Company code: Shareate Tools Ltd(688257) company abbreviation: Shareate Tools Ltd(688257) Shareate Tools Ltd(688257)
Annual report for 2021
Important tips
1、 The board of directors, board of supervisors, directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and integrity of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 2、 Unprofitable and unprofitable when the company is listed □ yes √ no III. tips on major risks
The company has elaborated various risks that the company may face in the process of production and operation in this report. Please refer to "IV. risk factors" in "section III Management Discussion and analysis". Please pay attention to investment risks. 4、 All directors of the company attended the board meeting. 5、 Notarial Tianye Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 6、 Wu Hehong, the person in charge of the company, Liu Guozhu, the person in charge of accounting, and Liu Guozhu, the person in charge of the accounting organization (Accounting Supervisor), declare that they guarantee the authenticity, accuracy and completeness of the financial report in the annual report. 7、 The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
The company's profit distribution plan for 2021 is: Based on the total share capital on the date of equity distribution registration, the company plans to distribute cash dividends of RMB 5 (including tax) to all shareholders for every 10 shares, without converting capital reserve into share capital and bonus shares. As of December 31, 2021, the total share capital of the company is 92800000 shares. Based on this calculation, it is expected to distribute a total cash dividend of RMB 46400000 (including tax), accounting for 34.06% of the net profit attributable to shareholders of Listed Companies in the consolidated statements of the company in 2021. If the total share capital of the company changes before the equity registration date of equity distribution, the company plans to keep the total distribution unchanged and adjust the distribution amount per share accordingly. The profit distribution plan has been deliberated and approved at the ninth meeting of the Fourth Board of directors of the company, and can be implemented only after it is deliberated and approved by the 2021 annual general meeting of shareholders of the company. 8、 Whether there are important matters such as special arrangements for corporate governance □ applicable √ not applicable IX. risk statement of forward-looking statements √ applicable □ not applicable
This report involves forward-looking statements such as future plans, which does 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. Please pay attention to investment risks. 10、 Is there any non operational occupation of funds by the controlling shareholders and their related parties? No
11、 Whether there is any external guarantee in violation of the specified decision-making procedures? No 12. Whether more than half of the directors cannot guarantee the authenticity, accuracy and integrity of the annual report disclosed by the company? No 13. Others □ applicable √ not applicable
catalogue
Section 1 interpretation Section 2 company profile and main financial indicators Section III Management Discussion and Analysis Section IV corporate governance Section V environment, social responsibility and other corporate governance Section VI important matters Section VII changes in shares and shareholders Section VIII preferred shares Section 9 corporate bonds Section x financial report one hundred and one
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 accounting institutions
The catalogue of documents for future reference contains the audit report sealed by the accounting firm and signed and sealed by the certified public accountant
The originals of all company documents and announcements publicly disclosed on the designated information disclosure media of the company during the reporting period
Section I interpretation
1、 Interpretation in this report, unless the context otherwise requires, the following words have the following meanings: Interpretation of common words
The company, the company and Shareate Tools Ltd(688257) refer to Shareate Tools Ltd(688257) , including all its subsidiaries as the context requires
Suzhou Xinrui Engineering Tools Co., Ltd. (formerly known as Suzhou Jiangchuan Xinrui Engineering Tools Co., Ltd.) was changed to Suzhou Xinrui Alloy Tools Co., Ltd. in May 2012
Xinhong Zhongfu refers to Xinhong Zhongfu Investment Management Center (limited partnership) in Suzhou Industrial Park and the employee stock ownership platform of the company
