Valiant(SZ:002643)2022-03-25 16:00Financial Performance - The company's operating revenue for 2021 was CNY 4,358,522,849.70, representing a 49.36% increase compared to CNY 2,918,105,890.01 in 2020[24]. - The net profit attributable to shareholders for 2021 was CNY 626,658,928.89, up 24.16% from CNY 504,710,208.74 in 2020[24]. - The net profit after deducting non-recurring gains and losses was CNY 591,919,156.36, a 22.65% increase from CNY 482,624,145.83 in 2020[24]. - The net cash flow from operating activities reached CNY 1,044,731,323.83, an 87.01% increase compared to CNY 558,657,091.22 in 2020[24]. - The total assets at the end of 2021 were CNY 7,875,710,805.32, an 18.13% increase from CNY 6,666,885,036.28 at the end of 2020[24]. - The net assets attributable to shareholders at the end of 2021 were CNY 5,613,710,933.04, an 8.72% increase from CNY 5,163,240,706.58 at the end of 2020[24]. - The basic earnings per share for 2021 was CNY 0.69, a 23.21% increase from CNY 0.56 in 2020[24]. - The weighted average return on equity for 2021 was 11.73%, up from 10.23% in 2020[24]. - The total profit for 2021 was 767.20 million CNY, with a year-on-year increase of 21.70%[67]. - The company achieved a revenue of 4,358.52 million CNY in 2021, representing a year-on-year growth of 49.36%[67]. Dividend and Shareholder Information - The company reported a cash dividend of 2.55 RMB per 10 shares, based on a total of 930,335,215 shares[6]. - The total distributable profit for the parent company as of December 31, 2021, is 1,802,054,244.94 yuan[170]. - The company plans to distribute a cash dividend of 2.55 yuan per 10 shares, totaling 237,235,479.83 yuan, which is 100% of the distributable profits for the year[172]. Research and Development - The company has a focus on research and development in new products and technologies, although specific details were not provided in the extracted content[6]. - Research and development expenses amounted to 294.33 million CNY, accounting for 6.75% of total revenue[67]. - The company has developed over 6,000 types of compounds, with more than 2,000 products launched in the market and over 400 domestic and international invention patents obtained[40]. - The company is focusing on R&D and product innovation in the chemical synthesis field to strengthen its market position in the pharmaceutical industry[39]. - The company aims to enhance R&D investment in its three main industries, focusing on electronic information materials, environmental materials, and health industries to improve product variety and core competitiveness[108]. Market Position and Strategy - The electronic information materials industry is currently in a stable growth phase, with the global LCD market maintaining a major share in large-size display panels[34]. - The company is a core partner of a leading global automotive exhaust purification catalyst manufacturer, indicating strong market positioning in the environmental materials sector[37]. - The company is actively investing in OLED materials development, preparing for potential market opportunities as domestic production technology matures[35]. - The company aims to establish itself as a leading manufacturer of advanced chemical materials and has made significant advancements in liquid crystal materials, OLED materials, and zeolite series environmental materials[41]. - The company is focusing on high-end display materials, environmental materials, and specialty engineering materials to enhance core competitiveness and profitability[85]. Risk Management - The company faces risks including changes in export tax rebate policies, exchange rate fluctuations, raw material price volatility, and impacts from Sino-U.S. trade tensions and the pandemic[6]. - The company has implemented measures to mitigate risks associated with exchange rates, including multi-currency settlements and timely price adjustments[110]. Corporate Governance - The company emphasizes the importance of accurate financial reporting and has ensured that all board members attended the meeting to review the annual report[6]. - The company has a total of 9 board members, including 3 independent directors, meeting legal requirements for board composition[116]. - The company has set up four specialized committees under the board: Strategy Committee, Nomination Committee, Audit Committee, and Compensation and Assessment Committee[116]. - The company has implemented a mechanism for accountability regarding significant errors in annual report disclosures to enhance transparency[117]. - The company actively respects and protects the rights of stakeholders, balancing interests among shareholders, employees, and society[118]. Employee and Management Information - The total number of employees at the end of the reporting period is 3,842, with 2,194 in the parent company and 1,648 in major subsidiaries[164]. - The professional composition includes 2,164 production personnel, 188 sales personnel, 1,172 technical personnel, 70 financial personnel, and 248 administrative personnel[164]. - The company has a structured salary system based on job performance, including base salary, annual salary, monthly performance bonuses, year-end performance bonuses, allowances, and benefits[167]. - The management team includes a total of six vice presidents, with Wang Zhongli serving as the general manager since January 10, 2004, and holding 9,994,965 shares[126]. Environmental Impact - 中节能万润股份有限公司在2021年度报告中固体废物排放总量为13051.3吨[199]. - 烟台九目化学股份有限公司固体废物排放总量为4615.4吨[199]. - 中节能万润股份有限公司的COD排放浓度为102mg/l，低于执行标准500mg/l[199]. - 中节能万润股份有限公司的氨氮排放浓度为5.26mg/l，低于执行标准45mg/l[199]. - 中节能万润股份有限公司的颗粒物排放浓度为3.02mg/m³，低于执行标准10mg/m³[199]. - 中节能万润股份有限公司的氮氧化物排放浓度为52.65mg/m³，低于执行标准100mg/m³[199]. - 中节能万润股份有限公司的二氧化硫排放浓度为8.60mg/m³，低于执行标准50mg/m³[199]. - 中节能万润股份有限公司的甲苯排放浓度为1.67mg/m³，低于执行标准5mg/m³[199]. - 中节能万润股份有限公司的氨排放量为1.86吨，符合排放标准[199]. - 烟台海川化学制品有限公司固体废物排放总量为1523.5吨[200].