Runjian (SZ:002929)2022-04-25 16:00Dividend Distribution - The company plans to distribute a cash dividend of RMB 45,749,692.40 to all shareholders, based on a total share capital of 228,748,462 shares, which translates to a dividend of RMB 0.2 per 10 shares [7]. - The company is committed to maintaining a stable dividend distribution policy, adjusting the total dividend amount in case of changes in total share capital [7]. Financial Performance - The company's operating revenue for 2021 was CNY 6,602,328,309.95, representing a 57.47% increase compared to CNY 4,192,633,827.73 in 2020 [33]. - The net profit attributable to shareholders for 2021 was CNY 352,983,779.43, up 47.88% from CNY 238,703,087.67 in 2020 [33]. - The net profit after deducting non-recurring gains and losses was CNY 332,101,992.89, an increase of 48.04% from CNY 224,338,336.82 in 2020 [33]. - The net cash flow from operating activities was CNY 385,000,098.35, reflecting a 16.08% increase from CNY 331,657,337.95 in 2020 [33]. - The total assets at the end of 2021 were CNY 10,175,660,698.82, a 46.66% increase from CNY 6,938,337,297.51 at the end of 2020 [33]. - The net assets attributable to shareholders at the end of 2021 were CNY 3,828,130,482.78, up 18.47% from CNY 3,231,369,495.63 at the end of 2020 [33]. - The basic earnings per share for 2021 were CNY 1.540, a 42.59% increase from CNY 1.08 in 2020 [33]. - The diluted earnings per share for 2021 were CNY 1.450, reflecting a 35.51% increase from CNY 1.07 in 2020 [33]. - The weighted average return on equity for 2021 was 10.41%, an increase of 2.33 percentage points from 8.08% in 2020 [33]. Market Position and Strategy - The company is focused on expanding its market presence and enhancing its product offerings through new technologies and innovations [6]. - The company is exploring opportunities for mergers and acquisitions to strengthen its market position [6]. - The company maintained a market share of approximately 3% in the communication network maintenance sector, with a total of 264,300 physical sites and 697,400 kilometers of optical cable lines maintained by the end of 2021 [49]. - The company is positioned to benefit from the "East Data West Computing" strategy, which aims to optimize the layout of data centers and enhance interconnectivity [50]. - The company is focusing on innovation strategies in technology, business models, and management to enhance core competitiveness and drive growth [85]. Research and Development - The company is actively involved in research and development to improve its technological capabilities and product lines [6]. - The company has established six R&D centers and 14 R&D bases globally, with an average annual R&D investment of RMB 186 million over the past three years, holding over 360 intellectual property rights [72]. - The company's R&D investment rose by 66.87% year-on-year, accounting for 4.18% of operating revenue, reflecting a strong commitment to innovation [79]. - The company has developed a series of digital SaaS platforms, including the "Comprehensive Maintenance Management Platform" and "RunDo Series Power IoT Platform" to enhance operational efficiency [57]. Risk Management - The company acknowledges various risks including market competition, reliance on major clients, and management risks due to rapid growth, as well as risks related to technology and product updates [6]. - The company has a strategic plan to address potential risks, including those posed by the COVID-19 pandemic [6]. - The company is addressing management risks associated with rapid growth by implementing standardized and digital management practices to enhance operational efficiency [178]. Corporate Governance - The company is dedicated to enhancing its corporate governance and ensuring compliance with regulatory requirements [6]. - The company has established a comprehensive internal audit system, ensuring independence and compliance with regulations [190]. - The board of directors consists of nine members, including three independent directors, meeting legal requirements [189]. - The company maintains complete independence from its controlling shareholder in terms of business, assets, personnel, and financial operations [193]. Sustainability and Social Responsibility - The company is focused on sustainability and social responsibility as part of its long-term strategy [6]. - The company aims to achieve a reduction in energy consumption intensity of no less than 20% by the end of the 14th Five-Year Plan period, as stated in China Mobile's 2021 sustainability report [54]. - The company is focusing on the "dual carbon" strategy and the construction of a new power system to accelerate the expansion of its renewable energy management services [174]. Customer and Supplier Relations - The total sales amount from the top five customers reached approximately CNY 1.93 billion, accounting for 29.27% of the annual sales [109]. - The largest customer, China Mobile Guangdong, contributed CNY 863.21 million, representing 13.07% of total annual sales [109]. - The total procurement amount from the top five suppliers is ¥2,337,977,861.35, accounting for 42.77% of the annual total procurement [112]. Financial Management - The company has included 46 subsidiaries in its consolidated financial statements, with ownership stakes ranging from 35% to 100% [99]. - The company has not reduced any subsidiaries during the reporting period [107]. - The company has a robust investor relations management system, ensuring timely and accurate information disclosure to all investors [188].