Securities code: Dongguan Winnerway Industry Zone Ltd(000573) securities abbreviation: yuehongyuan a Announcement No.: 2022009 Dongguan Winnerway Industry Zone Ltd(000573) 2021 annual report summary
1、 Important note: 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 carefully read the full text of the annual report in the media designated by the CSRC. In addition to the following directors, other directors attended the meeting of the board of directors to review the annual report in person □ applicable √ not applicable to the prompt of non-standard audit opinions □ applicable √ not applicable to the profit distribution plan of ordinary shares or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors √ applicable □ not applicable whether to convert accumulation fund into share capital □ yes √ no
The company's profit distribution plan for ordinary shares reviewed and approved by the board of directors is: take 638280604 shares as the base, distribute cash dividends of 1.00 yuan (including tax) to all shareholders for every 10 shares, send bonus shares of 0 shares (including tax), and do not use the accumulation fund to increase the share capital. Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation: yuehongyuan a stock code: Dongguan Winnerway Industry Zone Ltd(000573)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Yan guogen, Zhu Yulong
Office address: 16th floor, Hongyuan building, Hongyuan Industrial Zone, Dongguan City, Guangdong Province 16th floor, Hongyuan building, Hongyuan Industrial Zone, Dongguan City, Guangdong Province
Fax (0769) 22412655 (0769) 22412655
Tel: (0769) 22412655 (0769) 22412655
E-mail 057321cn.com. 057321cn.com.
2. Introduction to main business or products during the reporting period
During the reporting period, there was no significant change in the company's main business, main products and their uses, business model and main performance drivers. The company is a listed company with real estate development as its main business, as well as lead containing waste recycling and utilization, raw coal mining and sales, plant leasing in industrial areas and hydropower engineering construction. Its main products and services include residential buildings, shops, parking spaces, recycled lead, raw coal, plant leasing in industrial areas, hydropower installation and maintenance services.
① Real estate
The real estate business of the company mainly includes real estate development and operation, urban comprehensive development, real estate planning and sales agency. Its products include foreign houses, villas, apartments, parking spaces, shops, etc. Hongyuan real estate, a wholly-owned subsidiary, has intensively cultivated Dongguan real estate market for many years. Over the years, it has launched a series of high-quality and well-known real estate projects, such as Hongyuan garden, Jinfeng garden, Jiangnan aristocratic family, Jiangnan Yazhu, Jiangnan first city, vitality Kangcheng, Kangcheng holiday, Yuting mountain and diting mountain. It has been rated as an advanced enterprise unit for comprehensive real estate development for many consecutive years, and its brand is well-known in Dongguan real estate market. In addition to independent development, in recent years, the company has also actively strengthened project cooperation with industry benchmark enterprises by investing in Hongyuan, a wholly-owned subsidiary, in the form of participating in joint land bidding, project capital increase and share expansion. At present, the company's real estate business is mainly distributed in Dongguan, and there are also individual projects in Huizhou and Kunshan, Jiangsu.
In 2021, geopolitical risks continued to superimpose the ups and downs of covid-19 epidemic, and the external environment became more severe and complex. Adhering to the scientific and overall promotion of epidemic prevention and control and coordinated economic and social development, China's economy as a whole showed a good momentum of recovery. China's GDP increased by 8.1% year-on-year and an average growth of 5.1% in two years. The main performance drivers of the real estate industry are the development of urban economy, the flow of urban population, the trend of real estate regulation policies and so on. In 2021, Dongguan ranked among the "double ten thousand" cities with a GDP of one trillion and a population of ten million. The economic development of the whole year maintained a steady and sound recovery trend. The regional GDP increased by 8.2% year-on-year and 4.6% on average in the two years. Among them, investment in real estate development increased by 11.7%, with an average growth of 10.5% in the two years. As one of the hot real estate cities in the early stage, Dongguan conscientiously implemented the main responsibility of the city in 2021, and a series of policies were successively issued to comprehensively tighten the real estate policy. In February, the notice on Further Strengthening the regulation of the real estate market (Dongjian [2021] No. 6) issued by the "227" new deal of Dongguan City. The policy further tightened the regulation of the real estate market from the aspects of extending the service life of social security, increasing the proportion of down payment and strengthening the guidance of new house filing price. In March, the high priced houses were opened, and the reservation was queued for online signing; Optimize the application conditions for pre-sale permits of commercial housing and speed up the supply of commercial housing. In April, the notice on Further Strengthening the sales price guidance of new commercial housing (dongjianfang [2021] No. 4) was issued to actively guide enterprises to set prices scientifically and reasonably and strictly control the price increase of projects on sale. In August, the notice on further improving the regulation and control of the real estate market (Dongjian [2021] No. 11) was issued. In view of the new situations and problems in the real estate market, the policy strengthened the regulation and control from the aspects of land auction rules, housing purchase restriction measures, real estate financial management, tax regulation and so on. In October, the reference price release mechanism for second-hand housing transactions in Dongguan was promulgated and implemented to standardize the trading order of the second-hand housing market. After the introduction of a series of regulatory policies, the rigid expectation of house price rise in Dongguan has weakened, the market has cooled significantly, and the transaction scale of new and second-hand housing market has shrunk. Among them, the online contracted sales area of new commercial housing in the whole year was 6.6673 million square meters, a year-on-year decrease of 25.5%.
