Company code: Bbmg Corporation(601992) company abbreviation: Bbmg Corporation(601992) Bbmg Corporation(601992)
Summary of annual report 2021
Section I important tips
1 the summary of this annual report comes from the full text of the annual report. In order to fully understand the company's operating results, financial status and future development plan, investors should go to www.sse.com com. cn. The website carefully reads the full text of the annual report. 2. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and completeness of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. According to the organization arrangement, Ms. Li Li, a senior manager (Deputy General Manager) of the company, has worked as a temporary deputy director of Shanghai Transportation Commission since November 2021. The company failed to get in touch with her today. So far, Ms. Li Li has not signed a confirmation opinion on the 2021 annual report. 3. All directors of the company attend the board meeting. 4 Ernst & Young Huaming Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 5. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
In 2021, the net profit attributable to the shareholders of the parent company was 293301454476 yuan. The profit available for distribution to shareholders of the parent company is 186954333684 yuan. By the end of 2021, the accumulated profit available for distribution to shareholders of the parent company is 1614640886171 yuan.
Based on the total share capital of 10677771134 shares at the end of 2021, the company plans to distribute cash dividends of 1.04 yuan (including tax) to all shareholders for every 10 shares, with a total dividend of 111048819794 yuan. The remaining undistributed profits will be distributed in future years.
Section II basic information of the company
1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A-share Shanghai Stock Exchange Bbmg Corporation(601992) Bbmg Corporation(601992) Jinyu shares
H-share stock exchange Bbmg Corporation(601992) 02009 Jinyu shares
Contact person and contact information: Secretary of the board of directors
Name: Zhang Jianfeng
Office address: Block D, Global trade center, No. 36, North Third Ring East Road, Dongcheng District, Beijing
Tel: 01066417706
E-mail [email protected].
2. Introduction to the company's main business in the reporting period
(I) cement industry
The main macro data in 2021 are generally in a reasonable range, but the growth rate of fixed asset investment, real estate investment and infrastructure investment slows down. According to the statistics in the statistical bulletin of national economic and social development in 2021 issued by the National Bureau of statistics, in 2021, the national fixed asset investment (excluding farmers) was 552884 billion yuan, a year-on-year increase of 4.9%, of which infrastructure investment increased by 0.4% and real estate development investment increased by 4.4%. From the perspective of both sides of cement supply and demand, the overall performance of China's cement demand, production and sales in 2021 is "high before low". According to the data of the National Bureau of statistics, the national cement output will be 2.38 billion tons in 2020, a year-on-year decrease of 0.4%, and the price level will move up as a whole, reaching a record high. Although the overall benefit level of the cement industry in the whole year has weakened year-on-year, the toughness is still there, and the industry profit is still at a historically good level.
(II) real estate development industry
In 2021, the Central Committee stressed in many important meetings that the positioning of "housing, housing and non speculation" should remain unchanged. In the first half of the year, with the continuous effectiveness of real estate regulation policies and the tightening of mortgage loan lines, the sales market and land market were significantly cooled, and the risk problems of individual real estate enterprises were exposed, which further frustrated market confidence. Since the end of September, the central government and various ministries and commissions have frequently released signals of real estate stability maintenance, the end of real estate regulation policies has gradually emerged, and the housing loan policy has continued to release positive signals. The central government continued to promote the improvement of the real estate financial environment. On the premise of ensuring market stability and not changing the general direction of real estate financing policies, it actively provided policy support for real estate enterprises and promoted the resolution of the current frequent liquidity risks of real estate enterprises.
According to the data of the National Bureau of statistics, the national real estate development investment in 2021 was 147602 billion yuan, an increase of 4.4% over the previous year and a decrease of 2.6 percentage points over the previous year. Among them, the residential investment was 111173 billion yuan, an increase of 6.4%. Residential investment accounted for 75.3% of real estate development investment, an increase of 1.5 percentage points over last year. The housing construction area of real estate development enterprises was 975387 million square meters, an increase of 5.2% over the previous year. Among them, the residential construction area was 690319 million square meters, an increase of 5.3%. The new construction area of houses was 198895 million square meters, down 11.4%. Among them, the newly started residential area was 146379 million square meters, down 10.9%. The completed housing area was 101412 million square meters, an increase of 11.2%. Among them, the completed residential area was 730.16 million square meters, an increase of 10.8%. In 2021, the land acquisition area of real estate development enterprises was 215.9 million square meters, a decrease of 15.5% over the previous year; The land transaction price was 1775.6 billion yuan, an increase of 2.8%. The sales area of commercial housing was 179433 million square meters, an increase of 1.9% over the previous year; It increased by 4.6% over 2019, with an average growth of 2.3% in the two years. Among them, the sales area of residential buildings increased by 1.1% over the previous year, the sales area of office buildings increased by 1.2%, and the sales area of commercial business houses decreased by 2.6%. The sales volume of commercial housing was 18193 billion yuan, an increase of 4.8%; An increase of 13.9% over 2019 and an average increase of 6.7% over the two years.
