GWYD(SH:600517)2022-04-20 16:00Financial Performance - The total revenue for the year 2021 reached CNY 9.485 billion, representing a year-on-year growth of 17.22%[3] - The net profit attributable to shareholders was CNY 1.224 billion, with a year-on-year increase of 4.07%[3] - Basic earnings per share (EPS) was CNY 0.214, reflecting a growth of 0.94% compared to the previous year[3] - The revenue from Yingda Trust was CNY 2.252 billion, up 24.92% year-on-year, while its net profit decreased by 0.43% to CNY 1.232 billion[3] - Yingda Securities achieved a revenue of CNY 1.494 billion, marking a 21.59% increase, and a net profit of CNY 411 million, which is a 28.56% increase[3] - Total operating income for 2021 reached ¥9,485,273,791.55, an increase of 17.22% compared to ¥8,091,587,654.49 in 2020[21] - Net profit attributable to shareholders was ¥1,223,922,770.27, reflecting a growth of 4.07% from ¥1,176,009,762.34 in the previous year[21] - The company reported a total operating income of 3.843 billion RMB in Q4 2021, with a quarterly net profit of 243 million RMB[24] - The company achieved a total operating revenue of 9.485 billion RMB in 2021, representing a year-on-year growth of 17.22%[30] - The net profit attributable to shareholders of the listed company was 1.224 billion RMB, an increase of 4.07% compared to the previous year[30] Cash Flow and Assets - The net cash flow from operating activities for 2021 was ¥761,481,737.72, a significant recovery from a negative cash flow of ¥195,512,120.34 in 2020[21] - The company’s total assets increased by 13.18% to ¥44,908,856,477.14 at the end of 2021, up from ¥39,679,969,181.69 at the end of 2020[21] - The company’s net assets attributable to shareholders increased by 6.19% to ¥18,338,602,209.76 at the end of 2021, compared to ¥17,269,918,410.89 at the end of 2020[21] - The company’s cash and cash equivalents at the end of the reporting period amounted to CNY 1.28 billion, a 38.29% increase from the previous period[85] - The company’s total assets at the end of the reporting period were CNY 72.29 billion, with a net asset increase of 19.07% year-on-year[88] Business Strategy and Development - The company plans to distribute a cash dividend of CNY 0.66 per 10 shares, totaling CNY 377.42 million, with a cash dividend payout ratio of 30.8%[7] - The company aims to enhance its capabilities in green finance and carbon asset management, with a new green trust business scale exceeding CNY 7 billion[4] - The company is committed to maintaining a dual main business model of "finance + manufacturing" to drive sustainable growth[5] - The company has established a comprehensive risk management system to mitigate financial risks and enhance operational efficiency[4] - The company is actively expanding its carbon asset management services, having developed 8 methodologies for carbon reduction and providing comprehensive carbon management services[61] - The company plans to continue expanding its market presence and developing new technologies to enhance its competitive edge[65] - The company aims to achieve a total revenue of 10 billion yuan and a profit of 2.3 billion yuan in 2022[107] - The company plans to accelerate the development of green finance products and services, focusing on clean energy projects and carbon asset management[107] Research and Development - Research and development expenses increased by 44.02% to 132.74 million RMB, reflecting the company's commitment to innovation[64] - The total R&D investment amounted to ¥231,901,892.19, representing 4.06% of operating revenue[80] - The company is investing heavily in R&D, with a budget allocation of 10 million for new technology development in the upcoming year[128] - The company has increased its R&D efforts on products such as amorphous closed-loop three-dimensional distribution transformers and all-vanadium flow batteries, positively impacting innovation and market competitiveness[82] Environmental and Social Responsibility - The total carbon emissions for the year 2021 were 16,353 tons, a reduction of 3,117 tons or 16% compared to the previous year[158] - The company has achieved carbon neutrality for two consecutive years by purchasing CCER credits[158] - The company has established a charity trust with a fundraising target of 1 million yuan to support local education and infrastructure in rural areas[161] - The company emphasizes green office practices and has adopted a "paperless" approach to reduce energy consumption[159] - The company is actively promoting the development of a green supply chain to enhance resource utilization efficiency across the industry[159] Governance and Compliance - The company received an "A" grade for its information disclosure practices from the Shanghai Stock Exchange for the 2020 to 2021 period, reflecting its commitment to transparency[119] - The company revised 13 governance rules, enhancing its internal management and compliance systems during the reporting period[120] - The company held 3 shareholder meetings during the reporting period, ensuring compliance with legal regulations and providing equal rights to all shareholders, especially minority shareholders[115] - The company has maintained a transparent and compliant decision-making process regarding profit distribution, ensuring the protection of minority shareholders' rights[148] Market and Competitive Position - The company’s financial subsidiaries, including Yingda Trust and Yingda Securities, contributed to the overall financial service offerings for the energy industry[30] - The company launched a series of green financial products, including the first "carbon neutral" asset-backed commercial paper[30] - The company’s manufacturing subsidiary, Zhixin Electric, made significant advancements in high-end, intelligent, and green equipment manufacturing[30] - The company is focusing on sustainability initiatives, with a commitment to reduce carbon emissions by 30% by 2025[128] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[129]