Securities code: 002092 securities abbreviation: Xinjiang Zhongtai Chenical Co.Ltd(002092) Announcement No.: 2022-021 Xinjiang Zhongtai Chenical Co.Ltd(002092) summary of 2021 Annual Report
1、 Important tips
The summary of this annual report comes from the full text of the annual report. In order to fully understand the company's operating results, financial status and future development plan, investors should carefully read the full text of the annual report in the media designated by the CSRC.
All directors of the company personally attended the meeting of the board of directors to consider this annual report
Tips on non-standard audit opinions
□ applicable √ not applicable
The profit distribution plan of ordinary shares or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors
√ applicable □ not applicable
Whether to increase share capital with accumulation fund
□ yes √ no
The company's profit distribution plan for ordinary shares reviewed and approved by the board of directors is: take 2575739517 as the base, distribute cash dividends of 1.20 yuan (including tax) to all shareholders for every 10 shares, send bonus shares of 0 shares (including tax), and do not use the accumulation fund to increase the share capital. Profit distribution plan for preferred shares in the reporting period adopted by the board of directors
□ applicable √ not applicable
2、 Basic information of the company
1. Company profile
Stock abbreviation Xinjiang Zhongtai Chenical Co.Ltd(002092) stock code 002092
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Zhang Ling Fei Xiang
Office address: No. 39, Yangchenghu Road, Urumqi Economic and Technological Development Zone, Xinjiang
Tel: 0991-8751690
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
(1) Operation
In 2021, facing the impact of uncertain factors such as the contraction of China's economic demand, the weakening of expectations, the impact of the epidemic and the complexity of the external environment, the company seized the opportunity of the implementation of the "dual control" policy of energy consumption and the recovery of market demand in the post epidemic era, adhered to seeking progress while maintaining stability, worked hard and based on the professional operation of coal chemical industry, Give full play to the functions of "party construction guidance, marketing leadership, production coordination, fund overall planning and management coordination", continuously improve the standard operation level, strengthen internal control management, continuously promote the improvement of quality, and ensure the stable operation of safe production. The issuance of private placement shares was successfully completed, and the annual economic performance was significantly improved compared with last year.
During the reporting period, the company continued to implement cost reduction and efficiency increase and inventory optimization management, continuously improve product quality, improve product quality, implement special actions to tackle key scientific and technological problems and improve management, accelerate digital transformation, strengthen the depth of cooperation with strategic customers, deepen the joint strength with direct sales customers, consolidate sales channels, optimize customer groups, and take customer needs as the guide, Win the dividends of the upstream and downstream community of common destiny, and further improve product popularity, brand image and customer satisfaction. The company actively expanded the downstream application field of PVC, grafted high-tech new materials, obtained the qualification certification of environmental friendly paste resin, promoted the products to the industries such as automobile primer, pharmaceutical sheet and battery separator, broke through the traditional application field of caustic soda, and achieved success in aquaculture and lithium battery industry. Continuously improve the ability of scientific and technological innovation, increase the research and development of downstream fine chemical products, reduce energy and emission, and promote the development of green, high-end and low-carbon. Focusing on stabilizing production, operation and market, the viscose textile sector has continuously improved the quality and technical level of viscose yarn products, expanded the scale at the front end, improved the quality in the middle and made up for the shortcomings at the back end, customized development and cultivation of new markets, achieved practical results in the market development of high white viscose differentiated products, and improved the local conversion rate of viscose in Xinjiang. Through technical transformation and technical measures, the key links of production were improved, and new products such as antibacterial fiber, clean high whiteness fiber, black fiber and different proportion of hemp gray yarn and black yarn in the downstream were developed, which successfully broke through the history of product simplification of textile enterprises in Xinjiang. Zhongtai textile pure cotton pulp viscose fiber yarn products have completed RCS certification. (RCS recovery statement standard, fully known in English as recycled claimed standard, is the basis for providing certification for products using recycled raw materials). According to the requirements of CV alliance roadmap, complete the discharge detection and certification of zdhc (zero discharge of chemical pollutants) wastewater and sludge, and practice the company's green development. Actively participate in the revision of relevant national standards such as antibacterial viscose staple fiber and viscose fiber.
In the face of the escalation of epidemic prevention and control, the overhaul of Lanzhou Xinjiang Railway and the flood damage of Longhai line, the company launched multimodal transport, gave full play to the driving force of special trains, launched the country's first "Turpan Russia" China Europe train, opened direct trains in East and South China, further optimized the transportation network and further improved the transportation efficiency. The company gives full play to the scale advantages of leading enterprises, leads the market, constantly promotes industrial upgrading, optimizes industrial layout, and constructs a good industrial chain ecosystem. The market share of main products in China continues to expand, the direct sales rate of PVC remains stable, the local conversion rate of viscose fiber in the territory has increased, and the paste resin and viscose yarn have passed the EU certification. Focusing on brand excellence, the company continued to enhance brand value and spread the development concept of beautiful chemical industry, green chemical industry and intelligent manufacturing. It ranked first in the top 100 enterprises in China's basic chemical raw material manufacturing industry in 2021, Petrochina Company Limited(601857) eighth in the top 500 chemical listed companies, Petrochina Company Limited(601857) and 11th in the top 500 chemical enterprises (independent production and operation enterprises), It won the title of energy efficiency leader of key products in petroleum and chemical industry in 2021 (calcium carbide PVC).
