Hunan Development Group Co.Ltd(000722) : the revenue reached a five-year high in 2021, and the three main businesses were accelerated in 2022

On April 20, Hunan Development Group Co.Ltd(000722) held the 2021 annual general meeting of shareholders. Liu Zhigang, President of the company, said at the shareholders' meeting: in 2021, the company continued to consolidate the foundation of hydropower business, actively explore new energy investment opportunities, accelerate the layout of pension industry, orderly extend the upstream and downstream industrial chain of sand and gravel, achieve varying degrees of growth in clean energy, medical care and health and natural resources, and its revenue reached a new high in five years.

Hunan Development Group Co.Ltd(000722) annual report shows that in 2021, the company achieved an operating revenue of 478 million yuan, a year-on-year increase of 53.88%; The net profit was 120 million yuan, a year-on-year increase of 22.32%; The basic earnings per share was 0.26 yuan / share, a year-on-year increase of 23.81%.

the first main business has stable performance

Hunan Development Group Co.Ltd(000722) relevant person in charge said that clean energy is the first main business of the company. In recent years, faced with adverse factors such as epidemic situation, uneven water supply and power system reform, the company has long taken "seeking progress while maintaining stability" as the key route of the clean energy sector. In recent three years, the sales revenue has been stable and the gross profit margin has been maintained at more than 52%, which is the development basis and important cash flow pillar of the company's business layout.

In 2021, Hunan Development Group Co.Ltd(000722) took Hunan Development Group Co.Ltd(000722) hydropower company as the platform to operate and manage Zhuzhou avionics and Niaodao hydropower stations in Hunan. Through scientific dispatching and fine management, the two hydropower stations have maintained high water energy utilization rate and stable overall performance. Last year, 783.35 million kwh of power generation was completed and 770.18 million kwh of on grid power was realized, an increase compared with the same period in 2020. During the year, the company's clean energy business segment achieved a total operating revenue of 196 million yuan, a slight increase year-on-year.

It is worth noting that in February of this year, Hunan Development Group Co.Ltd(000722) . The total installed capacity of the project is planned to be 4.45 MW, and it is expected to be fully connected to the grid for power generation within this year.

Hunan Development Group Co.Ltd(000722) relevant person in charge disclosed that in the next step, the company will focus on seeking investment opportunities in other photovoltaic industries, focus on distributed photovoltaic development and actively explore centralized photovoltaic development.

medical care and health sector advances steadily

Based on the steady development of clean energy business, Hunan Development Group Co.Ltd(000722) since 2013, it has gradually laid out medical care and health care, and launched its second main business in an orderly manner. The company mainly takes Hunan Development Group Co.Ltd(000722) elderly care company as the platform to undertake the operation of community home-based elderly care service centers in the province in the way of "public construction and private construction".

In 2021, Hunan Development Group Co.Ltd(000722) based on the home-based elderly care business, continued to expand the market scale, added 20 community home-based elderly care service centers with contracted service places, and launched 13 new operations.

By the end of 2021, the company had signed 66 community home-based elderly care service centers equipped with service places and optimized the operation of 58 community home-based elderly care service centers. During the reporting period, the revenue of the medical care and health business segment increased by more than 20% year-on-year.

In order to deepen the layout of medical care and health industry, the company set up a new subsidiary Hunan carnation Elderly Care Research Institute Co., Ltd. with Carnation company, a well-known medical care combination industry group in Hunan in 2021. It plans to carry out elderly care, elderly care research and elderly care training around institutional elderly care.

The relevant person in charge of the company said that with the steady progress of the construction of carnation elderly care research institute, institutional elderly care, as a "complementary" sector of home-based elderly care business, is expected to release synergy in the future and help Hunan Development Group Co.Ltd(000722) build a medium and high-end elderly care brand.

improve the natural resources industry chain

According to the annual report, in 2021, Hunan Development Group Co.Ltd(000722) natural resources achieved an operating revenue of 269 million yuan, a year-on-year increase of 141.90%, which is an important increment of the company's performance in 2021.

Hunan Development Group Co.Ltd(000722) relevant person in charge said that the company has successfully intervened in the natural resources business sector through sand and stone sales since 2020. In 2021, the company continued to actively expand procurement channels, improve market sales share, realize steady operation of sand and gravel sales business, and complete the sales of river sand and river pebbles totaling nearly 7.62 million tons.

"At present, Hunan Development Group Co.Ltd(000722) has carried out a new round of expansion and layout for the natural resources sector." The person in charge said.

According to the person in charge, the company is actively improving the upstream and downstream industrial chain based on sand and stone sales. In 2021, Hunan Development Group Co.Ltd(000722) newly established subsidiary Hunan Development Group Co.Ltd(000722) qionghu building materials and associated company Hunan Development Group Co.Ltd(000722) qionghu sand and gravel distribution center will carry out machine-made sand processing and production business and sand and gravel distribution center business respectively. It is expected to be put into operation within the year, forming an upstream and downstream industrial chain supporting the company's sand and gravel sales business.

For the future industrial layout, Liu Zhigang said that during the "14th five year plan" period, the company will firmly take clean energy as the foundation, take medical care and health as the direction, take the development of natural resources as the support, take equity investment as the supplement, three main businesses, four sectors and four teams, take realizing the high-quality development of the company as the main line of work, and build a listed enterprise focusing on health and green industries.

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