OXGF(SZ:300082)2023-07-11 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[21] - 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[21] - The net cash flow from operating activities decreased by 20.23% to ¥496,827,950.63 in 2021 from ¥622,849,757.51 in 2020[21] - 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[21] - The net assets attributable to shareholders increased by 5.16% to ¥3,449,480,545.49 at the end of 2021 from ¥3,280,376,280.91 at the end of 2020[21] - The basic earnings per share for 2021 was ¥0.52, down 11.86% from ¥0.59 in 2020[21] - The diluted earnings per share also stood at ¥0.52, reflecting the same decrease of 11.86% from the previous year[21] - The weighted average return on equity decreased by 1.50 percentage points to 10.63% in 2021 from 12.13% in 2020[21] Revenue Breakdown - In 2021, the total operating revenue for the company was approximately CNY 6.99 billion, with quarterly revenues of CNY 1.38 billion, CNY 1.73 billion, CNY 1.87 billion, and CNY 1.73 billion respectively[23] - The net profit attributable to shareholders for the year was approximately CNY 352 million, with quarterly profits of CNY 51.12 million, CNY 32.35 million, CNY 109.88 million, and CNY 158.89 million respectively[23] - The concrete admixture industry generated ¥5,532,793,673.04, accounting for 82.36% of total revenue, with a year-on-year growth of 20.89%[66] - Polyether monomer sales amounted to ¥5,532,793,673.04, with a sales volume increase of 20.19% compared to the previous year[69] Market and Product Development - The company is investing in the production of lithium battery electrolyte solvents, utilizing proprietary technology that is "world-first and internationally leading" for carbon dioxide resource utilization[33] - The domestic market for new energy materials, particularly lithium batteries, saw a significant growth with a 157.5% increase in sales of new energy vehicles in 2021, reaching 3.52 million units[33] - The pharmaceutical excipients industry is entering a stable development phase, with the company positioned as a major supplier to over 400 formulation enterprises in China[34] - The company is expanding its market presence in the pharmaceutical excipients sector, developing high-end injectable and raw material grade products for international markets[34] - The company is focusing on the development of epoxy-derived new energy battery materials and enhancing carbon dioxide resource utilization as part of its strategic goals during the 14th Five-Year Plan[33] Strategic Partnerships and Collaborations - The company has established partnerships with Shenzhen Yanyi New Materials Co., Ltd. to promote collaboration in the lithium battery electrolyte solvent sector[33] - The company has established strategic partnerships with major players like Sinopec and PetroChina, ensuring stable raw material supply[55] - The company established a strategic partnership with the China Daily Chemical Research Institute, achieving industrial production of ethoxylated fatty alcohols, reaching a leading level domestically[61] Research and Development - The company is developing new products and technologies, including proprietary catalysts and synthesis methods, to improve product performance and cost efficiency[45] - The company is focusing on expanding its product range through R&D and industrialization of over 20 new product results, enhancing its technological capabilities[61] - The company aims to increase R&D investment and enhance the integration of production, education, and research to improve technological contribution rates and optimize product structure[118] Environmental and Safety Management - The company has established various environmental protection facilities, including wastewater collection pools and online monitoring systems, which are all operating normally[195] - The company maintains a commitment to environmental standards, with no significant pollution incidents reported during the year[197] - The company has implemented a rainwater and sewage diversion system across its subsidiaries to enhance environmental protection measures[195] - The company is facing safety and environmental risks due to the handling of hazardous chemicals like ethylene and ethylene oxide, and it is investing in safety and environmental management systems[124] Governance and Management - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[130] - The company has established a fair and transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management[131] - The company actively engages in investor relations management, providing multiple channels for investors to access information and communicate[132] - The company has a complete and independent asset structure, including land, buildings, machinery, trademarks, patents, and proprietary technologies[134] Future Outlook and Strategic Goals - The company aims to achieve high-quality development through a unique organizational structure that emphasizes customer-centricity and resource integration[50] - The company has set a long-term vision for 2035, aligning its development strategy with national planning and market trends[50] - The company is committed to becoming a leading manufacturer of green low-carbon fine chemicals and new materials, aligning with national carbon neutrality goals[120] - The company plans to enhance its market response capabilities and increase the contribution of high-margin products through differentiated marketing strategies[118]