Company code: Ningxia Baofeng Energy Group Co.Ltd(600989) company abbreviation: Ningxia Baofeng Energy Group Co.Ltd(600989) Ningxia Baofeng Energy Group Co.Ltd(600989)
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、 All directors of the company attended the board meeting. 3、 Ernst & Young Huaming Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 4、 Liu Yuanguan, the person in charge of the company, Gao Yu, the person in charge of accounting, and Wang Dongxu, the person in charge of the accounting organization (Accounting Supervisor), declare that they guarantee the authenticity, accuracy and completeness of the financial report in the annual report. 5、 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 annual profit distribution plan of the company in 2021 is: Based on the total number of 7313816494 shares after deducting the shares repurchased by the company from the total share capital of the company, the company plans to distribute cash dividends of 2047678237 yuan, including cash dividends of 0.3210 yuan (including tax) per share for shares with unlimited sales conditions and 0.2648 yuan (including tax) per share for shares with limited sales conditions.
Since the company donated RMB 30000000000 in cash to Ningxia Yanbao Charity Foundation in 2021 for public welfare charities dominated by donations to students, in order to safeguard the interests of non selling shareholders, the company calculated the contribution shared by non selling shareholders according to the shareholding ratio of non selling shareholders, and the limited selling shareholders compensated in full with their cash dividends. 6、 Risk statement of forward-looking statements √ applicable □ not applicable
This annual report involves forward-looking descriptions such as future plans and development strategies. Due to uncertainties, it does not constitute the company’s substantive commitment to investors. Investors are reminded to pay attention to investment risks. 7、 Whether there is any non operational occupation of funds by the controlling shareholders and their related parties? VIII. Whether there is any external guarantee in violation of the specified decision-making procedures? IX. whether more than half of the directors cannot guarantee the authenticity, accuracy and integrity of the annual report disclosed by the company? X. major risk tips
For the main risks faced by the company, see the description of “possible risks” in “section VI discussion and Analysis on the future development of the company”. 11、 Others □ applicable √ not applicable
catalogue
Section 1 interpretation three
Section II Company Profile and main financial indicators Section III Management Discussion and Analysis Section 4 corporate governance 38 Section V environmental and social responsibility 55 section VI important matters 59 Section VII changes in shares and shareholders 79 Section VIII preferred shares 86 section IX relevant information of bonds 87 section x financial reporting ninety-one
Financial and accounting statements containing the signatures and seals of the legal representative, the person in charge of accounting and the person in charge of accounting
The list of documents for future reference contains the text of the annual report signed by the chairman
The originals of all documents and announcements of the company publicly disclosed on the media designated by the CSRC during the reporting period
Section I interpretation
1、 Interpretation in this report, unless the context otherwise requires, the following words have the following meanings: Interpretation of common words
The company, the company and Ningxia Baofeng Energy Group Co.Ltd(600989) refer to Ningxia Baofeng Energy Group Co.Ltd(600989)
Group and the group refer to Ningxia Baofeng Energy Group Co.Ltd(600989) and its subsidiaries
Baofeng group and controlling shareholder refer to Ningxia Baofeng Group Co., Ltd
Yidong International Group Co., Ltd
Dongyi environmental protection refers to Ningxia Dongyi Environmental Protection Technology Co., Ltd
Fengda chemical refers to Ningxia Fengda Fine Chemical Co., Ltd
Baofeng commercial service refers to Ningxia Ningxia Baofeng Energy Group Co.Ltd(600989) Business Service Co., Ltd
Hongsi coal industry refers to Ningxia Baofeng group HONGSI Coal Industry Co., Ltd
Baofeng coal coking refers to Ningxia Ningxia Baofeng Energy Group Co.Ltd(600989) Group Coal Coking Co., Ltd
Olefin plant 2 refers to Ningxia Ningxia Baofeng Energy Group Co.Ltd(600989) group olefin plant 2 Co., Ltd
Baofeng coal based new material refers to Inner Mongolia Baofeng coal based new material Co., Ltd
Siguquan coal industry refers to Ningxia Yanchi siguquan Coal Industry Co., Ltd
Siguquan coal mine refers to Ningxia Baofeng Energy Group Co.Ltd(600989) siguquan coal mine
Maliantai coal mine refers to Ningxia Baofeng Energy Group Co.Ltd(600989) Maliantai coal mine
Dingjialiang coal mine refers to Ningxia Baofeng Energy Group Co.Ltd(600989) dingjialiang coal mine
Tianshuihe mine field refers to Ningxia Baofeng Energy Group Co.Ltd(600989) tianshuihe mine field, which is proposed to be merged into dingjialiang coal mine for combined development
Fengteng plastic industry refers to Ningxia fengteng Plastic Industry Co., Ltd
Ningdong gas station refers to Ningdong gas station Co., Ltd. of Ningxia Ningxia Baofeng Energy Group Co.Ltd(600989) group
Qitai agricultural technology refers to Ningxia Qitai Agricultural Technology Co., Ltd
Huifengxiang photovoltaic refers to Ningxia huifengxiang distributed photovoltaic power generation Co., Ltd
