Orinko Advanced Plastics Co.Ltd(688219) ( Orinko Advanced Plastics Co.Ltd(688219) ) released the annual report of 2021 on April 7. In 2021, the company achieved an operating revenue of 4900932900 yuan, an increase of 18.85% over the same period last year, and achieved steady growth in sales in home appliances, automobiles and other segments; The net profit attributable to the shareholders of the company was 540506 million yuan, a decrease of 70.34% over the same period last year. The company’s performance declined significantly in 2021, mainly due to the sharp rise in the price of main raw materials in the upstream of the company, resulting in the increase of costs, and the impact of the company’s cessation of sales of epidemic prevention materials and products. The company plans to distribute a cash dividend of 0.15 yuan (including tax) for every 10 shares to all shareholders, with a total dividend of 6.8893 million yuan, accounting for 12.75% of the consolidated net profit attributable to shareholders of the listed company in the current year.
According to the annual report, with the company’s precise research and development aimed at the differentiated needs of customers and the promotion of product market application, during the reporting period, the company’s sales scale in home appliances, automobiles and segments continued to grow steadily. In the field of home appliances, through continuous iterative upgrading of products, strengthening product features, stabilizing and expanding market share, the sales revenue of home appliance materials was 29205621 million yuan, a year-on-year increase of 19.81%; In the automotive field, we focused on continuous product innovation and deeply explored market share. The sales revenue of automotive materials was 1060640600 yuan, an increase of 24.70% year-on-year. During the reporting period, the company’s products successfully entered the supply chain system of many new energy vehicle enterprises outside China and achieved mass supply; Segment areas, focus on the product application segment market, build and expand the product line of special engineering materials, and constantly expand the downstream application scenarios of products. The company achieved a sales revenue of 666432200 yuan in the segment fields including 5g communication, photovoltaic, electronic and electrical, biodegradable and so on, with a year-on-year increase of 64.50%. At the same time, focusing on the existing main business, the company will advance the layout of products in line with the general direction of national strategy and future market development trend, including biodegradable materials, special engineering materials and elastomer materials.
In addition, the company adheres to the innovation gene, adheres to the product innovation drive and forward-looking pre research, and arranges new products that meet the future market demand in advance. Through years of industry and technology accumulation, the products have formed differentiated competitive advantages in household appliances, automobiles and subdivided fields. The company made full use of its core technology and experience accumulation, strengthened the three capacity-building of product R & D capability, product realization capability and market layout capability, worked closely with downstream customers and continued to promote new products that meet customers’ needs. During the reporting period, the company invested 1928658 million yuan in R & D, an increase of 14.22% year-on-year. While continuously increasing the R & D investment in the original main business, during the reporting period, the company grasped the future development direction of materials and increased the R & D investment in green and environmentally friendly biodegradable materials and special engineering materials that need to be imported and replaced, which helped the company achieve sustainable and high-quality development.
Orinko Advanced Plastics Co.Ltd(688219) said that in 2022, the company will focus on the strategic objectives of strengthening and expanding its existing business, incubating new product lines with high added value and integrating the layout of the industrial chain. In view of the existing business, we will continue to strengthen the construction of the company’s products and platforms, achieve the objectives of upgrading and iterating old products, rapid development of new products to keep up with the market trend, studying difficulties in basic research, focusing on new fields, rapid layout of product lines, and strengthening the construction of technology development platforms, so as to strengthen and deepen the traditional market and the emerging market. For the incubation business of high value-added new product lines, focusing on the four strategic areas of digital intelligence, energy conservation and environmental protection, new energy and medical health, focusing on the direction of “neck” special new materials and new tracks, actively integrating resources for the incubation and landing of high value-added new products, focusing on carbon and building an integrated platform of “polycondensation modification”. Focus on the existing business industrial chain, carry out integrated layout, and support the company’s strategic objectives through mergers and acquisitions and foreign cooperation. Meanwhile, in 2022, the company will further strengthen the construction of organizational capacity, promote lean manufacturing, accelerate turnover efficiency, strengthen the construction of supply chain system, strengthen the construction of corporate culture and incentive mechanism, and comprehensively improve the organizational capacity and operation efficiency of the company.
