Securities code: Jiangsu Jiuwu Hi-Tech Co.Ltd(300631) securities abbreviation: Jiangsu Jiuwu Hi-Tech Co.Ltd(300631) Announcement No.: 2022009 Jiangsu Jiuwu Hi-Tech Co.Ltd(300631) 2021 annual report summary
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.
The audit opinion of Zhonghui Certified Public Accountants (special general partnership) on the company's financial report this year is: standard unqualified opinion.
Changes of accounting firm during the reporting period: the accounting firm of the company has not changed this year. Tips on non-standard audit opinions □ applicable √ not applicable the company was not profitable at the time of listing and is not profitable at present □ applicable √ not applicable to the profit distribution plan of common stock or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors √ applicable □ not applicable
The company's profit distribution plan for ordinary shares reviewed and approved by the board of directors is: Based on the total share capital of 122642024 shares on January 31, 2022, distribute cash dividends of 1.50 yuan (including tax) to all shareholders for every 10 shares, give bonus shares of 0 shares (including tax), and transfer capital reserve to all shareholders for every 10 shares. Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Jiangsu Jiuwu Hi-Tech Co.Ltd(300631) stock code Jiangsu Jiuwu Hi-Tech Co.Ltd(300631)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Cheng Hengjiang Yan
Office address: No. 9, yuanxinlu, Pukou District, Nanjing
Fax: 02558209595
Tel: 025581095958095 025581095958095
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
During the reporting period, the company achieved an operating revenue of 540 million yuan, a year-on-year increase of 1.6%, and a net profit attributable to the owner of the parent company of 701243 million yuan, a year-on-year decrease of 15.24%. In 2021, the company achieved good sales indicators, but due to the outbreak of epidemic and dual control of energy consumption in the region, the production and delivery were affected to a certain extent, and the annual income scale was only basically the same year-on-year. During the reporting period, the overall gross profit margin of the company decreased due to the rising cost of raw materials, rising labor costs, low gross profit margin of projects in new development fields, intensified market competition and other factors; At the same time, the government subsidies received by the company also decreased significantly compared with the same period of last year; In addition, as the company further strengthened its R & D investment, the annual R & D expenses also increased year-on-year. The above factors led to a decline in the net profit attributable to the parent company.
During the reporting period, the company strengthened market development, with the newly signed contract amount of more than 1 billion yuan in the whole year. The business in the fields of CO fuel ethanol, industrial water treatment, biopharmaceutical and lithium extraction from Salt Lake developed steadily, and the innovation and breakthrough in the application fields such as resource utilization of titanium gypsum and cleaner production of iron phosphate formed a new business growth point. In 2021, the company strengthened the sales promotion of core membrane materials, and the sales volume of ceramic membrane tubes increased significantly throughout the year.
During the reporting period, the company further strengthened the construction of R & D system and increased R & D investment. The performance of membrane materials is further improved, which leads to the improvement of market demand; The lithium extraction adsorbent materials are continuously optimized and the production process is rapidly iterated. The company's adsorbent products have achieved good results in multiple salt lake scene experiments. Based on this, the lithium extraction process by adsorption coupled membrane method is developed to speed up the market promotion; Connect with the downstream demand and successfully develop the cleaner production process package of iron phosphate. Up to now, the signed orders exceed 100 million yuan; Throughout the year, the company carried out a lot of work around material R & D, application R & D and equipment R & D. during the reporting period, the company was elected as the leading enterprise in the field of ceramic membrane in China's membrane industry; Ceramic filter membrane products and complete sets of equipment were recognized as the Sixth Batch of single champion products in manufacturing industry by the Ministry of industry and information technology of the people's Republic of China; The third generation ceramic film production line is recognized as the intelligent manufacturing demonstration workshop in Jiangsu Province.
During the reporting period, the company vigorously carried out special management innovation activities such as informatization, digitization, standardization and lean, so as to improve the maturity of the internal supply chain and improve the delivery capacity of products.
During the reporting period, the company actively used the financing function of the platform of listed companies to help the business development of enterprises, and issued shares to specific objects through simple procedures to raise 103 million yuan for the construction of salt lake lithium extraction pilot platform and solid and hazardous waste Intelligent Cloud warehouse comprehensive service project.
