GLODON(SZ:002410)2022-03-28 16:00Dividend Policy - The company plans to distribute a cash dividend of 3 RMB per 10 shares to all shareholders, based on the total share capital on the record date for the profit distribution plan in 2022[2]. - The company implemented a cash dividend policy, distributing a cash dividend of 3.00 CNY per 10 shares for the 2021 fiscal year, totaling 357,090,405.90 CNY[124]. - The cash dividend for 2020 was 2.50 CNY per 10 shares, amounting to 296,552,248.00 CNY, which represented 89.76% of the net profit attributable to ordinary shareholders[125]. - In 2019, the cash dividend was 1.00 CNY per 10 shares, totaling 113,047,717.60 CNY, which accounted for 48.09% of the net profit attributable to ordinary shareholders[126]. - The total cash dividend (including other methods) for 2021 was 1,401,564,257.64 CNY, representing 212.05% of the net profit attributable to ordinary shareholders[126]. - The company has established a differentiated cash dividend policy to ensure sustainable returns to investors while considering the company's development needs[122]. - The cash dividend amount for 2021 was based on a total share capital of 1,190,301,353 shares as of March 25, 2022, excluding repurchased but not canceled shares[127]. - The company has a three-year shareholder dividend return plan for 2019-2021, aiming to enhance the dividend mechanism and protect minority shareholders' rights[122]. - The company has not proposed a cash dividend distribution plan for the current reporting period, despite having positive distributable profits[126]. - The independent directors fulfilled their responsibilities in the decision-making process regarding the cash dividend policy, ensuring compliance with regulations[123]. - The company has not made any adjustments to the cash dividend policy during the reporting period[123]. Financial Performance - The company's operating revenue for 2021 was ¥5,562,216,443.14, representing a 40.92% increase compared to ¥3,947,083,029.86 in 2020[11]. - The net profit attributable to shareholders for 2021 was ¥660,974,286.88, a 100.06% increase from ¥330,388,350.03 in 2020[11]. - The net profit after deducting non-recurring gains and losses for 2021 was ¥651,128,119.78, up 115.93% from ¥301,547,467.71 in 2020[11]. - The basic earnings per share for 2021 was ¥0.5636, a 96.58% increase from ¥0.2867 in 2020[11]. - The total assets at the end of 2021 were ¥10,067,626,141.36, reflecting a 5.45% increase from ¥9,547,097,154.33 at the end of 2020[11]. - The net assets attributable to shareholders decreased by 9.60% to ¥5,787,737,027.21 at the end of 2021 from ¥6,402,241,169.54 at the end of 2020[11]. - The company reported a net cash flow from operating activities of ¥1,601,350,833.93, down 14.65% from ¥1,876,130,837.67 in 2020[11]. - In 2021, the company achieved total revenue of 5.619 billion yuan, a year-on-year increase of 40.32%[27]. - The net profit attributable to shareholders reached 661 million yuan, reflecting a year-on-year growth of 100.06%[27]. - The company's R&D investment amounted to 1.626 billion yuan, accounting for 29.23% of total revenue[28]. - The digital cost management business generated revenue of 3.813 billion yuan, up 36.64% year-on-year[31]. - The cloud revenue from digital cost management was 2.561 billion yuan, representing a 57.91% increase compared to the previous year[32]. - The company signed cloud contracts worth 3.1 billion yuan, a year-on-year increase of 38.77%[31]. - The balance of cloud contract liabilities at the end of the reporting period reached 2.047 billion yuan, an increase of 537 million yuan compared to the beginning of the year[31]. - The company reported a significant increase in labor costs, rising by 272.40% to ¥151,779,770.22, which now constitutes 17.00% of the total operating costs[51]. - The total cash inflow from operating activities was ¥6,651,730,939.31, reflecting a 24.12% increase from the previous year[63]. - The company reported a net cash outflow from investment activities of ¥1,541,382,490.06, an increase of 121.30% compared to the previous year[64]. - The cash and cash equivalents net increase decreased by 130.62% year-on-year[64]. Strategic Planning and Development - The company is currently under the eighth three-year strategic plan, which spans from 2020 to 2022, and is preparing for the ninth three-year strategic plan from 2023 to 2025[4]. - The company emphasizes the importance of risk awareness regarding forward-looking statements related to future development plans and operational goals[2]. - The company has established a clear strategic goal to become a global leader in digital construction platform services, aiming to reduce costs and carbon emissions while ensuring quality