LJRB(SH:600853)2022-03-30 16:00Financial Performance - The company's total revenue for 2021 was approximately ¥15.20 billion, representing a 28.39% increase compared to ¥11.84 billion in 2020[24]. - Net profit attributable to shareholders was approximately ¥268.84 million, a 19.77% increase from ¥224.45 million in 2020[24]. - The basic earnings per share for 2021 was ¥0.27, up 20.86% from ¥0.2234 in 2020[25]. - The weighted average return on equity decreased to 10.58%, down 1.23 percentage points from 11.81% in 2020[25]. - The company's total assets increased by 13.54% to approximately ¥26.62 billion from ¥23.45 billion in 2020[24]. - Operating cash flow for 2021 was negative at approximately -¥1.25 billion, a significant decrease from ¥2.34 billion in 2020[24]. - The net profit after deducting non-recurring gains and losses was approximately ¥261.99 million, a 17.80% increase from ¥222.41 million in 2020[24]. - The company achieved operating revenue of CNY 1,519,833.20 million and a net profit attributable to shareholders of CNY 26,883.66 million during the reporting period, marking a strong start to the "14th Five-Year Plan"[34]. - The company reported a net profit of CNY 31,958.46 million, with a net profit attributable to the parent company of CNY 26,883.66 million[63]. Dividends and Share Capital - The company plans to distribute a cash dividend of 0.35 RMB per 10 shares, totaling approximately 35.52 million RMB, which represents 13.21% of the net profit attributable to shareholders for the year 2021[6]. - The total share capital as of December 31, 2021, was 1,014,902,546 shares[6]. Risk Management - The company reported no significant risk events during the reporting period, and potential risks have been detailed in the report[9]. - The company’s future plans and development strategies are subject to investment risks, and no substantial commitments are made to investors[7]. - The company has not faced any rejected proposals in its recent shareholder meetings, indicating strong governance and shareholder support[120]. - The company has not encountered any risks that would lead to delisting warnings[190]. Governance and Compliance - The company has established a governance structure with a board of 9 members, including 4 independent directors, ensuring a diverse composition that protects shareholder interests[113]. - The board has implemented a performance evaluation and incentive mechanism, with clear contractual goals for management, enhancing accountability and motivation[115]. - The company has a robust internal control system to prevent insider trading and ensure compliance with information disclosure regulations, with no reported violations[116]. - The company has established a financial management system that combines centralized and decentralized decision-making, ensuring effective oversight of major financial issues while allowing subsidiaries some operational autonomy[163]. Market Expansion and Strategy - The company is actively expanding its market presence both domestically and internationally, with a focus on investment operations and traditional infrastructure[35]. - The company aims to enhance its market core competitiveness by focusing on investment-driven order growth and optimizing market structure[99]. - The company is exploring potential acquisitions to diversify its service offerings, with a budget of 100 million allocated for this purpose[131]. - Future growth strategies include market expansion and potential mergers and acquisitions to strengthen market position[128]. Research and Development - Research and development expenses surged to CNY 620,757.06 million, a significant increase of 263.98% compared to the previous year, as the company intensified its investment in construction process technology and methods[66]. - The company holds a total of 417 patents, including 48 invention patents, and has published 97 technical papers during the reporting period[57]. - The company is focused on developing new technologies and products to enhance service offerings and competitiveness[128]. Legal Matters - The company is involved in significant litigation matters, including a claim for compensation of RMB 42,180,818.65 due to increased labor costs from Qinglong Company[191]. - The company has faced a court ruling that froze its bank deposits amounting to RMB 27,957,555.13 as part of ongoing litigation[191]. - The company is currently awaiting the outcome of an appeal filed on November 23, 2018, regarding the previous court's decision[194]. - The company is involved in ongoing litigation that may impact its financial position and operational focus[197]. Social Responsibility and Community Engagement - The company established 5 fixed poverty alleviation demonstration points and 16 mobile poverty alleviation demonstration points, significantly promoting rural revitalization[177]. - The company actively engaged in local education support by improving infrastructure, such as constructing activity venues for schools in Heilongjiang Province, enhancing educational conditions[177]. - The company has implemented green construction practices, resulting in the establishment of 5 provincial-level green construction model projects and the development of 1 local green construction standard during the reporting period[168]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 5,926, with 105 in the parent company and 5,821 in subsidiaries[149]. - The company has a strong leadership team with extensive experience in the construction and engineering sectors, enhancing operational efficiency[128]. - The management team has a combined experience of over 20 years in their respective roles, ensuring stability and continuity in leadership[128]. Financial Health and Investments - The company reported a significant increase in financial expenses by 70.04% to ¥436,497,645.94[75]. - The company’s intangible assets increased by 241.84% to ¥1,579,023,994.80, now accounting for 5.93% of total assets[79]. - The net cash flow from operating activities decreased by 3.599 billion RMB compared to the same period last year, primarily due to increased investment in PPP projects, which have minimal cash inflow during the construction phase[67].