GUOLIN TECHNOLOGY(SZ:300786)2022-03-17 16:00Financial Performance - The company's operating revenue for 2021 was CNY 495,588,958.91, representing a 23.41% increase compared to CNY 401,578,784.24 in 2020[17]. - The net profit attributable to shareholders for 2021 was CNY 76,028,886.36, a decrease of 4.95% from CNY 79,987,030.16 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 73,951,648.41, which is a 4.38% increase from CNY 70,849,997.61 in 2020[17]. - The total assets at the end of 2021 amounted to CNY 1,544,139,726.75, reflecting a 36.29% increase from CNY 1,133,020,430.56 at the end of 2020[17]. - The net assets attributable to shareholders increased by 49.26% to CNY 1,243,916,155.33 from CNY 833,382,008.83 in 2020[17]. - The basic earnings per share for 2021 were CNY 0.84, down 10.64% from CNY 0.94 in 2020[17]. - The net cash flow from operating activities was negative CNY 19,113,550.65, a significant decrease of 127.39% compared to CNY 69,781,644.07 in 2020[17]. - The total profit amounted to 87.36 million yuan, a decrease of 5.35% year-on-year[33]. - The company achieved operating revenue of 495.59 million yuan, an increase of 23.41% year-on-year[33]. - The company reported a significant increase in revenue from the municipal water supply sector, which grew by 50.26% to CNY 46.25 million[49]. - The revenue from the oxygen generator segment surged by 1,962.73% to CNY 67.16 million, indicating strong demand in this area[49]. - The company has made strides in domestic and international markets, with overseas revenue increasing by 449.95% to CNY 53.23 million[49]. - The sales volume of ozone generators and related systems increased by 16.07% from 865 units in 2020 to 1,004 units in 2021[53]. - The inventory of ozone generators decreased by 42.48%, from 266 units in 2020 to 153 units in 2021, due to higher sales than production[53]. Research and Development - The company has developed a full range of ozone generators with single machine outputs ranging from 3 kg/h to 120 kg/h[34]. - The company has achieved breakthroughs in high-concentration ozone generation technology, with ozone generator output concentration reaching 200-300 mg/L and ozone water concentration reaching 80-150 PPM, targeting the semiconductor industry[35]. - The company has developed an electrolytic water-type ozone generator suitable for medical treatment, household water treatment, and space disinfection, with high ozone purity[35]. - The company holds 10 invention patents and multiple utility model patents, significantly enhancing its core competitiveness in the ozone equipment manufacturing sector[36]. - Research and development investment reached CNY 19.45 million, reflecting a steady increase, with the company holding 10 invention patents and 16 utility model patents by the end of the reporting period[46]. - The number of R&D personnel increased by 16% from 75 in 2020 to 87 in 2021, with a notable rise in the number of personnel holding bachelor's degrees[65]. - The company is developing a high-concentration ozone generator with a target concentration of 400mg/L, aimed at expanding its market in semiconductor and pharmaceutical industries[63]. - The company is investing in manufacturing information technology to improve operational efficiency and production capabilities[87]. - The company has committed to increasing research and development investments in ozone technology and applications to capture market opportunities[84]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[98]. - A strategic acquisition of a local competitor is expected to enhance the company's capabilities and increase market share by 5%[98]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 300 million RMB allocated for this purpose[115]. - The company aims to enhance its core competitiveness through continuous technological innovation and expand its market share in high-end markets[85]. - The company plans to complete the 25,000 tons/year high-quality crystalline acetaldehyde project by 2022, utilizing proprietary technology for production[86]. - The company will focus on developing high-concentration ozone generators for semiconductor cleaning and health-related applications, promoting diversified growth[86]. Corporate Governance and Compliance - The board of directors confirmed compliance with all regulatory requirements, ensuring good corporate governance practices[101]. - The company maintains a complete and independent governance structure, ensuring no significant discrepancies with legal and regulatory requirements[105]. - The company has a fully independent financial department, adhering to accounting standards and maintaining separate bank accounts, ensuring no shared accounts with controlling shareholders[107]. - The company has established a complete and independent R&D, production, and sales system, allowing it to operate independently from shareholders and related parties[106]. - The company has committed to protecting investors' legal rights, with measures in place to ensure compliance[110]. - The company has established a mechanism for profit distribution decision-making that requires board approval and independent director opinions[157]. Environmental and Social Responsibility - The company actively fulfills social responsibilities and adheres to environmental protection regulations, promoting sustainable development[104]. - The company emphasizes investor protection and has optimized the long-term mechanism for investor returns since its listing[149]. - The company is committed to green environmental protection and resource conservation through technological innovation[149]. - The company has established partnerships with three major environmental organizations to enhance its sustainability initiatives[98]. - The company does not belong to the key pollutant discharge units published by the environmental protection department[148]. - There were no administrative penalties due to environmental issues during the reporting period[148]. Shareholder and Dividend Policies - The company plans to distribute a cash dividend of CNY 1.50 per 10 shares, with a total base of 102,231,044 shares[4]. - The total cash dividend amount is 15,334,656.60 CNY, which represents 100% of the total profit distribution amount[139]. - The company will also increase capital reserves by issuing 8 additional shares for every 10 shares held[140]. - The company emphasizes a cash dividend policy, prioritizing cash distributions while considering the interests of minority shareholders[156]. - The company will distribute no less than 20% of the annual distributable profits in cash, with cumulative cash distributions over three years not less than 30% of the average annual distributable profits[156]. - The company’s profit distribution policy will ensure that the cumulative distributable profits are positive and that there are no major investment plans or cash expenditures exceeding 30% of the latest audited net assets[156]. Financial Management and Investment - The company has committed a total investment of CNY 35,073.89 million for various projects, with a cumulative investment of CNY 27,647.82 million, achieving 78.83% of the planned investment progress as of the end of the reporting period[76]. - The company has utilized idle raised funds to temporarily supplement working capital, amounting to CNY 45,632.86 million as of December 31, 2021[79]. - The company reported a total of 9,467.24 CNY in restricted assets, which accounts for 6.13% of total assets, primarily due to bank mortgage loans[71]. - The company has no significant asset or equity sales during the reporting period[82]. - The company has no significant investment plans or major cash expenditures at present, allowing for potential increases in cash dividend ratios[157]. Employee and Management Structure - The company had a total of 678 employees at the end of the reporting period, with 592 in the parent company and 86 in major subsidiaries[133]. - The employee composition includes 337 production personnel, 37 sales personnel, 110 technical personnel, 23 financial personnel, and 171 administrative personnel[134]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 520.59 million[124]. - The company has established a comprehensive salary management system, focusing on performance and market competitiveness[135]. - The company conducted various training programs to enhance employee skills and safety awareness, including both internal and external training[136].