泰和科技(300801) - 2021 Q4 - 年度财报

Financial Performance - The company reported a profit distribution plan of 4.00 RMB per 10 shares (including tax) for a total of 216,000,000 shares[5]. - The company's operating revenue for 2021 was ¥2,209,112,905.06, representing a 44.49% increase compared to ¥1,528,889,650.71 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥278,478,638.37, a 42.67% increase from ¥195,192,454.89 in 2020[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥265,741,711.52, up 48.29% from ¥179,209,518.99 in 2020[19]. - The total revenue for 2021 was CNY 2,694,613,590, representing a 12.46% decrease compared to the previous year[75]. - The gross profit margin for 2021 was reported at 30%, showing an improvement from the previous year's margin of 25%[104]. - The company reported a total revenue of 1.5 billion RMB for the year 2021, representing a year-on-year growth of 15%[109]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year increase of 15%[177]. - The company reported a total revenue of 458.3 million yuan for the year 2021, reflecting a significant increase compared to the previous year[104]. Risk Management - The company emphasizes the importance of risk awareness regarding future development strategies and operational plans[5]. - The company has outlined potential risk factors and countermeasures in the management discussion and analysis section of the report[5]. - The company faces risks related to raw material price fluctuations, which could significantly impact its gross profit margins[140]. - The company is committed to strategic procurement and strengthening partnerships with quality suppliers to mitigate raw material price risks[141]. - The company is closely monitoring the international trade environment and potential trade barriers that may arise due to rising protectionism, which could adversely affect export operations[143]. - The company acknowledges the risk of product substitution due to technological advancements in water treatment methods and is focusing on exploring new fields to prevent market shrinkage[148]. - The ongoing COVID-19 pandemic has not significantly impacted the company's operations, but uncertainties remain regarding its future effects on the global economy and supply chains[149]. - The company is aware of geopolitical risks, such as the Russia-Ukraine conflict, which may lead to fluctuations in overseas market demand[150]. Research and Development - The company has established multiple high-level innovation platforms, including a national-level enterprise technology center, to bolster its R&D capabilities[44]. - The company has developed several patented technologies to enhance production efficiency and reduce energy consumption[50]. - The company is focusing on continuous production processes to improve product quality and operational safety[50]. - The company has successfully industrialized the production of new products such as PBTCA and nitrogen-containing organic phosphonates, improving product quality and achieving essential safety[86]. - The company aims to expand its product range and application fields through the development of new products, including bio-based PESA and high-efficiency anti-scaling agents[87]. - The company has achieved a production yield greater than 98% for the urea-based dimethyl carbonate synthesis process, which is expected to help enter a new market[89]. - The company is exploring the comprehensive utilization of by-product sodium chloride, with small-scale tests completed and potential for low-cost industrialization[90]. - The company has a strong focus on R&D, with ongoing projects aimed at enhancing water treatment technologies[164]. Production Capacity and Operations - The company has a production capacity of 332,000 tons/year as of December 31, 2021, with a diverse product line including scale inhibitors, corrosion inhibitors, and biocides[45]. - The company has invested in advanced analytical and testing instruments, including a 400 MHz superconducting nuclear magnetic resonance spectrometer, to enhance product development and quality control[45]. - The company has established a comprehensive quality management system certified to GB/T 19001-2016/ISO 9001:2015 standards, ensuring high product quality throughout the production process[62]. - The company has initiated a strategic investment in the water treatment agent industry chain expansion project, with a total investment of 4,127.00 million yuan planned[116]. - The company is expanding its production capacity with a new project for high-end cathode materials, targeting an annual output of 10,000 tons of lithium iron phosphate[118]. Market Expansion and Strategy - The company is actively expanding into new application areas for its products, enhancing its market position and customer recognition[44]. - The company has established a joint venture in September 2021 with Shandong Guosheng Battery Technology Co., Ltd. to enter the new energy sector, focusing on battery PACK business[65]. - The company plans to expand its market presence by entering two new provinces in 2022, aiming for a 15% increase in regional sales[104]. - The company is exploring potential acquisitions to strengthen its position in the renewable energy sector, with a focus on innovative technologies[104]. - The company is committed to sustainability, with plans to reduce operational carbon emissions by 25% over the next five years[104]. - The company is focused on expanding its market presence through strategic partnerships and potential acquisitions[184]. Corporate Governance - The company ensures equal treatment of all shareholders, particularly minority shareholders, in decision-making processes[156]. - The governance structure of the company complies with relevant laws and regulations, ensuring no significant discrepancies exist[157]. - The company has maintained a stable governance structure, with no significant changes in the board of directors recently[164]. - The company has appointed new independent directors to strengthen its governance structure and enhance transparency[177]. - The company is committed to maintaining shareholder interests, particularly for minority shareholders, through diligent governance practices[184]. Employee Management - The total number of employees at the end of the reporting period was 653, with 589 from the parent company and 64 from major subsidiaries[190]. - The company has a diverse professional composition, with 378 production personnel, 106 technical personnel, and 53 sales personnel[190]. - The company has a training program aimed at enhancing employee skills and safety awareness, including both internal and external training sessions[193]. - The company has implemented a compensation mechanism linking salaries to company and individual performance to attract and retain talent[156]. Environmental and Safety Compliance - The company emphasizes the importance of safety in production, given the hazardous nature of the chemicals used, and has implemented measures to reduce the risk of accidents[144]. - The company has received environmental approval for the water treatment agent industry chain expansion project on June 9, 2021[51]. - The company is committed to achieving green production and optimizing resource utilization through various R&D projects[86]. Financial Management - The company raised a total of RMB 912.6 million through a public offering in 2019, with a net amount of RMB 843.72 million after deducting fees[122]. - The company has a total of RMB 44.17 million in unutilized raised funds, with no funds idled for over two years[122]. - The company has implemented a stock incentive plan, with the first grant date set for May 17, 2021, at a price of RMB 12.44 per share for 4.2 million shares[200].