联创股份(300343) - 2021 Q4 - 年度财报

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB in 2021, representing a year-on-year growth of 15%[22]. - The company's operating revenue for 2021 was ¥1,835,098,495.63, representing a year-over-year increase of 5.56% from ¥1,738,388,036.48 in 2020[29]. - Net profit attributable to shareholders was ¥287,729,234.70, a significant recovery from a loss of ¥87,383,232.67 in 2020, marking a 429.27% increase[29]. - The net profit after deducting non-recurring gains and losses was ¥278,945,498.31, compared to a loss of ¥435,766,500.30 in the previous year, reflecting a 164.01% improvement[29]. - The net cash flow from operating activities reached ¥366,937,878.32, up 416.50% from ¥71,043,020.25 in 2020[29]. - Basic and diluted earnings per share were both ¥0.25, a recovery from a loss of ¥0.08 per share in 2020, representing a 412.50% increase[29]. - The total assets at the end of 2021 were ¥1,896,773,243.74, while the net assets attributable to shareholders were ¥996,994,496.39, a decrease of 12.74% from the previous year[29]. - The company reported a significant increase in quarterly revenue, with Q4 2021 revenue reaching ¥598,573,769.67, up from ¥332,372,048.38 in Q1 2021[34]. Market Expansion and Strategy - The company provided a positive outlook for 2022, projecting a revenue growth of 10% to 15% based on market expansion strategies and new product launches[22]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[22]. - A strategic acquisition of a local competitor is under consideration, which could potentially increase the company's production capacity by 40%[22]. - The company has actively expanded into international markets, developing new clients in South Korea, Southeast Asia, and the Middle East[76]. - The company aims to focus on the fluorine new materials business, specifically PVDF, which has a total demand of approximately 58,000 tons in 2021 and an industry scale of 20 billion RMB[148]. Research and Development - Investment in new product development increased by 30% in 2021, focusing on innovative materials and technologies to enhance product offerings[22]. - The company is focusing on the development of fluorine-containing new materials and polyurethane new materials, aligning with national carbon neutrality goals and the growth of the new energy sector[45]. - The company has a strong focus on R&D, with various patented technologies enhancing production efficiency and product quality across its product lines[59]. - The company has built a comprehensive R&D team for polyurethane new materials, enhancing its ability to meet customer-specific needs[75]. - The company is increasing R&D investment to enhance innovation capabilities, including establishing a lithium battery advanced materials research center[157]. Environmental and Compliance Initiatives - The company has implemented new strategies to mitigate environmental risks, including a 50% reduction in waste emissions by 2023[22]. - The company is closely monitoring policy changes that may impact operations, ensuring adaptability to maintain compliance and minimize risks[22]. - The company anticipates that the implementation of the Kigali Amendment will significantly impact the production and consumption of HFCs, with a target to reduce HFCs by at least 80% over the next 30 years[150]. - The company is committed to improving governance and compliance, ensuring timely and accurate information disclosure to protect the interests of minority investors[158]. Operational Efficiency - The company has achieved a significant reduction in financial expenses by 55.58% to ¥10,636,677.95 due to the repayment of bank financing[105]. - The total operating costs for 2021 amounted to ¥1,109,416,815, a decrease of 31.39% compared to ¥1,617,095,266 in 2020[93]. - The company aims to reduce manufacturing costs significantly through various R&D projects, enhancing its competitive position in the industry[106]. - The company has a complete industrial chain that enhances its competitive advantage and ensures sustainable profitability[71]. Human Resources and Management - The company has established a comprehensive human resources management system, including recruitment, training, performance evaluation, and incentive mechanisms[179]. - The management team is experienced and innovative, focusing on technology and scale development to enhance the company's core competitive advantages[72]. - The current management team includes experienced professionals with backgrounds in engineering and project management[200]. - The management structure includes representatives from various departments, ensuring a well-rounded approach to decision-making[200]. Financial Management and Investments - The company has incorporated 18 subsidiaries into its consolidated financial statements for 2021, with one new addition and 17 divestments[94]. - The company’s investment activities generated a net cash flow of -¥106,224,561.62 in 2021, with cash outflows increasing by 21.76% compared to 2020[118]. - The total investment during the reporting period was ¥47,811,600, representing a 44.41% increase compared to ¥33,108,311 in the same period last year[129]. - The company has ongoing investments in three major projects, with a total investment of ¥86,349,017.11 during the reporting period[129]. Product Development and Market Trends - The company has developed a polyurethane product chain, including polyether polyols and polyester polyols, which are essential for various applications such as insulation and construction materials[52]. - The company is developing a series of polyurethane products for the cold chain industry, aiming for international leading performance and large-scale supply to major players in the sector[157]. - The fourth-generation refrigerant HFO-1234yf and the fourth-generation foaming agent HCFO-1233zd are projected to have significant market potential, with substantial reductions in carbon dioxide emissions compared to previous generations[151][154]. - The lithium battery PVDF market is expected to grow at a compound annual growth rate (CAGR) of over 50% due to the rapid increase in new energy vehicles and the rising proportion of lithium iron phosphate batteries[149].