HBP(SZ:002554)2022-05-31 16:00Financial Performance - The company's operating revenue for 2021 was CNY 1,594,291,741.03, representing a 40.40% increase compared to CNY 1,135,524,875.03 in 2020[19]. - The net profit attributable to shareholders in 2021 was CNY 89,191,029.93, a significant turnaround from a loss of CNY 178,420,830.75 in 2020, marking a 149.99% improvement[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 50,438,504.64, compared to a loss of CNY 213,413,946.17 in 2020, reflecting a 123.63% increase[19]. - Basic and diluted earnings per share were both ¥0.07, a significant improvement of 141.18% from a loss of ¥0.17 per share in the previous year[20]. - The weighted average return on equity was 3.95%, up from -10.52% in the previous year, indicating a recovery in profitability[20]. - The company reported a total revenue of ¥1,594,291,741.03 for the year, with quarterly revenues showing a strong upward trend in Q4[24]. - The net profit attributable to shareholders for Q4 was a loss of ¥22,857,332.04, contrasting with profits in the earlier quarters, indicating volatility in earnings[24]. - The company reported a significant increase of 39.30% in costs related to oil and gas engineering and services expenses[67]. - The company’s net profit attributable to shareholders for 2021 was CNY 89,191,029.93, with undistributed profits at year-end amounting to CNY 102,103,390.80[179]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.07 per 10 shares to all shareholders, based on a total of 1,346,857,772 shares[4]. - The company plans to distribute a cash dividend of CNY 9,428,004.40, which corresponds to CNY 0.07 per 10 shares, with no stock dividends or capital reserve transfers[177][179]. - The proposed dividend of 0.5 RMB per share reflects a 10% increase from the previous year[155]. Revenue Segments - The oil and gas engineering and service segment generated revenue of CNY 1,079.21 million, up 60.12%, accounting for 67.69% of total revenue[52]. - The overseas revenue surged to CNY 687.70 million, reflecting a remarkable growth of 118.60% year-on-year[57]. - The environmental engineering and service segment saw a decline in revenue to CNY 77.79 million, down 23.19% due to project disruptions from local pandemic outbreaks[53]. - The oil and gas resource development and utilization segment reported revenue of CNY 437.29 million, a year-on-year increase of 21.39%[54]. Risks and Challenges - The company faces risks related to reliance on the oil industry and fluctuations in oil prices, as well as potential impacts from the COVID-19 pandemic[4]. - The company's future outlook includes potential risks from policy changes in the oil and gas industry and reliance on major clients[4]. - The company is increasing its overseas market expansion, which brings risks associated with political instability and regulatory changes in regions like the Middle East[107]. - The ongoing global pandemic poses risks to the company's overseas operations, and it is implementing measures to minimize the impact on its business[112]. Strategic Focus and Development - The company is positioned to benefit from the recovery in the oil and gas industry, with global oil prices rising approximately 50% year-to-date[31]. - The establishment of the national oil and gas pipeline group is expected to drive significant growth in the pipeline industry, with a projected market capacity of ¥16,835 billion during the 14th Five-Year Plan[33]. - The company's strategic focus on green and low-carbon development aligns with national goals, presenting new market opportunities in energy technology and clean energy sectors[32]. - The company has expanded its environmental engineering services, including oil and gas pollution treatment and municipal wastewater management, contributing to its strategic transformation[36]. - The company has established a carbon neutrality division to enhance its capabilities in carbon-neutral technologies and business areas[41]. Research and Development - R&D investment amounted to ¥60,594,007.61 in 2021, an increase of 11.14% compared to ¥54,519,570.58 in 2020, but the R&D investment as a percentage of operating revenue decreased from 4.80% to 3.80%[74]. - The number of R&D personnel decreased by 17.30% from 237 in 2020 to 196 in 2021, with the proportion of R&D personnel in total employees dropping from 19.68% to 15.11%[74]. - The company completed several R&D projects, including a digital delivery system and CO2 capture technology, aimed at enhancing competitiveness in the oil and gas sector[73]. Corporate Governance - The company has established a governance structure in compliance with relevant laws and regulations, enhancing information disclosure and internal control systems[116]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[117]. - The supervisory board, comprising 3 members, is responsible for overseeing the legality and compliance of the actions of directors and senior management[119]. - The company has implemented a transparent performance evaluation and incentive mechanism, linking executive compensation to company performance[120]. - The company maintains an independent financial accounting system and management practices, ensuring no interference from the controlling shareholder[130]. Employee and Operational Insights - The total number of employees at the end of the reporting period was 1,297, with 588 being technical personnel[173]. - The company has a training plan to enhance employee skills and management levels, continuing to improve its talent cultivation mechanism in 2022[176]. - The company focuses on employee welfare, providing health checks and promoting a positive work environment[200]. Environmental Initiatives - The company has constructed a 150m³ wastewater collection pool, which is now in use, employing C25 concrete with a permeability coefficient of 10^-7 cm/s[191]. - The company has established an environmental monitoring plan that includes annual monitoring of groundwater and quarterly monitoring of waste gas and noise[196]. - The company has not reported any pollution discharge during the reporting period due to the non-operation of the oily sludge treatment project[198].