SHIBEI HI-TECH(SH:600604)2022-04-14 16:00Financial Performance - The company's operating revenue for 2021 was CNY 1,114,107,380.55, a decrease of 7.34% compared to 2020 [23]. - The net profit attributable to shareholders for 2021 was CNY 115,010,573.69, representing a decline of 34.59% year-over-year [23]. - The net cash flow from operating activities for 2021 was CNY -450,986,516.81, showing significant improvement from CNY -1,544,780,918.53 in 2020 [23]. - The total assets increased by 10.72% to CNY 21,158,502,440.13 at the end of 2021 compared to the end of 2020 [23]. - The basic earnings per share for 2021 was CNY 0.06, down 33.33% from CNY 0.09 in 2020 [23]. - The weighted average return on equity for 2021 was 1.77%, a decrease of 0.99 percentage points from 2020 [23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -21,047,511.74, a decline of 115.18% compared to the previous year [23]. - The company reported a significant reduction in sales of industrial carriers, which contributed to the decline in net profit [23]. Dividend Policy - The company plans to distribute a cash dividend of RMB 0.07 per 10 shares, totaling RMB 13,113,133.63 based on a total share capital of 1,873,304,804 shares as of the end of 2021 [6]. - The company distributed a cash dividend of RMB 0.12 per share for the year 2020, amounting to RMB 22,479,657.65, based on a total share capital of 1,873,304,804 shares [157]. - The company's cash dividend policy emphasizes a minimum distribution of 30% of the average distributable profit over the past three years, ensuring a balance between shareholder returns and sustainable development [154]. - The company's cash dividend distribution plan is subject to approval by the annual general meeting of shareholders, ensuring compliance with the company’s articles of association [158]. - The company’s profit distribution plan for 2021 is pending approval, reflecting its commitment to shareholder engagement and transparency [157]. Corporate Governance - The company has established a sound corporate governance structure and operational mechanism, ensuring compliance with relevant laws and regulations [109]. - The board of directors operates independently, with all members fulfilling their duties diligently and maintaining the interests of shareholders [109]. - The company has implemented measures to ensure the independence of its operations from its controlling shareholder, with no reported violations regarding fund or asset occupation [110]. - The company has actively engaged in investor relations management to enhance transparency and communication with shareholders [109]. - The company has established specialized committees under the board, including audit, nomination, remuneration and assessment, and strategy committees, which function effectively [109]. Risk Management - The company has outlined major risks in its report, which can be found in the section discussing future development [8]. - The company emphasizes that forward-looking statements do not constitute a commitment to investors, highlighting the importance of investment risk awareness [7]. - The company faces risks related to macroeconomic policies that could impact its core business of park development and operations, particularly in terms of financing and land acquisition costs [103]. - The company is experiencing intensified competition in the industrial park sector, particularly in high-tech industries, necessitating proactive strategies to capture market opportunities [103]. - The company is committed to strengthening its internal control systems and governance structures to enhance risk management capabilities [102]. Investment and Development - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming year [23]. - The company is developing two major projects with a total construction area of 424,500 square meters, scheduled for delivery in 2024 [34]. - The company acquired a 45% stake in Shanghai Xinshi North Enterprise Management Service Co., Ltd. for RMB 66.69 million to enhance strategic collaboration [34]. - The company is focusing on digital transformation and aims to become a leading high-tech industrial park in China and internationally [39][41]. - The company is targeting the development of high-quality enterprises in the "cloud data linkage" sector, particularly in big data and AI [97]. Community Engagement and Sustainability - The company donated RMB 600,000 for rural infrastructure improvements, including road repairs and beautification projects, as part of its community support initiatives [167]. - A total of RMB 906,000 was donated to support poverty alleviation efforts in three impoverished villages in Yunnan Province, contributing to local agricultural production and public welfare positions [167]. - The company implemented high standards for building energy efficiency, achieving an average energy consumption reduction of 15% through extensive energy diagnostics and renovations on existing buildings built before 2010 [166]. - New construction projects received national green building certifications, including two-star and three-star ratings, demonstrating the company's commitment to sustainable development [166]. Employee Management - The company has a total of 575 employees, with 101 in the parent company and 474 in major subsidiaries [147]. - The employee composition includes 55 sales personnel, 129 technical personnel, 39 financial personnel, 69 administrative personnel, and 283 property management and service personnel [147]. - The company’s salary policy emphasizes fairness, transparency, and alignment of responsibilities with benefits, aiming for sustainable and healthy development [149]. - The training plan focuses on enhancing employee capabilities and aligning with company strategy, with major training projects planned for 2022 [150]. Audit and Compliance - The company received a standard unqualified audit report from Zhonghui Certified Public Accountants [5]. - The internal control audit report for the fiscal year 2021 received a standard unqualified opinion, indicating effective internal control implementation [163]. - The company has not faced any administrative or criminal penalties in the last five years that would impact its operations [175]. - The company has not engaged in any insider trading related to the asset purchase and will uphold the integrity of the transaction process [175].