(I) main business, products and business model of the company
1. Main business of the company
The company focuses on the R & D and application of ceramic membrane and other membrane materials and membrane separation technology. On this basis, the company provides systematic overall solutions of membrane integration technology for the field of industrial process separation and environmental protection water treatment, including R & D and production of ceramic membrane and other membrane materials and membrane complete sets of equipment, design technical solutions and implement membrane system integration according to customer needs, And provide operation technical support and operation services. During the reporting period, there was no significant change in the company's main business.
2. Main products and uses of the company
During the reporting period, the company's main products are the overall solution of membrane integration technology with ceramic membrane, organic membrane and other materials as the core.
Separation membrane material is a kind of inorganic or organic polymer material with special selective separation function. It can separate the fluid into two parts, make one or several substances pass through, and separate other substances. Ceramic film is a film prepared by special process from powder raw materials such as alumina (Al2O3), zirconia (ZrO2) and titanium oxide (TiO2). The ceramic membrane tube wall is densely covered with micropores. Under the action of pressure, the raw material liquid flows outside the membrane in the membrane tube, small molecular substances (or liquids) pass through the membrane, and macromolecular substances (or solid particles, liquid droplets) are intercepted by the membrane, so as to achieve the purpose of separation, concentration and purification of different components of the material liquid.
Due to the precision of membrane materials, the professionalism of membrane separation technology and the importance of filtration separation process in the production process, downstream application customers usually hope that the membrane integration system supplier can provide a package of overall solutions including process technology scheme, membrane materials and complete sets of equipment, system integration and operation services, that is, the overall solution of membrane integration technology. In order to meet the application needs of customers, the company also mainly adopts the form of overall solutions to provide customers with relevant products and services. The company's overall solution of membrane integration technology is mainly used in the field of industrial process separation such as biomedicine, chemical industry and new energy, as well as environmental water treatment such as industrial sewage, municipal sewage and water environment treatment. With the continuous promotion of the company's application research and development, new application fields continue to appear.
3. Business model
(1) Profit model
The company mainly obtains revenue and profit by providing customers with systematic overall solutions of membrane integration technology. The company designs technical solutions for customers in the field of industrial process separation and environmental protection water treatment, develops and produces membrane materials and membrane complete sets of equipment, implements membrane system integration, and provides customers with technical support and operation services. Under this business model, the company realizes the sales of membrane materials, membrane components and complete sets of equipment by providing customers with a package of overall solutions and services, so as to make a profit. In addition to the overall solution of membrane integration technology, the company also sells membrane materials or other accessories required for replacement to customers.
The company's profit model focuses on developing the application fields and customers of membrane technology through technological innovation, and is committed to meeting the needs of customers through a package of solutions and whole process services, so as to enhance the overall value of the company's products.
(2) Procurement mode
The company's procurement projects mainly include raw material procurement, parts procurement and process unit procurement. Most of the purchased materials are general commodities, which are easy to obtain from the market. In terms of key raw materials, parts and process units, the company sets alternative supplier schemes and alternative material schemes to ensure the supply safety of raw materials and parts. In addition, in terms of supplier selection, the company has formulated a clear supplier development process to determine qualified suppliers through selection, so as to ensure the quality of purchased raw materials, parts and single process components from the source.
(3) Production mode
The company independently produces and manufactures ceramic membrane, organic membrane and other materials, which are the core components of the overall solution of membrane integration technology, and independently processes and assembles membrane components and complete sets of equipment. On this basis, the system integration involved in the overall solution of membrane integration technology is implemented.
(4) Sales model
Due to the differentiated application requirements and process requirements of downstream customers of membrane integration technology, the company usually designs and implements the overall solution of membrane integration technology for customers in combination with the preliminary work such as process feasibility analysis and small-scale test, and couples it with the supporting process of customers through system integration.
According to the specific business of the company, the company adopts different marketing modes to carry out sales activities. The specific sales modes are divided into two categories: the overall solution of membrane integration technology and the sales of membrane materials and accessories. Among them, providing customers with the overall solution of membrane integration technology is the marketing core of the company.
(5) R & D mode
The research and development of the company is mainly independent research and development. At present, a complete research and development system of ceramic membrane and other membrane materials, membrane separation technology and membrane integration technology has been established. From the research on the key technologies of membrane material preparation and application to the design and development of the overall solution of membrane integration technology, the multi-level research and development work is organically combined, coordinated and promoted to create a steady stream of technical driving force for the company.
