海新能科(300072) - 2021 Q4 - 年度财报

Financial Performance - The company reported a total revenue of 2,349,720,302 RMB for the year, with a cash dividend of 0.05 RMB per 10 shares distributed to shareholders[6]. - The company's operating revenue for 2021 was ¥5,750,649,462.56, a decrease of 19.38% compared to ¥7,133,442,298.65 in 2020[28]. - The net profit attributable to shareholders in 2021 was ¥82,911,732.28, representing a significant increase of 106.01% from a loss of ¥1,380,160,472.90 in 2020[28]. - The net cash flow from operating activities reached ¥1,024,302,950.14 in 2021, a remarkable increase of 210.60% compared to a negative cash flow of ¥926,110,670.91 in 2020[28]. - The total assets at the end of 2021 were ¥14,769,888,368.94, down 21.81% from ¥18,889,296,831.40 at the end of 2020[28]. - The company reported a basic earnings per share of ¥0.0353 in 2021, recovering from a loss of ¥0.5874 in 2020[28]. - The company received government subsidies amounting to ¥17,580,944.38 in 2021, down from ¥32,479,125.58 in 2020[36]. - The company reported a total of ¥62,925,661.68 in other non-recurring gains, primarily from the transfer of wholly-owned subsidiaries[36]. Market Strategy and Operations - The company plans to expand its market presence and enhance its product offerings, focusing on new technologies and materials[6]. - The management highlighted potential risks in future operations and outlined corresponding mitigation strategies[6]. - The company has not made any commitments regarding future performance forecasts, emphasizing the importance of risk awareness for investors[6]. - The company emphasizes the importance of reading the full annual report for comprehensive insights into its operations and financial health[6]. - The company has shifted its strategic focus towards biofuel trade, reducing its involvement in traditional fossil fuel trading[53]. - The company is actively involved in the development of new technologies and products, including DMMn, which is part of a national energy innovation project[57]. - The company is committed to advancing its core technology demonstration projects, with the Haiguo Long oil suspension bed project achieving mid-term delivery[99]. Research and Development - The company holds 8 authorized patents for chemical fertilizer catalysts and 18 for hydrogenation catalysts, indicating a strong R&D advantage domestically[57]. - The company has applied for 3 patents related to biodiesel, with 58 authorized patents for related technologies, positioning it as an international leader in this field[57]. - The company has developed advanced materials and catalysts, including iron-based and ruthenium-based catalysts, with over 20 years of research in catalytic purification materials[72]. - The company is developing new catalysts for biofuels, aiming to enhance production capabilities and reduce costs[137]. - The company has made significant progress in various R&D projects, including the development of new purification agents and hydrogenation catalysts[137]. - The company has established partnerships with academic institutions, such as Fuzhou University, to enhance its R&D capabilities and patent portfolio[86]. Environmental and Sustainability Initiatives - The company’s biofuel production technology converts waste oils into green biodiesel and aviation fuel, contributing to the green energy market[52]. - The company aims to provide comprehensive technical solutions for the energy chemical industry, focusing on energy conservation and environmental protection[52]. - The company is committed to environmental sustainability, as evidenced by its low secondary pollution and cost-effective desulfurization solutions[81]. - The technology has passed certification by the China Environmental Protection Industry Association and is recognized as a domestic innovation reaching international advanced levels[82]. Financial Management and Investments - The company has engaged Lianda Accounting Firm for auditing services during the reporting period[27]. - The company has no ongoing major non-equity investments during the reporting period, indicating a focus on core operations[62]. - The company has implemented a comprehensive assessment management system to optimize personnel structure and retain talent, aiming for sustainable growth[102]. - The company has made significant improvements in its operational efficiency and governance, focusing on maximizing shareholder value[101]. - The company has successfully accelerated capital turnover by selling accounts receivable, improving operational efficiency[185]. - The company plans to focus on optimizing its asset structure through strategic sales and acquisitions[189]. Revenue and Cost Analysis - The chemical segment contributed ¥5.32 billion, accounting for 92.52% of total revenue, down 20.35% from the previous year's ¥6.68 billion[104]. - The new energy segment generated ¥419.82 million, representing 7.30% of total revenue, a slight decrease of 4.32% from ¥438.77 million in the previous year[104]. - The total operating costs decreased by 19.22% to ¥5,015,865,202.68 in 2021[123]. - The main business cost for the chemical sector was ¥4,521,950,920.23, representing 90.15% of total operating costs, a decrease of 22.08% compared to the previous year[123]. - The company reduced its accounts receivable from ¥7.60 billion at the beginning of the period to ¥2.38 billion by the end of the reporting period[99]. Asset Management - The company's long-term equity investments increased significantly to 1,533,588,980.48 yuan, accounting for 10.38% of total assets, due to the inclusion of new subsidiaries[148]. - The company's inventory decreased to 1,753,072,398.20 yuan, representing 11.87% of total assets, mainly due to reduced inventory from purification projects[148]. - The company's short-term borrowings decreased to 368,182,379.43 yuan, accounting for 2.49% of total liabilities, due to repayments made during the reporting period[152]. - The company has secured various assets with restricted rights, primarily due to bank loan collateral agreements[156]. Future Projections and Commitments - The company reported a net profit expectation of ¥17,677,600.00 annually from the Bohu Sanju Green Huai project, with a tax-inclusive payback period[168]. - The annual net profit forecast for the Pinglu Sanju Green Source 10,000-ton straw biomass comprehensive recycling project is estimated at CNY 17,174,100, with a payback period of 7.28 years including a 1-year construction period[170]. - The company plans to focus on hydrocarbon biodiesel, eco-friendly materials, and chemical products as its main business directions moving forward[111].