JINJIA(SZ:002191)2022-04-15 16:00Financial Performance - The company's operating revenue for 2021 was ¥5,067,077,177.19, representing a 20.89% increase compared to ¥4,191,426,341.33 in 2020[32]. - The net profit attributable to shareholders for 2021 was ¥1,019,743,277.37, which is a 23.82% increase from ¥823,590,253.75 in 2020[32]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥822,087,495.99, up by 5.49% from ¥779,281,999.73 in 2020[32]. - The basic earnings per share for 2021 was ¥0.70, reflecting a 25.00% increase from ¥0.56 in 2020[32]. - The total assets at the end of 2021 amounted to ¥10,328,082,019.93, a 14.67% increase from ¥9,006,772,928.24 at the end of 2020[32]. - The net cash flow from operating activities for 2021 was ¥860,758,443.84, a decrease of 17.67% compared to ¥1,045,444,375.59 in 2020[32]. - The weighted average return on net assets for 2021 was 13.49%, an increase from 11.45% in 2020[32]. - The company achieved total operating revenue of 506,707.72 million yuan in 2021, representing a year-on-year growth of 20.89%[70]. - The net profit attributable to shareholders reached 101,974.33 million yuan, an increase of 23.82% compared to the previous year[70]. Dividend and Profit Distribution - The company reported a profit distribution plan, proposing a cash dividend of 3.50 CNY per 10 shares (including tax) based on a total of 1,470,887,550 shares[8]. - The company has not issued any bonus shares and does not plan to increase capital from reserves[8]. Risks and Challenges - The company faces several risks including industry policy risks, new product market development risks, and rising raw material prices affecting gross margins[8]. - Future outlook includes addressing risks related to management and human resources, as well as potential impacts from acquisitions[8]. - The company is facing risks related to industry policies, particularly in the tobacco sector, which may impact sales and pricing of cigarette labels[167]. - The company is committed to mitigating risks associated with new product market development through thorough market research and leveraging existing resources[168]. - The company aims to reduce the impact of rising raw material prices on gross margins through economies of scale and improved management practices[170]. Market and Product Development - The company is focused on expanding its market presence and developing new products and technologies[8]. - The company continues to focus on high-tech and high-value-added products, including new tobacco products and packaging materials[31]. - The company aims to become a comprehensive packaging solution provider, integrating design, production, logistics, and marketing[50]. - The company has established a strong presence in the new tobacco industry through compliance and service-oriented strategies, focusing on several key segments of the industry chain[52]. - The company is actively exploring new technologies in packaging materials, focusing on laser packaging materials and biodegradable options[63]. - The company is focusing on enhancing its service network and operational efficiency to capture market demand and increase market share[162]. Research and Development - Continuous R&D investment is emphasized to enhance product quality and compliance with regulations, particularly in protecting minors[61]. - The company has established a strong R&D system, focusing on new tobacco products, including e-cigarettes and CBD vaping devices, with a comprehensive product line[68]. - Research and development (R&D) investment amounted to ¥238,585,758.36 in 2021, an increase of 17.52% compared to ¥203,020,149.16 in 2020[102]. - The number of R&D personnel increased by 25.09% from 538 in 2020 to 673 in 2021, with the proportion of R&D personnel to total employees slightly decreasing from 10.75% to 10.29%[102]. - The company achieved mass production of several new technologies, including a pulse laser technology for intelligent counting and a special printing technology for 3D anti-counterfeiting packaging[98]. Corporate Governance and Management - The board of directors and supervisory board confirm the accuracy and completeness of the annual report, despite one director being unable to fulfill their duties[5]. - The company has established a complete internal control system and governance structure in compliance with relevant laws and regulations, ensuring effective supervision and balance[178]. - The company has maintained independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring autonomous operations[183]. - The company has implemented a performance evaluation and incentive mechanism linking executive compensation to company performance, promoting healthy development[178]. - The company respects and protects the rights of stakeholders, actively engaging in social responsibilities such as environmental protection and tax compliance[179]. Investments and Acquisitions - The company made several strategic investments and acquisitions, including establishing subsidiaries in Zunyi and Indonesia, and acquiring a 70% stake in Qingdao Yingnuo, enhancing its market share in high-end packaging materials[77]. - The company has ongoing investments in projects such as the RFID-based intelligent IoT operation support system, with a total actual investment of ¥196,681,772.32[122]. - The company reported a cumulative actual investment of ¥528,343,951.57 in the new material boutique packaging project, with expected returns of ¥124,727,200[122]. - The company is considering strategic acquisitions to bolster its product offerings, with a budget of 300 million RMB allocated for potential deals[200]. Shareholder and Executive Information - The total shares held by the financial responsible person increased from 672,000 to 1,012,000, reflecting an increase of 50.6% due to the acquisition of restricted stock incentives[191]. - The total shares held by the company's executives increased by 3,790,000 shares during the reporting period, resulting in a total of 32,815,972 shares[191]. - The chairman, Qiao Luyu, has held the position since November 27, 2003, and currently holds no shares[192]. - The general manager, Hou Xudong, increased his shares from 6,224,324 to 7,024,324, a rise of 12.9% due to the acquisition of restricted stock incentives[191]. - The total number of shares held by the vice general manager, Huang Hua, increased from 14,934,141 to 15,634,141, an increase of 4.7% due to restricted stock incentives[191]. Future Outlook - The company provided guidance for the next fiscal year, projecting a revenue growth of 25% and aiming for 1.875 billion RMB[200]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on smart packaging solutions[200]. - Market expansion plans include entering two new international markets, projected to increase market share by 10%[200]. - The management team emphasizes a commitment to sustainability, aiming for a 50% reduction in carbon emissions by 2025[200].