DTPC(SH:600719)2022-04-28 16:00Financial Performance - In 2021, the company's operating revenue was approximately ¥659.68 million, a decrease of 2.16% compared to ¥674.24 million in 2020[20]. - The net profit attributable to shareholders was a loss of approximately ¥143.22 million, a significant decline from a profit of ¥9.66 million in 2020, representing a decrease of 1,582.86%[20]. - The net cash flow from operating activities was approximately ¥64.62 million, down 58.23% from ¥154.71 million in 2020[20]. - The basic earnings per share for 2021 was -¥0.354, a decrease of 1,575.00% compared to ¥0.024 in 2020[21]. - The weighted average return on equity was -21.35%, a decrease of 22.65 percentage points from 1.30% in 2020[21]. - The company reported a total non-operating loss of approximately 33.47 million in 2021, compared to a loss of 393,965 in 2020[28]. - The company achieved an operating revenue of RMB 660 million, a decline of 2.16% year-on-year, while the net profit was -RMB 143 million, a decrease of 1582.86% compared to the previous year[41]. - The company’s net profit decreased significantly, with undistributed profits showing a decline of 234.26% to -83.94 million RMB[56]. - The company reported a total of 2,803,196.88 RMB in profit distribution during the year[196]. Assets and Liabilities - The total assets at the end of 2021 were approximately ¥2.81 billion, an increase of 3.69% from ¥2.71 billion at the end of 2020[20]. - The net assets attributable to shareholders decreased by 19.70% to approximately ¥597.16 million from ¥743.61 million in 2020[20]. - The company's total assets reached RMB 2.81 billion, with a net asset total of RMB 597 million, reflecting a growth of 3.30% and a decrease of 19.70% respectively compared to the beginning of the year[41]. - Total liabilities reached RMB 2,213,174,997.98, up from RMB 1,966,771,605.51 in the previous year, indicating an increase of about 12.5%[168]. - The company's total equity attributable to shareholders decreased to RMB 597,158,063.30 from RMB 743,614,625.00, a decline of about 19.7%[169]. Operational Efficiency - The company reduced main equipment failure rates by 20% year-on-year, improving overall operational health[32]. - The company implemented a production model based on demand, achieving advanced heating consumption levels within the province[31]. - The company achieved a 100% completion rate for service requests and satisfaction rate in heating services, enhancing its brand influence in the region[33]. - The company is focusing on reducing losses and improving profitability by accelerating the construction of key projects in the heating business[70]. - The company optimized human resource allocation, reducing labor costs while maintaining operational efficiency[36]. Market and Industry Challenges - The company faced non-operating fund occupation by controlling shareholders and related parties[8]. - The company has outlined various industry and policy risks in its annual report, urging investors to pay attention to these risks[8]. - The company anticipates ongoing high commodity prices, particularly in coal, which will continue to challenge cost control[67]. - The company is facing risks related to rising raw material prices and market volatility in the heating sector, which may impact revenue stability[74]. Governance and Compliance - The company has improved its information disclosure quality, ensuring that reports are true, accurate, complete, timely, and fair, while actively disclosing industry information[78]. - The company signed a management entrustment agreement with its controlling shareholder, Dalian Thermal Power Group, to avoid competition, receiving a management fee of 3 million yuan per year[79]. - The company has established a comprehensive internal control system, which was approved by the board of directors, to ensure compliance with relevant laws and regulations[111]. - The internal control audit report indicated a significant deficiency in financial reporting controls, leading to a negative opinion from the auditing firm[112]. - The company has implemented measures to enhance governance and compliance, including training for directors and management on relevant laws and regulations[114]. Environmental Commitment - The actual emissions for particulate matter, SO₂, and NOx in 2021 were significantly below the allowed limits, demonstrating the company's commitment to environmental standards[116][117]. - The pollution control facilities at Beihai Thermal Power Plant 1-4 are operating stably, ensuring emissions meet ultra-low standards for particulate matter, sulfur dioxide, and nitrogen oxides[118]. - The company is committed to sustainability and is implementing initiatives to reduce its environmental impact[86]. - The company has increased coal procurement efforts to ensure sufficient reserves for winter heating, receiving commendation from local government for its contributions to energy security[125]. Human Resources - The company had a total of 749 employees, with 724 in the parent company and 25 in major subsidiaries[103]. - The workforce composition includes 598 production personnel, 18 sales personnel, 70 technical personnel, 11 financial personnel, and 52 administrative personnel[103]. - The company implemented a salary policy linking total wages to corporate performance, emphasizing fair and objective evaluations[104]. - In 2021, the company completed a professional question bank with 7,000 entries as part of its training program[105]. - The company achieved a 100% certification rate for special operations personnel in safety training[105]. Future Outlook - The company is focusing on the sustainable development of the heating industry, which is expected to grow steadily due to increasing urbanization and energy reforms[59]. - The company plans to enhance production efficiency and reserve development potential through the "steam to water" initiative, aiming for sustainable development[69]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[86]. - The company has set ambitious targets for revenue growth in the upcoming fiscal year, aiming for a significant increase compared to the previous year[86].