Summary of annual report 2021
February 20203
National environment friendly enterprise Yunnan Aluminium Co.Ltd(000807) · China green aluminum
Yunnan Aluminium Co.Ltd(000807) Yunnan Aluminium Co.Ltd(000807) 2021 annual report summary
Yunnan Aluminium Co.Ltd(000807) 2021 annual report summary
1、 Important tips
The investors shall carefully read the full text of the annual report and the financial development report of the company, and understand the full text of the annual report designated by the CSRC.
All directors of the company personally attended the meeting of the board of directors to consider this annual report.
Tips on non-standard audit opinions
□ applicable √ not applicable
The profit distribution plan of ordinary shares or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors
√ □ not applicable
Whether to increase share capital with accumulation fund
□ yes √ no
The company’s profit distribution plan for ordinary shares reviewed and approved by the board of directors is: take 3467957405 as the base, distribute cash dividend of 1.13 yuan (including tax) to all shareholders for every 10 shares, send bonus shares of 0 shares (including tax), and do not use the accumulation fund to increase the share capital.
Profit distribution plan for preferred shares in the reporting period adopted by the board of directors
□ applicable √ not applicable
2、 Basic information of the company
(I) Company Profile
Stock abbreviation Yunnan Aluminium Co.Ltd(000807) Stock Code: Yunnan Aluminium Co.Ltd(000807)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Tang Zhengzhong, Wang Jiyu
Office address: Yunnan Aluminum Stock Co., Ltd., Qidian street, Chenggong District, Kunming City, Yunnan Province
Co., Ltd. Co., Ltd
Fax: 456771560085
Tel: 087167455758087167455923
E-mail [email protected]. [email protected].
National environment friendly enterprise Yunnan Aluminium Co.Ltd(000807) · China green aluminum
Yunnan Aluminium Co.Ltd(000807) Yunnan Aluminium Co.Ltd(000807) 2021 annual report summary
(II) introduction to main business or products during the reporting period
1. Main businesses and products of the company
During the reporting period, there was no significant change in the company’s main business and products. The company’s main business is bauxite mining, alumina production, aluminum smelting, aluminum processing and aluminum anode carbon production and sales. Its main products include alumina, aluminum anode carbon, aluminum ingot for remelting, round aluminum rod, aluminum alloy, aluminum sector, strip foil, aluminum welding materials, etc.
2. Main product uses
Product name main purpose
alumina
The main component is aluminum oxide, which is used for the production of metal aluminum by molten salt electrolysis. It is also an important raw material for the production of corundum, ceramics, refractories and so on.
Anode carbon for aluminum
Electrolytic aluminum industry is an important and indispensable raw material.
Aluminum ingot for remelting
The main raw material for producing aluminum products is used for primary processing and deep processing of aluminum products after remelting.
High precision aluminum
It is widely used in electronic industry, aerospace industry, transportation field, optical application, chemical and metallurgical industry and other fields. It is mainly used for making high-voltage capacitor aluminum foil, high-performance conductor, bonding wire for integrated circuit, alloy for high-speed track, optical reflective surface, etc.
National environment friendly enterprise Yunnan Aluminium Co.Ltd(000807) · China green aluminum
Yunnan Aluminium Co.Ltd(000807) Yunnan Aluminium Co.Ltd(000807) 2021 annual report summary
Round aluminum rod
It is used in the production of wires, cables and conduits for power, communication, machinery and other industries.
aluminium alloy
Cast aluminum alloy and deformed aluminum alloy (including aluminum alloy flat ingot and round bar) are mainly used in aerospace, rail transit, shipping, automobile, architectural decoration, 3C electronics, packaging and printing and other fields.
Aluminum strip
It is used in the production of aluminum products such as building materials, packaging materials, automobile heat sink, corrugated tile, air conditioning heat sink and electronic products.
aluminum foil
Used in capacitors, battery foil, flexible packaging (food, medicine, daily necessities, etc.).
Aluminum welding material
It is used for welding aluminum components in aviation, shipping, automobile, rail transit and other fields.
National environment friendly enterprise Yunnan Aluminium Co.Ltd(000807) · China green aluminum
Yunnan Aluminium Co.Ltd(000807) Yunnan Aluminium Co.Ltd(000807) 2021 annual report summary
3. Industry development and changes and the company’s industry position
Aluminum industry is a cyclical industry. It is an important basic raw material industry in China. It is closely related to transportation, construction, electric power, machinery manufacturing, aerospace, electronic and electrical appliances, packaging and other industries. Its product price changes periodically with the macroeconomic fluctuations outside China.
China is a large country in the aluminum industry, with its output and consumption ranking first in the world. In recent years, China’s economy has shifted from a stage of rapid growth to a stage of high-quality development. The state has implemented supply side structural reform, continuously eliminated backward production capacity, shut down production capacity that violates regulations and fails to meet environmental protection standards, strictly controlled new electrolytic aluminum production capacity by setting a production capacity ceiling, optimized the pattern of electrolytic aluminum industry, effectively improved market supply and demand, and played a positive role in the orderly and healthy development of aluminum industry.
