LJZ(SH:600663)2022-03-30 16:00Financial Performance - In 2021, the company achieved operating revenue of 13.872 billion yuan and a net profit attributable to shareholders of 4.311 billion yuan, representing a growth of 7.45% compared to 2020[3]. - The company's operating revenue for 2021 was approximately ¥13.87 billion, a decrease of 4.16% compared to ¥14.47 billion in 2020[36]. - Net profit attributable to shareholders for 2021 was approximately ¥4.31 billion, an increase of 7.45% from ¥4.01 billion in 2020[36]. - The net cash flow from operating activities for 2021 was approximately ¥3.71 billion, a significant recovery from a negative cash flow of ¥702 million in 2020[36]. - Total assets at the end of 2021 reached approximately ¥120.90 billion, reflecting a 19.28% increase from ¥101.35 billion at the end of 2020[36]. - The company's net assets attributable to shareholders increased by 11.39% to approximately ¥22.57 billion at the end of 2021, up from ¥20.26 billion at the end of 2020[36]. - Basic earnings per share for 2021 were ¥1.0686, representing a 7.45% increase from ¥0.9945 in 2020[37]. - The weighted average return on equity for 2021 was 20.45%, a decrease of 0.79 percentage points from 21.24% in 2020[37]. - The company reported a net profit of approximately ¥3.71 billion after deducting non-recurring gains and losses, a decrease of 3.39% from ¥3.84 billion in 2020[36]. - The company has maintained a strong financial position, with a significant increase in total assets and net assets, indicating robust operational performance[36]. Real Estate Development - The total building area of commercial properties reached approximately 460,000 square meters, with Shanghai L+MALL achieving a rental rate of 95% and an average rent of 10.47 yuan per square meter per day[9]. - The company has 23 operational Grade A office buildings with a total building area of about 1.91 million square meters, primarily located in key areas of Shanghai[5]. - The company is currently developing several projects, including the Zhangjiang Central District and Chuan Sha areas, with a total planned area of 479,754 square meters expected to be completed by 2024[8]. - The company has several ongoing projects, including the Zhangjiang Central District 75-02 plot with a planned area of 66,960 square meters, expected to be completed in 2023[21]. - The company is developing multiple commercial properties, including the Zhangjiang Central District 73-02 plot with a building area of 43,227 square meters, expected to be completed in 2023[11]. - The company has a total of 205,213 square meters of commercial property under development, with an equity area of 252,947 square meters[12]. - The company has ongoing projects in various regions, including residential, commercial, and educational developments, with significant areas under construction such as 127,840 square meters in Qiantan International Business District[79]. - The company has completed several school projects in Suzhou, contributing to the educational sector with a total area of 54,287 square meters[79]. Hospitality Sector - The company has four hotels, with the average GOP rate for 2021 being 29.31% for Dongyi Hotel, 31.23% for Lujiazui Mingcheng Hotel, and 16.48% for Tianjin Lujiazui Courtyard Hotel[14]. - The average occupancy rate for Lujiazui Mingcheng Hotel was 98.19% in 2021, indicating strong performance in the hospitality sector[14]. - The company’s hotel properties generated revenue of 110 million yuan in 2021, a year-on-year increase of 44.74%[54]. Financial Services - The company aims to enhance its financial service competitiveness and deepen the integration of financial and regional development businesses[3]. - Financial services revenue for 2021 reached 2.94 billion RMB, accounting for 21.20% of total revenue[59]. - The financial services segment aims to improve operational efficiency and maintain a positive business outlook[65]. - The financial services sector is expected to benefit from the dual circulation development pattern, promoting healthy capital market growth and reducing financing costs for the real economy[45]. - The company plans to implement a dual-driven strategy of "regional development + financial services" in 2022, focusing on optimizing structure and risk prevention[110]. Market Trends and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36]. - The commercial real estate market is gradually recovering, but faces challenges due to changing consumer habits and increased competition[102]. - The company aims to improve its operational capabilities and service quality in commercial real estate to adapt to the evolving market landscape[102]. - The pandemic has accelerated the shift towards online consumption, with offline retail adjusting its business models; active sectors now include dining, entertainment, and luxury goods, while children's education has been negatively impacted[104]. - Digital transformation is becoming crucial for commercial real estate, with companies leveraging cloud computing and big data for precise marketing and improved operational efficiency[104]. - The company plans to enhance its brand image and product lines based on existing commercial offerings, aiming for scale effects and increased brand recognition[106]. Governance and Management - The company maintains a strong governance structure to ensure the independence of its operations and protect shareholder interests[112]. - The company has established specialized committees for audit, nomination, compensation, and strategy to enhance governance[133]. - The company’s management remuneration is determined based on performance evaluation systems and is subject to approval by the board[127]. - The company has not faced any penalties from securities regulatory authorities in the past three years, indicating compliance with regulations[128]. - The company’s independent audit of the company's internal control for 2021 was performed by PwC, resulting in a standard unqualified opinion[151]. Shareholder Information - The company plans to distribute a cash dividend of RMB 5.35 per 10 shares, totaling RMB 2,158,295,630.40, which represents 50.07% of the net profit attributable to shareholders for 2021[145]. - The total number of shares held by Chairman Li Jinzhao increased from 43,200 to 150,000, reflecting a change of 106,800 shares due to secondary market transactions[118]. - The total number of shares held by all executives increased from 869,148 to 1,219,848, with a total change of 350,700 shares during the reporting period[119]. - The total number of common shareholders as of the end of the reporting period was 123,111, an increase from 118,045 at the end of the previous month[184]. Compliance and Risk Management - The company is committed to enhancing risk management capabilities and building a comprehensive financial risk prevention network[110]. - The company has committed to avoiding any direct or indirect competition with its subsidiaries in financial services, ensuring compliance with its commitments since August 26, 2016[156]. - The company guarantees the independence of its financial operations, ensuring separate financial accounting and management systems[159]. - The company has established a commitment to avoid any illegal occupation of the listed company's funds and assets[160].