COSMOS(SZ:300856)2022-04-22 16:00Financial Performance - The company reported a total revenue of 1.1288 billion yuan for the year 2021, marking a year-on-year increase of 15%[6] - The net profit attributable to shareholders was 112 million yuan, representing a growth of 20% compared to the previous year[6] - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year, representing a 15% year-over-year growth[20] - The company's operating revenue for 2021 was ¥1,090,416,661.57, an increase of 8.13% compared to ¥1,008,469,364.93 in 2020[29] - The net profit attributable to shareholders for 2021 was ¥132,866,082.51, a decrease of 18.72% from ¥163,458,183.84 in 2020[29] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥114,912,962.50, down 26.33% from ¥155,988,313.97 in 2020[29] - The gross margin improved to 45%, up from 40% in the previous year, due to cost optimization strategies[20] - The company anticipates a revenue growth of 10-15% for the upcoming fiscal year, driven by increased demand for personal care products[6] Dividend and Profit Distribution - The company plans to distribute a cash dividend of 3.00 yuan per 10 shares, with a total of 112,880,000 shares as the base[6] - The cash dividend distribution represents 100% of the total profit distribution amount, indicating a strong commitment to returning value to shareholders[195] - The company's net profit for 2021 was RMB 132,866,082.51, with the parent company's net profit at RMB 10,284,801.53 and undistributed profits at RMB 105,331,388.94[195] - The profit distribution policy emphasizes a stable and continuous approach, with cash dividends not less than 10% of the distributable profits in profitable years[189] - The company prioritizes cash dividends, aiming for at least 80% of the profit distribution in mature stages without major capital expenditures[190] Market Expansion and Strategy - The company is focusing on expanding its product line, particularly in the field of UV protection agents, which are expected to drive future growth[6] - The company has initiated a market expansion strategy targeting Southeast Asia, aiming to increase its market share in the region[6] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[20] - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[6] - The company plans to enhance its core business in cosmetic active ingredients and synthetic fragrances, aiming to strengthen its competitive advantage and brand influence internationally[125] Research and Development - Research and development efforts are being intensified, with a budget allocation of 10% of total revenue for new product development in 2022[6] - Research and development investments increased by 30%, focusing on innovative chemical sunscreen formulations[20] - During the reporting period, the company expanded its R&D team and applied for 14 new patents, receiving 23 patent grants, including 6 invention patents[68] - R&D investment in 2021 amounted to ¥45,310,853.20, representing 4.16% of operating revenue, an increase from 3.85% in 2020[85] - The number of R&D personnel increased by 14.63% from 164 in 2020 to 188 in 2021, with the proportion of R&D staff rising to 18.78%[85] Operational Efficiency and Cost Management - The company has successfully integrated its subsidiary, Suqian Jieke Chemical Co., which was merged in March 2021, enhancing operational efficiency[6] - The company has maintained a stable supply capability and a rich product variety, positioning itself to recover growth ahead of competitors in the industry[48] - The average procurement price of Raw Material 3 increased by 31.22% and Raw Material 5 by 87.01% compared to the previous reporting period, primarily due to rising commodity prices and supply-demand imbalances[55] - Energy procurement prices account for over 30% of total production costs, indicating significant reliance on energy expenses[55] - The company continues to optimize production processes to reduce emissions and improve energy efficiency[67] Governance and Compliance - The company maintains a complete and independent asset structure, with no instances of asset or fund occupation by the controlling shareholder[145] - The company has established an independent financial accounting system, ensuring no mixed taxation with shareholder entities[146] - The company has implemented a comprehensive governance structure, adhering to relevant laws and regulations without significant discrepancies[141] - The internal control system has been effectively established and updated, ensuring compliance and risk management across all business processes[199] - There were no significant internal control deficiencies identified during the reporting period, indicating robust governance practices[200] Employee and Shareholder Engagement - The total number of employees at the end of the reporting period is 1,001, with 62 in the parent company and 939 in major subsidiaries[181] - The company has established a salary system that includes annual salary and monthly salary structures, with performance-based incentives for different departments[184] - The company engages with shareholders, especially minority shareholders, to gather opinions on profit distribution proposals[191] - The company has a structured approach to adjusting its profit distribution policy based on operational conditions and external environments[192] - The company actively engages with investors through various channels, enhancing communication and transparency[141]