YUEGUI(SZ:000833)2022-03-29 16:00Financial Performance - The company's operating revenue for 2021 was ¥3,058,940,020.42, a decrease of 4.12% compared to ¥3,190,217,905.58 in 2020[18]. - Net profit attributable to shareholders increased significantly by 314.02% to ¥259,778,298.27 from ¥62,745,698.06 in the previous year[19]. - Basic earnings per share rose to ¥0.3887, reflecting a 313.95% increase from ¥0.0939 in 2020[19]. - The company's total assets at the end of 2021 were ¥5,183,597,236.94, representing a 6.21% increase from ¥4,880,555,146.27 at the end of 2020[19]. - The net cash flow from operating activities was ¥257,196,469.34, a slight decrease of 2.99% compared to ¥265,124,048.31 in 2020[19]. - The company reported a net profit of ¥18,122,084.31 from non-recurring gains and losses in 2021, down from ¥217,295,812.47 in 2020[25]. - The company's operating profit reached 36,474.57 million yuan, reflecting a substantial increase of 390.42% from the previous year[46]. - The company achieved a net profit of 25,978 million yuan in 2021, a significant increase of 314.02% compared to the previous year, marking the highest level in its history[44]. Business Operations - The company has expanded its main business to include the mining, processing, and sales of sulfur iron ore, along with the production and sales of sulfuric acid, iron ore powder, and phosphate fertilizer[17]. - The company's main business includes sugar, paper, and organic-inorganic compound fertilizers, with a focus on expanding its mining operations[17]. - The company holds a leading position in the sulfur iron ore industry, accounting for approximately 16% of the national production[35]. - The company plans to promote high-yield, high-sugar cane varieties to improve the sugarcane supply and production efficiency[31]. - The company aims to enhance production efficiency through mechanization and reduce production costs in the sugar industry[31]. - The company is focusing on technological innovation and comprehensive utilization of tailings to enhance its competitive edge[32]. - The company is responding to market pressures by adopting flexible sales strategies and expanding into new markets beyond Guangdong[31]. Market and Sales - The sugar industry saw a production increase of 25.15 million tons in the 2020/2021 period, with total production reaching 1,066.66 million tons[29]. - The demand for paper pulp increased by 2.32% year-on-year, influenced by public health events and maintenance shutdowns in the paper mills[29]. - The company's total revenue from the South China region was ¥2,444,962,358.74, accounting for 79.93% of total revenue, but showing a decline of 14.73% year-on-year[52]. - The sales volume of mechanism sugar increased by 56.35% to 88,086.88 tons, driven by a rise in production[56]. - The sales volume of sulfuric acid rose by 12.02% to 380,186.61 tons, with production increasing by 16.70%[56]. Investments and Financial Management - The company successfully completed a capital increase of 3,498 million yuan for a metal resource utilization project, marking a significant step in expanding its "urban mining" industry segment[45]. - The company reported an investment loss of 302 million yuan, a decrease of 159.74% year-on-year, primarily due to losses from joint ventures[48]. - The company has committed to invest CNY 20,248.43 million in a high-pressure roller mill technology renovation project, which is currently not progressing[93]. - The company has also committed CNY 36,296.02 million for a 100,000 t/a technology renovation project, which is also not progressing[93]. - The company plans to use part of the raised funds to temporarily supplement working capital, with a maximum of CNY 30,000 million allocated for this purpose[90]. Environmental Compliance - Company reported sulfur dioxide emissions of 213.1 tons per year, with a concentration of 158 mg/m³, compliant with the national standard[168]. - Company reported nitrogen oxide emissions of 143.5 tons per year, with a concentration of 106 mg/m³, compliant with the national standard[168]. - Company reported particulate matter emissions of 13.5 tons per year, with a concentration of 10 mg/m³, compliant with the national standard[168]. - The company has implemented measures to ensure compliance with environmental standards across all reported pollutants[168]. - The company has a comprehensive wastewater treatment capacity of 40,000 tons per day, ensuring that pollutant emissions are within the approved limits[172]. Corporate Governance - The company has established a governance structure that ensures independence from its controlling shareholder, maintaining separate operations and financial management[111]. - The board of directors includes members with extensive backgrounds in engineering and management, enhancing the company's strategic direction[119]. - The company is actively involved in the selection and election of board members to ensure effective governance and oversight[118]. - The company has established a comprehensive internal control system to ensure compliance, asset security, and accurate financial reporting, adapting to changing external and internal management requirements[160]. - The company has implemented a remuneration policy that aligns with the highest position held by directors and supervisors for their compensation[139]. Research and Development - Research and development expenses rose to 6,797 million yuan, an increase of 86.29% year-on-year, driven by increased investment in R&D by Yun Sulfide Mining[48]. - R&D investment increased by 90.42% year-on-year, from ¥36,483,497.96 in 2020 to ¥69,471,141.23 in 2021, representing 2.27% of operating revenue[70]. - The number of R&D personnel decreased by 40.65% from 310 in 2020 to 184 in 2021, with the proportion of R&D personnel in total employees dropping from 8.90% to 5.88%[70]. - The company is currently conducting research on several key projects aimed at improving resource utilization and reducing production costs[69]. Employee and Labor Relations - The total number of employees at the end of the reporting period was 3,127, with 2,447 in production, 38 in sales, 269 in technical roles, 52 in finance, and 321 in administration[151]. - The company reported a total remuneration for the current and departing directors, supervisors, and senior management during the reporting period amounted to 1,000,000 CNY[139]. - The company has a structured remuneration management approach for senior management based on performance evaluations[139]. - The total number of outsourced labor hours was 424,793.5, with total payments for outsourced labor amounting to 8,165,045.17 yuan[155]. Future Outlook - The company provided a future outlook projecting a revenue growth of 10% for the next fiscal year, targeting CNY 1.32 billion[126]. - The company plans to invest CNY 200 million in technology upgrades over the next two years to improve operational efficiency[126]. - The company aims to produce 8.55 thousand tons of mechanism sugar and 126 thousand tons of sulfur concentrate in 2022, indicating a focus on expanding production capabilities[105]. - The company is focused on expanding its market presence and exploring new strategies for growth[113].