ST雪发(002485) - 2021 Q4 - 年度财报

Financial Performance - The total operating revenue for 2021 was approximately ¥1.48 billion, a decrease of 2.05% compared to ¥1.53 billion in 2020[20] - The net profit attributable to shareholders was a loss of approximately ¥442.73 million, representing a significant decline of 2123.69% from a loss of ¥19.91 million in the previous year[20] - The basic and diluted earnings per share were both negative at ¥0.8138, a decrease of 2123.50% from ¥0.0366 in 2020[20] - The total assets at the end of 2021 were approximately ¥3.20 billion, reflecting a decrease of 5.92% from ¥3.37 billion at the end of 2020[20] - The weighted average return on net assets was -22.60% for 2021, a significant decline from -0.91% in 2020[20] - The company reported a significant non-recurring loss of CNY -403,935,859.16 in 2021, primarily due to fair value changes in investment properties[27] - The company’s diluted earnings per share for 2021 was CNY -0.8138, reflecting ongoing financial difficulties[21] - The net profit attributable to shareholders decreased by 2,123.69% year-on-year, largely due to a 5,822.88% reduction in fair value gains from investment properties[65] Cash Flow and Investments - The net cash flow from operating activities improved by 58.64%, reaching a negative ¥73.55 million compared to a negative ¥147.67 million in 2020[20] - The company reported a net cash flow from operating activities of CNY -82,348,917.01 in the first quarter of 2021, indicating cash flow challenges[26] - The net cash flow from investing activities decreased by 129.84% year-on-year, mainly due to increased investment in town projects[64] - The net cash flow from financing activities increased by 321.59% compared to last year, primarily due to an increase in cash flow from bill discounts[64] - The total amount of cash and cash equivalents decreased by 28,549,932.42, showing a 69.47% improvement in net decrease compared to the previous year[63] Business Operations and Strategy - The company has expanded its business scope to include cultural tourism project development and information system integration services as of August 2021[18] - The company aims to expand its supply chain management and comprehensive services, focusing on coal, coke, oil products, and steel[34] - The company is actively exploring innovative cooperation models in its supply chain operations, aiming for multi-party win-win scenarios with state-owned enterprises[34] - The company has established a comprehensive supply chain service model, focusing on core customers and addressing pain points in procurement, production, and sales[41] - The company has optimized its steel business model, resulting in continuous growth despite market challenges, by focusing on large steel manufacturers[41] - The company has maintained stable growth in coal and coke business by strengthening relationships with core customers, ensuring reliable supply[42] - The company has expanded its oil product business by targeting major petrochemical enterprises, leading to both profit and scale growth[43] Revenue Segments - Supply chain business revenue surged to approximately ¥1.33 billion, accounting for 89.90% of total revenue, with a remarkable year-on-year growth of 206.33%[47] - The tourism segment generated approximately ¥53.21 million, down 60.60% from ¥135.05 million in 2020, indicating a significant decline in this area[47] - The apparel segment reported revenue of approximately ¥61.13 million, a drastic decrease of 92.48% compared to ¥812.99 million in the previous year[47] Governance and Compliance - The company has faced significant risks including natural disasters, economic cycles, commodity price fluctuations, and market competition[4] - The company has made adjustments to its financial data due to accounting errors, necessitating restatements for previous years[19] - The company received a regulatory letter from the Shenzhen Stock Exchange on July 23, 2021, regarding significant accounting errors and delayed performance announcements[93] - The company is currently under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws[93] - The company emphasizes communication with stakeholders, including creditors, employees, and customers, to balance interests and fulfill social responsibilities[98] - The company adheres to strict information disclosure practices, ensuring transparency and timely reporting to all shareholders[99] Shareholder and Management Structure - The board of directors consists of 9 members, including 3 independent directors, meeting the legal requirement of over one-third independence[96] - The supervisory board operates in accordance with legal and regulatory requirements, ensuring compliance in financial operations and asset transactions[97] - The company has established various internal governance systems, including an internal audit system and a risk management framework[92] - The company has implemented measures to protect minority shareholders' rights, including online voting systems for shareholder meetings[95] - The company has a clear ownership relationship with the controlling shareholder, ensuring no guarantees provided for the debts of the controlling shareholder[101] Employee and Talent Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 440.05 million[120] - The company emphasizes the cultivation and enhancement of comprehensive and high-end talents, maintaining a competitive salary structure[131] - Training programs are developed annually to align with the company's strategic development needs, focusing on various skills and management areas[132] - The total number of employees at the end of the reporting period was 155, with 83 in sales, 2 in technical roles, 35 in finance, 14 in administration, and 21 in other categories[129] Future Outlook and Projections - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to 1.8 billion yuan[108] - New product launches are expected to contribute an additional 300 million yuan in revenue, with a focus on innovative technology solutions[109] - The company is expanding its market presence, targeting a 10% increase in market share in the next year[110] - Strategic acquisitions are planned, with a budget of 500 million yuan allocated for potential mergers and acquisitions[106] Environmental and Social Responsibility - The company emphasizes environmental protection and sustainable development, integrating these aspects into its strategic planning[143] - The company has implemented measures to reduce energy consumption and pollution, fulfilling its social responsibility commitments[143] Related Party Transactions - The total expected amount of related party transactions for 2021 is RMB 1,007.60 million, while the actual amount incurred is RMB 104.75 million, indicating a significant reduction in related party transactions[163] - The company has not reported any significant related party transactions that require shareholder approval[171] Regulatory and Legal Matters - The company faced regulatory scrutiny for significant accounting errors and performance forecast corrections, receiving a warning letter from the China Securities Regulatory Commission[160] - The company has not experienced any major litigation or arbitration matters during the reporting period[159] - The company has not undergone any bankruptcy reorganization during the reporting period[158]