BSP(SZ:200761)2022-03-25 16:00Financial Performance - The company's operating revenue for 2021 was ¥77,912,144,981.46, representing a 60.03% increase compared to ¥48,684,792,685.58 in 2020[28]. - The net profit attributable to shareholders for 2021 was ¥2,500,582,902.58, a significant increase of 550.77% from ¥384,252,740.78 in 2020[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,517,758,656.14, up 560.02% from ¥381,469,784.99 in the previous year[28]. - The net cash flow from operating activities for 2021 was ¥413,473,454.04, a turnaround from a negative cash flow of ¥2,039,000,213.29 in 2020, marking a 120.28% improvement[28]. - Basic earnings per share for 2021 were ¥0.60, reflecting a 500.00% increase from ¥0.10 in 2020[28]. - The company achieved a sales revenue of 77.912 billion yuan, a year-on-year increase of 60%[53]. - The profit reached 3.435 billion yuan, representing a year-on-year growth of 724.16%[53]. - Operating revenue for Q1 was CNY 15,252,265,770.99, while Q2 and Q3 revenues were CNY 23,335,862,441.15 and CNY 22,839,272,300.53 respectively, with Q4 dropping to CNY 16,484,744,468.79[34]. - Net profit attributable to shareholders for Q3 was CNY 1,568,670,728.28, but Q4 saw a loss of CNY 1,276,885,993.61[34]. Shareholder Returns - The company plans to distribute a cash dividend of ¥6.00 per 10 shares (including tax) to all shareholders[7]. - The total cash dividends distributed for the mid-year profit distribution amounted to CNY 1,942,530,302.5, with a distribution of CNY 5 per 10 shares[191]. - The company plans to distribute CNY 2,464,914,827.4 in cash dividends for the 2021 fiscal year, at a rate of CNY 6 per 10 shares[191]. - The company reported a cash dividend of 6.00 CNY per 10 shares, totaling 2,464,914,827.40 CNY, which represents 82.79% of the distributable profit[194]. Risk Management - The company has detailed its risk management strategies in the report, emphasizing the importance of investor awareness regarding investment risks[7]. - The company faces environmental risks due to increasing regulatory pressures and aims to improve its environmental performance through enhanced management systems[126]. - The company is addressing energy risks by improving production processes and increasing energy efficiency amid rising global energy prices[127]. - Market competition risks are heightened due to economic uncertainties, prompting the company to focus on high-margin products and strategic pricing[128]. - The company is optimizing its logistics and supply chain management to mitigate foreign trade risks and ensure timely delivery of raw materials[129]. Corporate Governance - The company has established a clear governance structure, ensuring compliance with relevant laws and regulations[135]. - The board of directors operates independently, with specialized committees for audit, strategy, nomination, and compensation[136]. - The company maintains a robust investor relations management system, enhancing communication with shareholders[137]. - The controlling shareholder, Ansteel Group, has committed to avoiding competition with the company through various measures[141]. - The company adheres to strict information disclosure practices, ensuring transparency and accuracy in reporting[135]. Research and Development - The company launched 100 research projects in the year, a 69.5% increase year-on-year, with a 90% implementation rate[55]. - R&D investment amounted to ¥2,343,822,000, representing a 52.03% increase from ¥1,541,651,000 in the previous year[85]. - The company aims to achieve a production pass rate of 80% for high-grade cold-rolled automotive outer panels, which currently stands at 73.8%[79]. - The development of high-carbon chromium bearing steel GCr15 aims to stabilize production for sizes up to Φ150mm, addressing market demand[79]. - The integration of production technology for cold-rolled hot-dip galvanized automotive surface panels has achieved a pass rate of over 70%[79]. Operational Efficiency - The company has implemented a management innovation strategy to enhance efficiency and establish a performance-centered management mechanism[60]. - The company is focusing on digital and intelligent transformation, promoting the application of innovative technologies such as industrial robots[60]. - The company aims to reduce operational costs by 10% through efficiency improvements in the next fiscal year[147]. - The company completed 80 training projects in 2021, training a total of 14,474 employees, achieving a training rate of 70%[190]. Market Position and Strategy - The company aims to achieve ultra-low emissions by the end of 2023, with over 40 ultra-low emission projects included in the investment plan[52]. - The company has established a product series of over 7500 specifications, with high-value products making up over 80% of its offerings[45]. - The company is investing 500 million RMB in R&D for new technologies aimed at enhancing production efficiency[147]. - Market expansion plans include entering two new international markets by the end of 2022[147]. - The company completed a strategic acquisition of a smaller competitor for 1 billion RMB to enhance market share[147]. Financial Health - Total assets decreased by 15.17% to CNY 55,147,123,275.30 from CNY 65,007,470,749.20 at the end of 2020[31]. - Net assets attributable to shareholders increased by 7.05% to CNY 22,500,969,014.30 from CNY 21,018,296,389.10 year-over-year[31]. - The company reported a total revenue of 10 billion RMB for the fiscal year 2021, representing a year-on-year increase of 15%[147]. - The company’s total unallocated profit at the end of the reporting period was CNY 2,977,306,297.64[191]. Employee Management - The total number of employees at the end of the reporting period was 18,858, with 15,083 in production roles[184]. - The company’s workforce includes 1,480 technical staff and 181 sales personnel[184]. - The number of R&D personnel increased to 1,798, a growth of 3.81% compared to the previous year[85]. - The company has not implemented any employee stock ownership plans or other employee incentive measures during the reporting period[198].