SMHC(SH:600131)2022-04-21 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥7.47 billion, an increase of 6.49% compared to ¥7.01 billion in 2020[28]. - The net profit attributable to shareholders for 2021 was approximately ¥677.09 million, representing an increase of 11.57% from ¥606.87 million in 2020[28]. - The basic earnings per share for 2021 was ¥0.57, up 9.62% from ¥0.52 in 2020[28]. - The net cash flow from operating activities for 2021 was approximately ¥618.85 million, a 23.65% increase from ¥500.49 million in 2020[28]. - The total assets at the end of 2021 were approximately ¥11.40 billion, a 3.32% increase from ¥11.03 billion at the end of 2020[28]. - The net assets attributable to shareholders at the end of 2021 were approximately ¥5.13 billion, reflecting a 10.60% increase from ¥4.64 billion at the end of 2020[28]. - The company reported a diluted earnings per share of ¥0.57 for 2021, consistent with the basic earnings per share[28]. - The company experienced a decrease of 2.07 percentage points in the weighted average return on equity, which was 13.86% in 2021 compared to 15.93% in 2020[28]. - The net profit after deducting non-recurring gains and losses for 2021 was approximately ¥649.06 million, a 20.46% increase from ¥538.80 million in 2020[28]. - The company achieved an annual revenue of 7.466 billion yuan and a net profit of 677 million yuan, representing a year-on-year growth of 11.57%[36]. Dividend Policy - In 2021, the company proposed a cash dividend of 1.70 RMB per 10 shares, totaling 203,217,072.48 RMB, with a cash dividend payout ratio of 30.01%[12]. - The company will not issue new shares or increase capital reserves through stock dividends in the current fiscal year[12]. - For the fiscal year 2020, the company distributed a cash dividend of 1.55 RMB per 10 shares, totaling approximately 185.29 million RMB, based on a total share capital of 1,195,394,544 shares[133]. - The company did not adjust its cash dividend policy during the reporting period[134]. - The company has established a clear cash dividend policy in accordance with regulatory requirements, ensuring a stable return to investors[132]. Business Strategy and Development - The company focused on three major business segments, enhancing traditional strengths in computing infrastructure, power marketing platforms, and digital operation services, while steadily advancing new business areas such as smart energy services and carbon neutrality digital services[5]. - The company plans to leverage over 20 years of experience in the power industry to expand its business applications, forming an industrial layout of "digital foundation + energy applications" in 2022[6]. - The company aims to become a leading provider of cloud-network integrated technology products and services in the energy internet sector, focusing on digital transformation in the power industry[81]. - The company plans to expand its digital power services, targeting a market scale of over 30 billion kWh in total electricity sales, with a business market size exceeding 30 million yuan[85]. - The company is actively developing energy digital operation services, leveraging digital technology to enhance the efficiency of energy management systems and create new profit growth points[82]. - The company is committed to supporting the construction of a new power system, emphasizing the importance of digitalization in enhancing the safety and efficiency of the power grid[79]. - The company is focusing on expanding its energy service value chain, particularly in energy trading and virtual power plants[36]. - The company is exploring various energy operation service scenarios, including virtual power plants and intelligent upgrades of distribution networks[85]. Research and Development - The company has achieved significant results in technology innovation, including numerous patent applications and publications, further highlighting its leading role in technological advancement[5]. - R&D investment totaled 508 million yuan, an increase of 23% year-on-year, with 233 patent applications filed and 87 patents granted[37]. - The total R&D investment amounted to approximately ¥508 million, which is 6.81% of the operating revenue, with 44.80% of the R&D expenses capitalized[64]. - The company completed 233 patent applications and received 87 patent grants during the reporting period, reflecting a focus on strengthening key technologies[66]. - The company is investing in R&D for key areas such as digital technology for active distribution networks and power trading models, aiming to enhance its core competitiveness[88]. Corporate Governance and Compliance - The company is committed to maintaining transparent investor relations and enhancing corporate governance structures[6]. - The company has established a comprehensive governance structure, ensuring compliance with laws and regulations, and has held multiple shareholder meetings to maintain transparency[96]. - The company has a strong focus on compliance management and risk prevention as foundational elements of corporate governance[88]. - The internal control system has been optimized, focusing on risk assessment related to fundraising and project management to enhance risk prevention capabilities[98]. - The company has implemented a compliance culture initiative, including training for key personnel to enhance regulatory awareness[98]. - The company has received an A-level rating for its information disclosure practices from the Shanghai Stock Exchange for the 2020-2021 period[97]. Social Responsibility and Community Engagement - The company contributed over 10 million yuan in new tax revenue to Aba Prefecture, supporting local economic development[38]. - The company’s rural electrification projects increased agricultural production efficiency, resulting in a 5% increase in crop yield[149]. - The company’s initiatives improved energy efficiency for rural residents, with per capita energy efficiency rising by over 8%[149]. - The company donated clothing and educational materials valued at over 20,000 CNY to improve learning conditions for children in remote areas[150]. - The company provided 60,000 CNY in financial aid to over 300 impoverished students, ensuring they received nutritious meals[150]. - The company established a 500,000 CNY reward fund for outstanding teachers and educators in the Aba region[149]. - The company has been recognized for its outstanding performance in social responsibility, receiving the "2021 Listed Company Social Responsibility Award"[146]. Risks and Challenges - The company faces risks related to high dependency on core customers, primarily the State Grid Corporation, but is actively exploring external markets to mitigate this risk[89]. - The company has effectively managed its subsidiaries, enhancing compliance and operational efficiency[139]. - The company is involved in significant litigation, including disputes related to contracts with subsidiaries, with ongoing cases documented on the Shanghai Stock Exchange[177]. - The company has no reported major accounting errors or risks of delisting during the reporting period[176]. - The company has not disclosed any major related party transactions during the reporting period[181]. Shareholding Structure - The largest shareholder, State Grid Information and Communication Industry Group Co., Ltd., held 583,920,295 shares, representing 48.85% of the total shares[197]. - The second-largest shareholder, State Grid Sichuan Electric Power Company, held 95,385,704 shares, representing 7.98% of the total shares[198]. - The third-largest shareholder, Xinhua Water Conservancy Holdings Group Co., Ltd., held 59,849,416 shares, representing 5.01% of the total shares[198]. - The shareholding structure indicates that State Grid Information Communication Group Co., Ltd. and State Grid Sichuan Electric Power Company are acting in concert as they are both wholly-owned subsidiaries of State Grid Corporation of China[200].