天山铝业(002532) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥28,744,767,071.79, an increase of 4.68% compared to ¥27,459,531,944.99 in 2020[14]. - Net profit attributable to shareholders for 2021 reached ¥3,833,042,371.93, a significant increase of 100.44% from ¥1,912,286,064.69 in 2020[14]. - The net profit after deducting non-recurring gains and losses was ¥3,694,237,735.01, up 97.73% from ¥1,868,336,279.89 in 2020[14]. - The company's total assets at the end of 2021 were ¥53,481,873,156.43, reflecting a growth of 5.71% from ¥50,592,938,061.86 at the end of 2020[15]. - Basic earnings per share for 2021 were ¥0.82, representing a 60.78% increase from ¥0.51 in 2020[15]. - The weighted average return on equity for 2021 was 18.62%, up from 13.77% in 2020[15]. - The net cash flow from operating activities for 2021 was ¥1,979,145,981.78, a decrease of 36.11% compared to ¥3,097,915,686.57 in 2020[14]. - The company reported a quarterly revenue of ¥7,834,705,682.23 in Q2 2021, with a net profit of ¥1,163,216,630.42 for the same period[17]. - The company achieved a revenue of 28.745 billion yuan, representing a year-on-year increase of 4.68%[38]. - The net profit attributable to the parent company was 3.833 billion yuan, a substantial year-on-year growth of 100.44%[38]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares to all shareholders, based on a total of 4,651,885,415 shares[2]. - The cash dividend accounted for 100% of the profit distribution total, ensuring the protection of minority shareholders' rights[124]. - The company reported a total shareholding of 1,023,399,864 shares at the end of the reporting period[93]. - The company has no stock incentive plans or employee stock ownership plans in place during the reporting period[126]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 809.75 million CNY[108]. Operational Highlights - The company operates in the aluminum industry, producing primary aluminum through electrolysis, and focuses on high-purity aluminum products[6]. - The company has established a complete aluminum industry chain from bauxite to electrolytic aluminum, high-purity aluminum, and deep processing, enhancing its competitive edge[28]. - The company is positioned as the second-largest compliant aluminum producer in terms of single plant capacity in China as of January 2021[31]. - The company has invested in a new high-purity aluminum alloy ingot production line to extend its product offerings and increase value-added products[28]. - The company plans to upgrade its aluminum foil production lines to meet the growing demand for high-end battery foil products in the coming years[28]. Market and Industry Outlook - The demand for aluminum in the new energy vehicle sector is projected to require 368,000 tons by 2025, while the photovoltaic and wind energy sectors are expected to need 725,000 tons, indicating a growth rate of 5.62% compared to 2020[24]. - The aluminum industry is experiencing a fundamental improvement in supply-demand dynamics, with a tight balance expected to persist in the short term due to upstream energy and resource constraints[24]. - The company is focusing on expanding its market presence in emerging industries such as lightweight automotive structures and renewable energy applications[24]. - The aluminum industry faces rising costs due to energy shortages and dual control of energy consumption, impacting overall competitiveness[73]. - The company aims to achieve a production capacity target of 80,000 tons of high-purity aluminum by the end of the year, with 20,000 tons from the new high-purity aluminum project and 60,000 tons from the first phase of the high-purity aluminum project[78]. Research and Development - The company aims to promote energy-saving technology in aluminum electrolysis, targeting a reduction of 300 kWh/t-Al and an annual electricity saving of 69 million kWh[50]. - The company has developed a new process for producing aluminum prebaked anodes, achieving a primary product quality rate of over 80% and reducing energy consumption by 3 kWh/t anode[54]. - The number of R&D personnel increased to 429 in 2021, up 14.10% from 376 in 2020[55]. - R&D investment amounted to ¥519,021,416.94 in 2021, a decrease of 4.35% from ¥542,622,913.64 in 2020[56]. - The company is focusing on the development of high-purity aluminum ingots for electronic foil, with a projected annual demand gap of several tens of thousands of tons in the domestic market[52]. Environmental and Social Responsibility - The company has invested in environmental protection measures, leading to continuous improvement in production environment and reduction of environmental risks[134]. - The company completed the acceptance of projects aimed at reducing carbon emissions, including "recycling electrolytic aluminum anode carbon" and "aluminum industry solid waste harmless recycling project" in 2021[138]. - The company actively participated in social responsibility initiatives, donating a total of 15,512.36 yuan to support impoverished women and children in 2021[140]. - The company has established an environmental data disclosure platform to publicly share relevant environmental information[137]. - The company has developed emergency response plans for potential environmental incidents, enhancing its ability to respond quickly[135]. Governance and Compliance - The company emphasizes transparency and timely information disclosure, utilizing multiple platforms for investor communication[87]. - The company has established a robust internal control system and governance structure, enhancing its operational efficiency and compliance[87]. - The company maintains complete independence from its controlling shareholder in terms of business operations, personnel, assets, organization, and finance[88]. - The company has implemented a safety production management system and has not experienced any major safety incidents during the reporting period, although risks remain[82]. - The company has committed to strengthening corporate governance and ensuring that shareholders can fully exercise their rights, with independent directors performing their duties independently[150].