Company code: Guangdong Guanhao High-Tech Co.Ltd(600433) company abbreviation: Guangdong Guanhao High-Tech Co.Ltd(600433) Guangdong Guanhao High-Tech Co.Ltd(600433)
Summary of annual report 2021
Section I important tips
1 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 go to www.sse.com com. cn. The website carefully reads the full text of the annual report. 2. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and completeness 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. 3. All directors of the company attend the board meeting. 4. Lianda Certified Public Accountants (special general partnership) has issued a standard unqualified audit report for the company. 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 company's profit distribution in 2021 adopts cash dividend. It plans to distribute profits based on the total share capital registered on the equity distribution registration date minus the number of shares in the company's special repurchase account. It plans to distribute 0.70 yuan (including tax) cash dividend to all shareholders for every 10 shares. Section II basic information of the company
1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A-share Shanghai Stock Exchange Guangdong Guanhao High-Tech Co.Ltd(600433) Guangdong Guanhao High-Tech Co.Ltd(600433)
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Ding Guoqiang, Shi Hui
Office address: No. 313 Donghai Avenue, Donghai Island, Zhanjiang City
Tel: 0759282093807592820938
E-mail dinggq@htrh -paper. com. shih@htrh -paper. com.
2. Introduction to the company's main business in the reporting period
2021 is the first year of the 14th five year plan. Facing the complicated economic situation outside China and various risks and challenges, the CPC Central Committee with Comrade Xi Jinping as the core takes the overall situation and responds calmly. Through the joint efforts of the whole country, China's economic development and epidemic prevention and control both maintain a leading position in the world, and the overall operation of the national economy is within a reasonable range. China has incorporated "carbon peaking and carbon neutralization" into the overall layout of ecological civilization construction, implemented carbon reduction actions in key industries, vigorously promoted green manufacturing, and implemented the blueprint of "double carbon" with practical actions.
With the rapid recovery of China's economy, the downstream consumer market has gradually recovered, superimposed on the impact of China's "waste prohibition order", "plastic restriction order" and other environmental protection policies, the market demand for paper products has increased, and the structural adjustment of China's paper industry has been further accelerated. The paper industry is accelerating technological progress and developing towards a large modern industry with high efficiency, high quality, high efficiency, low consumption, low pollution and low emission. It presents large-scale enterprises, technology integration, product functionalization, cleaner production, resource conservation, low-carbon environmental protection, forest paper integration, management informatization and industrial globalization, And the outstanding characteristics of green development. In 2021, China's GDP was 114367 billion yuan, an increase of 8.1% over the previous year at constant prices and an average increase of 5.1% in the two years. In terms of quarters, the first quarter increased by 18.3% year-on-year, the second quarter increased by 7.9%, the third quarter increased by 4.9%, and the fourth quarter increased by 4.0%. The internal circular economy as a whole improved and the social economy developed steadily.
During the reporting period, the epidemic broke out repeatedly in many places in China, which greatly affected the consumption atmosphere of the terminal market in various regions, led to the decline of residents' consumption desire and affected the consumption demand of some non necessities. At the same time, countries around the world have also been plagued by covid-19 epidemic for a long time, and the prices of shipping costs, bulk raw materials and energy products have also fluctuated in the high range for a long time, resulting in relatively high production and operation costs of manufacturing industry. In the above context, the market demand of the industry has been greatly affected, but the orders of a series of activities in the centennial of the founding of the party have driven China's demand, and the continuous growth of express and label markets has boosted the growth of China's paper industry. According to the latest data of the National Bureau of statistics, in 2021, the total production of machine-made paper and paperboard in China was about 135839 million tons, an increase of 6.8% year-on-year, breaking the 130 million ton mark for the first time, a record high; The operating revenue of the national paper and paper products industry was 150062 billion yuan, a year-on-year increase of 14.7%, and the total profit was 88.48 billion yuan, a year-on-year increase of 6.9%.
