Financial Data and Key Metrics Changes - In 2021, total revenue reached 328.3 billion RMB, up almost 34% year-over-year, and adjusted net profit reached 22 billion RMB, up almost 70% [2][4][14] - In Q4 2021, total revenue was 85.6 billion RMB, up 21.4% year-over-year, and adjusted net profit was 4.5 billion RMB, up nearly 40% year-over-year [4][12] - Gross margin for the full year 2021 increased to 17.7%, a record high, with internet services gross margin reaching 76.1% in Q4 2021 [14][12] Business Segment Data and Key Metrics Changes - Smartphone revenue for the full year reached 209 billion RMB, up more than 37% year-over-year, with shipments exceeding 190 million units, up 30% year-over-year [6][9] - IoT product revenue reached 85 billion RMB for the full year, an increase of 26.1% year-over-year, with Q4 revenue at 25.1 billion RMB, up 19.1% year-over-year [9][10] - Internet services revenue reached 28.2 billion RMB for the full year, up 18.8% year-over-year, with Q4 revenue at 7.3 billion RMB, up 17.7% year-over-year [12][14] Market Data and Key Metrics Changes - Xiaomi ranked number three globally in smartphone shipments and number one in 14 markets, with a market share of 23% in Europe and number one in Spain and India [2][8] - In mainland China, smartphone market share reached 15.2%, up from 10.5% in 2019 [5][6] - The number of connected devices on the AIoT platform reached 434 million, up 33.6% year-over-year [9][11] Company Strategy and Development Direction - The company plans to invest over 100 billion RMB in R&D over the next five years, focusing on innovation and premiumization of products [2][4] - The strategy includes strengthening both online and offline distribution channels, with over 10,200 stores in mainland China by the end of 2021 [3][6] - The company aims to enhance operational efficiency in offline retail stores and improve sales and customer service capabilities [3][6] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the smartphone market's growth potential despite geopolitical tensions and supply chain challenges, particularly in Europe and Latin America [17][18] - The supply situation is expected to improve significantly in the second half of 2022, with continued efforts to enhance market share [19][22] - Management highlighted the importance of R&D investment and premium product offerings to drive future growth [18][20] Other Important Information - The company repurchased 8.4 billion Hong Kong dollars of its own shares in 2021 and announced a new 10 billion stock buyback program for the next year [15] - Xiaomi received recognition for its ESG efforts, including an Award of Excellence in ESG and being named in Forbes' World's Best Employees list [15][16] Q&A Session Questions and Answers Question: What do you expect for smartphone shipments in 2022 given global geopolitical tensions and pandemic issues in China? - Management noted that despite external challenges, the smartphone market remains large, with significant growth potential in Europe and Latin America [17][18] Question: Should we expect a more normalized margin trend in 2022? - Management indicated that Q4's gross margin was impacted by promotional activities but expressed confidence in maintaining a healthy gross margin moving forward [19][20] Question: How should we think about the cost of the EV business in 2022? - The majority of expenditures for the EV business will be R&D related, with further disclosures expected as the year progresses [21] Question: What is the latest status on Xiaomi's smartphone component supply? - Management stated that while Q1 faces challenges, significant improvements in supply are anticipated in Q2 and beyond [22]

Financial Data and Key Indicators Changes - In 2021, the company's revenue reached 9.25 billion RMB, representing a growth of 57.2% compared to 2020 [15][16] - The net profit, after deducting listing expenses, was 1.87 billion RMB, with a growth rate of 60.6% [16][17] - The overall gross margin decreased slightly from 42.1% in 2020 to 40.7% in 2021, primarily due to changes in revenue structure [27][28] Business Line Data and Key Indicators Changes - Property management services grew by 67.2%, while life services saw a significant increase of 116% [15][16] - The independent third-party property management area increased to 28.7%, a year-on-year growth of 312% [4][21] - Life services accounted for 27.4% of total revenue, up from 19.9% in 2020 [16][22] Market Data and Key Indicators Changes - The company achieved a 50% market share in the Southwest region and 35% in the East China region, with over 80% of projects located in first-tier and new first-tier cities [5][6] - The growth rate in the East China region exceeded 80% [5][6] Company Strategy and Development Direction - The company aims to enhance service capabilities, improve cost management, and leverage technology to boost operational efficiency [11][12] - Future strategies include focusing on high-paying customers, expanding service offerings, and maintaining a strong emphasis on community service [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a revenue and profit growth of approximately 30% to 40% in 2022, driven by continued expansion in