国林科技(300786) - 2021 Q4 - 年度财报

Financial 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 was 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 total profit for the period was CNY 87.36 million, a decrease of 5.35% compared to the previous year, while net profit attributable to shareholders was CNY 76.03 million, down 4.95%[44]. Research and Development - Research and development investment reached CNY 19.45 million, marking a steady increase, with the company holding 10 invention patents and 16 utility model patents by the end of the reporting period[46]. - 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 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 focused on maintaining a structured approach to share transfers to ensure stability and confidence among investors[200]. Market and Industry Position - The company is involved in the research, design, manufacturing, and service of ozone equipment, with a focus on innovation and technology upgrades[33]. - The demand for ozone generators is expected to continue growing due to increasing environmental protection standards and government support for the industry[27]. - The company has established a leading competitive position in the ozone industry but faces risks from intensified market competition as larger firms enter the market[93]. - The company has made significant advancements in technology, achieving competitive parity with international counterparts in ozone equipment, thus reducing reliance on imports[43]. Corporate Governance - The company reported a strict adherence to governance structures, complying with laws and regulations, ensuring a clear separation of powers among its governing bodies[101]. - The company ensures equal treatment of all shareholders, particularly minority shareholders, allowing them to fully exercise their rights[101]. - The company has established a complete and independent business system for research, procurement, production, and sales, ensuring no reliance on shareholders or related parties[105]. - The company has implemented a performance-based compensation mechanism for senior management to attract and retain talent[102]. Shareholder Engagement and Dividend Policy - 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 company emphasizes a cash dividend policy, prioritizing cash distribution, with a minimum of 20% of distributable profits allocated as cash dividends in the absence of major investment plans[157]. - The cash dividend distribution will be based on the company's distributable profits, which must be positive after covering losses and reserves[157]. - The company aims to ensure fair and reasonable practices in any related party transactions during the tenure of its actual controllers and senior management[158]. Social Responsibility and Environmental Compliance - The company actively fulfills its social responsibilities and adheres to environmental protection regulations[103]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[149]. - The company is committed to fulfilling its social responsibilities, including compliance with laws and regulations[151]. Future Outlook and Strategic Initiatives - The company plans to increase investment in ozone equipment manufacturing technology and application technology to meet the growing market demand[84]. - The company aims to enhance its competitive advantage by focusing on technological innovation and improving the overall manufacturing level in the acetaldehyde acid industry[84]. - The company is actively pursuing market expansion and new product development initiatives[129]. - The management is optimistic about future growth prospects, driven by increasing demand for eco-friendly technologies[115].