BLACK PEONY(SH:600510)2022-04-25 16:00Financial Performance - The net profit attributable to shareholders of the listed company for 2021 was RMB 662,578,669.29, while the net profit for the parent company was RMB 227,699,086.41[6]. - The company's operating revenue for 2021 was ¥9,826,675,067.63, a decrease of 3.77% compared to ¥10,211,603,633.42 in 2020[31]. - The net profit attributable to shareholders for 2021 was ¥662,578,669.29, down 16.95% from ¥797,802,723.70 in 2020[31]. - The net cash flow from operating activities for 2021 was -¥1,819,479,242.61, a significant decline compared to ¥928,025,191.33 in 2020, representing a decrease of 296.06%[31]. - The total assets at the end of 2021 were ¥34,827,583,943.26, an increase of 3.21% from ¥33,744,928,407.13 at the end of 2020[31]. - The net assets attributable to shareholders at the end of 2021 were ¥9,373,074,613.57, reflecting a growth of 5.32% compared to ¥8,899,841,103.81 at the end of 2020[31]. - The basic earnings per share for 2021 was ¥0.64, down 18.99% from ¥0.79 in 2020[31]. - The weighted average return on equity for 2021 was 7.24%, a decrease of 2.02 percentage points from 9.26% in 2020[31]. - The net profit after deducting non-recurring gains and losses for 2021 was ¥637,888,227.51, a decrease of 17.18% from ¥770,198,699.36 in 2020[31]. - The diluted earnings per share for 2021 was also ¥0.64, consistent with the basic earnings per share, indicating no dilution effect[31]. Dividend Distribution - The proposed cash dividend distribution is RMB 2.30 per 10 shares, totaling RMB 240,301,337.98, which accounts for 36.27% of the net profit attributable to shareholders[6]. - The total number of shares for the dividend distribution is based on 1,044,788,426 shares after deducting repurchased shares[6]. - The cash dividend policy aligns with the company's articles of association and has been approved by the shareholders' meeting[193]. Corporate Governance - The board of directors and supervisory board members have all attended the board meeting, ensuring the integrity of the annual report[5]. - The audit report issued by the accounting firm was a standard unqualified opinion, affirming the accuracy of the financial statements[5]. - The company maintains a robust governance structure, ensuring independence from its controlling shareholders in assets, personnel, finance, and operations[145]. - The company has successfully held multiple shareholder meetings, with significant participation rates, ensuring transparency and compliance with governance standards[148]. - The company has established several specialized committees, including the audit committee and the strategic committee, to enhance governance[176]. Risk Management - The company has outlined potential risks in its future development in the management discussion and analysis section[10]. - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors, highlighting the importance of investment risk awareness[7]. - The company is actively managing risks related to delayed receivables from clients, implementing measures such as securing collateral and exploring debt-to-equity swaps to mitigate potential losses[141]. Business Strategy and Development - The company aims to strengthen its new infrastructure business and optimize urbanization construction during the "14th Five-Year Plan" period[43]. - The company is focusing on digital transformation and upgrading its financial management system[42]. - The company is actively expanding its urbanization construction business in regions such as Changzhou, Suzhou, and Wuxi, leveraging government support for high-tech industrial development[51]. - The company is investing in R&D for product innovation and technology upgrades to enhance operational efficiency[58]. - The company is committed to optimizing its supply chain collaboration and improving production cost and energy management[138]. Market Performance - The company reported a GDP growth of 8.1% for the year, indicating a recovery from the pandemic[42]. - The company achieved operating revenue of 982,667.51 million yuan, a year-on-year decrease of 3.77%[62]. - The company is actively expanding its market presence in various sectors, including telecommunications, finance, and industrial applications, with significant project wins[66]. Human Resources and Talent Management - The company has established a talent cultivation mechanism focusing on internal training and external recruitment to enhance its human resources for sustainable development[189]. - The company has implemented a multi-level, categorized long-term incentive mechanism for key positions and core personnel[188]. - The company emphasizes the importance of attracting and retaining talent to build specialized teams in R&D, technology, and management amidst fierce competition for skilled personnel[141]. Subsidiaries and Investments - The company has established new subsidiaries including Aite Electric and Danhong Real Estate, indicating a strategy for market expansion and diversification[1]. - The company is actively expanding its investment portfolio while maintaining a focus on strategic sectors such as new infrastructure and real estate development[126]. - The company completed a strategic investment of ¥495 million in CRRC New Energy, increasing its shareholding to 5.69%[77]. Environmental and Social Responsibility - The company has initiated a carbon neutrality work plan and completed its carbon neutrality target report[42]. - The company is committed to improving livelihoods and maintaining economic operations within a reasonable range amid pressures of demand contraction and supply shocks[130]. Financial Management - The company has diversified financing channels and maintains a stable cash flow, supported by an "AA+" credit rating[61]. - The total financing amount at the end of the reporting period was RMB 929,108.40 million, with an average financing cost of 4.66%[121]. - The company is focused on expanding its financing channels and strengthening financial management to enhance business development capabilities[141].