*ST泛海(000046) - 2021 Q4 - 年度财报

Financial Performance - Total revenue for 2021 was ¥14,922,802,783.79, representing a 6.16% increase compared to ¥14,056,819,178.97 in 2020[24]. - Net profit attributable to shareholders was -¥11,254,511,485.01, a decrease of 143.51% from -¥4,621,758,344.82 in the previous year[24]. - Net cash flow from operating activities increased by 27.46% to ¥10,625,318,974.25 from ¥8,336,237,439.78 in 2020[24]. - Total assets decreased by 39.09% to ¥110,245,216,017.22 from ¥180,990,832,219.94 at the end of the previous year[24]. - Net assets attributable to shareholders fell by 65.17% to ¥5,784,797,020.53 from ¥16,606,432,397.04[24]. - The company reported a basic earnings per share of -¥2.1659, down 143.51% from -¥0.8894 in 2020[24]. - The company reported a significant increase in non-operating losses, totaling -¥1,330,061,938.10 in 2021 compared to -¥547,006,303.28 in 2020[31]. - The company reported a significant decline in trust business revenue, with a loss of ¥2.81 billion, down 225.42% from a profit of ¥2.24 billion in 2020[71]. - The total cash inflow from operating activities was ¥25,596,080,967.51, a decrease of 21.09% compared to the previous year, while the net cash flow from operating activities increased by 27.46% to ¥10,625,318,974.25[82]. - The total cash outflow from investing activities surged by 585.55% to ¥18,414,363,560.76, resulting in a net cash outflow of -¥13,120,624,656.01[82]. Corporate Governance - The company has established a robust governance structure and internal control system, ensuring compliance with relevant laws and regulations[122]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, organization, and business operations[124]. - The company has effectively addressed competition issues with its controlling shareholder through asset restructuring and commitments to avoid conflicts[126]. - The company held four temporary shareholder meetings in 2021, with participation rates ranging from 71.84% to 72.67%[127]. - The company approved significant resolutions during the shareholder meetings, including financing applications and asset sales[127]. - The company has made adjustments to its board and management team to align with its current development stage and enhance decision-making[122]. - The company is actively managing its corporate governance with independent directors and supervisors in place to ensure compliance and oversight[136]. - The company has a diverse board composition, including independent directors and employee representatives, which may enhance decision-making processes[136]. - The company has undergone significant changes in its supervisory and board structure, indicating a focus on governance and oversight[144][149]. Strategic Focus and Transformation - The company underwent a strategic transformation from a real estate company to a diversified holding company covering finance and real estate since 2014[24]. - The company aims to focus on its core business and innovate for high-quality development in the future[39]. - The company is focusing on risk management and has implemented measures to enhance risk awareness and compliance across all operations[48]. - The company is actively exploring new investment partnerships to improve cash flow and operational capabilities[46]. - The company plans to focus on asset optimization and strategic restructuring to enhance its financial health and performance in 2022[111]. - The company aims to implement measures to ensure its ongoing operational capability amidst stringent regulatory conditions in the financial and real estate industries[111]. - The company is likely to pursue market expansion strategies, although specific plans have not been detailed in the current documents[135]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements made in the annual report[5]. - The company faces significant risks from policy and market conditions, particularly in the real estate and financial sectors, exacerbated by the COVID-19 pandemic, and is committed to proactive risk management[115]. - The company is addressing liquidity risks by increasing the profitability of its financial services and expanding financing channels through strategic partnerships with financial institutions[116]. - The company is prioritizing the optimization of overseas asset disposal, particularly in the U.S. and Indonesia, to mitigate risks associated with foreign investments[117]. - The company has committed to continuous improvement in governance and operational management to protect shareholder interests[122]. Internal Controls - The company has not disclosed any significant internal control deficiencies for the reporting period[4]. - The internal control evaluation report indicates that 82% of the total assets of the evaluated units are included in the company's consolidated financial statements[183]. - The internal control audit report indicated that the company maintained effective financial reporting internal controls in all material respects[186]. - The company has not identified any major irregularities in its governance practices during the self-inspection process mandated by the China Securities Regulatory Commission[188]. - The company will continue to improve and optimize its internal control system based on risk management principles[181]. Employee and Management Structure - The total number of employees at the end of the reporting period was 6,172, with 6,114 from major subsidiaries[174]. - The company had 1,861 sales personnel and 1,564 technical personnel, indicating a strong focus on sales and technology[174]. - The number of employees with a graduate degree was 560, while those with a bachelor's degree totaled 2,511, reflecting a well-educated workforce[174]. - The company has seen a significant turnover in its board members, with multiple resignations including the chairman and several vice presidents[136]. - The company’s management team now includes a diverse group of executives with various responsibilities, such as risk control and human resources, to strengthen operational efficiency[139]. Community Engagement and Social Responsibility - The company invested approximately RMB 730,000 in educational development through its charity trust in Gansu province[192]. - The company and its subsidiaries contributed a total of approximately RMB 3.3 million in donations and support for poverty alleviation and community assistance initiatives[193]. - The company established a charity trust with an investment of about RMB 600,000 to support the welfare of border defense soldiers[192]. - The company actively participated in various public welfare activities aimed at supporting rural revitalization and poverty alleviation[192]. Asset Management and Investments - The company successfully disposed of assets worth approximately 3.066 billion yuan and sold 100% equity of Zhejiang Panhai Construction Investment for about 2.2 billion yuan[45]. - The company is focusing on enhancing its internal control and risk management systems[162]. - The company plans to adjust its overseas asset structure as part of its strategic initiatives[162]. - The company has committed to not engage in any business that may compete directly or indirectly with its core operations in real estate development[196]. - The company has established a guarantee fund of 143.5 million yuan to cover potential losses during the asset acquisition process[198].