SHLG(SH:600848)2022-04-27 16:00Financial Performance - The company's operating revenue for 2021 reached ¥6,271,921,295.10, representing a 59.29% increase compared to ¥3,937,493,040.67 in 2020[16]. - Net profit attributable to shareholders was ¥1,535,216,162.03, an increase of 8.67% from ¥1,412,668,807.32 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was ¥1,558,248,405.16, showing a significant increase of 40.13% compared to ¥1,112,003,716.65 in 2020[16]. - Basic earnings per share increased to ¥0.61, up 8.93% from ¥0.56 in 2020[17]. - The weighted average return on equity rose to 10.31%, an increase of 0.25 percentage points from 10.06% in the previous year[17]. - The total assets of the company at the end of 2021 were ¥49,264,749,899.90, reflecting a 17.44% increase from ¥41,949,954,902.13 in 2020[16]. - The net assets attributable to shareholders increased to ¥15,371,244,509.85, a growth of 5.68% compared to ¥14,544,658,042.92 in 2020[16]. - The company's cash flow from operating activities improved to ¥108,266,150.25, a recovery from a negative cash flow of ¥849,625,566.51 in 2020[16]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 3.00 per 10 shares, totaling approximately RMB 757 million[4]. - The company distributed a cash dividend of RMB 3.00 per 10 shares, totaling approximately RMB 631 million for the year 2020[91]. Corporate Governance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[3]. - The company maintains complete independence from its controlling shareholder in business, personnel, assets, and financial matters[68]. - The company has established a governance structure based on the Company Law and the Guidelines for Corporate Governance of Listed Companies, clarifying the responsibilities and powers of various governance bodies[67]. - The board of directors consists of 11 members, including 4 independent directors, and held 9 meetings during the reporting period, ensuring compliance with legal and regulatory requirements[67]. - The supervisory board is composed of 6 members, including 2 employee supervisors, and also held 9 meetings, fulfilling its responsibilities to oversee the company's financial status and compliance[67]. - The company has been rated A in the annual information disclosure evaluation by the Shanghai Stock Exchange for several consecutive years, indicating high transparency and compliance[67]. Risk Management - The company has detailed risk descriptions in the "Management Discussion and Analysis" section of the report[6]. - The company is committed to optimizing its risk management system, focusing on internal control and comprehensive risk management to prevent major risks[64]. - The company has not encountered any significant discrepancies with the regulations set forth by the China Securities Regulatory Commission regarding corporate governance[68]. Strategic Initiatives - The company is actively pursuing strategic opportunities in key areas such as the Shanghai Free Trade Zone and the Yangtze River Delta integration[31]. - The company aims to create a unique development model through a combination of industrial real estate, technological innovation, and industrial upgrading[30]. - The company is investing in the hydrogen energy industry by establishing the Shanghai Lingang Hydrogen Energy Industry Development Co., focusing on the entire value chain of hydrogen energy and fuel cell industries[26]. - The company is actively involved in the construction of the Shanghai International Design City project, contributing to the city's goal of becoming a world-class design hub[63]. Real Estate Development - The company signed property sales area of 197,000 square meters, with property sales revenue of 3.712 billion RMB, a year-on-year increase of 79.33%[25]. - The company's revenue from the real estate sector reached ¥5,946,327,761.67, with a gross margin of 60.90%, reflecting a year-on-year increase of 61.74% in revenue and a 2.59 percentage point increase in gross margin[35]. - The total cost of real estate operations was ¥2,325,109,245.20, which accounted for 92.43% of total costs, representing a 51.68% increase compared to the previous year[37]. Employee Development - The company emphasizes employee development through a systematic and professional training framework[90]. - The training program includes various training opportunities aimed at enhancing employees' skills and overall quality[90]. - The company has established a comprehensive salary and benefits system, ensuring compliance with national laws and regulations[89]. Financial Activities - The company reported a total of ¥9,613,096,226.28 in long-term loans, reflecting a 51.00% increase compared to the previous year, primarily due to new borrowings for park project development[43]. - The company’s financial expenses rose to ¥487,448,407.29, marking a 40.62% increase compared to the previous year[40]. - The company’s cash flow from financing activities was ¥789,376,533.97, a dramatic increase of 1,198.27% compared to the previous year[42]. Market Expansion - The company plans to continue expanding its market presence and investing in new technologies[73]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 500 million RMB allocated for potential deals[74]. - Market expansion plans include entering three new provinces, which are projected to increase market share by 10%[74]. Compliance and Transparency - The company has implemented strict management of insider information to ensure legal and fair disclosure practices[67]. - The company has not faced any penalties from securities regulatory authorities in the past three years[80]. - The company has not reported any changes in credit ratings during the reporting period[168].