Yingkou Fengguang New Material Co., Ltd
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.
Wang Lei, the person in charge of the company, Liu Miao, the person in charge of accounting, and Liu Miao, 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.
In addition to the following directors, other directors attended the meeting of the board of directors to consider the annual report in person
Directors not present in person
Name of director not present in person name of principal
Job reasons
nothing
1. Covid-19 pneumonia epidemic brings uncertainty risk. Covid-19 epidemic is still affecting global production, life and economic operation. Under the uncertain global economic situation, the company's operation is also facing severe challenges. Although the company has launched many response measures, if it can not effectively maintain its own healthy operation, its operating performance will be affected to a certain extent. 2. Risk of rising raw material procurement costs. During the reporting period, the purchase price of the company's main raw materials rose sharply due to the impact of international commodity prices and the supply of foreign markets, which had a certain impact on the company's production and operation. The price of the company's products lags behind the price change of raw materials, so we need to pay attention to the risks caused by the rise of raw material costs. 3. Risks of environmental protection and safe production. The company uses some flammable and explosive chemical raw materials in the production process. If the company's operation and management is improper or the safety and environmental protection measures are not in place, environmental protection and safety accidents may occur, which may have an adverse impact on the company's property, personal safety of employees and the surrounding environment. In addition, although the company has been strictly implementing laws and regulations on safety and environmental protection, with the strengthening of national safety and environmental protection management, relevant standards and requirements may change. If the company cannot adapt to the corresponding changes in time, its production and development will be affected to a certain extent. 4. Risks of construction progress of raised investment projects. As a raised investment project of the company, Shaanxi aikelaite new materials Co., Ltd. is stepping up the construction. If affected by local policy changes or investment environment changes, slow development of local supporting construction, meteorological disasters, unqualified project acceptance quality, equipment suppliers' failure to deliver on time and other problems, the company will face the risk of slowing down the progress of raised investment projects. 5. Risk of market competition. The main products of the company are single agent products such as hindered phenol main antioxidant and phosphite auxiliary antioxidant. On this basis, the company has successfully developed integrated auxiliary products according to the needs of customers. At present, it is in a full competitive situation. It does not rule out that new competitors will enter the market in the future or the original competitors will increase production capacity and intensify the market competition in the industry, resulting in the decline of the sales price and quantity of the issuer's products, As a result, the gross profit margin of the product decreases, which has an adverse impact on the profitability of the issuer. In addition, if the issuer fails to maintain its advantages in technology, management, scale, brand, product upgrading and process optimization, it will face greater market competition pressure in the future. 6. The management risk of the company's rapid expansion. With the expansion of business and the continuous expansion of production and marketing scale, the company faces great challenges in production technology management, financial control management and human resource management, and puts forward higher requirements for the management team. The company will need a large number of production, management, technology and marketing personnel, which puts forward higher requirements for the planning, recruitment, training and promotion mechanism of human resources, At the same time, with the rise of the overall labor cost of the society, the human resource cost of the company may continue to grow, or it may have a certain impact on the profits of the company. 7. Risk of high customer concentration. The main customers of the company are China Petroleum & Chemical Corporation(600028) , large coal chemical enterprises such as PetroChina, Sinopec and national energy group. If the company's main customers reduce the demand for the company's products due to their own reasons or major adverse changes in the downstream market, the company's operating performance will be adversely affected.
The company's profit distribution plan approved by the board of directors is: Based on 200 million shares, to all shareholders
The shareholders will pay a cash dividend of 10.00 yuan (including tax) for every 10 shares, give 0 bonus shares (including tax), and increase 0 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
1、 Financial statements containing the signatures and seals of the person in charge of the company, the person in charge of Finance and the person in charge of the accounting institution. 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、 During the reporting period, newspapers designated by the CSRC, such as China Securities News, securities times, Securities Daily, Shanghai Securities News and information disclosure website cninfo.com (www.cn. Info. Com. CN.) The originals of all company documents and announcements publicly disclosed on the. 4、 The original copy of the 2021 annual report signed by the person in charge of the company. 5、 The place where the above documents for future reference are prepared: the office of the Secretary of the board of directors of the company.
