NOVEL(SZ:002014)2022-02-24 16:00Financial Performance - The company's operating revenue for 2021 was CNY 3,023,694,551.66, representing a 10.45% increase compared to CNY 2,737,497,376.96 in 2020[19] - The net profit attributable to shareholders was CNY 315,913,031.07, a 4.25% increase from CNY 303,032,141.63 in the previous year[19] - The net profit after deducting non-recurring gains and losses was CNY 279,628,359.55, which is a 1.43% increase from CNY 275,681,402.93 in 2020[19] - The basic earnings per share increased to CNY 0.63, up 3.28% from CNY 0.61 in 2020[19] - The diluted earnings per share rose to CNY 0.62, reflecting a 5.08% increase from CNY 0.59 in the previous year[19] - The total assets at the end of 2021 were CNY 3,009,639,907.94, a 1.86% increase from CNY 2,954,630,295.32 at the end of 2020[20] - The net assets attributable to shareholders increased to CNY 2,128,623,399.86, which is a 6.91% increase from CNY 1,991,118,467.36 in 2020[20] - The cash flow from operating activities decreased by 46.00% to CNY 296,233,778.62 from CNY 548,623,540.95 in the previous year[19] Revenue Breakdown - The revenue from the rubber and plastic products sector was CNY 2,774.47 million, accounting for 91.76% of total revenue, with a year-on-year growth of 9.41%[43] - The company reported a gross margin of 20.41% in the rubber and plastic products sector, a decrease of 2.88% from the previous year[44] - The international market revenue grew by 26.39% year-on-year, reaching CNY 289.97 million, indicating successful market expansion efforts[43] - Domestic market revenue was ¥2,627,532,816.45, up 20.61% year-on-year, while international market revenue reached ¥289,972,227.58, an increase of 18.07%[45] Research and Development - The company is actively investing in new packaging technology research and development to enhance its competitive advantage[30] - Research and development expenses amounted to ¥121,105,571.43, a 7.39% increase compared to the previous year, representing 4.01% of total revenue[54] - The company introduced 27 utility model patents and 9 invention patents during the reporting period, enhancing its technological innovation capabilities[40] Market Strategy - The company aims to develop environmentally friendly, functional, and lightweight plastic packaging materials in response to increasing environmental regulations[30] - The company is focusing on product structure adjustment and new market development, successfully expanding into cheese packaging and e-commerce collaborations[39] - The company plans to enhance its new materials business and accelerate the development of differentiated products in 2022[69] - The company aims to strengthen marketing management and expand international market partnerships to enhance brand recognition[69] Corporate Governance - The company maintains a robust corporate governance structure, ensuring compliance with relevant laws and regulations[75] - The company operates independently from its controlling shareholders in terms of business, personnel, assets, and finances, ensuring no conflicts of interest[78] - The company has established an independent financial accounting system and decision-making process, ensuring financial autonomy[79] - The total shares held by senior management at the end of the reporting period amounted to 10,149,617 shares, with an increase of 44,200 shares during the period[83] Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities, with specific emissions monitored and reported[130] - The company has implemented advanced pollution control technologies, ensuring emissions meet relevant standards[131] - The company has improved waste gas collection rates by enhancing equipment sealing and management practices[131] - The company has been rated as Class A in environmental protection grading for VOCs emissions in Guangdong Province[131] Financial Management - The company reported a total of 514,016,724 shares outstanding, with 2.45% being restricted shares prior to the current period, which decreased to 1.92% after a reduction of 2,741,850 shares[177] - The company has not faced any major litigation or arbitration matters during the reporting period[152] - The total amount of related party transactions during the reporting period was 78.49 million CNY, which is within the approved limit of 84 million CNY[155] - The company did not engage in any cash asset management through entrusted financial management during the reporting period[169] Employee Engagement - The total number of employees at the end of the reporting period is 2,131, with 1,080 in the parent company and 1,051 in major subsidiaries[106] - The company has implemented an annual training plan based on employee needs and development requirements, including internal and external training[108] - The company focuses on talent development and improving employee working conditions, including annual health check-ups and various employee engagement activities[134] Audit and Compliance - The audit opinion for Huangshan Yongxin Co., Ltd. is a standard unqualified opinion, indicating that the financial statements fairly reflect the company's financial position as of December 31, 2021[197] - The audit was conducted in accordance with Chinese CPA auditing standards, ensuring independence and adherence to professional ethics[198] - Key audit matters were identified based on professional judgment, focusing on the most significant aspects of the financial statement audit[199]