DFGC(000679)2022-04-29 16:00Corporate Governance - The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves[6]. - All directors attended the board meeting to review the annual report[5]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[5]. - The company maintained a strict governance structure in compliance with relevant laws and regulations, ensuring effective internal controls and risk management[79]. - The board of directors and supervisory board operate independently, ensuring compliance and oversight of management activities[80]. - The company has established a fully independent financial department and accounting system, ensuring no overlap with the controlling shareholder's financial operations[83]. - There were no reported instances of related party transactions during the reporting period, ensuring transparency and fairness in operations[80]. - The governance structure is aligned with the requirements set by the China Securities Regulatory Commission, with no significant discrepancies noted[82]. - The company has established a clear separation of personnel, assets, and financial responsibilities from the controlling shareholder, ensuring operational independence[83]. - The company has implemented effective investor relations management, facilitating continuous communication with investors through various channels[82]. Financial Performance - The company's operating revenue for 2021 was ¥176,334,372.09, a slight increase of 0.32% compared to ¥175,772,709.74 in 2020[21]. - The net profit attributable to shareholders in 2021 was -¥215,911,693.13, representing a significant decline of 938.05% from ¥25,763,584.19 in 2020[21]. - The net profit after deducting non-recurring gains and losses was -¥217,303,253.38, a decrease of 15.44% compared to -¥188,234,198.87 in 2020[21]. - The net cash flow from operating activities improved by 70.81%, reaching -¥14,078,990.83 in 2021, compared to -¥48,234,565.00 in 2020[21]. - The total assets at the end of 2021 were ¥1,039,486,499.70, a decrease of 22.67% from ¥1,344,177,161.27 at the end of 2020[21]. - The net assets attributable to shareholders decreased by 34.03%, amounting to ¥419,469,930.39 at the end of 2021, down from ¥635,828,426.84 at the end of 2020[21]. - The basic earnings per share for 2021 was -¥0.61, a decline of 971.43% from ¥0.07 in 2020[21]. - The weighted average return on net assets was -40.94% in 2021, a drop of 45.08% from 4.14% in 2020[21]. - The company's revenue after deducting certain income was ¥161,841,795.60 in 2021, compared to ¥174,643,048.78 in 2020[22]. - The company reported a net loss of CNY 204,069,550.31 in 2021, compared to a profit of CNY 12,288,946.14 in 2020[186]. Market and Operational Insights - The company has reported a continuous operating capability uncertainty as the net profit has been negative for the last three accounting years[21]. - The company's retail sales in Dalian increased by 10.52% year-on-year, with total sales revenue reaching CNY 17.29 million[37]. - The overall retail market in China saw a 12.5% growth in 2021, with online retail sales increasing by 14.1%[32]. - The real estate development investment in China grew by 4.4% in 2021, with residential investment rising by 6.4%[33]. - The company has implemented new retail strategies, including live streaming sales, to adapt to market changes and consumer demands[35]. - The company achieved a total revenue of 176.33 million yuan in 2021, representing a year-on-year growth of 0.32%[43]. - The retail segment generated revenue of 172.92 million yuan, accounting for 98.07% of total revenue, with a year-on-year increase of 10.52%[45]. - The real estate segment reported revenue of 1.05 million yuan, a significant decline of 92.70% compared to the previous year[45]. - The company is focusing on the transformation of the "Jinshi Valley" project in Dalian, which has faced regulatory changes requiring project adjustments[40]. - The company plans to seek strategic partnerships with other domestic real estate companies to enhance resilience against industry risks[40]. Risk Management - The company faces risks from recurring pandemics, which could impact retail operations and consumer confidence[74]. - The real estate sector is under significant policy risk, with ongoing government regulations expected to remain stringent[74]. - The company is addressing liquidity risks by ensuring cash flow stability and improving capital structure management[75]. - The competitive landscape in the real estate market is intensifying, necessitating strategic collaborations to mitigate investment risks[75]. Employee and Management Structure - The total number of employees at the end of the reporting period was 451, with 266 in sales, 86 in technical roles, 30 in finance, and 69 in administration[108]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to RMB 4.39 million[99]. - The company has focused on enhancing its employee compensation system to align with market standards and improve overall employee performance[109]. - A total of 75 training sessions were conducted in 2021, with 280 participants and a total of 408 hours of training completed[110]. Audit and Compliance - The audit committee reviewed the annual audit process and confirmed the adequacy of the audit evidence obtained by the auditing firm[106]. - The internal control self-assessment report indicates that 100% of the total assets and operating income of the evaluated units are included in the company's consolidated financial statements[116]. - There were no significant defects identified in financial or non-financial reporting, with zero major defects reported[117]. - The internal control audit report received a standard unqualified opinion, confirming effective internal controls over financial reporting[118]. - The company has committed to strict compliance with relevant laws and regulations, ensuring no major issues requiring rectification were found during self-inspection[118]. Shareholder Information - The total number of shares is 356,400,000, with 100% being unrestricted shares[156]. - The largest shareholder, Wuxin Investment Holdings (Shenzhen) Co., Ltd., holds 100,000,000 shares, representing 28.06% of total shares[158]. - The second largest shareholder, Dalian Friendship Group Co., Ltd., holds 11,907,894 shares, accounting for 3.34% of total shares[159]. - The company reported a total of 17,145 shareholders at the end of the reporting period, an increase from 16,705 in the previous month[158]. - The shareholder structure remains stable with no significant changes in the number of shares held by major shareholders[159]. Future Outlook - The company provided a future outlook, projecting a revenue growth of 10% for the next fiscal year, targeting 1.32 billion CNY[89]. - The company is investing 100 million CNY in R&D for new technologies aimed at enhancing customer experience and operational efficiency[91]. - Market expansion plans include entering two new provinces, expected to increase market share by 5%[88]. - The management team emphasized a focus on digital transformation, aiming to increase online sales by 30% in the coming year[90].