LFD(SH:600149)2022-04-22 16:00Financial Performance - In 2021, the company achieved a consolidated net profit of CNY 10,821,667.16, with cumulative distributable profits for shareholders at CNY -310,976,345.19, leading to no profit distribution for the year [6]. - The company's operating revenue for 2021 was CNY 220,813,164.97, representing a 12.10% increase compared to CNY 196,979,597.65 in 2020 [24]. - The net profit attributable to shareholders of the listed company decreased by 81.22% to CNY 2,030,004.92 from CNY 10,809,433.78 in the previous year [24]. - The basic earnings per share for 2021 was CNY 0.0053, down 81.34% from CNY 0.0284 in 2020 [25]. - The total assets of the company at the end of 2021 were CNY 650,473,782.36, a decrease of 3.31% from CNY 672,770,202.50 at the end of 2020 [24]. - The net cash flow from operating activities increased by 30.12% to CNY 31,912,790.07 in 2021, compared to CNY 24,524,866.64 in 2020 [24]. - The weighted average return on net assets for 2021 was 1.20%, down from 5.04% in 2020 [25]. - The company reported a decrease in net assets attributable to shareholders of the listed company, which stood at CNY 170,491,041.98 at the end of 2021, a 1.21% increase from CNY 168,461,037.06 at the end of 2020 [24]. - The company has no plans for profit distribution or capital reserve transfer to increase share capital due to negative distributable profits [6]. Operational Highlights - The company achieved a total operating revenue of RMB 124,422,342.42 in 2021, with a significant increase in the fourth quarter contributing to a net profit attributable to shareholders of RMB 11,780,928.39 [27]. - The company reported a net cash flow from operating activities of RMB 77,754,912.27 in the fourth quarter, indicating a strong recovery in cash generation [27]. - The company signed an additional 729,600 square meters of new contracts in the heating market, expanding its market presence in the Beijing-Tianjin-Hebei region [35]. - The company implemented various measures to enhance operational efficiency, including innovative production techniques and remote control systems, aimed at reducing operational costs and improving heating quality [37]. - The company secured financing through partnerships with multiple financial institutions, successfully lowering its financing costs and ensuring sufficient capital for business expansion [39]. - The company generated RMB 3,088,937.05 from government subsidies related to its normal business operations, contributing positively to its financial performance [29]. - The company continued its real estate leasing business, generating revenue of RMB 3,025,300.00, which supports its overall income [42]. - The company focused on developing diverse clean heating sources, including the successful application of air-source heat pumps in its heating projects [36]. - The company established subsidiaries in Gu'an, Bazhou, and Tianjin to explore surrounding markets, laying the groundwork for national expansion [35]. - The company emphasized safety production measures, ensuring a safe operational environment throughout the year [38]. Market and Strategic Initiatives - The company is positioned in the core functional area of the Beijing-Tianjin-Hebei coordinated development strategy, benefiting from national policy incentives [48]. - The company is actively expanding its heating business in response to the construction of the Beijing Daxing International Airport and its economic zone [49]. - The company has developed a comprehensive energy solution capability, integrating various energy sources such as natural gas and heat pumps [52]. - The company aims to diversify energy sources and enhance low-carbon heating solutions, integrating coal, gas, electricity, and heat [86]. - The company plans to leverage the strategic opportunity of the Beijing-Tianjin-Hebei coordinated development to enhance resource integration and cooperation [80]. - The heating supply industry is experiencing strong demand, particularly in northern regions, with significant growth potential [81]. - The company plans to leverage the advantages of the Beijing-Tianjin-Hebei coordinated development to optimize the Langfang heating market, aiming for a stable and sustainable operational environment [83]. - In 2022, the company will focus on expanding the heating market in Langfang, targeting a potential heating area of over 30 million square meters, with a current supply area of approximately 30 million square meters [84]. Research and Development - Research and development expenses amounted to 914,878.11 CNY, accounting for 0.41% of total operating revenue [67]. - The company aims to increase R&D efforts to develop "multi-energy complementarity" technologies and improve heating efficiency through existing technology upgrades [89]. - The company has patented its self-control systems for heat exchange stations and is in the process of applying for multiple related patents [54]. - The company has established a core team with expertise in centralized and distributed heating technologies, ensuring sustainable development of its heating business [51]. Governance and Compliance - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with relevant laws and regulations [103]. - The company strictly adheres to the regulations regarding related party transactions, effectively regulating its related party transaction behaviors [103]. - The company has a complete and independent business system, maintaining independence in operations, personnel, assets, and finances from its controlling shareholder [104]. - The company has implemented a robust investor relations management system, actively engaging with investors through various communication channels [102]. - The annual shareholders' meeting approved nine proposals without any dissenting votes, reflecting strong governance practices [104]. - The company has not faced any penalties from securities regulatory authorities in the past three years [114]. - The company has not reported any non-compliance issues or penalties during the reporting period [149]. - The company has not faced any major litigation or arbitration matters during the reporting period [149]. Financial Management - The company will strengthen financial management and budget control to ensure efficient use of funds and cost-effectiveness [94]. - The total remuneration for senior management during the reporting period amounted to 296.88 million yuan [105]. - The total remuneration for all directors, supervisors, and senior management was 2.9688 million yuan [112]. - The company has maintained a cash dividend policy throughout the reporting period, with no adjustments made [127]. - The compensation policy for senior management is determined by the board based on different positions and is paid monthly [125]. Environmental Responsibility - The company has adhered to environmental protection laws and regulations, achieving ultra-low emissions through technological upgrades in its subsidiaries [139]. - The company has not faced any administrative penalties related to environmental issues during the reporting period [138]. - The company has successfully controlled pollutant emissions, with no incidents of exceeding emission standards reported throughout the year [140]. - The company has conducted third-party monitoring of emissions quarterly during the heating season [137]. - The company has established emergency response plans for environmental incidents at its heating stations [136]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 30,489, down from 35,893 at the end of the previous month [160]. - The largest shareholder, Evergrande Group, holds 76,032,050 shares, representing 20.00% of the total shares, with shares frozen [163]. - The second largest shareholder, Langfang Investment Holding Group, holds 58,173,700 shares, representing 15.30% of the total shares, with shares also frozen [163]. - The company has not experienced any changes in its total share capital or share structure during the reporting period [159]. - There are no significant changes in the company's controlling shareholder or actual controller during the reporting period [168].