STHC(SZ:200045)2022-03-16 16:00Financial Performance - The company's operating revenue for 2021 was ¥2,293,747,892.06, representing an increase of 8.76% compared to ¥2,108,964,687.80 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥61,162,384.25, a significant increase of 64.12% from ¥37,267,995.74 in 2020[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥40,650,013.22, up 124.78% from ¥18,084,607.04 in 2020[20]. - The total profit for 2021 was 86.23 million yuan, representing a year-on-year growth of 66.79%[46]. - The company reported a net profit of ¥75,114,666.20, despite significant differences with the cash flow from operating activities due to sales primarily being on credit[67]. - The company reported a total revenue of 1,115.28 million for the year 2021[131]. - The company reported a net profit of 238.2 million for 2021, showing a significant increase compared to the previous year[118]. Cash Flow and Investments - The net cash flow from operating activities for 2021 was -¥4,436,980.35, a decrease of 329.78% compared to ¥1,930,932.76 in 2020[20]. - Operating cash inflow totaled ¥2,433,304,906.36, reflecting a year-on-year increase of 17.71%[66]. - The net cash flow from investment activities was -¥258,529,444.37, an improvement of 18.97% compared to the previous year[66]. - The company reported a total of ¥96,175.1 million in raised funds, with ¥76,261.7 million utilized, indicating a usage rate of 79.3%[81]. - The total investment in the TFT-LCD polarizer project reached CNY 96,175.1 million, with an actual investment of CNY 70,034 million, achieving 50.36% of the planned progress[83]. Production and Operations - The company is involved in the production and processing of optical films, including polarizers, as part of its business expansion strategy[19]. - The company successfully launched OLED TV polarizers, filling a domestic market gap[33]. - The company has seven production lines for polarizers, with a planned capacity of 1.8 million square meters[36]. - The production of polarizers increased by 18.13% in sales volume, reaching 2,517.63 million square meters in 2021[56]. - The company is currently in the capacity ramp-up phase for its 7th line project, with ongoing improvements in speed and yield metrics[49]. Research and Development - The company applied for 8 patents in 2021, including 4 invention patents and 4 utility model patents, and received authorization for 10 patents[47]. - The company has developed and evaluated 93 types of new materials in 2021, enhancing its R&D capabilities[47]. - Research and development expenses increased by 54.12% to ¥103,508,764.53, driven by higher investment in R&D[64]. - The R&D investment as a percentage of operating revenue rose to 4.51%, up from 3.18% in the previous year[64]. Market and Competitive Position - The domestic market accounted for 88.92% of total revenue, with a year-on-year growth of 15.35%[53]. - The polarizer market in mainland China is projected to grow, with demand expected to reach 480 million square meters by 2025, accounting for over 70% of global demand[92]. - The company aims to enhance its core business in polarizers while exploring upstream raw material extensions, indicating a strategic shift towards integrated business development[93]. - The company is focusing on talent management to support sustainable development through effective recruitment and training mechanisms[102]. Governance and Compliance - The company has established a comprehensive governance structure, holding 11 board meetings and 9 supervisory meetings in 2021, ensuring compliance with legal and regulatory requirements[110]. - The company emphasizes transparency and investor communication, conducting four shareholder meetings with separate voting for minority investors[111]. - The company has established a clear governance structure with independent directors to enhance decision-making processes[116]. - The company is committed to maintaining transparency and compliance with regulatory requirements during its operations[113]. Environmental and Social Responsibility - The company has actively promoted green initiatives and received the "Outstanding Green Environmental Factory Award" in 2021[171]. - The company has implemented a comprehensive environmental monitoring plan, including monitoring wastewater pH and chemical oxygen demand multiple times per day[166]. - The company has saved 2,500 tons of tap water during the reporting period by using reclaimed water, effectively reducing wastewater discharge[167]. Employee Management and Development - The company has revised three human resource management systems to optimize talent development and performance management[170]. - The company emphasized a training program to enhance employee execution capabilities and foster a learning-oriented organization[144]. - The total number of employees at the end of the reporting period was 1,631, with 1,575 from major subsidiaries and 56 from the parent company[141].