(I) special paper industry
During the reporting period, the overall market demand for thermal paper in China maintained growth. Among them, the threshold of ordinary thermal paper industry is low, China's production capacity continues to grow, and the market competition in the industry is further intensified. The label thermal paper market is driven by online consumption, and the business volume of the express industry maintains rapid growth. However, the market share of express delivery is relatively concentrated, the voice of leading enterprises is strong, and the number of new enterprises entering the label thermal coating industry is gradually increasing, with overcapacity and intensified competition in the industry, resulting in huge pressure on the market price of label thermal paper; After the Spring Festival in 2021, the lottery industry stopped "high-frequency fast opening" business, and covid-19 pneumonia affected residents' lottery consumption habits, the overall demand shrank, and the market price of thermal paper in China showed a downward trend.
Self adhesive labels are closely related to people's daily life and have great demand in many fields such as daily chemical, food, beverage, medicine, logistics and supermarkets. In 2021, the total retail sales of social consumer goods in China was 440823 billion yuan, a year-on-year increase of 12.5%, driving the growth of self-adhesive market demand to a certain extent. Due to the weak consumer demand of residents in the terminal market and the strong voice of leading enterprises, there is great pressure on the price of self-adhesive, and the market price remains low and volatile.
Due to the continuous promotion of national environmental protection policies, the gravure printing capacity continues to transfer to the green and environmental protection digital printing industry, and residents' consumption habits have changed, further driving the demand for personalized clothing, so as to continuously improve the market demand for heat sublimation transfer paper.
Under the influence of electronization and heat sensitivity, the demand for carbon free paper continues to decline, especially driven by the electronization of medical bills and fiscal and tax bills.
During the reporting period, Zhejiang Province began to try the pilot operation of electronic value-added tax special ticket. It is expected that relevant policies will be issued for national promotion. Under the comprehensive influence of various factors, the market demand for carbon free paper continued to decline.
(II) high grade coated white cardboard industry
During the reporting period, with the implementation of relevant environmental protection policies such as "waste prohibition order" and "plastic restriction order" such as the national opinions on Further Strengthening the treatment of plastic pollution and the announcement on matters related to the comprehensive prohibition of the import of solid waste, the substitution demand of white cardboard for disposable and non degradable plastic products was gradually released. Continuously improve the market demand of white cardboard, and the prosperity of white cardboard industry is also continuously improved. In addition, with the gradual deepening of the national supply side structural reform and the gradual withdrawal of backward production capacity in the industry, the integration benefits of leading enterprises in China's paper industry are prominent, and the reform and development of the company is facing great opportunities and challenges. At the same time, under the background of consumption upgrading, the market demand of color printing industry, as the packaging supporting business of consumer products, is gradually increasing.
The company's main business includes R & D, manufacturing and sales of special paper (thermal paper, thermal sublimation transfer paper, carbon free paper, self-adhesive label), high-grade coated white cardboard, papermaking chemicals and color printing products.
(I) special paper
The company's special paper mainly includes thermal paper, thermal sublimation transfer paper, carbon free paper, self-adhesive labels, etc. Thermal paper is mainly used in bill, label, fax, cashier, ATM paper and other fields. Among them, the three proofing special thermal paper independently developed by the company has a large market share in high-end fields such as China sports lottery, China welfare lottery and civil aviation boarding pass. The newly launched membrane based thermal materials are widely praised in the medical industry. Self adhesive label materials are mainly used in variable information labels, anti-counterfeiting labels and basic labels in logistics, medicine, daily chemicals, food, alcohol and other industries. Thermal sublimation transfer paper is mainly used in polyester containing clothing, home textiles and other textile fields. In recent years, thermal sublimation transfer paper has made a major breakthrough in the field of digital printing. The company's products occupy the main market share in China with excellent quality. Carbon free paper is mainly used in tax, postal, banking, commercial and other industries. The company is also the main supplier of tax invoice carbon free paper for provincial and municipal tax bureaus and China's five major banknote printing and Minting companies. The company has 2 base paper production lines and 12 coating production lines, with a base paper production capacity of 185000 tons and a coating production capacity of 250000 tons.
