兰生股份(600826) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥924,933,194.58, a decrease of 68.98% compared to ¥2,982,152,998.62 in 2020[22] - The net profit attributable to shareholders for 2021 was ¥119,998,158.24, down 13.27% from ¥138,353,680.40 in 2020[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 96.12% to ¥120,172,134.95 from ¥61,273,717.28 in 2020[22] - The net cash flow from operating activities for 2021 was ¥134,303,676.46, a significant recovery from a negative cash flow of ¥73,801,589.86 in 2020[22] - The total assets at the end of 2021 were ¥5,222,372,865.51, an increase of 14.50% from ¥4,561,085,308.44 at the end of 2020[22] - The net assets attributable to shareholders at the end of 2021 were ¥3,715,953,979.39, a slight increase of 0.22% from ¥3,707,861,893.95 at the end of 2020[22] - Basic earnings per share for 2021 were ¥0.224, a decrease of 13.18% from ¥0.258 in 2020[23] - The weighted average return on net assets for 2021 was 3.22%, down 0.30 percentage points from 3.52% in 2020[24] Dividend Distribution - The company plans to distribute a cash dividend of ¥1.13 per 10 shares, totaling ¥60,201,999.22[6] - The company distributed cash dividends of 1.30 RMB per 10 shares, totaling 69,669,716.35 RMB, which accounted for 50.36% of the net profit attributable to shareholders for the year[142] - The company’s cash dividend policy emphasizes a minimum distribution of 30% of the net profit attributable to shareholders in profitable years, ensuring a stable and continuous return to investors[141] Exhibition Operations - The company hosted 12 offline exhibitions in 2021, with a total exhibition area of nearly 600,000 square meters and an audience of 500,000 people[30] - The operating revenue for the exhibition group reached 890 million RMB in 2021, representing a year-on-year growth of 27.97%, and the net profit after deducting non-recurring gains and losses was 82.96 million RMB, exceeding the performance commitment by 113.50%[30] - The company successfully organized the first Chengdu International Industrial Expo in 2021, focusing on industrial integration development in the western region[34] - The company organized and hosted a total of 15 major exhibitions and events during the reporting period, with participation ranging from 800 to 162,000 attendees[45] - The company hosted the 2021 World Artificial Intelligence Conference, covering an exhibition area of 40,000 square meters, highlighting its focus on the AI industry[47] - The company operates a complete exhibition industry chain, encompassing exhibition organization, venue operation, conference activities, and exhibition services[50] - The company has a strong capability in organizing large-scale exhibitions, with notable events including the China International Industrial Expo and the Shanghai International Advertising Technology Equipment Exhibition[50] Strategic Initiatives - The company aims to become an internationally renowned and domestically leading exhibition enterprise group, focusing on "Exhibition China" and "Digital Exhibition" strategies[39] - The company plans to enhance its core competitiveness and brand influence by integrating "Digital Exhibition" and "Exhibition China" strategies, focusing on innovation and technology collaboration[86] - The company will establish three major platforms: "Management Information Platform," "Cloud Exhibition Platform," and "Big Data Platform" to empower "Digital Exhibition" initiatives[87] - The company aims to complete regional layout in at least ten major exhibition potential cities or blank areas by 2025 as part of its "Exhibition China" strategy[86] Risk Management - The company has indicated potential risks in future development strategies, which investors should be aware of[7] - The company faces risks including intensified market competition, potential talent loss, and challenges in securing quality venue and event resources[94] - The company anticipates continued challenges in the exhibition industry due to the lingering effects of the COVID-19 pandemic, impacting business recovery and operational certainty[84] Corporate Governance - The company held 11 board meetings and 4 shareholder meetings in 2021, approving significant proposals including name change and share repurchase plans[40] - The company emphasizes investor relations, providing communication channels and actively engaging with investors through various platforms[104] - The company strictly follows information disclosure regulations, with no incidents of insider trading reported during the reporting period[103] - The company has established a long-term mechanism to prevent the controlling shareholder from occupying company funds, ensuring independent operation[100] Employee Welfare and Development - The company has a training plan for new employees, including basic training and ongoing education to enhance professional skills[140] - The company emphasizes employee care by providing necessary labor protection supplies and conducting annual health check-ups for on-duty employees[156] - Employee training programs aim to improve business skills and overall quality, fostering a culture of teamwork and mutual support[156] - The company actively promotes energy-saving and green environmental concepts among employees, encouraging reduced use of disposable products[156] Financial Management - The company has a total of 172,595.27 thousand RMB in entrusted financial management, with an outstanding balance of 65,000.00 thousand RMB[180] - The company plans to invest 300 million RMB in the Shanghai New Exhibition Industry Private Equity Fund, accounting for 49.92% of the total fund size of 1 billion RMB[177] - The company continues to explore new financial products and strategies to enhance returns for its stakeholders[184] Shareholder Engagement - The company held its first extraordinary general meeting on February 23, 2021, with 338,261,568 shares represented, accounting for 63.12% of the total shares[108] - The second extraordinary general meeting on April 8, 2021, had 340,505,733 shares represented, which is 63.54% of the total shares, and approved the change of the company's name[109] - The company’s independent directors have confirmed compliance with the cash dividend policy and the protection of minority shareholders' rights[143]