and safety[22]. - The company aims to become a "global leading digital building platform service provider" and will focus on deep integration with the construction industry to meet customer needs[87]. - The company is committed to digital transformation and will establish a customer success and business success indicator system to optimize marketing and service processes[89]. - The company plans to leverage new technologies such as prefabricated construction and building robots to promote intelligent construction and green building practices[17]. - The company is investing 200 million RMB in research and development for innovative technologies in the construction sector over the next two years[101]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next three years[103]. - A strategic acquisition of a local software firm is anticipated to enhance the company's technological capabilities and broaden its service offerings[102]. - The company is exploring potential acquisitions in the smart building sector to enhance its service offerings[107]. Research and Development - The company reported a total R&D investment of 1.626 billion yuan, accounting for 29.23% of revenue, with a year-on-year growth of 21.41%[23]. - The digital construction business is a key growth area, focusing on project management solutions, with low market penetration[22]. - The digital cost business is a mature segment, primarily offering SaaS products and services to construction project participants[22]. - The innovation business unit focuses on supporting the transformation of the construction industry through various dimensions, including project management and talent development[22]. - The company has made significant investments in key technology areas such as AI, cloud computing, and IoT to maintain its competitive edge[24]. - The company has a strong talent development strategy, focusing on nurturing leadership and technical expertise within its workforce[25]. - The company is developing a new BIM design product suite to meet market demands, with some products already in the prototype design phase[58]. - The company has launched a new incentive plan for 2021 to maintain the stability and motivation of core talent[26]. - The number of R&D personnel increased to 3,933 in 2021, a growth of 19.58% compared to 2020[59]. - R&D investment amounted to ¥1,626,065,645.69 in 2021, representing a 21.41% increase from ¥1,339,352,933.26 in 2020[59]. - R&D investment as a percentage of operating revenue decreased to 29.23% in 2021 from 33.93% in 2020, a decline of 4.70%[59]. Market Expansion and Customer Engagement - The company emphasizes a customer-centric approach in its R&D, product, and sales service models to enhance customer value and experience[24]. - The company has established strategic partnerships in Southeast Asia, including collaborations with JTC in Singapore and N3C in Malaysia for digital transformation solutions[39]. - The digital project integration management platform project has an investment of ¥337,779,828.11 and is currently under development[61]. - The company launched a digital infrastructure solution in June 2021, addressing remote management challenges in infrastructure projects[36]. - The "Square Network" B2B platform established a supplier database of 300,000 suppliers, facilitating 30,000 procurement requests[38]. - The project-level BIM+Smart Construction series products helped clients save approximately 3% on material costs through digital management[34]. - The company’s digital supply chain financial services have supported over 300 construction units, enhancing efficiency in the construction industry[38]. - The digital design unit introduced the new BIMSpace 2022 version, improving design efficiency and quality in construction projects[37]. - The company has implemented cost-cutting measures that are projected to save approximately 50 million yuan annually[107]. Governance and Compliance - The company emphasizes the importance of employee engagement and creativity through a compensation system that includes both base and dynamic excess packages[119]. - The company has established an independent personnel management system, with employee compensation strictly separated from other enterprises controlled by shareholders[95]. - The financial department operates independently, adhering to accounting standards and maintaining separate bank accounts, allowing the company to make independent financial decisions[95]. - The company held its 2020 Annual General Meeting with a participation rate of 59.89% on April 26, 2021, and the 2021 First Extraordinary General Meeting with a participation rate of 61.82% on September 17, 2021[96]. - The company’s board of directors and senior management have