(II) high grade coated white cardboard
High grade coated white cardboard belongs to the category of white cardboard and is widely used in tobacco packaging, liquid and food packaging, pharmaceutical packaging, cosmetics packaging, household goods packaging and other fields. High grade coated white cardboard is mainly produced and manufactured by Zhuhai base. Based on the high-end packaging market of tobacco, food and other industries outside China, it provides customers with "personalized" products and services with a "differentiated" competitive strategy. The company has 3 coated white cardboard production lines with a total annual production capacity of about Shanghai Pudong Development Bank Co.Ltd(600000) tons. The products mainly include the following categories:
Coated white cardboard for tobacco packaging is the company's leading product, which is applied to the field of high-grade cigarette packaging market. It occupies a leading position in the field of cigarette packaging in China and represents the top level of coated white cardboard quality in China. Hongta Renheng, the holding subsidiary of the company, has won the gold award of China International Paper and paper brand and the first prize of national scientific and technological progress, the highest award in China's scientific and technological circles. The color fiber anti-counterfeiting coated white cardboard, natural color fiber anti-counterfeiting coated white cardboard and other products independently developed by Hongta Renheng and with national invention patent technology have been successfully applied to the series of brand cigarette packaging of "Hongta Group" and "Hongyun Honghe Group". Through anti-counterfeiting from the source of packaging materials, the significant anti-counterfeiting effect of "easy identification and difficult imitation" has been achieved.
Liquid packaging and food packaging series white cardboard are the key development direction of the company and the sector with large market demand growth. The company took the lead in breaking the monopoly of foreign technology and independently developed liquid aseptic packaging base paper for liquid milk, fruit juice, herbal tea and other beverage packaging, which can effectively replace imported products; Coated oil proof food card, high-grade paper cup base paper and other food packaging products have been recognized by many world-famous catering groups. Adhering to the concept of green and sustainable development and responding to the national policies of "plastic reduction" and "plastic prohibition", the company has successfully developed and launched "plastic free coated food paper" and "degradable PBS coated paper", which can effectively replace PE coated paper and reduce the use of non degradable plastic products.
High grade social white cardboard is used in high-end medicine, cosmetics, daily necessities and other subdivided packaging market fields. The "anti-counterfeiting coated white cardboard with personalized identification code" independently developed and patented by the company has been successfully applied to the anti-counterfeiting packaging of high-end products such as high-end pharmaceuticals and cosmetics, focusing on anti-counterfeiting functions and personalized customization of high-end brands, effectively reducing users' anti-counterfeiting costs, improving brand recognition and gaining users' high trust and recognition. "Blister white cardboard", "vaccine card" and other products show excellent packaging performance under specific needs and are widely recognized by customers.
(III) papermaking chemicals
Papermaking chemicals is an extension of the company's business in the upstream layout of the papermaking industry chain. The R & D, production, manufacturing and sales of such products are undertaken by Jinji chemical, a subsidiary of Hongta Renheng holdings. The main products include carboxyl styrene butadiene latex, styrene acrylic latex, ultra-fine calcium carbonate and chemical additives for papermaking, which are applied to the coating adhesives and coating pigments of major coating and papermaking enterprises in China, It can be well applied to high-quality food, cigarette and other packaging paper grade papermaking raw materials. At the same time, it can supply various levels of papermaking raw materials according to the requirements of customers. The quality has reached the first-class level in China. It is a well-known brand of Chinese papermaking latex production enterprise.
(IV) color printed matter
Color printing business is a supporting business of the company extending to the downstream of the paper industry chain. It mainly provides customers with one-stop packaging solutions including scheme design and material production, which is undertaken by Huaxin color printing, a wholly-owned subsidiary of the company. Huaxin color printing has offset printing, flexographic printing and gravure printing workshops, focusing on the production and technological innovation of fully automatic packaging folding cartons, cartons, wet glue labels, self-adhesive labels, shrink labels, in film labels, film labels, bar code printing, brochures, books and periodicals, which can meet the requirements of variable data printing; For end consumer industries, such as medical drugs, condiments, all kinds of drinks, etc. The most prominent advantage of the product is that it can provide customized solutions for customers from the material side, and provide customers with more environmental protection, more economic and more personalized packaging materials.
3 main accounting data and financial indicators of the company 3.1 main accounting data and financial indicators in recent three years
Unit: yuan currency: RMB
20212020 compared with 2019 of the previous year
Increase or decrease (%)
Total assets 9279578136479477 Guangdong Jiayuan Technology Co.Ltd(688388) 85 -2.09394097019050
Attributable to listed companies
Net assets of shareholders of the company 501068198472493122237989 1.61266588360150
Operating income 739782153202649758041945 13.86259476871306
Attributable to listed companies
Net profit of shareholders of the company 138719222531797519712-
