中钢国际(000928) - 2021 Q4 - 年度财报

Financial Performance - The company achieved operating revenue of CNY 15.86 billion in 2021, representing a year-on-year increase of 6.98%[25]. - The net profit attributable to shareholders was CNY 648.90 million, up 7.79% from the previous year[25]. - The net profit after deducting non-recurring gains and losses decreased by 43.73% to CNY 331.13 million[25]. - The net cash flow from operating activities was CNY 603.62 million, a decline of 60.57% compared to the previous year[25]. - The total assets at the end of 2021 reached CNY 24.29 billion, an increase of 23.23% year-on-year[25]. - The net assets attributable to shareholders increased by 9.55% to CNY 6.18 billion[25]. - The company reported a basic earnings per share of CNY 0.5138, reflecting a growth of 7.27%[25]. - In 2021, the company achieved a total revenue of ¥15.86 billion, representing a year-on-year growth of 6.98%[59]. - The net profit attributable to shareholders reached ¥649 million, reflecting a year-on-year growth of 7.79%[59]. - The gross profit margin for engineering contracting was 7.39%, down by 2.99% from the previous year[63]. Dividend Distribution - The company reported a profit distribution plan to distribute a cash dividend of 1.52 CNY per 10 shares, based on a total of 1,280,919,103 shares[5]. - The cash dividend distribution policy requires a minimum of 20% cash dividend in profit distribution for companies in a growth stage with significant capital expenditure plans[192]. - The company reported a cash dividend of CNY 194,669,901.94, representing 100% of the distributable profit of CNY 225,105,143.00[192]. - The cash dividend per 10 shares is CNY 1.52, with no bonus shares distributed[192]. Business Operations - The company operates in the civil engineering and construction industry, which is characterized by high accounts payable and receivable, potentially leading to short-term liquidity pressures[5]. - The company has ongoing overseas projects that may be affected by the COVID-19 pandemic and international political and economic conditions[5]. - The company has not reported any changes in its main business operations or major shareholders during the reporting period[23]. - The company operates in the civil engineering and construction industry, focusing on industrial engineering and technology services primarily for the steel industry[39]. - The company signed new contracts totaling 27.672 billion yuan in 2021, with existing projects progressing steadily[41]. - The company is expanding its international operations, signing key projects in Algeria, Indonesia, and Iran despite the challenges posed by the pandemic[42]. - The company has 42 ongoing overseas projects, with confirmed revenue of ¥16.992 billion as of the end of 2021[69]. Research and Development - R&D expenses reached 274 million yuan in 2021, representing a year-on-year increase of 21.43%[45]. - The company has filed 29 patents, bringing the total number of valid patents to 286[45]. - The company is actively promoting low-carbon metallurgy technology and has participated in several key projects, including hydrogen energy development and utilization[47]. - The company is developing intelligent control technology for the belt roasting process, aiming to improve production efficiency and reduce energy consumption[79]. - Research on hydrogen-based direct reduction refractory materials is underway, with potential applications in hydrogen-based vertical furnace projects[79]. - The new hydrogen-rich carbon cycle blast furnace technology aims to enhance iron production efficiency and reduce CO2 emissions[79]. - The company is exploring low-pressure vertical furnace designs to promote hydrogen-based direct reduction technology in the metallurgical market[79]. - R&D investment amounted to ¥273,945,410.65 in 2021, an increase of 21.43% from ¥225,596,596.10 in 2020, representing 1.73% of total revenue[86]. Governance and Compliance - The company is committed to ensuring the accuracy and completeness of its financial reports, with all board members present for the report's approval[5]. - The company has engaged Da Hua Certified Public Accountants for auditing services during the reporting period[24]. - The company has established and continuously improved its corporate governance system, ensuring compliance with relevant laws and regulations[138]. - The company operates independently with a complete management system, assets, personnel, and capabilities, without reliance on the controlling shareholder[139]. - The company has a dedicated financial department and accounting system, capable of making independent financial decisions[140]. - The company has held multiple shareholder meetings throughout the reporting period, including five temporary shareholder meetings and one annual meeting[143]. - The company has not experienced any insider trading violations or regulatory actions against its directors or senior management[138]. - The company has provided training for its directors and senior management to ensure compliance with relevant laws and regulations[138]. Market Strategy and Expansion - The company aims to enhance its capabilities in carbon asset management and consulting, contributing to the steel industry's carbon neutrality goals[83]. - The company is focused on improving investor relations and information disclosure to protect shareholder rights and enhance capital market communication[124]. - The company plans to optimize its business structure through professional mergers and acquisitions to increase capital market value and shareholder returns[124]. - The company is focused on market expansion and technological innovation in its engineering projects[166]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[161]. - The company is prioritizing sustainability initiatives in its operations, aligning with global trends towards environmental responsibility[158]. Financial Management - The company has implemented a comprehensive internal control management system focusing on risk prevention capabilities[194]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 14.2583 million yuan[169]. - The company’s chairman, Lu Pengcheng, received a total pre-tax remuneration of 22,000 yuan[169]. - The total pre-tax remuneration for the general manager, Jian, was 1.5606 million yuan[169]. - The company’s vice general manager, Tang, received 1.2898 million yuan in remuneration[169]. - The company’s vice general manager, Jia, received 1.2427 million yuan in remuneration[169]. - The company’s vice general manager, Dong, received 1.4017 million yuan in remuneration[169]. - The company’s risk control director, Wang Hongyu, received 1.1295 million yuan in remuneration[169]. Challenges and Risks - The company emphasizes the importance of investor awareness regarding potential risks associated with forward-looking statements[5]. - The company is enhancing risk management capabilities to mitigate operational and cash flow risks associated with overseas projects[124]. - The company has not experienced any major changes in the feasibility of its projects during the reporting period[112]. - The company has not engaged in any substantial related-party transactions that could compromise its independence[139].