Alcha(SZ:002160)2022-04-26 16:00Financial Performance - The company's operating revenue for 2021 was CNY 6,233,353,171.94, representing a 42.42% increase compared to CNY 4,376,851,245.18 in 2020[25]. - The net profit attributable to shareholders for 2021 was CNY 103,935,477.08, a significant increase of 369.21% from CNY 22,151,170.45 in 2020[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 92,233,542.04, compared to a loss of CNY 1,220,142.89 in 2020, marking a 7659.24% increase[25]. - The basic earnings per share for 2021 was CNY 0.1306, up 368.10% from CNY 0.0279 in 2020[26]. - The total assets at the end of 2021 were CNY 7,100,616,697.41, reflecting a 9.11% increase from CNY 6,507,582,475.31 at the end of 2020[26]. - The company reported a net cash flow from operating activities of -CNY 77,751,890.51 in 2021, a decrease of 141.40% compared to CNY 187,794,984.50 in 2020[25]. - The weighted average return on equity for 2021 was 3.35%, up from 0.73% in 2020, indicating improved profitability[26]. - The total operating revenue for the company in 2021 was approximately ¥6.23 billion, representing a 42.42% increase compared to ¥4.38 billion in 2020[45]. - The industrial segment contributed ¥5.64 billion, accounting for 90.44% of total revenue, with a year-on-year growth of 42.08%[46]. - The service segment generated ¥596 million, which is 9.56% of total revenue, showing a growth of 45.68% compared to the previous year[46]. Business Strategy and Expansion - The company has extended its business into the pharmaceutical clean technology sector, reducing its previous over-reliance on aluminum processing[9]. - The company has improved its risk resilience by diversifying into the pharmaceutical clean technology sector, which has lower cyclical risks[9]. - The company has expanded its business scope to include investment management and medical device manufacturing, in addition to its core aluminum products[24]. - The company aims to optimize its product structure and enhance its competitive edge by transitioning from material products to comprehensive service solutions[38]. - The company is focusing on expanding its market presence in the automotive and air conditioning sectors, particularly in the context of the growing demand for lightweight materials in new energy vehicles[39]. - The company plans to optimize the internal structure of its aluminum processing segment, focusing on enhancing service capabilities in the automotive sector, particularly in the new energy vehicle market[73]. - The company aims to promote sustainable development and improve profitability through product structure transformation and upgrading[73]. Risks and Challenges - The company reported a significant reliance on the aluminum rolling processing business, which is sensitive to macroeconomic changes and commodity price fluctuations[6]. - Rising labor costs in developed regions of China pose challenges, and the company must enhance efficiency through automation and high-value products[10]. - The company faces risks from policy adjustments in the aluminum industry, which could negatively impact operational performance and profitability[7]. - The company operates in a cyclical industry, with potential adverse effects from economic downturns on its production and profitability[6]. Governance and Compliance - The company’s governance structure must align with its expanded business scope to avoid management integration risks[9]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and operations[79]. - The company has established an independent financial accounting system and tax compliance, ensuring no guarantees are provided against its assets or reputation[80]. - The company emphasizes the importance of compliance with securities laws and regulations to protect the interests of minority shareholders[92]. - The company has a strong governance structure with a diverse board of directors, including professionals with expertise in various fields[86]. - The company has implemented measures to enhance the awareness of regulatory compliance among its management team[92]. - The company is focused on strengthening its governance structure to prevent future compliance issues[92]. Research and Development - Research and development expenses increased by 35.21% to ¥208,669,490.84 in 2021, compared to ¥154,324,992.93 in 2020[56]. - The number of R&D personnel increased by 12.22% to 349 in 2021, compared to 311 in 2020[58]. - The company is currently developing several new products, including high-performance aluminum alloys and graphene-modified hydrophilic coatings, aimed at increasing market share[57]. - The company has established a national-level enterprise technology center and a provincial engineering technology center to support innovation and product development[41]. Shareholder Information - The company’s controlling shareholder changed from Changshu Aluminum Foil Factory to Qilu Financial Investment Group on December 17, 2021, with Qilu Financial acquiring 9% of the total share capital[24]. - The total shares held by directors and senior management at the end of the reporting period amounted to 42,905,100 shares, down from 46,085,100 shares at the beginning of the period, reflecting a reduction of approximately 7.5%[84]. - The company received a warning letter from the China Securities Regulatory Commission regarding a stock reduction by a director, which involved 3.16 million shares, accounting for 0.40% of the total share capital, with a transaction amount of 11.69 million yuan[91]. - The company reported a total of 65,013 shareholders at the end of the reporting period, an increase from 60,759 at the end of the previous month[166]. Environmental and Sustainability Efforts - The company has established an ISO14001 environmental management system and has been maintaining it since 2006[118]. - The company implemented measures to reduce carbon emissions by purchasing some recycled aluminum materials[120]. - The company has set energy consumption targets of 515 kg of standard coal per ton during the 13th Five-Year Plan period[119]. Financial Stability and Liabilities - The company’s total liabilities amounted to RMB 39,497.59 million, an increase from RMB 34,533.31 million in 2020, representing a growth of about 11.3%[188]. - The company’s cash and cash equivalents stood at RMB 592.08 million, compared to RMB 536.05 million in the previous year, showing an increase of approximately 10.4%[186]. - The company’s long-term borrowings decreased to RMB 126.83 million from RMB 276.33 million in 2020, indicating a reduction of about 54.1%[188]. - The company has significant guarantees totaling 100 million yuan, with actual guarantees amounting to 0 during the reporting period[151].