SDHH(SZ:000822)2022-03-24 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥5.85 billion, representing a 58.66% increase compared to ¥3.69 billion in 2020[21]. - The net profit attributable to shareholders for 2021 was approximately ¥604.70 million, a significant turnaround from a net loss of ¥252.24 million in 2020, marking a 339.74% increase[21]. - The net cash flow from operating activities reached approximately ¥940.85 million, compared to a negative cash flow of ¥496.75 million in the previous year, reflecting a 289.40% improvement[21]. - Basic earnings per share for 2021 were ¥0.68, a substantial increase of 342.86% from a loss of ¥0.28 per share in 2020[21]. - The total assets of the company at the end of 2021 were approximately ¥5.57 billion, up 29.36% from ¥4.31 billion at the end of 2020[21]. - The net assets attributable to shareholders increased to approximately ¥3.55 billion, a 16.60% rise from ¥3.04 billion in 2020[21]. - The company reported a weighted average return on equity of 18.21% for 2021, a significant increase from -7.91% in 2020[21]. - The company achieved an annual revenue of CNY 5.85 billion, an increase of 58.66% compared to the previous year[53]. - The net profit attributable to shareholders reached CNY 605 million, reflecting significant operational improvements[53]. Dividend Distribution - The company plans to distribute a cash dividend of ¥0.50 per 10 shares, totaling approximately ¥44.75 million based on 895,091,926 shares[4]. - The company distributed a cash dividend of 1.10 CNY per 10 shares, totaling 98,460,111.86 CNY, based on a total share capital of 895,091,926 shares as of June 30, 2021[142]. - The company approved a cash dividend of 0.50 CNY per 10 shares, amounting to 44,754,596.30 CNY, based on the same total share capital as of December 31, 2021[142]. - The cash dividend policy was executed in compliance with the company's articles of association and shareholder resolutions, with 100% of the profit distribution allocated to cash dividends[142]. Operational Strategy - The company continues to focus on the production and sales of soda ash, bromine, calcium chloride, and raw salt, maintaining a strong market position[32]. - The company’s operational strategy includes direct procurement of major raw materials, optimizing supply chain resources to ensure stable production[38]. - The company anticipates limited supply growth in the soda ash industry due to environmental regulations and uncertainties in new capacity launches[31]. - The company has received support from government policies aimed at promoting the development of the new energy industry, which is expected to drive demand for soda ash[31]. - The company plans to produce 2.85 million tons of soda ash, 1.33 million tons of raw salt, and 9,050 tons of bromine in 2022, with a revenue target of 6.629 billion yuan[92]. Research and Development - The company increased its R&D personnel by 17% and currently holds 13 authorized patents, with 27 more pending[54]. - Research and development expenses increased by 341.32% to ¥2,506,013.83 due to an increase in R&D projects[67]. - R&D investment increased by 30.83% to ¥6,000,659.78 in 2021 from ¥4,586,482.02 in 2020[70]. - The company completed significant R&D projects, including the development of a new potassium carbonate production process aimed at reducing production costs[70]. Environmental Commitment - The company emphasizes safety production and environmental protection, committing to advanced resource-efficient and low-carbon technologies[95][96]. - The company invested CNY 39.68 million in two new SCR catalytic reduction facilities for denitrification, which began trial operation in December 2021[158]. - The company reduced carbon emissions by approximately 75,200 tons through energy-saving measures, including an annual electricity savings of about 14.93 million kWh[165]. - The company has implemented a series of environmental monitoring and management measures, with third-party monitoring ensuring compliance with environmental standards[158]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[162]. Governance and Management - The company has established an independent personnel management department, with senior management not holding positions or receiving compensation from controlling shareholders or their enterprises[102]. - The company has a strategic plan to strengthen its governance structure by appointing qualified individuals to key positions[112]. - The company is focusing on expanding its management team with experienced professionals from various sectors, enhancing its operational capabilities[109]. - The company is actively engaging in board restructuring to align with best practices in corporate governance[108]. - The company reported a total remuneration of 319.6 million yuan for directors, supervisors, and senior management during the reporting period[126]. Risk Management - The company has established internal controls and risk management systems to mitigate risks associated with its hedging activities[86]. - The company emphasizes compliance with legal regulations and market rules in its futures trading operations[86]. - The company is facing risks from macroeconomic fluctuations, market risks, and changes in environmental policies, which could impact profitability[92][95]. Shareholder Information - The total number of shares is 895,091,926, with 100% being unrestricted shares[192]. - The largest shareholder, Shandong Haihua Group Co., Ltd., holds 40.34% of the shares, totaling 361,048,878 shares[195]. - The company reported a significant increase in shareholder numbers, rising from 75,619 to 75,886 during the reporting period[195]. - The company has not issued any new shares or conducted any stock splits during the reporting period[195].