SXXC(SZ:002585)2022-03-27 16:00Financial Performance - The company reported a total revenue of 1,156,278,085 RMB for the year 2021, with a cash dividend of 3.00 RMB per 10 shares to all shareholders[5]. - The company's operating revenue for 2021 was ¥5,931,205,322.21, representing a 17.19% increase from ¥5,061,313,756.89 in 2020[28]. - The net profit attributable to shareholders for 2021 was ¥1,385,431,098.68, a significant increase of 92.28% compared to ¥720,541,527.14 in 2020[28]. - The net profit after deducting non-recurring gains and losses was ¥1,234,804,461.65, up 97.78% from ¥624,340,002.75 in 2020[28]. - The basic earnings per share for 2021 was ¥1.21, reflecting a 94.22% increase from ¥0.623 in 2020[28]. - The weighted average return on equity for 2021 was 15.75%, up from 9.02% in 2020, indicating improved profitability[28]. - The company achieved an annual revenue of 5.931 billion yuan, a year-on-year increase of 17.19%, and a net profit attributable to shareholders of 1.385 billion yuan, up 92.28% year-on-year[75]. - The company reported a significant increase in production volume for new materials, reaching 524,216.06 tons, up 16.41% from the previous year[92]. - The company reported a significant increase in cash outflow from financing activities by 513.66% to ¥328,712,679.76 in 2021, primarily due to increased cash dividends[114]. Market and Product Development - The company is focusing on the development of functional films, which have higher profit margins and broader market potential, indicating a strategic shift towards high-value products[42]. - The polyester film industry in China is experiencing stable demand growth, with companies increasing their investment in R&D for differentiated products[43]. - The optical film market size is approximately 300-400 billion yuan, with an annual growth rate expected[47]. - In 2021, the revenue from the optical materials segment reached 2.147 billion yuan, a year-on-year increase of 34%[47]. - The market for MLCC release film substrates is about 150 billion yuan, growing at an annual rate of 15-20%[47]. - The company's market share in the domestic backsheet PET film market is 30%, with sales revenue of 1.248 billion yuan in 2021, a 77% year-on-year increase[49]. - The variable information materials segment generated revenue of 385 million yuan in 2021, with a market share exceeding 50%[50]. - The PETG shrink film market demand is around 5 billion yuan, with an expected annual growth rate exceeding 30%[53]. - The polyester functional film market size is approximately 24 billion yuan, with the company achieving revenue of 1.82 billion yuan in 2021[54]. - The company has developed 12 patents related to optical composite films, enhancing customer product yield and reducing installation costs by 30-40%[45]. - The company has developed over 60 series and 100 varieties of products, expanding its application fields beyond packaging and printing[66]. Research and Development - The company invested over 260 million yuan in R&D, a 70% increase year-on-year, resulting in the production of 15 new products and the filing of 50 new patent applications[74]. - Research and development expenses increased by 69.70% to ¥266,889,660.90, driven by the company's commitment to innovation and technology development[104]. - The number of R&D personnel rose significantly by 122.01% to 353 in 2021 from 159 in 2020, with R&D personnel accounting for 17.04% of the total workforce[112]. - The R&D team has expanded significantly, with 68 personnel under 30 years old and 211 between 30-40 years old, indicating a youthful and dynamic workforce[112]. - The company plans to continue investing in R&D to develop high-end products and maintain its leadership in optical materials and energy-saving films[158]. Strategic Initiatives - The company has implemented a "three-legged" marketing strategy to strengthen its sales network across the country[61]. - The company has established a marketing service network covering industrial clusters nationwide, enhancing customer relationship management and resource allocation[74]. - The company is focusing on five major sectors for rapid development and expanding both domestic and international markets[148]. - The company plans to enhance production capacity by completing projects such as the high-function film project and the precision coating project with an annual output of 1 billion square meters[149]. - The company is committed to increasing foreign trade sales and expanding its global market presence[152]. - The company is investing in digital transformation and the implementation of a "5G + Industrial Internet" platform to improve production management[153]. Sustainability and Environmental Commitment - The company emphasizes green and sustainable development, aligning with national "dual carbon" policies and promoting clean energy initiatives[87]. - The company is committed to sustainability, with plans to reduce carbon emissions by 20% over the next five years[179]. - The company is committed to green development and environmental management to promote sustainable practices[154]. Risk Management - The company has outlined potential risk factors that may adversely affect its future development strategies and operational goals in the report[5]. - The company recognizes risks from industry competition and raw material price fluctuations, which could impact profit margins and overall performance[157]. - The company faces risks of declining product prices due to increased competition in the oil market, which may impact gross margins and overall profitability[159].