Henan Qingshuiyuan Technology Co.Ltd(300437)
Work report of the board of directors in 2021
In 2021, standing at the historical intersection of the "two centenary" goals and the starting line of the first year of the "14th five year plan" strategic plan, in the face of profound changes in the external environment and the new situation of economic development, all employees of the company, under the leadership of the board of directors, calmly responded to the centenary changes and the century epidemic, and actively responded to the risks and challenges in the company's operation, Based on the new development stage of the company, we will steadily take new steps in development and strive to achieve new results in sustainable and high-quality development. The past year has been a crucial and extraordinary year in the company's development process. The company insists on increasing the driving force of innovation, accelerating the speed of transformation, increasing the depth of asset revitalization, strengthening the accuracy of business integration, strengthening corporate governance based on the present and looking to the future, insisting on making progress in stability, and aiming at continuously improving the quality of listed companies, Steadily promote the sustainable development of the company.
1、 Operation of the company
During the reporting period, the management of the company earnestly implemented the annual business plan, timely adjusted the business strategy, grasped the industry opportunities, focused on the development of the company's main business, continued to promote technological innovation, strengthened market development, improved management efficiency, and actively responded to the complex situation of global economic slowdown. In 2021, the company realized an operating revenue of 1.638 billion yuan, an increase of 32.37% over the same period of last year; The operating cost was 1.278 billion yuan, an increase of 37.82% over the same period last year; The operating profit was 118 million yuan, an increase of 130.40% over the same period last year, and the net profit attributable to the shareholders of the listed company was 90 million yuan, an increase of 124.14% over the same period last year.
2、 During the reporting period, the company focused on the following aspects:
1. Carry out share repurchase and employee stock ownership plan
Based on the recognition of the company's internal value and firm confidence in the future development prospects, in order to effectively safeguard the interests of the majority of investors, guide long-term rational value investment, establish a perfect long-term incentive and restraint mechanism, fully mobilize the enthusiasm of the company's employees and promote the sustainable, stable and healthy development of the company, During the reporting period, the company used its own funds to repurchase 5 Zhejiang Jingxing Paper Joint Stock Co.Ltd(002067) shares of the company in the form of centralized bidding transaction for the implementation of the employee stock ownership plan, and completed the non transaction transfer of the employee stock ownership plan in 2021 on November 24, 2021. This will further establish and improve the benefit sharing mechanism between workers and owners, improve the level of corporate governance, improve the cohesion of employees and the competitiveness of the company, fully mobilize the sense of responsibility of employees to the company, and promote the long-term, sustainable and healthy development of the company.
2. Sale of partial equity of subsidiaries
Focusing on the strategic policy formulated at the beginning of the year, in order to further focus on the main business, improve the asset structure, optimize the allocation of resources and reduce the operating risk of the company, the company sold and transferred 50% of the equity of its subsidiary Zhongxu environment during the reporting period. This equity transfer is an important measure to further concentrate advantageous resources to develop the main business and accelerate the transformation. After the equity transfer, Zhongxu environment will no longer be included in the scope of consolidated statements, which is conducive to filling the cash flow of the company, improving the financial situation, reducing the investment and operation risk, adjusting the asset structure of the company and highlighting the main business, In line with relevant policies and regulations such as the opinions of the State Council on further improving the quality of listed companies, the company will focus on development in relatively familiar business areas.
3. Conversion of convertible corporate bonds into shares
During the reporting period, the company's "Qingshui convertible bonds (bond Code: 123028)" triggered conditional redemption terms from October 20, 2021 to November 9, 2021. The company held the 9th meeting of the 5th board of directors and the 9th meeting of the 5th board of supervisors on November 9, 2021, and considered and adopted the proposal on early redemption of "Qingshui convertible bonds", Agree to exercise the right of early redemption of "Qingshui convertible bonds", stop trading and share conversion from November 30, 2021, and complete the follow-up delisting. After the completion of the "Qingshui convertible bond" conversion, the company's liabilities have been further reduced, its own capital has been increased, and the asset liability structure is more stable, which is conducive to improving the company's anti risk ability.
4. The water treatment agent expansion project with an annual output of 180000 tons has reached the production capacity smoothly
The company's annual output of 180000 tons of water treatment agent expansion project, in accordance with the requirements of industrialization and information integration, aims at the construction of automation and intelligent chemical plant, realizes the one button production mode of production management, intelligent industrial control and intelligent equipment linkage, and strives to create a provincial intelligent factory. During the reporting period, the company's expansion project with an annual output of 180000 tons of water treatment agent successfully completed the trial production and obtained the safety production license. After the project is put into operation, it will consolidate the competitive advantage of traditional water treatment agent products and continue to explore the phosphorus free water treatment agent Market. After reaching the completion date, the product structure will be further optimized and the output will be greatly increased. The project will help consolidate the leading position of the company's organic phosphine water treatment agent in the industry. At the same time, it will also help the company further develop the market of non phosphorus water treatment agent, meet the needs of end customers for compound products and realize the company's development strategy.
