GD ELECTRICITY(SZ:000537)2022-04-28 16:00Dividend and Shareholder Information - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders, based on a total of 1,862,520,720 shares[2]. - The company reported a cash dividend of 186,252,072 yuan, which represents 100% of the distributable profit of 6,958,470,629.42 yuan[141]. Company Overview - The company was established on March 5, 1986, and has undergone several changes in its registered address, with the current address being Tianjin Economic-Technological Development Area[7]. - The company is listed on the Shenzhen Stock Exchange under the stock code 000537[7]. - The company’s official website is www.gyfz000537.com, providing access to further information[7]. - The company has a registered office in Beijing, indicating its operational reach beyond Tianjin[7]. - The company’s legal representative is Zhan Jianjun, who oversees the financial reporting accuracy[2]. - The company has a dedicated contact for investor relations, with the secretary of the board being Zhang Kunjie[8]. Financial Performance - The company's operating revenue for 2021 was ¥16,235,778,609.50, a decrease of 17.80% compared to ¥19,750,567,812.57 in 2020[12]. - The net profit attributable to shareholders for 2021 was -¥1,357,832,006.29, representing a decline of 161.40% from ¥2,211,605,684.51 in 2020[12]. - The net cash flow from operating activities improved to ¥143,866,531.78 in 2021, a significant increase of 102.25% compared to -¥6,384,692,667.24 in 2020[12]. - The total assets at the end of 2021 were ¥82,243,958,298.83, reflecting a growth of 9.90% from ¥74,834,989,645.27 at the end of 2020[12]. - The net assets attributable to shareholders decreased by 11.87% to ¥13,533,259,858.10 at the end of 2021, down from ¥15,356,722,044.39 at the end of 2020[12]. - The basic earnings per share for 2021 was -¥0.73, a decline of 161.34% compared to ¥1.19 in 2020[12]. - The weighted average return on equity was -9.37% in 2021, a decrease of 24.59 percentage points from 15.22% in 2020[12]. Real Estate Development and Investment - The company operates in the real estate sector, adhering to the disclosure requirements set by the Shenzhen Stock Exchange[2]. - The company’s total real estate development investment in 2021 was ¥1.476 trillion, reflecting a 4.4% increase year-on-year, while the area of new housing starts decreased by 11.4%[18]. - The company reported a significant decrease in land acquisition area by 15.5% in 2021, indicating challenges in securing new development sites[18]. - The company has expanded its green real estate projects across 18 cities, focusing on residential development and related commercial services[19]. - The company aims to enhance its property service quality by integrating smart technologies and creating green smart communities[19]. Strategic Shifts and Future Plans - The company plans to transition its main business from real estate development to renewable energy investment and operation, aligning with national policies on carbon neutrality and renewable energy[18]. - The company has fully completed its major asset restructuring, transitioning its main business from real estate development to wind and solar energy investment and operation[21]. - The company has initiated a strategic shift to align with the national "dual carbon" strategy, supporting its transition to renewable energy[24]. - The company plans to enhance its market competitiveness by focusing on health-oriented real estate projects, with notable recognitions for its developments[25]. Governance and Compliance - The company has established a comprehensive governance structure, holding 9 shareholder meetings and 17 board meetings in the year[27]. - The company has implemented a series of strategic measures, including major asset restructuring and mergers, to strengthen its market position and financial performance[18]. - The company has strengthened information disclosure practices to enhance governance standards and promote healthy development[104]. - The company has maintained compliance with regulatory requirements regarding corporate governance throughout the reporting period[104]. Financial Management and Performance Metrics - The company achieved an operating revenue of 16.236 billion yuan in 2021, a decrease of 17.8% compared to the previous year[25]. - The total assets of the company reached 82.244 billion yuan, with a debt-to-asset ratio of 83.05%[25]. - The company reported a total revenue of 1,000,000 million for the quarter, reflecting a year-over-year increase of 15%[44]. - The company provided guidance for the next quarter, expecting revenue growth of 10% to 12%[46]. Employee and Management Information - The total number of employees at the end of the reporting period was 1,519, with 31 in the parent company and 1,488 in major subsidiaries[136]. - The company has a total of 1,552 employees receiving compensation during the period, including 11 retired employees[136]. - The educational background of employees includes 409 with master's degrees or above, 908 with bachelor's degrees, and 202 with associate degrees or below[136]. - The company plans to invest approximately 5.334 million yuan in professional training for management and technical personnel in 2022[139]. Environmental Commitment - The company achieved 100% green building certification, promoting green development and innovative green technologies[151]. - The company is transitioning its main business from real estate development to new energy generation[151]. - There were no administrative penalties due to environmental issues during the reporting period[151]. Related Party Transactions and Compliance - The company guarantees the independence of Tianjin Guangyu's operations, assets, finances, personnel, and organizational structure, ensuring no interference from the controlling company[155]. - The company has committed to minimizing related party transactions and ensuring fair pricing in any unavoidable transactions with Tianjin Guangyu Development Co., Ltd. after the acquisition[154]. - The company has acknowledged the current loss status of Dalian Runeng Real Estate Co., Ltd. and the uncertainty of future profitability, thus it is not suitable for injection into the listed company at this time[167].