ST实华(000637) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 5,572,424,946.92, representing a 39.38% increase compared to CNY 3,997,922,191.85 in 2020[19] - The net profit attributable to shareholders in 2021 was CNY 82,058,400.47, a significant increase of 463.95% from CNY 14,550,616.61 in 2020[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 70,177,062.22, up 710.05% from CNY 8,663,321.71 in the previous year[19] - The basic earnings per share for 2021 was CNY 0.16, an increase of 433.33% compared to CNY 0.03 in 2020[19] - The total profit for 2021 was 11.88 billion, a significant increase from 5.89 billion in 2020, representing a growth of approximately 101.7%[24] - The total profit tax impact for 2021 was 3.71 billion, compared to 2.08 billion in 2020, reflecting an increase of approximately 78.3%[24] Assets and Liabilities - The total assets at the end of 2021 were CNY 2,887,679,231.03, reflecting a 50.31% increase from CNY 1,921,187,036.16 at the end of 2020[20] - The net assets attributable to shareholders at the end of 2021 were CNY 1,036,150,908.16, a 14.00% increase from CNY 908,906,417.88 at the end of 2020[20] - The company's inventory increased by 49.70% to 30,037.33 tons in 2021, compared to 20,065.36 tons in 2020[66] - Short-term borrowings surged to 616,187,550, making up 21.34% of total liabilities, compared to 199,781,642 (9.59%), an increase of 11.75%[83] - Long-term borrowings reached 369,663,555, representing 12.80% of total liabilities, up from 124,700,000 (5.98%), a rise of 6.82%[83] Cash Flow - The net cash flow from operating activities for 2021 was CNY 61,218,330.54, a decrease of 11.71% compared to CNY 69,341,087.47 in 2020[19] - Operating cash inflow increased by 37.61% to ¥6,343,939,946.73, while operating cash outflow rose by 38.36% to ¥6,282,721,616.19[79] - The net cash flow from investment activities improved by 14.91%, with a net outflow of ¥479,694,941.59[79] Production and Sales - The company operates in the manufacturing sector, primarily engaged in the production and sales of petrochemical products, including liquefied petroleum gas, polypropylene, and industrial hydrogen peroxide[34] - The annual production capacity for polypropylene is 160,000 tons, with a utilization rate of 100%[40] - The company successfully produced 79,600 tons of hydrogen peroxide and 58,800 tons of carbon nine oil products in 2021[56] - The sales volume from direct sales increased by 11.3 percentage points year-on-year in 2021, indicating a strong market presence[38] - The company completed the sale of 209,000 tons of polypropylene with a sales rate of 98.3%[53] Market and Industry Trends - The petrochemical industry in 2021 experienced a "high first half and low second half" trend, with a notable increase in polypropylene capacity by 7 million tons/year, leading to intensified competition[28] - The company anticipates that the petrochemical industry will face challenges in 2022, including uncertainties from the COVID-19 pandemic and global economic pressures, while still expecting positive growth trends[29] - The company is positioned to benefit from the growth opportunities in the clean energy sector, driven by the "dual carbon" policy and the development of new energy materials[29] Research and Development - The company has established two provincial-level engineering technology research centers and holds over 40 proprietary patents, enhancing its R&D capabilities in high-performance and high-end application products[44] - The company is focused on enhancing its technological capabilities and product innovation to meet the evolving demands of the chemical industry[44] - Research and development expenses decreased by 4.70% to ¥13,732,730.00 compared to the previous year[74] Environmental and Social Responsibility - The company is committed to energy-saving and emission-reduction measures in response to stricter energy policies, including upgrading existing facilities and increasing the use of renewable energy[32] - The company has actively participated in rural revitalization, including purchasing agricultural products from Weihua Town to support local farmers[184] - The company and its employees donated CNY 133,600 for poverty alleviation activities in 2021[182] Governance and Management - The company has maintained a governance structure that aligns with legal and regulatory requirements, with no significant discrepancies noted[114] - The company has implemented a performance evaluation system for senior management to enhance operational efficiency[113] - The company has not engaged in any related party transactions that could compromise its operational independence[110] Legal and Compliance - The company is currently involved in a legal case with a claim of 2,000 yuan, which is still under review[200] - The company has reported a total of 2,656.5万元 in claims related to bankruptcy proceedings, with no creditor meetings held yet[197] - The company has not faced any administrative penalties related to environmental issues during the reporting period[182]