Financial Performance - Revenue for 2021 was RMB 43,949,000, an increase of 13.3% from RMB 38,891,000 in 2020[8] - Profit before tax for 2021 was RMB 24,908,000, a slight decrease of 1.2% compared to RMB 25,215,000 in 2020[8] - Profit and total comprehensive income attributable to owners of the Company for 2021 was RMB 18,140,000, up from RMB 17,541,000 in 2020, representing a growth of 3.4%[8] - The profit attributable to shareholders for the year was RMB 18.1 million[26] - The Group's revenue for the year ended December 31, 2021, was primarily generated from the sale of burial plots, columbarium units, and other burial-related services[79][80]. - Burial plot sales reached RMB 30.4 million, accounting for 69.1% of total revenue in 2021, up from RMB 29.6 million and 76.1% in 2020[81] - Sales of columbarium units increased significantly to RMB 4.9 million, representing 11.1% of total revenue, compared to RMB 1.7 million and 4.3% in 2020[81] - The provision of other burial-related services generated RMB 4.2 million, making up 9.5% of total revenue, an increase from RMB 3.5 million and 9.0% in 2020[81] - Gross profit for 2021 was RMB 36.4 million, up from RMB 32.9 million in 2020, with a gross profit margin of 82.8% compared to 84.6% in the previous year[89] Assets and Liabilities - Total assets as of December 31, 2021, were RMB 279,139,000, an increase of 10.2% from RMB 253,376,000 in 2020[10] - Total liabilities as of December 31, 2021, were RMB 90,977,000, up from RMB 83,354,000 in 2020, reflecting an increase of 9.7%[10] - Total equity attributable to owners of the Company was RMB 188,162,000 as of December 31, 2021, compared to RMB 170,022,000 in 2020, marking an increase of 10.7%[10] Cash Flow and Financial Position - Cash and cash equivalents decreased by RMB70.6 million to RMB73.2 million as at 31 December 2021 from RMB143.8 million as at 31 December 2020[99] - Inventories increased from RMB18.6 million as at 31 December 2020 to RMB23.8 million as at 31 December 2021, mainly due to the increase of tombstones[101] - Prepayments and other receivables increased from RMB9.3 million as at 31 December 2020 to RMB36.0 million as at 31 December 2021, mainly due to advance payment for land demolition of RMB30.0 million[102] - Trade and other payables increased by 95.1% from RMB6.1 million as at 31 December 2020 to RMB11.9 million as at 31 December 2021[103] Operational Highlights - Burial services accounted for 89.7% of the Company's total revenue for the year ended 31 December 2021, up from 89.4% in 2020[39] - Revenue from cemetery maintenance services was RMB 4.5 million for the year ended 31 December 2021, compared to RMB 4.1 million in 2020[41] - The Company successfully won the bidding for columbarium settlement services in the Langfang Airport Economic Zone, contributing to local economic development[30] - The Company established an intelligent cemetery management system to enhance digital management and improve service efficiency[29] - The Company plans to enhance its comprehensive service capability in the Jing-Jin-Ji region in 2022, focusing on cemetery operation and funeral services[35] Strategic Initiatives - The Group aims to strengthen its market position in Langfang and expand its business in the Jing-Jin-Ji megalopolis through strategic initiatives[43] - The planning and tendering for the joint venture cemetery project with Langfang Xinhangcheng Real Estate Development Co., Limited has been completed, marking it as a major development project for the Group next year[50] - The Group plans to selectively acquire or enter into strategic partnerships with other death care service providers, focusing on high-demand areas in wealthy provinces[51] - The Group will enhance its cemetery environment and diversify service offerings to meet various customer needs, including launching products at different price points[54] Governance and Compliance - The Company has appointed three Independent Non-executive Directors (INEDs), representing more than one-third of the Board, ensuring compliance with Listing Rules[144] - All INEDs confirmed their independence during the year, adhering to the required standards[146] - The Company has established a Nomination Committee responsible for reviewing Board composition and assessing the independence of INEDs[148] - The Articles of Association stipulate that one-third of Directors must retire by rotation at each annual general meeting[150] - The Company has adopted a code of conduct for Directors' securities transactions, ensuring compliance with the required standards[141] Risk Management - The Board has conducted a review of the effectiveness of the risk management and internal control systems and considered them effective and adequate[199] - The risk management and internal control procedures include comprehensive budgeting, information reporting, and performance monitoring systems[199] Dividend Policy - The Company has adopted a general dividend policy aimed at providing shareholders with dividends from the Group's profit attributable to shareholders in any financial year[140] - The Board considers actual and expected financial results, economic conditions, business strategies, and liquidity position when proposing dividend payouts[140]

China Wan Tong Yuan Holdings ( ) Limited 中國萬桐園 控股 ( 有限 ) 公司 | --- | --- | |-------|----------------------------------------| | | | | | No.48, Louzhuang Road, Langfang | | | Development Area, Langfang, Hebei, PRC | | | 中國河北省廊坊市 | | | 廊坊開發區樓莊路48號 | | --- | |------------------------| | | | Unit 3508, 35th Floor, | www.chinawty.com Interim Report 2021 中期報告 | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------- ...

萬桐園 China Wan Tong Yuan (Holdings) Limited 中國萬桐園(控股)有限公司 (Incorporated in the Cayman Islands with limited liability) | --- | --- | --- | --- | --- | |----------------------------------------------------------|-------|-------|-------|-------| | | | | | | | (於爾曼群島註冊成立的有限公司) Stock Code 股份代號: 6966 | | | | | | | | | | | | | | | | | | ANNUAL REPORT | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | |----------------|----------------------------------------------- ...

萬桐園 China Wan Tong Yuan (Holdings) Limited 中國萬桐園(控股)有限公司 (Incorporated in the Cayman Islands with limited liability) | --- | --- | --- | --- | --- | |----------------------------------------------------------|-------|-------|-------|-------| | | | | | | | (於開曼群島註冊成立的有限公司) Stock Code 股份代號: 6966 | | | | | | | | | | | | | | | | | | 202 ／ ／ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | |----------------|-------|--------------------------------------------- ...

萬桐園 China Wan Tong Yuan (Holdings) Limited 中國萬桐園(控股)有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號: 6966 Annual Report 2019 年報 Corporate Information 2 公司資料 Financial Summary 4 財務概要 Chairman's Statement 6 主席報告書 Management Discussion and Analysis 9 管理層討論及分析 Corporate Governance Report 22 企業管治報告 Biographies of Directors and Senior Management 33 董事及高級管理層履歷 Directors' Report 40 董事會報告 Independent Auditor's Report 63 獨立核數師報告 Consolidated Statement of Profit or Los ...