SDSL(000407)2022-03-18 16:00Financial Performance - The company's operating revenue for 2021 was CNY 4,547,621,826.17, a decrease of 1.06% compared to CNY 4,596,360,862.81 in 2020[11]. - The net profit attributable to shareholders for 2021 was CNY 110,033,081.90, representing a decline of 22.68% from CNY 142,314,776.28 in 2020[11]. - The basic earnings per share for 2021 was CNY 0.1250, down 22.70% from CNY 0.1617 in 2020[11]. - The total operating revenue for the company in 2021 was approximately ¥4.55 billion, a decrease of 1.06% compared to ¥4.60 billion in 2020[39]. - The net profit attributable to shareholders for 2021 was approximately ¥110 million, down 22.68% from ¥142 million in 2020[39]. - The company achieved an operating profit of approximately ¥847.96 million for the year 2021[64]. - The company reported a significant loss of approximately ¥29.76 million in net profit for its liquefied natural gas project subsidiary[64]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year increase of 10%[97]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year 2021, representing a growth of 15% compared to the previous year[86]. Cash Flow and Investments - The net cash flow from operating activities decreased by 35.23% to CNY 291,309,748.75 in 2021 from CNY 449,780,536.63 in 2020[11]. - The total cash inflow from investment activities increased significantly by 613.40% to ¥146,124,251.80 in 2021[46]. - The total cash inflow from operating activities was RMB 5,234,317,392.84, an increase of 2.41% from RMB 5,111,422,756.67 in the previous year[193]. - The total cash outflow from investing activities was RMB 434,835,467.21, a decrease of 24.73% compared to RMB 577,598,073.68 in the previous year[193]. - The cash inflow from loans received was 1,378,250,000.00 RMB, slightly down from 1,406,205,946.19 RMB in the previous year[194]. - The cash outflow for the repayment of debts was 1,482,542,612.87 RMB, which increased from 1,248,514,166.66 RMB, indicating a rise of about 18.71%[194]. Assets and Liabilities - The total assets at the end of 2021 were CNY 7,037,942,997.06, an increase of 4.23% from CNY 6,752,489,856.50 at the end of 2020[11]. - The total liabilities increased to RMB 4,016,268,723.92 in 2021, up from RMB 3,851,088,095.34 in 2020, reflecting a growth of about 4.29%[188]. - The company's cash and cash equivalents decreased to RMB 867,249,030.21 in 2021 from RMB 895,147,268.19 in 2020, a reduction of about 3.12%[187]. - The company's retained earnings increased to RMB 563,687,380.43 in 2021 from RMB 477,074,696.98 in 2020, marking a growth of about 18.09%[188]. - The total equity attributable to shareholders increased to 2,613,347,105.59 RMB, up from 2,457,702,562.24 RMB, representing a growth of approximately 6.35%[197]. Strategic Initiatives - The company is focusing on the clean energy sector as its main business direction following a strategic shift from diversification to specialization[10]. - The company plans to expand its natural gas business by enhancing the multi-level gas source system and interconnecting pipelines to reduce gas source costs and improve profitability[66]. - The company aims to develop new markets in heating pipes and marine equipment while exploring other gas-related equipment businesses[66]. - The company is committed to sustainability, with plans to invest 100 million RMB in green technology initiatives over the next three years[86]. - The company plans to enhance its digital transformation efforts, allocating 80 million RMB for technology upgrades and digital marketing[152]. Governance and Management - The company has established a complete independent governance structure, ensuring clear responsibilities among its governing bodies[72]. - The company maintains independence from its controlling shareholders in terms of personnel, assets, and financial operations[73]. - The company has a governance structure that complies with the regulations set by the China Securities Regulatory Commission[72]. - The company has a management team with a tenure extending to 2024, indicating stability in leadership[76]. - The company has a clear succession plan with several directors and supervisors having defined terms until 2024[76]. Social Responsibility and Compliance - The company actively participates in social responsibility initiatives, including disaster relief efforts during severe flooding in Henan[121]. - The company is committed to reducing carbon emissions and promoting clean energy projects, contributing to national carbon neutrality goals[120]. - The company emphasizes compliance and legal tax obligations while engaging in community development and ecological improvement[121]. - The company has established a clean energy service model to enhance public access to natural gas[120]. - The company has committed to avoiding competition with its controlled enterprises and will prioritize business opportunities for the listed company[127]. Research and Development - The company completed several R&D projects, including the development of detectable polyethylene pipelines and modified polypropylene cable sheaths[42]. - The company's R&D personnel increased from 95 in 2020 to 108 in 2021, representing a growth of 13.68%[44]. - Research and development expenses amounted to RMB 25,944,173.50, a decrease of 7.6% from RMB 28,135,939.75 in 2020[191]. - New product development initiatives are underway, with an investment of 200 million RMB allocated for R&D in innovative gas solutions[86]. - The company has established a research and development center for new products and high-tech innovations, aiming to enhance its market competitiveness[164].