EBJB(SH:600622)2022-04-29 16:00Financial Performance - The company's operating revenue for 2021 was approximately RMB 4.09 billion, an increase of 3.99% compared to RMB 3.94 billion in 2020[20]. - The net profit attributable to shareholders for 2021 was approximately RMB 365.30 million, a decrease of 11.43% from RMB 412.45 million in 2020[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 321.07 million, an increase of 26.07% from RMB 254.69 million in 2020[20]. - The net cash flow from operating activities for 2021 was approximately RMB 3.90 billion, a significant increase of 181.56% compared to RMB 1.39 billion in 2020[20]. - The total assets at the end of 2021 were approximately RMB 35.38 billion, an increase of 4.42% from RMB 33.88 billion at the end of 2020[20]. - The net assets attributable to shareholders at the end of 2021 were approximately RMB 7.10 billion, an increase of 6.30% from RMB 6.68 billion at the end of 2020[20]. - The basic earnings per share for 2021 were RMB 0.24, a decrease of 14.29% from RMB 0.28 in 2020[21]. - The diluted earnings per share for 2021 were also RMB 0.24, reflecting the same decrease of 14.29% from RMB 0.28 in 2020[21]. - The weighted average return on equity for 2021 was 5.30%, a decrease of 1.02 percentage points from 6.32% in 2020[21]. Revenue and Sales Growth - In Q1, the company reported operating revenue of CNY 54,895.53 million, which increased to CNY 170,021.23 million by Q4, reflecting a growth of 209% over the year[23]. - The net profit attributable to shareholders rose from CNY 3,488.69 million in Q1 to CNY 19,251.99 million in Q4, marking an increase of 453%[23]. - The company achieved residential sales of approximately 120,000 square meters through a combination of online and offline sales strategies[31]. - The total sales area of new residential buildings in Shanghai was 14.8995 million square meters, reflecting a growth of 3.9%[37]. - The company reported a total of 1,094 employees, with 660 holding a college degree or above[137]. Investment and Asset Management - The company launched the "Guangda Anshi Technology Park," which became one of the first public REITs approved in China, listed on the Shanghai Stock Exchange[32]. - The company expanded its portfolio to include 22 shopping centers, increasing the total managed area to over 2.5 million square meters[32]. - The company’s investment income increased by 34.48% to CNY 171.95 million, driven by the inclusion of real estate fund projects in the consolidated financial statements[43]. - The company’s real estate asset management business generated total revenue of RMB 695.49 million, including management and consulting service fees of RMB 502.58 million[71]. - The management scale of the real estate asset management business at the end of the reporting period was RMB 46,500.17 million, with a total of 37 projects under management[71]. Financial Structure and Expenses - The financial expenses for the reporting period amounted to CNY 57,805.64 million, an increase of CNY 9,757.07 million compared to the previous year, mainly due to the inclusion of Shanghai Leitai Investment Center and Shanghai Jiabao Anshi Real Estate in the consolidated financial statements[54]. - The company’s sales expenses rose by 38.05% to CNY 195.56 million, attributed to increased marketing efforts[44]. - The company's tax and additional charges amounted to CNY 47,443.78 million, an increase of CNY 12,263.98 million year-on-year, mainly due to increased tax liabilities from real estate development[46]. - The company’s investment management and asset management services generated a total revenue of RMB 36,127.45 million from its consulting services[95]. Corporate Governance and Management - The company held three shareholder meetings in 2021, with key resolutions including the approval of liability insurance for directors and senior management, and amendments to the Articles of Association and Shareholders' Meeting Rules[109]. - The total remuneration for directors and senior management in 2021 amounted to 1,537.23 million yuan, with individual compensation for the chairman at 118.20 thousand yuan and the president at 170.07 thousand yuan[111]. - The company reported a stable management structure with no significant changes in the board of directors or senior management during the reporting period[113]. - The company has strengthened its governance structure with recent appointments to the board, enhancing oversight and strategic direction[118]. - The company has established several specialized committees, including the Audit and Risk Management Committee and the Strategic Committee, to enhance governance[127]. Risk Management and Compliance - The company will enhance its risk control measures and internal management systems to address potential market and financial risks[103]. - The company has committed to avoiding competition with its controlling shareholder and related parties, ensuring no conflicts of interest[155]. - The internal control system was effectively established and implemented, with no significant deficiencies reported during the period[145]. - The company has maintained compliance and integrity, with no significant debts or regulatory issues reported[164]. - The company has not faced any penalties from securities regulatory agencies in the past three years[124]. Future Outlook and Strategic Plans - The company provided a positive outlook for 2022, projecting a revenue growth of 10% to 12%, aiming for a total revenue between 1.32 billion and 1.344 billion[117]. - The company plans to focus on real estate projects aimed at urban renewal, particularly in first-tier cities and healthy developing second and third-tier cities[87]. - The company aims to enhance project management capabilities and improve operational quality, focusing on asset management efficiency and risk management[102]. - The company is committed to building a healthy corporate culture through strict compliance and integrity management practices[103]. - The company is focused on becoming a leading cross-border investment and asset management platform in the real estate sector[39].