ZJDR(SH:600113)2022-03-11 16:00Financial Performance - The company's operating revenue for 2021 was CNY 645,396,707.96, representing an increase of 18.64% compared to CNY 543,990,155.20 in 2020[21]. - The net profit attributable to shareholders increased significantly by 1,762.90% to CNY 652,355,859.69 from CNY 35,018,289.36 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 115,586,062.97, up 20.23% from CNY 96,136,652.66 in 2020[21]. - The company's total assets grew by 54.79% to CNY 3,057,180,557.88 compared to CNY 1,975,098,547.74 in 2020[23]. - The net assets attributable to shareholders increased by 41.73% to CNY 2,105,346,588.15 from CNY 1,485,482,550.61 in 2020[23]. - Basic earnings per share rose to CNY 1.59, a substantial increase of 1,666.67% from CNY 0.09 in 2020[22]. - The weighted average return on equity increased to 36.44%, up 34.06 percentage points from 2.38% in 2020[22]. - The net cash flow from operating activities was CNY 251,880,482.48, reflecting a 19.24% increase from CNY 211,246,596.26 in 2020[21]. - The company reported quarterly revenues of CNY 188,206,572.74 in Q4 2021, contributing to the overall annual growth[26]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 2.40 per 10 shares, totaling RMB 98,743,478.40, which represents 15.14% of the net profit attributable to shareholders[8]. - The total share capital as of December 31, 2021, is 411,431,160 shares[8]. - The company held 2 shareholder meetings during the reporting period, ensuring compliance with legal requirements and protecting the rights of all shareholders, especially minority shareholders[92]. - The total number of common shareholders as of the end of the reporting period is 23,647, a decrease from 33,612 at the end of the previous month[157]. - The largest shareholder, Wenzhou Dongfang Group Co., Ltd., holds 202,807,800 shares, representing 49.29% of the total shares[160]. Corporate Governance - The board of directors has confirmed the authenticity, accuracy, and completeness of the annual report[6]. - The company has established a transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management, ensuring compliance with relevant laws[94]. - The company has a robust governance structure that aligns with regulatory requirements, ensuring effective checks and balances among its governing bodies[92]. - The board's specialized committees, including the audit and risk management committee, provided professional support for decision-making processes[93]. - The company strictly adhered to information disclosure regulations, with no instances of regulatory criticism or penalties during the reporting period[94]. Risk Management and Future Outlook - The company has detailed the major risks it faces in the management discussion and analysis section of the report[9]. - The company’s future plans and development strategies are subject to investment risks and do not constitute a commitment to investors[9]. - The company is focusing on expanding its market presence through strategic acquisitions and partnerships, promoting smart agricultural wholesale and trade markets[36]. - The company faces market risks due to potential macroeconomic fluctuations that could impact consumer demand for agricultural products[87]. - The company is challenged by increasing competition from new business models such as e-commerce and direct sales, which reduce the role of traditional wholesale markets[88]. Acquisitions and Business Expansion - The company acquired 100% equity of Wenzhou Xueding Bean Products Co., Ltd. for 17.53 million yuan, expanding its business into the agricultural product processing sector[36]. - The company acquired 100% equity of Wenzhou Xueding Tofu Co., Ltd., expanding its business in the agricultural product processing sector[46]. - The company’s vegetable and fruit wholesale market cluster accounted for over 90% of the total supply in Wenzhou city, enhancing its market dominance[48]. - The company aims to enhance its position in the agricultural wholesale market by integrating industry resources and expanding its business network[83]. Research and Development - Research and development expenses surged by 210.64% to CNY 7.63 million, indicating a strong focus on innovation[54]. - The company has obtained over 30 software copyrights and invention patents, enhancing its core competitiveness[34]. - The company employed 27 R&D personnel, with 16 holding bachelor's degrees and 11 holding associate degrees[65]. Financial Position and Assets - The company reported cash and cash equivalents of CNY 397.25 million, representing 12.99% of total assets, an increase of 56.98% compared to the previous year[71]. - Other receivables increased significantly to CNY 844.13 million, accounting for 27.61% of total assets, with a year-on-year increase of 2,100.08% attributed to compensation from the lighting market[71]. - Inventory reached CNY 340.73 million, which is 11.15% of total assets, showing a 46.05% increase due to rising costs in the Longyou Baiyi project[71]. - The company’s fixed assets grew to CNY 270.88 million, accounting for 8.85% of total assets, reflecting an 87.32% increase due to the transfer of construction projects[71]. Compliance and Regulatory Matters - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[136]. - The company has not encountered any violations regarding guarantees during the reporting period[136]. - There are no reported penalties from securities regulatory agencies in the last three years, indicating compliance with regulations[107]. Employee Information - The company reported a total of 993 employees, with 124 in the parent company and 869 in major subsidiaries[118]. - The employee composition includes 747 production staff, 30 sales personnel, 49 technical staff, 50 financial staff, and 117 administrative staff[119].