In 2021, the company realized consolidated operating income of 31.852 billion yuan, an increase of 67.96% over the same period last year; consolidated operating cost of 26.68 billion yuan, an increase of 72.26% over the same period last year; net profit attributable to 1.181 billion yuan, an increase of 92.24% over the same period last year; and basic earnings per share of 0.8396 yuan. It is proposed to pay a cash dividend of 2.60 yuan (including tax) for every 10 shares to all shareholders. Affected by the increase in product sales and prices, operating income and operating costs increased in the reporting period compared with the same period last year.
1. In terms of tungsten and molybdenum business, in 2021, the company's tungsten and molybdenum products were affected by the growth of market demand, and the production, sales and prices of major products increased compared with the same period last year. During the reporting period, the company's tungsten, molybdenum and other non-ferrous metals business achieved an operating income of 10.958 billion yuan, an increase of 45.41% over the same period last year, and a total profit of 1.4 billion yuan, an increase of 74.57% over the same period last year.
In the tungsten mining business, due to the rise in tungsten concentrate prices, the total profits increased compared with the same period last year; tungsten smelting, tungsten powder and cemented carbide bar products benefited from the increase in downstream demand, sales and profits increased compared with the same period last year; overall tool products, profitability has been improved due to the increase in unit price. The sales volume of indexable blades (that is, "CNC blades") increased year on year, benefiting from the optimization of product structure and the improvement of product unit price, the profitability increased significantly; the production and sales of blade blanks, wear-resistant materials and mold materials increased steadily, and the total profit increased significantly compared with the same period last year; due to the increase in market demand, sales and profits of hard surface materials increased year-on-year. Top hammer products benefit from the improvement of quality, sales volume and price growth, profitability increased significantly compared with the same period last year; roll rings, rock drilling engineering tools profitability continued to improve; tungsten and molybdenum wire products, benefiting from the pick-up demand of tourists and active expansion of the market, total sales revenue and profits increased year-on-year; molybdenum smelting and molybdenum powder products benefited from the increase in downstream demand and product structure adjustment, the total profit increased significantly compared with the same period last year.
2. Rare earth industry. In 2021, the company continuously deepened lean production and product quality improvement, continued to optimize product structure, sales of rare earth deep processing products increased, and business income and profits of rare earth products increased greatly. During the reporting period, the company's rare earth business achieved an operating income of 4.804 billion yuan, an increase of 56.98% over the same period last year, and a total profit of 229 million yuan, an increase of 154.34% over the same period last year.
The company's sales volume and unit price of rare earth oxides and rare earth metals all increased compared with the same period last year, and profits increased compared with the same period last year; magnetic materials benefited from the influence of increased downstream demand, optimization of product structure and lower product processing costs, total profits increased compared with the same period last year; luminous materials business, affected by the optimization of product and customer structure, sales revenue, total profits and profitability increased compared with the same period last year.
3. Energy new materials business. During the reporting period, in terms of lithium cobalt products, the company continued to increase the research and development of lithium cobalt products, and the competitive advantage of the products was further consolidated. Sales increased by 35% compared with the same period last year, and the global share continued to rank first. In terms of ternary materials, benefiting from the high prosperity of the new energy vehicle industry, the company's products are booming in production and marketing. At the same time, the company takes advantage of the advantages of high power and high voltage to expand sales. The sales of ternary materials increased by 71% compared with the same period last year, and the scale effect was further revealed. the total profit increased significantly compared with the same period last year. In 2021, the company's business of new energy battery materials (including lithium cathode materials and hydrogen storage alloys) achieved an operating income of 15.922 billion yuan, an increase of 93.79% over the same period last year, and a total profit of 636 million yuan, an increase of 128.50% over the same period last year.
4. Real estate business. In 2021, the company's real estate business realized operating income of 168 million yuan, an increase of 11.23% over the same period last year; the total profit and profit was-328 million yuan, an increase of 233 million over the same period last year, mainly because the real estate equity has not yet been disposed of, financial expenses and operating expenses.
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