BRILLIANT(SZ:000628)2022-04-27 16:00Financial Performance - The company's operating revenue for 2021 was ¥6,611,796,782.29, representing a 19.50% increase compared to 2020[11]. - The net profit attributable to shareholders for 2021 was ¥6,611,796,782.29, a significant increase from ¥163,348,056.32 in 2020[11]. - The net cash flow from operating activities for 2021 was ¥458,904,109.68, showing a 186.31% increase from the previous year[11]. - Total assets at the end of 2021 reached ¥10,828,274,340.73, a 29.85% increase from the end of 2020[12]. - The net assets attributable to shareholders at the end of 2021 were ¥1,558,202,228.37, reflecting a 1.50% increase from the previous year[12]. - The company reported a basic earnings per share of ¥0.464 for 2021, down 39.35% from ¥0.765 in 2020[11]. - The company achieved a weighted average return on equity of 10.65% in 2021, a decrease of 10.08% from the previous year[11]. - The company recorded a total of ¥28,243,816.62 in non-recurring gains for 2021, compared to ¥61,748,462.19 in 2020[16]. - The company's construction revenue for the reporting period was approximately CNY 6.175 billion, representing a year-on-year growth of 36.74%[42]. - The construction segment accounted for 93.39% of total revenue, with revenue of ¥6,174,945,996.51, up 11.77% from the previous year[55]. - Revenue from smart city construction and related services decreased by 53.08% to ¥85,881,541.12, contributing only 1.30% to total revenue[55]. - The futures and related business revenue fell by 7.99% to ¥252,437,587.52, accounting for 3.82% of total revenue[55]. Strategic Direction - The smart city construction and operation services are identified as a strategic transformation direction, with this business segment having gained initial scale over the past two years[9]. - The company plans to leverage the ongoing infrastructure investments and the "14th Five-Year Plan" to enhance its market position in the construction sector[17]. - The company aims to implement 133 key projects with a total investment exceeding 60 billion yuan over the next five years to improve living quality and public service capacity[18]. - The strategic direction includes expanding smart city construction and related services, initiated in 2019 through the establishment of a subsidiary[31]. - The company plans to continue optimizing and disposing of non-core businesses and assets to improve its asset structure and focus on its main business[99]. - The company aims to transform into a high-quality state-owned listed company with strong profitability and core business advantages, enhancing returns for investors[93]. Construction Industry Insights - The construction industry remains the primary source of revenue and profit for the company, providing stable profits[9]. - The construction industry in China saw a total output value of ¥293,079 billion in 2021, growing by 11% year-on-year[17]. - Chengdu's fixed asset investment in 2021 increased by 10.0% year-on-year, with an average growth of 9.9% over two years[18]. - Investment in key areas such as Tianfu New Area, Eastern New Area, and High-tech Zone grew by 16.3%, 20.0%, and 13.7% respectively[18]. Smart City Development - Chengdu aims to enter the top tier of smart cities in China by 2025, with a goal of becoming a model for "digital government and smart society" construction[22]. - The digital economy's core industry value added is targeted to exceed 12.8% of the regional GDP in Chengdu[22]. - Chengdu's new infrastructure projects total nearly 18 billion RMB, including smart governance and IoT security platforms[22]. - The "East Data West Computing" project has been fully launched, positioning Chengdu as a strategic hub for national data center clusters[22]. - Beizhi Intelligent focuses on smart city solutions, providing integrated services such as smart governance, smart transportation, and smart healthcare, aiming to become a leading provider in the industry[32]. - The company has successfully implemented 14 green smart construction projects within Chengdu High-tech Zone and signed 7 environmental construction projects in the Chenghua District, showcasing its capability in the green smart construction sector[37]. Project Pipeline and Contracts - As of December 31, 2021, the company had 97 signed but uncompleted contracts with a total value of approximately 26.791 billion yuan, ensuring future profit sources[25]. - The company signed a total of 20 significant contracts from 2017 to 2021, indicating a strong pipeline of projects[192][193][194][195][196][197][198][199]. - The company has signed contracts for the design and construction general contracting of the Gaoxin Futian TOD project for three plots (B-06, B-08, B-09) with project owners Gao Tou He Sheng and Dai Jian owner Gao Tou Zhi Ye[200]. Research and Development - The company invested CNY 12.3034 million in R&D during the reporting period, a 77.30% increase compared to the previous year, focusing on smart city segments such as smart environmental protection and smart public safety[50]. - The number of R&D personnel increased by 40% from 45 in 2020 to 63 in 2021, representing 5.25% of total employees[72]. - R&D investment rose by 77.30% from ¥6,939,483.38 in 2020 to ¥12,303,380.29 in 2021, accounting for 0.19% of operating revenue[72]. Corporate Governance and Management - The company has established independent financial management and accounting systems, ensuring clear asset ownership[108]. - The board of directors and supervisory board strictly adhered to legal and regulatory requirements, ensuring accurate and complete information disclosure[104]. - The company has maintained a stable management team with no significant changes in shareholding among directors and senior management[117]. - The company has enhanced its internal control effectiveness during the reporting period[105]. - The company reported a total of 5,857,895 hours of outsourced labor, with total payments amounting to 195,887,976.45 RMB[147]. Shareholder Engagement - The first temporary shareholders' meeting in 2021 had an investor participation rate of 55.46%[109]. - The annual shareholders' meeting for 2020 had a participation rate of 53.73%[109]. - The company maintained a 100% response rate on the "Interactive Easy" platform for investor inquiries[107]. Environmental and Social Responsibility - The company has adhered to environmental regulations and is not classified as a key pollutant discharge unit by environmental authorities[157]. - The company raised a total of CNY 15,100 in donations for flood relief efforts in Henan Province during the report period[158]. - The company engaged in five poverty alleviation projects, including a government procurement project for apple industry income security in Gansu Province[159].