园林股份(605303) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 1,223,709,406.09, a decrease of 14.12% compared to CNY 1,424,936,454.71 in 2020[21] - The net profit attributable to shareholders for 2021 was CNY 61,738,090.13, down 43.74% from CNY 109,742,502.34 in the previous year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 59,769,765.84, a decrease of 42.92% compared to CNY 104,721,105.85 in 2020[21] - The net cash flow from operating activities for 2021 was CNY -231,986,187.42, compared to CNY 17,676,263.73 in 2020[21] - The total assets at the end of 2021 were CNY 3,362,257,275.46, an increase of 14.57% from CNY 2,934,555,938.28 at the end of 2020[21] - The net assets attributable to shareholders increased by 60.31% to CNY 1,675,793,505.44 at the end of 2021, compared to CNY 1,045,377,774.89 at the end of 2020[21] - The basic earnings per share decreased by 56.04% to CNY 0.40 compared to the previous year[22] - The diluted earnings per share also decreased by 56.04% to CNY 0.40, reflecting the impact of new shares issued and a decline in net profit[23] - The weighted average return on equity decreased by 7.10 percentage points to 3.98% compared to the previous year[22] - The total revenue for the year was 882,960,447.06, a decrease of 16.81% compared to the previous year[61] Dividend Policy - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, totaling approximately CNY 32,247,481.60 based on the current total share capital of 161,237,408 shares[6] - The company does not plan to increase capital reserves or issue bonus shares for the 2021 fiscal year[6] - The company implements a stable, sustainable, and reasonable profit distribution policy, prioritizing cash dividends, with a minimum cash dividend ratio of 80% for mature stages without major capital expenditures[140] - In the case of major capital expenditures, the minimum cash dividend ratio is set at 40% for mature stages and 20% for growth stages[142] - The company aims to distribute at least 10% of the available profits in cash dividends annually, with a cumulative cash distribution over the last three years not less than 30% of the average annual distributable profits[141] Risk Management - The company has outlined various risk factors that may impact its operations in the management discussion and analysis section of the report[8] - The company is actively improving its internal control management to reduce operational risks and enhance governance levels[36] - The company will implement a robust internal risk prevention system to mitigate management and operational risks[103] - The company recognizes macroeconomic risks, particularly the reliance on government investment in the landscaping industry[102] Corporate Governance - The company has established a governance structure that ensures clear responsibilities and effective checks and balances among its various bodies[107] - The independent directors and supervisory board members actively engaged in monitoring and reporting on the company's operations and financial health[108] - The company has not encountered significant differences in governance practices compared to regulatory requirements[108] - The board of directors convened 7 meetings in 2021, with all procedures compliant with relevant laws and regulations, ensuring effective governance[107] Research and Development - The company has obtained six new utility model patents during the reporting period, enhancing its technological capabilities[47] - The company authorized 6 patents, developed 11 new varieties of cherry blossoms, and published 4 scientific papers during the reporting period[37] - Research and development expenses fell by 23.42% to CNY 33,675,903.89[52] - The number of R&D personnel was 68, accounting for 13.30% of the total workforce[71] Market Expansion and Strategy - The company has expanded its operations across multiple provinces, including Hainan, Guangdong, and Sichuan, demonstrating strong cross-regional operational capabilities[48] - The company is focusing on talent development and performance mechanisms to support strategic goals and improve operational efficiency[38] - The company plans to continue focusing on project implementation in the Northwest region due to larger project undertakings[58] - The company is exploring opportunities in the cultural and tourism sectors, aligning with national policies promoting the integration of culture and tourism[96] Social Responsibility - The company donated a total of CNY 19,616 to the "Spring Breeze Action" through the Hangzhou Jianggan District Charity Association to support various assistance policies for rural disadvantaged groups[158] - The company made a targeted donation of CNY 100,000 to Peifeng Town in Fujian Province for rural revitalization and disaster relief efforts[159] - The company donated CNY 100,000 worth of goods to the Hong Kong Red Cross in Xinxiang City for local flood relief efforts[159] - The company contributed CNY 150,000 to the Zhejiang University of Technology Education Development Foundation to support educational development[159] Audit and Compliance - The company has received a standard unqualified audit report from its accounting firm, indicating the financial statements are accurate and complete[5] - The internal control audit report issued by the accounting firm was a standard unqualified opinion, confirming the effectiveness of the internal controls[154] - The company appointed Lixin Accounting Firm (Special General Partnership) as the auditor for the fiscal year 2021, with an audit fee of CNY 1,000,000[194] Shareholder Engagement - The company will communicate with shareholders, especially minority shareholders, to gather opinions before finalizing the profit distribution plan[143] - The company has established a dividend return plan to protect shareholder interests, particularly those of minority investors, emphasizing cash dividends as the primary method of profit distribution[145] - The company has made commitments to avoid any competition with its own subsidiaries and will introduce business opportunities to the company if they arise[187]