SHBM(SH:900939)2022-04-27 16:00Financial Performance - The net profit attributable to shareholders for 2021 was CNY 11,764,241.68, a decrease of 31.95% compared to CNY 17,286,777.74 in 2020[4]. - The total revenue for 2021 was CNY 18,439,452.10, reflecting a decline of 2.60% from CNY 18,931,372.81 in 2020[18]. - The basic earnings per share for 2021 were CNY 0.0648, down 31.93% from CNY 0.0952 in 2020[19]. - The net profit after deducting non-recurring gains and losses was CNY 9,043,152.15, a decrease of 24.73% from CNY 12,014,438.14 in 2020[18]. - The company reported a total profit of RMB 16,222,415.00 for 2021, compared to RMB 22,833,265.21 in 2020, reflecting a decline of 29.1%[161]. - The company reported a total comprehensive income of RMB 11,674,351.37 for 2021, down from RMB 17,258,558.13 in 2020, a decline of 32.5%[161]. Cash Flow - The cash flow from operating activities for 2021 increased by 35.75% to CNY 14,376,532.46 from CNY 10,590,247.84 in 2020[18]. - The company generated cash flow from operating activities of CNY 64.88 million in Q4 2021, indicating strong liquidity management[21]. - The net cash flow from operating activities for 2021 was ¥14,376,532.46, an increase of 35.5% compared to ¥10,590,247.84 in 2020[166]. - The ending balance of cash and cash equivalents increased to ¥19,750,019.36 from ¥9,723,209.13, marking a significant rise of 102.5%[167]. Assets and Liabilities - The total assets at the end of 2021 were CNY 137,696,288.40, an increase of 12.25% compared to CNY 122,666,206.82 at the end of 2020[18]. - The total liabilities rose to ¥25,069,556.56 in 2021, up from ¥21,713,826.35 in 2020, indicating an increase of about 15.5%[155]. - The total equity attributable to shareholders was ¥109,247,076.74 in 2021, compared to ¥97,506,169.76 in 2020, representing an increase of approximately 12%[155]. - The company reported a negative retained earnings of CNY -146,045,003.35 at the end of 2021[4]. Revenue Sources - The company's main business is self-owned factory leasing, which accounted for 100% of its operating revenue during the reporting period, generating revenue of CNY 18.37 million[36]. - The rental income from the Kangqiao area was CNY 18.15 million for 2021, achieving a 100% collection rate[29]. - The joint venture, Huili Paint Company, reported a revenue increase of 9.41% year-on-year, totaling CNY 70.98 million, despite facing a net loss of CNY 3.36 million due to rising raw material costs[28]. Management and Governance - The company has established a performance evaluation and incentive mechanism, ensuring transparency in the hiring of senior management[74]. - The board of directors has established various committees to enhance decision-making processes and ensure compliance with legal requirements[74]. - The company has maintained strict information disclosure practices, completing four regular reports and 17 temporary announcements during the reporting period[75]. - The company has a diverse leadership team with extensive experience across various sectors, enhancing its strategic decision-making capabilities[82]. Compliance and Internal Control - The company aims to improve its internal control systems to ensure legal and standardized operations[94]. - The internal control audit report issued by Zhonghua Accounting Firm provided a standard unqualified opinion for the company's internal control for 2021[103]. - The company has established a comprehensive internal control system covering various aspects of its operations, including risk management and financial oversight[102]. - The company has not reported any significant internal control deficiencies during the reporting period[102]. Future Outlook - The company aims to achieve a minimum of ¥15,000,000 in main business revenue for 2022, with expenses capped at ¥5,800,000[68]. - The company plans to explore new business opportunities and expand operational scale while maintaining profitability[68]. - In 2022, the company aims to continue promoting growth in its main business operations[71]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 10,785, an increase from 10,717 at the end of the previous month[127]. - The largest shareholder, Shanghai Huili Group Co., Ltd., holds 51,989,300 shares, representing 28.64% of total shares[130]. - The company has no preferred shareholders with restored voting rights as of the end of the reporting period[127]. - There are no significant changes in the shareholding structure or the number of shareholders during the reporting period[127].