Xinhua Winshare(SH:601811)2022-03-29 16:00Financial Performance - The net profit attributable to shareholders for 2021 was CNY 1,305.94 million[3]. - The company's operating revenue for 2021 was approximately CNY 10.46 billion, representing a 16.12% increase compared to CNY 9.01 billion in 2020[17]. - The net profit attributable to shareholders for 2021 was approximately CNY 1.31 billion, a 3.42% increase from CNY 1.26 billion in 2020[17]. - The net cash flow from operating activities for 2021 was approximately CNY 2.05 billion, up 12.56% from CNY 1.82 billion in 2020[17]. - The total assets at the end of 2021 were approximately CNY 18.77 billion, a 10.64% increase from CNY 16.97 billion at the end of 2020[17]. - The net assets attributable to shareholders at the end of 2021 were approximately CNY 11.22 billion, reflecting a 10.70% increase from CNY 10.14 billion at the end of 2020[17]. - The basic earnings per share for 2021 was CNY 1.06, a 3.92% increase from CNY 1.02 in 2020[18]. - The weighted average return on equity for 2021 was 12.23%, a decrease of 0.83 percentage points from 13.06% in 2020[18]. - The company reported a total revenue of 812.83 million for the year 2021[117]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in 2021, representing a growth of 20% compared to the previous year[118]. Dividends and Shareholder Returns - The proposed cash dividend is CNY 3.20 per 10 shares, totaling CNY 394.83 million to be distributed[3]. - The company has a cash dividend policy that mandates a minimum of 30% of distributable profits to be distributed as cash dividends in profitable years[145]. - The board of directors has approved a dividend payout of 0.5 per share, reflecting a commitment to returning value to shareholders[118]. - The board of directors has approved a dividend payout of 0.15 per share, reflecting a commitment to returning value to shareholders[119]. Operational Highlights - The company achieved a total sales revenue of 49.98 million RMB in labor and practical education services, serving nearly 120,000 students[29]. - The company’s online bookstore, 文轩在线, won the fifth "China Publishing Government Award for Advanced Publishing Units" for its performance in the e-commerce sector[30]. - The company’s market share in the general publishing market ranked 7th in terms of sales volume and 10th in terms of actual sales among 37 publishing media groups nationwide, with a year-on-year increase of 2 positions[25]. - The company conducted over 1,000 live broadcasts in 2021, generating sales of over 40 million CNY and achieving over 250 million views on original short videos[31]. - The company expanded its third-party logistics business, achieving logistics revenue of 294 million CNY in 2021, a growth of 14.85% compared to the previous year[34]. Risk Management and Governance - The company has no significant risks that materially affect its operations during the reporting period[5]. - The company has established a risk management and internal control system, which has been reviewed by the board and found to be effective without significant errors[109]. - The company maintains independence from its controlling shareholder, with no influence affecting its operations, assets, personnel, or finances[109]. - The company has established a robust corporate governance structure, including a board of directors with 9 members, ensuring compliance with relevant laws and regulations[102]. Market and Strategic Initiatives - The company plans to focus on the publishing and media industry, driving innovation through a "technology + capital" dual approach[97]. - The company aims to enhance its content creation and publishing capabilities, as well as its educational and cultural service offerings[97]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and diversify its product offerings[116]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 200 million allocated for potential mergers[118]. Employee and Training Initiatives - The total number of employees in the parent company and major subsidiaries is 7,481, with 5,023 in the parent company and 2,458 in subsidiaries[142]. - The company conducted over 70 training sessions, training more than 17,000 employees throughout the year[144]. - The company has established a performance-oriented compensation policy for its employees, including basic salary, performance bonuses, and benefits[143]. Environmental and Social Responsibility - The company has actively engaged in environmental protection, recovering approximately 5,345 tons of waste paper and raising about 6.5 million yuan for public welfare[156]. - The company has adopted measures to reduce carbon emissions, including replacing traditional diesel vehicles with electric ones and promoting paperless operations[158]. - The company actively participated in rural revitalization efforts, providing support to three villages in Sichuan province, including infrastructure improvements and job recommendations for impoverished households[160]. Audit and Compliance - The financial report has been audited by Deloitte with a standard unqualified opinion[2]. - The company’s financial statements were audited and deemed to fairly reflect its financial position as of December 31, 2021[187]. - The audit report confirms compliance with accounting standards and provides a basis for the audit opinion[188]. - Key audit matters were identified, emphasizing their importance in the overall audit process[189].