TAGEN GROUP(000090)2022-04-15 16:00Financial Performance - The company's operating revenue for 2021 was ¥23,269,331,871.06, representing a 35.88% increase compared to ¥17,124,707,926.40 in 2020[25]. - The net profit attributable to shareholders for 2021 was ¥1,933,357,215.84, a 30.09% increase from ¥1,486,176,260.22 in 2020[25]. - The net cash flow from operating activities improved significantly to ¥1,071,994,237.59, compared to a negative cash flow of ¥157,583,422.53 in 2020, marking a 780.27% increase[25]. - The basic earnings per share for 2021 was ¥0.9606, up 30.16% from ¥0.7380 in 2020[25]. - Total assets at the end of 2021 reached ¥59,824,016,392.22, a 22.09% increase from ¥48,998,633,233.39 at the end of 2020[28]. - The net assets attributable to shareholders increased to ¥12,705,373,539.78, reflecting a 15.96% growth from ¥10,956,238,727.73 in 2020[28]. - The company reported a weighted average return on equity of 16.85% for 2021, an increase of 2.54% from 14.31% in 2020[25]. - The company's total revenue for 2021 reached 1.14 trillion yuan, with a year-on-year growth of 8.1%[39]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 3.3 RMB per 10 shares, based on a total of 1,868,545,434 shares[5]. Business Operations and Changes - The company has not reported any changes in its main business since its listing[23]. - The company has not engaged in any mergers or acquisitions during the reporting period[23]. - The company has not reported any new product or technology developments in the current report[23]. - The company has detailed potential risks and corresponding countermeasures in its report[5]. - The company has not encountered any significant changes in the feasibility of its projects during the reporting period[182]. Management and Governance - The company’s financial report has been confirmed as true, accurate, and complete by its management[4]. - The company’s controlling shareholder changed from Shenzhen State-owned Assets Supervision and Administration Commission to Special Zone Construction Group on July 16, 2020[23]. - The company has established several subsidiaries during the reporting period, including Shenzhen Guangming Construction Group Co., Ltd. and Shenzhen Qianhai Tianjian Land Development Co., Ltd., all operating normally[190]. Market Position and Competitiveness - The company ranked 68th in the "Shenzhen Top 500 Enterprises" and 133rd in the "Guangdong Top 500 Enterprises" in 2021[42]. - The company aims to enhance its market competitiveness and quality of development through strategic reforms and brand building[39]. - The company is positioned to leverage opportunities in urban services and infrastructure investment as part of its growth strategy[39]. Project Development and Construction - The company has developed nearly 8 million square meters of real estate projects, focusing on cities like Shenzhen, Guangzhou, and Shanghai[48]. - The company completed 145 projects during the reporting period, with a total contract value of 11.33832 billion yuan[54]. - The company has ongoing projects such as the Shenzhen Urban Rail Transit Line 9 and the expansion of the Shenzhen East Lake Water Plant[60]. - The company is actively involved in the construction of various environmental and infrastructure projects, including the comprehensive treatment of water environments in multiple river basins[60]. Innovation and Technology - The company is focusing on technological innovation, with a commitment to enhancing project quality and safety standards[63]. - The company actively engaged in technological innovation and collaboration with universities and research institutions[70]. - The company is currently working on several key R&D projects, including blockchain technology for construction waste tracking and green demolition standards[151]. Financial Management and Investments - The company has a financing balance of CNY 20.06 billion, with bank loans amounting to CNY 13.86 billion at an interest rate of 3.0%-4.99%[121]. - The company reported an investment income of approximately CNY 82.52 million, contributing 2.97% to total profit[159]. - The company has cumulatively invested CNY 220,325.87 million from raised funds, with no remaining balance of unutilized funds[172]. Future Plans and Strategies - The company plans to continue optimizing the construction and operation plans of its projects based on market changes[1]. - The company plans to complete an annual investment of no less than 6.231 billion yuan in 2022[194]. - The company aims to enhance its market expansion capabilities by equipping teams for policy research and project planning[194]. - The company will focus on high-quality development in urban construction, targeting new breakthroughs in areas like new infrastructure and ecological restoration[194].