CPEC(SH:600339)2022-04-29 16:00Financial Performance - The company's operating revenue for 2021 was ¥79.83 billion, an increase of 12.92% compared to ¥70.70 billion in 2020[13]. - The net profit attributable to shareholders was ¥459.38 million, a decrease of 46.27% from ¥855.02 million in 2020[13]. - The net cash flow from operating activities was ¥3.86 billion, a significant improvement from a negative cash flow of ¥452.41 million in 2020[13]. - Basic earnings per share decreased to ¥0.0823, down 46.24% from ¥0.1531 in 2020[14]. - The weighted average return on equity was 1.86%, a decrease of 1.69 percentage points from 3.55% in 2020[14]. - The company reported a total asset value of ¥104.54 billion, a decrease of 1.67% from ¥106.31 billion in 2020[13]. - The company's main business cost was 73.81 billion yuan, up 13.99% year-on-year, resulting in a main business gross profit of 5.39 billion yuan, a 1.44% increase[32]. - The main business gross margin was 6.81%, a decrease of 0.78 percentage points compared to the previous year[32]. - The company achieved operating revenue of 79.83 billion yuan, a year-on-year increase of 12.92%[29]. - The net profit attributable to shareholders was 459 million yuan, a decline of 46.27% year-on-year[29]. Research and Development - Research and development expenses for the fourth quarter amounted to ¥579 million, representing 59.42% of the total annual R&D expenses of ¥975 million[16]. - R&D expenses increased by 3.79 billion RMB, reflecting the company's commitment to innovation and technology development[21]. - The company achieved a research and development intensity of 2.10%, with a total of 334 authorized patents, including 74 invention patents[22]. - Research and development expenses increased significantly to ¥974,661,975.04, a rise of 63.73% from ¥595,170,702.75 in the previous year[161]. - The company is focusing on technology research and development in geothermal, hydrogen energy, CCUS, and high-performance synthetic resins[25]. Governance and Compliance - The company reported a standard unqualified audit opinion from Lixin Certified Public Accountants[2]. - The company has maintained a consistent governance structure with all board members present at meetings[3]. - The company held 2 shareholder meetings, 5 board meetings, and 5 supervisory board meetings during the reporting period, ensuring compliance with relevant regulations[76]. - The company has established a clear governance structure that protects the rights of shareholders and maintains transparency in operations[76]. - The company has revised its governance and internal control systems, including the Articles of Association and information disclosure management measures, to enhance governance structure[76]. Market Position and Strategy - The company aims to enhance its market competitiveness and governance capabilities while ensuring energy security and promoting green development[69]. - The company is focusing on expanding its low-carbon business and developing new energy sectors, aligning with China's carbon neutrality goals[69]. - The company is actively exploring innovative business models in the new energy sector, focusing on integrated construction and operation projects[25]. - The company is committed to providing comprehensive services and digital solutions to enhance customer value and support sustainable development[69]. - The company is committed to digital transformation and expanding into new energy and materials sectors[29]. Risks and Challenges - The company has detailed potential risks in its management discussion and analysis section, urging investors to pay attention[3]. - The company emphasizes the importance of risk management and has identified market risks related to macroeconomic conditions and energy price fluctuations[72]. - The company has identified major project management risks, including budget overruns and quality issues, and plans to enhance risk prevention awareness and improve project management processes[73]. - The company is addressing foreign exchange risks by optimizing contract settlement terms and reducing foreign currency holdings to control exposure[74]. Shareholder and Financial Structure - The company distributed a cash dividend of 0.25 CNY per 10 shares, totaling 139,578,686.78 CNY based on a total share capital of 5,583,147,471 shares as of December 31, 2021[2]. - The company’s five largest customers accounted for 58.50% of total sales, indicating a stable customer base[39]. - The company’s five largest suppliers accounted for 12.64% of total procurement, reflecting a diversified supplier network[39]. - The largest shareholder, China National Petroleum Corporation, holds 3,030,966,809 shares, representing 54.29% of the total shares[142]. - The company has no significant changes in its share capital structure during the reporting period[139]. Environmental and Social Responsibility - The company emphasizes the importance of ecological and environmental protection, implementing strict management and control measures for pollution prevention[112]. - The company is actively implementing measures to reduce carbon emissions, focusing on clean energy technologies and low-carbon service capabilities[113]. - The company has established a low-carbon technology innovation system, emphasizing research and application in hydrogen production, geothermal, solar, and wind energy projects[113]. - The company is committed to achieving its "dual carbon" goals through independent research and collaboration in key energy-saving and emission reduction areas[113]. Future Outlook - The company plans to sign new contracts worth 95 billion yuan and achieve an operating revenue of 80 billion yuan in 2022[70]. - The overall performance guidance for the upcoming year remains optimistic, with expectations for increased revenue and user engagement[173]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[173].