(2) Main business, main products and uses
Relying on the abundant natural resources such as coal, raw salt and limestone in Xinjiang, the company has developed into an advantageous enterprise with two main businesses of Shanghai Chlor-Alkali Chemical Co.Ltd(600618) and viscose textile industry by continuously optimizing the management concept and improving the industrial ecosystem. It mainly engages in four major products: polyvinyl chloride resin (PVC), ionic membrane caustic soda, viscose fiber and viscose yarn, supporting thermoelectricity, blue charcoal, calcium carbide Calcium carbide slag cement, cotton pulp and other circular economy industrial chain. As a leading enterprise in the chlor alkali industry, the company extends the viscose and textile industries, complements the upstream and downstream, and constructs an integrated production system with lean management, product differentiation, high-end quality, green production and intelligent industry, so as to improve the overall competitiveness of the company.
In terms of Shanghai Chlor-Alkali Chemical Co.Ltd(600618) , polyvinyl chloride resin (PVC), as an important organic synthetic material, is one of the five general synthetic resins. Due to its excellent flame retardancy, wear resistance, chemical corrosion resistance, comprehensive mechanical properties, product transparency, electrical insulation and easy processing, it has become one of the most widely used plastic varieties in industry, construction, agriculture, daily life, packaging, electric power, public utilities and other fields. With the upgrading of industrial structure, the upgrading of PVC products to high-performance, lightweight and green environmental protection has been further accelerated. As a basic chemical raw material, caustic soda is widely used in light industry, textile, chemical industry, agriculture, building materials, electric power, electronics, food processing and other aspects of the national economy, and occupies an important position in the national economy.
Viscose textile, viscose fiber is the use of natural polymer cellulose as raw material, after a series of complex chemical and physical changes to make regenerated cellulose fiber. Its performance is similar to that of natural cotton fiber, but it has the characteristics of strong moisture absorption and bright dyeing, which is better than that of cotton fiber. It has good saturation ability and can be blended with various fibers in any proportion. It is used to change the organizational structure of textiles and improve the performance of textiles. The textiles made of it are used in almost all aspects of industry, agriculture, daily clothes and so on. Viscose yarn belongs to the cotton textile industry. The textile industry is mainly an industrial industry in which primary raw materials such as cotton, wool and silk are processed to form raw materials for daily necessities such as clothing. The spun yarn is used for weaving and finally making all kinds of clothes. It can also be used for knitting fabrics and making all kinds of needle cotton fabrics.
(3) Business model
The company has a complete coal thermal power Shanghai Chlor-Alkali Chemical Co.Ltd(600618) - viscose fiber viscose yarn upstream and downstream integrated circular economy industrial chain. While actively giving full play to the advantage effect of industrial coordination, the company has formed its core competitiveness in terms of resources, cost, talents, scale, safety and environmental protection, technological innovation and brand effect, so as to create differentiated product structure, high-end, intelligent Cluster, park and international Shanghai Chlor-Alkali Chemical Co.Ltd(600618) textile industry production base. Focusing on the existing industries, the company will actively explore the effective coordination of vertical integrated industrial chain and horizontal close diversified operation.
(4) Key performance drivers
During the reporting period, in the face of the slowdown of global economic recovery, the increase of uncertainties in the international environment, the gradual improvement of China's economy, the overall recovery trend, the changeable situation of bulk commodities, the continuous breakthrough of China's chlor alkali market price in the new high, complex and severe business environment, the company steadily implemented the business plan, continuously improved the level of corporate governance, and continued to improve quality and efficiency, Continuously improve technical management and production efficiency, improve R & D innovation ability, increase investment in industry, University and research, pay close attention to the market, dig deep into potential customers, strengthen customer service quality, continue to standardize procurement management, make every effort to stabilize production and ensure operation, seek progress while maintaining stability, and improve business performance. The company is located in Xinjiang, Northwest China, with rich coal, limestone and other resources. As a calcium carbide production enterprise, especially the "coal electricity calcium carbide" integrated joint production enterprise, the company has more obvious advantages in terms of cost. At the same time, the continuous rise in the market price of the company's main products has driven the growth of the company's performance. The company focuses on the main business of chlor alkali and master the core technology of chlor alkali production. Its market positioning has been widely recognized. It has a group of stable core management, R & D and skilled talents. On the basis of introducing, digesting and absorbing advanced production processes and technologies at home and abroad, the company continues to carry out independent R & D and technological transformation to meet the increasing requirements of the market. Make use of Xinjiang Zhongtai Chenical Co.Ltd(002092) industry leader and brand effect, give play to the linkage role of "supply, marketing, transportation and trade", expand the voice in chlor alkali industry and promote the sustainable and healthy development of chlor alkali industry chain.
3. Main accounting data and financial indicators
(1) Main accounting data and financial indicators in recent three years
Does the company need to retroactively adjust or restate the accounting data of previous years
√ yes □ no
Retroactive adjustment or restatement of reasons
Business combination under the same control
Unit: Yuan
2020 compared with 2019 of the previous year
Increase or decrease in 2021
Before adjustment, after adjustment, before adjustment, after adjustment.
Operating income (yuan): 62463275757.60 84197018125.02 84214670576.65 - 25.83% 83143775108.77 83115316851.95
Attributable to listed companies
The net profit of the company's shareholders is 2702674815.85 145961468.66 144531237.95 1769.96%, 382967493.30 383258654.67 yuan, which belongs to the listed company
The net profit (yuan) of the company's shareholders deducting 2649086925.82 2392099.94 22260377.04 11800.46% 347293008.70 347326256.73 non recurring profits and losses is generated from operating activities
Net cash flow of 4458028260.12 7057326236.85 7062308528.68 - 36.88% 8140024709.94 8108755163.64 yuan
Basic earnings per share 1.1623 0.0680 0.0673 1627.04% 0.1784 0.1786 (yuan / share)
Diluted earnings per share 1.1623 0.0680 0.0673 1627.04% 0.1784 0.1786 (yuan / share)
Weighted average net assets 12.41% 0.77% 0.66% 11.75% 2.0071% 1.9253% yield
End of 2020