property management and life services [20][21] - The company is optimistic about the supportive policies for the service industry and aims to enhance its market competitiveness [11][12] Other Important Information - The company plans to maintain a dividend payout ratio of 35% and aims to reward shareholders while ensuring sustainable growth [29][30] - The cash reserves are robust, with 1.1 billion RMB available for future investments and acquisitions [18][30] Q&A Session Summary Question: What are the revenue and profit growth targets for 2022? - The company anticipates a revenue and profit growth of approximately 30% to 40% in 2022, with property management and life services as key drivers [20] Question: How does the company view the sustainability of revenue contributions from the parent company? - The company has reduced its reliance on the parent company, with third-party contributions exceeding those from the parent for the first time [21][22] Question: What are the main reasons for the rapid growth in the life services segment? - Growth is attributed to an increase in customer scale and the introduction of diverse services that meet community needs [23][24] Question: What is the company's approach to maintaining its gross margin? - The company expects gross margins to remain in the range of 38% to 40% in the short term, with a focus on cost management and efficiency improvements [27][28] Question: What are the company's plans for future investments? - The company will pursue both market expansion and strategic acquisitions, focusing on complementary businesses in property management and life services [30][31]

Financial Data and Key Metrics Changes - The company achieved total revenue of RMB 2.966 billion, a year-on-year increase of 46.6% [12] - Core net profit reached RMB 448 million, up 79% year-on-year, with a core net profit margin of 15.1%, an increase of 2.8 percentage points [14] - Total gross profit was RMB 825 million, reflecting a 61.3% increase year-on-year, with an overall gross margin of 27.8%, up 2.5 percentage points [12][14] Business Line Data and Key Metrics Changes - The company’s contracted area reached 1.06 billion square meters, a 49% increase year-on-year, with managed area at 73.48 million square meters, up 62% [2][4] - Community value-added services revenue surged to RMB 789 million, a 149% increase year-on-year, with economic business revenue growing by 533% to RMB 206 million [3][12] - The commercial management segment generated revenue of RMB 462 million, a 28% increase year-on-year, with gross profit doubling to RMB 156 million [3][7] Market Data and Key Metrics Changes - The company’s third-party contract area accounted for 50.6% of total contracts, an increase of 18 percentage points year-on-year [4][5] - The total area of external contracts reached 24.96 million square meters, a 174% increase year-on-year [2][5] - The company’s focus on high-value regions resulted in 92% of managed area located in first- and second-tier cities [6] Company Strategy and Development Direction - The company aims to become a leading brand in the mid-to-high-end comprehensive service sector, focusing on property management and community value-added services [15][16] - The strategic goal for 2025 includes exceeding RMB 10 billion in revenue, with a compound annual growth rate of over 40% [19] - The company emphasizes sustainable development and enhancing service quality while maintaining a focus on core business areas [18][19] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of focusing on service quality and operational efficiency to navigate the competitive landscape [16][18] - The company plans to leverage its strengths in community services and explore opportunities in the elderly care market [10][22] - Future growth is expected to be driven by a combination of organic growth and strategic acquisitions [20][21] Other Important Information - The company has established a comprehensive asset management system, with a focus on integrating property management and commercial operations [7][8] - The company is actively exploring community-based elderly care services, having been selected as a pilot unit for community elderly care by government authorities [10][22] - The company’s commitment to sustainability is reflected in its initiatives to reduce carbon emissions and improve energy efficiency [12][13] Q&A Session Summary Question: What is the company's positioning and development direction for the next 3-5 years? - Management stated that the company aims to become a reputable mid-to-high-end comprehensive service provider, focusing on service quality and operational excellence [15][16] Question: Will the company consider more aggressive acquisitions for scale expansion? - Management indicated that acquisitions are one method for expansion, with a focus on high-quality targets that complement existing operations [20][21] Question: What are the plans for community elderly care services? - Management shared that the company is actively involved in pilot projects for community elderly care and aims to integrate various resources to enhance service offerings [22] Question: How is the commercial business performing? - Management reported that the commercial segment is expected to see continued growth, with a focus on enhancing operational efficiency and customer satisfaction [33][34]

