华信新材(300717) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥323,573,120.66, representing a 22.84% increase compared to ¥263,416,942.13 in 2020[19]. - The net profit attributable to shareholders for 2021 decreased by 42.20% to ¥20,965,433.02 from ¥36,270,192.39 in 2020[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥18,901,254.84, down 42.78% from ¥33,035,467.47 in 2020[19]. - The net cash flow from operating activities for 2021 was ¥35,729,801.25, a decrease of 40.90% compared to ¥60,461,213.65 in 2020[19]. - Basic and diluted earnings per share for 2021 were both ¥0.21, down 40.00% from ¥0.35 in 2020[19]. - The weighted average return on equity for 2021 was 3.46%, down from 6.13% in 2020[19]. - Total assets at the end of 2021 were ¥690,106,246.94, an increase of 3.47% from ¥666,971,952.31 at the end of 2020[20]. - The net assets attributable to shareholders at the end of 2021 were ¥614,635,170.26, up 2.32% from ¥600,678,908.64 at the end of 2020[20]. - The company achieved a revenue of 323.57 million yuan in 2021, with exports amounting to 63.49 million yuan, benefiting from a 13% export tax rebate policy[72]. - The company reported a total investment income of ¥377,677.73, accounting for 1.62% of total profit, primarily from dividends on other equity investments[103]. - The company reported a net profit of RMB 20,965,433.02 for the year 2021, with distributable profits available for shareholders totaling RMB 237,149,602.63[176]. Dividend Policy - The company reported a profit distribution plan, proposing a cash dividend of 0.50 RMB per 10 shares (before tax) based on a total of 102,400,000 shares[5]. - The total cash dividend amount for the current year was RMB 5,120,000, with no stock dividends or capital increases[174]. - The cash dividend per 10 shares is RMB 0.50 (including tax), based on a total share capital of 102.4 million shares as of December 31, 2021[176]. - The cash dividend distribution for the 2020 fiscal year was set at RMB 1.00 per 10 shares, totaling RMB 10.24 million distributed to shareholders[173]. - The company's cash dividend policy was executed transparently and in accordance with its articles of association, ensuring protection of minority shareholders' rights[174]. - The total cash dividend distributed amounts to RMB 5,120,000, which represents 100% of the total profit distribution[176]. Strategic Outlook and Development - The company has outlined its future development outlook, although specific numerical forecasts were not provided in the available content[5]. - The company is actively seeking partnerships and projects in the functional film industry to expand its market presence[30]. - The company is focusing on the development of high-end smart card materials in response to national policies promoting the smart card industry[31]. - The company aims to enhance its product structure and increase profitability through new product development and technological innovation[118]. - The company plans to deepen its focus on high-end card materials and expand into international markets in 2022[117]. - The company aims to achieve mass production of new products such as high-toughness PETG and anti-static PVC films, enhancing its product range and technological reserves[98]. - The company plans to accelerate the development of secondary entrepreneurship as a transformation opportunity[166]. Research and Development - The company has developed a range of card base materials, including PETG, PVC, ABS, PC, and biodegradable materials, to meet diverse market needs[54]. - The company has established a new R&D center to support innovation and product development[118]. - The company has over 20 years of experience in PETG processing technology, enhancing its competitive edge in the decorative materials market[36]. - The company's R&D investment in 2021 amounted to ¥12,741,560.57, representing 3.94% of its operating revenue, an increase from 3.11% in 2020[99]. - Research and development expenses increased by 55.62% to ¥12,741,560.57, driven by higher investment in R&D[97]. - The number of R&D personnel remained stable at 51 in 2021, with a slight increase in the proportion of R&D staff to 13.71% from 13.49% in 2020[99]. - The company has established long-term stable partnerships with leading enterprises and research institutions, ensuring its technology remains at the forefront of the industry[73]. Market and Industry Trends - The stable demand for second-generation resident ID cards significantly enhances the company's risk resistance and profitability, with a large market scale due to China's population[38]. - The promotion of the third-generation social security card is expected to stimulate demand for card replacements, expanding the market for the smart card industry[40]. - The trend of transforming various certificates into cards will drive demand for smart card substrates, with the company actively enhancing its R&D capabilities[41]. - The demand for personalized and eco-friendly materials is increasing, with the company obtaining GRS certification for its polymer recycling materials[42]. - The domestic demand for card materials is pushing the development of smart card substrates, aligning with national strategies for self-sufficiency and innovation[43]. - The smart card industry has seen rapid growth, particularly in sectors like social security, finance, and communication, indicating a vast market potential[37]. Governance and Compliance - The company has established a complete independent business system, ensuring no competition or unfair related transactions with the controlling shareholder[137]. - The company maintains an independent financial department with a complete financial accounting system, allowing for independent financial decision-making[140]. - The company has revised its governance documents to comply with the latest regulatory requirements, including the articles of association and internal reporting systems[128]. - The board consists of 9 members, including 3 independent directors, ensuring a balanced governance structure[132]. - The company has not identified any significant internal control deficiencies during the reporting period[185]. - The internal audit department operates independently, reporting to the audit committee and overseeing financial and significant matters[183]. - The company has maintained compliance with environmental regulations, with no administrative penalties reported during the reporting period[192]. Employee and Management Structure - The total number of employees at the end of the reporting period was 380, with 239 in production, 16 in sales, 51 in technology, 7 in finance, and 67 in administration[169]. - The company has a diverse management team with various educational backgrounds, including engineers and accountants[152]. - The company has maintained a stable core management team, which is crucial for driving innovation and responding to market demands[78]. - The company has been actively expanding its management team, with several members having long tenures since 1999[152]. - The company implemented a stock incentive plan for 77 middle management and technical personnel during the reporting period[170]. - The average remuneration for the senior management team is approximately 24.93 million yuan per person[158]. Social Responsibility - The company actively fulfills its social responsibilities and maintains communication with stakeholders to promote sustainable development[134]. - The company is committed to corporate social responsibility, complying with laws and regulations while supporting local economic development[200]. - The company strictly adheres to labor laws, ensuring employee rights and providing social insurance for medical, pension, unemployment, work injury, and maternity[196]. - The company has increased employee salaries and implemented equity incentives to enhance employee motivation and creativity amid challenges like the pandemic and rising raw material costs[196].