Financial Performance - In 2021, the company achieved significant business and profit growth, driven by the recovery of the economy post-pandemic and contributions from various projects[42]. - The company reported a final dividend of HKD 0.54 per share for 2021, an increase from HKD 0.52 per share in 2020, leading to a total annual dividend of HKD 1.02 per share[38]. - The group's audited total revenue for the year ended December 31, 2021, was HKD 38.748 billion, an increase of 42.8% year-on-year, with audited net profit reaching HKD 3.746 billion, up 68.8% year-on-year[43]. - The total net profit for the group reached HKD 1.385 billion, representing a year-on-year increase of 109.1%[58]. - The audited profit attributable to shareholders was HKD 3.746 billion, a significant increase of 68.8% year-on-year, primarily due to the recovery of most business segments after the pandemic[54]. - The total revenue for the year was approximately HKD 38,747.95 million, representing a 42.8% increase compared to HKD 27,137.60 million in 2020[102]. - The company reported a profit attributable to shareholders of HKD 3,745.51 million for the year ended December 31, 2021, an increase of HKD 1,526.63 million or approximately 68.8% compared to 2020[95]. - The company achieved a basic earnings per share of HKD 3.429, reflecting a 70.3% increase from HKD 2.014 in the previous year[93]. Business Segments Performance - The infrastructure business recorded a profit of HKD 2.369 billion, a significant increase of 105.0% year-on-year, driven by increased toll days and economic compensation of RMB 3.553 billion for reduced toll mileage[44]. - The water business reported annual revenue and net profit of RMB 7.267 billion and RMB 706 million, respectively, representing year-on-year increases of 16.2% and 11.1%[43]. - The real estate business achieved a profit of HKD 895 million, up 16.3% year-on-year, with total revenue for the year reaching RMB 11.015 billion, a 73.3% increase from the previous year[43]. - The consumer goods business net profit was HKD 670 million, reflecting a year-on-year increase of 29.2%[43]. - The tobacco segment achieved a revenue of HKD 2.379 billion and a net profit of HKD 499 million, representing increases of 27.4% and 38.2% respectively compared to the previous year[90]. - The printing segment reported a revenue of HKD 1.927 billion, a growth of 15.4%, with a net profit of HKD 187 million, up 11.0% year-on-year[92]. Strategic Initiatives and Future Plans - The company plans to develop a world-class waste-to-energy project in Baoshan, Shanghai, with a capacity of 3,800 tons per day, expected to commence operations in 2022[45]. - The company aims to optimize asset allocation and enhance risk management to create maximum shareholder value amid uncertain economic conditions[49]. - The company plans to continue promoting technological innovation and enhance product development to achieve high-quality growth in 2022[50]. - The company intends to deepen market opportunities and improve operational efficiency in the real estate sector while managing risks effectively[49]. - The company plans to leverage new development opportunities from carbon neutrality initiatives and enhance its market expansion efforts[63]. - The company aims to expand its infrastructure and environmental protection business while steadily developing its real estate business and exploring growth opportunities in consumer products[121]. - The company is actively involved in mergers and acquisitions to strengthen its market position and operational capabilities[179]. Corporate Governance and Risk Management - The company adheres to robust corporate governance principles, ensuring effective risk management and internal controls across its operations[118][119][120]. - The board of directors consists of eight members, with the chairman and CEO being Shen Xiaochu and Zhou Jun, respectively, who have served for 4 years and 16.5 years[123]. - The company has established a professional consultation procedure for directors to seek independent advice, with costs covered by the company[127]. - The company is focused on managing financial risks, including currency, interest rate, price, and credit risks, to ensure sustainable development and protect stakeholder interests[113][114][115][116]. - The company conducted a review of its risk management and internal control systems, confirming no significant discrepancies across subsidiaries[152]. Shareholder Engagement and Communication - The company maintains a communication policy to enhance engagement with shareholders and investors, allowing them to express their opinions and inquiries[154]. - The company actively participated in online investor meetings and roadshows, enhancing communication with investors and media[162]. - The company has established a shareholder meeting procedure to ensure compliance with regulations and facilitate transparent voting processes[155]. Awards and Recognition - The company received multiple awards in 2021, including the "5th China Excellent IR Best Disclosure Award" and the "6th Golden Hong Kong Stock Most Socially Responsible Listed Company Award"[162].
上海实业控股(00363) - 2021 - 年度财报