Securities code: 002014 securities abbreviation: Huangshan Novel Co.Ltd(002014)
Huangshan Novel Co.Ltd(002014)
Work report of the board of directors in 2021
In 2021, the board of directors of the company actively carried out various work of the board of directors in strict accordance with the company law, the securities law, the stock listing rules of Shenzhen Stock Exchange, the guidelines for self-discipline supervision of listed companies of Shenzhen Stock Exchange and other laws and regulations, as well as the articles of association and other rules and regulations. With the attitude of being responsible to the company and all shareholders, all directors are diligent and responsible, make scientific decisions, ensure the standardized operation of the company, promote the sustainable, healthy and stable development of the company, and earnestly safeguard the interests of the company and all shareholders. The main work of the board of directors in 2021 is reported as follows:
1、 Analysis of the company’s operation
2021 is the first year of the 14th five year plan. China’s economy has maintained a good growth momentum, but the structural growth is becoming more and more obvious, and the growth rate of emerging consumption is faster. However, under the cliff impact of the epidemic, the consumption desire of residents is restrained, and the recovery of growth rate is relatively slow. In addition, in response to the disturbance of abundant liquidity caused by the epidemic, production reduction in major crude oil exporting countries, demand recovery and geopolitical conflict, crude oil prices rose all the way in the first half of the year; In the second half of 2021, the implementation of the dual control policy of energy consumption further magnified the short-term imbalance between supply and demand of chemical raw materials. Due to the low market concentration of China’s downstream consumer goods industry, it is difficult for manufacturers to transfer the rise of production costs to downstream consumption links in the short term, which puts great pressure on the development of plastic packaging industry.
During the reporting period, the company carried out all work in an orderly manner around the annual business plan and objectives, and made every effort to improve the incremental market through market expansion and new business development; Optimize process control, improve quality and efficiency, and tap potential; Continuously promote the research and development of new technologies to meet the differentiated needs of the market; Strictly control risks and ensure asset safety, so as to maintain the steady development momentum of the company. In 2021, the company realized an operating revenue of 3023694600 yuan, a year-on-year increase of 10.45%; The net profit attributable to shareholders of listed companies was 315.913 million yuan, a year-on-year increase of 4.25%.
1. During the reporting period, the price of raw materials rose sharply, and the parent company’s anti risk ability was relatively strong due to the advantages of scale effect; Although the subsidiaries have made positive breakthroughs in market development, their profitability has been impacted to varying degrees, and their profitability performance is uneven. Among them, Huangshan packaging achieved an operating revenue of 828203000 yuan, a year-on-year increase of 10.14%; The net profit was 81.2535 million yuan, a year-on-year increase of 33.58%; Huangshan Xinli achieved an operating income of 258.8968 million yuan, a year-on-year increase of 15.07%; The net profit was 25.961 million yuan, a year-on-year increase of 11.54%; Guangzhou Yongxin achieved an operating income of 318151200 yuan, a year-on-year increase of 9.20%; The net profit was 15.309 million yuan, a year-on-year decrease of 11.65%; Hebei Yongxin achieved an operating income of 254.6729 million yuan, a year-on-year decrease of 1.83%; The net profit was 10.4867 million yuan, a year-on-year decrease of 43.76%.
2. Adjust the product structure and actively expand new markets and businesses. Form a number of new cooperative customers or potential target markets. The application of cheese packaging has been successfully expanded, the customer cooperation of e-commerce platform has continued, the special film business has continued to grow, the flexographic printing market has released positive signals, and the international trade continues to break through the business covering flexible packaging, film materials, ink and other businesses, opening up space for market adjustment and business growth in the future.
3. Optimize process control and steadily improve quality and efficiency. We will continue to promote pre production design, optimize manufacturing costs and maximize equipment utilization, and steadily improve production efficiency. Introduce and develop digital management tools, and carry out excellent performance management in depth. Continuously improve the quality culture and optimize the quality control system. During the reporting period, the company won the nomination award of the fifth “quality award of Anhui Provincial People’s government”.
4. Strengthen technological innovation and enhance the development support of the company. Carry out technical research and development around industrial upgrading, new product development and comprehensive utilization of resources, accelerate the transformation of innovation achievements, and realize product quality improvement and new product market expansion. During the reporting period, the company has 27 utility model patents and 9 invention patents authorized, and applied for 20 invention patents and 31 utility model patents.
5. Actively plan industrial layout and increase investment in film industry. Scientific and rational organization and implementation, and steady progress has been made in new projects. During the reporting period, Guangzhou Yongxin color printing composite flexible packaging material project with an annual output of 4000 tons was completed and put into operation; Huangshan packaging has an annual output of 4000 tons of flexographic printing solvent-free composite flexible packaging materials, the construction of new multi-functional film project has been completed, and some production lines have been installed and debugged in the factory; Yongxin new material new BOPE film project with an annual output of 33000 tons has completed the main works of plant and office building. It is expected that the equipment will be installed and debugged in the plant in the middle of 2022.
