苏宁环球(000718) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥2,993,844,726.31, a decrease of 32.23% compared to 2020[27]. - The net profit attributable to shareholders for 2021 was ¥628,269,231.99, down 40.68% from the previous year[27]. - The net profit after deducting non-recurring gains and losses was ¥602,641,529.55, a decline of 43.16% year-on-year[27]. - The total assets at the end of 2021 were ¥15,435,144,728.52, a decrease of 4.21% from the end of 2020[30]. - The net assets attributable to shareholders increased by 4.65% to ¥8,828,080,276.37 at the end of 2021[30]. - The company reported a weighted average return on equity of 7.18%, down from 12.50% in 2020[27]. - Total revenue for 2021 was approximately ¥2.99 billion, a decrease of 32.23% compared to ¥4.42 billion in 2020[66]. - Real estate sector contributed ¥2.59 billion, accounting for 86.64% of total revenue, with a year-on-year decline of 35.80%[66]. - The medical beauty segment saw revenue increase by 38.07% to ¥179.63 million, representing 6.00% of total revenue[66]. - Revenue from Nanjing was ¥1.96 billion, down 52.24% from ¥3.76 billion in 2020, making up 65.54% of total revenue[69]. - The gross margin for the real estate sector was 59.29%, with a decrease of 1.33% year-on-year[69]. - The total operating costs for the real estate sector were approximately ¥1.06 billion, down 36.93% from ¥1.50 billion in 2020[70]. Business Operations - The main business of the company has shifted to real estate development since December 2005, following a major asset restructuring[25]. - The company’s main business has evolved from paper production to real estate development since its listing[25]. - The company is focusing on the biopharmaceutical industry as a key direction for transformation, having acquired three medical beauty hospitals to expand its scale[65]. - The company plans to continue launching projects such as Binjiang Yayuan and Tianhua Silicon Valley Phase III to maintain strong profitability[63]. - The company has implemented effective measures for project management and resource integration, contributing to stable and healthy development across its business segments[59]. - The company has ongoing real estate projects with a total investment of 1,426,596,309.52 CNY, with expected returns of 2,500,000,000.00 CNY[91]. - The company has ongoing construction projects with a total actual investment of 784,911,030.00 CNY, with a completion rate of 80.00%[91]. - The company has a total of 100% equity in all listed projects, indicating full ownership and control over the developments[51]. Assets and Liabilities - The total assets at the end of 2021 were ¥15,435,144,728.52, a decrease of 4.21% from the end of 2020[30]. - The total inventory value is ¥9,923,035,697.37, which constitutes 64.29% of total assets[81]. - Long-term borrowings increased to ¥1,557,600,000.00, representing 10.09% of total liabilities, due to new loans from Ping An Bank[83]. - The company has a total of 2,270,346,781.73 CNY in restricted assets, including cash, inventory, investment properties, fixed assets, and intangible assets, all subject to various forms of collateral[87]. Cash Flow and Investments - The net cash flow from operating activities increased significantly by 253.85% to ¥376,841,266.23[27]. - Operating cash inflow totaled ¥3,030,589,118.92, a 15.77% increase compared to the previous year[78]. - The company reported a total investment of 337,000,000.00 CNY during the reporting period, representing an increase of 889.00% compared to the previous year's investment of 37,921,500.00 CNY[88]. - The company completed significant equity investments in two medical beauty companies, with investments of 94,000,000.00 CNY and 113,000,000.00 CNY, both achieving 100% ownership[88]. Governance and Compliance - The company ensures compliance with governance regulations, maintaining independence from its controlling shareholder in personnel, assets, finance, organization, and business[138]. - The company has established an independent financial management system, including a financial management center and internal control audit center[138]. - The board of directors and supervisory board operate in accordance with legal and regulatory requirements, ensuring effective governance[136]. - The company has not engaged in any non-operational fund occupation or illegal guarantees by its controlling shareholder during the reporting period[137]. - The internal control system has been established and effectively mitigated operational risks, ensuring compliance with relevant laws and regulations[180]. - The company reported no significant internal control deficiencies during the reporting period[181]. Employee and Remuneration - The total number of employees at the end of the reporting period was 1,063, with 1,066 employees receiving salaries during the period[171]. - The professional composition of employees includes 413 production personnel, 140 sales personnel, 207 technical personnel, 80 financial personnel, and 223 administrative personnel[173]. - The company has implemented a labor contract system for all employees, determining salary levels based on individual capabilities, job responsibilities, and market value[174]. - The total pre-tax remuneration for Zhang Guiping, Chairman and President, is 273.17 million CNY[155]. - The total pre-tax remuneration for Li Wei, Director and Vice President, is 105 million CNY[155]. Market and Economic Outlook - The real estate market faced significant fluctuations in 2021, with a total sales area of 1.794 billion square meters, a year-on-year increase of 1.9%[41]. - The new construction area in 2021 decreased by 11.4% year-on-year, marking the largest decline since 2016[41]. - The company aims for a GDP growth target of approximately 5.5% for 2022, with urban employment expected to exceed 11 million[121]. - The company will focus on project development and sales to ensure sufficient cash flow and performance support for future growth[123]. Environmental Compliance - The company has not faced any significant environmental violations or administrative penalties during the reporting period[194]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities[194].