5. Continue to promote the "water cloud trace" industrial Internet platform
"Water cloud trace" industrial Internet platform uses the water treatment intelligent control system of the Internet and big data platform to apply advanced sensor technology and Internet technology to the field of industrial water treatment, realize the automatic dosing, online monitoring, network transmission and remote control of industrial water treatment system, and provide customers with intelligent and customized value-added services in the whole process, In order to solve the disadvantages of traditional water treatment business, such as long detection time, low efficiency, difficult data acquisition, large error, lagging problem discovery, extensive dosing mode, serious waste and so on. During the reporting period, the company selected a number of channel providers with strong will and strength to promote the platform. At the same time, according to the needs of customers, the company developed a number of China's leading intelligent terminal equipment such as high chloride ion equipment, single parameter equipment and mini cloud trace based on the "water cloud trace" industrial Internet platform, and improved the performance of intelligent dynamic simulation device and three parameter equipment of cooling water, Improved the company's product structure, well met the needs of different customers, and effectively improved the market competitiveness of products.
3、 Daily work of the board of directors during the reporting period
1. Meetings of the board of directors
During the reporting period, the company held 8 meetings of the board of directors, and the notice, convening, discussion procedures, voting methods and resolution contents of the board of directors were operated in strict accordance with the requirements of relevant laws and regulations and the rules of procedure of the board of directors. The details are as follows:
No. meeting time meeting session deliberation content
The 5th board of directors 1. Deliberating the proposal on share repurchase scheme of the company
1. The second meeting of the 202102.07 meeting 2. Deliberation on the proposal on carrying out asset pool business
Discussion 3. Review the proposal on convening the first extraordinary general meeting of shareholders in 2021
1. Deliberating the proposal on the full text and summary of the company's 2020 Annual Report
2. Review the proposal on the president's work report of the company in 2020
3. Deliberating the proposal of the 5th board of directors on the work report of the board of directors in 2020
2. The third meeting of the board of directors on April 25, 2021 4. Deliberation on the proposal on the company's 2020 financial final account report
5. Deliberating the proposal on the company's profit distribution plan in 2020
6. Review the proposal on the company's internal control evaluation report in 2020
7. Review the proposal on the special report on the deposit and use of the company's raised funds in 2020
8. Deliberating the proposal on the completion of performance commitments for asset restructuring
9. Deliberating the proposal on the prediction of the guarantee line provided by the company for the subsidiary to apply for credit from the bank
10. Deliberating the proposal on the prediction of the guarantee line provided by Jiyuan Qingyuan Water Treatment Co., Ltd., a wholly-owned subsidiary of the company, for the company to apply for credit from the bank
11. Deliberating the proposal on applying for bank credit line in Henan Qingshuiyuan Technology Co.Ltd(300437) 2021
12. Review the proposal on the company's provision for credit impairment and asset impairment in 2020
13. Review the proposal on the remuneration or allowance standard of directors and senior executives of the company in 2021
14. Deliberating the proposal on carrying out forward foreign exchange settlement business
15. Deliberating the proposal on formulating the management system of forward foreign exchange settlement business
16. Deliberating the proposal on Amending the articles of association and its annexes 17. Deliberating the proposal on amending some management systems of the company 18. Deliberating the proposal on the full text of the company's report for the first quarter of 2021
19. Deliberating the proposal on convening the 2020 annual general meeting of shareholders of the company
The 5th session of the board of directors 1. Deliberating the proposal on selling part of the equity of the holding subsidiary and signing the right transfer agreement at the fourth meeting of the board of directors on June 11, 2021
Discussion 2. Review the proposal on convening the second extraordinary general meeting of shareholders in 2021.
The 5th board of directors 1. Review the proposal on the full text of the company's semi annual report in 2021 and the summary of the 5th meeting of the 4th board of directors on August 23, 2021
Discussion 2. Review the proposal on the special report on the deposit and use of the company's raised funds in the half year of 2021
1. Deliberating the proposal on Henan Qingshuiyuan Technology Co.Ltd(300437) 2021 employee stock ownership plan (Draft) and its summary 2. Deliberating the proposal on Henan Qingshuiyuan Technology Co.Ltd(300437) 2021 employee stock ownership plan management measures
The 5th board of directors 3. Review the proposal on submitting to the general meeting of shareholders to authorize the board of directors to handle matters related to the employee stock ownership plan in 2021 at the sixth meeting of the company's 5th board of directors on September 12, 2021
Discussion 4. Review the proposal on re employment of the company's audit institution in 2021
5. Deliberating the proposal on permanent replenishment of working capital with the surplus raised funds of raised investment projects
6. Review on the proposal to convene the third interim meeting of the company in 2021
