Company code: Hunan Sokan New Materials Co.Ltd(688157) company abbreviation: Hunan Sokan New Materials Co.Ltd(688157) Hunan Sokan New Materials Co.Ltd(688157)
Annual report for 2021
Important tips
1、 The board of directors, board of supervisors, directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and integrity of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 2、 Unprofitable and unprofitable when the company is listed □ yes √ no III. prompt of major risks
The company has elaborated various risks that the company may face in the process of operation in this report. Please refer to “IV. risk factors” in Section III “management discussion and analysis” of this report. Please pay attention to investment risks. 4、 All directors of the company attended the board meeting. 5、 Tianzhi International Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 6、 Ling Yunjian, the person in charge of the company, Zhang Yingqiang, the person in charge of accounting, and Yan Jun, the person in charge of the accounting organization (the person in charge of Accounting), declare that they guarantee the authenticity, accuracy and integrity of the financial report in the annual report. 7、 The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
The company held the 10th meeting of the second board of directors on February 25, 2022, deliberated and approved the profit distribution plan for 2021, and planned to distribute cash dividends of RMB 3.70 (including tax) to all shareholders for every 10 shares. As of December 31, 2021, the total share capital of the company is 79 Shanghai Pudong Development Bank Co.Ltd(600000) shares. Based on this calculation, the total cash dividend to be distributed is RMB 2945200000 (including tax). The profit distribution amount accounts for 30.24% of the net profit attributable to the shareholders of the listed company in the consolidated statements of 2021. No capital reserve will be converted into share capital and no bonus shares will be given this time. The profit distribution plan can only be implemented after being deliberated and approved by the 2021 annual general meeting of shareholders. 8、 Whether there are important matters such as special arrangements for corporate governance □ applicable √ not applicable IX. risk statement of forward-looking statements √ applicable □ not applicable
The company’s future planning, development strategy and other forward-looking statements involved in this report do not constitute the company’s substantive commitment to investors. Please pay attention to investment risks. 10、 Is there any non operational occupation of funds by the controlling shareholders and their related parties? No
11、 Whether there is any external guarantee in violation of the specified decision-making procedures? No 12. Whether more than half of the directors cannot guarantee the authenticity, accuracy and integrity of the annual report disclosed by the company? No 13. Others □ applicable √ not applicable
catalogue
Section 1 interpretation Section 2 company profile and main financial indicators Section III Management Discussion and Analysis Section IV corporate governance Section V environment, social responsibility and other corporate governance 83 section VI important matters Section VII changes in shares and shareholders 121 Section VIII preferred shares 127 section IX Financial Report Section 10 information about corporate bonds two hundred and sixty-six
Financial statements containing the signatures and seals of the legal representative of the company, the person in charge of accounting and the person in charge of the company’s accounting organization (Accounting Supervisor).
The catalogue of documents for future reference contains the original audit report sealed by the accounting firm and signed and sealed by the certified public accountant.
The originals of all company documents and announcements publicly disclosed on the website designated by the CSRC during the reporting period.
Section I interpretation
1、 In this report, unless the context otherwise requires, the following words have the following meanings:
Interpretation of common words
The company, the company and Matsui stock index Hunan Sokan New Materials Co.Ltd(688157)
share
Maosong technology refers to Changsha Maosong Technology Co., Ltd., which is now the shareholder of the company
Songyuan partnership refers to Changsha Songyuan enterprise management consulting partnership (limited partnership), which is now a shareholder of the company
Songmao partnership / Shandong song’an refers to Changsha Songmao asset management partnership (limited partnership), renamed Shandong song’an enterprise management partnership (limited partnership), which was dissolved and cancelled in November 2021
Songrui partnership refers to Changsha songrui enterprise management consulting partnership (limited partnership)
Hong Kong Matsui refers to Matsui new materials (Hong Kong) Co., Ltd., which is now a wholly-owned subsidiary of the company
Taiwan Matsui refers to the Taiwan Branch of Hong Kong shangmatsui new materials Co., Ltd., which is a branch established by Hong Kong Matsui in Taiwan
Dongguan gull Hashi refers to Dongguan gull Hashi chemical coating Co., Ltd., which is now a holding subsidiary of the company
Songrun new material refers to Changsha songrun New Material Co., Ltd., which is now a holding subsidiary of the company
