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.
Song Xiquan, the person in charge of the company, Gu Yumei, the person in charge of accounting, and Lu Guoqi, 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.
The future plans and other forward-looking statements involved in this report do not constitute the company’s substantive commitment to investors. Investors and relevant persons should maintain sufficient risk awareness and understand the differences between plans, forecasts and commitments.
The risk factors of the company mainly include the risk of rising production costs, the risk of product price fluctuation and the risk of intensified market competition. For the main risk factors and the company’s response measures, please refer to “Xi. Outlook for the future development of the company” in Section III “management discussion and analysis” of this report for investors’ attention. The company’s profit distribution plan reviewed and approved by the board of directors is: take 684394502 as the base, distribute cash dividends of RMB 5.00 (including tax) to all shareholders for every 10 shares, send bonus shares of 0 (including tax), and do not use the accumulation fund to increase the share capital.
catalogue
Section I important tips, contents and definitions Section 2 company profile and main financial indicators Section III Management Discussion and Analysis Section IV corporate governance 38 Section V environmental and social responsibility 56 section VI important matters Section VII changes in shares and shareholders 77 Section VIII preferred shares 87 section IX relevant information of bonds 88 section x financial report eighty-nine
Directory of documents for future reference
1、 The financial statements containing the signatures and seals of the legal representative of the company, the person in charge of accounting and the person in charge of accounting organization (Accounting Supervisor).
2、 The original of the audit report with the seal of the accounting firm and the signature and seal of the certified public accountant.
3、 Originals of all company documents and announcements publicly disclosed during the reporting period.
4、 The original of 2021 annual report signed by the legal representative of the company.
The above documents shall be kept in the Securities Department of the company for future reference.
interpretation
Explanatory item refers to the explanatory content
The company, the company and Yantai Tayho Advanced Materials Co.Ltd(002254) refer to Yantai Tayho Advanced Materials Co.Ltd(002254)
Controlling shareholder and Guofeng holding refer to Yantai Guofeng Investment Holding Group Co., Ltd
Taihe Group refers to Yantai Yantai Tayho Advanced Materials Co.Ltd(002254) Group Co., Ltd
Actual controller, Yantai SASAC refers to the state owned assets supervision and Administration Commission of Yantai Municipal People’s government
Yutai investment refers to Yantai Yutai Investment Co., Ltd., formerly known as “Yantai Yutai Investment Co., Ltd.”
Guosheng investment refers to Yantai Guosheng Investment Holding Co., Ltd
Yuxing paper products refer to Yantai Yuxing paper products Co., Ltd
Xinghua spandex refers to Yantai Xinghua spandex Co., Ltd
Yuxiang chemical refers to Yantai Yuxiang Fine Chemical Co., Ltd
Taipulong advanced manufacturing refers to Yantai taipulong Advanced Manufacturing Technology Co., Ltd
Taixiang property and taixiang company refer to Yantai taixiang Property Management Co., Ltd., formerly known as “Yantai taixiang Investment Co., Ltd.”
