DEPPON(603056)2023-01-20 16:00Financial Performance - The company achieved a net profit attributable to shareholders of 142,851,715.81 RMB in 2021, with an undistributed profit of 2,808,705,637.86 RMB[21]. - Total revenue for 2021 was 31,359,068,083.26 RMB, representing a 14.02% increase from 27,503,446,481.61 RMB in 2020[38]. - The net profit attributable to shareholders decreased by 77.30% compared to the previous year, down from 651,026,414.60 RMB in 2020[38]. - The company reported a negative net profit of 207,872,260.37 RMB after deducting non-recurring gains and losses, compared to a positive net profit of 210,886,570.66 RMB in 2020[38]. - The net profit attributable to the parent company was 148 million RMB in 2021, a decrease of 77.30% compared to 2020[81]. - Basic earnings per share for 2021 were 0.15 RMB, a decrease of 77.94% from 0.68 RMB in 2020[67]. - The weighted average return on equity dropped to 2.38% in 2021, down 10.77 percentage points from 13.15% in 2020[67]. Revenue and Growth - The company achieved a total revenue of 31.359 billion RMB in 2021, representing a year-on-year growth of 14.02%[51]. - The express delivery business generated revenue of 19.733 billion RMB, an increase of 18.43% compared to the previous year, with total shipment volume rising by 24.4%[51]. - The first quarter of 2021 saw revenue of 7,370,427,778.12 RMB, while the fourth quarter revenue reached 8,800,486,848.07 RMB[41]. - In 2021, the express delivery business revenue reached 106.78 billion RMB, representing a year-on-year growth of 6.28%[77]. - The company achieved a revenue of 948 million yuan from other businesses, representing a year-on-year growth of 19.42%, accounting for 3.02% of total revenue[107]. Operating Costs and Cash Flow - The operating cash flow for 2021 was 2,402,318,857.33 RMB, an increase of 35.53% from 1,772,533,158.39 RMB in 2020[38]. - The operating cost for 2021 was 28.028 billion RMB, reflecting a 15.36% increase from 24.296 billion RMB in 2020[54]. - The total operating costs for 2021 were 28.028 billion RMB, a year-on-year increase of 15.36%[78]. - Net cash flow from operating activities was affected by the implementation of new leasing standards[200]. - Net cash flow from investing activities decreased due to increased capital investments in sorting equipment, vehicles, and industrial park construction[200]. Assets and Liabilities - The total assets at the end of 2021 were 15,897,981,465.34 RMB, showing a significant increase from 11,225,663,894.50 RMB in 2020[38]. - The company’s net assets attributable to shareholders increased by 16.82% to 6,491,973,078.28 RMB at the end of 2021[38]. - The company reported a total asset value of 15.898 billion RMB at the end of 2021, up 20.01% from 13.247 billion RMB at the beginning of the year[50]. - The asset-liability ratio was 59.18%, an increase of 1.12 percentage points from the beginning of the period[77]. Strategic Plans and Investments - The company plans to use undistributed profits to supplement working capital and will not distribute cash dividends or issue bonus shares for 2021[21]. - The company plans to continue expanding its market presence and invest in new technologies to enhance operational efficiency[56]. - The company increased its capital expenditures on sorting equipment, transportation vehicles, and transfer sites to support long-term business development[75]. - The company aims to enhance its market share and operational efficiency in the freight forwarding business by increasing business volume[75]. - The company is adjusting its operational model and increasing resource investment in response to market competition and customer demand changes[75]. Operational Efficiency and Technology - The company has developed over 100 technological solutions aimed at improving operational efficiency and reducing costs[194]. - The company has implemented advanced technologies such as voice recognition and AI-driven customer service, achieving a 56.5% volume in intelligent voice service interactions[168]. - The company has made significant investments in infrastructure and technology to enhance its large item delivery service, improving overall service quality[139]. - The company has introduced a standardized operational approach across its logistics network, ensuring effective resource allocation and management[136]. Market Position and Customer Base - The number of effective contract customers grew from 283,000 in the previous year to 326,000 in Q4 2021, reflecting stable growth in the company's large parcel business[83]. - The company has achieved a coverage rate of 94.5% in towns, with a total of 69,127 end-point networks, including 6,389 self-operated outlets and 2,738 partner outlets[135]. - The company has established over 200 new heavy cargo branches and optimized more than 1,000 inefficient stores to enhance service quality and efficiency in the heavy cargo delivery segment[111]. Environmental and Social Responsibility - The company has implemented various policies to promote green packaging transformation in the express delivery industry, contributing to significant progress in eco-friendly practices[124]. - The company has received multiple awards for its contributions to social responsibility and pandemic response, enhancing its brand reputation[169].