BATIAN(002170)2022-04-28 16:00Financial Performance - The company's operating revenue for 2021 was ¥2,485,265,238.16, representing a 16.87% increase compared to ¥2,126,520,028.23 in 2020[19] - The net profit attributable to shareholders was ¥80,785,717.26, up 4.40% from ¥77,384,508.62 in the previous year[19] - The net profit after deducting non-recurring gains and losses was ¥73,792,804.18, an increase of 8.87% from ¥67,780,526.59 in 2020[19] - Basic earnings per share rose to ¥0.0911, a 4.35% increase from ¥0.0873 in the previous year[19] - The gross profit margin decreased to 15.89% from 19.28% in the previous year, reflecting a decline of 3.39%[69] - The company reported a significant increase in raw material costs, with energy procurement prices accounting for over 30% of total production costs[50] - The total operating costs increased by 21.78% to ¥2,090,409,633, impacting the overall profitability[76] - The company reported a net cash outflow from investment activities of ¥139,199,448.47, a significant increase from the previous year's outflow of ¥1,919,164.79[88] Cash Flow and Dividends - The net cash flow from operating activities decreased by 72.29% to ¥101,449,881.00 from ¥366,154,824.64 in 2020[19] - The company plans to distribute a cash dividend of ¥0.10 per 10 shares, based on a total of 886,862,627 shares[4] - The cash dividend per 10 shares is CNY 0.10, with a total of 886,862,627 shares as the basis for distribution[164] - The company reported a net profit for the period, with a distributable profit of CNY 568,270,641.89 and a cash dividend distribution of CNY 8,868,626.27, representing 100% of the profit distribution total[164] Assets and Liabilities - Total assets at the end of 2021 were ¥3,382,540,298.05, a decrease of 3.26% from ¥3,496,450,642.48 at the end of 2020[19] - The company's cash and cash equivalents decreased by 169.74% to a net decrease of ¥30,436,854.86 in 2021[88] - Short-term borrowings rose significantly by 5.24% to ¥359,300,000.00, attributed to increased short-term financing needs[91] Research and Development - Research and development expenses increased by 31.35% to ¥31,918,105.68, reflecting the company's commitment to innovation[82] - The company has applied for a total of 1,088 patents, including 728 invention patents and 317 utility model patents, with 458 patents authorized as of December 31, 2021[59] - The company is committed to continuous innovation and has a robust R&D system, with a high number of patent applications and authorizations in the industry[34] - The company is focusing on research and development of new products linked to market performance and sales[155] Market Position and Strategy - The company is positioned in the compound fertilizer industry, which is experiencing a shift from quantity to quality, with increasing competition in low-end fertilizer markets[31] - The company is a leading manufacturer of compound fertilizers in China, with a strong market position in technology, brand, and market share[34] - The company aims to expand its market presence and enhance its product offerings in the upcoming year[130] - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[140] Environmental Sustainability - The company is focused on environmental protection as a core development principle, particularly in its Guizhou base[55] - The company is committed to improving its environmental performance and compliance with pollution discharge standards[175] - The company has established a comprehensive environmental management system to ensure compliance with environmental regulations across its operations[184] - The company’s commitment to environmental sustainability is reflected in its operational practices, with a goal to reduce carbon emissions by 15% over the next three years[200] Governance and Compliance - The company is committed to enhancing its governance structure, ensuring compliance with relevant laws and regulations, and protecting the rights of all shareholders[120] - The company has established a robust internal management and control system to improve operational efficiency and governance standards[120] - The company has improved the transparency of internal controls and the quality of information disclosure year by year, adapting to regulatory requirements[122] - The company has established a governance mechanism with independent directors and a supervisory board to oversee management effectively[167] Social Responsibility - The company has committed to social responsibility initiatives, including a 125,000 yuan investment in educational support for 25 underprivileged students, totaling over 7.7 million yuan for 1,455 students since the program's inception[192] - The company emphasizes the importance of fertilizers in food security and environmental sustainability, positioning itself as a leader in eco-friendly agricultural solutions[191] - The company has actively participated in disaster relief efforts, donating 100,000 packaging bags and approximately 500,000 yuan in aid for flood recovery in Henan[192] Operational Efficiency - The company is focused on enhancing its operational efficiency through strategic partnerships and collaborations[134] - The company has implemented new strategies to improve operational efficiency, aiming for a 10% reduction in costs by optimizing supply chain management[200] - The company aims to enhance the intrinsic value of fertilizer products by over 20% through the creation of a health agriculture service platform and data analysis model[106] Employee Engagement and Development - The company aims to enhance its employee satisfaction and engagement through various cultural and recreational activities, averaging 2 events per month[155] - The company has established a multi-channel career development path for employees to maximize their advantages and output[155] - The company implemented a combined short-term and long-term incentive compensation policy in 2021 to retain key employees[155]