Securities code: Shandong Dongyue Organosilicon Materials Co.Ltd(300821) securities abbreviation: Shandong Dongyue Organosilicon Materials Co.Ltd(300821) Announcement No.: 2022015 Shandong Dongyue Organosilicon Materials Co.Ltd(300821)
Summary of annual report 2021
1、 Important note: 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. All directors personally attended the meeting of the board of directors to consider this annual report. The audit opinion of Tianjian 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, and it is Tianjian accounting firm (special general partnership). 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: Taking 1200000000 shares as the base, distribute cash dividends of 3.80 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 Shandong Dongyue Organosilicon Materials Co.Ltd(300821) stock code Shandong Dongyue Organosilicon Materials Co.Ltd(300821)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Zhang xiulei, Wang junnan
Office address: section of Lizhai village, Tangshan town, Huantai County, Zibo City, Shandong Province
Fax: 05338510195
Tel: 05338514338
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
(I) main business and main products
The company specializes in the R & D, production and sales of silicone materials. Its main products include silicone rubber, silicone oil, silicone resin, fumed silica and other silicone downstream deep-processing products and silicone intermediates. Among them: silicone rubber: mainly used as adhesive, sealant, potting and molding materials in construction, electronics, electric power, automobile and other fields. As potting and molding materials, it is used in medical treatment, daily necessities, electronics, new energy and other fields. Silicone oil: silicone oil is widely used in textile, daily chemical, mechanical processing, chemical, electronic and electrical industries. It is mainly used as textile printing and dyeing auxiliaries, daily chemical auxiliaries, advanced lubricants, shockproof oil, insulating oil, vacuum diffusion pump oil, release agent, defoamer, polishing agent and isolating agent. Silicone: a kind of thermosetting polysiloxane with highly crosslinked network structure, which has excellent heat resistance, electrical insulation and good waterproof effect. Silicone resin is mainly used as insulating paint to impregnate H-class motor and transformer coils, and to impregnate glass cloth, glass cloth wire and asbestos cloth to make motor bushing and electrical insulation winding. Fumed silica: mainly used as reinforcing filler of silicone rubber. It is also used in ink and coating industry, composite materials, adhesives, chemical mechanical polishing and other fields.
(II) industry development and company situation
In the past decade, the silicone industry has developed rapidly, and the global polysiloxane production capacity increment mainly comes from China. Due to the influence of raw materials, costs, market and other factors, the overseas production capacity growth is slow. At present, the global polysiloxane production capacity is mainly concentrated in China, Western Europe, North America, Japan, South Korea and other developed countries and regions. There are two main reasons for the growth of Silicone Market in the future: first, silicone shows its superior performance and plays a role in more and more broad fields. Silicone is a kind of high-performance new materials with excellent performance, diverse forms and wide applications. With the development of national economy and the continuous improvement of people's living standards, silicone products show their superior performance and play a role in more and more fields, gradually realize the substitution of traditional materials, and expand the scope of application. The demand for new high-end energy, biomedical equipment and new materials in emerging industries such as photovoltaic industry has maintained rapid growth. Second, the rapid growth of demand in emerging markets has an important relationship. The per capita GDP of emerging market countries is low, and the per capita silicone consumption still has a big gap and growth prospects compared with developed countries, which will greatly increase the market demand for silicone.
The company's silicone production technology and process are at the leading level in China. Through long-term production practice and technological innovation, the company has mastered a number of core technologies and key production processes, and continues to research, develop and apply new technologies and processes to enhance the core competitiveness of the enterprise. The company has mastered the design and operation technology of a single set of 150000 T / a single unit. As a national high-tech enterprise, the company has established Shandong Key Laboratory of advanced silicone materials and technology and Zibo silicone materials engineering technology research center. It won the second prize of provincial science and technology project in 2020. It has successively undertaken a series of major scientific research projects, such as the "industrial foundation strengthening" project of the Ministry of industry and information technology of the people's Republic of China, the science and technology plan project of Shandong Province, the special project of independent innovation and achievement transformation of Shandong Province, and the key project plan of innovation and development of Zibo City.
As a leading enterprise in the industry, the company was selected as an excellent innovative enterprise in China's fluorosilicone industry and awarded the title of national green factory. It has successively led the drafting and release of 13 group standards, participated in the drafting and release of 5 group standards and participated in the drafting and release of 2 National standards; By the end of the reporting period, the company has obtained 51 valid invention patents, of which the invention patent "hydrolysis method of organochlorosilane" has won the first prize of Shandong patent award; High strength high and low temperature resistant rubber, high strength flame retardant silicone rubber and high-performance cable flame retardant industrialization projects have successfully applied for excellent scientific and technological achievements in China's fluorosilicone industry.
