Company code: Zhejiang Jiahua Energy Chemical Industry Co.Ltd(600273) company abbreviation: Zhejiang Jiahua Energy Chemical Industry Co.Ltd(600273) Zhejiang Jiahua Energy Chemical Industry Co.Ltd(600273)
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. Lixin Certified Public Accountants (special general partnership) 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
Based on the total share capital of the company on the date of equity registration at the time of annual profit distribution in 2021, deducting the shares in the special account for repurchase, the company will distribute a cash dividend of 3 yuan (including tax) to all shareholders for every 10 shares, without giving bonus shares or converting capital reserve into share capital. The remaining undistributed profits are carried forward to the next year.
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 6 Guosen Securities Co.Ltd(002736) 00273 Huafang textile
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Shao Shengfu (on behalf of) Zhang Bingyang
Office address: No. 2288, Binhai Avenue, Zhapu, Jiaxing, Zhejiang, No. 2288, Binhai Avenue, Zhapu, Jiaxing, Zhejiang
Tel: 057385583256057385580699
E-mail [email protected]. [email protected].
2. Introduction to the company’s main business in the reporting period
1. Basic information of steam heating industry
Cogeneration refers to the production mode that the power plant not only produces electric energy, but also uses the steam from the steam turbine generator to heat users, that is, the process of producing electricity and heat energy at the same time, which saves fuel compared with the mode of producing electricity and heat energy respectively. It has comprehensive benefits such as saving energy, improving the environment, improving heating quality and increasing power supply. It has become a development model of circular economy.
Cogeneration is recognized as an important means of energy conservation and emission reduction at home and abroad. Vigorously developing energy-saving and environmental friendly cogeneration and relying on high parameter and high efficiency cogeneration units to replace small boilers with low parameter, low efficiency and high pollution for heating is an important development direction of energy conservation and effective utilization in China. With the adjustment of national industrial policy, cogeneration will strengthen the technical transformation of clean emission and adopt advanced process equipment to further improve energy efficiency. During the 13th Five Year Plan period, the state vigorously advocated ultra-low emission of cogeneration units. Industry restrictions have been imposed since 2018. If coal-fired cogeneration units fail to meet the ultra-low emission standard, heating business is not allowed, which further improves the industry access standard.
In the global atmosphere of promoting a green and low-carbon economy, in 2020, China officially put forward the strategic goal of “carbon peaking and carbon neutralization”, focusing on building a clean, low-carbon, safe and efficient energy system. The state continues to encourage and accelerate the layout of the cogeneration industry to develop towards centralization and greening. In July 2021, the national development and Reform Commission issued the “14th five year plan” for the development of circular economy (fghz [2021] No. 969) “. Developing circular economy is a major strategy for China’s economic and social development. Realize the development of green and low-carbon cycle, and actively promote central gas supply and heating. Actively use waste heat and pressure resources to promote the application of integrated systems of cogeneration, distributed energy and photovoltaic energy storage. In October 2021, in order to implement the spirit of 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, the national development and Reform Commission and the National Energy Administration formulated the “national plan for the transformation and upgrading of coal-fired power units (fgy [2021] No. 1519)” to fully expand the demand for centralized heating and give full play to the heating capacity of cogeneration units. Encourage the technical transformation of cogeneration units, fully recover and utilize the waste heat of power plants, further improve the heating capacity and meet the demand of new heat load. In this context, governments at all levels have also issued relevant plans. In May 2021, Zhejiang Provincial Development and Reform Commission and Zhejiang Provincial Energy Bureau issued the “14th five year plan” for energy conservation and consumption reduction and optimal allocation of energy resources in Zhejiang Province (zfgg [2021] No. 209), accelerating the technical transformation of cogeneration, promoting the demonstration of distributed cogeneration of heat, electricity and cooling, and striving to reduce the average standard coal consumption of power supply for thermal power plants to 295g / kWh by 2025, The average standard coal consumption for power supply of cogeneration enterprises decreased to 260 g / kWh. As a cogeneration enterprise, the company operates high-temperature and high-pressure back pressure units, which meets the planning requirements.
The company generates steam for heating through cogeneration units. The steam is mainly used for heating the company’s chemical plants and enterprises in the new chemical materials park. The company provides steam heating to the park and surrounding enterprises according to the approved heating range. The demand for heating products mainly depends on the steam consumption of the enterprise itself, the number and demand of enterprises settled in the park and the steam demand of surrounding enterprises within the heating range. With the continuous construction and operation of follow-up projects of enterprises in the park, the steam demand of enterprises in the park will maintain a stable growth.
2. Basic information of chemical industry
Thanks to the continuous tightening of global epidemic control and other factors, China is still the first to improve the global competitiveness of the global manufacturing industry. However, due to the continuous tightening of global epidemic control and logistics, China is still facing many adverse factors. With the implementation of China’s dual carbon strategy and promoting the transformation of energy structure to green and low-carbon, China’s chemical industry is in an important period of strategic opportunity, the industry is transforming to a high-quality development model, and there is great potential for the optimization and upgrading of industrial structure.
(for details, please refer to item (IV) “analysis of industry operational information” in Article 5 “main business conditions during the reporting period” of this chapter).
