宁波色母(301019) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 492,341,950.92, representing a 14.62% increase compared to CNY 429,532,780.06 in 2020[17]. - The net profit attributable to shareholders for 2021 was CNY 108,880,290.20, a 4.29% increase from CNY 104,405,987.85 in the previous year[17]. - The net cash flow from operating activities surged by 238.91% to CNY 123,400,161.11, compared to CNY 36,410,407.10 in 2020[17]. - Total assets at the end of 2021 reached CNY 1,066,249,804.06, a significant increase of 135.01% from CNY 453,703,653.79 at the end of 2020[17]. - The net assets attributable to shareholders increased by 170.21% to CNY 983,326,892.06, compared to CNY 363,907,402.62 in 2020[17]. - The basic earnings per share for 2021 was CNY 1.56, a decrease of 10.34% from CNY 1.74 in 2020[17]. - The weighted average return on equity for 2021 was 16.16%, down from 33.45% in the previous year, indicating a decline of 17.29%[17]. - The company reported a significant increase in revenue for 2021, achieving a total of 1.2 billion RMB, representing a year-on-year growth of 15%[140]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 5.00 per 10 shares, totaling CNY 40,000,000.00 based on 80,000,000 shares[6]. - The cash dividend distribution plan includes a cash dividend of RMB 5.00 per 10 shares, totaling RMB 40,000,000.00, which represents 100% of the total profit distribution[152]. - The company plans to increase its share capital by 40,000,000 shares through capital reserve, resulting in a total share capital of 120,000,000 shares[155]. Market Position and Strategy - The company has a leading market share in the colored masterbatch segment, being ranked first in China[28]. - The company is focusing on high-performance, functional, and environmentally friendly products to meet the evolving demands of the downstream plastic processing industry[27]. - The company aims to continue expanding its market presence and improving management levels through talent acquisition and training[29]. - The company has established long-term stable partnerships with numerous well-known enterprises across various industries, including electronics, food and beverage, and automotive[28]. - The company is actively engaged in technology innovation and new product development to enhance its competitive advantage in the mid-to-high-end black and white masterbatch markets[29]. - The company has expanded its market presence through two production bases in East China (Ningbo, Zhejiang) and South China (Zhongshan, Guangdong), covering five major economic zones in China[93]. Research and Development - The company has invested significantly in R&D, focusing on new products and technologies to align with market demands[35]. - The company has independently developed 7 invention patents and is applying for 4 additional patents, enhancing its innovation capabilities[49]. - The company invested CNY 16,851,474.15 in R&D in 2021, representing 3.42% of its operating revenue[67]. - The company is focusing on biodegradable masterbatch development to meet environmental standards and fill gaps in high-end biodegradable products[66]. - The company has ongoing R&D projects aimed at developing specialized flame-retardant materials, which are expected to create new growth opportunities[64]. Risks and Challenges - The company faces several risks, including talent loss, new product development risks, and macroeconomic fluctuations, which could impact future performance[6]. - The company acknowledges risks from macroeconomic fluctuations and the ongoing COVID-19 pandemic, which could adversely affect demand and operational performance[97]. - The company reports that raw material costs accounted for 86.13% of its main business costs, making it vulnerable to price fluctuations[98]. Internal Control and Governance - The company has implemented a comprehensive internal control system to enhance governance and information disclosure quality[51]. - The company has established a robust internal control system to protect shareholder rights and ensure compliance with relevant laws and regulations[165]. - The company emphasizes transparency in information disclosure, ensuring timely and accurate communication through designated media[117]. - The company has a diverse board composition, including independent directors, which supports better oversight and accountability[130]. Social Responsibility and Compliance - The company strictly adhered to environmental protection laws and regulations, with no administrative penalties reported during the reporting period[163]. - The company has been recognized as an A-level taxpayer in Ningbo and a AAA-level enterprise for contract compliance by government departments and third-party evaluation agencies[168]. - The company actively participates in public welfare initiatives and environmental protection efforts, enhancing its public image[168]. - The company donated RMB 200,000 to support the education development fund project in December 2021[170]. Shareholder Commitments and Stock Management - The company is currently fulfilling its commitments regarding shareholding restrictions and stock reduction promises made during its IPO[173]. - The company is committed to stabilizing its stock price through measures such as share buybacks and increasing shareholdings by major shareholders if the stock price falls below the audited net asset value per share for 20 consecutive trading days[176]. - The company has pledged to strictly adhere to the commitments disclosed in its initial public offering prospectus, ensuring transparency and accountability[185].