CCD(002811)2022-11-17 15:01Group 1: Business Performance - In 2021, the new signed design orders amounted to 1.175 billion CNY, along with soft decoration orders of 190 million CNY, representing a year-on-year increase of 26.74% compared to 1.077 billion CNY in the previous year [3] - The second quarter of 2022 is expected to see a decline in new signed orders due to the impact of the pandemic in major cities like Shenzhen, Shanghai, and Beijing [4] Group 2: Project Development and Market Strategy - The company has focused on design-related business development and is cautiously taking on more engineering business orders, adapting to market changes and actively expanding into new sectors such as renewable energy, technology, finance, and consumer industries [4] - The significant revenue growth in the northwest region last year was attributed to increased market development efforts and successful projects like the InterContinental and Huayi Hotels in Xi'an, enhancing the company's influence in that area [4] Group 3: Financial Management and Asset Quality - Asset impairment has been primarily influenced by industry policies and the company's earlier focus on engineering business, with most receivables coming from engineering clients [4] - The company maintains a strict impairment provision standard, reflecting a cautious approach to managing accounts receivable [4] Group 4: Human Resources and Talent Development - The number of designers has increased to over 1,000, primarily located in Shenzhen, Hong Kong, Shanghai, Beijing, and Xi'an, with a strong emphasis on design quality and talent cultivation [4] - The company plans to adjust the scale of its design team based on business volume [5] Group 5: Technology and Innovation - The material platform developed by the company's technology brand "Xizhao Technology" is currently in the trial phase, with nearly 700 suppliers and over 76,000 materials available online, enhancing designers' efficiency [5] - The company aims to add over 100,000 new material varieties this year and will continue to strengthen research and development, leveraging digital and information technology to optimize design workflows [5]