Among them, residential sales increased by 5.3% over the previous year, office building sales decreased by 6.9%, and commercial business housing sales decreased by 2.0%. At the end of 2021, the area of commercial housing for sale was 51.23 million square meters, an increase of 11.73 million square meters over the end of the previous year.
Cement and ready mixed concrete business: the company is the third largest cement industry group in China, with strong regional scale advantages and market control. It is a leader in low-carbon green environmental protection, energy conservation and emission reduction and circular economy in China's cement industry. The cement business insists on Taking Beijing Tianjin Hebei as the core strategic area and continuously extends the layout radius. It is mainly distributed in 13 provinces (municipalities and autonomous regions directly under the central government) including Beijing Tianjin Hebei, Shaanxi, Shanxi, Inner Mongolia, Northeast China, Chongqing, Shandong, Henan and Hunan. The clinker production capacity is about 120 million tons and the cement production capacity is about 170 million tons. With cement as the core, the company forms a complete building materials industry chain supporting upstream and downstream, and extends the internal linkage mechanism of relevant products and services. At present, the production capacity of ready mixed concrete is about 54 million cubic meters, the production capacity of aggregate is 49 million tons, and the production capacity of grinding aids and admixtures is about 240000 tons; The annual disposal capacity of hazardous waste and solid waste is nearly 4.68 million tons (including construction waste). The company adheres to the synchronous promotion of expanding the market and integrating strategic resources, with a total limestone reserve of 1.664 billion tons in Beijing, Tianjin and Hebei.
New building materials and trade logistics business: the company is one of the large-scale industrialized groups in China's green new building materials industry and the leader of the new building materials industry in Beijing, Tianjin and Hebei. Guided by scientific and technological innovation, the company has created a Jinyu Zhizao housing system including five product composite systems: prefabricated concrete building, prefabricated steel structure building, prefabricated exterior wall, industrialized interior decoration and ultra-low energy consumption building, forming a coordinated development pattern of the whole industrial chain. The company's products are widely used in national and key projects in Beijing, Tianjin and Hebei. It is the main supplier of green building materials for the construction of Beijing Olympic venues, the strategic cooperative building materials guarantee supplier for the construction of Beijing Sub Center project and the important product and service supplier for the construction of xiong'an NEW area. The company's equipment business has the whole industry chain service capacity of cement production line from process design, equipment design and manufacturing, construction and installation, production commissioning to spare parts supply, maintenance service and production operation. Under the premise of controllable risks, the commercial logistics industry will improve the supply chain network configuration and asset layout, and continue to do a solid and refined international trade and building materials commercial logistics business. Real estate development business: the company has cultivated real estate development and construction for more than 30 years, has the ability of comprehensive development of multi category real estate projects, and its comprehensive strength ranks in the forefront of the same industry in China. It has won the honor of China's top 100 real estate enterprises for many consecutive years. It is an AAA enterprise with quality reputation and credit, and has high influence and brand awareness in the industry. The company has successively developed and constructed about 170 real estate projects, with a total construction scale of more than 30 million square meters, a total asset scale of more than 150 billion yuan, an annual opening and resumption scale of more than 8 million square meters and an annual sales revenue of 50 billion yuan. By the end of 2021, it has entered 16 cities including Beijing, Shanghai, Tianjin, Chongqing, Hangzhou, Nanjing, Chengdu, Hefei, Qingdao, Tangshan, Haikou and Changzhou, forming a national development pattern of "based on Beijing and radiating the three economic circles of Beijing Tianjin Hebei, Yangtze River Delta and Chengdu Chongqing Economic zone".
Property investment and management business: the company is one of the largest and most diversified holders and managers of investment properties in Beijing. At present, the area of high-end office buildings, commercial and industrial parks and other investment properties held in Beijing and Tianjin is nearly 1.75 million square meters, including 1.1 million square meters of high-end investment properties in Beijing core district; The property management area inside and outside Beijing (including residential areas and bottom businesses) is about 16 million square meters. The specialization ability, brand awareness, rental rate and income level have maintained the leading level in Beijing and even the whole country for many years. 3 main accounting data and financial indicators of the company 3.1 main accounting data and financial indicators in recent three years
Unit: yuan currency: RMB
20212020 compared with 2019 of the previous year
Increase or decrease (%)
Total assets 2863568104415829135238338990 -1.7128212375570833
Attributable to listed companies
Net assets of shareholders of the company 63717492460806337593626102 0.546113119959733
Operating income 1236344481119010800488435135 14.479182931109705
Attributable to listed companies
The net profit of shareholders of the company 293301454476284377251794 3.14369358265445 belongs to the listed company
Net profit of shareholders of the company deducting 168037022450193362009236 -13.10320490660519 non recurring profits and losses arising from operating activities
Net cash flow of 13733868710291545573379109 -11.14952168128781
The weighted average net asset was 4.70 and 4.48, with an increase of 0.22 percent and 6.22 percent yield (%)
Basic earnings per share 0.27 0.27 0.00 0.35 (yuan / share)
Diluted earnings per share 0.27 0.27 0.00 0.35 (yuan / share) 3.2 main accounting data by quarter in the reporting period
Unit: yuan currency: RMB
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business income