3. Basic information of wharf loading and unloading industry
The port and wharf industry belongs to the basic industry of the national economy, and the development level of the industry is closely related to the international and Chinese economic situation. With the acceleration of the process of global economic integration, the importance of port terminals is not only reflected in the port terminals themselves, but also reflects the driving effect on the regional economy around the port terminals. As a transportation industry, port terminals are also greatly affected by national industrial policies. With the implementation of the code for fire protection design of oil and gas chemical terminals issued by the Ministry of transportation, the requirements for safe production and professionalism of port terminals are becoming higher and higher. As a liquid chemical wharf, Meifu wharf relies on the comprehensive advantages of the rear chemical new material park to fully ensure the supply of raw materials and finished products of enterprises in the park, and relies on and supports each other with rear enterprises, which greatly improves the competitiveness of the wharf.
Meifu wharf is constantly committed to improving safety risk control and creating a new situation of stable development. In order to cope with the global serious epidemic, the epidemic prevention and control measures have been continuously strengthened to strictly prevent the import of the epidemic; By continuously improving the safety production management level and measures, the safety of upstream and downstream production and operation is ensured; By continuously optimizing the safe operation of environmental protection facilities and equipment, various accidents such as environmental protection and safety have been eliminated. 4. Basic information of photovoltaic power generation industry
In 2021, under the joint action of policy guidance and the continuous application of new technologies, China’s photovoltaic industry continued to maintain the first position in the world in terms of production capacity, output and technical level. Photovoltaic fully implemented parity Internet access and ushered in a new round of opportunities, especially distributed photovoltaic, with new installed capacity exceeding the centralized installed capacity. This year, the National Energy Administration issued a series of policies and measures to promote the consumption and utilization of clean energy; The notice of the national development and Reform Commission and the National Energy Administration on establishing and improving the guarantee mechanism for renewable energy power consumption and the weight of renewable energy power consumption responsibilities of all provinces (regions and cities) in 2021 were printed and distributed. The consumption of clean energy was guaranteed and the utilization rate was significantly improved; The sharp rise in energy prices in the second half of the year further promoted the rapid development and efficiency improvement of photovoltaic. The annual installed capacity of distributed photovoltaic power generation was 12.583 million MW, with a year-on-year increase of 12.583 million kwh, of which the installed capacity of distributed photovoltaic power generation was 16.54 million kwh.
Main business scope:
The company mainly manufactures and sells fatty alcohol (acid), polyvinyl chloride (vinyl chloride), steam, chlor alkali, sulfonated medicine, sulfuric acid (refined sulfuric acid) and other series of products. The subsidiary operates port terminal loading and unloading, warehousing business, new energy power generation business, technical development and technical services of hydrogen energy and hydrogenation equipment.
Business model:
The company is the core enterprise of China new chemical materials (Jiaxing) park. It has established a circular economy operation mode dominated by new chemical materials and radiating the relevant industrial chain of major enterprises in the park, forming a mutually beneficial and complementary upstream and downstream operation mode. The company produces steam and electricity through cogeneration units for heating the company itself and the park. The company has chemical plants such as polyvinyl chloride (vinyl chloride), fatty alcohol (acid), chlor alkali, sulfonated medicine series products and sulfuric acid (refined sulfuric acid). The products and materials produced by the above plants form a circular supply chain with the enterprises in the park.
The company’s main products radiate in the Yangtze River Delta region, and the customer enterprises in the park realize sales through pipeline transportation; For enterprises outside the park, the main products are sold through vehicle and ship transportation; Overseas sales are mainly exported to Europe, the United States, India and other markets through ports.
Taking advantage of Haihe River intermodal transportation and the connection between the largest liquid chemical Wharf in the region and the enterprise pipeline, Meifu wharf provides wharf loading, unloading and storage services for liquid chemical and related raw materials for enterprises in the park through convenient land and water transportation.
In terms of photovoltaic power generation, the company has ground power stations and distributed power stations, which use Cecep Solar Energy Co.Ltd(000591) technology to generate electricity, and the electricity is mainly sold to the State Grid.
The hydrogen energy industry takes advantage of the company’s by-product hydrogen to produce high-purity hydrogen through purification and pressurization to meet the needs of downstream hydrogenation stations and other customers. 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 1203273647445990711833394 21.46889059507364
Net assets attributable to shareholders of listed company 901346625831775760014715 16.19696474445361
Operating income 8956869582556761751691 60.87536903430423
Net profit attributable to shareholders of listed company 180819427344130372678732 38.69122697354386
Net profit after deducting non recurring profit and loss attributable to shareholders of listed company 182078662112131991173910 37.95122177023850
Net cash flow from operating activities 177798731325141976529883 25.23141224565612
Weighted average net assets 21.38 17.38 increased by 4.00 percentage points with 18.28% yield (%)
Basic earnings per share 1.29 0.91 41.76 0.88 (yuan / share)
Diluted earnings per share 1.29 0.91 41.76 0.88 (yuan / share)
3.2 main accounting data by quarter in the reporting period
Unit: yuan currency: RMB
First quarter second quarter third quarter fourth quarter
