CHINA WUYI(SZ:000797)2022-04-08 16:00Financial Performance - The company's operating revenue for 2021 was ¥8,666,738,972.06, representing a 48.92% increase compared to ¥5,819,649,302.68 in 2020[6]. - The net profit attributable to shareholders for 2021 was ¥53,614,123.21, a decrease of 81.29% from ¥286,574,626.29 in 2020[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥30,866,241.14, down 89.06% from ¥282,258,137.48 in 2020[6]. - The net cash flow from operating activities was ¥755,405,498.84, a decline of 55.91% compared to ¥1,713,304,748.90 in 2020[6]. - The total assets at the end of 2021 were ¥21,245,850,096.80, a decrease of 9.03% from ¥23,353,697,870.42 at the end of 2020[6]. - The net assets attributable to shareholders at the end of 2021 were ¥5,152,291,816.59, down 3.73% from ¥5,351,961,053.52 at the end of 2020[6]. - The basic earnings per share for 2021 was ¥0.0341, an 80.24% decrease from ¥0.1726 in 2020[6]. - The diluted earnings per share for 2021 was also ¥0.0341, down 80.19% from ¥0.1721 in 2020[6]. - The weighted average return on equity for 2021 was 1.01%, a decrease of 4.16% from 5.17% in 2020[6]. - The company reported a significant decline in new contracts in the international engineering contracting sector, with a 7.1% decrease in operating revenue to ¥9,996.2 billion in 2021[34]. Dividend and Profit Distribution - The profit distribution plan approved by the board is to distribute a cash dividend of RMB 0.10 per 10 shares (including tax) based on a total share capital of 1,570,754,217 shares as of December 31, 2021[6]. - The proposed cash dividend for 2021 is 0.10 CNY per 10 shares, amounting to 15,707,542.17 CNY, with a total share capital of 1,570,754,217 shares as of December 31, 2021[162]. - The company's audited net profit attributable to shareholders for 2021 was 53,614,123.21 CNY, with available distributable profits at year-end amounting to 1,272,112,263.31 CNY[161]. - The company has a cash dividend policy that is compliant with its articles of association and has been transparently executed, with 100% of the profit distribution allocated to cash dividends[161]. Business Operations and Strategy - The company is focused on future development strategies, although specific forward-looking statements do not constitute substantial commitments to investors[6]. - The company has a diversified business model, including international engineering contracting, real estate development, and property services, contributing to its stable growth[40]. - The company plans to focus on "real estate +" and "EPC +" strategies to enhance its competitive edge and achieve high-quality development[58]. - The company aims to achieve a revenue of 6 billion CNY in 2022, with a planned investment of 4.2 billion CNY in the real estate sector[112]. - The international engineering contracting business targets new contracts worth 2.4 billion CNY and aims to complete a construction output value of 2.04 billion CNY[112]. - The real estate development plan includes a new construction area of 642,700 square meters and a completion area of 454,300 square meters, with a pre-sale (sales) area of 185,300 square meters[112]. - The company is exploring new business models, including EPC and EPC+F project management, to enhance its international business capabilities[113]. Risk Management and Compliance - The company emphasizes risk management and internal control improvements to ensure sustainable and healthy development[120]. - The company faces macroeconomic risks, including demand contraction and supply shocks, and aims to leverage its strengths to explore new opportunities[124]. - The real estate policy risks may negatively impact sales and financing, prompting the company to focus on sustainable development strategies[124]. - The company will enhance project management and risk assessment in international engineering to mitigate political and exchange rate risks[125]. - The company emphasizes strengthening financial supervision and budget control to ensure annual budget goals are met[121]. Corporate Governance and Management - The company emphasizes the importance of corporate governance and compliance in its operations[138]. - The management team includes experienced professionals with backgrounds in finance, engineering, and corporate governance[138]. - The company is committed to maintaining a stable leadership structure following the recent board elections[136]. - The total number of shares held by the management team at the end of the reporting period was 1,062,728 shares, with a decrease of 185,047 shares during the period[136]. - The company has a diverse board with independent directors holding various positions in other organizations[146]. - The company emphasizes compliance and governance through its board structure and remuneration policies[146]. Employee and Training Development - The total number of employees at the end of the reporting period is 8,106, including 520 from the parent company and 7,586 from major subsidiaries[156]. - The company has implemented a performance-based salary system that closely links employee income with the unit's economic benefits[158]. - The training system includes pre-job training, overseas business training, and continuing education, promoting a comprehensive and multi-level training approach[159]. Social Responsibility and Community Engagement - The company received a "Leading Corporate Social Responsibility Enterprise" rating in 2021 from the China International Contractors Association[179]. - The company invested 27,700 yuan in consumption poverty alleviation and actively participated in rural revitalization efforts[180]. - The company donated 100,000 yuan to support the successful hosting of the 11th Sports Games in Nanan City[180]. Financial Position and Assets - The total assets of the company amounted to 21.246 billion RMB, a decline of 9.03% from the previous year[62]. - The total investment amount for the reporting period was ¥49,300,000.00, a significant decrease of 70.30% compared to ¥166,000,000.00 in the previous year[95]. - The company has significant overseas assets, with the Kenya branch holding assets worth ¥1,001,968,944.26, representing 4.72% of the company's net assets[91]. Subsidiaries and Investments - The company established three new subsidiaries during the reporting period: Fuzhou Wuyi Wanrong Property Service Co., Ltd., Beijing Wuyi Rongyu Property Service Co., Ltd., and Fuding Wuyi Real Estate Development Co., Ltd.[186]. - The company holds a 70% stake in Beijing Wuyi Real Estate, which is primarily developing the Beijing Wuyi Garden South District project[107]. - The total revenue from major subsidiaries includes CNY 844.29 million from Beijing Wuyi Real Estate and CNY 1.27 billion from Nanping Zhaoheng Wuyi Real Estate[106].