CSI Finance News China Steel Tianyuan (002057) disclosed its 2021 annual report on April 20. In 2021, the company achieved total operating income of 2.588 billion yuan, a year-on-year increase of 54.76%; net profit attributable to shareholders was 214 million yuan, a year-on-year

CSI Finance News China Steel Tianyuan (002057) disclosed its 2021 annual report on April 20. In 2021, the company achieved total operating income of 2.588 billion yuan, a year-on-year increase of 54.76%; net profit attributable to shareholders was 214 million yuan, a year-on-year increase of 23.56%; net profit excluding non-operating items was 173 million yuan, a year-on-year increase of 17.72%; net cash flow generated by operating activities was 128 million yuan, a year-on-year decrease of 22.29%; during the reporting period, China Steel Tianyuan's basic earnings per share was 0.3038 yuan, and the weighted average return on equity was 9.02%. The company's 2021 annual distribution plan is: it plans to pay 1.39 yuan (including tax) per 10 shares to all shareholders.

data statistics show that China Steel Tianyuan's total operating revenue compound growth rate in the past three years has been 26.47%, ranking fourth among the 12 companies in the magnetic materials industry that have disclosed 2021 data. In the past three years, the compound annual growth rate of net profit has been 20.44%, ranking 6/12.

annual report stated that the company is mainly engaged in the research and development, production, sales and inspection and testing services of magnetic materials. It has a relatively complete magnetic materials industry chain and is committed to building a comprehensive supplier of magnetic materials. The inspection and testing service business mainly focuses on large infrastructure fields such as railways and highways and also serves the company's new materials fields such as magnetic materials.

points, in terms of the company's main business in 2021, industrial raw material revenue was 937 million yuan, a year-on-year increase of 78.12%, accounting for 36.22% of operating income; electronic components revenue was 574 million yuan, a year-on-year increase of 79.16%, accounting for 22.16% of operating income; inspection and testing revenue was 449 million yuan, a year-on-year increase of 20.68%, accounting for 17.37% of operating income.

In 2021, the company's gross profit margin was 22.69%, a year-on-year decrease of 3.08 percentage points; the net profit margin was 9.39%, a decrease of 1.07 percentage points from the same period last year.

points to products, the gross profit margins of industrial raw materials, electronic components, and inspection and testing in 2021 will be 10.82%, 16.87%, and 49.52%, respectively.

During the reporting period, the company's top five customers had a total sales amount of 323 million yuan, accounting for 12.48% of the total sales amount. The company's top five suppliers had a total purchase amount of 728 million yuan, accounting for 36.44% of the total annual purchase amount.

data shows that the company's weighted average return on equity in 2021 was 9.02%, a decrease of 2.52 percentage points from the same period last year; the company's investment capital return rate in 2021 was 9.47%, a decrease of 0.98 percentage points from the same period last year.

As of the end of 2021, the company's net cash flow for operating activities was 128 million yuan, a year-on-year decrease of 22.29%; the net cash flow for financing activities was 760 million yuan, a year-on-year increase of 5874.66%, mainly due to the increase in cash received by the company's private placement of shares, the subsidiaries' investment absorption of minority shareholders, and the increase in repayment of bank loans and payment of margin for issuing notes payable; the net cash flow for investment activities was -600 million yuan, compared with -150 million yuan in the same period last year, mainly because of the use of idle raised funds for cash management in 2021, some products have not yet been recovered.

In 2021, the company's operating income cash ratio was 73.26%, and the net cash ratio was 59.79%. Judging from the data in recent years, the growth rate of cash inflows in the company's operating activities is basically synchronized with the growth rate of operating income. In terms of operating capacity, in 2021, the company's total asset turnover rate was 0.67 times, 0.68 times in the same year (the industry average in 2020 was 0.62 times, and the company ranked 6/12 in the same industry); the fixed asset turnover rate was 3.76 times, and 2.93 times in the same year (the industry average in 2020 was 3.13 times, and the company ranked 9/12 in the same industry); the company's accounts receivable turnover rate and inventory turnover rate were 3.19 times and 6.04 times respectively.

For the whole year of 2021, the company's period expenses were 353 million yuan, an increase of 129 million yuan from the previous year; the period expense ratio was 13.64%, an increase of 0.23 percentage points from the previous year.

In the whole year of 2021, the company's R&D investment was 154 million yuan, a year-on-year increase of 61.93%; the proportion of R&D investment in operating income was 5.95%, an increase of 0.26 percentage points compared with the same period last year. In addition, the company's annual R&D investment capitalization rate is 0.

According to the announcement, as a national high-tech enterprise transformed by a research institute, the company has a group of experienced technical experts. It has strong R&D strength in many fields such as magnetic materials, metal products, coal chemical industry, mining cement and metallurgical equipment, and has won provincial and municipal scientific and technological progress awards and other awards many times. The company's technical R&D team is strong. As of the end of the reporting period, the company had a total of 340 R&D personnel, of which 12 enjoyed special allowances from the State Council, and had academician workstations and national-level enterprise postdoctoral workstations.The company continues to carry out technological innovation in response to the current and future needs of the country and the market. During the reporting period, 203 patents were applied for, including 85 invention patents; 154 authorized patents, including 23 invention patents. As of the end of the reporting period, the company had 339 patents, including 74 invention patents and 13 software copyrights.

In terms of debt repayment ability, the company's debt-to-asset ratio at the end of 2021 was 37.96%, a decrease of 4.07 percentage points compared with the same period last year; the interest-bearing debt-to-asset ratio was 5.25%, a decrease of 6.46 percentage points compared with the same period last year.

annual report shows that among the top ten circulating shareholders of the company at the end of 2021, the new shareholders were Huaxia Industry Prosperity Mixed Securities Investment Fund, Tan Ruowen, Mao Yuxia, and China Steel Group Anshan Thermal Energy Research Institute Co., Ltd., replacing the previous Gongqingcheng Shengheng Investment Management Co., Ltd.-Shengheng Selection New Era Private Equity Investment Fund, Fang Yongzhong, China National Merchants Bank-Zhongyi Asset-Advantage Enterprise No. 9 Asset Management Product, and Lu Qiang. In terms of specific shareholding ratio, the shareholding of Tianjin Zhencheng Information Consulting Co., Ltd. has decreased.