CCEM(SZ:300655)2022-04-27 16:00Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 1.00 yuan (including tax) for every 10 shares based on a total of 340,638,672 shares, with no bonus shares issued[7]. Financial Performance - The company reported a total revenue of RMB 1.2 billion for the fiscal year 2021, representing a year-over-year growth of 15%[21]. - The gross profit margin improved to 35%, up from 30% in the previous year, indicating better cost management and pricing strategies[21]. - The company's operating revenue for 2021 was ¥1,832,087,602.85, representing a 79.21% increase compared to ¥1,022,332,455.74 in 2020[34]. - The net profit attributable to shareholders for 2021 was ¥200,996,573.60, a significant increase of 161.20% from ¥76,950,097.76 in 2020[34]. - The net cash flow from operating activities for 2021 was ¥167,022,219.98, an increase of 161.86% compared to ¥63,782,672.24 in 2020[37]. - The total assets at the end of 2021 were ¥2,924,628,198.60, reflecting a 40.37% increase from ¥2,083,465,850.60 at the end of 2020[37]. - The net assets attributable to shareholders at the end of 2021 were ¥1,606,729,586.96, a 22.25% increase from ¥1,314,263,604.16 at the end of 2020[37]. - The basic earnings per share for 2021 were ¥0.59, up 145.83% from ¥0.24 in 2020[37]. - The diluted earnings per share for 2021 were also ¥0.59, reflecting a 145.83% increase from ¥0.24 in 2020[37]. - The company reported a total of ¥86,445,720.55 in non-recurring gains for 2021, compared to ¥32,821,775.04 in 2020[44]. - The weighted average return on net assets for 2021 was 13.99%, an increase from 7.04% in 2020[37]. Market and Growth Strategy - The company is focused on expanding its market presence and enhancing its product offerings through new technology development[7]. - The company has outlined future plans and strategies in its management discussion and analysis section, highlighting growth opportunities[7]. - The company has set a revenue target of RMB 1.5 billion for 2022, which reflects a growth expectation of 25%[21]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market penetration by 2023[21]. - A strategic acquisition of a local competitor is anticipated to enhance production capacity by 30% and reduce operational costs[21]. Research and Development - Research and development expenses increased by 18%, totaling RMB 150 million, to support innovation in electronic chemical materials[21]. - The company has invested significantly in R&D for advanced photoresists, acquiring additional lithography machines to support its development efforts[55]. - The company has initiated R&D for high-end ArF photoresists and has completed pilot testing for high-end KrF photoresists, which are currently in customer testing phases[69]. - The company is developing a high-end photoresist for 28nm node ArF immersion lithography, which aims to enhance technical capabilities and increase sales[174]. - The company has increased its R&D investment to address the domestic demand for photoresists, aiming to reduce reliance on imports[174]. Production and Capacity - The company has established a significant production capacity for semiconductor-grade high-purity sulfuric acid, with a first-phase production line of 30,000 tons successfully launched, achieving G5 grade quality[59]. - The company is actively constructing a second-phase project for semiconductor-grade high-purity sulfuric acid with a capacity of 60,000 tons, expected to be completed in the first half of 2023[59]. - The production capacity utilization rate for photoresists and supporting materials reached 139.15%[115]. - The production capacity for ultra-pure chemicals is 48,700 tons/year with a utilization rate of 108.66%[115]. - The company is focused on expanding its production capabilities in various chemical parks, including ultra-pure chemicals and lithium battery materials[118]. Customer Base and Market Position - The company has a stable customer base, including major clients in the semiconductor industry such as SMIC and Changjiang Storage, and in the lithium battery sector like CATL and BYD[53]. - The company has formed strategic partnerships with major semiconductor clients, including SMIC and Huahong Grace, enhancing its market position[133]. - The company has established long-term stable partnerships with leading companies in the lithium battery sector, enhancing its market position[146]. Sustainability and Environmental Impact - The company has initiated a sustainability program aimed at reducing carbon emissions by 25% over the next five years[21]. - The company has received environmental impact approval for its high-end photoresist R&D project in April 2021[118]. - The company has a strong commitment to sustainable practices, as evidenced by its various environmental permits and licenses[119]. Risks and Challenges - The company faces various risks including market demand fluctuations, competition, safety production, and raw material price volatility[7]. - The company emphasizes the importance of maintaining advanced technology and preventing core technology leakage as a key risk factor[7]. - The company has committed to maintaining a strong risk awareness among investors regarding its future plans and projections[6]. Intellectual Property - The company has a total of 88 patents, showcasing its strong focus on intellectual property and innovation[125]. - The company has 44 patented technologies related to photoresists, enhancing its R&D and market position[112].