Guangxi beichi refers to Guangxi beichi Automobile Technology Co., Ltd., which is now a holding subsidiary of the company
Xinyichen refers to Hunan xinyichen Technology Co., Ltd., which is now a holding subsidiary of the company
Huatu chemical refers to Huatu chemical (Jilin) Co., Ltd., which is now a joint-stock subsidiary of the company
Beijing Songjing Research Institute refers to Beijing Songjing Engineering Technology Research Institute Co., Ltd., which is now a wholly-owned subsidiary of the company
Hunan Songjing Research Institute refers to Hunan Songjing advanced surface treatment and functional coating research Co., Ltd., which is now a holding subsidiary of the company
Guangdong Matsui Research Institute refers to Matsui New Materials Research Institute (Guangdong) Co., Ltd., which is now a wholly-owned subsidiary of the company
EHS refers to environment, health and safety
AkzoNobel refers to AkzoNobel coating Co., Ltd
/AkzoNobel
PPG means PPG industries
Mold factory / mold factory customers refer to the upstream parts manufacturers of high-end consumer electronics brand enterprises and passenger vehicle brand enterprises
Major consumer electronics customers in North America refer to Apple Inc and its subsidiaries
North American T company refers to Tesla
Google means Google Inc and its subsidiaries
HP means Hewlett Packard development company, L.P. and its subsidiaries
Moto means Motorola, Inc and its subsidiaries
Samsung refers to SamSung group and its subsidiaries
Huawei refers to Huawei Technology Co., Ltd. and its subsidiaries
Xiaomi refers to Xiaomi group and its subsidiaries
Oppo refers to oppo Guangdong Mobile Communication Co., Ltd. and its subsidiaries
Vivo refers to vivo Mobile Communication Co., Ltd. and its subsidiaries
3glasses refers to Shenzhen Virtual Reality Technology Co., Ltd
Beats means beats by Dr DRE, American audio equipment company
Philips Royal Netherlands
Dyson refers to Dyson Technology Co., Ltd
Canon refers to Japan Canon Co., Ltd
Lenovo refers to Lenovo Group and its subsidiaries
Geely means Geely Automobile Group
GAC refers to Guangzhou Automobile Group Co.Ltd(601238)
Valeo means Valeo s A. And its subsidiaries
Weilai automobile refers to the automobile brand of Shanghai Weilai Automobile Co., Ltd
Xiaopeng automobile refers to the automobile brand of Guangzhou Chengxing Zhidong Automobile Technology Co., Ltd
Chery refers to the automobile brand of Chery Automobile Co., Ltd
IDC means International Data Corporation
Shanghai Stock Exchange
A shares refer to ordinary shares subscribed and traded in RMB listed in China
Yuan, 10000 yuan and 100 million yuan refer to RMB yuan, 10000 yuan and 100 million yuan
The reporting period refers to January December 2021
3C products refer to computer, communication and consumer electronic products.
Including but not limited to: mobile phones and related accessories, laptops and related accessories, wearable devices, smart appliances, etc
Base material refers to the base material on which coating materials such as paint and ink are coated. Such as plastics, elastomers, glass, ceramics, metals, etc
New functional coating materials refer to coatings, inks, adhesives and other coating materials with high decoration, high protection and high functionality in the field of high-end consumer goods such as high-end consumer electronics and passenger cars
The viscous liquid coated on the surface of the object by spraying can improve the decoration, anti coating finger protection and functionality of the original object surface, and form a film after curing. It is usually composed of main resin, pigment (filler), additives, solvents, etc
A viscous adhesive ink that displays patterns and characters on a substrate by printing or inkjet printing. It refers to a fluid that solidifies to form a film. It is usually composed of main resin, pigment (filler), additives, solvents, etc
Special inks for high-end consumer electronics, passenger cars and other high-end consumer products used in 3C industry refer to inks with special functions on glass panels of related products. It mainly includes: process protection ink and decorative ink
Adhesive refers to the adhesive material that binds the connector through the action of adhesion and cohesion
UV curing is a curing method that is completed in a very short time by absorbing photons of a specific wavelength, generating free radicals or cations, initiating polymerization and cross-linking reactions between monomers and oligomers under the irradiation of UV or visible light
Thermal curing method is a curing method that produces chemical cross thermal curing finger under the thermal action of heating or infrared radiation. According to different heating temperatures, it can be divided into low-temperature curing, medium temperature curing and high-temperature curing
Physical vapor deposition, PVD for short. A process that uses physical processes to realize PVD finger mass transfer and transfer atoms or molecules from the target to the surface of the substrate. Its function is to deposit some particles with special properties (such as high strength, wear resistance, heat dissipation, corrosion resistance, etc.) on the substrate with lower performance, so that the substrate has better performance
Nonconductive vacuum metallization, referred to as ncvm, nonconductive vacuum plating (also known as discontinuous vacuum plating) is a high-tech ncvm finger originated from ordinary vacuum plating, which combines traditional vacuum plating
