IBR(SZ:300675)2022-03-25 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥502.83 million, a decrease of 0.72% compared to ¥506.46 million in 2020[23]. - The net profit attributable to shareholders for 2021 was approximately ¥44.51 million, representing a 1.46% increase from ¥43.87 million in 2020[23]. - The net profit after deducting non-recurring gains and losses was approximately ¥29.13 million, an increase of 12.80% from ¥25.83 million in 2020[23]. - The total assets at the end of 2021 were approximately ¥1.34 billion, an increase of 2.10% from ¥1.31 billion at the end of 2020[23]. - The net assets attributable to shareholders at the end of 2021 were approximately ¥534.85 million, a 6.22% increase from ¥503.54 million at the end of 2020[23]. - The basic earnings per share for 2021 were ¥0.3035, up 1.47% from ¥0.2991 in 2020[23]. - The weighted average return on equity for 2021 was 8.59%, a decrease of 0.47% from 9.06% in 2020[23]. - The company's total revenue for 2021 was approximately CNY 502.83 million, a decrease of 0.72% compared to CNY 506.46 million in 2020[94]. - The public service segment achieved revenue of CNY 207.07 million, representing a year-on-year growth of 28.63%[94]. - The urban green development service segment generated a total revenue of 227.82 million yuan, a year-on-year decline of 28.08%[88]. Cash Flow and Investments - The net cash flow from operating activities decreased by 35.97% to approximately ¥42.04 million from ¥65.65 million in 2020, primarily due to a reduction in funds collected and paid on behalf of EPC projects[23]. - The cash flow from operating activities showed a significant decline due to a reduction in EPC cash inflow, which decreased by ¥38,270,000[114]. - The total investment amount for the reporting period was CNY 86,392,130.08, a decrease of 46.26% compared to the previous year's investment of CNY 160,756,769.86[124]. - The company reported a cumulative investment of CNY 9,411.58 million from the raised funds, with CNY 4,819.44 million sourced from its own funds prior to the funds being raised[131]. - The Future Building project has seen an investment of CNY 63,464,412.77 during the reporting period, with a total investment of CNY 479,253,554.36 to date[126]. Research and Development - In 2021, the company's R&D expenses reached CNY 47.15 million, a year-on-year increase of 32.27%, accounting for approximately 9.38% of total revenue[51]. - The company has added 27 new research projects in 2021, with a total of 66 ongoing projects, including 19 national and provincial-level technology plan projects[55]. - The company has filed for 5 new patents and received 10 new patent authorizations, bringing the total to 108 patents[55]. - The company is investing 100 million RMB in research and development for innovative construction materials[179]. - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing service efficiency[186]. Market Strategy and Expansion - The company is focused on expanding its market presence through innovative engineering consulting and design services, enhancing its competitive edge[15]. - The company is positioned to benefit from national policies promoting urban development and technological innovation in the Guangdong-Hong Kong-Macao Greater Bay Area[141]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next three years[179]. - Market expansion plans include entering three new provinces by the end of 2022, targeting a 5% market share in these regions[186]. - The company is considering strategic acquisitions to enhance its technology portfolio, with a budget of 500 million RMB allocated for potential deals[186]. Sustainability and Green Development - The company emphasizes its commitment to ecological planning and sustainable development, integrating ecological diagnostics into urban construction systems[15]. - The company aims to achieve carbon neutrality, balancing its carbon emissions through removal technologies[16]. - The company is actively involved in the development of green buildings, emphasizing resource conservation and environmental protection throughout the building lifecycle[15]. - The company has established a self-organized initiative to promote a green lifestyle, responding to national low-carbon living standards[15]. - The company is committed to promoting its green brand value and aims to quantify its contributions to the dual carbon goals through an ESG evaluation model[148]. Governance and Management - The company has established a comprehensive governance system that integrates party leadership, corporate bylaws, and state-owned asset supervision[73]. - The board of directors has established a market and technology innovation committee to enhance the importance of technology management alongside business management, ensuring the implementation of long-term strategic initiatives[78]. - The company has maintained a board structure with a majority of external directors, including industry experts, to ensure scientific and fair decision-making[77]. - The company has implemented a performance assessment system for senior management, linking their annual salary to responsibilities, risks, and company performance[189]. - The company has established an independent financial department with its own accounting system and tax obligations[168]. Challenges and Risks - The company faces challenges due to the ongoing global pandemic and economic uncertainties, but there are opportunities for transformation towards green and high-quality development in the industry[35]. - The company faces risks related to policy changes, market competition, and technology, necessitating continuous adaptation and strategic adjustments to maintain competitiveness[153][154]. - The ongoing impact of the COVID-19 pandemic poses risks to market expansion and operational organization, potentially affecting future performance targets[157]. - The company has established a comprehensive risk and internal control management system to mitigate operational risks and ensure overall risk is controllable[155]. Employee and Compensation - The total number of employees at the end of the reporting period was 907, with 362 from the parent company and 545 from major subsidiaries[199]. - Employee compensation consists of salary, performance bonuses, allowances, social insurance, housing fund, union fees, and employee education fees, with performance bonuses linked to company performance and individual contributions[200]. - The total compensation for directors, supervisors, and senior management during the reporting period amounted to CNY 641.99 million[189]. - The chairman, Ye Qing, received a total compensation of CNY 84.38 million, while the vice chairman, Chen Zeguang, received CNY 88.87 million[188].