CENTER INT(603098)2022-04-29 16:00Financial Performance - The company reported a total distributable profit of RMB 989,898,784.60 as of December 31, 2021, with a proposed cash dividend of RMB 0.5 per 10 shares, totaling RMB 26,939,998.90[6]. - The company's operating revenue for 2021 was ¥3,139,580,066.74, a decrease of 0.41% compared to ¥3,152,519,439.70 in 2020[28]. - The net profit attributable to shareholders for 2021 was ¥32,814,119.91, representing an 82.02% decline from ¥182,467,452.15 in 2020[28]. - The net cash flow from operating activities for 2021 was ¥32,967,977.02, down 40.15% from ¥55,085,910.88 in 2020[28]. - The basic earnings per share for 2021 was ¥0.06, a decrease of 84.21% compared to ¥0.38 in 2020[28]. - The weighted average return on equity for 2021 was 1.28%, down 7.49 percentage points from 8.77% in 2020[28]. - The company's net assets attributable to shareholders increased by 24.44% to ¥2,658,675,087.72 at the end of 2021 from ¥2,136,476,531.22 at the end of 2020[28]. - The company achieved operating revenue of 3.14 billion yuan, a year-on-year decrease of 0.41%[38]. - The net profit attributable to shareholders was 33 million yuan, down 82.02% year-on-year, primarily due to increased impairment losses[38]. - The gross profit margin was 17.31%, a decrease of 0.93 percentage points year-on-year[38]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential uncertainties in future plans[7]. - The company has detailed potential risk factors in the management discussion and analysis section of the report[8]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not reported any violations in decision-making procedures for external guarantees[8]. - The company faces risks related to macroeconomic fluctuations and policy changes that could impact fixed asset investment and project timelines[197]. - The company faces risks from rising raw material prices, including steel and aluminum, which are influenced by economic conditions and market supply-demand dynamics[198]. - Labor cost increases pose a risk to the company's procurement costs, potentially impacting profitability due to an aging population and diminishing labor supply[200]. Market Position and Strategy - The company operates under the name Center International Group Co., Ltd. and is listed on the Shanghai Stock Exchange with the stock code 603098[23]. - The company aims to enhance its service capabilities in the green low-carbon circular development system, aligning with national policies on carbon neutrality[48]. - The company is positioned in the mid-to-high-end metal building enclosure sector, being the only publicly listed company in this field in China[48]. - The company aims to become a leading provider of high-end metal enclosure systems and environmental remediation services in China[63]. - The company aims to expand its market presence in industrial and public building metal enclosure sectors, targeting high-end market segments[114]. - The company aims to become the leading brand in the building metal enclosure industry, focusing on green and low-carbon construction, and integrating BIPV (Building Integrated Photovoltaics) into its main business[191]. Research and Development - The company holds 182 effective patents, including 47 invention patents and 126 utility model patents, reflecting its commitment to innovation[41]. - The company has established strategic partnerships with universities for R&D, including collaborations with Beijing University of Chemical Technology and Beijing University of Aeronautics and Astronautics, enhancing its technological capabilities[122]. - Research and development expenses rose by 10.08% to 110.15 million RMB, reflecting increased investment in new business initiatives[129]. - The company employed 188 R&D personnel, representing 16.35% of the total workforce[146]. - The company will continue to increase R&D investment, collaborating with top domestic research institutions to enhance design and development capabilities in traditional metal enclosure and BIPV fields[195]. Project and Contract Management - The company signed 137 contracts with a total contract value of 4.208 billion yuan, representing a year-on-year growth of 11.80%[38]. - The company has completed over 2,500 engineering projects, covering a total building area of 200 million square meters[48]. - The company has ongoing major projects with significant costs and revenues yet to be disclosed due to settlement processes with clients[166]. - The company has a total of 19 projects completed but not yet accepted, with a total value of RMB 46,370.52 million[170]. - The company has ongoing projects in both domestic and international markets, with a significant portion of the total investment being in domestic projects[163]. Environmental and Social Responsibility - The company has a strong focus on environmental remediation projects, including soil restoration initiatives, demonstrating its commitment to sustainability[118]. - The soil remediation industry in China currently accounts for only 1%-2% of the total environmental protection industry output value, significantly lower than the 30%-50% in developed countries[190]. - The company recognizes the potential for significant growth in the soil remediation market as government focus on soil governance increases[190]. - The company is committed to exploring new business models in the photovoltaic sector, including rooftop leasing and distributed generation market transactions[186]. Future Outlook - The company anticipates continued economic pressure due to demand contraction, supply shocks, and weakened expectations, but maintains a long-term positive outlook supported by strong economic resilience and proactive government policies[183]. - The BIPV (Building Integrated Photovoltaics) market is projected to play a crucial role in achieving energy savings and emissions reduction, with a target of 35 million square meters of energy-efficient retrofitting by 2025[186]. - By 2025, the national goal includes adding over 50 million kilowatts of new solar photovoltaic capacity in buildings, highlighting the significant growth potential in the BIPV sector[186]. - The company recognizes the importance of the construction sector in achieving carbon neutrality goals, with policies promoting solar energy integration in urban and rural buildings[186].