Jiangsu Zhongshe (SZ:002883)2022-11-17 15:06Group 1: Company Overview and Financial Performance - Jiangsu Zhongshe Group Co., Ltd. reported a total revenue of 606.34 million yuan and a net profit of 60.47 million yuan for the year 2021 [3] - The company's total assets amounted to 1.21 billion yuan [3] - The company aims to leverage its extensive market experience and resources accumulated over 30 years to enhance its competitive edge [4] Group 2: Business Strategy and Market Expansion - The company follows a "deepening Jiangsu, covering the nation, and going international" strategy to expand its market presence [7] - It has conducted market research in key urban areas such as Beijing-Tianjin-Hebei, Guangdong-Hong Kong-Macao, and the Yangtze River Delta to enhance its brand influence and competitiveness [7] - The company plans to invest in smart transportation, smart cities, and green low-carbon initiatives to support new infrastructure development [8] Group 3: Operational Efficiency and Debt Management - The company has implemented stricter accounts receivable management policies, resulting in a noticeable reduction in the accounts receivable turnover period [6] - Measures include performance management linked to project leaders' operational results and incentives for timely collections [6] Group 4: Future Development and Investment Plans - The company is actively seeking quality targets or teams in smart transportation and architectural design for future investments [4] - It aims to enhance its comprehensive strength through strategic acquisitions and partnerships with state-owned enterprises [4]