Taihe fashion refers to Yantai Taihe Fashion Technology Co., Ltd
Ningxia Ningdong Taihe company, Ningxia Ningdong Yantai Tayho Advanced Materials Co.Ltd(002254) , Ningxia Ningdong Yantai Tayho Advanced Materials Co.Ltd(002254) Co., Ltd
Ningdong Yantai Tayho Advanced Materials Co.Ltd(002254)
Ningxia Taihe Aramid Fiber Co., Ltd. and Ningxia Taihe aramid fiber refer to Ningxia Taihe Aramid Fiber Co., Ltd
Minstar refers to Yantai minstar Special Paper Co., Ltd
Engineering materials company refers to Yantai Taihe Engineering Materials Co., Ltd
Ningxia taipulong company refers to Ningxia taipulong Advanced Manufacturing Technology Co., Ltd
Jingwei intelligent technology and Jingwei Company refer to Yantai Jingwei Intelligent Technology Co., Ltd
Guangrui testing and Guangrui company refer to Shandong Guangrui Testing Technology Service Co., Ltd
Newstar spandex refers to Yantai Newstar spandex Co., Ltd
Sales company refers to Yantai Yantai Tayho Advanced Materials Co.Ltd(002254) Sales Co., Ltd
Company Law refers to the company law of the people’s Republic of China
Securities Law refers to the securities law of the people’s Republic of China
CSRC refers to the China Securities Regulatory Commission
Shandong Securities Regulatory Bureau refers to the Shandong regulatory bureau of China Securities Regulatory Commission
Shenzhen stock exchange refers to Shenzhen Stock Exchange
Directors and board of directors refer to the directors and board of directors of the company
Supervisors and board of supervisors refer to the supervisors and board of supervisors of the company
Newstar refers to the spandex product brand of the company, and its foreign brand is Newstar
Taimeida refers to the inter position aramid (commonly known as Aramid 1313) product brand of the company, and its foreign brand still continues to use the original Newstar
Typlon refers to the brand of the company’s counterpart aramid (commonly known as aramid 1414), and its foreign brand is taparan
Minstar refers to the aramid paper product brand of Yantai minstar Special Paper Co., Ltd., and its foreign brand is MetaStar
Letme refers to the brand of intelligent luminous fiber products of Yantai Jingwei Intelligent Technology Co., Ltd., and its foreign brand is litme
Yuan means RMB yuan
The reporting period refers to 2021
MDI refers to diphenylmethane diisocyanate, one of the main raw materials for the production of spandex.
PTG / PTMG / PTMEG refers to polytetrahydrofuran (polytetramethylene ether glycol), one of the main raw materials for the production of spandex.
BDO refers to 1,4-butanediol, raw material upstream of PTMEG.
DMAC refers to dimethylacetamide, a solvent for spandex production.
Diamine refers to the general name of 1,3-phenylenediamine (m-phenylenediamine) and 1,4-phenylenediamine (p-phenylenediamine), which is one of the main raw materials for the production of aramid fiber.
Acyl chloride refers to the general name of m-phthaloyl chloride and p-phthaloyl chloride, which is one of the main raw materials for the production of aramid fiber.
Section II Company Profile and main financial indicators
1、 Company information
Stock abbreviation Yantai Tayho Advanced Materials Co.Ltd(002254) stock code Yantai Tayho Advanced Materials Co.Ltd(002254)
Shenzhen Stock Exchange
Chinese name of the company Yantai Tayho Advanced Materials Co.Ltd(002254)
Chinese abbreviation of the company Yantai Tayho Advanced Materials Co.Ltd(002254)
Foreign name of the company (if any) Yantai tayho Advanced Materials Co., Ltd
Abbreviation of the company’s foreign name (e.g
(yes) Yantai tayho
The legal representative of the company is song Xiquan
Registered address: No. 10, Heilongjiang Road, Yantai Economic and Technological Development Zone
Postal code of registered address 264006
The company’s registered address has not changed in history
Office address: No. 10, Heilongjiang Road, Yantai Economic and Technological Development Zone
Postal code of office address: 264006
Company website: www.tayho.com com. cn.
E-mail [email protected].
2、 Contact person and contact information
Secretary of the board of directors and securities affairs representative
Name: Dong Xuhai, Liu Jianning
Contact address: No. 10, Heilongjiang Road, Yantai Economic and Technological Development Zone, No. 10, Heilongjiang Road, Yantai Economic and Technological Development Zone
Tel: 05356394123
Fax: 05356394123
E-mail [email protected]. [email protected].
3、 Information disclosure and preparation location
The website of the stock exchange where the company discloses the annual report Shenzhen Stock Exchange http://www.szse.cn./
China Securities Journal http://www.cs.com.cn. Securities Times http://www.stcn.com. . media name and website of the annual report disclosed by the last company http://www.cn.stock.com. Securities Daily http://www.zqrb.cn. , http / / www.cninfo.com http://ww
