Financial Performance - The company's operating revenue for 2021 was ¥226,220,138.98, a decrease of 26.44% compared to ¥307,545,934.59 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥85,669,764.77, down 39.49% from ¥141,578,557.87 in 2020[19]. - The net profit after deducting non-recurring gains and losses was ¥67,666,844.98, a decline of 48.77% from ¥132,079,625.32 in 2020[19]. - The net cash flow from operating activities increased by 23.83% to ¥143,040,801.26 in 2021, compared to ¥115,509,472.31 in 2020[19]. - The total assets at the end of 2021 reached ¥1,102,790,248.87, representing a 68.65% increase from ¥653,891,746.78 at the end of 2020[19]. - The net assets attributable to shareholders increased by 107.57% to ¥914,838,717.57 at the end of 2021, compared to ¥440,743,699.96 at the end of 2020[19]. - The basic earnings per share for 2021 was ¥1.09, a decrease of 45.50% from ¥2.00 in 2020[19]. - The weighted average return on equity for 2021 was 13.99%, down 24.41% from 38.40% in 2020[19]. - The company's total revenue for 2021 was CNY 226.22 million, a decrease of 26.44% compared to the previous year[56]. - The net profit attributable to shareholders was CNY 85.67 million, down 39.49% year-on-year[56]. Dividend Policy - The company plans to distribute a cash dividend of 2.50 RMB per 10 shares to all shareholders, based on a total of 94,253,334 shares[4]. - The total cash dividend amount represents 100% of the total distributable profit of 242,454,957.69 RMB[171]. - The profit distribution policy allows for cash, stock, or a combination of both, with a minimum cash dividend ratio of 10% of the net profit attributable to shareholders[165]. - In mature stages without significant capital expenditure, the cash dividend ratio should be at least 80% of the profit distribution[165]. - The board of directors must consider various factors, including industry characteristics and major capital expenditure plans, when proposing cash dividend policies[165]. - The supervisory board will oversee the decision-making process for profit distribution policies and ensure compliance with company regulations[168]. Risk Management - The company emphasizes the importance of risk management and outlines strategies for future development in the management discussion section[4]. - The company recognizes the risk of intensified industry competition due to increasing environmental awareness and regulatory scrutiny[105]. - The company faces risks from macroeconomic fluctuations, as its main business is influenced by the cyclical nature of industries such as chemicals and electronics, which directly affects hazardous waste generation[107]. - The company acknowledges the potential impact of the COVID-19 pandemic on its operations and is taking measures to maintain supply chain stability and customer communication[116]. - The company is addressing management risks associated with rapid expansion by optimizing organizational structures and improving internal controls[111]. Environmental and Social Responsibility - The company aims to develop a green circular economy and has been actively involved in hazardous waste treatment and resource utilization[186]. - The company has established pollution prevention facilities that operate stably, with all pollutant discharge indicators meeting standards[182]. - The company has been recognized as a key pollutant discharge unit by environmental protection authorities[182]. - The company actively participates in social responsibility initiatives, including disaster relief efforts and charitable donations[189]. - The company has implemented a comprehensive employee rights protection strategy, focusing on employee development and satisfaction[187]. Governance and Compliance - The company has established a complete governance structure, including a shareholders' meeting, board of directors, supervisory board, and management team, ensuring compliance with relevant laws and regulations[121]. - The board of directors consists of 7 members, including 3 independent directors, and operates through four specialized committees, ensuring adherence to legal and regulatory requirements[124]. - The company has a robust information disclosure management system, ensuring timely, accurate, and complete information disclosure to all investors, complying with regulatory requirements[127]. - The company has not received any administrative regulatory measures from supervisory authorities, indicating a compliant operational status[127]. - The company has established a standardized personnel and salary management system, ensuring that all employees have signed labor contracts and that management personnel do not hold positions in related enterprises[129]. Research and Development - The company has established a technical research center and collaborates with institutions like the University of Science and Technology of China for research and development[49]. - The company has obtained 48 patents and has been recognized as a green factory and a model enterprise in energy conservation and environmental protection in Anhui Province[40]. - Total research and development (R&D) investment amounted to CNY 10,448,486.38, representing 4.62% of operating revenue, an increase from 4.22% in the previous year[76]. - The number of R&D personnel decreased by 12.31% to 57, with their proportion in the workforce dropping to 14.18%[76]. - The company has developed a non-harmful treatment process for waste circuit boards, achieving a recovery rate of over 90% for copper and precious metals[71]. Market Position and Strategy - The company is positioned as a leading enterprise in hazardous waste treatment and resource utilization in Anhui Province, with a comprehensive range of disposal methods and rich experience[41]. - The company is a leading provider of hazardous waste disposal services in Anhui Province, with a strong market position in both industrial and medical waste management[44]. - The company intends to expand its market presence in the Yangtze River Delta region and develop strategic partnerships with appliance manufacturers for waste appliance dismantling[103]. - The company is committed to diversifying its business by investing in the dismantling of scrapped vehicles and lithium battery recycling[104]. - The company recognizes the need for continuous technological innovation to maintain its market position in the hazardous waste disposal sector[109].
超越科技(301049) - 2021 Q4 - 年度财报