The company has built and operated two sets of silicone monomer production units. The fund-raising investment project "300000 t / a silicone monomer and 200000 t / a silicone downstream product deep processing project" is currently in the trial production stage. After the project is completed, the company's polysiloxane production capacity model is further expanded and its scale advantage is further enhanced. At the same time, the company is also an important supplier of silicone downstream deep-processing products in China. Now it has more than 300 brands of silicone rubber, silicone oil, fumed silica, silicone resin and other downstream products. Thanks to the wide range of downstream applications, the cyclical characteristics of the product are not obvious.
During the reporting period, the company seized the market opportunity and actively expanded its business scale. The fund-raising investment project "300000 t / a silicone monomer and 200000 t / a silicone downstream product deep processing project" arranged the trial production process in stages according to the product process and production process in December 2021. After the project was completed, the company's monomer production capacity reached Shanghai Pudong Development Bank Co.Ltd(600000) T / A to meet the growing product demand of the downstream, The deep processing technology of downstream products makes full use of the advantages of the industrial chain to develop deep processing, expand new product lines and increase product added value. At the same time, the company continues to strengthen the comprehensive utilization of by-products, continuously expand the industrial chain of comprehensive utilization of silicone by-products, gradually carry out the development and industrialization of special monomers, silicone resins, silicone fine chemicals, silicone composites and other products, and strive to build a circular economy of new silicone materials.
(III) business model
1. R & D mode
The company's research and development is guided by market demand and driven by technological innovation. It adheres to the R & D strategy of independent R & D and independent innovation. At the same time, it actively carries out industry university research cooperation with colleges and universities and scientific research institutes to enhance R & D capacity. Focusing on the silicone industry chain, the company continues to carry out technological innovation, process upgrading and new product research and development, and strives to realize the market transformation of R & D and innovation achievements.
2. Procurement mode
The raw materials of the company mainly include metal silicon, chloroform, methanol and other chemical raw materials. Metal silicon is mainly purchased from metal silicon production and processing enterprises, and other chemical raw materials are mainly purchased directly from manufacturers or through traders. The company has an independent supply chain system and has established an independent SRM (Supplier Relationship Management) system. The company sets up a material procurement department to be responsible for the control and management of the procurement process and the selection, control and evaluation of suppliers.
3. Production mode
The production operation center of the company has a production dispatching room, which is fully responsible for the production operation management of the company. Each production workshop is responsible for organizing production according to the plan, and the quality inspection center is responsible for supervising, inspecting and managing the product quality.
4. Sales model
The company set up a marketing and operation Department to be responsible for the sales business of silicone products outside China, and set up a sales service organization in China's main market regions, realizing the rapidity, personalization and localization of customer service. As the silicone products are industrial products, the company adopts the direct selling mode, mainly selling the products directly to the downstream silicone products processing enterprises.
Companies usually carry out product promotion and customer development through industry meetings, customer visits and telephone contracting. Due to the long downstream industrial chain of silicone and wide application fields of products, the downstream customer structure of the company is relatively scattered, and a large number of small-scale enterprises are gathered. In order to develop the market, stabilize sales and disperse risks, the company has adopted the customer development strategy of combining large customers with small and medium-sized customers. The company attaches great importance to customer service in the process of customer maintenance. The company's sales and technology departments collect industry and market information through various ways and channels, closely track the development trend of technology and market, timely understand the new trends and needs of customers, provide high-quality services for customers and win the trust of customers. In the process of sales, the company has adopted a strict credit management system to control the risk of payment for goods, and the settlement of payment for goods is mainly based on bank acceptance bills.
The sales regions of the company's products in China are mainly concentrated in South and East China, and the overseas sales regions include UAE, the United States, Belgium, Germany, India, South Korea and other countries and regions.
3. Main accounting data and financial indicators (1) whether the company needs to retroactively adjust or restate the accounting data of previous years in recent three 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 627466307675449841730564 39.49% 249806670986
Net assets attributable to shareholders of listed companies 51258 China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) 5407913070491 25.66% 210777576035
20212020 year-on-year increase or decrease 2019
Operating income 433321912091250332049087 73.10% 273315096244
Net profit attributable to shareholders of the listed company 11506344666928073191198 309 87% 553425,297.56
Deduction attributable to shareholders of listed companies is not subject to 11515317813425082650108 359 09% 46070808382 net profit of recurring profit and loss
Net cash flow from operating activities 5545695968520991015466 164 19% 513099,311.16
Basic earnings per share (yuan / share) 0.96 0.25 284 00% 0.61
Diluted earnings per share (yuan / share) 0.96 0.25 284 00% 0.61
Weighted average return on net assets 25.14%, 7.94%, 17.20%
