SCG(SH:600170)2022-04-17 16:00Financial Performance - The company's operating revenue for 2021 reached ¥281.06 billion, a 21.50% increase from ¥231.33 billion in 2020[13]. - Net profit attributable to shareholders was ¥3.77 billion, reflecting a 12.47% increase compared to ¥3.35 billion in 2020[13]. - The net cash flow from operating activities surged to ¥10.37 billion, a significant increase from ¥315.99 million in 2020[13]. - The total assets at the end of 2021 amounted to ¥353.77 billion, marking a 10.09% increase from ¥321.36 billion in 2020[13]. - The basic earnings per share for 2021 was ¥0.36, up 5.88% from ¥0.34 in 2020[14]. - The weighted average return on equity was 11.09%, slightly down from 11.11% in 2020[14]. - The company reported non-recurring gains of ¥1.00 billion, including government subsidies and asset disposal profits[17]. - The company's operating cash flow net amount increased significantly to CNY 10.368 billion, a rise of 3,181.23% year-on-year[45]. - The net profit after deducting non-recurring gains and losses for 2021 was approximately CNY 2.77 billion, an increase of 7.68% compared to 2020[178]. Market Expansion and Strategy - The company is focusing on expanding its market presence in the Yangtze River Delta and other key regions, including South China and Central China[5]. - The company aims to enhance its capabilities in urban renewal, ecological environment, and industrialized construction as part of its six emerging business strategies[5]. - The company emphasizes a "1+7+X" regional market layout to target economically developed cities and key urban areas[5]. - The company is committed to a "three-full" strategy, which includes nationwide development and full industry chain collaboration[5]. - The company aims to enhance its core capabilities and focus on digital transformation and innovation as part of its strategic goals[20]. - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[54]. - Future guidance indicates a focus on increasing revenue streams through strategic acquisitions and product development initiatives[54]. - The company aims to become an international first-class provider of full lifecycle construction services, focusing on urban renewal and ecological environment projects[93]. Research and Development - The company is actively pursuing new product and technology development to strengthen its competitive position in the market[5]. - The company is advancing its R&D in prefabricated construction and green building technologies, enhancing its competitive edge[24]. - Research and development expenses amounted to CNY 9.893 billion, representing a year-on-year increase of 21.92%[45]. - The company has a robust R&D system with numerous patents, including 70 invention patents and 2 international patents[32]. - The company has obtained 179 national patents, including 57 invention patents, with product performance reaching world-leading levels[84]. Contracts and Projects - The company signed new contracts totaling ¥442.51 billion during the reporting period, achieving its annual target[20]. - The total amount of new contracts signed in 2021 was CNY 4.59593 billion, with significant contributions from construction and design consulting sectors[22]. - The company secured 34 major engineering projects with contracts exceeding CNY 1.5 billion in 2021[21]. - The company has a robust order backlog totaling CNY 459.593 billion, ensuring future revenue stability[22]. - The company completed the construction of 10,409 sets of quarantine housing, covering over 490,000 square meters, in response to the pandemic[25]. Financial Health and Assets - The total liabilities rose to CNY 302.20 billion, compared to CNY 277.46 billion, marking an increase of approximately 8.9%[190]. - Total equity increased to CNY 51.57 billion, up from CNY 43.90 billion, reflecting a growth of approximately 17.5%[190]. - The company's cash and cash equivalents increased to ¥84.15 billion in 2021 from ¥78.47 billion in 2020, representing a growth of approximately 8.5%[187]. - Accounts receivable rose to ¥55.21 billion in 2021, up from ¥44.19 billion in 2020, indicating an increase of about 24.5%[187]. - The company has maintained a loan repayment rate of 100% for both 2021 and 2020[178]. Corporate Governance and Management - The company has a comprehensive internal control system in place, with no significant deficiencies reported during the evaluation period[130]. - The company has conducted a self-assessment of its governance practices, confirming compliance and a solid foundation for high-quality development[132]. - The total remuneration for directors, supervisors, and senior management in 2021 amounted to CNY 22.3345 million[111]. - The board of directors held 16 meetings in 2021, discussing key proposals including the termination of a subsidiary's split listing[113]. - The company has seen changes in its executive team, with several senior executives resigning due to age-related reasons[112]. Environmental and Social Responsibility - The company donated over 12.48 million yuan to various organizations for poverty alleviation and social responsibility initiatives in 2021[139]. - The company has developed a complete green low-carbon industrial chain for prefabricated concrete construction, integrating technologies such as BIM, IoT, and big data[137]. - The company has invested in rooftop photovoltaic power stations, generating a total of 35.71 million kWh, equivalent to saving 11,712 tons of standard coal and reducing CO2 emissions by 29,161 tons[137]. Legal Matters - The company is pursuing claims for remaining project payments and overdue interest amounting to 42,059.45 million CNY from Hebei Hou Shi Real Estate Development Co., Ltd.[151]. - A lawsuit was filed for 36,150.19 million CNY against Huai'an Hengyue Real Estate Co., Ltd. for unpaid project fees related to the Xuyi Evergrande Hot Spring Town project[151]. - The company is also facing a lawsuit for property damage claims amounting to 280 million yuan related to a construction dispute[148]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 171,773[160]. - The largest shareholder, Shanghai Construction Group Co., Ltd., held 30.19% of the shares[161]. - The company did not report any changes in its share capital structure during the reporting period[157]. - The company has a cash dividend policy that mandates a minimum cash dividend ratio of 80% if there are no major capital expenditures planned, and 40% if there are[126].