Securities code: Hunan Yussen Energy Technology Co.Ltd(002986) securities abbreviation: Hunan Yussen Energy Technology Co.Ltd(002986) Announcement No.: 2022034 Hunan Yussen Energy Technology Co.Ltd(002986)
Annual report for 2021
April 2022
Section I important tips, contents and definitions
The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee that the contents of the annual report are true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint legal liabilities.
Hu Xiannian, the person in charge of the company, Zhou Liping, the person in charge of accounting, and Zhou Liping, the person in charge of the accounting organization (Accounting Supervisor), declare that they guarantee the authenticity, accuracy and completeness of the financial report in this annual report.
All directors have attended the meeting of the board of directors to consider this report.
Risk tips for forward-looking statements such as future plans involved in the annual report:
1. Risk that butanone and PBAT units cannot be put into trial production as scheduled. Butanone and PBAT projects are planned to be completed and put into operation this year, but there is still the possibility that the construction period of the project will be extended due to the impact of covid-19 pneumonia. In addition, the increasingly strict national supervision on project safety and environmental protection may also lead to the corresponding extension of the preparation and filing time of project safety trial production. Therefore, there is a risk that butanone and PBAT units cannot be trial production on schedule.
2. The construction progress of the comprehensive utilization of hydrocarbons in phase I is less than the expected progress. Phase I of the light hydrocarbon comprehensive utilization project has been officially launched, the project land has been obtained, the project has been approved and filed, and the project will be promoted in an orderly manner as planned. However, the current national policies of “double carbon” and “energy conservation and consumption reduction” may have an impact on the approval and construction of new projects. The relevant approval work is more strict, resulting in the extension of time, and there is a risk that the construction progress of phase I of light hydrocarbon comprehensive utilization project is less than expected.
3. Risk of product market changes. The products involved in the projects that the company is building and plans to build are evaluated based on historical market data, but the market is affected by many factors, and there is a risk that the profits of each product will be less than expected due to significant changes in the market in the future.
4. The planned project faces the risks of policy changes and the failure to implement the supporting facilities in the park. The company signed the investment agreement of Yuxin light hydrocarbon comprehensive utilization project with the people’s Government of Huidong County and the Management Committee of Huizhou Daya Bay New Area in November 2020. The investment agreement involves several planning projects. At present, the first project of comprehensive utilization of light hydrocarbons and phase I project have been under construction and started, but the relevant industrial supporting facilities of Huizhou new materials industrial park have yet to be implemented; If the national policy changes, the later planning projects involved in the investment agreement also have the risk of failure to build.
5. Safety production and environmental protection risks. The company is mainly engaged in the production of LPG deep-processing products. The main raw materials and main products belong to flammable and explosive dangerous chemicals, and the production plant of the company has a high degree of automation. The closed and continuous production mode is adopted. If the plant stops due to an accident, it will have a great impact on the production and operation of the company. Although the company has always regarded safety production as the top priority, it still can not rule out unexpected safety accidents caused by equipment failure, goods storage, improper production operation and natural disasters, so that the company’s production and operation faces safety risks. In addition, as a producer of LPG deep-processing products, the company will produce a certain amount of wastewater, waste gas and solid waste in the production process. With the transformation of China’s economic growth model and the full implementation of sustainable development strategy, the national and local governments may issue newer and stricter environmental protection regulations and improve environmental protection standards. Therefore, the company may need to further increase capital and technology investment, Business pressure and costs will increase accordingly. If the company cannot adapt to policy changes in time, production and development will be adversely affected.
6. Covid-19 risk caused by the outbreak of pneumonia. Since the outbreak of covid-19 pneumonia in 2020, the production and life of most countries and regions in the world have been affected to varying degrees. Although the epidemic situation in China has been basically controlled and all sectors of the national economy have gradually resumed normal production and operation, the risk of rebound of the epidemic still exists. If the covid-19 pneumonia epidemic spreads and escalates further worldwide in the future, it may bring uncertainty to the company’s procurement, production and sales, which may have an adverse impact on the company’s performance.