not experienced any resignations or dismissals during the reporting period[98]. - The total number of shares held by the chairman, Diao Zhizhong, is 1,900,648,845, with no changes during the reporting period[97]. - The company’s senior vice president, Wang Aihua, increased her shareholding to 4,987,739 shares due to stock incentive grants[98]. - The company’s financial independence is supported by a complete accounting system and independent tax obligations[95]. - The company has a fully independent business operation capability, including procurement, production, and marketing systems[95]. - The board of directors emphasized a commitment to sustainability and digital transformation as key components of the company's long-term strategy[101]. - The company has established a risk map to align audit plans with identified risk points, enhancing overall governance[139]. - The company reported zero significant deficiencies in financial reporting controls and zero significant deficiencies in non-financial reporting controls for the reporting period[144]. - The company has established quantitative standards for evaluating internal control deficiencies, with a threshold of 3% of operating revenue for general deficiencies and 5% for major deficiencies[144]. Shareholder Structure and Equity Incentives - The total number of ordinary shareholders at the end of the reporting period was 33,460[180]. - The largest shareholder, Diao Zhizhong, holds 15.98% of the shares, totaling 190,064,845 shares[183]. - Hong Kong Central Clearing Limited holds 11.05% of the shares, totaling 131,378,229 shares, with an increase of 5,334,319 shares during the reporting period[183]. - The company has not reported any significant differences between transaction prices and market reference prices[161]. - The company has implemented a stock option and restricted stock incentive plan to enhance employee motivation and retention[176]. - The company granted 5,440,900 restricted stocks to 345 individuals at a price of 30.48 CNY per share on November 3, 2021[134]. - The stock option and restricted stock incentive plan incurred an expense of 146.19 million yuan, impacting net profit by 20.27%[138]. - The company plans to unlock 40% of the restricted shares after 12 months, 30% after 24 months, and 30% after 36 months for the equity incentive objects[176]. - The total number of restricted shares held by other incentive objects is 7,051,900 shares after adjustments[176]. - The company completed the cancellation of 128,940 stock options on November 30, 2021[131]. - A total of 778,000 restricted stocks were granted to 5 incentive objects under the 2020 stock option and restricted stock incentive plan[131]. - The company repurchased and canceled 58,000 restricted stocks due to the departure of certain incentive objects[132]. - On December 31, 2021, the company executed the first exercise period of stock options, with 472,400 options exercised at a price of 55.14 CNY per share[133]. - The company granted 220,000 restricted stocks to 2 individuals at a price of 30.48 CNY per share on January 7, 2022[135]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements related to future development plans and operational goals[2]. - The company faces risks from external factors such as the COVID-19 pandemic, which may impact contract delivery and overseas business development[90]. - There is a risk of technology and product development not meeting expectations, which could affect product design and alignment with customer needs[90]. - The company is actively protecting its intellectual property rights to mitigate risks associated with potential infringements[91]. - The company plans to enhance its governance structure in compliance with relevant laws and regulations to improve operational standards[93]. Audit and Compliance - The company has maintained its accounting firm, Lixin Certified Public Accountants, for 9 consecutive years, with an audit fee of ¥800,000[157]. - The audit opinion for the financial statements was a standard unqualified opinion, issued on March 25, 2022[193]. - The company did not experience any changes in its controlling shareholder during the reporting period[186]. - The company did not conduct any repurchase transactions among its top ten shareholders during the reporting period[185]. - The company’s revenue recognition process was identified as a key audit matter due to its complexity and significance[196]. - Management evaluated key input values such as rising rates and costs against past performance and forecasts[199]. - The company conducted a retrospective review comparing the previous year's forecasts with the current year's performance to assess the reliability of management's forecasting process[199].