DQHK(SZ:000985)2022-04-29 16:00Financial Performance - The company's operating revenue for 2021 was ¥2,073,428,194.93, an increase of 17.60% compared to ¥1,763,044,476.17 in 2020[17]. - The net profit attributable to shareholders for 2021 was ¥12,842,754.34, reflecting a growth of 5.88% from ¥12,129,725.55 in 2020[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 211.20% to ¥9,547,556.30 from ¥3,068,025.86 in 2020[17]. - The company's total assets at the end of 2021 amounted to ¥705,436,187.12, a 1.55% increase from ¥694,655,529.43 at the end of 2020[17]. - The weighted average return on net assets for 2021 was 2.19%, up from 2.08% in 2020[17]. - The company reported a net cash flow from operating activities of ¥63,163,053.33, a slight decrease of 1.21% compared to ¥63,938,916.62 in 2020[17]. - The total operating revenue for 2021 was ¥2,073,428,194.93, representing a 17.60% increase from ¥1,763,044,476.17 in 2020[56]. - The gross profit margin for the chemical industry was 5.86%, with operating costs increasing by 19.54% year-over-year to ¥1,951,879,305.00[56]. - The total cost of sales for the year was 1,955,000,000.00 CNY, with a gross margin of approximately 5.55%[67]. - The company achieved operating revenue of 2.073 billion yuan and a net profit of 12.84 million yuan in 2021[53]. Shareholder Information - The company plans to distribute a cash dividend of 0.46 RMB per 10 shares to all shareholders, based on a total of 129,639,500 shares[4]. - The total distributable profit for shareholders was CNY 102.4454 million, after accounting for a net profit of CNY 12.8428 million and retained earnings from the previous year[106]. - The cash dividend accounted for 100% of the total profit distribution, adhering to the policy that at least 80% of profits should be distributed as cash dividends during the mature phase of the company[106]. - The company did not make any adjustments or changes to its cash dividend policy during the reporting period[106]. Business Operations - The company has not changed its business scope during the reporting period, which includes the production and sales of chemical products and health food[15]. - The company has undergone several changes in its major business operations since its establishment, including the addition of import and export business in 2001[15]. - The company produces a range of products including C9 and C5 resins, refined acetonitrile, and polypropylene, widely used in various industrial applications[42]. - The company has a production capacity of 14,000 tons/year for dark C9 resin and 6,000 tons/year for hot polymerized C9 resin, with stable product quality and target customers[32]. - The company’s main product categories included polypropylene and its modified products, which generated ¥760,916,295.09, accounting for 36.70% of total revenue, with a 20.40% year-over-year increase[56]. Market Outlook - The company anticipates a stable growth in the petrochemical industry in 2022, driven by energy transformation and demand growth in the new energy sector[25]. - The demand for C5 petroleum resin, a key product of the company, is expected to maintain a growth trend due to its wide applications in various industries[29]. - The company is expanding its market presence, targeting a 25% increase in market share in the next fiscal year[79]. - New product launches are expected to contribute an additional 300 million RMB in revenue in 2022[82]. Research and Development - The company has a stable core management team and a professional R&D team of 68 members, including 34 senior engineers[51]. - Research and development expenses for 2021 were CNY 7,584,466.29, slightly down from CNY 8,550,467.12 in 2020, a decrease of 11.3%[172]. - The company is in the trial production phase for several new products, including C5/C9 copolymer resin, aimed at enhancing product variety and profitability[64]. - Research and development investments increased by 30%, totaling 150 million RMB in 2021[80]. Risk Management - The company faces risks from macroeconomic fluctuations, energy policies, and international oil price volatility, which could impact operational performance[34][39]. - To mitigate risks, the company is focusing on high-value product development and optimizing production processes to enhance competitiveness[41]. - The company’s risk management capabilities were enhanced through the establishment of a comprehensive internal control system, effectively mitigating operational risks[55]. Environmental and Social Responsibility - The company maintained a zero incident rate for environmental pollution throughout the year, achieving 100% compliance in various safety and health metrics[55]. - The company reported a year-on-year decrease in CO2 emissions by 657.89 tons due to enhanced energy-saving measures and optimized production processes[117]. - The company has actively engaged in social responsibility initiatives, balancing economic and social benefits[119]. - The company invested 3.69 million yuan in safety production measures, including monitoring and health checks for employees[121]. Governance and Compliance - The company maintains a complete and independent governance structure, ensuring compliance with relevant laws and regulations[76]. - The financial statements are audited by Dahua Certified Public Accountants[16]. - The audit opinion for the financial statements is a standard unqualified opinion, indicating fair representation of the company's financial status as of December 31, 2021[150]. - The company has established a comprehensive salary management system, aligning compensation with industry standards and company performance[100]. Employee Information - The total number of employees at the end of the reporting period is 573, with 386 in production, 115 in technical roles, and 18 in sales[99]. - The total salary expense for employees is CNY 9,928.33 million, accounting for 4.82% of total costs, with R&D personnel salaries totaling CNY 740.86 million, representing 7.46% of total salary expenses[102]. - A total of 94 internal training sessions were completed, training 4,126 employees, while 51 external training sessions trained 190 employees, enhancing skills and responsibility[102].