SID(SH:600748)2022-03-30 16:00Financial Performance - The company's operating revenue for 2021 was CNY 10,269,130,754.90, representing a 37.74% increase compared to CNY 7,455,474,889.55 in 2020[24]. - The net profit attributable to shareholders for 2021 was CNY 531,619,032.23, a significant increase of 374.09% from CNY 112,134,071.11 in the previous year[24]. - Basic earnings per share (EPS) increased to CNY 0.27 in 2021, up 800% from CNY 0.03 in 2020[27]. - The weighted average return on equity rose to 4.97% in 2021, an increase of 4.39 percentage points compared to 0.58% in 2020[27]. - The net profit attributable to shareholders for Q4 2021 was CNY 123.81 million, while the net profit after deducting non-recurring gains and losses was a loss of CNY 785.54 million[28]. - Total operating revenue for Q4 2021 reached CNY 5.16 billion, showing a significant contribution to annual revenue[28]. - The company reported a total revenue of 1.2 billion in 2021, representing a year-over-year increase of 15%[114]. - The company provided a future outlook with a revenue guidance of 1.5 billion for 2022, indicating a growth target of 25%[114]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 3,553,149,888.41, a decrease of 547.41% compared to CNY 794,163,321.40 in 2020[24]. - The total assets at the end of 2021 were CNY 39,574,493,270.22, down 3.68% from CNY 41,085,169,750.52 in 2020[24]. - The company reported a net cash flow from operating activities of CNY 449.67 million in Q4 2021, recovering from previous quarters' negative cash flows[28]. - The company’s total liabilities increased due to the adjustments made under the new leasing standard, reflecting a shift in accounting policy[167]. - Total assets amounted to approximately ¥41.09 billion, with a slight decrease of ¥20.64 million compared to the previous period[174]. Dividends and Retained Earnings - The company plans to distribute a cash dividend of CNY 0.87 per 10 shares, totaling CNY 160,476,971.60[6]. - The company reported a retained earnings balance of CNY 1,749,295,158.40 to be carried forward to the next year[6]. - In 2021, the company distributed a cash dividend of RMB 1.56 per 10 shares, totaling RMB 287,751,811.15, based on a total share capital of 1,844,562,892 shares as of the end of 2020[143]. Risks and Audit - The company has acknowledged potential risks in its future development, which are detailed in the management discussion section[8]. - The company has received a qualified audit opinion from its accounting firm, which has been explained in detail in the report[5]. - The company initiated a comprehensive internal investigation regarding the risk associated with its subsidiary, Shanshi Longchuang, which reported receivables of approximately RMB 2.615 billion, with some deemed unrecoverable[36]. Real Estate and Construction - In 2021, the company achieved a total real estate sales area of approximately 240,000 square meters, with a total sales amount of approximately RMB 6.252 billion, representing a year-on-year increase of about 25%[40]. - The company successfully acquired the North Bund No. 91 land plot in Shanghai for RMB 9.106 billion, planning to construct a 480-meter tall building, marking a significant strategic project[40]. - The company maintained an average leasing rate of 90% in its property management segment, despite a downward trend in the overall rental market[40]. - The company has eight ongoing construction projects with a total area of approximately 1.5 million square meters, achieving set goals in quality, progress, and safety[40]. - The company is focusing on integrating new technologies and sustainable practices in construction, enhancing its capabilities in green and smart building applications[36]. Management and Governance - The company has established a comprehensive governance structure to ensure compliance with regulatory requirements and protect investor interests[101]. - The company reported a total pre-tax remuneration of 1,111.6 million yuan for its directors, supervisors, and senior management during the reporting period[109]. - The company has maintained a stable leadership team with no significant changes in management positions reported[109]. - The company has a structured process for determining the remuneration of its directors and senior management, based on their roles and performance evaluations[123]. Social Responsibility - The company published its 2021 Social Responsibility Report, which is available on the Shanghai Stock Exchange website[155]. - The company donated RMB 500,000 to the poverty alleviation project in Tangzi Village, Yunnan Province, after helping the village achieve overall poverty alleviation[156]. - The company contributed RMB 1.1 million to the Shanghai Charity Foundation for environmental and health initiatives during the reporting period[156]. Future Outlook and Strategy - The company plans to focus on expanding its market presence and developing new products and technologies in the upcoming fiscal year[35]. - The company aims to enhance its technological capabilities through ongoing research and development initiatives[105]. - The company is exploring new segments such as urban renewal, long-term rental apartments, and senior housing to diversify its real estate portfolio[90].