HIG(SZ:000548)2022-04-01 16:00Financial Performance - The company reported significant financial metrics in the annual report, including total assets of 1.2 billion CNY and a net profit margin of 15%[13]. - The company’s revenue for the year reached 800 million CNY, reflecting a year-over-year increase of 12%[13]. - In 2021, the company's operating revenue was ¥428,666,742.25, a decrease of 1.69% compared to ¥436,041,746.35 in 2020[20]. - The net profit attributable to shareholders was ¥51,888,290.98, down 40.26% from ¥86,851,488.68 in 2020[20]. - The total profit for 2021 was CNY 78.60 million, reflecting a decline of 25.77% compared to the previous year[46]. - The company achieved a net profit attributable to shareholders of 51,888,290.98 CNY for the year 2021, with the parent company reporting a net profit of 70,795,815.86 CNY[140]. Dividend Distribution - The company plans to distribute a cash dividend of 0.20 CNY per 10 shares based on a total of 499,215,811 shares, amounting to a total dividend payout of approximately 99.84 million CNY[5]. - The company distributed a cash dividend of 0.20 yuan per 10 shares, totaling 9,984,316.22 yuan (including tax) based on a total share capital of 499,215,811 shares[136]. - A cash dividend of 0.20 CNY per 10 shares (including tax) is proposed, totaling 9,984,316.22 CNY to be distributed to shareholders, leaving 708,635,245.22 CNY as undistributed profits for future allocation[140]. Market Expansion and Investment - The company is focusing on market expansion and has identified new investment opportunities in urban infrastructure projects, aiming for a growth rate of 10% in the next fiscal year[13]. - The company is exploring potential mergers and acquisitions to enhance its market position, with a budget of 200 million CNY earmarked for this purpose[13]. - The company has allocated 50 million CNY for research and development of new technologies in the upcoming year, targeting advancements in asset management and property services[13]. - The company anticipates a challenging economic environment but remains optimistic about achieving a revenue growth target of 15% for the next fiscal year[13]. Corporate Governance - The company is committed to enhancing its corporate governance practices, as outlined in the annual report, to ensure transparency and accountability[13]. - The company has established a transparent governance structure, enhancing management levels and ensuring compliance with legal regulations, which supports investor relations and protects shareholder rights[92]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance standards and effective oversight of company operations[95]. - The company has established independent financial management systems and tax compliance, ensuring financial autonomy[103]. - The company has a structured approach to managing potential conflicts arising from its controlling shareholder's business activities[104]. Employee and Management Structure - The total number of employees at the end of the reporting period was 820, with 561 in the parent company and 259 in major subsidiaries[131]. - The professional composition of employees includes 470 production personnel, 88 sales personnel, 72 technical personnel, 74 financial personnel, and 116 administrative personnel[131]. - The management team has a diverse educational background, including master's degrees and professional qualifications in finance and engineering[110]. - The company has established a performance appraisal system to enhance employee efficiency and motivation, which serves as a basis for rewards, promotions, and training[132]. Risk Management and Challenges - The company faces significant risks from the macroeconomic environment, including insufficient recovery from the global pandemic and rising commodity prices, but maintains a long-term positive outlook[82]. - The company emphasizes the importance of safety and risk management while pursuing development goals[81]. - The company is monitoring the restructuring progress of Hunan Jinli Technology Agricultural Co., Ltd. to protect its interests[187]. Community Engagement and Social Responsibility - The company has engaged in community support activities, visiting 51 poverty alleviation households and providing targeted assistance to prevent poverty recurrence[163]. - The company has invested in rural road construction, laying 3 kilometers of cement roads and 4 kilometers of asphalt roads in Jinpai Village, contributing to rural revitalization efforts[163]. - The company has completed 17 initiatives under the "I serve the people" practice activity, focusing on improving public services and infrastructure[162]. Internal Control and Compliance - The internal control system was established and effectively implemented, adhering to the regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[142]. - The internal control audit report issued by Tianjian provided a standard unqualified opinion, confirming effective financial reporting internal controls as of December 31, 2021[145]. - The company has not faced any administrative penalties related to environmental issues during the reporting period, indicating compliance with environmental regulations[153]. Future Outlook - The company plans to implement a five-year development plan from 2021 to 2025 to accelerate transformation and development[45]. - The company aims to enhance urban quality through various projects, including Guangrun Fuyuan and Guanglu He Fu, while improving hotel quality and brand recognition[80]. - The hotel industry is projected to experience a peak in operations in the second half of 2022 as pandemic restrictions ease, with mid-range hotels showing stronger recovery compared to those focused solely on room rentals[86].