Financial Performance - The company's operating revenue for 2021 was ¥833,013,848.92, representing a year-over-year increase of 22.55% compared to ¥679,726,962.61 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥88,520,742.84, a decrease of 9.43% from ¥97,742,469.12 in 2020[20]. - The net cash flow from operating activities increased by 74.10% to ¥180,777,134.66 in 2021, up from ¥103,832,805.03 in 2020[20]. - The total assets at the end of 2021 were ¥876,682,063.24, reflecting a 19.21% increase from ¥735,394,998.95 at the end of 2020[20]. - The company's net assets attributable to shareholders increased by 25.72% to ¥425,575,774.53 at the end of 2021, compared to ¥338,514,778.12 at the end of 2020[20]. - The basic earnings per share for 2021 was ¥1.09, down 9.92% from ¥1.21 in 2020[20]. - The weighted average return on equity decreased to 23.17% in 2021 from 32.90% in 2020[20]. - The gross profit margin for the fine chemical industry was 21.60%, down 7.10% from the previous year[58]. - The company's overseas sales accounted for 51.87% of total revenue, with a year-on-year growth of 19.40%[56]. - The company reported a significant increase in operating costs, with total operating costs reaching CNY 653.10 million, up 34.77% year-on-year[58]. Risk Management - The company emphasizes the importance of risk awareness regarding macroeconomic fluctuations, raw material price volatility, exchange rate changes, and safety production risks[5]. - The company’s future plans and development strategies are subject to risks and do not constitute a commitment to investors[5]. - The company is facing risks from macroeconomic fluctuations and raw material price volatility, which could impact performance[93]. - The company is exposed to exchange rate fluctuations, particularly as its main business is export-oriented and primarily denominated in USD, which could affect performance if the RMB appreciates against the USD or EUR[94]. - The company is at risk of product price declines due to market supply and demand changes, which could lead to reduced gross margins and slower growth or declines in operating performance[95]. - The company must comply with increasingly stringent environmental and safety regulations, which could raise costs and impact profitability if compliance issues arise[95]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[4]. - The company has not faced any penalties from regulatory authorities in the past three years[119]. - The board of directors held a total of 7 meetings during the reporting period, with all members present at each meeting[127]. - The company has a structured remuneration decision process based on performance evaluations and company regulations[120]. - The company has maintained a consistent attendance record at board meetings, with no absences reported[127]. - The company has proposed to hold a temporary shareholders' meeting to discuss various matters, including financial guarantees[125]. Research and Development - The company has 44 R&D personnel and has obtained 22 invention patents and 7 utility model patents, focusing on technological innovation and product diversification[49]. - The company’s major R&D projects include the development of electronic-grade dimethyl carbonate and the optimization of 1,2-hexanediol process technology, both of which are expected to enhance competitiveness[69]. - The company aims to expand its product structure and enhance market competitiveness through various new synthesis technologies and process optimizations[70]. - The company is investing 100 million RMB in R&D for new technologies aimed at improving production efficiency and sustainability[170]. Environmental Compliance - The company has implemented online monitoring systems for various pollutants, ensuring compliance with environmental standards[146]. - The company has established a biological deodorization facility to manage odor emissions effectively[147]. - The company is classified as a key pollutant discharge unit by environmental protection authorities, indicating a focus on compliance and environmental responsibility[146]. - The company has committed to continuous improvement in environmental performance through regular assessments and updates to emergency plans[152]. Market Strategy - The company is positioned in the fine chemical industry, which is a strategic focus for national development and has shown rapid growth in recent years[31]. - The company anticipates that the profitability of the fine chemical industry will remain favorable despite recent cost pressures and supply chain challenges[32]. - The company aims to enhance its core competitiveness through innovation-driven strategies and digital transformation[34]. - The company is actively expanding its domestic and international markets to increase its market share of key products[52]. Shareholder Engagement - The company held three shareholder meetings during the reporting period, with a 100% investor participation rate[106]. - The company distributed a cash dividend of 2.05 CNY per 10 shares, totaling 22,140,000 CNY for the reporting period[138]. - The total cash dividend accounted for 100% of the profit distribution amount[139]. - The company has committed to maintaining a dividend payout ratio of at least 30% of net profits for the next three years[182]. Employee Development - The company has established a comprehensive training system for employee development, including various training programs[136]. - The company emphasizes employee rights protection, ensuring compliance with labor laws and providing competitive compensation and benefits[156]. - The total number of employees at the end of the reporting period is 412, with 219 in the parent company and 193 in major subsidiaries[134]. Financial Management - The company has implemented a new leasing accounting policy effective from January 1, 2021, which is not expected to significantly impact net profit, total assets, or net assets[192]. - The company has maintained a continuous audit service with Tianjian Accounting Firm for 6 years[192]. - The company has reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[188].
联盛化学(301212) - 2021 Q4 - 年度财报