TJKJ(SH:600846)2022-03-30 16:00Financial Performance - The company's operating revenue for 2021 was CNY 6,132,354,085.66, a decrease of 2.70% compared to CNY 6,302,631,317.57 in 2020[24]. - The net profit attributable to shareholders for 2021 was CNY 577,193,747.92, down 3.16% from CNY 595,999,248.69 in 2020[24]. - The net cash flow from operating activities decreased by 59.29% to CNY 648,718,362.17 from CNY 1,593,646,980.45 in 2020[24]. - The total assets as of the end of 2021 were CNY 9,301,576,661.91, a decrease of 17.82% from CNY 11,318,133,979.77 at the end of 2020[24]. - The net assets attributable to shareholders increased by 11.52% to CNY 3,385,755,466.16 from CNY 3,035,939,605.74 in 2020[24]. - Basic earnings per share for 2021 were CNY 0.92, a decrease of 3.16% from CNY 0.95 in 2020[25]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, which was CNY 555,889,604.03, down 3.56% from CNY 576,402,934.49 in 2020[24]. - The main business revenue was 6.116 billion RMB, a decrease of 2.72% year-on-year, while main business costs increased by 10.54% to 5.142 billion RMB[77]. Cash Flow and Investment - The company’s cash flow from operating activities showed a net outflow of 323 million RMB in the first quarter[32]. - The net cash flow from investment activities was negative at 337.38 million RMB, a decline of 389.39% compared to the previous year[76]. - The company reported a significant decrease in tax expenses by 46.21% to 12.80 million RMB, attributed to a lower taxable income[76]. - The company experienced a 74.45% reduction in taxes and surcharges, mainly due to a decrease in land value-added tax[76]. - The company reported a significant reduction in tax expenses, with tax and additional charges amounting to CNY 11,169.65 million, a decrease of 74.45% from CNY 43,713.27 million in the previous year[85]. Business Strategy and Development - The company is focusing on digital transformation by integrating BIM, AI, big data, and IoT technologies[39]. - The company is exploring new business directions, including the construction and operation of green low-carbon circular economy industrial parks[38]. - The company is actively participating in community support initiatives, demonstrating its commitment to social responsibility and local development[42]. - The company is committed to aligning its operations with national policies aimed at promoting ecological civilization and sustainable development[56]. - The company is focusing on the upgrade of engineering consulting services to meet the demands of new infrastructure construction, which is expected to enhance investment returns[111]. Industry Trends and Challenges - The construction engineering industry is experiencing low concentration and intense competition, with large state-owned enterprises gaining an advantage due to their experience and financial strength[48]. - The environmental protection industry is evolving towards resource conservation and comprehensive utilization, with significant growth potential in urban sewage treatment and waste management[51]. - The engineering consulting industry is closely tied to fixed asset investment, with continued demand for infrastructure construction driven by urbanization and new infrastructure projects[44]. - The construction industry is expected to maintain moderate growth amid ongoing economic pressures, with a focus on stabilizing investment and improving operational efficiency[49]. Governance and Compliance - The company held one annual general meeting and one extraordinary general meeting during the reporting period, ensuring compliance with relevant laws and regulations[131]. - The board of directors has established four specialized committees: audit, nomination, compensation and assessment, and strategy, ensuring effective governance and oversight[132]. - The company’s independent directors strictly adhere to the independent director work system, maintaining independence and actively participating in board meetings[132]. - The company has committed to avoiding substantial competition with its controlling shareholder in similar business areas for five years following the completion of the equity transfer[134]. - The company has implemented a management system for insider information to prevent stock price fluctuations due to information leaks[133]. Environmental Compliance - The company adheres to stringent local and national environmental regulations, reflecting its commitment to sustainable operations and environmental stewardship[175]. - The company has reported no exceedances in the emission of pollutants for the majority of its subsidiaries, indicating effective management of wastewater treatment[177]. - The company has implemented measures to ensure that all subsidiaries meet the required pollution discharge standards[177]. - The company has established an environmental self-monitoring plan, combining online and manual detection methods to ensure compliance with national emission standards[183]. - The company has achieved stable operation of pollution control facilities since the commencement of formal commercial operations, with improved project management and operational procedures[179]. Employee Management and Welfare - The total number of employees in the parent company and major subsidiaries is 2,928, with 2,400 being technical personnel[160]. - The company has established a salary structure based on job value and performance, aiming to attract and retain talent[161]. - The company emphasizes performance-based salary increases to motivate employees[162]. - The company has implemented a comprehensive training and development plan to promote employee growth and align with corporate goals[163]. - The company organizes regular employee engagement activities, such as sports events, to enhance workplace morale[193].