(II) main performance drivers of the company
1. External factors promoting the development of the industry
(1) Industrial policy support
In recent years, with China's increasing attention to the membrane industry, government departments at all levels have issued a series of policies aimed at promoting the development of membrane materials and membrane application industry. For example, advanced basic materials, key strategic materials and cutting-edge new materials are regarded as three key directions for the development of new material industry in the development guide of new material industry issued by the Ministry of science and technology, among which high-performance separation membrane materials are listed as key strategic materials. In the special plan for scientific and technological innovation in the material field of the 13th five year plan issued by the Ministry of science and technology, it is also proposed to focus on the development of strategic new materials such as high-performance membrane materials and functional ceramics, and vigorously improve the guarantee ability of functional materials in major projects; Functional membrane materials for energy conservation and environmental protection are required to be improved in the 13th five year plan for the development of national strategic emerging industries by the State Council; The national development and Reform Commission issued the Guiding Catalogue for industrial structure adjustment (2019 version), which included the development and application of functional membrane materials, ceramic membrane, membrane separation and other technologies in the process of drug production, nanofiltration membrane and reverse osmosis membrane pure water equipment in the encouraged catalogue; In December 2021, the Ministry of industry and information technology issued the Guiding Catalogue for the first application demonstration of key new materials (2021 version). The "membrane materials" were selected into the catalogue of "advanced chemical materials" and the "advanced ceramic powders and products" were selected into the catalogue of "advanced inorganic non-metallic materials".
In 2020, the State Council issued the new energy vehicle industry development plan (20212035). With the rapid development of new energy vehicles in the world, the development of lithium battery industry chain has been significantly promoted, and lithium batteries will usher in a broader development space. Lithium is also the core metal element of power battery. Whether it is ternary lithium battery, lithium iron phosphate battery or solid-state battery in the future, it is inseparable from lithium. With the increase of the output of new energy vehicles, the raw materials of lithium batteries, such as lithium carbonate, lithium hydroxide and lithium iron phosphate, are in short supply, and the investment in related industries is rising rapidly. The company also actively participates in the research and development of related technologies, and makes a breakthrough in the core process and core materials for the preparation of lithium carbonate, lithium hydroxide and lithium chloride from salt lake brine.
China first put forward the "3060 double carbon" commitment at the UN General Assembly in September 2020, and the "14th five year plan" stage has become the key period and window period for China to achieve carbon peak; At the end of 2020, the Ministry of ecology and environment officially issued the implementation plan for setting and allocating the total amount of national carbon emission trading quotas for 20192020 (power generation industry), and issued the list of key emission units included in the management of national carbon emission trading quotas for 20192020; On February 22, 2021, the State Council issued the guiding opinions on accelerating the establishment and improvement of a green and low-carbon circular development economic system; On July 1, 2021, the national development and Reform Commission issued the 14th five year plan for the development of circular economy, which proposed to promote the development of circular economy, build a green and low-carbon circular economic system, and help achieve the goals of carbon peak and carbon neutralization. The state mainly controls high carbon emission enterprises and encourages energy-saving, green, healthy and high-quality development, and guides the implementation of double carbon. The policy guidance level is becoming clearer and clearer, which brings more investment opportunities in relevant industries. The company's ceramic membrane continuous reaction separation technology has also been applied to the core process of carbon monoxide tail gas to fuel ethanol in metallurgy and iron and steel industries.
In January 2021, the national development and Reform Commission and other ten departments issued the guiding opinions on promoting the resource utilization of sewage, which put forward clear requirements for the resource utilization of sewage, such as the urban sewage treatment capacity, the utilization rate of reclaimed water and the reuse of industrial water. With the continuous improvement of China's strategic position in energy conservation, environmental protection and water resources protection, the state has introduced a series of policies and regulations for adjustment, which has promoted the rapid development of industries related to energy conservation, environmental protection and water resources protection. Chemical and petrochemical, biopharmaceutical and other industries also promote membrane separation technology as a cleaner production technology. The strong support of downstream industrial policies has brought broad space for the application of membrane separation technology.
(2) Downstream industry development
The downstream industry of the company's overall solution of membrane integration technology is mainly oriented to the industrial process separation field of biomedicine, chemical industry, new energy and other industries, including chemical industry, papermaking
