NLT(SZ:300778)2022-04-26 16:00Dividend Distribution - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares to all shareholders, based on a total of 125,000,000 shares[4]. - The company plans to distribute a cash dividend of 2.00 yuan per 10 shares (including tax), with a total cash dividend amounting to 25,000,000 yuan, which represents 100% of the total profit distribution[171]. - The profit distribution plan includes a capital reserve increase of 2 shares for every 10 shares held, based on a total share capital of 125,000,000 shares[173]. Financial Performance - The company's operating revenue for 2021 was ¥400,800,331.19, a decrease of 3.56% compared to ¥415,615,201.21 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥81,856,430.38, down 18.79% from ¥100,802,098.72 in 2020[18]. - The net cash flow from operating activities for 2021 was -¥22,793,302.47, a decline of 134.13% compared to ¥66,785,426.99 in 2020[18]. - The total assets at the end of 2021 were ¥1,250,268,792.53, a decrease of 5.96% from ¥1,329,575,943.53 at the end of 2020[18]. - The basic earnings per share for 2021 was ¥0.6549, down 18.79% from ¥0.8064 in 2020[18]. - The company reported a weighted average return on equity of 8.23% for 2021, a decrease of 2.46 percentage points from 10.69% in 2020[18]. - The company achieved operating revenue of 400.80 million yuan in 2021, a decrease of 3.56% year-on-year[53]. - Net profit attributable to shareholders was 81.86 million yuan, down 18.79% compared to the previous year[53]. - The core business of land spatial planning generated revenue of 253.66 million yuan, a decrease of 3.43% year-on-year[54]. - Engineering design business revenue was 114.37 million yuan, a decline of 1.97% compared to the previous year[59]. - The company's engineering consulting business achieved revenue of 18.55 million yuan, a year-on-year decrease of 12.81%[60]. - The gross profit margin for professional technical services improved by 1.53 percentage points to 42.98% despite a revenue decline[76]. - The company reported a significant decrease in sales expenses by 21.86% to CNY 10.69 million, and management expenses decreased by 7.25% to CNY 39.15 million[83]. Market Position and Strategy - The company is focused on expanding its market presence in urban planning and architectural design sectors[12]. - The company is positioned in the planning and design industry, focusing on urban planning and engineering consulting services, which are influenced by macroeconomic conditions and infrastructure investments[26]. - The company aims to enhance its integration, innovation, and technological capabilities in response to new requirements for urban development and planning reforms[26]. - The company is one of the few comprehensive planning and design firms in China, providing integrated solutions across the entire lifecycle of land use, with a strong competitive advantage due to its extensive project experience and professional teams[29]. - The company aims to leverage existing personnel, technology, and brand advantages to increase market share and revenue through the establishment of branches and the application of new technologies[44]. - The planning and design industry is characterized by low concentration, providing opportunities for the company to expand its market presence[29]. - The national strategy emphasizes high-quality urbanization, which is expected to drive demand for planning and design services, particularly in urban renewal and rural revitalization initiatives[41]. Innovation and R&D - The company has established an innovation research center and a post-doctoral innovation practice base to enhance its innovation capabilities[48]. - The company completed several key R&D projects, including a digital city planning system and a vehicle safety driving assistance system, aimed at enhancing urban infrastructure and safety[84]. - The company has established a postdoctoral innovation practice base to cultivate high-level talent and promote technological innovation, with collaborations with universities like Peking University and Harbin Institute of Technology[115]. - The company has a comprehensive service capability with various qualifications, including first-class qualifications in urban planning and architectural design[46]. - R&D investment amounted to 13.52 million yuan, accounting for 3.37% of total revenue[62]. - The company's R&D investment amounted to ¥13,518,657.94 in 2021, representing 3.37% of operating revenue, an increase from 3.23% in 2020[85]. Governance and Compliance - The company has a complete and clear internal governance structure that complies with relevant regulations, enhancing operational standards and governance levels[135]. - The board of directors consists of 5 members, including 2 independent directors, ensuring compliance with legal requirements and effective decision-making[137]. - The company emphasizes transparency in information disclosure, ensuring that all shareholders have equal access to company information through designated media platforms[141]. - The company maintains independence from its controlling shareholder, Shenzhen Yuan Si Industrial Co., Ltd., ensuring no interference in decision-making or operations[142]. - The company has a strong governance structure with independent directors and a supervisory board[145]. - The company is committed to maintaining compliance with relevant laws and regulations in its operations[142]. - The company has established a comprehensive internal control system, ensuring effective financial reporting and compliance with relevant laws and regulations[174]. - There were no significant deficiencies identified in the internal control over financial reporting during the evaluation period[175]. Risks and Challenges - The company faces market risks due to fluctuations in macroeconomic conditions, which could impact fixed asset investment and subsequently affect the planning and design industry[120]. - Increased competition in the planning and design industry is a concern, as market resources are concentrating among firms with core competitive advantages[121]. - The company is subject to risks from real estate industry regulations, which could affect project development timelines and funding recovery[123]. - Rising human resource costs pose a risk, as the company’s main operating cost is employee compensation, which could impact financial performance if not matched by revenue growth[124]. - The company faces risks related to the loss of core talent, which could negatively impact its competitive edge and future business operations[125]. - There is a risk of declining gross profit margins due to intensified market competition, potential decreases in design fees, and rising labor costs[126]. - The quality of planning and design services directly influences project costs and timelines, and any quality control issues could harm the company's reputation and business expansion[128]. - The COVID-19 pandemic has had a significant adverse effect on the domestic economy, which continues to impact the company's business operations and project bidding processes[131]. Social Responsibility and Community Engagement - The company has committed to social responsibility, integrating it into its business strategy and operations to enhance core competitiveness[182]. - The company actively participates in social welfare activities, including community support and charitable donations, fulfilling its social responsibility[187]. - The company has undertaken multiple rural revitalization projects in Guangdong, Guangxi, Hubei, and Anhui, contributing to national efforts in building beautiful villages[188]. Employee Development and Engagement - The company emphasizes training and development to enhance employee skills and organizational effectiveness, aligning with its growth strategy[168]. - The company has implemented a performance-based compensation system to ensure internal fairness and external competitiveness[167]. - The company focuses on protecting creditor rights by considering their interests in major business decisions and maintaining open communication[184]. - The company promotes a culture of respect for knowledge and individuality, fostering team spirit and enhancing work execution[186]. - The company has developed a robust employee training program to integrate new hires into the team effectively, emphasizing cultural guidance and skill development[185]. Shareholder Commitments and Stock Management - The company committed to long-term shareholding and will strictly adhere to the share lock-up period regulations[193]. - After the lock-up period, any share reduction will comply with the relevant regulations of the China Securities Regulatory Commission and the stock exchange, with a maximum reduction of 5% of total shares within two years[193]. - The company will announce any shareholding changes within 2 working days after repurchase and complete the registration within 10 working days[195]. - The company’s stock price stabilization measures will be initiated if the stock price falls below the audited net asset value per share for 20 consecutive trading days[195]. - The commitments made by the company and its shareholders are valid for a long term, ensuring stability in shareholding[193]. - The company has a long-term commitment to protect investor interests, with a promise to compensate investors for losses resulting from misleading statements in the prospectus[199].