豪美新材(002988) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 5,599,511,474.75, representing a 62.91% increase compared to CNY 3,437,139,446.60 in 2020[6]. - The net profit attributable to shareholders for 2021 was CNY 139,148,792.84, a 20.03% increase from CNY 115,928,181.30 in 2020[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 128,186,461.59, up 58.86% from CNY 80,691,034.06 in 2020[6]. - The basic earnings per share for 2021 was CNY 0.5978, reflecting a 7.52% increase from CNY 0.5560 in 2020[6]. - The total assets at the end of 2021 amounted to CNY 5,033,289,843.90, a 25.41% increase from CNY 4,013,614,714.62 at the end of 2020[6]. - The net cash flow from operating activities for 2021 was negative CNY 332,823,647.88, a significant decrease of 1,741.24% compared to CNY 20,278,775.89 in 2020[6]. - The company achieved a sales revenue of 5.6 billion yuan in 2021, representing a year-on-year growth of 62.91%[54]. - The net profit attributable to the parent company was 139 million yuan, an increase of 20.03% year-on-year, while the net profit excluding non-recurring gains and losses was 128 million yuan, up 58.86%[54]. - The company's aluminum profile production reached 250,000 tons, a year-on-year increase of 44.92%, with sales volume at 246,600 tons, growing by 41.78%[54]. Market and Industry Trends - The company operates in a growing aluminum profile market, with China's urbanization rate at 64.72% in 2021, driving demand for both new construction and renovation projects[30]. - The industrial aluminum profile sector is expected to grow, supported by national policies promoting lightweight materials in transportation and machinery[31]. - The total production of aluminum profiles in China reached approximately 20.59 million tons in 2021, with a 67.02% share from construction aluminum profiles[29]. - The automotive lightweight market is expected to grow significantly, with demand for aluminum extrusion materials increasing by over 100% due to the rise of electric vehicles[101]. - The penetration rate of system windows in the domestic market is currently only 2%-5%, compared to over 70% in Europe, indicating significant growth potential in the domestic market[44]. Research and Development - The company invested 192 million yuan in R&D, a 58.74% increase, accounting for 3.43% of total revenue[57]. - The company has established a global leading technology application center for system windows, contributing to the development of national standards and holding 33 invention patents and 253 utility model patents[48]. - The company has developed high-performance aluminum alloys and related technologies, achieving international advanced or domestic leading levels in the production of automotive-grade 7-series aluminum extrusions[48]. - The company has a professional R&D team and multiple research platforms, enhancing its capabilities in aluminum processing and lightweight automotive materials[47]. - The company has nearly 700 patents, including 33 invention patents, reflecting its commitment to innovation and technology advancement[57]. Corporate Governance - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring a robust independent business capability[118]. - The company has established a mechanism for accountability regarding major errors in information disclosure, enhancing the quality and transparency of annual report disclosures[116]. - The company has a clear management structure, with the general manager and senior management fulfilling their duties in accordance with the company's regulations[116]. - The company actively engages with investors through various channels, including visits, consultations, and online interactions, to enhance investor recognition and understanding[116]. - The company has established independent labor, personnel, and salary management systems, ensuring no overlap with the controlling shareholder's enterprises[118]. Environmental Responsibility - The company has established wastewater and air pollution treatment facilities to ensure compliance with environmental standards[166]. - The total wastewater discharge was reported at 1,179,600 tons per year, with specific pollutant concentrations meeting regulatory requirements[166]. - The company has implemented measures to reduce carbon emissions, including the use of recycled aluminum, and has conducted carbon footprint verification[170]. - The company has committed to environmental protection as a fundamental requirement for sustainable development[173]. - The company has not faced any significant environmental pollution incidents or penalties during the reporting period[173]. Employee and Talent Management - The total number of employees at the end of the reporting period was 3,910, with 1,874 in the parent company and 2,036 in major subsidiaries[145]. - The professional composition includes 2,696 production personnel, 260 sales personnel, 422 technical personnel, 81 financial personnel, and 451 administrative personnel[145]. - The company's compensation policy is closely related to achieving business goals, combining fixed and variable salaries[146]. - The training plan focuses on enhancing job skills, building a solid training system, and developing a talent pipeline[147]. - The company aims to improve the skills of key process personnel to meet the needs of a skilled workforce[147]. Profit Distribution - The company distributed a cash dividend of RMB 2.20 per 10 shares, totaling RMB 51,209,400, which represents 100% of the total profit distribution[157]. - The company’s cash dividend policy requires a minimum of 20% of the distributable profit to be distributed as cash dividends when there are significant capital expenditure plans[151]. - The company’s cumulative cash dividends over the last three years must not be less than 30% of the average annual distributable profit[149]. - The company has established a profit distribution policy that emphasizes reasonable returns to investors while ensuring sustainable development[150]. - The company’s profit distribution plan must be approved by at least two-thirds of the voting rights at the shareholders' meeting[152]. Financial Management - The company has a dedicated financial department to safeguard the interests of both shareholders and creditors[171]. - The company’s internal control system is designed to ensure compliance with laws and regulations, asset security, and the integrity of financial reporting[159]. - The company has not identified any significant internal control deficiencies during the reporting period[160]. - The company reported a total asset amount of 100% included in the evaluation scope, indicating comprehensive coverage of its financial statements[163]. - The company has established a sound quality control system to maximize customer satisfaction and protect customer rights[172].