In view of the continuous increase in the current round of regulation and control policies in Dongguan, the company firmly followed the business strategy of steady operation and sustainable development during the reporting period. In terms of sales, we did a good job in the projects on sale, revitalized the inventory and accelerated the return of funds. The sales of diting Mountain project made good progress during the year; In terms of development, promote the construction of times international project and ensure the sustainable development ability of the company in the regional market. In addition, the company strengthened the cooperation among real estate enterprises. During the reporting period, Hongyuan investment company participated in the capital increase and share expansion of Dongguan Houjie Vanke yishanyue garden project for cooperative development.
② Recycled lead
Yingde Xinyu company holds the "hazardous waste operation license" issued by Guangdong Environmental Protection Department and the "pollutant discharge license of Guangdong Province" issued by Yingde Environmental Protection Bureau. It has complete legal production qualification licenses. It is mainly engaged in the recycling of lead containing waste and the production of recycled lead. It is a large-scale recycled lead enterprise in Guangdong Province. Its processing capacity includes: collection, storage Lead containing wastes (384004-31 and 900052-31 in hw31) and non-ferrous metal mining, beneficiation and smelting wastes (321004-48, 321010-48, 321013-48, 321014-48, 321016-48, 321019 ~ 022-48, 321027-48 and 321029-48 in hw48) are used for a total of 137000 tons / year (including 100000 tons / year of waste lead storage battery). The main products include crude lead and refined lead. Recycled lead products are applicable to industries such as lead-acid batteries, coatings, sectors and alloys. Among them, lead-acid batteries are the main downstream consumption areas of lead. The main performance drivers of recycled lead business are the changes of environmental protection policies, the development of industry norms, the demand changes of lead downstream enterprises, etc.
The production mode of Yingde Xinyu company is that the collected waste lead-acid batteries are crushed and sorted, and the screened grids are input into the oxygen enriched side blowing furnace to produce crude lead. The collected lead-containing materials are input into the sulfur fixing reduction smelting furnace after batching, and then the crude lead, matte and water slag are produced. The sales mode is direct selling, specifically using spot sales, point price sales, monthly long order and other sales methods. Combined with different sales regions and consumption conditions, reference pricing shall be made with reference to the price trend of lead products in LME and the price of lead published by Shanghai Futures Exchange or relevant metal commodity networks (such as SMM, Shanghai Nonferrous Metals network, etc.).
Process flow of main products: after separating waste sulfuric acid, the waste lead-acid battery obtains polypropylene, hard plastic, partition, lead paste and grid through the automatic crushing and sorting system; The grid is naturally dried after stacking, and the crude lead and slag are produced after smelting in the grid smelting furnace, and the crude lead and iron matte are produced after smelting in the oxygen enriched side blowing furnace. Among them, the crude lead continues to be melted to the alloy liquid and then cast the ingot. After heating and melting in the lead alloy configuration pot, tin, calcium and other alloy elements are added to adjust the composition to obtain lead scum and qualified lead alloy liquid. The lead alloy liquid is cast by the lead alloy ingot casting unit; Raw and auxiliary materials such as slag, lead scum, lead paste, lead dust and iron filings are proportioned and mixed by loader respectively, and then dried through brick making mechanism. After natural drying, the dry pellets and coke are melted in reduction sulfur fixing smelting furnace to produce slag, iron matte and crude lead.
During the reporting period, the newly expanded capacity of the renewable lead industry in the early stage was released one after another, but the consumption in the downstream market was insufficient and the lead price rose weakly due to overcapacity. In addition, the prices of raw materials and fuels rose during the year, the gross profit margin was under pressure, and the low profit of the renewable lead industry became the norm. According to the information of the raw materials industry department of the Ministry of industry and information technology, in 2021, China's lead output was 7.365 million tons, a year-on-year increase of 11.2%, and the average spot price of lead was 15278 yuan / ton, a year-on-year increase of 3.4%. During the reporting period, Yingde Xinyu company continued to optimize workshop processes and processes, actively promoted technological transformation, and made efforts to give consideration to economic and environmental benefits; The sales side flexibly uses futures hedging means to effectively hedge the price risk of spot production. In 2021, Yingde Xinyu company recovered 133933467 tons of waste lead-acid batteries and 9118929 tons of other waste residues, produced 8277475 tons of crude lead and 19833868 tons of refined lead, sold 189177 tons of crude lead and 19584658 tons of refined lead, and had 352329 tons of crude lead and 281.97 tons of refined lead at the end of the period.