Baoli new energy refers to Ningxia Baoli new energy Co., Ltd
Baoting new energy refers to Ningxia Baoting new energy Co., Ltd
Huifengxiang operation refers to Ningxia huifengxiang Operation Management Co., Ltd
It refers to the industry that uses coal as raw material and adopts advanced technology and processing means to produce modern coal chemical products and clean fuels instead of petrochemical products (the source is the layout plan for innovative development of modern coal chemical industry formulated by the national development and Reform Commission and the Ministry of industry and information technology)
Coking coal refers to bituminous coal with high coal metamorphism and good coking in the national coal classification standard
1 / 3 coking coal refers to the appellation of bituminous coal between coking coal and gas coal in the national coal classification standard
In the national coal classification standard, it refers to bituminous coal and fat coal with medium coal metamorphism and strong cohesiveness. It is a kind of coking coal and an important part of coking coal blending. It has the strongest coking property, good melting property, large coking expansion and wear resistance
Gas coal refers to the title of bituminous coal with low coalification and metamorphism in the national coal classification standard
Gas fat coal is a kind of strong cohesive fat coal with high hair distribution and colloidal layer, and its coking performance is between fat coal and gas coal
Olefins refer to hydrocarbons containing C = C bond (carbon carbon double bond) (olefin bond), which are unsaturated
And hydrocarbons, divided into alkenes and cycloalkenes
Coal to olefin, also known as coal based methanol to olefin, refers to the technology of synthesizing methanol from coal and then producing olefins such as ethylene and propylene from methanol
Low carbon olefins refer to olefins with fewer carbon atoms in the molecule. The most representative low-carbon olefins are ethylene and propylene
Polyolefin refers to polyethylene and polypropylene
A thermoplastic resin made by polymerization of ethylene.
Polyethylene is odorless and non-toxic. Its fingers feel like wax. It has excellent low temperature resistance, good chemical stability and can resist the erosion of most acids and bases
Polypropylene refers to a thermoplastic resin made by polymerization of propylene
Olefin products refer to polyethylene, polypropylene and olefin by-products
Pure benzene refers to pure benzene, also known as Sabbath oil and pure benzene. It is a colorless, transparent and volatile liquid with aromatic smell under normal temperature and pressure
The Chinese name is methyl tert butyl ether, an organic ether, which can be used as MTBE oil additive for high octane gasoline. It is commonly used in the blending of unleaded gasoline and low lead oil; It can also be re cracked into isobutene as raw material for rubber and other chemical products; It can also be used in the production of methacrylaldehyde and methacrylic acid
Modified asphalt refers to the processed product of coal tar, which is the asphalt obtained from the deep processing of coal tar or ordinary coal tar. It is mainly used in the electrolytic aluminum industry and used as electrode rod or electrode binder
Anthracene oil refers to the raw materials for manufacturing coatings, electrodes, asphalt coke, carbon black, wood preservative oil and pesticides. It is mainly used to extract crude anthracene, acenaphthene, fluorene, phenanthrene, carbazole and other chemical raw materials
Industrial naphthalene refers to the most important polycyclic aromatic hydrocarbons in industry, which can be used to produce phthalic anhydride, intermediate of dyes, rubber additives and pesticides
C4 and C4 refer to hydrocarbon mixtures containing four carbon atoms
C5 and C5 refer to hydrocarbon mixtures containing five carbon atoms
Mixed C4 and mixed C4 refer to mixtures containing more than 95% of four carbon hydrocarbons such as butane and butene (n-butane, isobutane, n-butene, trans butene, isobutene, etc.)
Mixed C5 and C5 refer to the mixture mainly composed of five carbon hydrocarbons and containing a small amount of other components
Heavy C4 refers to the heavy components separated from the C4 separation unit of the company, mainly including CIS and trans butene, a small amount of 1-butene and C4 alkane
MTO refers to methanol to olefin
DMTO refers to the patented and proprietary technology of methanol to olefin of Dalian Chemical Institute
Phase II olefin project and Shanghai Pudong Development Bank Co.Ltd(600000) T / a olefin production project from coke gasification invested by raised funds. The gold investment project of the project mainly includes 2.2 million T / a methanol unit from coke gasification (front section) and Shanghai Pudong Development Bank Co.Ltd(600000) T / a olefin unit from methanol (rear section)
Phase III olefin project refers to Ningdong 500000 T / a coal to olefin project (including 250000 T / a EVA unit) and 500000 T / a C2-C5 comprehensive utilization to olefin project
Inner Mongolia project, Baofeng coal based new refers to Inner Mongolia Baofeng coal based new material Co., Ltd × 1 million T / a coal to olefin demonstration material project
Coal alcohol ratio refers to how many tons of coal are consumed to produce 1 ton of MTO methanol
Alcohol to olefin ratio refers to how many tons of refined methanol are consumed to produce 1 ton of ethylene and propylene
Diene yield refers to how many tons of ethylene propylene are produced with 1 ton of MTO methanol
Coal coke ratio