Suzhou Hongrui Management Consulting Co., Ltd. (formerly known as Suzhou Jiangchuan Xinrui cemented carbide Consulting Co., Ltd., Suzhou Xinrui cemented carbide Co., Ltd.), other enterprises controlled by the actual controller of the company
Hongrui investment refers to Suzhou Hongrui Investment Management Co., Ltd. (formerly known as Suzhou Xinrui Precision Industry Group Co., Ltd.), other enterprises controlled by the actual controller of the company
Qianjiang Xinrui cemented carbide tools Co., Ltd. (formerly known as Qianjiang Zhicheng industrial Qianjiang Xinrui finger Co., Ltd. and Qianjiang diamond Xinrui tool and mould Co., Ltd.), a wholly-owned subsidiary of the company
Wuhan Xinrui refers to Wuhan Xinrui Alloy Tools Co., Ltd., a wholly-owned subsidiary of the company
Sride refers to Suzhou sride import and Export Co., Ltd., a wholly-owned subsidiary of the company
Australian cutting edge refers to Australian shared tools Pty Ltd, namely Australian cutting edge tools Co., Ltd., a wholly-owned subsidiary of the company
AMS in Australia refers to Australasian mining services Pty Ltd, i.e. Australian mining services Co., Ltd., which is the holding subsidiary of the company
American AMS refers to American Mining Services LLC, i.e. American Mining Services Co., Ltd., the holding subsidiary of the company
Zhuzhou Weikai refers to Zhuzhou Weikai cutting tools Co., Ltd., which became the holding subsidiary of the company in January 2022
Aft refers to Andreou family trust, which is under the same control as APL (one of the shareholders of AMS in Australia and AMS in the United States)
ASF refers to Andreou superannuation fund, which is under the same control as APL (one of the shareholders of AMS in Australia and AMS in the United States)
FMG refers to Fortescue Metals Group Ltd, a leading enterprise in the global iron ore mining industry and the main customer of AMS in Australia, a subsidiary of the company
Ddh1 drilling Pty Ltd, Australia's leading deep directional drilling service company, listed on the Australian Stock Exchange: DDH, the main customer of the company's subsidiary AMS in Australia
Australian underground drilling, Australian drilling company, aud refers to providing exploration and mining, production drilling, blasting services and geotechnical engineering services for mining giants, as well as drilling and blasting, quality control and Exploration Services for large resource companies
BHP Billiton refers to broken hill proprietary Billiton Ltd, a world-famous mining company and the main customer of the company's subsidiary AMS in Australia
Rio Tinto Group refers to Rio Tinto Group, a multinational mineral and resource group, and the main customer of American AMS, a subsidiary of the company
Vale refers to companhia Vale do Rio Doce, a world-famous iron ore producer and exporter, and the end user of the company's cone bit products
China Tungsten And Hightech Materials Co.Ltd(000657) refers to China Tungsten And Hightech Materials Co.Ltd(000657) ( China Tungsten And Hightech Materials Co.Ltd(000657) . SZ), the main supplier of the company
Sandvik Group, a high-tech group company headquartered in Sweden, refers to its business covering three major fields: metal processing tools, mining engineering machinery and material technology
CSRC refers to the China Securities Regulatory Commission
Shanghai Stock Exchange and stock exchange refer to Shanghai Stock Exchange
With refractory metal carbides (WC, tic, TAC) as hard phase and iron group metal cemented carbide (Fe, Co, Ni, etc.) as bonding metal, the material with high hardness and high wear resistance is manufactured by powder metallurgy, powder preparation, press molding and high-temperature sintering
All kinds of tool products with cemented carbide as the main functional material, including carbide tool fingers of rotary drills, down the hole drilling tools and various cemented carbide cutting tools, are widely used in the fields of mining exploration, machining and so on
It is made of metal tungsten powder and carbon black through the processes of carbon mixing, carbonization, ball milling and screening tungsten carbide powder. It is a black hexagonal crystal with metallic luster. It is a good conductor of electricity and heat, with high melting boiling point and very stable chemical properties
Cobalt powder refers to gray black powder, which is one of the important components of cobalt based cemented carbide, rechargeable battery and cobalt based powder metallurgy products
Add an appropriate amount of one or more alloy elements on the basis of ordinary carbon steel, and alloy steel refers to iron carbon alloy.
According to the added elements, and
