云铝股份(000807) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥41,668,819,175.25, representing a 40.90% increase compared to ¥29,573,100,815.61 in 2020[13]. - The net profit attributable to shareholders for 2021 was ¥3,319,026,414.54, a significant increase of 267.74% from ¥902,555,209.17 in 2020[13]. - The net profit after deducting non-recurring gains and losses was ¥3,311,596,129.99, up 329.63% from ¥770,807,759.16 in 2020[13]. - The net cash flow from operating activities reached ¥6,961,627,863.64, a 39.77% increase from ¥4,980,888,756.78 in 2020[13]. - The basic earnings per share for 2021 was ¥1.06, compared to ¥0.29 in 2020, marking a 265.52% increase[13]. - The total assets at the end of 2021 were ¥37,837,121,415.33, a decrease of 7.76% from ¥41,018,597,713.34 at the end of 2020[14]. - The net assets attributable to shareholders increased by 54.09% to ¥18,191,320,779.96 from ¥11,805,692,887.88 in 2020[14]. - The company reported a weighted average return on equity of 24.56% for 2021, up from 7.94% in 2020[13]. - The company achieved a net profit margin of 8% for the fiscal year 2021, an increase from 6% in the previous year[119]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 1.13 RMB per 10 shares to all shareholders, based on a total of 3,467,957,405 shares[2]. - The company implemented a cash dividend policy, distributing a total of 391,879,186.77 yuan, which accounted for 100% of the total profit distribution[154]. Environmental Commitment - The company emphasizes its commitment to environmental sustainability, branding itself as a "National Environmentally Friendly Enterprise" and promoting "Green Aluminium" initiatives[2]. - The company is committed to promoting its "Green Aluminum" brand and establishing a domestic pricing mechanism for green aluminum products[93]. - The company’s green electricity usage reached about 85% of its total electricity consumption in 2021, significantly reducing carbon emissions compared to coal-powered aluminum[30]. - The company is investing in sustainable practices, aiming for a 30% reduction in carbon emissions by 2025[121]. - The company achieved a 100% compliance rate for industrial waste gas and noise emissions, with all pollution control facilities operating simultaneously at 100%[163]. - The company completed several environmental protection projects, including a 7,000-ton carbon residue resource utilization project and an aluminum electrolysis semi-dry desulfurization project[164]. Production and Capacity - The company has established an electrolytic aluminum production capacity of 3.05 million tons, making it the largest green low-carbon aluminum supplier in China[21]. - The company has achieved an annual production scale of 1.4 million tons of alumina, 3.05 million tons of green aluminum, 800,000 tons of anode carbon, 140,000 tons of aluminum alloy, 135,000 tons of aluminum plate and strip, and 36,000 tons of aluminum foil[26]. - The production of alumina was 1.367 million tons, an increase of 5.96% year-on-year, while the production of carbon products was 781,700 tons, up 10.86% year-on-year[40]. - The production of primary aluminum was 2.3002 million tons, a decrease of 4.41% year-on-year due to power restrictions[40]. - The company reported a capacity utilization rate of nearly 81% for its 500,000-ton hydropower aluminum project as of November 2021[200]. Research and Development - The company applied for a total of 86 patents in 2021, including 18 invention patents and 68 utility model patents[33]. - R&D investment increased by 26.52% to ¥1,491,850,529.57 in 2021, accounting for 3.58% of operating revenue, down from 3.99% in 2020[61]. - The company is investing 500 million CNY in R&D for new technologies in the upcoming year[119]. - Research and development expenditures have increased by 25% to support innovation initiatives[121]. Market Expansion and Strategy - The company is positioned to leverage its unique geographical advantages to expand into the South Asian and Southeast Asian markets[34]. - The company aims to enhance cost competitiveness through comprehensive benchmarking and reducing various costs[92]. - The company is actively planning market expansion and new product development strategies[113]. - The company is focused on developing green core technologies and promoting a circular economy within its operations[87]. - The company has established long-term partnerships with numerous high-quality clients, enhancing its competitive advantage in the market[86]. Governance and Management - The company maintains a robust governance structure, ensuring independence from its controlling shareholder in business, personnel, and financial aspects[106]. - The company has a management system that includes a shareholders' meeting, board of directors, and supervisory board, ensuring independent operations[110]. - The company has a structured approach to determining the remuneration of its management team based on performance metrics[131]. - The company has not reported any penalties from regulatory authorities for its directors and supervisors in the last three years[130]. Financial Management and Compliance - The company has engaged PwC Zhongtian as its accounting firm for the reporting period, ensuring compliance and oversight[11]. - The company has a commitment from China Aluminum Group to avoid competition with Yunnan Aluminum, with plans to integrate operations by 2019[112]. - The company has confirmed the execution of daily related transactions for the year 2021[181]. - The company has not faced any penalties or rectification issues during the reporting period[180]. Risks and Challenges - The management discussion highlights potential risks and countermeasures that the company may face in the future, as detailed in section eleven of the report[2]. - The ongoing global COVID-19 pandemic poses risks to the company's operations, and the company is enhancing communication with customers and suppliers to mitigate these impacts[100]. - The company is actively managing risks related to the supply and price fluctuations of raw materials, including alumina and petroleum coke, by expanding procurement channels and implementing strict inventory management[96]. Community Engagement and Social Responsibility - The company registered over 6,000 volunteers, contributing more than 100,000 hours of service in 2021[169]. - The company is committed to supporting rural revitalization and poverty alleviation, with plans to enhance local economic development through eco-agriculture and technology[170]. - The company purchased 14,800 kg of agricultural products from local villages, amounting to CNY 140,000, to support local farmers[170].