XZPT(SZ:002207)2022-04-28 16:00Financial Performance - The company reported a profit distribution plan of 0.00 RMB per 10 shares, with no cash dividends or stock bonuses for the year, based on a total of 262,055,378 shares[4]. - The company's operating revenue for 2021 was ¥191,934,737.36, a decrease of 1.84% compared to ¥195,524,763.21 in 2020[20]. - The net profit attributable to shareholders in 2021 was ¥7,667,160.82, representing a significant increase of 192.38% from a loss of ¥8,299,388.76 in 2020[20]. - The net cash flow from operating activities was negative at ¥-21,401,574.79 in 2021, a decline of 486.37% compared to ¥5,539,201.16 in 2020[20]. - The basic earnings per share for 2021 was ¥0.03, a turnaround from ¥-0.03 in 2020, marking a 200% increase[20]. - Total assets at the end of 2021 were ¥343,485,138.09, down 16.82% from ¥412,960,382.11 at the end of 2020[20]. - The net assets attributable to shareholders increased by 5.98% to ¥155,857,802.13 at the end of 2021, compared to ¥147,059,752.78 at the end of 2020[20]. - The company reported a total revenue of 1.2 billion CNY for the year 2021, reflecting a year-on-year growth of 15%[110]. - The company reported a total revenue of 2,016.70 million in 2021, reflecting a significant increase compared to previous years[111]. - The company reported a total revenue of 1.5 billion CNY for the fiscal year 2021, representing a year-over-year increase of 15%[120]. Operational Challenges - The company acknowledges risks including industry concentration, customer concentration, policy changes, oil price fluctuations, and potential safety incidents[4]. - The company has a single industry focus and is subject to various uncertainties that may affect future performance, including macroeconomic conditions and market changes[4]. - The company faces challenges due to the inherent regional nature of the oil service industry and the geological conditions across different oilfields[31]. - The company struggled with insufficient investment in new technologies and projects due to previous losses and market conditions, delaying its development[92]. - The company faced increased operational cost pressures due to rising international oil prices and domestic fuel prices, impacting its oil service business[91]. Client and Market Dynamics - The company has a significant client base, including major customers like China National Petroleum Corporation and Tarim Oilfield Company[12]. - The company's revenue and profit are largely concentrated in the second, third, and fourth quarters due to seasonal business conditions in Xinjiang, with significant work volume starting from April[38]. - The total sales amount from the top five customers reached ¥171.02 million, accounting for 89.11% of the annual sales total[56]. - The company’s major customer, China National Petroleum Corporation, contributed ¥135.56 million, representing 70.63% of total sales[56]. Research and Development - The company is engaged in various research projects aimed at improving oil recovery rates, including reservoir development experiments and comprehensive reservoir studies[33]. - The company has invested 200 million CNY in research and development for new technologies in the past year[110]. - Research and development expenditures increased by 25% in 2021, focusing on innovative oil extraction technologies[120]. - The company has established a new technology promotion center and a continuous oil pipe project department, enhancing its technical service capabilities in oilfield development[86]. Governance and Compliance - The company emphasizes the importance of accurate financial reporting and has ensured compliance with legal responsibilities by its board and management[4]. - The company has established a governance structure that complies with regulatory requirements, ensuring equal treatment of all shareholders[103]. - The company operates independently from its major shareholder in terms of business, personnel, assets, and finance, with no competition between them[106]. - The company has committed to maintaining the independence of the listed company's management and operations from its own and its affiliates[162]. Strategic Development - The company plans to enhance its research and development efforts and service capabilities to capture a larger market share in the oilfield service sector[40]. - The company aims to strengthen its core oilfield service business while exploring opportunities in new energy and technology fields in response to global energy transitions[84]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[110]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[116]. Financial Management - The company has a structured remuneration system based on performance evaluations approved by the board of directors[128]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.5789 million[128]. - The company has established independent financial departments and accounting systems to ensure financial integrity and compliance[163]. - The company has committed to independent tax obligations, ensuring that it operates as a standalone entity[163]. Environmental and Social Responsibility - The company maintains an effective QHSE management system to prevent major accidents, aiming for zero harm, zero accidents, and zero pollution[99]. - There were no major environmental issues or administrative penalties related to environmental problems for the company or its subsidiaries[155]. - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[158]. Future Outlook - In 2022, global upstream exploration and development capital expenditure is expected to increase by approximately 24% compared to 2021, signaling a recovery in the oilfield service market[82]. - The company aims to improve its oil service business performance while seeking quality projects and reducing reliance on a single industry in 2022[94]. - The company has set a revenue guidance of 1.8 billion CNY for the next fiscal year, projecting a growth rate of 20%[120].