JNGX(600527)2022-04-25 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥874.82 million, a decrease of 23.57% compared to ¥1,144.54 million in 2020[23]. - The net profit attributable to shareholders for 2021 was approximately ¥102.57 million, down 55.92% from ¥232.68 million in 2020[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥92.13 million, a decrease of 59.55% compared to ¥227.76 million in 2020[23]. - The net cash flow from operating activities for 2021 was approximately -¥46.53 million, a decline of 109.07% from ¥512.93 million in 2020[23]. - The company achieved a total sales revenue of 875 million RMB in 2021, with a net profit attributable to shareholders of 102.57 million RMB, and export revenue of 7.1 million USD[30]. - The basic earnings per share decreased by 55.97% to 0.059 RMB per share in 2021 compared to 0.134 RMB per share in 2020[24]. - The company’s weighted average return on equity fell to 3.96% in 2021, down 5.74 percentage points from 9.70% in 2020[24]. - The total profit for 2021 was approximately ¥114.44 million, a decrease of 57.3% from ¥267.54 million in 2020[179]. - The company reported a significant increase in financial income, reporting a net financial income of approximately ¥3.25 million in 2021 compared to a loss of ¥2.78 million in 2020[178]. Assets and Liabilities - As of the end of 2021, the total assets were approximately ¥2.53 billion, down 3.66% from ¥2.62 billion at the end of 2020[23]. - The net assets attributable to shareholders at the end of 2021 were approximately ¥2.38 billion, a decrease of 2.88% from ¥2.46 billion at the end of 2020[23]. - Total current assets decreased from CNY 1,538,441,851.23 in 2020 to CNY 1,444,834,101.20 in 2021, a decline of approximately 6.1%[173]. - Total non-current assets slightly decreased from CNY 1,084,538,022.50 in 2020 to CNY 1,082,144,699.46 in 2021, a decrease of about 0.2%[173]. - Total liabilities decreased from CNY 167.57 billion in 2020 to CNY 142.23 billion in 2021, a reduction of approximately 15.1%[174]. - The total owner's equity at the end of the reporting period is 2,386,946,359.22 CNY, an increase from 2,300,442,448.16 CNY at the beginning of the year, reflecting a growth of approximately 3.75%[194]. Research and Development - The total R&D expenditure was 34,419,457.37 yuan, accounting for 3.93% of total revenue[59]. - The company reported a 25.05% decrease in R&D expenses compared to the previous year, primarily due to reduced material costs for R&D projects[58]. - The company launched 6 new products, including ultra-fine PE/PET composite short fibers, and applied for 9 patents during the reporting period[30]. - The company holds 19 valid invention patents and 16 utility model patents, reflecting its commitment to technological innovation[42]. Market and Competition - The company faced challenges due to fluctuating raw material prices and increased market competition, particularly in the composite short fiber sector[33]. - The sales volume of composite short fibers decreased by 29.88% to 47,349 tons, with revenue declining by 40.51% primarily due to the impact of COVID-19 and increased market competition[46]. - The company is actively collaborating with strategic customers to develop new products and meet specific technical requirements[32]. - The company is focusing on developing high-performance composite short fibers to meet the increasing demand for quality and traceability in the market[84]. Governance and Compliance - The company has a robust governance structure in place, complying with relevant laws and regulations to protect the interests of all shareholders[92]. - The company has established effective performance evaluation and incentive mechanisms for its executives, linking compensation to business objectives and individual performance[93]. - The company has implemented a comprehensive investor relations management system to ensure timely and accurate information disclosure[93]. - The company has maintained compliance with legal procedures regarding its financial activities[141]. Cash Flow and Financing - Cash inflow from operating activities totaled 1,010,722,824.22 RMB, a decrease of 32.29% year-on-year due to reduced cash sales[61]. - The total cash outflow from financing activities was 175,169,034.65 RMB, an increase of 21.38% year-on-year due to higher dividend payments[61]. - The net cash flow from operating activities for 2021 was -46,533,796.58 RMB, a significant decrease from 512,929,783.56 RMB in 2020[185]. - The company reported a cash inflow of 2,793,132.73 RMB from financing activities in 2021, compared to no inflow in 2020[185]. Social Responsibility and Environmental Impact - The company donated 100,000 yuan to the Suzhou Guangcai Charity Promotion Association in August 2021, demonstrating its commitment to social responsibility[128]. - The company actively responded to energy-saving and emission-reduction policies, significantly reducing wastewater discharge and pollutant concentration[123]. - The company has prepared an emergency plan for environmental incidents and filed it with the local environmental protection department[125]. - The company has established a self-monitoring plan for environmental emissions, with quarterly third-party monitoring confirming compliance with discharge standards[126].