2、 Daily work of the board of directors in 2021
(I) convening of the board meeting
In 2021, the board of directors of the company held five meetings in total. The convening and voting procedures of the meetings were in line with the provisions of the company law, the articles of association and other laws, regulations and normative documents. All directors attended each meeting in person and carefully considered all the proposals submitted to the board of directors. The details are as follows:
Time of convening meeting and matters to be considered at the session
number
1. General manager’s work report of the company in 2020
2. Work report of the board of directors in 2020
3. The company’s 2020 financial statement report
4. Plan for profit distribution in 2020
The 7th board of directors
1 2021-2-7 5. Evaluation report on internal control of the company in 2020
Eighth meeting
6. Proposal on the remuneration of directors and senior managers in 2020 7. Proposal on changing accounting policies
8. 2020 annual report of the company and its summary
And 17 other proposals
The 1st report of the 7th board of directors and the first quarter report of the company in 2021 and its summary
2 2021-4-19
9th meeting 2. Proposal on adjusting the repurchase price of restricted shares
1. The company’s 2021 semi annual report and its summary
The 7th board of directors
3 2021-7-29 2. Ten meetings on the construction of organic waste gas (VOCs) treatment, recovery and comprehensive utilization
Proposal of phase II technical transformation project
1. Proposal on the fulfillment of unlocking conditions in the first unlocking period of the company’s phase I employee stock ownership plan
The 7th board of directors
4 September 15, 2021 2. The 11th meeting on the first lifting of the company’s restricted stock incentive plan in 2020
Proposal on the fulfillment of the conditions for lifting the restrictions during the sales restriction period
3. Proposal on providing guarantee for wholly-owned subsidiaries
The 7th board of directors
5-10-21 third quarter report of the company in 2021
Twelfth Meeting
(II) convening of the general meeting of shareholders
In 2021, the company held one general meeting of shareholders, all of which were convened by the board of directors. The board of directors organized the general meeting of shareholders in a standardized manner, earnestly implemented various resolutions of the general meeting of shareholders, promoted the smooth implementation of various proposals adopted by the general meeting of shareholders, ensured the majority of shareholders’ right to know, participate and vote on major matters of the company, and effectively safeguarded and protected the interests of all shareholders.
The details are as follows:
Time of convening meeting and matters to be considered at the session
1. Work report of the board of directors in 2020
2. Work report of the board of supervisors in 2020
3. The company’s 2020 financial statement report
2021-3-2 annual general meeting of shareholders 4. Plan on profit distribution in 2020
5. Proposal on the remuneration of directors and supervisors in 2020
6. 2020 annual report of the company and its summary
And other 11 proposals
(III) operation of committees under the board of directors
1. Audit Committee
During the reporting period, the audit committee of the company earnestly performed its duties of supervision and inspection. Reviewed the company’s financial reports, internal control, the work of internal and external audit institutions, related party transactions and external guarantees, and effectively supervised the company’s financial audit.
2. Nomination, remuneration and assessment committee
During the reporting period, the nomination, remuneration and assessment committee performed its duties with diligence, reviewed the performance of directors (non independent directors) and managers of the company, conducted annual performance evaluation, tracked and evaluated the completion of equity incentive plan and employee stock ownership plan, and recommended candidates for independent directors through qualification examination.
3. Strategy and Investment Committee
During the reporting period, the company’s strategy and investment decision-making committee studied and put forward opinions or suggestions on matters related to the company’s strategic development and major investment in combination with the industry development trend and the actual situation of the company’s development.
(IV) performance of independent directors
During the reporting period, the independent directors of the company diligently performed their duties in strict accordance with the provisions and requirements of the company law, the securities law, the stock listing rules of Shenzhen Stock Exchange, the guiding opinions on the establishment of independent director system in listed companies and other relevant laws, regulations and rules. During the reporting period, all independent directors strictly considered various proposals and made independent, objective and impartial judgments, and prudently expressed independent opinions on major matters such as the company’s profit distribution, related party transactions, external guarantees, continued appointment of audit institutions, internal control evaluation reports and so on in accordance with relevant regulations, which played a positive role in the sound development of the company, Effectively safeguard the interests of the company and investors.
3、 Overview of industry development
1. Industry competition pattern
Plastic packaging products are widely used, including food, medicine, electronic information manufacturing, daily chemical products and other industries. As a supporting industry, plastic packaging has strong regional distribution. Industrial clusters have been formed in the Pearl River Delta, Yangtze River Delta and Bohai rim. The layout in these regions has certain advantages of industrial clusters and can form industrial synergy.
There are many enterprises in the industry, mainly small and medium-sized enterprises, and the industry concentration is low. With increasingly stringent environmental protection laws and regulations and increasingly fierce industrial competition, small and medium-sized enterprises are facing the risk of being eliminated, while large enterprises are expected to continue to improve their R & D and innovation level, production and processing level and production management level, and reduce unit production costs by extending upstream and downstream of the industrial chain and taking advantage of scale advantages, And then disperse business risks and reduce the impact of raw material price fluctuations on business conditions and profit space.
2. Industry development trend
In January 2020, the state issued the opinions on further strengthening plastic pollution control, which clearly put forward the “timetable” for further strengthening plastic pollution control: take the lead in banning the production, sale and use of some plastic products in some regions and fields in 2020; In 2022, the consumption of disposable plastic products will be significantly reduced, and alternative products will be promoted. In the guiding opinions on the 14th five year plan for the development of plastic processing industry issued by China Plastics Processing Industry Association, the green development goal was put forward, indicating that it is necessary to promote the application of energy conservation and emission reduction and cleaner production technology, promote the utilization of new energy, adopt new environmental protection materials, new processes and technologies to reduce energy consumption, and reduce energy consumption per unit of industrial added value in key industries The material consumption and pollutant emission have reached the world’s advanced level, laying a good foundation for the early realization of the carbon peak and carbon neutralization goals. We will vigorously develop and promote recyclable, recyclable and degradable alternative products and technologies to achieve economic growth
