铁岭新城(000809) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was approximately ¥114.26 million, a decrease of 32.92% compared to ¥188.28 million in 2020[19]. - The net loss attributable to shareholders was approximately ¥141.60 million, representing a decline of 135.13% from a loss of ¥60.22 million in the previous year[19]. - The basic and diluted earnings per share were both -¥0.172, a decrease of 135.62% compared to -¥0.073 in 2020[19]. - The weighted average return on equity was -4.74%, down from -1.95% in 2020[19]. - The company's total assets at the end of 2021 were approximately ¥58.52 million, a decrease of 70.49% from ¥198.33 million at the end of 2020[19]. - Total assets decreased by 3.50% to CNY 4,566,716,055 in 2021 from CNY 4,406,677,687 in 2020[20]. - In 2021, the company's total revenue was approximately ¥114.26 million, a decrease of 32.92% compared to ¥170.33 million in 2020[48]. - The company reported a net loss of ¥141,596,460.49 in 2021, compared to a loss of ¥60,220,455.20 in 2020, marking a continuous loss for three consecutive years[145]. Revenue Breakdown - Operating revenue for 2021 was CNY 114,256,648.97, down from CNY 170,326,623.48 in 2020, reflecting a significant decline[21]. - Revenue from land development increased by 44.01% to ¥94.28 million, accounting for 82.52% of total revenue[48]. - Water supply revenue rose by 45.34% to ¥12.55 million, representing 10.98% of total revenue[48]. - Wastewater treatment revenue decreased by 56.55% to ¥2.34 million, contributing 2.05% to total revenue[48]. Operational Changes - The company has not changed its main business since its restructuring and listing in 2011[18]. - The company operates primarily in land development and urban infrastructure, with land development being its main business focus[31]. - The company has implemented changes in its water supply and sewage treatment business models, including a shift to a distribution plant and entrusted operation for sewage treatment[33]. - The company has developed and organized 18.3 square kilometers of land, with a total planned investment of CNY 730.83 million in the land development project[34]. Cash Flow and Financial Management - The company reported a net cash flow from operating activities of CNY 84,254,083.77 in Q4 2021, indicating a recovery in cash generation[25]. - Operating cash inflow decreased by 62.47% to ¥138,815,025.13 compared to the previous year[62]. - Operating cash outflow decreased by 53.19% to ¥80,294,660.19 compared to the previous year[62]. - The net cash flow from operating activities dropped by 70.49% to ¥58,520,364.94 compared to the previous year[62]. - Cash and cash equivalents decreased by 110.55% to -¥6,166,628.78 compared to the previous year[62]. Governance and Compliance - The company has established a sound corporate governance structure, ensuring clear responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[136]. - The company emphasizes the importance of transparent information disclosure, ensuring all shareholders can access information fairly[92]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance[95]. - The company has a robust governance structure that aligns with the regulations set by the China Securities Regulatory Commission[93]. - The company held one shareholders' meeting during the reporting period, ensuring compliance with legal requirements and protecting minority shareholders' rights[90]. Risk Factors and Future Outlook - The company has disclosed potential risk factors that may adversely affect its future development strategies and operational goals[5]. - The company recognizes potential risks from macroeconomic policies and market supply-demand imbalances in the real estate sector[85][86]. - The real estate market in Tieling is expected to maintain stable development in 2022 due to the relaxation of regulatory policies[30]. - The company expects the real estate market demand in the new urban area to gradually recover as macro-control policies loosen and the pandemic is effectively controlled[32]. Employee and Management Structure - The total number of employees at the end of the reporting period is 148, with 10 from the parent company and 138 from major subsidiaries[118]. - The company has established a salary policy that emphasizes fairness, competitiveness, and legality, determining salary standards based on contribution, ability, and responsibility[119]. - The company has been expanding its management team with experienced professionals from various sectors[106]. - The company’s management team has a diverse educational background, including degrees in economics and management[102]. Subsidiaries and Investments - The company established a new subsidiary, Tieling Xincheng New Energy Co., Ltd., which is in the preparatory stage and has no impact on overall operations and performance[75]. - The company included six subsidiaries in its consolidated financial statements for the year, with the establishment of a new subsidiary, Tieling Xincheng New Energy Co., Ltd., on August 26, 2021[161]. Audit and Financial Reporting - The company has engaged Zhongxinghua Accounting Firm for auditing, which issued an unqualified opinion with a paragraph on going concern uncertainty[5]. - The audit report issued by Zhongxinghua CPA included a paragraph on significant uncertainties related to the company's ability to continue as a going concern[145]. - The internal control audit report was issued with a standard unqualified opinion, consistent with the self-evaluation report[129].