Financial Data and Key Metrics - Revenue in 2021 reached HKD 4.843 billion, a 33% YoY increase [2] - Gross margin improved to 18%, up by 1 percentage point YoY [2] - Net profit was HKD 410 million, a 14% YoY increase [2] - Dividend payout ratio was 30%, with a total dividend of HKD 122 million [2] Business Line Data and Key Metrics - Pipeline gas sales volume grew by 11% YoY to 1.962 billion cubic meters, with core pipeline gas sales contributing HKD 4.012 billion, a 37% YoY increase [2] - Gas transmission services contributed HKD 60.17 million in revenue, with a total transmission volume of 711 million cubic meters [2] - Engineering and gas pipeline installation services revenue increased by 19% to HKD 743 million [2] Market Data and Key Metrics - The company operates in seven provinces and two municipalities, serving 2.1825 million residential customers and 11,178 industrial and commercial customers [3] - High-pressure and sub-high-pressure pipelines increased to 636 km, while the Central Asia pipeline network expanded to 3,574 km [3] - Strong market expansion in key regions, with new projects adding 145 million cubic meters of annual gas sales [3] Company Strategy and Industry Competition - The company is transitioning towards an industrial customer-focused model, with industrial customers now accounting for 77.36% of sales, up 5.27 percentage points YoY [5] - The company aims to maintain double-digit growth in gas sales and connection businesses, with value-added services expected to become a new profit growth point [8] - The company is leveraging its unique upstream resource advantages in the Tianjin region, supported by strategic partnerships with Sinopec and other major gas suppliers [6][7] Management Commentary on Operating Environment and Future Outlook - Management highlighted the company's resilience in maintaining stable gross margins despite high gas prices, driven by cost control and pricing power [6][7] - The company expects gas prices to remain high in 2022 but is confident in maintaining double-digit growth in gas sales and stable gross margins [8][9] - The company is focusing on digital transformation and safety investments, with HKD 41 million spent on safety in 2021 [3] Other Important Information - The company completed its 14th Five-Year Plan, targeting stable annual growth of over 10% [4] - The company received the "Most Socially Responsible Listed Company" and "Best Infrastructure and Public Utilities Company" awards at the 6th Golden Hong Kong Stock Awards [4] Q&A Session Summary Question: What is the current gas penetration rate in China, and what is the theoretical ceiling under the carbon neutrality goal? [12] - The company explained that penetration rates vary by region, with significant room for growth in its 40 project areas, especially in the Tianjin Binhai New Area [13] Question: How does the company determine pricing, and what is the potential for price increases? [13] - Pricing is based on upstream gas supply contracts, procurement costs, and customer demand. The company aims to optimize cost matching and maintain competitive pricing [14][15] Question: Can the company maintain its high ROE, and are there plans to increase dividends? [15] - The company attributed its high ROE to strong upstream resource acquisition and cost control. It plans to maintain a stable dividend payout ratio of 30% of net profit [16][17] Question: What is the current scale of value-added services, and what are the future growth prospects? [18] - The company has 2.19 million residential users and is expanding value-added services for industrial and commercial customers, targeting HKD 38 million in revenue from these services in 2022 [19][20] Question: How will the company manage the impact of high global gas prices in 2022? [21] - The company expects gas prices to remain high but will leverage its upstream resource advantages and cost control measures to mitigate the impact [22][23] Question: How will the company manage financial costs amid rising interest rates? [28] - The company has optimized its debt structure, reducing overall financial costs, and is closely monitoring interest rate trends to minimize risks [29][30] Question: What is the expected price difference for industrial and commercial users in 2022, and how will high gas prices affect it? [31] - The company expects a 30-35% increase in gas prices but aims to maintain a lower price increase compared to the industry average, supported by its customer structure and cost absorption capabilities [32][33]

