DGKG(SZ:000828)2022-04-21 16:00Financial Performance - The company's operating revenue for 2021 was CNY 5,320,955,051.41, representing a 323.50% increase compared to the previous year[23]. - The net profit attributable to shareholders for 2021 was CNY 929,628,659.98, reflecting a 1.87% increase from the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 896,830,490.70, which is a 3.54% increase year-over-year[23]. - The net cash flow from operating activities for 2021 was CNY 1,319,035,472.97, showing a decrease of 53.86% compared to the previous year[23]. - The total assets at the end of 2021 amounted to CNY 16,664,997,917.33, an increase of 19.10% from the previous year[23]. - The net assets attributable to shareholders at the end of 2021 were CNY 8,482,993,051.05, which is an 8.95% increase year-over-year[23]. - The company achieved an operating revenue of 5.321 billion yuan, a year-on-year increase of 323.50%, and a net profit attributable to shareholders of 930 million yuan, up 1.87%[44]. - The toll revenue from the Dongguan-Shenzhen Expressway reached 1.271 billion yuan, reflecting a year-on-year growth of 28.39%[57]. - The construction service revenue from the PPP project amounted to 3.845 billion yuan, accounting for 72.27% of total revenue[69]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of 2.7 RMB per 10 shares to all shareholders, based on a total of 1,039,516,992 shares[6]. - The company implemented a cash dividend policy, distributing 2.7 yuan per 10 shares, totaling 280,669,587.84 yuan, which represents 100% of the distributable profit[166]. - The company's net profit for the year was 1,080,500,736.30 yuan, with a legal surplus reserve of 108,050,073.63 yuan deducted from it[166]. - The company has committed to distributing at least 30% of the average distributable profit over the three years (2021-2023) in cash dividends[191]. - The company will prioritize cash dividends, aiming for a minimum of 80% of the profit distribution in cash if in a mature stage without major capital expenditures[191]. Corporate Governance and Management - The company has established a relatively complete corporate governance structure, with only the "related party transaction management system" needing further improvement[175]. - The company completed the reappointment of the board of directors and senior management on February 8, 2022[147]. - The total pre-tax remuneration for directors, supervisors, and senior management in 2021 amounted to 6.26 million CNY[148]. - The independent directors received an annual allowance of 80,000 CNY per person[147]. - The company has not faced any penalties from securities regulatory authorities in the past three years[146]. - The company has established a management system for related transactions to ensure transparency and fairness in dealings with its controlling shareholder[191]. - The company has engaged Da Hua Accounting Firm for auditing services, with a fee of 400,000 RMB for the year[196]. Business Strategy and Market Focus - The company plans to deepen its focus on the Dongguan and Guangdong-Hong Kong-Macau Greater Bay Area during the 14th Five-Year Plan period, aiming to integrate urban public services and financial services[36]. - The company aims to become a benchmark in China's transportation infrastructure industry and a professional brand in financial investment[36]. - The company is actively working on the expansion of the Dongguan-Shenzhen highway and plans to apply for an extension of the toll period for up to 25 years[46]. - The company is developing a comprehensive business layout that integrates transportation infrastructure, new energy, and financial investment[108]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2025[143]. Risk Management - The company emphasizes that forward-looking statements regarding future plans are subject to significant uncertainty and depend on various market conditions[6]. - The company has maintained its commitment to risk management and has outlined potential risks and countermeasures in the management discussion section[6]. - The company faces risks related to highway toll policies, which are subject to government adjustments, potentially impacting its operational rights[113]. - The company is addressing risks in its PPP (Public-Private Partnership) projects, particularly in the construction and financing of the Metro Line 1, which is sensitive to macroeconomic conditions[113]. - The company will continue to implement risk control mechanisms to manage project credit risks effectively[113]. Employee and Social Responsibility - The total number of employees at the end of the reporting period was 878, with 746 in the parent company and 132 in major subsidiaries[156]. - The company has established a competitive and fair compensation system, enhancing employee motivation and creativity[159]. - The company participated in 20 volunteer service activities throughout the year, with a total of 322 participants, demonstrating its commitment to social responsibility[181]. - The company has implemented a dual protection system for employees, including corporate annuities and commercial insurance, enhancing employee welfare[182]. - The management team emphasized a commitment to sustainable development and green energy initiatives in future projects[143]. Legal Matters - The company is involved in a lawsuit regarding a contract dispute, with the plaintiff seeking to add the company as a co-defendant[200]. - The amount involved in the lawsuit is 0 million yuan, and it has not formed any expected liabilities[200]. - The court ruled that the contract in question was invalid and dismissed all claims made by the plaintiff[200]. - The plaintiff has appealed the decision, and the case is currently pending in the Guangdong Provincial High People's Court[200]. - The company does not anticipate any significant adverse impact on its operating results from this lawsuit[200].