ycec(SH:600248)2022-04-27 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥159.48 billion, representing a year-on-year increase of 24.86% compared to ¥127.72 billion in 2020[24]. - The net profit attributable to shareholders for 2021 was approximately ¥3.48 billion, up 22.88% from ¥2.83 billion in 2020[27]. - The net profit after deducting non-recurring gains and losses for 2021 was approximately ¥3.20 billion, a significant increase of 2,395.54% compared to ¥128.19 million in 2020[27]. - The company's total assets at the end of 2021 reached approximately ¥229.25 billion, reflecting a 25.99% increase from ¥181.97 billion at the end of 2020[27]. - The basic earnings per share for 2021 was ¥0.9795, an increase of 8.98% from ¥0.8988 in 2020[27]. - The weighted average return on equity for 2021 was 23.1%, down from 26.42% in 2020, indicating a decrease of 12.57%[27]. - The net cash flow from operating activities for 2021 was approximately -¥3.06 billion, worsening by 14.67% compared to -¥2.67 billion in 2020[27]. - The company reported a quarterly revenue of approximately ¥30.41 billion in Q1, ¥46.78 billion in Q2, ¥40.59 billion in Q3, and ¥41.69 billion in Q4 of 2021[30]. - The total operating revenue reached RMB 158.92 billion, an increase of 24.94% compared to the previous year[55]. - The gross profit margin for the construction engineering business improved by 1.09 percentage points to 8.64%[55]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.11 per 10 shares, totaling RMB 409,465,933.75, based on a total share capital of 3,688,882,286 shares[6]. - For the 2021 fiscal year, the proposed cash dividend is 1.11 CNY per 10 shares, amounting to approximately 409.47 million CNY, pending shareholder approval[160]. Audit and Compliance - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management team[4]. - The company has implemented a comprehensive internal control system covering governance, operations, human resources, and financial reporting[165]. - The internal control audit report received a standard unqualified opinion, indicating effective internal controls[169]. Risk Management - There are no significant risk events reported during the reporting period, and potential risks are detailed in the management discussion section[8]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company’s future plans and strategic developments are subject to various uncertainties and risks[7]. - The company has established a risk warning system to enhance management levels and prevent operational risks, ensuring strict adherence to safety responsibilities[104]. Strategic Initiatives and Market Expansion - The company is focusing on high-quality development and expanding into new markets, driven by strategic initiatives like the "Belt and Road" initiative[41]. - The company is focusing on market expansion both domestically and internationally, enhancing its competitive edge in key regions[45]. - The company aims to enhance its core competitiveness and brand influence through a strategy focused on optimizing its main business[99]. - The company plans to achieve a contract signing amount of 365.4 billion yuan and an operating revenue of 185 billion yuan in 2022[100]. Human Resources and Talent Development - A total of 2,066 new graduates were recruited, including 20 from prestigious universities[38]. - The company has established a strong talent pool with over 10,000 professionals, including 2,671 senior titles and 3,975 first-level construction engineers[45]. - In 2021, the company organized over 9,500 training sessions, training more than 300,000 individuals, with a training budget exceeding 60 million yuan[159]. - The company introduced a new online learning platform, "Shan Jian Learning Hall," offering over 5,000 courses across various fields[159]. Environmental and Social Responsibility - The company is committed to environmental protection and has published guidelines for pollution control in construction projects[175]. - The company has established a complete closed-loop industrial chain for the resource utilization of construction waste, promoting healthy industry development[177]. - The company has been awarded the advanced collective honor for poverty alleviation by the Shaanxi Provincial Government in 2021[179]. - The company achieved a total of 11.22 million yuan in consumption poverty alleviation throughout the year[179]. Governance and Management - The company is committed to enhancing its governance structure, having held 12 board meetings and reviewed 75 proposals during the reporting period[107]. - The company has a structured approach to governance, ensuring compliance with regulations and effective management of its board and supervisory roles[135]. - The company has established a remuneration decision-making process based on performance evaluations conducted by the Shaanxi State-owned Assets Supervision and Administration Commission[135]. - The company has undergone several personnel changes, including the election of Zhang Yiguang as Chairman and the election of Mao Jidong as Vice Chairman[138]. Related Party Transactions and Competition - The company commits to resolving any potential competition issues by allowing the listed company to acquire shares or assets of competing entities if necessary[200]. - The company guarantees not to use related party transactions to illegally transfer funds or profits from its subsidiaries[197]. - The company has established measures to resolve any potential competition issues with related enterprises, including the option for the company to acquire competing assets[198].