粤宏远A(000573) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 1,211,711,620.31, representing a 46.69% increase compared to CNY 826,058,865.27 in 2020[18]. - The net profit attributable to shareholders for 2021 was CNY 140,619,189.57, a significant turnaround from a loss of CNY 116,235,602.31 in 2020, marking a 220.98% increase[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 142,661,649.94, up 226.17% from a loss of CNY 113,068,419.95 in the previous year[18]. - The basic earnings per share for 2021 was CNY 0.2203, compared to a loss of CNY 0.1829 in 2020, reflecting a 220.45% increase[18]. - The weighted average return on net assets for 2021 was 8.65%, a recovery from -7.08% in 2020, indicating a 15.73% improvement[18]. - The company achieved a total revenue of RMB 1,211,711,620.31 in 2021, representing a 46.69% increase compared to the previous year[42]. - The net profit attributable to shareholders reached RMB 140,619,189.57, marking a significant increase of 220.98% year-on-year[42]. - Revenue from real estate sales amounted to RMB 708,774,935.75, which is a 105.78% increase from RMB 344,426,788.57 in 2020[44]. - The company reported a gross margin of 52.90% for real estate sales, up by 4.00% from the previous year[46]. Cash Flow and Investments - The net cash flow from operating activities for 2021 was CNY 119,316,162.12, down 55.00% from CNY 265,125,813.91 in 2020[18]. - The company received government subsidies amounting to CNY 27,420.89 in 2021, down from CNY 133,942.52 in 2020[24]. - The company's cash and cash equivalents decreased by 31.11% to ¥453,066,441.60, primarily due to bank loan repayments[63]. - The total liabilities decreased by 45.67% to ¥833,459,634.01, mainly due to the recognition of pre-received housing payments as revenue[65]. - The company reported a total investment of 277,434,475.09 CNY in the current period, an increase of 29.5% compared to 214,361,207.95 CNY in the previous year[78]. - The significant equity investment amounted to 75,000,000.00 CNY, down from 110,705,800.00 CNY year-on-year, representing a decrease of 32.3%[78]. - Non-equity investments reached 190,138,475.09 CNY, which is a substantial increase of 100.0% compared to 94,739,307.95 CNY in the previous year[78]. Business Operations and Strategy - The company has not reported any changes in its main business operations since its listing in 1994, which includes industrial zone development and real estate development[17]. - The company has maintained a consistent focus on expanding its industrial zone and real estate development projects, with no significant changes in its major business activities[17]. - The company is focusing on sustainable development and inventory turnover, with good sales progress in the Diting Mountain project[29]. - The company has expanded into the coal and recycled lead industries to achieve cross-industry development breakthroughs[41]. - The company is actively seeking to enhance its core business while pursuing diversified development strategies[41]. - The company plans to continue expanding its market presence and developing new projects in the upcoming year[40]. - The company plans to invest approximately 623 million yuan in 2022 for projects including "Diting Mountain," "Hongyuan Business Center," and coal mine integration and expansion[125]. Risks and Challenges - The company faces several risks in 2022, including macroeconomic risks, policy risks, and market risks, which may impact future operations[4]. - The company anticipates a narrowing profit margin in the real estate sector due to tightening industry regulations and market saturation[121]. - The company faces macroeconomic risks due to uncertainties from the COVID-19 pandemic and geopolitical factors, which may hinder economic recovery[126]. - The company is addressing market risks related to commodity price fluctuations by strengthening pricing strategies and cost control measures[129]. Environmental and Regulatory Compliance - The company has obtained necessary environmental permits, including the Hazardous Waste Operating License and Pollutant Discharge Permit[184]. - The company has established an emergency response plan for environmental incidents, which has been approved by the local environmental protection bureau[185]. - The company has a comprehensive self-monitoring plan for environmental compliance, with quarterly assessments by qualified third parties[186]. - The company has established a risk management system for its hedging activities, effectively mitigating risks associated with price fluctuations in its production and trading operations[87]. Corporate Governance - The company has established a comprehensive internal governance structure that complies with relevant laws and regulations, ensuring effective internal control[134]. - The company has maintained compliance with regulatory requirements regarding derivative investments and risk management practices[87]. - The board of directors consists of 5 members, with 3 non-independent directors and 2 independent directors, complying with governance standards[180]. - The company has resolved the issue of exceeding the limit of directors concurrently serving as executives, with the current ratio being 3 out of 5[180]. - The company has implemented measures to enhance governance standards and improve the quality of the listed company[181]. Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares to all shareholders, based on a total of 638,280,604.00 shares[4]. - The total cash dividend amount for 2021 is approximately CNY 63,828,060.40, which accounts for 100% of the distributable profit of CNY 226,928,729.13[170]. - The profit distribution plan for 2021 proposes a cash dividend of CNY 1.00 per 10 shares, based on a total share capital of 638,280,604 shares[171]. - The company has established a three-year shareholder return plan for 2021-2023[148]. Human Resources - The company reported a total of 252 employees at the end of the reporting period, with 111 holding a college degree or higher[164]. - R&D personnel increased from 6 to 7, a growth of 16.67%[60]. - Total remuneration for directors, supervisors, and senior management amounted to 577.61 million CNY during the reporting period[147].