*ST新联(000620) - 2021 Q4 - 年度财报

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[22]. - The net profit attributable to shareholders was RMB 200 million, which is a 10% increase compared to the previous year[22]. - The company's operating revenue for 2021 was ¥8,598,781,556.35, an increase of 21.39% compared to ¥7,083,884,205.43 in 2020[29]. - The company achieved a total revenue of 8.599 billion yuan and a net profit attributable to the parent company of -3.893 billion yuan for the year[49]. - The total revenue for 2021 was CNY 8,598,781,556.35, representing a year-on-year increase of 21.39% from CNY 7,083,884,205.43 in 2020[76]. - Revenue from residential property sales accounted for 78.07% of total revenue, amounting to CNY 6,712,653,654.85, which is a 26.84% increase compared to CNY 5,292,063,785.70 in 2020[76]. - The cultural tourism sector generated CNY 1,211,484,533.40, making up 14.09% of total revenue, with an 8.90% increase from CNY 1,112,468,277.98 in 2020[76]. - The company reported a significant increase in overseas sales, which reached CNY 2,089,946,131.33, a staggering growth of 2,803.20% from CNY 71,987,557.31 in 2020[76]. - The company reported a net profit margin of 12%, up from 10% in the previous year, indicating improved operational efficiency[159]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces in 2022, aiming for a 20% increase in market share[22]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market reach[22]. - The company is actively pursuing new strategies for market expansion and product development, focusing on residential and commercial projects[59]. - The company plans to expand its market presence through new projects and strategic partnerships, aiming for increased revenue growth in the upcoming quarters[66]. - The company is looking to enhance its operational efficiency through strategic appointments and restructuring efforts[147]. - The company is focused on expanding its market presence and exploring new business strategies to drive growth[148]. - The company plans to enhance the disposal of non-scenic large properties such as hotels and shopping malls to increase cash flow[124]. - The company is expanding its market presence with new projects in regions like Sanya and Lingshui, contributing to its growth strategy[59]. Product Development and Innovation - New product development includes the launch of a cultural tourism app, expected to generate an additional RMB 50 million in revenue in 2022[22]. - The company is investing in research and development, with an increase in R&D expenditure by 30% to foster innovation[156]. - New product launches are expected to contribute an additional 200 million yuan in revenue, with a focus on innovative technology solutions[156]. - The company is committed to developing new products and technologies to enhance its service offerings in the tourism industry[153]. Operational Efficiency and Management - The management has set a performance guidance of 10-15% revenue growth for 2022[22]. - The company is focusing on enhancing the operational efficiency and profitability of its cultural tourism projects while accelerating the disposal of real estate projects[47]. - The company aims to strengthen its cultural tourism operations and innovate in scenic area management and tourism content[48]. - The company has a strong leadership team with a mix of experience in finance, management, and industry-specific knowledge, which is crucial for its future growth[148]. - The company aims to strengthen its financial performance and market competitiveness through ongoing management improvements and strategic initiatives[148]. - The company has implemented targeted marketing strategies, leading to concentrated growth in sales returns through various promotional activities[52]. Risks and Challenges - The company has identified potential risks related to market competition and regulatory changes, with strategies in place to mitigate these risks[8]. - The company anticipates that real estate financing policies will remain tight, impacting overall financing pressure[122]. - The company faces macroeconomic risks due to complex domestic and international economic conditions affecting consumer spending[123]. - The real estate sector remains sensitive to national macro-control policies, with ongoing regulatory measures expected to stabilize the market[123]. - The report indicates that significant internal control defects have not been rectified within a reasonable period[198]. Corporate Governance - The company has established a robust corporate governance structure, complying with relevant laws and regulations, ensuring effective operation and decision-making[131]. - The board of directors operates independently and adheres to legal requirements, ensuring prudent and reasonable decision-making processes[132]. - The company emphasizes transparency in information disclosure, ensuring equal access to information for all investors[133]. - The company has established an independent human resources management system, including recruitment, training, performance evaluation, and compensation management, fully independent from the controlling shareholder[137]. - The company has a sound corporate governance structure and independent internal operating institutions, ensuring independent exercise of powers by the board and management[137]. Employee Development and Training - The total number of employees at the end of the reporting period was 6,660, with 6,555 from major subsidiaries and 105 from the parent company[184]. - A total of 38 training sessions were held in 2021, with 3,022 participants and a training satisfaction rate of 97.6%[187]. - The employee stock ownership plan included 187 employees holding a total of 13,566,347 shares, representing 0.72% of the company's total share capital[192]. - The company has 927 technical personnel, highlighting a strong emphasis on technical expertise within the workforce[184]. Financial Management - The financing balance at the end of the period is approximately 9.50 billion, with an average financing cost ranging from 4.243% to 10.688%[64]. - The company reported a significant decrease in cash inflow from financing activities, down 77.96% to ¥1,114,952,520.72[93]. - The company has established a comprehensive internal control system, with no significant deficiencies reported during the period[196]. - The company has not implemented any stock incentive plans for directors and senior management during the reporting period[189].