南京公用(000421) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥3,588,708,109.25, a decrease of 47.53% compared to 2020[20]. - The net profit attributable to shareholders for 2021 was ¥98,650,564.47, down 56.17% from the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥92,025,729.20, reflecting a decline of 58.27% year-over-year[20]. - The diluted earnings per share for 2021 was ¥0.1723, a decrease of 56.17% compared to 2020[21]. - The company reported a weighted average return on equity of 3.48% for 2021, down 4.84% from the previous year[21]. - The company achieved total operating revenue of CNY 358,870.81 million, a decrease of 47.53% compared to the previous year[38]. - The company achieved a total operating cost of 2,848.514 million yuan in 2021, a decrease of 42.96% year-on-year[47]. - The company reported a significant increase in cash and cash equivalents of CNY 86,446.83 million, mainly from pre-sales of properties[38]. - The cash and cash equivalents increased by 131.40% to ¥864,468,251.94 in 2021, compared to ¥373,577,776.97 in 2020[58]. - The total cash inflow from operating activities was ¥6,585,710,703.58, reflecting a 70.50% increase from ¥3,862,636,634.47 in the previous year[58]. Business Operations - The main business remains focused on gas sales, real estate development, and passenger transport, with no changes during the reporting period[19]. - The company has maintained its status as a comprehensive listed company with core operations in gas sales, real estate, and passenger transport since its major asset restructuring in 2015[19]. - The company experienced a significant increase in natural gas consumption, with a 12.7% year-over-year growth in apparent consumption[31]. - The average sales price of commercial residential properties in Nanjing increased by 4.17% year-over-year, reflecting a slight market recovery[32]. - The automotive operation revenue rose by 37.01% to CNY 14,756.19 million, reflecting a recovery in passenger volume and taxi contract fees[38]. - The company operates 3,636 taxi licenses, controlling nearly one-third of the traditional taxi market in Nanjing[36]. - The company has launched nearly 600 new energy vehicles in 2021, aligning with national green development goals[36]. - The company is focusing on digital upgrades and the integration of traditional and new taxi services to enhance competitiveness in the transportation sector[32]. Revenue Breakdown - Gas sales revenue increased by 16.27% to CNY 2,465,404.57 million, driven by higher supply volume and average sales price[39]. - Real estate development revenue decreased by 95.60% to CNY 172,246.88 million, primarily due to lower project delivery volume compared to the previous year[38]. - The engineering construction revenue increased by 8.10% to CNY 28,130.99 million, attributed to higher income from gas installation and construction projects[38]. - Real estate development sales volume increased by 706.90% to 126,608.17 square meters in 2021 from 15,690.66 square meters in 2020[44]. - Gas sales volume rose by 5.30% to 76,290,000 cubic meters in 2021 compared to 72,447,000 cubic meters in 2020[44]. Research and Development - The company’s R&D expenses rose by 54.06% to 8,225,028.96 yuan, primarily due to increased salaries for R&D personnel[51]. - The company completed several key R&D projects, including a high-precision gas leak detection system and an automated inspection system for high-pressure pipelines, aimed at improving operational efficiency and reducing costs[53]. - The company has developed a CRM prepayment software to enhance payment methods for gas fees, allowing real-time shutoff for overdue accounts[53]. - The investment in new technologies, such as hydrogen energy utilization and data security enhancements, is expected to significantly impact future development and operational efficiency[53]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to ¥1,044,227,384.25, a 155.45% increase compared to the previous year[20]. - The net cash flow from investment activities for the year was -37,001,236.81 CNY, an increase of 78.17% compared to the previous year, mainly due to the increase in the scope of consolidation with Jianxin Zhongbei[59]. - The net cash flow from financing activities was -142,471,455.23 CNY, a decrease of 105.87% year-on-year, primarily due to a reduction in bank withdrawals and minority shareholder loans received[59]. - The company reported a significant increase in inventory, which rose to 5,193,094,757.01 CNY, accounting for 36.63% of total assets, up from 31.28%[63]. Corporate Governance - The company has maintained a governance structure that ensures transparency and protects shareholder interests, with a board of 9 members including 3 independent directors[98]. - The company emphasizes compliance with legal regulations and effective internal controls to enhance operational standards and shareholder value[97]. - The company has a complete and independent business system, capable of autonomous decision-making and management[102]. - The company has established an independent financial department, implementing independent accounting and financial decision-making[104]. - The company has complied with all relevant laws and regulations regarding corporate governance, with no significant discrepancies[101]. Shareholder Engagement - The company implemented a cash dividend policy, distributing 0.65 CNY per 10 shares to shareholders, based on a total share capital of 572,646,934 shares[133]. - The company plans to distribute a cash dividend of RMB 1 per 10 shares, totaling RMB 57,833,193.40, which represents 100% of the distributable profit of RMB 810,234,313.71[135]. - The cash dividend distribution plan is subject to approval by the shareholders' meeting, highlighting the importance of shareholder engagement[135]. - The company has established a stock incentive plan, which was approved by the board on December 30, 2021, to motivate management performance[136]. Social Responsibility - The company received multiple honors, including "Civilized Unit of Nanjing" and "Civilized Unit of Jiangsu Province," reflecting its commitment to social responsibility[155]. - The company engaged in various public welfare activities, including pandemic response efforts, demonstrating its social responsibility[156]. Future Outlook - Future outlook indicates a focus on expanding market presence and enhancing product offerings, with specific growth targets set for the upcoming fiscal year[112]. - The management team emphasizes the importance of sustainable practices in future business strategies, aligning with industry trends[112]. - The company plans to invest in technology upgrades to enhance operational efficiency and customer engagement[112].