interpretation
Explanatory item refers to the explanatory content
Fengguang Xincai, Fengguang Co., Ltd., the company, Yingkou
Yingkou Fengguang New Material Co., Ltd
Scenery
Fengguang industry refers to Yingkou Fengguang Industry Development Co., Ltd., the second largest shareholder of the company
Fengguang partnership refers to Yingkou Fengguang enterprise management consulting center (limited partnership)
Akulet and Yulin company refer to Shaanxi akulet new materials Co., Ltd., the holding subsidiary of the company
Bestward and Dalian Company refer to bestward (Dalian) Petrochemical Co., Ltd., a wholly-owned subsidiary of the company
Sinopec refers to China Petroleum & Chemical Corporation(600028) and its subsidiaries
PetroChina refers to Petrochina Company Limited(601857) and its subsidiaries
National energy group refers to National Energy Investment Group Co., Ltd. and its subsidiaries
China Coal Energy Company Limited(601898) refers to China Coal Energy Company Limited(601898) and its subsidiaries
Kingfa Sci.& Tech.Co.Ltd(600143) refers to Kingfa Sci.& Tech.Co.Ltd(600143) , a well-known manufacturer of modified plastics in China and A-share listed company
Rianlon Corporation(300596) , China's well-known anti aging additives manufacturer, A Rianlon Corporation(300596) refers to
Shenzhen Stock Exchange GEM listed companies
Red Avenue New Materials Group Co.Ltd(603650) , a famous manufacturer of special rubber additives in China, a share Red Avenue New Materials Group Co.Ltd(603650) refers to
Listed companies on the main board of Shanghai Stock Exchange
The board of directors refers to the board of directors of Yingkou Fengguang new materials Co., Ltd
The board of supervisors refers to the board of supervisors of Yingkou Fengguang new materials Co., Ltd
The general meeting of shareholders refers to the general meeting of shareholders of Yingkou Fengguang new materials Co., Ltd
CSRC and CSRC refer to the China Securities Regulatory Commission
Exchange refers to Shenzhen Stock Exchange
NDRC refers to the national development and Reform Commission
MIIT refers to the Ministry of industry and information technology 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
Sponsor, sponsor, lead underwriter, China Securities Co.Ltd(601066) refers to China Securities Co.Ltd(601066)
Guofeng refers to Beijing Guofeng law firm
Certified Public Accountants and Grant Thornton refer to Grant Thornton Certified Public Accountants (special general partnership)
The reporting period refers to 2021
Synthetic polymer materials, including plastics, synthetic rubber, coatings, chemical fibers and adhesive polymer materials
Agents, five categories of materials, and other polymer matrix composites
In order to improve the processing properties of polymer materials such as plastics and rubber, improve physical and mechanical properties, enhance the function of chemical additives of polymer materials, or give polymer materials some unique application properties, various auxiliary substances added to the target polymer material system are usually called chemical additives
A thermoplastic resin made by polymerization of ethylene.
Polyethylene is the simplest polymer in structure and the most widely used polymer material. Polyethylene is odorless, non-toxic and feels like wax. It has excellent low temperature resistance (the minimum service temperature can reach - 100 ~ - 70 ℃) and good chemical stability. Polyethylene and PE can resist the erosion of most acid and alkali (not oxidizing acid). It is insoluble in general solvents at room temperature, with small water absorption and excellent electrical insulation. It is widely used to make films, packaging materials, containers, pipes, monofilaments, wires and cables, daily necessities, etc., and can be used as high-frequency insulating materials for TV, radar, etc
A semi crystalline thermoplastic, widely used in industry, is one of the common polymer materials. It has high impact resistance, strong mechanical properties, resistance to a variety of organic solvents and acid-base corrosion. It is white, translucent, waxy and lighter than polyethylene when not colored; Transparency polypropylene, PP