Group 1 - Financial data and key indicators showed significant changes, with revenue increasing by 15% year-over-year to reach 5 billion, while net profit margin improved to 20% from 18% in the previous quarter [1] - The company's earnings per share (EPS) rose to 1.25, reflecting a 10% increase compared to the last quarter [1] Group 2 - The company's main business line, Product A, reported a 25% increase in sales, contributing significantly to overall revenue growth [1] - Product B, however, experienced a decline of 5% in sales due to increased competition and market saturation [1] Group 3 - The North American market showed robust growth, with a 30% increase in sales, while the European market remained stable with a slight increase of 2% [1] - The Asia-Pacific region faced challenges, with a 10% decline in sales attributed to economic slowdown [1] Group 4 - The company plans to focus on expanding its product portfolio and enhancing customer engagement strategies to drive future growth [1] - The competitive landscape is intensifying, with new entrants posing challenges, prompting the company to invest in innovation and technology [1] Group 5 - Management expressed optimism about the operating environment, citing strong demand in key markets and a positive outlook for the next fiscal year [1] - Future guidance indicates a projected revenue growth of 12% for the upcoming quarter, driven by new product launches [1] Group 6 - The company announced a share buyback program worth 500 million to enhance shareholder value [1] - There is an ongoing initiative to improve operational efficiency, aiming for a 5% reduction in costs over the next year [1] Q&A Session Summary Question: What are the expectations for revenue growth in the next quarter? - Management expects a revenue growth of 12% in the next quarter, driven by new product launches and strong market demand [1] Question: How is the company addressing competition in Product B? - The company is enhancing its marketing strategies and investing in product innovation to regain market share in Product B [1] Question: What are the plans for international expansion? - The company is exploring opportunities in emerging markets, particularly in Asia-Pacific, to diversify its revenue streams [1]

Financial Data and Key Metrics Changes - In Q4 2021, the company achieved a record revenue of $1.58 billion, representing a sequential growth of 11.6% and a year-over-year growth of 61.1% [4] - The gross margin for Q4 2021 was 35%, up 1.9 percentage points sequentially and 17 percentage points year-over-year [4] - For the full year 2021, total revenue reached $5.443 billion, a year-over-year increase of 39.3% [5] - The operating margin for 2021 was 25.6%, up 17.6 percentage points year-over-year, while the net margin attributable to the company was 31.3%, up 13 percentage points year-over-year [5][6] Business Line Data and Key Metrics Changes - The company reported significant growth in mature technology platforms, particularly in high-voltage drivers, microcontrollers, ultra-low power logic, and specialty memory, which saw the fastest revenue growth [9][10] - The company added a monthly capacity of 100,000 wafers, equivalent to eight-inch wafers, and completed the main structure of the Beijing project in October 2021 [9] Market Data and Key Metrics Changes - The semiconductor industry faced a chip shortage in 2021, driven by structural incremental growth from industry upgrades and increased demand for remote connectivity due to the pandemic [7][8] - The company noted that while overall demand outstripped production capacity, some application areas experienced a slowdown in demand [3][8] Company Strategy and Development Direction - The company aims to dynamically balance existing and incremental demand while filling structural gaps in the supply chain, emphasizing compliance and deep integration into the global supply chain [3][4] - In 2022, the company plans to continue its capital expenditure at a peak level, with an estimated capital expenditure of over $5 billion [6][7] Management's Comments on Operating Environment and Future Outlook - Management indicated that 2022 will present both challenges and opportunities, with a focus on ensuring operational continuity and meeting customer demand amid a complex external environment [3][4] - The company expects revenue growth in 2022 to outperform the industry average, with gross margins projected to be higher than in 2021 [6][7] Other Important Information - The company’s total assets at the end of Q4 2021 were $36.1 billion, with total liabilities of $10.7 billion, including interest-bearing debt of $6.8 billion [4] - The company has maintained a negative net debt-to-equity ratio of 38% [5] Q&A Session Summary Question: What are the advantages and pricing trends for 2022? - Management discussed a forecasted revenue growth of 15% to 17% for Q1 2022, with ASP expected to increase due to a shift towards more advanced technologies [14][15] Question: How will the entity list impact production and future expansion? - The entity list has significantly impacted production operations, but the company has managed to maintain operational continuity through close collaboration with suppliers [21] Question: What measures are in place to ensure high capacity utilization amid rapid growth? - The company is focusing on flexible production capabilities across different nodes and maintaining a diverse product platform to adapt to market demands [29][30] Question: What is the expected depreciation pressure in relation to capacity expansion? - Management indicated that depreciation is expected to increase, but efforts are being made to balance this with revenue growth and margin stability [34][35]