Chongqing Road & Bridge Co.Ltd(600106) : strengthen the management of foreign investment, and increase the net profit after deducting non-profit by 33% in 2021

On April 14, Chongqing Road & Bridge Co.Ltd(600106) ( Chongqing Road & Bridge Co.Ltd(600106) ) released the annual report of 2021. The company achieved an operating revenue of 165 million yuan, a year-on-year decrease of 18.32%; The net profit attributable to the parent company was 256 million yuan, a year-on-year increase of 12.54; The net profit after deducting non-profit was 250 million yuan, a year-on-year increase of 33.37%; The basic earnings per share was 0.19 yuan, a year-on-year increase of 11.76%.

The announcement said that in 2021, in the face of the current situation of shrinking assets and continuous decline in main business income, the company carefully organized, made overall consideration, strengthened the operation and maintenance management of existing facilities, and ensured the good operation of relevant facilities; Strengthen the management of foreign investment, ensure the preservation and appreciation of the company's investment and obtain better investment income. Strengthened the management of the company's compliance risk and effectively safeguarded the interests of shareholders.

During the reporting period, the company realized an investment income of 205 million yuan, a year-on-year increase of 20.18%. Bank Of Chongqing Co.Ltd(601963) was successfully listed on the Shanghai Stock Exchange in February 2021. The company held 171 million shares, accounting for 4.93%. The company received about 63.91 million yuan of dividends. By the end of the reporting period, the market value of Bank Of Chongqing Co.Ltd(601963) shares held by the company was about 1.525 billion yuan. As the covid-19 epidemic has been well controlled this year, the toll income of the company's joint-stock enterprise Yufu Expressway Co., Ltd. has recovered. The company is expected to have a total operating income of about 1.089 billion yuan and a net profit of 390 million yuan. The urban investment gold card of the joint-stock enterprise completed the introduction of "China Power System" in April 2021, and its total share capital increased to 446 million yuan, accounting for 2.31% of the company. The equity participation fund "Chongqing lianshun venture capital fund partnership (limited partnership)" has completed 7 investment projects, with a cumulative investment amount of about 185 million yuan. In 2021, one project was withdrawn and an investment income of 2.24 million yuan was obtained; Another investment project has hired a securities firm to guide the share reform, and the other projects will exit in the form of repurchase or equity transfer according to the specific situation.

In 2022, the company expects to achieve a revenue of 330 million yuan, a cost of 20 million yuan and a period cost of 100 million yuan. The company said that it will continue to take the development strategy as the core, reasonably allocate the company's resources, optimize operation, further control costs and expenses, and realize the steady development of the company's businesses and maximize the interests of shareholders.

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