Shenzhen Seg (SZ:000058)2022-03-17 16:00Share Capital and Dividends - The total share capital of the company as of December 31, 2021, was 1,235,656,249 shares, with a proposed cash dividend of 0.10 RMB per share[5]. - The company plans to distribute profits based on 1,231,200,672 shares after excluding 4,455,577 shares that do not participate in the distribution[5]. Business Operations - The company has not reported any changes in its main business operations during the reporting period[27]. - There were no changes in the controlling shareholders during the reporting period[27]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[4]. Financial Performance - The company's operating revenue for 2021 was ¥1,994,653,376.81, representing a 42.10% increase compared to ¥1,403,665,817.37 in 2020[29]. - The net profit attributable to shareholders for 2021 was ¥46,382,677.88, a significant increase of 78.91% from ¥25,924,861.87 in 2020[29]. - The net cash flow from operating activities reached ¥754,029,738.42, marking a 209.61% increase from ¥243,544,355.42 in the previous year[29]. - The basic earnings per share for 2021 was ¥0.0375, up 78.57% from ¥0.0210 in 2020[29]. - The total assets at the end of 2021 were ¥5,632,373,265.14, a decrease of 3.41% from ¥5,830,977,104.07 at the end of 2020[29]. - The net assets attributable to shareholders at the end of 2021 were ¥1,984,760,159.28, reflecting a 4.15% increase from ¥1,905,722,149.42 at the end of 2020[29]. Market Expansion and Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[44]. - The company is actively expanding into strategic emerging industries, including the production of cadmium telluride solar glass and the construction of distributed power stations[52]. - The company has been recognized as one of the top 100 comprehensive strength property service enterprises in China for 2021[47]. - The company is focusing on enhancing service quality and optimizing operational models to maintain its industry-leading position in the electronic market[51]. - The company is committed to supporting the national "carbon peak and carbon neutrality" goals through its investments in renewable energy projects[52]. Subsidiary Performance - The subsidiary Seg Baohua generated operating income of 97,733.51 million and net profit of 21,080.40 million, showing a year-on-year increase due to previous rent reductions[130]. - The subsidiary Changsha Seg reported operating income of 18,039.83 million and net profit of 7,326.71 million, also increasing year-on-year due to prior rent reductions[130]. - The subsidiary Seg Longyan achieved operating income of 120,252.49 million, although it reported a net loss of 3,614.78 million, attributed to increased operational volume[130]. - The subsidiary Seg Kangle reported operating income of 77,287.72 million and net profit of 29,539.67 million, with growth linked to previous rent reductions[134]. Research and Development - The company is investing heavily in R&D, with a budget increase of 30% to support new technology development[149]. - The number of R&D personnel increased by 93.33% from 15 in 2020 to 29 in 2021[91]. - R&D investment amounted to ¥5,046,124.90 in 2021, representing an 18.86% increase from ¥4,245,611.77 in 2020[91]. Governance and Compliance - The board of directors has been restructured to include three independent directors, ensuring compliance with governance standards[152]. - The company has implemented stricter internal controls to improve information disclosure and transparency, with 99 reports filed during the year[155]. - The company provides monthly financial reports to its controlling shareholder, Seg Group, as part of its information disclosure practices[158]. - The company has established independent financial and auditing departments, maintaining a complete accounting system and independent tax obligations[166]. Shareholder Engagement - The annual shareholders meeting had a participation rate of 57.16% on May 19, 2021[170]. - The first extraordinary shareholders meeting had a participation rate of 56.98% on September 9, 2021[170]. - The second extraordinary shareholders meeting had a participation rate of 56.80% on December 28, 2021[170]. Financial Management - Total remuneration for directors, supervisors, and senior management during the reporting period amounted to 2.9766 million yuan (including tax) for 11 individuals[199]. - The company’s remuneration policy is determined by the shareholders' meeting[199].