大地海洋(301068) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥527,486,916.79, representing a 10.32% increase compared to ¥478,123,326.71 in 2020[18]. - The net profit attributable to shareholders decreased by 34.82% to ¥51,598,564.65 in 2021 from ¥79,166,798.84 in 2020[18]. - The net profit after deducting non-recurring gains and losses was ¥48,901,232.13, down 23.14% from ¥63,620,067.78 in the previous year[18]. - The net cash flow from operating activities surged by 290.06% to ¥76,966,554.58 in 2021, compared to ¥19,732,205.38 in 2020[18]. - Total assets increased by 24.66% to ¥1,182,211,899.09 at the end of 2021, up from ¥948,329,596.83 at the end of 2020[18]. - The net assets attributable to shareholders rose by 64.50% to ¥740,797,545.99 at the end of 2021, compared to ¥450,341,979.99 at the end of 2020[18]. - The company reported a basic earnings per share of ¥0.76, a decrease of 39.68% from ¥1.26 in 2020[18]. - The weighted average return on equity was 9.63%, down from 19.32% in the previous year, indicating a decline of 9.69%[18]. - The total revenue for 2021 was approximately ¥527.49 million, representing a year-on-year increase of 10.32% from ¥478.12 million in 2020[68]. - Revenue from hazardous waste increased by 32.48% to ¥120.77 million, while electronic waste revenue grew by 4.68% to ¥403.06 million[68]. - The gross profit margin for the hazardous waste segment was 56.70%, while the electronic waste segment had a gross profit margin of 18.84%[71]. Cash Dividend and Profit Distribution - The company plans to distribute a cash dividend of 1.20 RMB per 10 shares to all shareholders, based on a total of 84,000,000 shares[4]. - The cash dividend represents 100% of the distributable profit of RMB 116,847,458.20 for the reporting period[191]. - The profit distribution policy emphasizes a minimum cash dividend of 10% of the distributable profit for the year, with a focus on sustainable development and reasonable returns to investors[187]. - The company maintains a differentiated cash dividend policy, with a minimum cash dividend ratio of 80% for mature stages without major capital expenditures[188]. - The company actively promotes a stable profit distribution policy, aligning with its profitability and operational needs while ensuring investor returns[189]. - No bonus shares or capital reserve transfers to increase share capital are proposed for this profit distribution[192]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding future plans and development strategies, indicating potential discrepancies between forecasts and commitments[4]. - The company has a comprehensive risk management strategy outlined in the report, addressing potential operational risks[4]. - The company faced uncertainty regarding its ability to continue as a going concern, as indicated by the audit report for the last year[18]. - The company has established strict safety management and quality control systems to mitigate risks associated with hazardous waste handling[119]. - The company is addressing the risk of increased bad debt provisions related to receivables from subsidy funds, which could impact financial results[120]. - The ongoing COVID-19 pandemic poses significant operational risks, with potential adverse impacts on production, logistics, and market expansion[123]. - The company has established a comprehensive internal management and control system to effectively manage organizational, operational, and financial aspects[122]. Environmental Impact and Compliance - The company is classified as a key pollutant discharge unit by the environmental protection department[199]. - The total nitrogen discharge exceeded the limit by 0.19 tons, with a discharge concentration of 2.33 mg/L[199]. - The total biochemical oxygen demand (BOD) discharge exceeded the limit by 2.8 tons, with a discharge concentration of 175.2 mg/L[199]. - The nitrogen oxides discharge exceeded the limit by 0.11 tons, with a discharge concentration of 28.9 mg/m3[199]. - The total particulate matter discharge from the boiler exceeded the limit by 0.14 tons, with a discharge concentration of 5.4 mg/m3[200]. - The total volatile organic compounds (VOCs) discharge exceeded the limit by 2.51 tons, with a discharge concentration of 10.55 mg/m3[200]. - The company is actively monitoring and addressing its environmental impact as part of its operational strategy[199]. - The company aims to improve compliance with environmental standards in future operations[199]. Governance and Management - The company’s financial report has been confirmed for accuracy and completeness by its management team, ensuring reliability for investors[3]. - The company’s board of directors has fully participated in the review of the annual report, reflecting strong governance practices[4]. - The board of directors consists of 9 members, including 3 independent directors, and operates in accordance with legal and regulatory requirements[129]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, and operations, ensuring no conflicts of interest[137]. - The company has established an internal audit system to oversee the effectiveness of internal controls and the accuracy of financial information[136]. - The company emphasizes transparency in information disclosure, ensuring timely and accurate communication with all stakeholders[133]. - The company has a dedicated investor relations management system to facilitate communication and enhance transparency with investors[135]. Research and Development - Research and development (R&D) investment amounted to ¥23,280,319.52 in 2021, representing 4.41% of total revenue, up from 2.75% in 2020[84]. - The number of R&D personnel increased by 43.75% from 48 in 2020 to 69 in 2021, with R&D personnel now accounting for 13.69% of the total workforce[82]. - The company has focused on developing new technologies for recycling and waste management, including automated separation and sorting technologies[82]. - The company aims to enhance its market position through the development of high-efficiency recycling equipment and processes, contributing to sustainable practices in the plastic industry[82]. - The company is investing 50 million RMB in R&D for new technologies aimed at enhancing product efficiency[153]. Strategic Initiatives and Market Position - The company aims to enhance the recycling rate of waste resources, including waste mineral oil, waste electrical and electronic products, and waste plastics, under the national "14th Five-Year Plan" for circular economy development[32]. - The company is positioned to benefit from the growing domestic waste resource utilization market due to policies prohibiting the import of foreign solid waste[28]. - The company aims to become a leading service provider in the "waste-free city" initiative, focusing on the resource utilization of solid waste[66]. - The company intends to acquire Tiger Environmental, which specializes in waste resource utilization, to enter the rapidly growing market of residential waste classification and recycling[110]. - The company will cautiously consider mergers and acquisitions to enhance supplier resources, market share, and optimize the competitive landscape[112].