本钢板材(000761) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥77,912,144,981.46, representing a 60.03% increase compared to ¥48,684,792,685.58 in 2020[28] - The net profit attributable to shareholders of the listed company reached ¥2,500,582,902.58, a significant increase of 550.77% from ¥384,252,740.78 in the previous year[28] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,517,758,656.14, up 560.02% from ¥381,469,784.99 in 2020[28] - Basic earnings per share increased to ¥0.60, reflecting a 500.00% rise from ¥0.10 in the previous year[28] - The company achieved a sales revenue of 77.912 billion yuan, representing a year-on-year increase of 60%[53] - The profit for the year reached 3.435 billion yuan, a significant increase of 724.16% compared to the previous year[53] - The total operating revenue for the year reached ¥77.91 billion, a 60.03% increase compared to ¥48.68 billion in the previous year[61] Cash Flow and Dividends - The net cash flow from operating activities was ¥413,473,454.04, a turnaround from a negative cash flow of ¥2,039,000,213.29 in 2020, marking a 120.28% improvement[28] - The company plans to distribute a cash dividend of ¥6.00 per 10 shares (before tax) to all shareholders, with no bonus shares issued[7] - The total cash dividend distribution for the first half of 2021 was CNY 1,942,530,302.5, with a payout of CNY 5 per 10 shares[189] - The company plans to distribute a cash dividend of CNY 6 per 10 shares for the fiscal year 2021, totaling CNY 2,464,914,827.4[189] - The total distributable profit for the period was 2,977,306,297.64 CNY, with cash dividends accounting for 82.79% of the total profit distribution[1] Production and Sales - The production of pig iron was 9.838 million tons, a decrease of 2.3% year-on-year, while crude steel production increased by 1.24% to 10.438 million tons[53] - The company’s production volume reached 13.99 million tons, an 8.16% increase from the previous year, while sales volume was 13.88 million tons, up by 7.06%[65] - Steel plate sales accounted for 89.84% of total revenue, generating ¥69.99 billion, a 54.43% increase from the previous year[61] - The Northeast region contributed ¥31.50 billion to revenue, representing 40.43% of total sales, with a 54.27% year-on-year growth[61] Research and Development - Research and development expenses increased by 48.47% to ¥56,401,594.44 in 2021, compared to ¥37,989,623.28 in 2020[77] - The company has filed 193 patent applications, including 107 invention patents, demonstrating strong innovation capabilities[51] - The company developed 20 cold series products, 15 hot series products, and 14 special steel products, with a total of 100 research projects initiated, marking a 69.5% year-on-year increase[56] - The number of R&D personnel increased by 3.81% to 1,798, although the proportion of R&D personnel to total employees decreased to 9.53%[84] Governance and Management - The company has established a clear governance structure, ensuring compliance with relevant laws and regulations[135] - The board of directors operates independently, with specialized committees for audit, strategy, nomination, and compensation[136] - The company maintains independence from its controlling shareholder, ensuring separate operations in business, personnel, assets, and finance[138] - The company has a structured governance framework, with clear roles defined for directors and supervisors[148] - The company reported a significant leadership change with multiple executives resigning, including the Chairman and several Vice Presidents, effective November 18, 2021[150] - The company has a new management team in place, with Lin Dong appointed as the new General Manager on November 18, 2021[150] Risks and Challenges - The steel industry is expected to face challenges in achieving high-quality development due to the impact of the "dual carbon" goals and market uncertainties[44] - The company faces significant environmental risks due to increasing regulatory pressures and aims to improve its environmental performance[126] - The company is addressing energy risks by improving production processes and enhancing energy efficiency to ensure normal operations[127] - The company anticipates a slight slowdown in market demand for steel due to various economic uncertainties and aims to focus on high-margin products[128] Employee and Training - The total number of employees at the end of the reporting period was 18,858, with 15,083 in production roles[183] - The company completed 80 training projects in 2021, training 14,474 employees, achieving a training rate of 70%[188] - The company’s workforce includes 13 individuals with doctoral degrees and 351 with master's degrees[186] - The company’s annual training plan execution rate reached 85% in 2021[188] Financial Management - The total operating cost for the steel rolling industry in 2021 was ¥71,891,598,336.96, a 55.06% increase from ¥46,392,180,562.59 in 2020[70] - The cost of raw materials accounted for 51.94% of the total operating cost in 2021, increasing from 49.88% in 2020[70] - The company has established a digital and intelligent enterprise model, focusing on automation and innovative technologies to boost productivity[56] - The company has a cash dividend policy that complies with its articles of association and shareholder resolutions[1]