SLC(SH:603648)2022-04-28 16:00Financial Performance - The company's operating revenue for 2021 was CNY 1,592,954,568.75, representing a 5.02% increase from CNY 1,516,830,485.46 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 145,512,031.78, a 30.80% increase compared to CNY 111,247,317.32 in 2020[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 140,965,414.75, up 36.89% from CNY 102,978,450.58 in 2020[21]. - The net cash flow from operating activities for 2021 was CNY 252,925,477.76, a 3.72% increase from CNY 243,856,737.19 in 2020[21]. - The total assets at the end of 2021 were CNY 2,316,380,465.45, an 18.06% increase from CNY 1,961,988,759.73 at the end of 2020[21]. - The net assets attributable to shareholders at the end of 2021 were CNY 1,809,853,458.40, a 3.98% increase from CNY 1,740,525,451.90 at the end of 2020[21]. - Basic earnings per share increased by 30.78% to CNY 0.3947 in 2021 compared to CNY 0.3018 in 2020[23]. - The weighted average return on equity rose by 1.69 percentage points to 8.17% in 2021 from 6.48% in 2020[23]. - The total profit for the year increased by 32.16% compared to the previous year, indicating strong financial health[50]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 3.00 per 10 shares, totaling CNY 108,723,840.00, which accounts for 74.72% of the net profit attributable to shareholders for 2021[5]. - The company has established a comprehensive decision-making process for cash dividends, ensuring clarity and compliance with corporate governance standards[149]. Operational Highlights - The company is focusing on enhancing its core competitiveness through technological innovation and expanding its national network[34]. - The company aims to provide comprehensive supply chain management solutions, covering procurement, production, and sales processes[36]. - The company serves international multinational enterprises primarily in high-tech electronics, medical devices, and high-end consumer goods sectors[36]. - The company has established a "smart logistics" model centered on information technology, achieving four smart application goals: visual management of logistics processes, intelligent traceability of products, smart warehousing and distribution management, and coordinated management of the smart supply chain[39]. - The company emphasizes a flexible logistics service model tailored to customer needs, allowing for rapid response to changes without compromising cost and efficiency[40]. - The company has formed strategic partnerships with numerous Fortune 500 companies, ensuring stable and high-quality customer resources, which contributes to long-term business sustainability[43]. - As of December 31, 2021, the company has established 31 subsidiaries across key regions in China, creating a nationwide logistics service network covering major cities[45]. - The company is actively constructing logistics bases, with the Wuhan base project underway and expected to be operational in 2022[46]. Market and Industry Insights - The logistics industry in China saw a total revenue of CNY 11.9 trillion in 2021, growing by 15.1% year-on-year[35]. - The total social logistics expenditure in 2021 was CNY 16.7 trillion, an increase of 12.5% compared to the previous year[36]. - The company reported a total revenue of CNY 4,699.04 million for Chengdu Changlian Supply Chain Management Co., Ltd., reflecting robust growth in its operations[77]. - In 2021, China's medical device import value reached $50.21 billion, a year-on-year increase of 18.4%[84]. Research and Development - Research and development expenses amounted to CNY 30,611,492.46, which is 1.92% of the total operating revenue[62]. - The company is investing 50 million in R&D for new technologies aimed at enhancing product efficiency[123]. - The company plans to implement cost-cutting measures, aiming to reduce operational costs by 5% over the next year[162]. Customer and Market Strategy - The company has a strong focus on customer satisfaction, utilizing a dedicated customer manager system to enhance service quality and client retention[41]. - The company’s core client, Apple, accounted for 23.70% of total revenue in 2021, showing a decline of nearly 14 percentage points from 2017[105]. - The company aims to enhance its national network layout and service capabilities to meet the needs of core clients, including Apple[99]. - The company is focusing on developing its convenience store channel business to improve its supply chain system and attract more quality clients[99]. Governance and Compliance - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with regulations and independent opinions to protect shareholder interests[114]. - The supervisory board has 5 members, with 2 being employee representatives, focusing on safeguarding company and shareholder interests through strict oversight[115]. - The company adheres to information disclosure obligations, ensuring clarity and compliance with relevant laws, with no misleading statements or omissions[116]. - The company emphasizes internal control construction to enhance operational effectiveness and promote development, aligning with legal and regulatory requirements[117]. - The company maintains independence from its controlling shareholders in assets, personnel, finance, and operations, with no significant competition issues reported[118]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 1,542, with 974 in the parent company and 568 in subsidiaries[143]. - The company has a total of 37 employees with a master's degree or above, and 558 employees with a bachelor's degree[143]. - The company’s management team consists of 50% master's degree holders, with all core members holding at least a bachelor's degree, ensuring a high level of expertise in supply chain management[48]. - The company has established a performance-based remuneration system for its senior management, linked to the completion of board objectives[129]. Future Outlook - The company provided guidance for the next quarter, expecting revenue to be between 1.3 billion and 1.5 billion, indicating a growth rate of 10% to 25%[123]. - The company plans to enhance its logistics efficiency through the implementation of smart logistics driven by 5G technology, which is expected to improve real-time management capabilities[80]. - The company is committed to sustainability, with plans to invest $100 million in green technologies over the next five years[162]. Shareholder Information - The total number of ordinary shareholders increased from 20,550 to 20,637 during the reporting period, indicating a growth of approximately 0.42%[185]. - The largest shareholder, Shanghai Pudong New Area State-owned Assets Supervision and Administration Commission, holds 24.87% of the shares, totaling 91,688,980 shares[188]. - The company plans to repurchase shares at a price not exceeding RMB 10 per share, with an estimated repurchase quantity of no less than 10 million shares, accounting for approximately 2.71% of the total issued share capital[199].