According to the 2021 annual report released by Shandong Gold, the operating income in 2021 was 33.935 billion yuan, down 46.7 percent from the same period last year; the net loss was 194 million yuan, compared with a profit of 2.025 billion yuan in the same period last year (after adjustment); and the basic loss per share was 0.09 yuan. It is proposed to pay a cash dividend of 0.5 yuan (including tax) to all shareholders for every 10 shares.
In 2021, the company's mineral gold output was 24.781 tons, down 13.98 tons, or 36.06%, over the same period last year; the total assets of the company were 78.308 billion yuan, an increase of 8.854 billion yuan, or 12.75%, over the beginning of the period; the total liabilities of the company were 46.524 billion yuan, an increase of 12.491 billion yuan, or 36.70%; and the asset-liability ratio was 59.41%, an increase of 10.41% over the beginning of the period. The equity of shareholders belonging to the parent company was 29.22 billion yuan, a decrease of 1.668 billion yuan or 5.40% compared with the beginning of the period.
2021, from the perspective of the international environment. At present, the epidemic is still continuing, the international situation is volatile, and the global economic outlook is facing great uncertainty. The century-old changes and the epidemic situation of the century superimposed each other, and the world entered a new period of upheaval and change. From the perspective of domestic economic performance, China's national economy has continued to recover steadily in 2021, and the year-on-year growth rate of GDP is among the highest among the major economies in the world, but the uncertain factors are obviously increasing, and the external environment is more complex and severe.
From the perspective of macro policy. In 2021, with the popularity of vaccines, the global economy gradually got rid of the haze of the epidemic. At the same time, the loose fiscal and monetary policy introduced in response to the epidemic is also facing gradual withdrawal pressure, and the foundation of economic recovery is still unstable. The global economy and the supply and demand pattern of mineral resources have been deeply adjusted, the challenge of stable global supply of mineral resources has been highlighted, the prices of major mineral products have fluctuated sharply, and opportunities and challenges exist in the development of the mining industry. As the epidemic situation is the first to be fully controlled in China, China's social economy has recovered rapidly and steadily, which has driven the demand for mineral products and become an important force in promoting the global mining industry and driving the global economic recovery.
Judging from the performance of gold prices. In 2021, the overall high volatility of gold prices is slightly weaker. On the one hand, the recovery of demand, the tight supply chain and the sharp rise in commodity prices have led to a significant rise in global inflation, the game between big powers and increased geopolitical risks have provided some support for the price of gold; on the other hand, the excessively high level of inflation has also strengthened the expectation of monetary policy tightening in western developed countries, which has become the main factor dragging down the price of gold. In terms of supply and demand, domestic gold production declined while consumption rebounded sharply in 2021.
At the beginning of 2021, due to the influence of two gold mine safety accidents in Shandong Province (neither of which is owned by the company), the gold mining enterprises in Shandong Province, which belong to the company, began to carry out safety inspection in February 2021 according to the requirements of the local competent department of the government. as a result, the company's capacity was greatly affected, and the company's gold production and sales decreased sharply in the first half of the year, which had a great impact on the company's performance. The sharp decrease in the sales volume of the company's own gold leads to a decline in the company's sales gross profit, affecting the company's profit, which in turn affects the year-on-year decline in the company's net profit and earnings per share.
In the face of the unfavorable situation, the company set up a special class of key work to promote the resumption of work to reach production and strengthen lean management in an all-round way. since the second half of 2021, the company's production and operation has bottomed out and rebounded forcefully. Gold output and profits have gradually increased. The total gold output from November to December has exceeded the same period in 2020, and the company has achieved profits for the same month since August 2021. The company's production and operation situation has shown a continuous upward trend.
