天保基建(000965) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 2,540,236,605.58, representing a 210.06% increase compared to CNY 819,266,974.40 in 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 49,510,194.51, a 112.69% increase from CNY 95,293,448.83 in 2020[20]. - The net profit after deducting non-recurring gains and losses was CNY -61,852,374.35, a decrease of 166.30% compared to CNY 93,297,155.73 in 2020[20]. - The basic earnings per share for 2021 was CNY 0.0446, up 112.68% from CNY 0.0859 in 2020[20]. - The cash flow from operating activities for 2021 was CNY 1,005,679,281.66, a 189.77% increase compared to CNY 1,109,287,590.53 in 2020[20]. - The company reported a net cash flow from operating activities of CNY 588,748,121.22 in the fourth quarter, indicating improved cash generation capabilities[25]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year increase of 15% compared to 2020[122]. - The company reported a net profit margin of 12% for 2021, an improvement from 10% in 2020[122]. Assets and Liabilities - Total assets at the end of 2021 were CNY 12,849,548,125.89, an increase of 15.13% from CNY 11,160,717,900.30 at the end of 2020[21]. - The net assets attributable to shareholders at the end of 2021 were CNY 5,426,429,461.77, a decrease of 12.58% from CNY 6,207,063,367.26 at the end of 2020[21]. - The total financing balance at the end of the period was approximately 2.96 billion yuan, with a bank loan balance of 568.18 million yuan at an interest rate of 5.98%[45]. - Inventory increased to CNY 9,950,211,864.01, representing 77.44% of total assets, up from 72.44% in 2020, driven by the addition of the Jiuru Pinzhu project[82]. - The proportion of contract liabilities rose to 10.74% of total assets, up from 3.99% in the previous year, reflecting an increase in advance payments for housing sales[83]. Sales and Contracts - The company recorded a total of CNY 34.76 billion in new sales contracts for the year, setting a historical record for the company[37]. - The Tianbao Jinhai Coast project achieved sales of CNY 21.23 billion, leading in both sales amount and area in the Binhai New Area[37]. - Real estate sales accounted for ¥2.23 billion, which is 87.66% of total revenue, with a year-on-year growth of 209.39%[65]. - The total area of new sales reached 163,700 square meters in 2021, demonstrating the company's resilience in a challenging market environment[37]. Operational Strategy - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company aims to enhance residential project sales, focusing on the full clearance of Tiancheng Huajing and Yijing Yaju projects, and making significant progress in sales of Jiuru Pinzhu and Tianduo Phase II projects[46]. - The company plans to improve commercial leasing operations by leveraging high-quality client resources and enhancing brand effects through strategic partnerships[46]. - The company is focused on maintaining revenue stability and accelerating key project construction amid tightening real estate financing policies[36]. - The company aims to achieve sustainable development and risk resistance through a diversified business structure, including real estate development, infrastructure construction, and property management[104]. Governance and Compliance - The company has established a robust corporate governance structure to ensure effective decision-making and oversight[115]. - The company held a total of 29 meetings during the reporting period, including 6 shareholder meetings and 19 board meetings, ensuring compliance with governance standards[116]. - The company maintains complete independence from its controlling shareholder in terms of business, assets, personnel, and finance, with no instances of fund misappropriation reported[118]. - The company has established an independent financial management system and accounting framework, ensuring autonomous tax compliance[118]. - The company has committed to enhancing its governance level as part of its long-term strategy[116]. Employee and Management - The total number of employees at the end of the reporting period was 113, with 46 technical personnel and 18 sales personnel[145]. - The company maintained a salary policy focused on fairness, competitiveness, and incentivization to enhance employee motivation and corporate performance[146]. - The total remuneration for the board of directors, supervisors, and senior management during the reporting period amounted to CNY 4.143 million[134]. - The company has a performance evaluation system in place for determining the remuneration of senior management based on annual operational targets[132]. Market Outlook - The company provided a future outlook, projecting a revenue growth of 20% for 2022, driven by new product launches and market expansion strategies[124]. - The real estate market is expected to show a stable upward trend in competitive cities, while differentiation among city clusters will become more pronounced due to various factors[103]. - The company recognizes policy risks related to land and financing, and will adjust strategies dynamically to align with national policies[107]. Environmental and Community Engagement - The company strictly adheres to environmental protection regulations and has not faced any administrative penalties for environmental issues during the reporting period[158]. - The company actively participated in community governance and pandemic prevention, successfully completing a five-month review for urban civilization and health[162].