Songcheng Performance Development Co.Ltd(300144)
Work report of the board of directors in 2021
In 2021, the board of directors of the company carried out all work around the annual business objectives of the company in strict accordance with the provisions of the company law, the securities law, the guidelines for the standardized operation of companies listed on the gem of Shenzhen Stock Exchange, the articles of association and the rules of procedure of the board of directors. With the attitude of being responsible to shareholders, all directors of the company earnestly performed the duties entrusted by the general meeting of shareholders, continued to standardize corporate governance, performed various works with due diligence and diligence, and safeguarded the rights and interests of the company and shareholders. The work report of the board of directors in 2021 is as follows:
1、 Operation in 2021
2021 is the first year of the 14th five year plan. China’s economic development and epidemic prevention and control remain a global leader. However, the impact of the Centennial changes and the epidemic situation in the 21st century is far greater than expected: on the one hand, covid-19 virus continues to mutate, sporadic cases highly challenge the dynamic clearing policy, and the epidemic prevention and control has turned to normalization; On the other hand, the instability of the global pattern continues to enhance residents’ sense of hardship and affect the recovery of consumer confidence. The complex and changeable external environment affects the consumption demand and normal operation of the cultural tourism industry, resulting in difficulties in the recovery of the industry.
Facing the complex environment and various challenges outside China, the company keeps in mind its vision and mission, adheres to integrity and extraordinary, innovative development, gives full play to its competitive advantages, reasonably and effectively arranges the business rhythm of various projects, and shows the strong flexibility and toughness of “sunshine is brilliant”. During the reporting period, the company achieved an operating revenue of 1184864600 yuan, an increase of 31.27% over the same period last year; The net profit attributable to the shareholders of the listed company was 3151308 million yuan, an increase of 117.98% over the same period last year; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 2678097 million yuan, an increase of 115.15% over the same period last year.
The century changing situation and the century epidemic situation are expected to continue to evolve, the stress test will continue to increase, and various risks and challenges will become more long-term and complex. The company has a clear understanding of this and is ready to fight a protracted war. Facing the uncertainty of the future, the company should not only preserve its strength, but also maintain its development, and do something or not. During the reporting period, the company continued to adjust the spatial layout, innovate and enrich the content, optimize the line trend, promote the breakthrough and upgrading of the mode of the Performing Arts Park, and lay the foundation for the company’s short-term resumption of operation; Comprehensively dispatch and integrate advantageous resources, increase investment, accelerate the pace of building a science and technology song city, and provide guarantee for the medium-term development of the company; Strengthen the study and judgment of the situation, think deeply and summarize, carry out drastic integration and optimization from the aspects of industrial layout, project layout and asset light expansion, and speed up the implementation of platform development strategy to serve the company
Make adequate preparations for long-term development; Comprehensively reconstruct the organizational structure, personnel structure and management process, strengthen refined operation management, and escort the comprehensive development of the company.
2、 Work of the board of directors in 2021
(I) convening of the board meeting
During the reporting period, the board of directors of the company held 5 meetings of the board of directors. The specific contents are as follows:
No. time meeting name deliberation
1. Proposal on 2020 president’s work report
2. Proposal on 2020 financial final accounts report
3. Proposal on 2020 profit distribution plan
4. Proposal on full text and summary of 2020 Annual Report
5. Proposal on 2020 annual audit report
6. Proposal on the work report of the board of directors in 2020
7. Proposal on self evaluation report on internal control in 2020
8. Proposal on the appointment of audit institutions in 2021
1. Proposal on the expiration of the term of office of independent directors and by election of independent directors at the 9th session of the 7th board of directors in April 2021
10. Proposal on changing the Secretary of the board of directors at the 10th meeting on June 22
11. Proposal on signing cooperation agreement between dumuqiao travel agency, first World Hotel and Songcheng industry
12. Proposal on signing house lease contract between Hangzhou paradise and first World Hotel
13. Proposal on the provision for asset impairment
14. Proposal on changes in accounting policies
15. Proposal on the full text of the first quarter report of 2021
16. Proposal on convening the 2020 annual general meeting of shareholders
2. Proposal of the 11th meeting of the 7th board of directors on June 21, 2021 on continuing to use idle self owned funds to invest in Securities and financial products.
1. Proposal on Amending the articles of Association;
2. Proposal on Amending the rules of procedure of the general meeting of shareholders
3. Proposal on Amending the rules of procedure of the board of directors
3. Proposal on Amending the management system for the use of raised funds at the 4th session of the 7th board of directors in August 2021
The 12th meeting on November 11 5. Proposal on Amending the subsidiary management system
6. Proposal on Amending the external guarantee management system
7. Proposal on Amending the related party transaction management system
8. Proposal on convening the first extraordinary general meeting of shareholders in 2021
4. Full text and summary of the 1st and 2021 semi annual report of the 7th board of directors in August 2021
13th meeting 26 June
5. Full text of the first report of the 7th board of directors and the third quarter report of 2021 in October 2021
14th meeting 22 May
(II) implementation of resolutions of the general meeting of shareholders by the board of directors
During the reporting period, the company held two general meetings of shareholders. The board of directors of the company performed its duties in accordance with the company law, the securities law and other laws and regulations and the articles of association, and earnestly implemented various proposals considered and adopted by the general meeting of shareholders in strict accordance with the resolutions and authorization of the general meeting of shareholders.
