SHTD(SH:600647)2022-03-25 16:00Financial Performance - In 2021, the company achieved a net profit attributable to shareholders of CNY 5,862,887.80, a decrease of 49.87% compared to the previous year[6]. - The operating revenue for 2021 was CNY 97,252,902.02, representing an increase of 784.15% from CNY 10,999,545.53 in 2020[22]. - The basic earnings per share for 2021 was CNY 0.0421, down 49.94% from CNY 0.0841 in 2020[23]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, which was CNY 3,568,135.12, down 50.25% from the previous year[22]. - The company’s total comprehensive income for 2021 was CNY 5,449,866.65, compared to CNY 24,774,638.56 in 2020, indicating a significant decrease[150]. - The company reported a profit distribution of CNY 544,986.66 for the year, which was allocated to surplus reserves[172]. Cash Flow and Assets - The net cash flow from operating activities was CNY 70,835,171.73, a significant recovery from a negative cash flow of CNY -19,681,086.35 in 2020[22]. - The company experienced a significant cash flow from operating activities in Q4 2021, amounting to CNY 238.77 million, following negative cash flows in the earlier quarters[9]. - Cash received from sales of goods and services increased by 100.53% to CNY 505,625,079.79, driven by higher real estate sales[46]. - The company's cash assets at the end of the period amounted to 439,260,152.43, representing 82.93% of total assets, an increase of 66.22% compared to the previous period[49]. - The ending balance of cash and cash equivalents at the end of 2021 was CNY 439,260,152.43, up from CNY 264,266,628.88 at the end of 2020[153]. Revenue Recognition and Accounting Changes - The company adjusted its revenue recognition method for building materials trade from "gross method" to "net method," impacting reported revenue figures[9]. - The adjustments in revenue recognition resulted in a decrease in reported revenue by approximately 228.19 million yuan for the consolidated profit statement[102]. - The company changed its revenue recognition method for building materials trading from gross to net, impacting the consolidated income statement and the company's income statement[102]. Risks and Future Outlook - The company has acknowledged potential risks in its future operational plans and development strategies, advising investors to be cautious[7]. - The company faces market risks due to a slowdown in China's economic growth and potential declines in market demand for building materials[57]. - The company plans to expand its investment, asset management, and trade businesses in 2022 to increase sales revenue[56]. Governance and Management - The company has established a comprehensive internal control system, including regulations for shareholder meetings and management of insider information, to prevent issues at an early stage[62]. - The company emphasizes investor relations management through various communication channels, enhancing investor understanding and maintaining a positive market image[63]. - The company has established performance evaluation standards and incentive mechanisms for its board and management, promoting transparency in personnel appointments[64]. - The company held four board meetings during the year, with all directors attending in person or via communication methods[76]. Shareholder Information - The total number of ordinary shareholders increased from 8,850 to 9,638 during the reporting period, representing a growth of approximately 8.9%[110]. - The largest shareholder, Xinda Investment Co., Ltd., holds 56,606,455 shares, accounting for 40.68% of the total shares[112]. - The company has a cash dividend policy that stipulates a minimum cash dividend of 10% of the distributable profit if there are no major investment plans or cash expenditures[85]. Financial Position - The total assets of the company increased by 4.99% to CNY 529,687,001.55 at the end of 2021, compared to CNY 504,521,343.65 at the end of 2020[22]. - The total liabilities increased to ¥196,929,585.15 in 2021 from ¥177,561,268.46 in 2020, reflecting an increase of about 10.5%[137]. - The equity attributable to shareholders increased to ¥305,303,407.28 in 2021 from ¥299,440,519.48 in 2020, showing an increase of about 1.9%[137]. Employee and Training - The total number of employees in the parent company and major subsidiaries is 29, with 20 in the parent company and 9 in subsidiaries[82]. - The company has a structured training system to enhance employee capabilities and promote overall development[84]. - The company employs a total of 8 individuals with a master's degree or higher, 13 with a bachelor's degree, and 8 with an associate degree or lower[82].