中装建设(002822) - 2021 Q4 - 年度财报

Dividend Distribution - The company plans to distribute a cash dividend of 0.20 CNY per 10 shares to all shareholders, based on a total of 720,578,442 shares [4]. - The cash dividend policy has been approved by the board and aligns with the company's articles of association and relevant regulations [150]. - The company’s profit distribution policy ensures that cash dividends exceed 10% of the distributable profits for the year [149]. - The company reported a cash dividend of 0.20 CNY per 10 shares, totaling 14,411,568.84 CNY, which represents 100% of the distributable profit [151]. - The total distributable profit for the year was 1,225,928,207.28 CNY [151]. Financial Performance - The company’s operating revenue for 2021 was ¥6,278,172,603.61, representing a 12.48% increase compared to ¥5,581,448,926.63 in 2020 [20]. - The net profit attributable to shareholders for 2021 was ¥101,397,108.81, a decrease of 59.66% from ¥251,348,480.75 in 2020 [20]. - The net cash flow from operating activities was -¥535,848,849.94, a decline of 77.34% compared to -¥302,165,554.77 in 2020 [20]. - The total assets at the end of 2021 amounted to ¥9,195,175,443.41, an increase of 25.92% from ¥7,302,375,657.32 at the end of 2020 [21]. - The net assets attributable to shareholders increased by 9.38% to ¥3,639,463,339.27 at the end of 2021, up from ¥3,327,495,100.22 at the end of 2020 [21]. - The basic earnings per share for 2021 was ¥0.14, down 61.11% from ¥0.36 in 2020 [20]. - The diluted earnings per share also stood at ¥0.14, reflecting a 61.11% decrease compared to ¥0.36 in 2020 [20]. - The weighted average return on equity for 2021 was 2.90%, down from 8.13% in 2020, indicating a decline of 5.23% [20]. - The company reported a net profit margin of 12% for the last fiscal year, showing a stable financial performance despite market challenges [123]. Operational Highlights - The company has a diverse portfolio of subsidiaries, indicating a broad operational scope across various sectors [10]. - The company is focused on expanding its market presence and exploring new technologies as part of its growth strategy [4]. - The company has established a leading DRP information system for project lifecycle management, enhancing operational efficiency and management capabilities [37]. - The company has been actively involved in renewable energy projects since 2011, including the EPC contract for a 50MW distributed wind power project in Henan in 2021 [35]. - The company aims to become a provider of comprehensive solutions for "green living environments" by focusing on green building research and the application of renewable energy [35]. Market and Industry Trends - The architectural decoration industry maintained steady growth, with the total output value increasing from CNY 3.4 trillion in 2015 to CNY 4.88 trillion in 2020, representing a growth of 43.53% [31]. - The construction decoration segment accounted for 93.91% of total revenue, with a revenue of approximately CNY 5.90 billion, up 7.99% from the previous year [43]. - The property management and services segment saw a significant increase of 214.38%, generating approximately CNY 382.30 million, compared to CNY 121.60 million in 2020 [43]. - The company is advancing its data center project in Shunde, aiming to establish a competitive position in the internet data center service market [105]. - The architectural decoration industry is expected to undergo significant changes due to the ongoing challenges in the real estate sector, with companies having low exposure to real estate likely to benefit [32]. Governance and Compliance - The company has outlined its governance structure and responsibilities within the report, promoting accountability [6]. - The company has established a comprehensive governance structure, including a shareholders' meeting, board of directors, supervisory board, and senior management, in compliance with relevant laws and regulations [111]. - The company maintains asset independence, legally owning all assets related to its business operations, including construction systems and facilities, without providing guarantees for shareholders' debts [113]. - The company has established a rigorous internal control system to ensure compliance with corporate governance standards [111]. - The company has not reported any significant discrepancies between its governance practices and the regulations set forth by the China Securities Regulatory Commission [112]. Research and Development - The company has developed 12 patents related to photovoltaic technology, indicating a strong commitment to renewable energy projects [39]. - Research and development expenses increased to CNY 181,414,227.49, a 6.71% rise from CNY 170,003,653.82 in 2020 [59]. - The number of R&D personnel increased to 508 in 2021, representing a growth of 37.30% compared to 370 in 2020 [61]. - The company is focusing on modular construction technologies, including a prefabricated ceiling system and a modular isolation hotel system, aimed at reducing carbon emissions and enhancing competitiveness [60]. - The company is investing CNY 200 million in R&D for new technologies and products in the upcoming year [129]. Strategic Planning and Future Outlook - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies [130]. - The company plans to pursue strategic acquisitions to enhance its service offerings, targeting a 5% increase in overall market share [127]. - The company provided a positive outlook for 2022, projecting a revenue growth of 25% and aiming to reach 1.875 billion RMB [192]. - The company aims to integrate various services including curtain walls, smart buildings, and property management to enhance its overall service offerings [104]. - The management emphasized the importance of sustainability in future projects, aiming for a 50% reduction in carbon emissions by 2030 [199]. Employee and Talent Management - The company has a well-established talent development system, ensuring a strong management team and skilled workforce [39]. - The total number of employees at the end of the reporting period was 4,305, with 1,124 in the parent company and 3,181 in major subsidiaries [145]. - The employee composition includes 1,051 technical personnel, 150 sales personnel, and 99 financial personnel, reflecting a diverse skill set within the workforce [145]. - The company has established a comprehensive training system to enhance employee skills and align with corporate development [148]. - The company’s management team includes several vice presidents who have been with the company since at least 2012, indicating stability in leadership [118]. Social Responsibility and Community Engagement - The company plans to donate 10 million to support the education development of Jiexi County, furthering its commitment to social responsibility [182]. - The company actively participates in social welfare activities, including donations to local charities and educational institutions [182]. - In 2020, the company ranked 36th in the Shenzhen charity donation list, contributing to poverty alleviation and education funding [183]. - The company emphasizes employee rights protection, providing comprehensive social insurance and ensuring fair competition in performance assessments [180]. - The company maintains excellent contract fulfillment with suppliers and customers, ensuring mutual benefits and protecting their legal rights [180].