ZHUHAI ZHUMIAN GROUP(SH:600185)2022-04-29 16:00Financial Performance - The company's operating revenue for 2021 was ¥7,133,106,865.27, representing an increase of 11.65% compared to ¥6,388,966,672.69 in 2020[23]. - The net profit attributable to shareholders for 2021 was ¥320,557,782.53, a decrease of 42.63% from ¥558,726,895.90 in 2020[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 322.10 million, a decrease of 42.04% compared to CNY 555.73 million in the previous year[26]. - Basic earnings per share decreased by 43.33% to CNY 0.17 from CNY 0.30 in the previous year[26]. - The weighted average return on equity decreased by 3.15 percentage points to 3.73% from 6.88% in the previous year[26]. - The net profit attributable to shareholders for Q4 was CNY -320.08 million, primarily due to reduced settlement amounts for entrusted development projects[31]. - The total revenue for Q3 was CNY 2.78 billion, with Q1 and Q2 revenues of CNY 1.72 billion and CNY 1.67 billion respectively[27]. - The company achieved a revenue of 7.133 billion yuan in 2021, representing a year-on-year growth of 11.65%[58]. - The operating cost for the same period was 5.285 billion yuan, which increased by 18.19% compared to the previous year, primarily due to the growth in the real estate sector[63]. - The total assets decreased by 12.48% to CNY 32.79 billion from CNY 37.47 billion in the previous year[26]. - The company reported a significant increase of 90.10% in net cash flow from operating activities, amounting to 3.460 billion yuan[59]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of ¥1 per 10 shares, totaling approximately ¥188,500,579.50 based on a total share capital of 1,885,005,795 shares[6]. - The company's profit available for distribution to shareholders at the end of 2021 was 1,117,143,931 RMB[155]. - The company has a complete decision-making process for profit distribution, ensuring the protection of minority shareholders' rights[155]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to CNY 1,848.50 million[122]. - The company held one shareholders' meeting during the reporting period, ensuring equal voting rights for all shareholders, particularly minority shareholders[111]. Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The company adheres to internal control regulations to ensure compliance and enhance operational management and risk prevention capabilities[115]. - The internal control audit for 2021 was conducted by a reputable accounting firm, resulting in a standard unqualified opinion[164]. - The company conducted a self-examination in accordance with the China Securities Regulatory Commission's requirements and found no major issues needing rectification in corporate governance[166]. - The company has committed to improving its internal control systems and enhancing corporate governance continuously[166]. Strategic Initiatives and Future Plans - The company is developing the "Hainan Sanya He Lian Central Business District" project, which is expected to become a high-end tourism retail commercial project, receiving significant attention as a key project in Hainan Province for 2021[40]. - The company plans to acquire 100% equity of the duty-free group to enhance its strategic procurement resources and strengthen its core competitiveness in the duty-free business[41]. - The company aims to optimize its industrial structure, focusing on duty-free business, biomedicine, and high-quality real estate as core sectors[99]. - The company plans to enhance its procurement operations and develop duty-free and cross-border business models in 2022[102]. - The company will accelerate the construction of key projects such as the Sanya Heliang project and the Hengqin Innovation project to support its strategic layout in the consumer sector[102]. Market and Industry Insights - The real estate industry is expected to see continued policy support in 2022, focusing on meeting reasonable housing demands[95]. - The health industry is projected to exceed RMB 16 trillion by 2030, driven by national policies and an aging population[96]. - The company is actively responding to the "Yue Gang Ao Greater Bay Area" policy to promote transformation and upgrade its industrial structure for high-quality development[41]. - The company is leveraging its flexible operational system to enhance the "online + offline" shopping channels and membership marketing system for better consumer service[39]. Employee and Management Information - The company reported a total of 1,641 employees, with 70 in the parent company and 293 in major subsidiaries[149]. - The workforce includes 870 production staff, 188 sales personnel, and 387 technical staff[149]. - The company has implemented a differentiated compensation system linked to performance to align employee actions with corporate goals[150]. - Monthly training programs are organized covering various topics such as project management and customer relations[151]. Risk Management - The company has detailed descriptions of industry and market risks in the report, emphasizing the need for investors to understand potential risks[8]. - The company is closely monitoring national and local policy changes to improve its risk resistance capabilities amid significant policy risks in the real estate sector[106]. - The company is committed to enhancing its R&D and production capabilities for essential pandemic prevention materials, such as masks, to support the efficient supply system for epidemic prevention and livelihood materials in Zhuhai[105]. Related Party Transactions and Conflicts of Interest - The company has committed to avoiding any competitive business activities with Gree Real Estate to prevent conflicts of interest[174]. - The company has pledged to reduce and standardize related party transactions with Gree Real Estate[174]. - The Urban Construction Group and its controlled companies will not participate in any business activities that may compete with Gree Real Estate, ensuring no conflicts of interest arise[180].