The company’s profit distribution plan reviewed and approved by the board of directors is: taking 158676000 as the base, distribute cash dividend of 1.00 yuan (including tax) to all shareholders for every 10 shares, give bonus shares of 0 shares (including tax), and increase 4 shares for every 10 shares to all shareholders with capital reserve.
catalogue
Section I important tips, contents and definitions Wrong! No bookmarks defined. Section II Company Profile and main financial indicators Wrong! No bookmarks defined. Section III Management Discussion and Analysis Wrong! No bookmarks defined. Section IV corporate governance Wrong! No bookmarks defined. Section V environmental and social responsibility Wrong! No bookmarks defined. Section VI important matters Wrong! No bookmarks defined. Section VII changes in shares and shareholders Wrong! No bookmarks defined. Section 8 preferred shares Wrong! No bookmarks defined. Section IX relevant information of bonds Wrong! No bookmarks defined. Section x financial report Wrong! No bookmarks defined.
Directory of documents for future reference
(I) financial statements containing the signatures and seals of the person in charge of the company, the person in charge of accounting work and the person in charge of the accounting organization (the person in charge of Accounting). (II) the original of the audit report with the seal of the accounting firm and the signature and seal of the certified public accountant. (III) originals of all company documents and announcements publicly disclosed on the website designated by the CSRC during the reporting period.
interpretation
Content of interpretation
The company, the company, Yuxin stock index Hunan Yussen Energy Technology Co.Ltd(002986) shares, parent company, joint stock company
Yuxin chemical refers to Huizhou Yuxin Chemical Co., Ltd
Yuxin new material refers to Huizhou Yuxin New Material Co., Ltd
Boke new material refers to Huizhou Boke environmental protection new material Co., Ltd
Boke Huijin refers to Huizhou Boke Huijin Investment Consulting partnership (limited partnership)
Boke HuiFu refers to Huizhou Boke HuiFu investment consulting partnership (limited partnership)
CNOOC refers to CNOOC
CNOOC shell refers to CNOOC Shell Petrochemical Co., Ltd
PetroChina refers to Petrochina Company Limited(601857) Natural Gas Group Co., Ltd
Sinopec refers to Petrochina Company Limited(601857) Chemical Group Co., Ltd
CNOOC Huizhou Petrochemical refers to CNOOC Huizhou Petrochemical Co., Ltd., a wholly-owned subsidiary established by CNOOC refining and Chemical Co., Ltd. in Huizhou Daya Bay petrochemical zone.
Company Law refers to the current company law of the people’s Republic of China
Securities Law refers to the current securities law of the people’s Republic of China
The articles of association refers to the Hunan Yussen Energy Technology Co.Ltd(002986) articles of association
Shareholders and general meeting of shareholders refer to Hunan Yussen Energy Technology Co.Ltd(002986) shareholders and general meeting of shareholders
Directors and board of directors refer to Hunan Yussen Energy Technology Co.Ltd(002986) directors and board of directors
Supervisors and the board of supervisors refer to Hunan Yussen Energy Technology Co.Ltd(002986) supervisors and the board of supervisors
CSRC refers to the China Securities Regulatory Commission
National Development and Reform Commission refers to the national development and Reform Commission of the people’s Republic of China
Ministry of science and technology means the Ministry of science and technology of the people’s Republic of China
Ministry of industry and information technology means the Ministry of industry and information technology of the people’s Republic of China
The reporting period refers to the period from January 1, 2021 to December 31, 2021
Liquefied petroleum gas, liquefied gas, refers to a by-product produced in the process of mining or refining petroleum. The main components are C 3 and C 4. Due to the low boiling point of LPG, it is a colorless gas or yellowish brown oily liquid under specific temperature and pressure conditions.
Carbon three (C3) refers to hydrocarbons with three carbon atoms, which are usually gaseous and commonly used as fuel for engines, barbecue food and household heating systems; Propylene is an important chemical raw material.
