CFGC(SZ:000055)2022-03-29 16:00Financial Performance - The company's operating revenue for 2021 was CNY 3,557,724,397, representing an increase of 18.58% compared to CNY 3,000,191,773 in 2020[20]. - The net profit attributable to shareholders of the listed company decreased by 42.94% to CNY 222,168,142.53 from CNY 382,051,466.98 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 167,650,395.54, down 55.53% from CNY 376,968,729.62 in 2020[20]. - The net cash flow from operating activities was negative at CNY -63,425,296.29, a decline of 111.43% compared to CNY 548,709,785.90 in the previous year[20]. - Basic earnings per share decreased by 40.00% to CNY 0.21 from CNY 0.35 in 2020[20]. - The company achieved operating revenue of CNY 3,557.72 million in 2021, an increase of 18.58% compared to the previous year[32]. - Net profit attributable to shareholders of the parent company was CNY 222.17 million, a decrease of 42.94% year-on-year, primarily due to accounting changes and tax settlements from the previous year[32]. - Excluding the aforementioned impacts, net profit increased by 17.99% year-on-year[32]. - The company's total assets at the end of 2021 were CNY 12,261.34 million, reflecting a growth of 3.11% from the previous year[21]. - The weighted average return on net assets was 4.09% for 2021, down from 7.26% in 2020[21]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares (including tax) based on a total share capital of 1,073,874,227 shares[6]. - The proposed cash dividend for 2021 is 0.50 RMB per 10 shares, totaling 53,693,711.35 RMB, with no stock dividends or capital reserve transfers planned[167]. - The company has maintained a consistent dividend policy, reflecting its commitment to shareholder returns[139]. Risk Management - The company has identified market risks, management risks, and operational risks in its annual report[6]. - The company emphasizes the importance of investor awareness regarding potential investment risks associated with forward-looking statements[6]. - The company faces risks from macroeconomic changes, which could impact demand in the public building curtain wall and rail transit equipment sectors, potentially affecting profitability[125]. - The company is addressing market competition risks by enhancing product competitiveness through technological innovation and expanding into international markets[126]. - The company is implementing measures to mitigate production risks related to raw material price fluctuations and labor costs, including futures contracts and improved production management[127]. Innovation and Product Development - The company has developed several innovative products, including smart curtain walls and solar photovoltaic curtain walls, and has been recognized as a manufacturing champion by the Ministry of Industry and Information Technology[31]. - The company is currently developing several new products, including a new generation of rail transit screen doors and a flexible production system for smart factories, aimed at enhancing market competitiveness and production efficiency[95]. - The company has received 14 patents during the reporting period, including modular frame curtain wall systems, enhancing production and installation efficiency[40]. - The company has established a comprehensive quality control system, being the first in the industry to obtain dual certifications for ISO9001 and ISO14001, ensuring strict quality management across all operational stages[43]. Market Presence and Expansion - The company has established a presence in countries and regions along the Belt and Road Initiative, including Singapore, India, Australia, and Bangladesh[31]. - The company operates seven national high-tech enterprises and has established multiple manufacturing bases across China[31]. - The company has expanded its overseas projects, with a total of 5 projects in regions such as Australia and the Middle East, amounting to a total contract value of ¥9,278.97 million[83]. - The company’s products cover 70% of the domestic subway operating cities and have been implemented in 43 cities globally, including significant projects in Southeast Asia[71]. Corporate Governance - The board of directors includes experienced professionals, with the chairman holding 3,060,600 shares, indicating strong insider confidence[138]. - The company has no changes in the board of directors, supervisors, or senior management during the reporting period, ensuring stability in leadership[142]. - The independent directors bring diverse expertise, including accounting and legal backgrounds, which strengthens corporate governance[141]. - The company held a total of 6 board meetings during the reporting period, with all directors present at least once[150]. Social Responsibility and Environmental Impact - The company actively fulfilled its social responsibilities, contributing to economic development and environmental protection[158]. - The company generated 19.598 million kWh of solar photovoltaic power, reducing carbon dioxide emissions by nearly 20,000 tons, contributing to carbon neutrality goals[177]. - The company has established an environmental management system, with multiple subsidiaries certified under ISO 14001[178]. - The company contributed a total of 3.3792 million yuan to social welfare activities during the reporting period, including a donation of 3 million yuan to Nanchang University for library renovation[180]. Internal Control and Compliance - The company maintained a robust internal control system, with no violations of laws or regulations reported by the supervisory board[157]. - The internal control self-evaluation report indicated that 91.35% of the total assets of the evaluated units were included in the company's consolidated financial statements[171]. - The company reported no significant internal control deficiencies in financial or non-financial reporting for the year 2021[172]. - The financial reports for 2021 were audited by Rongcheng Accounting Firm, which issued a standard unqualified opinion, reflecting the company's financial status accurately[157].