CJJG(SH:600496)2022-04-29 16:00Financial Performance - The company's operating revenue for 2021 was CNY 15,141,359,771.88, representing a 31.85% increase compared to CNY 11,484,018,588.47 in 2020[18]. - The net profit attributable to shareholders of the listed company was CNY 686,807,088.65, a 6.19% increase from CNY 646,762,777.21 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 634,212,959.61, up 7.42% from CNY 590,406,875.82 in 2020[18]. - The company reported a negative cash flow from operating activities of CNY -242,599,848, a significant decrease compared to CNY 424,151,095 in 2020[18]. - The weighted average return on equity decreased by 1.38 percentage points to 9.56%[28]. - The company reported a net cash flow from operating activities of 352.26 million yuan in the fourth quarter[24]. - The company achieved a revenue of 15.14 billion RMB, representing a year-on-year growth of 31.85%[79]. - The net profit attributable to shareholders was 687 million RMB, an increase of 6.19% compared to the previous year[79]. - The net cash flow from operating activities was -243 million RMB, indicating a significant decline from the previous year's positive cash flow[80]. Dividend and Capital Management - The company plans to distribute a cash dividend of CNY 0.36 per 10 shares, totaling CNY 72,463,476.56, which accounts for 10.55% of the net profit attributable to shareholders[4]. - The company does not plan to increase capital reserves to share capital this year[4]. - The company has established a cash dividend policy, ensuring a minimum distribution of 30% of the average distributable profit over the last three years when conditions allow[191]. - The cash dividend policy is aligned with the company's articles of association and shareholder meeting resolutions, with clear standards and procedures in place[192]. - The company has committed to distributing profits in cash, provided it has positive retained earnings and sufficient cash flow for normal operations and long-term development[191]. Contracts and Business Development - The company signed a total of 441 new contracts with a cumulative contract value of 16.949 billion yuan, representing a year-on-year increase of 13.29%[30]. - New contracts in public building projects, primarily from government clients, amounted to 6.439 billion yuan, a year-on-year increase of 33.57%[34]. - Industrial building contracts signed totaled 7.249 billion yuan, with approximately 80% of orders coming from emerging industries such as 5G and new energy vehicles[34]. - The company signed 43 new EPC contracts, generating revenue of 4.168 billion yuan, accounting for 27.89% of main business income[35]. - The total amount of new contracts signed during the reporting period was 169.49 billion RMB, indicating strong demand in the market[117]. - As of the end of the reporting period, the total amount of orders on hand was 193.04 billion RMB, with 37.13 billion RMB in signed contracts yet to commence[118]. Innovation and Technology - The company established a new technical research and development expert committee, including 5 external experts and 12 internal experts, to enhance innovation capabilities[40]. - The company’s digital transformation year saw the successful signing of 10 projects, covering 5 provinces, marking a breakthrough in software sales[41]. - The company is collaborating with Beijing Guli Technology to develop a domestic BIM platform, enhancing its technological capabilities in the construction industry[75]. - The JID integrated software for industrial building design has improved design cycles by 50% and accuracy by over 40%, marking a significant advancement in the company's digital transformation[74]. - The company has received 35 patents and 2 provincial-level construction methods, reflecting its commitment to continuous innovation[65]. Market and Industry Trends - The construction industry is facing a labor supply shortage, with a decrease of 1.56% in the workforce from the previous year, totaling 52.83 million workers[59]. - The government aims for the steel structure usage to reach approximately 140 million tons by the end of 2025, accounting for over 15% of national crude steel output[60]. - Steel structure buildings are projected to constitute 15% of new building area by 2025, with policies encouraging their adoption in public buildings[60]. - The company anticipates that smaller steel structure enterprises lacking innovation will be gradually eliminated from the market, leading to industry consolidation[133]. Risk Management and Governance - The company has detailed potential risks in its management discussion and analysis section[4]. - The company has established a mechanism to track steel price fluctuations and adjust procurement strategies accordingly[143]. - The company actively engages in risk assessment and management to enhance accounts receivable management[138]. - The company has a governance structure in place that complies with relevant laws and regulations, ensuring effective decision-making and supervision[146]. - The company has maintained a comprehensive risk management system, focusing on financial data analysis and enhancing financial warning capabilities[197]. Employee and Management Structure - The total number of shares held by the chairman and CEO, Fang Chaoyang, remained unchanged at 5,028,124 shares, with a pre-tax remuneration of 1.4415 million yuan[157]. - The total pre-tax remuneration for the executive chairman, Sun Guanfeng, was 1.3503 million yuan, with no change in his shareholding of 396,000 shares[157]. - The company reported a total of 7,115 employees, with 1,032 in the parent company and 6,083 in major subsidiaries[186]. - The company has established a dual career development path for employees, allowing for independent progression in management and professional roles[187]. - The company has implemented a comprehensive training system to strengthen talent development across its business lines[188]. Strategic Investments - The company plans to invest 7.549 billion in the Jiangxi intelligent manufacturing industrial park project, which will add 200,000 tons of steel structure capacity upon completion[126]. - The company has invested 1 billion in the construction of a new manufacturing base for Jiangsu Jinggong Steel Structure Co., Ltd., with a total planned investment of 2 billion[122]. - The company plans to issue 2 billion RMB in convertible bonds to support projects including the Liu'an Technician College and the Yangtze Precision Manufacturing Industrial Park, as well as to supplement working capital[180]. - The company is focusing on the development of prefabricated buildings and promoting the use of steel structures in schools and hospitals[131]. Awards and Recognition - The company received 4 National Quality Engineering Awards, 5 Luban Awards, and 25 China Steel Structure Gold Awards during the reporting period, showcasing its industry leadership[37]. - The company has won multiple industry awards, including 2 Luban Awards and 5 National Quality Engineering Gold Awards, showcasing its strong technical capabilities[65].