NCIC(SZ:002246)2022-04-25 16:00Financial Performance - The company reported a total revenue increase of 15% year-over-year, reaching 1.2 billion RMB in 2021[12]. - The company's operating revenue for 2021 was ¥2,633,493,895.43, representing an increase of 11.66% compared to ¥2,358,580,626.84 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥121,532,967.58, a growth of 34.77% from ¥90,179,154.54 in 2020[20]. - The company achieved a significant increase in revenue, reaching 1.5 billion in 2021, representing a growth of 15% year-over-year[162]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[162]. - The gross margin improved to 35%, up from 30% in the previous year, indicating better cost management[162]. - The company’s total operating costs increased by 12.15% year-on-year, amounting to ¥2,093,468,964.00[83]. - The company reported a significant decrease in sales volume of protective equipment by 65.32% year-on-year, primarily due to reduced demand for pandemic-related products[80]. Dividend Policy - The company plans to distribute a cash dividend of 0.45 RMB per 10 shares to all shareholders, based on a total of 549,034,794 shares[5]. - The cash dividend policy prioritizes cash distributions over stock dividends, with annual distributions based on profitability and funding needs[181]. - The total cash dividend amount for the reporting period is CNY 24,706,565.73, which is 100% of the total profit distribution[187]. - The company has a cash dividend policy requiring at least 10% of the distributable profit to be distributed as cash dividends annually, with a cumulative distribution of at least 30% over any three consecutive years[184]. Research and Development - The company is investing in new technology for the development of protective equipment, with a budget allocation of 50 million RMB for R&D in 2022[12]. - The company has a total of 82 authorized invention patents and 74 utility model patents, indicating strong R&D capabilities in the nitrocellulose sector[49]. - The company achieved a 17.15% increase in R&D investment, totaling approximately 110.36 million yuan in 2021, compared to 94.21 million yuan in 2020[94]. - The company plans to invest 100 million yuan in R&D for innovative chemical solutions over the next two years[156]. - The company has completed the research on high-performance honeycomb activated carbon, which is expected to efficiently treat VOCs gases, thus enhancing its product offerings in the environmental sector[93]. Market Expansion - The company aims to enter new markets in Southeast Asia, targeting a 10% market share within the next three years[12]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[162]. - The company plans to expand its market presence in Southeast Asia, particularly in Vietnam, to strengthen its export capabilities[77]. Production Capacity and Operations - The company has expanded its production capacity for nitrocellulose, aiming for a 20% increase in output by the end of 2022[12]. - The production capacity for nitrocellulose products is designed at 55,000 tons with a utilization rate of 70%[49]. - The company has completed the acquisition of a 100% stake in a machinery manufacturing firm, enhancing its operational capabilities in specialized equipment[16]. - The company has achieved a 100% utilization rate for gas masks, with an additional 200,000 units under construction[49]. Environmental Compliance - The company is classified as a key pollutant discharge unit by the environmental protection department[200]. - The environmental compliance status indicates no significant violations in pollutant discharge[200]. - The company has implemented pollution control measures in compliance with various national and local standards[200]. - No instances of exceeding discharge limits were reported for the pollutants listed[200]. Governance and Management - The company has established an independent financial department and audit department, ensuring a complete separation from the controlling shareholder in financial matters[142]. - The board of directors consists of 12 members, including 4 independent directors, ensuring a clear division of responsibilities and compliance with governance standards[140]. - The company has implemented a transparent performance evaluation and incentive mechanism for its directors and senior management[140]. - The company has a robust governance structure, with independent directors playing a crucial role in oversight and strategic direction[150]. Risks and Challenges - The company is facing potential risks related to raw material price fluctuations, which could impact profit margins in the upcoming quarters[5]. - The company faces market risks due to complex international situations and the impact of the COVID-19 pandemic, leading to increased uncertainty in global supply chains[131]. - The special industrial pump manufacturing project has not achieved the expected economic benefits due to a slowdown in macroeconomic growth, leading to insufficient product orders and increased competition[116]. Employee and Talent Management - The total number of employees at the end of the reporting period was 3,321, with 834 in the parent company and 2,487 in major subsidiaries[176]. - The company has established a training program to enhance employee capabilities and support talent development[179]. - The company employs 2,182 production personnel, 222 sales personnel, and 560 technical personnel, reflecting a diverse workforce[176].