Shenzhen Zhenye Group(SZ:000006)2022-11-19 05:30Group 1: Financial Performance - The company's revenue for Q1 2021 decreased compared to the same period last year, primarily due to a reduction in project turnover [1] - The target for contract sales in 2022 is set at CNY 6.75 billion, with efforts to ensure the achievement of this goal [3] - The net profit for 2021 was CNY 542 million, a decline of 37.35% year-on-year, marking the lowest profit in the last three accounting years [3] Group 2: Market Conditions - The stock price has been affected by various factors, including the recurring pandemic and regulatory impacts on the real estate sector, leading to significant fluctuations [2] - The overall stock market trend has been weak, with the company aiming for internal development and external growth through partnerships and collaborations [2] Group 3: Employee Incentives - The company has no employee stock ownership plan but has implemented an employee project co-investment management method to encourage participation and share risks [2][4] - The pilot projects for employee co-investment are progressing normally, with plans to explore long-term incentive mechanisms [4] Group 4: Strategic Goals - The company aims to enhance project sales and cash recovery in 2022, despite the challenges posed by the development cycle of real estate projects [3] - The company is focusing on the Guangdong-Hong Kong-Macao Greater Bay Area for business expansion, with ongoing projects in cities like Shenzhen and Guangzhou [5] Group 5: Corporate Governance - The company has implemented a series of reform measures to adapt to new industry developments, including establishing a large operation system and market-oriented management for mid-to-senior level personnel [4] - The company is closely monitoring state-owned enterprise reforms and is actively implementing relevant policies to enhance operational efficiency and risk management [6]