SMEG(SH:900922)2022-04-14 16:00Financial Performance - In 2021, the company's operating revenue was CNY 875,049,815.52, a decrease of 7.44% compared to CNY 945,417,541.82 in 2020[20] - The net profit attributable to shareholders of the listed company for 2021 was CNY 11,809,970.13, a significant recovery from a net loss of CNY 35,399,947.57 in 2020[20] - The basic earnings per share for 2021 was CNY 0.06, recovering from a loss of CNY -0.18 per share in 2020[21] - The weighted average return on equity for 2021 was 2.73%, an improvement from -7.95% in 2020[21] - The company's total operating revenue for 2021 was 875.05 million yuan, a decrease of 7.44% compared to the previous year[34] - The net profit attributable to shareholders was 11.81 million yuan, while the net profit excluding non-recurring items was -2.80 million yuan[34] - The company reported a net profit of approximately 4.47 million yuan from its security services, a decrease of about 631,000 yuan year-on-year[38] - The company achieved a return of approximately 6.59 million yuan from its investment projects during the reporting period[41] - The company reported a net loss of RMB 18,663,787.19 in 2021, improving from a loss of RMB 30,473,757.32 in 2020[173] - The comprehensive income for the year 2021 amounted to CNY 11,809,970.13, compared to a loss of CNY 35,389,241.47 in 2020, indicating a significant recovery[192] Cash Flow and Investments - The net cash flow from operating activities for 2021 was negative at CNY -19,338,330.69, a decline of 151.13% from CNY 37,823,493.08 in 2020[20] - The net cash flow from investment activities increased significantly by 356.07% to CNY 10,722,590.40 from CNY 2,351,084.22 year-on-year[45] - The company reported a total cash inflow from operating activities of ¥1,441,586,442.93, slightly down from ¥1,476,301,081.84 in 2020[183] - The cash flow from financing activities resulted in a net outflow of ¥2,612,887.46, indicating cash used for debt repayment and dividend distribution[184] - The company has invested 200 million RMB in bank financial products, with no overdue amounts reported[131] - The company has invested a total of RMB 2,000 million in structured deposits with a floating principal guarantee, achieving an annualized return rate of 2.75% and a total actual gain of RMB 18.99 million from the investment with Bank of Communications[133] Assets and Liabilities - The company's total assets increased by 12.18% to CNY 770,167,488.40 at the end of 2021, compared to CNY 686,566,065.43 at the end of 2020[20] - Total liabilities amounted to RMB 331,933,111.99 in 2021, compared to RMB 260,137,504.16 in 2020, indicating a rise of around 27.6%[173] - Cash and cash equivalents at the end of the period were 289.09 million yuan, a decrease of 1.24% from 292.72 million yuan in the previous year[56] - Accounts receivable increased by 108.85% to 142.55 million yuan from 68.25 million yuan in the previous year[56] - The total current liabilities reached RMB 296,687,054.02 in 2021, up from RMB 218,214,983.82 in 2020, reflecting an increase of about 36.0%[173] Business Segments and Revenue Sources - The security service segment generated revenue of ¥22,061,000 in 2021, representing a growth of 5.55% year-over-year[32] - The property leasing segment reported approximately ¥2,969,000 in revenue for 2021, marking a 6.82% increase compared to the previous year[32] - The import and export trade revenue for 2021 was 626.40 million yuan, down approximately 9.99% year-on-year[35] - The security service segment generated revenue of 220.61 million yuan, an increase of about 5.55% compared to the previous year[38] - The property leasing segment achieved revenue of 29.69 million yuan, a slight increase of 6.82% year-on-year[39] Governance and Compliance - The board of directors consists of 7 members, with independent directors making up over one-third, ensuring compliance with governance standards[72] - The company has established a robust internal control system to evaluate and manage key risk areas effectively[75] - A total of 30 interim announcements were disclosed, adhering to principles of fairness, openness, and accuracy in information disclosure[76] - The company emphasizes a stable profit distribution policy to ensure reasonable returns for investors[77] - The company has maintained a consistent governance structure, ensuring compliance with legal and regulatory requirements[77] Strategic Focus and Future Plans - The company plans to focus on strategic development and market expansion, although specific future plans were not detailed in the report[7] - The company aims to enhance its operational quality and risk management through supply-side structural reforms and high-quality development initiatives[29] - The company plans to focus on high-quality development and structural reforms in 2022 to balance growth and risk management[64] - The company aims to maintain stable operations while enhancing management and optimizing structure in response to market competition and pandemic impacts[63] Environmental and Social Responsibility - The company has actively engaged in environmental responsibility, promoting waste classification in its parks and adhering to relevant environmental laws without incurring penalties[108] - The company encourages paperless office practices and green commuting to reduce carbon emissions and promote low-carbon living[110] - The company emphasizes social responsibility, promoting resource conservation and employee welfare to foster a harmonious workplace[111] Audit and Financial Reporting - The audit opinion confirmed that the financial statements fairly reflect the financial position and operating results of Shanghai Sanmao Company for the year 2021[160] - The audit procedures included testing internal controls related to revenue recognition and analyzing revenue fluctuations to identify any anomalies[164] - The company has implemented internal controls for fair value measurement of non-listed equity investments, which were reviewed during the audit[166] - The audit committee recognized the internal audit's annual summary and 2021 work plan, emphasizing risk management and control[93]