善水科技(301190) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 552,342,767.81, representing a 43.94% increase compared to CNY 383,744,001.43 in 2020[29]. - The net profit attributable to shareholders for 2021 was CNY 142,372,110.77, a 29.50% increase from CNY 109,937,838.32 in 2020[29]. - The net cash flow from operating activities reached CNY 101,237,512.23, marking a significant increase of 263.75% from CNY 27,831,390.63 in 2020[29]. - The total assets at the end of 2021 amounted to CNY 2,220,602,138.72, a 274.38% increase from CNY 593,140,163.45 at the end of 2020[29]. - The net assets attributable to shareholders increased by 341.37% to CNY 1,974,625,898.93 at the end of 2021, compared to CNY 447,385,387.15 at the end of 2020[29]. - The basic earnings per share for 2021 was CNY 0.8844, up 29.51% from CNY 0.6829 in 2020[29]. - The company reported a weighted average return on equity of 27.43% for 2021, slightly down from 28.02% in 2020[29]. - The fourth quarter revenue was CNY 166,662,301.34, contributing to a total annual revenue growth[31]. - The company achieved a revenue of ¥552.34 million in 2021, representing a 43.94% increase from ¥383.74 million in 2020[84]. - The net profit attributable to shareholders was ¥142.37 million, up 29.50% from ¥109.94 million in the previous year[84]. Product and Market Development - The company’s core products include dye intermediates, pesticide intermediates, and pharmaceutical intermediates, which are essential for various applications in the chemical industry[22]. - The company’s ability to adapt to technological advancements and market trends is crucial for maintaining its competitive advantage in the fine chemical sector[14]. - The company’s chlorinated pyridine series products are key intermediates for high-efficiency, low-toxicity pesticides, aligning with national environmental policies[45]. - The demand for acid dyes is expected to grow due to increased production capacity of nylon fabrics, with a 2021 production increase of 8% in nylon to 4.15 million tons[43]. - The company’s products, such as 6-nitro and oxygen intermediates, are characterized by high purity and low acidity, enhancing customer yield and reducing costs[43]. - The company is positioned to adapt to industry trends focusing on green and low-carbon development, with an emphasis on technological advancement and capacity integration[40]. - The company is actively exploring new applications for 2-chloropyridine in pharmaceuticals and daily chemicals, reflecting its adaptability to market trends[49]. - The company’s sales strategy is direct sales, with pricing influenced by product costs, market demand, and customer negotiation power[67]. - The company has formed stable partnerships with several well-known dye manufacturers, maintaining a leading market share in the dye intermediate sector[81]. Research and Development - The company has developed a core technology system through years of research and development, positioning itself at the forefront of the fine chemical industry[14]. - The company has a total of 41 R&D personnel, with 9 invention patents and 23 utility model patents, demonstrating a strong commitment to innovation[76]. - The company’s R&D expenses for the year were ¥17.99 million, reflecting an increase due to heightened investment in research and development[84]. - The company has invested 100 million RMB in R&D for new technologies aimed at improving product efficiency[156]. - The company has established a comprehensive training system for employees, including safety education and vocational qualification training[181]. Environmental and Safety Commitment - The company emphasizes its commitment to environmental protection and has implemented measures to reduce pollutant emissions, although future regulatory changes may increase environmental costs[10]. - The company has maintained a strong focus on safety production, with no major accidents reported since its establishment, but acknowledges the risks associated with handling hazardous materials[11]. - The company is committed to continuous improvement in production processes to meet increasing environmental standards and market demands[10]. - The company has established safety and environmental management systems, complying with national laws and regulations[192]. - The innovative production techniques have led to a significant reduction in raw material consumption and wastewater discharge, enhancing sustainability[78]. Governance and Management - The company strictly adheres to laws and regulations, ensuring a sound corporate governance structure and internal control systems[133]. - The board of directors consists of 9 members, with various specialized committees to support decision-making processes[134]. - The company maintains complete independence from its controlling shareholders in terms of business, personnel, assets, and finances[139]. - The company has established a comprehensive internal control system to manage risks and ensure operational efficiency[136]. - The company has a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and management team, ensuring effective decision-making and oversight[187]. Future Outlook - The company aims to become a leading provider of dyes, pesticides, and pharmaceutical intermediates in China, focusing on technological innovation and the development of new products and processes[119]. - In 2022, the company plans to continue emphasizing technological innovation, safety production, and green environmental protection, while consolidating its existing product advantages[120]. - The company will enhance its product quality and core technology, particularly in dye intermediates and pesticide/pharmaceutical intermediates, to strengthen its brand and market position[121]. - The company plans to adjust its organizational structure to improve decision-making and internal management as its business scales up[127]. - The company will consider strategic acquisitions or mergers with dye and pesticide production enterprises to enhance competitiveness and create new profit growth points[129].