HUCD(SZ:002208)2022-04-19 16:00Financial Performance - The company's operating revenue for 2021 was ¥7,557,295,686.94, representing a 41.01% increase compared to ¥5,359,282,219.05 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥876,920,607.18, a 14.24% increase from ¥767,603,235.02 in 2020[21]. - The net cash flow from operating activities was -¥2,605,343,515.45, a significant decrease of 3,522.88% compared to ¥76,115,603.38 in 2020[21]. - The total assets at the end of 2021 amounted to ¥22,557,331,291.60, reflecting a 20.88% increase from ¥18,661,302,716.97 at the end of 2020[21]. - The basic earnings per share for 2021 was ¥1.0917, up 5.04% from ¥1.0393 in 2020[21]. - The total operating revenue for 2021 was approximately CNY 7.56 billion, representing a year-on-year increase of 41.01% compared to CNY 5.36 billion in 2020[49]. - The real estate sector accounted for 99.55% of total operating revenue, with sales and leasing of real estate generating CNY 7.52 billion, up 40.80% from the previous year[49]. - The company reported a net profit of CNY 265,609,390.11 for the year 2021, with a total attributable net profit of CNY 876,920,607.18[121]. - The total distributable profit at the end of 2021 was CNY 922,811,414.60, after accounting for statutory surplus reserves and cash dividends paid[121]. Dividend Distribution - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares (including tax) based on a total of 803,291,894 shares[6]. - The company plans to distribute a cash dividend of CNY 1.00 per share (including tax), totaling CNY 80,329,189.40, based on a total share capital of 803,291,894 shares[121]. - The company maintained a cash dividend payout ratio of 100% of the total profit distribution[121]. Market and Regulatory Environment - The company acknowledges potential management risks due to the expansion of its operational scale and the increase in off-site projects[6]. - The company is aware of the impact of national property tax reforms and local purchase restrictions on sales expectations and gross margins[6]. - The company faces uncertainties in project development due to urban construction, planning adjustments, and fluctuations in building material prices[6]. - The company faced significant regulatory changes in Hefei, impacting its real estate operations and market strategies[30]. - The company expects stable development in the real estate market in 2022, with no relaxation in regulatory policies[35]. Project Development and Sales - The company has ongoing projects with a total planned construction area of 1.1 million square meters, with various stages of development across different locations[37]. - The company has acquired new land parcels, including a residential project in the New Station District with a total land price of 896.87 million CNY[36]. - The total sales area for the project "琥珀御宾府" in Hefei reached 267,971.20 square meters, with a sales amount of 247,431,000 CNY[39]. - The project "琥珀东华府" recorded a sales area of 198,314.49 square meters and a sales amount of 187,300,000 CNY[39]. - The project "琥珀晴川里" achieved a sales area of 54,978.62 square meters, generating a sales amount of 131,239,000 CNY[39]. - The cumulative leased area for "合肥智慧产业园" is 12,252.00 square meters, with an average occupancy rate of 5.20%[41]. - The project "合肥高新智谷" has a total area of 230,947.00 square meters, with a sales area of 23,287.60 square meters[41]. Financial Management and Strategy - The company has a financing balance of approximately CNY 3.54 billion, with bank loans constituting CNY 2.24 billion at an interest rate range of 4.275%-6.05%[43]. - The company is focusing on urban renewal and property service brand development, aiming for high-quality transformation during the 14th Five-Year Plan period[43]. - The company has provided guarantees for mortgage loans amounting to approximately CNY 4.21 billion for homebuyers[44]. - The company is committed to enhancing its management team, which has extensive experience in the real estate industry, ensuring effective and strategic decision-making[46]. - The company has a structured governance framework with a clear delineation of roles among its board members and management[92]. Corporate Governance - The governance structure of the company complies with relevant laws and regulations, ensuring transparency and accountability[89]. - The company has established a clear information disclosure system to ensure timely and accurate communication with investors[88]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations, with no instances of fund or asset occupation by the controlling shareholder since its listing[90]. - The company’s board of directors and supervisory board operate independently, ensuring no direct or indirect interference from the controlling shareholder[90]. - The company has received significant financial support from its controlling shareholder since its listing, without any adverse financial impacts[90]. Employee Management - The total number of employees at the end of the reporting period was 571, with 224 technical personnel and 373 employees holding a bachelor's degree or above[117]. - The company emphasizes internal equity and external competitiveness in its salary policy to attract and retain talent[118]. - The company has a training plan aimed at enhancing the skills and management capabilities of its employees across various levels[120]. - The company did not implement any stock incentive plans or employee stock ownership plans during the reporting period[123]. Social Responsibility - The company actively responded to national environmental protection initiatives and did not face any administrative penalties for environmental issues during the reporting period[134]. - The company has undertaken social responsibility activities, including support for low-income families and community pandemic prevention efforts[135]. - The company is committed to supporting rural revitalization, specifically aiding Yangwan Village, a former key poverty-stricken area[136]. Shareholder Structure - The largest shareholder, Hefei Xingtai Financial Holdings Group Co., Ltd., holds 36.92% of the shares, totaling 296,557,056 shares[186]. - Hefei Industrial Investment Holding Co., Ltd. is the second-largest shareholder with a 22.43% stake, amounting to 180,144,103 shares[186]. - The total number of ordinary shareholders at the end of the reporting period was 46,216, a decrease from 52,754 at the end of the previous month[186]. - The company has a diverse shareholder base, including both state-owned and private investors[187]. Audit and Compliance - The company reported a standard unqualified audit opinion for the financial statements as of December 31, 2021, indicating fair representation of its financial condition[200]. - The internal control audit report issued a standard unqualified opinion, confirming effective financial reporting internal controls[131]. - There were no significant deficiencies identified in the internal control during the reporting period[127].