has been confirmed as true, accurate, and complete by its board of directors and management[4]. - The company has maintained a stable management team with no new appointments or departures reported in the current period[144]. - The company has established a clear profit distribution policy, ensuring transparency in cash dividends and allowing shareholders to express their opinions during meetings[189]. - The company is committed to maintaining compliance with regulatory requirements and enhancing corporate governance practices following recent board changes[145]. - The board of directors held a total of 23 meetings during the reporting period, with decisions documented in various announcements[176]. Investment and Future Plans - The company plans to invest in a project to produce 300,000 tons of calcium carbide annually and a distributed photovoltaic project[61]. - The company is considering strategic acquisitions to enhance its product portfolio and market presence[160]. - The company is actively pursuing new product development and technological advancements to enhance its competitive edge in the chemical industry[150]. - The company plans to continue focusing on expanding its chemical product lines and enhancing operational efficiency to improve profitability[66]. - The company is exploring the hydrogen energy sector through its water electrolysis hydrogen production project[123]. Environmental and Safety Management - The company is currently applying for environmental impact assessments for its projects, including a 300,000-ton carbide technical transformation project approved in January 2021[52]. - The company has implemented energy-saving measures and achieved 100% compliance in hazardous waste disposal[60]. - The company intends to focus on safety and environmental protection, enhancing its operational foundation[112]. - The company has been actively involved in safety and environmental management, with dedicated departments to oversee these areas[170]. Shareholder Relations - The company has actively promoted information disclosure and communication with investors and regulatory bodies[197]. - The company emphasized the importance of investor relations and information disclosure management[130]. - The company has engaged in multiple communications with individual investors regarding its production and operational status throughout January 2021[121]. - The company discussed its annual performance forecast and production conditions with investors in January 2021[121]. Employee and Management Structure - The total number of employees at the end of the reporting period is 2,070[183]. - The company organized 463 training sessions in 2021, with a total of 19,831 participants[186]. - The management team includes several experienced professionals, with the average age being around 50 years, ensuring a blend of experience and innovation[174]. - The total compensation for the management team is linked to the company's performance, with a structured salary system that includes a base salary and performance-based incentives[173]. Market and Sales Performance - PVC sales generated ¥1,649,591,450.52, making up 71.88% of total revenue, with a significant increase of 26.83% from ¥1,300,615,791.52 in 2020[65]. - The total sales volume of PVC decreased by 9.20% to 21 million tons, while production volume fell by 12.05% to 20.65 million tons[70]. - The revenue from the top five customers totaled ¥1,182,462,310.76, accounting for 51.52% of the annual sales[75]. - The company’s direct sales accounted for 18.87% of total revenue, while distribution sales made up 81.13%, with a year-on-year increase of 19.22%[66].