During the reporting period, the layout and construction of hazardous waste collection system of Yingde Xinyu company achieved phased results. Among them, Yingde Xinyu Huizhou Branch has obtained a one-year hazardous waste business license, and the approved business scope is to collect and store 38300 tons of lead-containing waste (900052-31 in hw31 category, only waste lead-acid batteries) (the maximum storage capacity is 153.3 tons); Zhanjiang Xinyu Shengrui company has obtained a one-year hazardous waste operation license for waste mineral oil, and its business scope is to collect and store 10000 tons / year of waste mineral oil (hw08 900214-08, 900199-08, 900249-08) generated in motor vehicle and other mechanical maintenance activities; Gonglian Xinyu company has obtained a one-year hazardous waste operation license and approved the operation: collecting and storing lead-containing waste (900052-31 in hw31 category, only waste lead battery) 50000 tons / year (maximum storage capacity 300 tons); The application for one-year hazardous waste business license of Yangjiang xinyumingchen company has been reviewed and approved by Yangjiang Ecological Environment Bureau, and has been publicized for issuance. The approved category of hazardous waste: 9000 tons / year of waste mineral oil and mineral oil containing waste (900214-08 in hw08).
③ Coal
The company has two subordinate mines, coal ditch coal mine and walnut Ping Coal Mine, mainly engaged in coal mining and sales. The raw coal of minable coal seams in meiguigou coal mine is mainly low to medium ash, ultra-low to medium sulfur and low to ultra-low phosphorus bituminous coal. Each minable coal seam can be used as coking, industrial power, civil heating, general industrial boilers, vaporization and other coal. As of August 31, 2016, the benchmark date of reserves evaluation, the verified coking coal resource reserves within the reserved mining area of meigou coal mine are 99.93 million tons, including 99.41 million tons of retained resource reserves (qgtzbz [2017] No. 48). It is a kind of high-quality coal with low sulfur and medium ash, which is suitable for coking coal mines. As of August 31, 2020, the benchmark date of reserves evaluation, the verified coking coal resource reserves within the reserved mining area of Hetaoping coal mine are 324288 million tons, including 29.65 million tons of retained resource reserves (qnzkuzi [2020] No. 246). The coal mine in meigou and Hetaoping were originally 150000 T / a coal mines. Our company followed the coal mine merger and reorganization policy of Guizhou Province to promote coal mine integration. During the reporting period, the two mines focused on the expansion of 450000 T / a coal mines and did not carry out mining production. During the reporting period, the company did not carry out mineral exploration activities in coal mines.
In 2021, the overall economic performance of China's coal industry was stable and good, and the coal price gradually returned to a reasonable level. The output of raw coal reached 4.07 billion tons, a year-on-year increase of 4.7%. The two coal mines under the company, meigou coal mine and Hetaoping coal mine, were originally 150000 T / a coal mines. Our company followed the coal mine merger and reorganization policy of Guizhou Province to promote the integration of coal mines. During the reporting period, the two mines focused on the expansion of 450000 T / a coal mines and did not carry out mining production. Hetaoping coal mine is in the application stage of 450000 T / a mining license. During the year, it mainly completed the review and filing of the green development and utilization scheme of coal mine mineral resources, the review of the expert group on the "two design" reports of the coal mine safety facilities design and preliminary design, and the change report of 450000 T / a mining license. At the end of 2020, meijingou coal mine has obtained 450000 T / a mining license. During the reporting period, it mainly followed up the land lease of the new industrial square of the coal mine and handled the independent legal person matters. In January 2022, meijingou coal mine has completed the handling of the independent legal person matters. The mining certificate of the coal mine has been transferred to Guizhou Hongtai Mining Co., Ltd. and the name of the mine has been changed to: meijingou coal mine, Xinfa Township, Weining County, Guizhou Hongtai Mining Co., Ltd, The coal mine in Xinfa Township, Weining County of the former Guizhou Hongxi Mining Co., Ltd. completed the cancellation of registration on January 29, 2022.
(Note: the above economic data and industry data are collected from the websites of the National Bureau of statistics, Dongguan Bureau of statistics and the Ministry of industry and information technology) 3. Main accounting data and financial indicators (1) whether the company needs to retroactively adjust or restate the accounting data of previous years in recent three years □ yes √ no
