SHTD(SH:600647)2022-05-27 16:00Financial Performance - The company achieved a net profit attributable to shareholders of 5,862,887.80 yuan in 2021, a decrease of 49.87% compared to the previous year[6]. - Operating revenue for 2021 was 97,252,902.02 yuan, representing an increase of 784.15% year-on-year[22]. - The net cash flow from operating activities was 70,835,171.73 yuan, a significant improvement from -19,681,086.35 yuan in 2020[22]. - Basic earnings per share for 2021 were 0.0421 yuan, down 49.94% from 0.0841 yuan in 2020[23]. - The weighted average return on equity decreased to 1.94% in 2021, down 2.04 percentage points from the previous year[23]. - The company reported a total revenue of 239.19 million RMB before adjustments, which was revised to 10.99 million RMB after the correction[103]. - The comprehensive income for the year was CNY 5,862,887.80, compared to CNY 11,695,170.63 in the previous year, indicating a decrease of about 49.8%[163]. - The company reported a profit distribution of CNY 2,477,463.86, which was allocated to surplus reserves, reflecting a strategic focus on strengthening financial stability[165]. Assets and Liabilities - The total assets at the end of 2021 amounted to 529,687,001.55 yuan, up 4.99% from the previous year[22]. - The company's net assets attributable to shareholders increased by 1.96% to 305,303,407.28 yuan as of the end of 2021[22]. - Total current assets increased to ¥492,657,864.40 in 2021 from ¥465,891,610.01 in 2020, representing a growth of approximately 5.5%[136]. - Total liabilities increased to ¥196,929,585.15 in 2021 from ¥177,561,268.46 in 2020, reflecting an increase of approximately 10.5%[137]. - The company's total equity at the end of 2021 was CNY 303,829,209.90, an increase from CNY 279,054,571.34 at the end of 2020, representing an increase of approximately 8.9%[170]. Revenue Sources - The company achieved total operating revenue of 97,252,902.02 RMB in 2021, a significant increase of 784.15% compared to the previous year[36]. - The company’s real estate sales revenue reached 8,094,000 RMB, which was the primary source of its operating income for the year[34]. - The company reported a total of 1,470,000 RMB in revenue from building materials trade, indicating ongoing efforts to expand this business segment[34]. Cash Flow - Cash flow from operating activities showed a net inflow of 70,835,171.73 RMB, a recovery from a net outflow of 19,681,086.35 RMB in the previous year[36]. - Cash received from sales of goods and services was 505.63 million yuan, a 100.53% increase compared to the previous year[46]. - Cash inflow from investment activities was ¥104,158,351.82, compared to ¥24,398,590.78 in 2020, marking an increase of over 326%[155]. Corporate Governance - The company emphasizes transparent information disclosure to ensure equal access to information for all shareholders[63]. - The company has established a fair and transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management[64]. - The board of directors includes independent directors who have extensive experience in finance and investment[69]. - The company has not reported any significant changes in competition or business operations that would impact its performance[65]. Risk Management - The company has outlined potential risks in its future operational plans and development strategies[7]. - The company faces market risks due to a slowdown in China's economic growth and potential declines in market demand[57]. - The company has established a comprehensive internal control system to mitigate various risks[62]. Employee and Management - The company employed a total of 29 staff members, with 20 in the parent company and 9 in major subsidiaries[82]. - The company has established a competitive salary policy based on job responsibilities, annual performance evaluations, and industry salary levels[83]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 3.2685 million yuan[67]. Dividend Policy - The company maintains a cash dividend policy that emphasizes continuity and stability, with a minimum cash dividend of 10% of the distributable profit if no major investment plans arise[85]. - The company has not proposed a cash profit distribution plan for the reporting period, primarily due to funding arrangements for business expansion[93]. - The company aims to ensure that minority shareholders have ample opportunities to express their opinions and that their rights are protected during dividend decision-making processes[89]. Accounting and Financial Reporting - The financial statements are prepared in accordance with the enterprise accounting standards, reflecting the company's financial position, operating results, changes in shareholders' equity, and cash flows accurately[181]. - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2021[123]. - The company has implemented internal control measures and has not reported any significant deficiencies during the reporting period[96].