CSG Energy(SZ:003035)2022-04-14 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.126 RMB per 10 shares to all shareholders, based on a total of 3,787,878,787 shares[3]. - The company proposed a cash dividend of 0.126 yuan per 10 shares for the 2021 fiscal year, totaling 47,727,272.72 yuan, which represents 100% of the distributable profit[186][187][190]. - The cash dividend policy complies with the company's articles of association and ensures reasonable returns for investors while considering sustainable development[186][187]. Financial Performance - The company's operating revenue for 2021 was ¥2,600,103,152.25, representing a 29.43% increase compared to ¥2,008,852,699.70 in 2020[12]. - The net profit attributable to shareholders for 2021 was ¥473,924,709.40, an 18.90% increase from ¥398,575,831.08 in 2020[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥458,019,831.25, up 29.27% from ¥354,309,682.16 in 2020[12]. - The company's total assets increased by 22.73% to ¥13,542,668,954.16 at the end of 2021, compared to ¥11,034,643,347.73 at the end of 2020[12]. - The net assets attributable to shareholders rose by 33.25% to ¥5,951,508,601.63 at the end of 2021, compared to ¥4,466,580,126.96 at the end of 2020[12]. - The company's total revenue for 2021 reached approximately ¥2.6 billion, representing a year-on-year increase of 29.43% compared to ¥2.01 billion in 2020[61]. - The total profit amounted to CNY 609.64 million, reflecting a growth of 28.76% compared to the previous year[41]. - The net profit attributable to shareholders was CNY 473.92 million, up by 18.90% year-on-year[41]. Operational Stability - There are no changes in the company's main business since its listing, indicating stability in operations[9]. - The company has not experienced any changes in its controlling shareholders, reflecting consistent ownership structure[9]. - The company has not reported any significant changes in its registered address or operational location, ensuring continuity in its business environment[6]. Governance and Compliance - The company emphasizes the importance of accurate financial reporting, with key executives affirming the completeness and truthfulness of the annual report[2]. - The company has engaged Tianzhi International Accounting Firm for auditing, ensuring compliance and transparency in financial practices[10]. - The company maintains a strong governance structure with a board of directors and supervisory board overseeing operations[2]. - The company has implemented a risk classification list and improved its internal control mechanisms to enhance compliance management[50]. - The internal control audit report confirmed that the company maintained effective financial reporting controls as of December 31, 2021[197]. Risk Management - The company has a comprehensive risk management strategy outlined in the management discussion section, addressing potential operational risks[2]. - The company is managing the risk of increasing accounts receivable due to delays in renewable energy subsidies, with plans to strengthen management and shorten recovery cycles[119]. - The company is addressing risks associated with contract energy management projects, which have long service periods and significant upfront investments, by focusing on high-quality clients[117]. Environmental Responsibility - The company is committed to environmental and social responsibility, as detailed in its annual report[5]. - The company is classified as a key pollutant discharge unit by the environmental protection department[199]. - Major pollutants include particulate matter, SO2, and NOx, with SO2 emissions totaling 7.529 tons, exceeding the standard by 106.22 tons[199]. - The company has implemented pollution control measures in accordance with environmental impact assessments, and the operation of related facilities has been satisfactory during the reporting period[200]. Revenue Sources and Business Segments - The company confirmed renewable energy subsidy income of CNY 549.63 million, accounting for 21.14% of total revenue during the reporting period[39]. - The company's industrial energy-saving service business achieved revenue of 999.77 million yuan, accounting for 38.45% of total revenue, with a year-on-year growth of 24.88%[44]. - The building energy-saving service business generated revenue of 634.78 million yuan, representing 24.41% of total revenue, with a year-on-year increase of 33.81%[45]. - The comprehensive resource utilization business reported revenue of 631.52 million yuan, a year-on-year growth of 73.62%, accounting for 24.29% of total revenue[47]. Future Outlook and Strategic Goals - The company aims to enhance its market competitiveness through innovation and efficient operational mechanisms, while actively participating in the "Double Hundred Action" initiated by the State-owned Assets Supervision and Administration Commission[57]. - The company has established a strategic goal to lead the comprehensive energy service industry, emphasizing high-quality development and innovation[105]. - The company has set a revenue target of 3.02 billion CNY and a net profit target of 600 million CNY for 2022, highlighting significant uncertainty in achieving these goals due to market conditions[108]. Human Resources and Management - The total number of employees at the end of the reporting period is 538, with 302 in the parent company and 236 in major subsidiaries[176]. - The professional composition includes 460 technical professionals, 57 management personnel, and 21 auxiliary staff[177]. - The company conducted 28 training sessions, training a total of 1,450 participants during the reporting period[183]. - The company has a remuneration management policy that aligns with government regulations regarding social insurance contributions[165]. Shareholder Engagement - The company held multiple shareholder meetings with participation rates of 100% for the first meeting and 76.09% for the second meeting, demonstrating strong shareholder engagement[138]. - The cash dividend distribution plan is subject to approval at the annual general meeting of shareholders[186][190].