(III) performance of duties of special committees under the board of directors
1. Performance of the audit committee
According to the working rules of the audit committee of the board of directors, the audit committee has given full play to its role of audit and supervision, and is mainly responsible for the financial supervision and verification of the company and the communication and coordination with external audit institutions. The audit committee has checked the internal control of the company in 2021 and believes that the internal control system established by the company complies with the provisions of relevant laws and regulations and can effectively control relevant risks. In 2021, the audit committee focused on the company’s regular financial reports, production and operation control and other matters. The audit committee summarized and evaluated the work of the accounting firm engaged in the annual audit of the company, and put forward suggestions on the renewal of the accounting firm.
2. Performance of remuneration and assessment committee
During the reporting period, the remuneration and assessment committee of the board of directors of the company performed its duties diligently and standardized the operation of the company in accordance with relevant laws and regulations, the articles of association and the rules of procedure of the remuneration and assessment committee of the board of directors. 3. Performance of the nomination committee
During the reporting period, the nomination committee of the board of directors actively performed its duties in accordance with relevant laws and regulations, the articles of association and the rules of procedure of the nomination committee of the board of directors, reviewed the qualifications of candidates for directors and senior managers, and provided support for the construction of talent team for the sustainable development of the company.
4. Performance of the strategy committee
During the reporting period, the strategy committee of the board of directors reviewed and summarized the implementation of the company’s strategy in accordance with relevant laws and regulations, the articles of association and the rules of procedure of the strategy committee of the board of directors, conducted timely strategic planning research according to the industry and market situation of the company, and put forward valuable opinions on the implementation of the development strategy according to the actual situation of the company.
3、 Performance of duties of independent directors in 2021
During the reporting period, the independent directors of the company faithfully and diligently performed the duties of independent directors in strict accordance with the relevant provisions of laws, regulations and rules, such as the company law, the securities law, the Listing Rules of the gem of Shenzhen Stock Exchange, the guidelines for the standardized operation of companies listed on the gem of Shenzhen Stock Exchange, the articles of association and the working system of independent directors During their respective terms of office, Mr. Yang Yiqing and Ms. Yu qinyi personally attended the meetings of the board of directors and the special committee of the board of directors held by the company. They were not absent. They carefully considered various proposals of the board of directors, expressed independent opinions on relevant matters, and raised no objection to the matters considered by the board of directors. Professional suggestions on the improvement of the company’s system and daily business decisions were put forward and adopted by the company, which gave better play to the role of independent directors, played a positive role in the benign development of the company, and effectively safeguarded the interests of the company and shareholders, especially small and medium-sized shareholders.
4、 Business plan for 2022
The company will focus on the development strategic objectives, concentrate, explore and innovate in a complex and severe environment, unswervingly follow the “song city model”, and always be the pioneer and leader of Chinese theme parks, the inheritor and disseminator of Chinese culture. The company’s business plan for 2022 is as follows:
1. Promote the mode of performing arts park to a new level
The company will take Shanghai qiangu scene area as the starting point, take the repertoire and content construction as the core, take the hardware and atmosphere construction, spatial layout and route planning as the two wings, comprehensively improve and transform local projects, strengthen the attributes of large performing arts and scenic spots, and improve the carrying capacity and anti risk ability of each project.
Always implement the concept of constant change and constant innovation, focus on promoting the upgrading and improvement of the “eternal love” series, and constantly ensure the long-lasting vitality of the “eternal love” series through micro innovation; Expand parent-child drama, catering show, outdoor performance, interactive performance, immersive performance and scientific and technological trend performance, and form a rich and diversified innovation content matrix; Plan and carry out various themed festival activities in combination with regional, seasonal, seasonal and other factors to meet the diversified needs of all-weather people. Focus on increasing the proportion of outdoor content and prolonging the duration of outdoor travel, make persistent efforts to improve, further build high-quality scenic spots and provide high-quality services. To embrace the transformation and convenience of technology, and enhance the enthusiasm of playing with the Internet.
2. Give full play to advantages and create a new engine for scientific and technological growth
Step up the implementation of digital transformation of scenic spots, further strengthen the application of scientific and technological means in theme parks and live performance scenes, develop and launch more products and scenes integrating art and technology, promote the combination of technology and art, technology and performance, enhance the tourist experience, and let the company comply with the wave of science and technology and glow with new style.
In particular, we should give full play to the company’s rich experience in the deep integration of cultural creativity and science and technology, strengthen the exploration and R & D of the application of metauniverse in theme parks and live performances through the dual engine drive of “strategic investment + resource integration”, and accelerate the development of independent products with emerging technologies such as VR, AR, holography, light and shadow as the core. Realize the landing and large-scale sales of science and technology projects, seize the opportunity, quickly grow into China’s leading supplier of in-depth integration of cultural creativity and science and technology, and create a new engine for the company’s scientific and technological growth.
3. New business form of integrated resource Incubation Platform
Promote business model innovation and upgrading. Integrate and connect the upstream and downstream around the core advantages, build a new value network and industry order, open up the Second World War line, layout the company’s business with platform companies one by one, revitalize internal resources, tap new market demand, new consumption momentum and new business model, and explore the construction of a “new song city model” with complete connection of supply chain, industrial chain and scene chain.
In the face of adverse external environment, prepare for the worst and prepare for the best. Adjust the expansion speed according to the situation, strengthen communication and external cooperation between all parties, do a good job in the transfer cooperation and cultivation development of Zhuhai and Australia projects, and explore more diversified project cooperation development modes and operation modes on this basis. Through these adjustments, the company’s finance is safer, its business is healthier, its position is more flexible, and it can deal with the epidemic calmly