C4 refers to hydrocarbons with four carbon atoms, which is an important by-product in the process of petroleum refining.
Mixed C4 refers to the by-product of high-temperature cracking or catalytic cracking of petroleum hydrocarbons. It is a hydrocarbon mixture containing four carbon atoms. The main components are butadiene, n-butene, isobutene, n-butane and isobutane.
LPG containing isobutylene in the component can be divided into pyrolysis C4 and refinery C4. Cracked C4 is the residual C4 after C4 finger before butadiene ether extraction in ethylene unit, also known as raffinated C4. The content of isobutene is high, mostly 40-60%; C4 in refinery is the gas separated from propylene and propane by gas separation unit, containing 10-15% isobutene, 35-45% n-butene, 25-30% isobutane and 5-10% n-butane.
C4 after ether refers to the remaining C4 after reacting the isobutene in C4 before ether. The main components are 1-butene, cis-2-butene, trans-2-butene, butane, etc.
Isooctane refers to an isomer of octane. It is a pure alkane with high octane number, no sulfur or low sulfur, no olefins and no aromatics. It is an ideal component of blended clean gasoline.
Methyl tert butyl ether (MTBE) is a colorless, transparent, high octane liquid with ether like odor. It is an ideal raw material for the production of lead-free, high octane and oxygenated gasoline.
SEC butyl acetate (SBAC) refers to a chemical raw material, which is mainly used as solvent, chemical reagent and modulation spice.
Isopropanol, also known as 2-propanol, is an organic compound, isomer of n-propanol. It is an important chemical product and raw material. It is mainly used in pharmacy, cosmetics, plastics, spices, coatings, etc.
Isomerization refers to the process of changing the structure of a compound without changing its molecular weight. It generally refers to the change of the position of atoms or groups in the molecules of organic compounds, but its composition and molecular weight do not change. It is often carried out in the presence of catalysts.
Alkylation refers to the reaction process of introducing alkyl into organic molecules by addition or substitution reaction.
Hydrocarbon refers to hydrocarbon, that is, an organic compound composed of only carbon atoms and hydrogen atoms, including alkanes, olefins, alkynes, etc.
Alkane refers to a kind of hydrocarbon organic compound, and the ratio of carbon atom and hydrogen atom in its molecular formula is CnH2n + 2.
Olefin refers to a hydrocarbon organic compound, and the ratio of carbon atom and hydrogen atom in its molecular formula is CnH2n.
Ethers and ethers refer to organic compounds whose molecular formula contains two hydrocarbon groups connected by one oxygen atom.
Esters and esters refer to organic compounds formed by the chemical reaction between acids (carboxylic acids or inorganic oxygenated acids) and alcohols.
A gaseous organic substance with chemical molecular formula of C3H6, colorless, slightly sweet, flammable and explosive, insoluble in water and soluble in organic propylene, refers to solvent; It is the basic raw material of the three synthetic materials. It is mainly used to produce polypropylene, acrylonitrile, isopropanol, acetone and propylene oxide.
Propane refers to a gaseous organic substance with the chemical molecular formula of C3H8. It is collected as petroleum gas during oil exploitation and refining and the cracking and catalytic cracking of petroleum fractions. Mainly used as fuel.
Butene refers to a gaseous organic substance with the chemical molecular formula of C4H8. It is colorless, has a weak aromatic smell, flammable and explosive, insoluble in water and soluble in organic solvents.
N-butene refers to an isomer of butene, one of the C4 components after ether.
Isobutylene refers to 2-methylpropene, one of the four components of ether precursor, which can be etherified with methanol to produce methyl tert butyl ether.
N-butane refers to a colorless gas, insoluble in water, soluble in alcohol and chloroform, flammable and explosive. It is used as solvent, refrigerant and raw material of organic synthesis.
Acetone refers to the simplest saturated ketone, also known as dimethyl ketone, which is a
