贝肯能源(002828) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥1,143,382,772.79, representing a 22.19% increase compared to ¥935,753,630.82 in 2020[6]. - The net profit attributable to shareholders for 2021 was ¥21,380,027.77, a decrease of 14.23% from ¥24,928,157.88 in 2020[6]. - The net profit after deducting non-recurring gains and losses was ¥16,979,387.34, down 9.48% from ¥18,757,292.93 in 2020[6]. - The net cash flow from operating activities was ¥49,815,223.38, a decline of 9.49% compared to ¥55,038,672.90 in 2020[6]. - The total assets at the end of 2021 were ¥2,766,490,215.23, an increase of 5.21% from ¥2,629,489,650.07 at the end of 2020[6]. - The company's weighted average return on equity for 2021 was 2.19%, down from 2.56% in 2020[6]. - The gross profit margin for drilling engineering was 16.74%, down 6.58% compared to the previous year[49]. - The total operating costs increased by 32.09% year-on-year, amounting to approximately ¥945.15 million[53]. Business Operations - The company has not changed its main business since its listing, indicating stability in operations[19]. - The company has no changes in its controlling shareholders since its establishment, reflecting consistent ownership[19]. - The company is positioned as a leading comprehensive service provider in oil and gas resource development, focusing on digitalization and low-carbon transformation trends[30]. - The company offers integrated drilling engineering services, including drilling, testing, and production operations[33]. - The company has a drilling capacity of over 200,000 meters, having completed more than 2,000 wells to date[40]. - The company has expanded its market presence through acquisitions, including entering the Shanxi coalbed methane and tight gas market[45]. - The company is actively exploring new markets and clients, particularly in coalbed methane and geothermal sectors in Xinjiang[45]. Research and Development - The company holds 33 authorized patents, including 10 invention patents, and has established several research centers in collaboration with universities and research institutes[41]. - R&D expenses increased by 118.42% to ¥44,601,671.47 from ¥20,420,492.67 in the previous year, driven by the addition of new R&D projects[60]. - The number of R&D personnel increased by 63.33% from 60 in 2020 to 98 in 2021, with R&D personnel now accounting for 7.00% of the total workforce[67]. - The company is working on a cellulose ether project with a production capacity of 5,000 tons per year, focusing on environmentally friendly production processes that generate no waste and reduce production costs[65]. Market and Sales - The revenue from drilling engineering accounted for 89.45% of total revenue, amounting to CNY 1,022.75 million, with a year-on-year growth of 18.60%[46]. - The Southwest region, primarily focused on shale gas development, contributed 41.89% of total revenue, with a significant growth of 84.19% year-on-year[46]. - The top five customers accounted for 85.29% of the total annual sales, with China National Petroleum Corporation contributing 56.10%[57]. - The company reported a significant increase in sales from product sales, which rose by 91.57% year-on-year, totaling approximately ¥83.04 million[49]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and maintaining independence from its controlling shareholder[109]. - The company held two shareholder meetings during the reporting period, ensuring compliance with regulations and equal treatment of all shareholders[110]. - The company has maintained a stable board composition with independent directors providing oversight and governance[128]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 4.305 million[135]. Risk Management - The company’s future development outlook includes potential risks that may affect operations, which investors should be aware of[4]. - The company is facing risks of equipment idling due to the ongoing conflict in Ukraine, with no clear timeline for resuming operations[100]. - The company is monitoring the impact of the ongoing global pandemic and natural disasters on its operations, ensuring compliance with national pandemic prevention measures[103]. - The company plans to recognize an asset impairment provision between CNY 192.43 million and CNY 218.04 million due to the impact of the Russia-Ukraine conflict[175]. Financial Management - The company has implemented a comprehensive financial management system, maintaining independent financial operations and tax compliance[119]. - The company’s cash and cash equivalents decreased by ¥24,275,692.64 in 2021, an improvement of 54.29% compared to a decrease of ¥53,108,252.16 in 2020[70]. - The company recorded goodwill of ¥60,527,613.50 due to the acquisition of a subsidiary during the reporting period[73]. - The company has not reported any significant changes in its business, products, or services during the reporting period[56]. Shareholder Information - The company reported a profit distribution plan of 0.60 CNY per 10 shares (including tax) based on a total of 200,987,600 shares[4]. - The cash dividend represents 100% of the total distributable profit of 443,803,486.29 CNY for the period[151]. - The company did not implement any capital reserve transfer to increase share capital or issue bonus shares during the reporting period[153]. - The company has undergone changes in its senior management, with three key appointments made on March 15, 2021[124]. Strategic Initiatives - The company aims to achieve a significant increase in drilling engineering technical output value within three years through large-scale development of the Mahu oilfield[62]. - The company plans to enhance its brand recognition and competitiveness through the industrialization of its LWD technology, aiming for a significant market share increase[64]. - The company is committed to reducing energy consumption and wastewater emissions, aligning with national industrial policies for energy conservation and emission reduction[66]. - The company is shifting to a diversified business model combining engineering services, turnkey projects, and capital investment, which is expected to create new revenue streams and profit opportunities[99].