HLADI(SZ:300649)2022-04-27 16:00Financial Performance - The company's operating revenue for 2021 was ¥748,523,310.21, a decrease of 7.17% compared to ¥806,344,385.74 in 2020[26]. - The net profit attributable to shareholders for 2021 was ¥32,664,929.29, down 35.06% from ¥50,303,818.01 in 2020[26]. - The basic earnings per share for 2021 was ¥0.25, a decrease of 35.90% from ¥0.39 in 2020[26]. - The weighted average return on equity for 2021 was 6.83%, down from 11.77% in 2020, indicating a decline of 4.94%[26]. - The company reported a net profit of ¥-3,557,407.26 in Q4 2021, contrasting with profits in the first three quarters[28]. - The total assets at the end of 2021 were ¥1,410,723,654.43, reflecting a growth of 10.59% from ¥1,275,656,938.58 at the end of 2020[26]. - The net assets attributable to shareholders increased by 18.84% to ¥530,924,083.10 at the end of 2021, compared to ¥446,767,448.53 at the end of 2020[26]. - The company achieved operating revenue of ¥748,523,310.21, a decrease of 7.17% compared to the previous year[52]. - The net profit attributable to shareholders was ¥32,664,929.29, down 35.06% year-on-year, primarily due to pandemic-related project delays and bad debt provisions[52]. Cash Flow and Investments - The net cash flow from operating activities increased by 131.94% to ¥120,199,236.95 in 2021, compared to ¥51,823,835.26 in 2020[26]. - Operating cash inflow increased by 45.99% to ¥845,297,891.20 in 2021, while cash outflow rose by 37.54% to ¥725,098,654.25[75]. - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥167,175,075.45, a rise of 1,197.01% compared to the previous year[75]. - The company raised ¥67 million through a private placement of 4,416,609 shares to strengthen its working capital[56]. - The company issued 4,416,609 new shares, leading to a 428.31% increase in cash inflow from financing activities to ¥62,754,675.51[76]. - The company has invested RMB 6,184.66 million in working capital, achieving 100.23% of the planned investment[90]. Business Strategy and Market Position - The company is focusing on expanding its business into the upstream and downstream of the industry chain, leveraging its design capabilities[7]. - The company has established a dual-driven strategy focusing on landscape design and ecological environment business, enhancing its market position in the industry[39]. - The company is expanding its business from landscape planning and design services to integrated design and construction services, receiving positive industry feedback[96]. - The company plans to gradually establish design branches across various regions in China to further expand its market presence[96]. - The company aims to enhance its core competitiveness by expanding its design and general contracting business nationwide, while exploring the "EPC+O" business model for long-term development[97]. - The company plans to invest more resources in ecological environment-related businesses to contribute to national ecological goals[54]. Risks and Challenges - The company acknowledges risks related to asset impairment due to the long project cycles and complex approval processes associated with government clients[6]. - The company faces increased competition in the landscape architecture industry, which may impact its market share and profitability[9]. - The company is aware of the potential risks from macroeconomic fluctuations that could adversely affect its profitability and growth[4]. - Key risks identified include operational performance decline, accounts receivable risk, macroeconomic fluctuations, and market competition, with measures such as increased R&D investment and improved internal controls to mitigate these risks[157]. Research and Development - R&D expenses decreased by 16.08% to CNY 25,528,455.42 compared to the previous year[71]. - The company has completed research on urban flood control areas, focusing on ecological restoration techniques for semi-closed water bodies, enhancing its technical strength in water ecology restoration[72]. - The company has developed a new method for preventing sand loss in artificial beaches under non-constant water level conditions, with a patent application submitted[72]. - The number of R&D personnel increased by 2.17% from 46 in 2020 to 47 in 2021, indicating a focus on enhancing research capabilities[73]. - The company's R&D investment amounted to ¥25,528,455.42 in 2021, representing 3.41% of operating revenue, a decrease from 3.77% in 2020[74]. Corporate Governance - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operation from its controlling shareholders[101]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements and effective governance[102]. - The company has maintained a stable leadership team, with key positions held by experienced professionals in the industry[110]. - The company has committed to enhancing its corporate governance practices, ensuring compliance with regulatory standards[122]. Shareholder Relations and Profit Distribution - The company has a cash dividend policy ensuring that at least 20% of the distributable profits are distributed as cash dividends in profitable years[136]. - The company plans to distribute a cash dividend of RMB 0.60 per 10 shares, totaling RMB 7,944,996.54, which represents 100% of the profit distribution for the reporting period[141]. - The total distributable profit for the company is RMB 32,664,929.29, indicating a strong profit position[141]. - The company emphasizes communication with minority shareholders regarding profit distribution policies and decisions[139]. - The company has implemented a profit distribution policy, ensuring that at least 20% of the distributable profits will be distributed in cash dividends each year, provided that the company is profitable and has positive retained earnings[159]. Major Projects and Achievements - The company has been recognized for its design capabilities, having won over 100 awards, including prestigious international accolades, which bolsters its brand reputation[37]. - The company is actively involved in major projects such as the Boao Asia Forum and has successfully expanded its EPC business through various ecological restoration projects[40]. - The company has successfully implemented several major projects, including the Yellow Sea Wetland Museum and the Asian Games New District environmental improvement project[96]. - The company has a strong foothold in the landscape design sector, leveraging its experience from landmark projects like the West Lake Scenic Area protection project[39]. Customer and Supplier Relations - The total sales amount from the top five customers reached CNY 419,229,779.28, accounting for 56.13% of the annual total sales[68]. - The total procurement amount from the top five suppliers was CNY 359,378,945.09, representing 59.09% of the annual total procurement[69]. - The company focuses on maintaining close relationships with clients, which helps secure repeat business opportunities[47]. Legal and Compliance Matters - The company has not faced any penalties or rectification issues during the reporting period[168]. - There were no significant related party transactions during the reporting period[169]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[163].