In 2021, China’s aluminum industry continued to deepen the supply side structural reform, strictly controlled the new production capacity of electrolytic aluminum, and strictly implemented the replacement of production capacity. The operation of the industry was good and the benefits were significantly improved.
During the reporting period, the CPC Central Committee and the State Council put forward the strategy of “carbon peaking and carbon neutralization”. Carbon peaking and carbon neutralization is a major strategic deployment put forward by the CPC Central Committee with Xi Jinping as the core to coordinate the overall situation of national economic and social development. The CPC Central Committee, the State Council and relevant ministries and commissions have successively issued the opinions of the CPC Central Committee and the State Council on completely, accurately and comprehensively implementing the new development concept and doing a good job in carbon peaking and carbon neutralization A series of policy documents such as the notice of the State Council on printing and distributing the action plan for carbon peak before 2030 have had a significant and far-reaching impact on the development of aluminum industry in the coming period. First, further reaffirm the achievements of consolidating and resolving excess capacity of electrolytic aluminum, strictly implement capacity replacement and strictly control new capacity. Second, strictly control the energy consumption and carbon dioxide emission intensity, and change from “dual control” of energy consumption to “dual control” of total carbon emission and intensity, forcing the energy consumption structure of electrolytic aluminum industry to change from traditional coal-fired power to green and low-carbon energy consumption structure dominated by clean energy and new energy, supplemented by bottom-up adjustment of coal-fired power, China’s electrolytic aluminum production capacity will shift from coal and electricity rich areas in the north to areas with green and low-carbon energy advantages in the southwest. Third, at the level of market demand, the State supports the expansion of the supply and consumption of green and low-carbon products. With the gradual establishment of China’s carbon emission market and the collection of carbon tariffs, the market pays more attention to the unit energy consumption and carbon emission level at the supply end. The economic value and social benefits of green aluminum products such as low-carbon aluminum, zero carbon aluminum and high-end high-purity functional new materials are more prominent, and the growth space and potential of green aluminum consumption are huge. Fourth, the state proposes to accelerate the development of circular economy, accelerate the development of recycled non-ferrous metal industry including recycled aluminum, and constantly improve the level of green and low-carbon development. The aluminum industry urgently needs to accelerate the improvement of the green and clean production capacity of green mining, low-carbon smelting and zero carbon emission, extend the development of intensive processing products, and cultivate green recycling industries such as comprehensive utilization of red mud, clean utilization of renewable resources and resource utilization of hazardous wastes.
The company has always practiced the concept of green development. It is the only “national environment-friendly enterprise” in China’s nonferrous metal industry and the first batch of “green factories” in China. Over the years, relying on the unique green energy advantages of Yunnan Province and adhering to the high-quality development of “green aluminum integration”, Yunnan has formed an enterprise vision of enabling green and low-carbon, creating value through alloying development, and building a replicable advanced model with circular economy, striving to be the leader of high-quality development, building the first brand of green and low-carbon development, and becoming the leader of aluminum based new materials. The company has built an electrolytic aluminum production capacity of 3.05 million tons, and is the largest green low-carbon aluminum supplier in China; The company’s economic and technical indicators of electrolytic aluminum are in a leading position in the industry. The technology of preparing 0.0045mm high-end electronic aluminum foil by casting rolling method is the world’s first and internationally leading.
4. Market conditions of the company’s main products
Adhering to the development path of alloying and high quality, the company produces aluminum ingots, cast aluminum alloys, aluminum flat ingots, sector, strip foil, welding materials and other products, which are widely used in automobile lightweight, rail transit, national defense and military industry, packaging, aluminum furniture, electric power and so on.
During the reporting period, the company further improved and strengthened its competitive advantages in the industries such as primary aluminum cast aluminum alloy (A356.2), aluminum flat ingot and aluminum welding materials
National environment friendly enterprise Yunnan Aluminium Co.Ltd(000807) · China green aluminum
Yunnan Aluminium Co.Ltd(000807) Yunnan Aluminium Co.Ltd(000807) 2021 annual report summary
In 2021, the company’s sales volume of cast aluminum alloy increased by 13% year-on-year, the Chinese market share reached about 25%, and the leading position in the industry of cast aluminum alloy market share was further consolidated. At the same time, the company continues to expand the market share of high-quality aluminum ingots and high-precision aluminum, expand the market channels of high-quality products widely used in high-end fields such as military industry, rail transit and electronics, give full play to the benefits and scale effect of green brands, and build a stable sales customer channel through good technical reserve and innovation ability, high-quality products and services, stable supply and customized production capacity, Continuously improve the company’s brand advantages.
(III) main accounting data and financial indicators
1. Main accounting data and financial indicators in recent three years
Does the company need to retroactively adjust or restate the accounting data of previous years
□ yes √ no
Unit: Yuan
Year end 2021 year end 2020 year end increase or decrease over the previous year year end 2019 year end
Total assets 37837121415334101859771334 – 7.76% 3957945661020
Net assets attributable to shareholders of listed companies 18191320779961180569288788 54.09% 1091966903250
20212020 year-on-year increase or decrease 2019
Operating income 416 Zhiyang Innovation Technology Co.Ltd(688191)
