Financial Performance - The company achieved a total revenue of 639.62 million yuan in 2021, representing a year-on-year growth of 69.66%[83]. - The net profit attributable to shareholders reached 123.70 million yuan, an increase of 66.76% compared to the previous year[83]. - The company's operating revenue for 2021 was RMB 639,623,765.21, representing a 69.66% increase compared to RMB 377,008,501.40 in 2020[20]. - The net profit attributable to shareholders for 2021 was RMB 123,695,380.69, a 66.76% increase from RMB 74,174,387.49 in 2020[20]. - The net cash flow from operating activities was RMB 83,800,048.09, reflecting a 66.08% increase from RMB 50,458,987.19 in 2020[20]. - The total assets at the end of 2021 amounted to RMB 662,013,939.69, a 24.08% increase from RMB 533,552,984.39 at the end of 2020[21]. - The net assets attributable to shareholders increased by 35.47% to RMB 472,390,521.68 from RMB 348,695,140.99 in 2020[21]. - The basic earnings per share for 2021 was RMB 2.06, a 66.13% increase from RMB 1.24 in 2020[20]. - The weighted average return on equity for 2021 was 30.13%, up from 23.80% in 2020[20]. - The gross profit margin for the polyester film business was 31.90%, a decrease of 1.65% from the previous year[90]. Dividend Distribution - The company plans to distribute a cash dividend of 7.00 CNY per 10 shares (including tax) based on a total share capital of 80 million shares[5]. - The company reported a cash dividend of 56,000,000 CNY, which is 19.13% of the total distributable profit of 292,738,104.99 CNY[176]. - The company plans to distribute a cash dividend of ¥7 per 10 shares, totaling ¥56 million, subject to shareholder approval[179]. Market Strategy and Product Development - The company has a comprehensive strategy for market expansion and product development, focusing on polyester films and related technologies[12]. - The company is actively involved in research and development of new products, particularly in the polyester film sector[12]. - The company aims to enhance its production efficiency and reduce energy consumption through integrated manufacturing processes for multifunctional films[42]. - The company is focusing on developing differentiated products to meet the growing demand for functional polyester films in various applications[37]. - The company plans to expand its product line to include optical film base materials, enhancing its functional film product series[75]. - The company aims to improve the proportion of high-tech, high-value-added products in its sales mix by strengthening its marketing team and enhancing sales management[115]. Governance and Compliance - The company has established a solid governance structure with all board members present for the report's approval[5]. - The company is committed to maintaining the accuracy and completeness of its financial reports, as stated by its management[4]. - The company has established a comprehensive internal control system to effectively mitigate operational risks and ensure compliance with regulations[180]. - The company strictly complies with information disclosure regulations, providing accurate and timely information to stakeholders[136]. - The board of directors operates with strict adherence to legal and regulatory requirements, ensuring transparency and accountability in decision-making[132]. Research and Development - The company has a strong R&D capability, collaborating with universities to enhance its product innovation and development[75]. - The company has obtained dozens of patents, showcasing its strong product research and development capabilities[45]. - The company has implemented a comprehensive R&D management system to ensure efficient and stable technological development, allowing for proactive technology reserves[69]. - The company's R&D investment in 2021 amounted to ¥23,455,575.55, representing 3.67% of operating revenue, a decrease from 4.08% in 2020[99]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[5]. - The company has outlined its approach to addressing potential risks and challenges in the market[5]. - The company recognizes that raw material costs account for over 50% of its main business costs, making it vulnerable to price fluctuations in polyester chips, which are influenced by crude oil prices[119]. - The company faces risks from intensified market competition, particularly from foreign manufacturers with technological advantages in the high-end sector of the polyester film industry[120]. Customer and Supplier Relations - The company has established good cooperative relationships with downstream customers, leading to widespread recognition of its products both domestically and internationally[38]. - The company has established a rigorous supplier management system, assessing suppliers based on product quality, delivery cycles, credit qualifications, and service performance, ensuring a stable long-term partnership with quality suppliers[65]. - The company primarily sells domestically, with exports to countries like South Korea and Vietnam, and has dedicated teams for domestic and international market development[68]. Employee and Management - The total number of employees at the end of the reporting period was 361, with 78 in the parent company and 283 in major subsidiaries[171]. - The company has established a competitive salary structure aiming to position overall salary levels at the 50th percentile of the market[173]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 7.1495 million[160]. - The company has a performance evaluation system in place to support employee development and growth[193]. Environmental Responsibility - The company has focused on environmental protection measures, achieving no incidents of environmental pollution[195]. - The company has implemented measures to reduce carbon emissions, including wastewater treatment and noise reduction strategies[187][188]. - The company has not faced any environmental penalties and does not fall under the category of key pollutant discharge units[186].
和顺科技(301237) - 2021 Q4 - 年度财报