NGL(SZ:002836)2022-04-28 16:00Financial Performance - The company's operating revenue for 2021 was ¥144,420,822.53, a decrease of 32.17% compared to ¥212,913,001.28 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥11,176,927.15, down 65.21% from ¥32,131,143.55 in 2020[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2021 was ¥8,231,052.54, a decrease of 53.96% compared to ¥17,879,574.08 in 2020[21]. - The net cash flow from operating activities was ¥41,789,591.40, down 49.81% from ¥83,267,655.95 in the previous year[21]. - The basic earnings per share for 2021 was ¥0.07, representing a 65.00% decline from ¥0.20 in 2020[21]. - Total assets at the end of 2021 were ¥420,464,680.97, a decrease of 17.30% from ¥508,409,785.69 at the end of 2020[21]. - The company achieved total operating revenue of 144.42 million yuan, a year-on-year decrease of 32.17%[49]. - The net profit attributable to shareholders was 11.18 million yuan, down 65.21% year-on-year[49]. - The net cash flow from operating activities was 41.79 million yuan, a decline of 49.81% compared to the previous year[49]. - Sales revenue from cigarette labels reached 124.37 million yuan, representing a year-on-year decrease of 37.22%[51]. Business Expansion and Strategy - The company plans to increase its business scope to include property management and park management services, in addition to its existing operations[19]. - The company has expanded its business to include the research, production, and sales of medical devices and sanitary products[19]. - The company established strong partnerships with major tobacco manufacturers, including Zhejiang Zhongyan and Yunnan Zhongyan, enhancing its market position[30]. - The company is positioned to benefit from the increasing market concentration in the cigarette packaging industry as brand quality and environmental standards improve[35]. - The company aims to maintain stable growth in production, revenue, and profit in the cigarette label sector, leveraging technology and scale advantages to upgrade packaging products[106]. - The company plans to explore investment and acquisition opportunities in the new tobacco industry chain, focusing on the mid-to-upstream sectors[106]. - The company will adopt a diversified development strategy, aiming to invest in 1-2 new strategic directions beyond the traditional tobacco market[105]. Research and Development - The company holds 114 national patents and 27 registered trademarks, indicating strong R&D capabilities[44]. - The company has optimized its product structure and increased efforts in new product development, focusing on new materials and processes[51]. - The company has developed multiple new products, including a high-speed inspection machine and an intelligent temperature control system for ink, aimed at improving production efficiency[73]. - The company’s R&D investment amounted to ¥10,371,008.85, a decrease of 22.88% compared to ¥13,448,032.23 in 2020, while the R&D investment as a percentage of operating revenue increased to 7.18% from 6.32%[77]. - The number of R&D personnel decreased by 2.94% to 33 in 2021, while the proportion of R&D personnel increased to 17.39% from 14.35% in 2020[76]. Financial Management and Governance - The financial report has been confirmed as true, accurate, and complete by the company's management[4]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and financial operations[128]. - The company has established a robust internal control system, continuously improving governance levels in accordance with relevant laws and regulations[119]. - The company has a structured process for determining the remuneration of directors and senior management, requiring approval from the board and shareholders[145]. - The total remuneration for directors and senior management during the reporting period was zero, indicating no payments were made[146]. Market and Industry Insights - The overall scale of the tobacco packaging industry is approximately ¥300-400 billion, indicating significant market potential[31]. - In 2021, the commercial sales volume of cigarettes in China reached 4,820.41 million boxes, an increase of 0.55% year-on-year[32]. - The electronic cigarette industry in China saw exports reach ¥101.5 billion in 2021, with a compound annual growth rate of 60.7% from 2017 to 2021[35]. - The company faces risks from intensified market competition due to new tobacco regulations, which may impact traditional tobacco packaging volumes[108]. Corporate Social Responsibility - The company actively participates in social responsibility initiatives, including community clean-up activities and support for local public welfare[191]. - The company has adapted its production capabilities to manufacture protective masks in response to the pandemic, fulfilling its corporate social responsibility[193]. - The company has upgraded its waste gas treatment facilities, achieving significant improvements in emissions control[188]. - The company has obtained the "China Environmental Label Product Certification" to ensure compliance with environmental protection standards in production[189]. Shareholder and Management Engagement - During the reporting period, the company held three shareholder meetings, with participation rates of 64.92% for the annual meeting and 71.66% and 63.74% for the first and second extraordinary meetings, respectively[131]. - The board of directors held seven meetings during the reporting period, ensuring compliance with legal requirements and maintaining accurate meeting records[122]. - The company has not faced any penalties from securities regulatory agencies for its current or past directors and management[144]. - The company emphasizes compliance with national and local regulations regarding social insurance and housing funds for its employees[145].