SHRC(600392)2022-04-22 16:00Financial Performance - The company's operating revenue for 2021 was CNY 10,616,349,147.76, representing a 30.15% increase compared to CNY 8,157,251,595.28 in 2020[14]. - The net profit attributable to shareholders for 2021 was CNY 1,076,048,439.81, a significant increase of 232.82% from CNY 323,312,794.72 in 2020[14]. - The net profit after deducting non-recurring gains and losses reached CNY 1,022,088,696.10, up 1,326.07% from CNY 71,671,464.81 in 2020[14]. - The net cash flow from operating activities was CNY 964,041,001.21, an increase of 189.74% compared to CNY 332,725,932.40 in 2020[14]. - The basic earnings per share for 2021 was CNY 0.6139, a 232.74% increase from CNY 0.1845 in 2020[15]. - The weighted average return on equity for 2021 was 13.34%, up 7.40 percentage points from 5.94% in 2020[15]. - Total assets at the end of 2021 were CNY 15,147,806,685.70, a 25.12% increase from CNY 12,106,339,468.78 at the end of 2020[14]. - The net assets attributable to shareholders at the end of 2021 were CNY 9,361,844,395.92, reflecting a 23.71% increase from CNY 7,567,353,351.18 at the end of 2020[14]. - The total liabilities at the end of 2021 were CNY 5,152,442,736.90, a 25.76% increase from CNY 4,097,134,688.76 at the end of 2020[14]. Dividends and Capital Plans - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares to all shareholders, subject to approval at the shareholders' meeting[3]. - The company does not plan to increase capital through the conversion of capital reserves this year[3]. - The company has not proposed any capital reserve fund transfer to increase share capital for the current year[114]. Audit and Governance - The company has received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[2]. - The company emphasizes the importance of the accuracy and completeness of the annual report, with key management personnel confirming its integrity[2]. - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, enhancing internal control and risk management[79]. - The company has committed to improving governance and operational transparency, adhering to regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange[79]. - The company has identified issues during its self-inspection of corporate governance and has implemented corrective measures, including addressing potential competition with a major shareholder[121]. Environmental Compliance - The company is committed to environmental protection and has implemented necessary facilities to comply with national regulations, ensuring no significant pollution incidents[73]. - The company has a pollution discharge permit valid until September 4, 2023, with specific emission standards for major pollutants[124]. - The company reported a total annual emission of 22.5 tons of SO2, 33.79 tons of NOX, and 2.25 tons of particulate matter[125]. - The company has no instances of exceeding pollution discharge limits and has not received any environmental penalties[138]. - The company has implemented regular inspections and monitoring of its facilities to prevent leaks and spills[133]. Research and Development - Research and development expenses rose to CNY 378,278,311.37, an increase of 46.45% year-on-year, indicating a focus on innovation[40]. - The company invested 2,672 million RMB in establishing Sichuan Shengtong Rare Earth By-product Disposal Co., Ltd. to address waste disposal issues[30]. - The company is investing 50 million in R&D for new technologies aimed at sustainable mining practices[87]. - Research and development investments have increased by 30%, focusing on advanced material technologies[91]. Market Expansion and Strategy - The company is focusing on expanding its raw material supply channels and has deepened cooperation with partners, including renewing agreements with MP Company in the U.S.[29]. - The company is actively involved in the construction of a new rare earth smelting and separation production base in Lianyungang, Jiangsu[34]. - The company plans to achieve annual revenue exceeding 10 billion yuan in 2022, with significant profit growth compared to 2021[71]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[87]. Related Party Transactions - The company has established ongoing procurement relationships with multiple related parties, including Sichuan Rare Earth Co., Ltd. and Fujian Wensheng[175]. - The total amount of related party transactions reached ¥281,700,528.75, with the largest transaction being the purchase of goods from Guangxi Yuxiao Xijun Rare Earth Functional Materials Co., Ltd. amounting to ¥121,948,794.42, accounting for 1.408% of similar transaction amounts[177]. - The company has provided guarantees totaling ¥2,053,400,000.00, which represents 20.54% of the company's net assets[181]. Management and Personnel - The company has a total of 10 independent directors, with each receiving a pre-tax remuneration of 7.2 million yuan during the reporting period[83]. - The total number of employees in the company and its main subsidiaries is 1,631, with 1,109 in production, 49 in sales, 233 in technology, 45 in finance, and 195 in administration[110]. - The company emphasizes employee training to enhance overall quality and competitiveness, including regular internal training and external training programs[112]. Legal and Compliance - The company has not faced any delisting risk or bankruptcy reorganization issues during the reporting period[169]. - The company has not reported any changes or progress in previously disclosed asset or equity acquisitions[178]. - The company has not engaged in any cash asset management or entrusted loan activities during the reporting period[183].