OXGF(SZ:300082)2022-04-28 16:00Financial Performance - The company's operating revenue for 2021 was ¥6,717,428,323.07, representing a 17.67% increase compared to ¥5,708,496,215.32 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥352,237,905.21, a decrease of 12.54% from ¥402,726,079.80 in 2020[20]. - The net cash flow from operating activities decreased by 20.23% to ¥496,827,950.63 in 2021, down from ¥622,849,757.51 in 2020[20]. - The total assets at the end of 2021 were ¥6,763,326,789.61, an increase of 24.48% from ¥5,433,135,137.77 at the end of 2020[20]. - The net assets attributable to shareholders increased by 5.16% to ¥3,449,480,545.49 at the end of 2021, compared to ¥3,280,376,280.91 at the end of 2020[20]. - The basic earnings per share for 2021 were ¥0.52, down 11.86% from ¥0.59 in 2020[20]. - The weighted average return on equity decreased by 1.50 percentage points to 10.63% in 2021, compared to 12.13% in 2020[20]. - The net profit after deducting non-recurring gains and losses was ¥337,566,539.11 in 2021, a decrease of 9.94% from ¥374,815,569.32 in 2020[20]. - The company achieved a revenue of 671,742.83 million CNY in 2021, representing a year-on-year growth of 17.67%[59]. - The concrete admixture industry accounted for 82.36% of total revenue, with revenue of ¥5,532,793,673.04, up 20.89% from the previous year[67]. - The polyethylene glycol segment saw a significant revenue increase of 182.17%, reaching ¥311,663,355.65, compared to ¥110,450,613.10 in 2020[69]. Cash Flow and Investments - The net cash flow from operating activities decreased by 20.23% to ¥496,827,950.63, primarily due to a decline in net profit and increased working capital requirements[86]. - The company reported a net cash outflow from investment activities of ¥637,329,126.65, a 71.34% increase compared to the previous year, mainly due to increased cash outflows for long-term assets[87]. - Cash flow from financing activities increased by 251.18% to ¥144,237,705.97, driven by an increase in bank loans compared to the previous year[86]. - The company has ongoing significant non-equity investments, including a project for a 100,000-ton/year ethylene oxide production facility, with an actual investment of CNY 71,517,169[108]. - The company reported a cumulative investment of CNY 142,822,903 in the 100,000-ton/year ethylene oxide project, achieving 100% of the planned progress[108]. Market and Product Development - The company is expanding its market presence in the pharmaceutical excipients sector, supplying over 400 formulation enterprises in China[34]. - The company is focusing on developing narrow distribution polyethylene oxide for lithium battery applications, which is expected to broaden its product range and mitigate competition risks[82]. - The company aims to enhance its core technology development and application transformation, focusing on high-quality development and sustainable practices[125]. - The company plans to strengthen its position in the epoxy-derived fine chemical industry by expanding its product range and investing in high-end electronic chemicals and energy battery materials[130]. - The company is actively involved in the research and development of fine chemical new materials, particularly in the field of epoxy derivatives[150]. Environmental and Sustainability Initiatives - The company is committed to sustainable development, focusing on green and biodegradable products that align with national policies on green and concentrated production[36]. - The company is committed to safety and environmental protection, ensuring that production facilities meet high standards to mitigate risks associated with hazardous chemicals[133]. - The company has implemented advanced treatment technologies to ensure compliance with the stringent environmental standards for wastewater discharge[200]. - The total annual discharge of pollutants was reported at 4.687 tons, reflecting the company's commitment to reducing environmental impact[200]. - The company is exploring potential mergers and acquisitions to strengthen its market position and enhance operational efficiencies[200]. Governance and Management - The company has established an independent financial accounting department, with its own financial personnel and management systems, ensuring financial independence[143]. - The company’s board of directors and supervisory board operate independently, with no subordinate relationship to the controlling shareholder[143]. - The company has a well-defined governance structure, ensuring independence in operations and decision-making[143]. - The company has a total of 98 authorized invention patents and over 100 utility model patents as of the end of 2021, with 37 new patents granted and 46 new applications filed during the year[55]. - The company has established a comprehensive talent development system focusing on management, technical expertise, and operational skills to enhance its workforce[53]. Future Outlook and Strategic Plans - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[167]. - The company plans to enhance its digital marketing strategy, increasing the budget by 30% to boost online sales channels[164]. - The company is investing in new technology, allocating 50 million RMB for R&D to improve production efficiency by 15%[164]. - The company aims to enhance market share and improve the value contribution of high-margin products through differentiated marketing and product structure adjustments[128]. - The company plans to increase R&D investment and strengthen collaboration with academic institutions to enhance technological contributions and optimize product structure[126].