C&D INC.(SH:600153)2022-04-18 16:00Financial Performance - The net profit attributable to shareholders for 2021 was CNY 6,098,090,300.02, with the parent company achieving a net profit of CNY 1,220,432,243.33[5] - The company reported strong performance in its supply chain operations and real estate sectors, indicating high capital demand for growth[5] - The company's operating revenue for 2021 reached ¥707.84 billion, a 63.49% increase compared to ¥432.95 billion in 2020[17] - Net profit attributable to shareholders was ¥6.10 billion, reflecting a 35.40% increase from ¥4.50 billion in the previous year[17] - The net profit after deducting non-recurring gains and losses was ¥4.27 billion, up 12.82% from ¥3.78 billion in 2020[17] - The total assets of the company increased by 55.61% to ¥602.46 billion from ¥387.16 billion in 2020[17] - The net assets attributable to shareholders rose by 32.45% to ¥50.84 billion, compared to ¥38.39 billion at the end of 2020[17] - The basic earnings per share for 2021 was ¥2.07, a 30.19% increase from ¥1.59 in 2020[21] - The weighted average return on net assets was 15.19%, an increase of 2.18 percentage points from 13.01% in 2020[21] - The cash flow from operating activities showed a significant decline, with a net cash flow of ¥408.94 million, down 95.79% from ¥9.72 billion in 2020[17] Dividend Distribution - The proposed cash dividend distribution is CNY 6 per 10 shares, totaling CNY 1,718,053,518.00, based on a total share capital of 2,863,422,530 shares as of December 31, 2021[5] - The company plans to balance short-term cash dividends and long-term returns while considering shareholder feedback on dividend distribution[5] Risk Management - The company does not have any non-operating fund occupation by controlling shareholders or related parties[7] - There were no violations of decision-making procedures regarding external guarantees[7] - The company has not faced any significant risks that would affect the authenticity and completeness of the annual report[10] - The audit report issued by Rongcheng Accounting Firm was a standard unqualified opinion[4] - The company emphasizes the importance of investment risk awareness in its forward-looking statements regarding development strategies and operational plans[6] - The company has established a "professional, hierarchical, and process-oriented" risk management system to enhance its supply chain operations[62] Supply Chain and Real Estate Operations - The supply chain operation segment generated ¥61.15 billion in revenue, while the real estate segment contributed ¥9.63 billion, leading to a total revenue of ¥70.78 billion for the supply chain and real estate segments combined[20] - The company plans to continue expanding its supply chain operations and real estate business to drive future growth[19] - The company has established partnerships with leading enterprises in the photovoltaic and lithium battery industries, enhancing its supply chain services[39] - The company has built over 500 logistics bases nationwide, improving its logistics resource layout[34] - The company has developed a smart risk control system using big data technologies, supporting business decision-making[32] - The company has launched multiple self-owned brands in the consumer goods sector, including a proprietary liquor brand with a total signed cooperation amount nearing 150 million yuan[38] - The company has established a digital transformation strategy for its supply chain operations, enhancing online and visual capabilities[32] Project Development and Expansion - The company has multiple planned real estate projects across various cities, with a total expected saleable area of approximately 2.5 million square meters[89][90] - The company is actively expanding its real estate portfolio, with several projects in the planning stage across different regions[89][90] - The company is focused on expanding its real estate business in key urban clusters, including the Yangtze River Delta and the Guangdong-Hong Kong-Macau Greater Bay Area[65] - The company has a significant number of ongoing projects across various regions, indicating a robust pipeline for future growth[54][55][59][61][62][67][68][72] - The overall investment strategy focuses on residential and commercial developments, with a mix of completed, ongoing, and newly initiated projects across key markets[54][55][59][61][62][67][68][72] Market Presence and Sales Performance - The company has established business relationships with over 170 countries and regions, covering multiple product categories including metals, pulp and paper products, and agricultural products[56] - The company aims to become an internationally leading supply chain operator, leveraging its globalized and diversified supply chain capabilities[54] - The company ranked 24th in the "Top 500 Chinese Listed Companies" list, improving by 7 places from the previous year[28] - The company ranked 24th in the "Fortune" China 500 list for 2021, up from 31st in 2020, and 619th in the "Forbes" Global 2000 list[60] - The company has completed several projects in Nanchang, including "Jun Yue Hu" with an equity ratio of 100% and a construction area of 925.98 square meters[106] - The company has ongoing projects in Xinyu, with a total planned construction area of 139,751.00 square meters and an equity ratio of 51.0%[41] Investment and Financial Strategy - The company has invested approximately 157.6 billion yuan in acquiring 114 land parcels, with over 70% of the land reserves located in first and second-tier cities[41] - The company has developed a big data analysis platform called "Zhi Hui Luo Pan," which supports operational decision-making through various analytical models[57] - The company is committed to continuous improvement in operational efficiency and cost reduction through digital technologies and automation[64] - The company has implemented digital platforms such as "E Jian Qian" for electronic contracts and "E Jian Xun" for remote inventory management, enhancing operational efficiency[57] Construction and Project Management - The company has multiple ongoing residential projects across various cities, with a total of 2,052,000 square meters of unsold building area[103] - The company has a significant number of projects under construction, with a total construction area exceeding 1 million square meters across various locations[112][113] - The company reported a project completion rate of over 50% for several key developments, such as in Ningde and Putian, showcasing effective project management[112][113] - The company is focusing on enhancing its project equity ratios, with several projects achieving 100% equity[128][132][133] - The total investment in ongoing and newly initiated projects reflects the company's commitment to expanding its portfolio and enhancing its market position[45][46][47][48] Sales and Transfer Areas - The area sold (including pre-sales) reached 205,344.34 square meters for 福州养云, indicating strong demand in the residential sector[126] - The company reported a transfer area of 18,695.83 square meters for 佛山三堂院, with a transfer income amounting to 0, reflecting ongoing project development[126] - The company has multiple projects with significant pending transfer areas, such as 福州榕墅湾 with 269,683.65 square meters pending[126] - The company maintains a 100% equity stake in several projects, including Nanning Yangxi and Nanjing Hezhang, ensuring full control over these developments[129]