ETS(SZ:002545)2022-04-20 16:00Financial Performance - The company reported a total revenue of 1,244,062,083 RMB for the year 2021, marking a significant increase compared to the previous year[6]. - The company's operating revenue for 2021 was ¥2,781,752,581.61, representing a 4.92% increase from ¥2,651,387,450.76 in 2020[28]. - The net profit attributable to shareholders for 2021 was ¥403,938,301.53, a 30.77% increase compared to ¥308,901,919.78 in 2020[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥367,892,820.70, up 65.01% from ¥222,948,898.13 in 2020[28]. - The net cash flow from operating activities for 2021 was ¥407,592,487.71, an increase of 79.94% from ¥226,517,653.45 in 2020[28]. - The total assets at the end of 2021 were ¥11,708,008,436.33, a decrease of 0.52% from ¥11,769,319,568.01 at the end of 2020[28]. - The net assets attributable to shareholders at the end of 2021 were ¥7,939,201,472.58, reflecting a 1.50% increase from ¥7,821,889,017.39 at the end of 2020[28]. - The basic earnings per share for 2021 was ¥0.3247, a 30.77% increase from ¥0.2483 in 2020[28]. - The company's total operating revenue for the reporting period was 2,781.75 million CNY, an increase of 4.92% compared to the same period last year[80]. - Operating profit reached 502.89 million CNY, up 49.19% year-on-year, while total profit increased by 39.39% to 499.62 million CNY[80]. - Net profit attributable to shareholders was 403.94 million CNY, reflecting a growth of 30.77% compared to the previous year[80]. Dividend and Profit Distribution - The profit distribution plan approved by the board is to distribute a cash dividend of 2.50 RMB per 10 shares (including tax) to all shareholders[6]. Market and Industry Outlook - The company is focusing on expanding its market presence and developing new products and technologies to enhance competitiveness[6]. - The company aims to expand its market share in the petrochemical industry and become a core supplier for leading enterprises in that sector[68]. - The company is actively expanding its overseas potassium salt production capacity to ensure stable domestic supply and food security during the "14th Five-Year Plan" period[59]. - The company plans to enhance its potassium fertilizer brand presence in Southeast Asia, particularly in Thailand and Vietnam, where demand exceeds supply[138]. - The company is focusing on optimizing project management to reduce costs and improve capital efficiency, contributing to new urbanization and housing projects[137]. Risks and Challenges - The company faces risks including market demand decline due to macroeconomic conditions and fluctuations in raw material prices, which could impact operational costs and R&D expenses[6]. - The company faces risks from fluctuating steel and potassium prices, as well as potential labor shortages and rising human resource costs due to economic changes[140]. - The company is addressing foreign exchange risks by establishing a reasonable foreign currency settlement mechanism and monitoring exchange rate fluctuations closely[143]. Research and Development - The company invested 66.1 million yuan in R&D in 2021, accounting for 2.38% of its revenue, to enhance product quality and cost competitiveness[62]. - The company has nearly 100 patents, including 11 invention patents, showcasing its strong capability in new product and technology development[62]. - The company completed several R&D projects aimed at enhancing the automation and safety of steel tower production[107]. - R&D investment increased by 16.29% to ¥66,102,392.02 in 2021, representing 2.38% of operating revenue[113]. - The company has a strong technical team with nearly 100 patents, enhancing its competitive edge in product quality and innovation[74]. Corporate Governance - The company emphasizes the importance of maintaining accurate and complete financial reporting to ensure investor confidence[5]. - The company ensures that all shareholders, especially minority shareholders, can fully exercise their rights and enjoy equal status[150]. - The company maintains complete independence from its controlling shareholder in terms of decision-making and operational activities[151]. - The board of directors has established four specialized committees to provide professional opinions and references for decision-making[152]. - The company has implemented a robust internal audit system to effectively control daily operations and significant related transactions[157]. - The company emphasizes investor relations management, actively coordinating communication with investors and ensuring their right to information[158]. - The company has committed to respecting and maintaining the legitimate rights and interests of stakeholders, promoting balanced interests among all parties[159]. Subsidiaries and Operations - The company has a total of 12 subsidiaries, including Suzhou Dongfang and Nanjing Shener, which contribute to its diversified operations[18]. - The company has established a new subsidiary, Hezhong Equipment Company, with a registered capital of ¥30,000,000[100]. - The company has established a new subsidiary, Qingdao Lihui Company, to strengthen its industrial logistics layout[133]. Investor Engagement - The company has established a comprehensive communication channel with investors through its official website and email[22]. - The company held its first extraordinary general meeting of 2021 on January 18, with an investor participation rate of 59.06%[162]. - The annual general meeting for 2020 took place on May 21, 2021, with a participation rate of 59.11%[162]. - The second extraordinary general meeting of 2021 was held in September, achieving a participation rate of 59.08%[162]. Financial Management - The company has a structured approach to determining remuneration based on overall development strategy, annual operational goals, and individual roles within the company[186]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 447.56 million CNY[190]. - The chairman, Han Fangru, received a total remuneration of 600,700 CNY, while the general manager, Han Zhenru, received 504,700 CNY[190].