Guangdong Songyang Recycle Resources Co.Ltd(603863) ( Guangdong Songyang Recycle Resources Co.Ltd(603863) ) the annual report of 2021 was released on the evening of March 30. Last year, the company achieved an operating revenue of 597 million yuan, an increase of 19.67% over the same period of the previous year; The net profit attributable to the shareholders of the listed company was 8.8738 million yuan, a decrease of 88.42% over the same period last year. Last year, the company completed the construction of the IPO raised investment project “180000 tons of environmental protection recycled paper project” and officially put into operation.
According to the announcement, in 2020 Guangdong Songyang Recycle Resources Co.Ltd(603863) there was an event of non operating fund occupation. After finding that the company had an event of non operating fund occupation, the company attached great importance to it, immediately strengthened normative education, and put forward rectification measures such as improving the company’s internal control process, strengthening supervision mechanism and establishing punishment mechanism, so as to effectively maintain the company’s independence and prevent fund occupation. After a year of rectification and continuous improvement, the company’s internal management mechanism has been continuously improved and the management level has been continuously improved. At the same time, it has also effectively promoted the improvement of labor productivity and work efficiency.
During the reporting period, the company completed the construction and officially put into operation of the “180000 tons per year environmental protection recycled paper project” invested by the funds raised from the initial public offering. The project mainly constructs an 180000 tons per year environmental protection recycled paper production line for the production of high-strength corrugated raw paper. After the production line with an annual output of 180000 tons of high-strength corrugated base paper is completed and put into operation, it complements the market gap around the company, enriches the types of packaging paper products, diversifys products, further expands production capacity and pre-sale objectives, enhances the market competitiveness of the company and improves the anti risk ability of the company.
