HXSS(SH:600477)2022-04-19 16:00Financial Performance - The company achieved an annual revenue of CNY 9.58 billion in 2021, representing a 17.68% increase compared to CNY 8.14 billion in 2020[27]. - Net profit attributable to shareholders was CNY 411.60 million, a decrease of 43.14% from CNY 723.93 million in the previous year[27]. - The company reported a net cash flow from operating activities of -CNY 903.78 million, a significant decline from -CNY 14.31 million in 2020[27]. - Basic earnings per share decreased to CNY 0.191, down 43.15% from CNY 0.336 in the previous year[29]. - Operating revenue for the period reached ¥9,577,854,809.29, an increase of 17.68% compared to ¥8,138,757,441.89 in the same period last year[81]. - Operating costs increased by 23.23% to ¥8,246,634,313.81, primarily due to increased production and rising steel prices[81]. - R&D expenses rose by 21.58% to ¥383,407,312.46, reflecting increased investment in research and development[81]. - The gross margin for the industrial sector improved by 6.68 percentage points to 9.77%, while the construction sector saw a slight decrease of 0.45 percentage points to 14.32%[82]. - The company reported a significant reduction in financial expenses, which increased by 63.84% to ¥91,737,490.17 due to higher loan interest payments[93]. - The company experienced a 67.90% decrease in income tax expenses, totaling ¥49,150,669.88, due to a reduction in total profit for the period[93]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 0.6 RMB per 10 shares, totaling 142,146,669.12 RMB (including tax) based on a total share capital of 2,369,111,152 shares[7]. - The company has a cash dividend policy that was approved at the 2020 annual general meeting, distributing a total of 226,142,428.16 CNY (including tax) to shareholders based on a ratio of 1.05 CNY per 10 shares[187]. - The total number of shares held by the board members at the beginning of the year was 975,192,855, with a net decrease of 1,583,316 shares, resulting in an ending total of 973,609,539 shares[161]. - The total pre-tax remuneration for the reporting period for all board members amounted to 1,510.33 million CNY[161]. Corporate Governance - The company reported a standard unqualified audit opinion from Da Hua Certified Public Accountants[6]. - The company emphasizes independent operations from its controlling shareholder, maintaining separation in personnel, assets, finance, and business[149]. - The company has established a comprehensive investor relations management system, including various communication channels to engage with investors and ensure timely and accurate information disclosure[149]. - The company has committed to enhancing its governance structure in accordance with the Company Law and Securities Law, aiming to protect the interests of all shareholders[151]. - The company conducted 39 training sessions in 2021, achieving a total training participation of 13,232 person-times, with a coverage rate of 100%[182]. - The company has completed a self-examination of corporate governance and found no major issues during the process[195]. - The internal control audit report received a standard unqualified opinion, indicating effective internal controls[195]. Risk Management - The company has detailed potential risks in its annual report, particularly in the section discussing future developments[9]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in its annual report[8]. - The company will continue to strengthen internal management and sign open contracts to mitigate risks associated with fluctuations in raw material prices, particularly steel[144]. - The company recognizes the risks associated with labor shortages and rising labor costs, which could impact production and profitability[146]. Strategic Development - The company plans to focus on digital innovation and intelligent manufacturing upgrades as part of its five-year development strategy[39]. - The company aims to enhance its core steel structure business by securing significant projects across various regions[41]. - The company aims to enhance its supply chain efficiency and cost reduction through intelligent manufacturing upgrades and collaborative management systems[45]. - The company is focusing on intelligent welding technology as a breakthrough to lead the transformation and upgrading of steel structure intelligent manufacturing[135]. - The company is committed to expanding its innovative business ventures, including the development of intelligent welding technology and green building solutions, despite the uncertainties in these new markets[145]. Market Position and Expansion - The cumulative contract amount for steel structure projects reached approximately 10.709 billion yuan, representing a year-on-year growth of 6.66%[43]. - The area of steel structure projects initiated by cooperative companies reached 12.8999 million square meters, a year-on-year increase of 50.2%[44]. - The company aims to establish a "partner" mechanism to leverage local market advantages and enhance project order quality and efficiency[131]. - The company plans to expand its manufacturing capacity through a "buy and build" strategy, enhancing production efficiency and product quality via smart manufacturing upgrades[132]. - The company aims to collaborate with state-owned enterprises and local governments to promote large-scale BIPV projects and differentiate itself in the market[138]. Environmental Responsibility - The company has established 9 sets of closed spray booths and 1 fully enclosed mobile spray booth for pollution control[198]. - The total emissions of VOCs from the company are 11.96 tons per year, well below the approved total of 46.3672 tons per year[197]. - The company adheres to multiple environmental protection laws and regulations, ensuring stable operation of all environmental treatment equipment[200]. - The company has implemented a catalytic combustion process for the treatment of spray paint waste gas, which is operating normally[198]. Research and Development - The company has developed a complete set of third-generation steel structure residential construction technology, first applied in 2013 in a large-scale affordable housing project[57]. - The company has established joint laboratories with several universities to accelerate the commercialization of high-efficiency heterojunction and perovskite stacked battery technologies[138]. - The company is focusing on the development of BIPV (Building-Integrated Photovoltaics) as a new growth driver, aiming to create a comprehensive system solution for photovoltaic buildings[138]. - The company has a diverse workforce, with 3,255 production staff, 466 sales personnel, and 703 technical staff among the total employees[180].