Securities code: Palm Eco-Town Development Co.Ltd(002431) securities abbreviation: Palm Eco-Town Development Co.Ltd(002431) Announcement No.: 2022035
Palm Eco-Town Development Co.Ltd(002431) 2021 annual report summary I. important tips: the summary of this annual report is 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 carefully read the full text of the annual report in the media designated by the CSRC. All directors attended the meeting of the board of directors to consider this annual report. Tips on non-standard audit opinions □ applicable √ not applicable to the profit distribution plan of ordinary shares or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors □ applicable √ not applicable. The company plans not to distribute cash dividends, bonus shares or convert accumulation fund into share capital. Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Palm Eco-Town Development Co.Ltd(002431) stock code Palm Eco-Town Development Co.Ltd(002431)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Chen Sisi, Liang Lifen
Office address: 25 / F, building B, Fuli Yingsheng Plaza, No. 16, Machang Road, Tianhe District, Guangzhou
Fax 02085189 Shenzhen Zhongheng Huafa Co.Ltd(000020) 85189000
Tel: 02085189 Zhejiang Jingxin Pharmaceutical Co.Ltd(002020) 85189003
E-mail Palm Eco-Town Development Co.Ltd(002431) @palm -la. com. Palm Eco-Town Development Co.Ltd(002431) @palm -la. com.
2. Introduction to main business or products during the reporting period
(I) main business and business model of the company
1. Ecological environment business
The company has been deeply engaged in ecological environment construction for more than 30 years, and has formed a comprehensive construction platform of the whole supply chain integrating planning, design and ecological environment engineering construction. Ecological environment business is mainly divided into design and engineering construction.
(1) Engineering construction business mode: the company actively obtains engineering business orders through market-oriented competition and bidding throughout the country, completes the survey, design, procurement, construction and operation of the project in the modes of EPC, BOT or PPP agreed in the contract according to different types of projects, and is responsible for the later maintenance or operation of the project. The project construction business model of the company is relatively mature, which can be roughly divided into project information collection, bidding organization, task implementation after winning the bid, project completion acceptance, settlement, post maintenance and other stages.
(2) Design business model: the company's design business model is mainly divided into customer direct entrustment model and public bidding model. The customer direct entrustment mode mainly includes three situations: first, the listed company directly entrusts the design sector to carry out relevant business; Second, after the company obtains the project information and makes preliminary contact with the customer, the customer comprehensively evaluates the company's performance ability, and directly entrusts the company to undertake the project through the project service proposal, conceptual design scheme, etc; Third, the customer determines that the company meets the customer's design requirements through field investigation of the company's design projects, so as to select the company as the project design unit. Public bidding mode means that the company obtains project bidding information through open market channels, participates in competition and obtains business opportunities in a market-oriented manner on the premise of meeting laws, regulations and relevant customer procurement policies.
The company's design business process mainly includes: business undertaking, organizing bidding, organizing the team to participate in the specific implementation of the project, project completion acceptance (submitting design drawings, cooperating with construction and landing), project settlement and other stages.
2. Eco town business
During the reporting period, the company practiced the green development concept of "green water and green mountains are golden mountains and silver mountains", took "operation first, content as the soul and construction guarantee" as the development logic, combined with the local actual situation, provided a one-stop ecological town solution based on top-level planning, design and construction, industrial introduction and comprehensive operation, and initially formed four product lines of ecological town business - Rural Revitalization, urban renewal, cultural and business appearance and scenic spots, Service types include "planning and positioning + planning and design + Construction Management + Operation Management + Property Management + investment operation + hotel management + intelligent management". At the same time, the company strengthened the asset light operation ability of ecological towns, continued to deepen and optimize the operation mode of the whole industrial chain of ecological towns by building an asset light operation platform, and promoted the comprehensive progress of ecological town business towards platform, asset light and multi-point profitability.
Eco town business model: after years of exploration, the company has basically formed a relatively perfect eco town business model. According to the process, it can be roughly divided into four stages: Eco town business undertaking, construction supporting, industrial introduction and operation management.
Figure: business model of ecological town
During the reporting period, the company's main business and business model did not change.
(II) macroeconomic environment and development trend of the company's industry
According to the industry classification guidelines of listed companies, the company belongs to "construction industry E48 civil engineering construction industry".
The construction industry is one of the important pillar industries driving the development of the national economy. It has a huge market scale and has maintained a relatively steady growth trend. According to the data disclosed by the National Bureau of statistics, the national fixed asset investment (excluding farmers) in 2021 was 544547 billion yuan, an increase of 4.9% over the same period last year. With the proposal of the CPC Central Committee on formulating the 14th five year plan for national economic and social development and the long-term goal of 2035 (hereinafter referred to as the 14th five year plan) and other major national economic plans, as well as the keynote of the central economic work conference, infrastructure construction will still be an important part of national economic development in the future. With the gradual adjustment and upgrading of the industrial structure of the national economy, the structure of the construction industry will also be continuously optimized. The introduction of important documents such as the 14th five year plan for building energy conservation and green building development has accelerated the integration of the construction industry into the concept of green building. In addition, with the full implementation of the Rural Revitalization Strategy, the State Council has successively issued No. 1 central document, such as the opinions on comprehensively promoting rural revitalization and accelerating agricultural and rural modernization, and the opinions on doing a good job in the key work of comprehensively promoting rural revitalization in 2022. The development of rural revitalization business has gradually become one of the key strategic directions of relevant construction enterprises.
Generally speaking, China's demand for infrastructure, municipal engineering, rural revitalization, livelihood security and other construction fields is still large. The overall prosperity of the construction industry is good, and construction enterprises have the basic conditions for stable development.
The eco town project invested or operated by the company involves the culture and tourism industry. In recent years, with the rapid growth of China's economy and the substantial increase of residents' per capita disposable income, China's tourism industry has ushered in vigorous development. Tourism income has maintained a rapid growth rate higher than GDP growth, and its comprehensive contribution to GDP has increased year by year. According to the statistics of the Ministry of culture and tourism of China, China's tourism market continued to grow steadily from 2010 to 2019. In 2019, the number of Chinese tourists exceeded 6 billion, reaching 6.006 billion, an increase of 8.43% year-on-year over 2018; In 2019, China's total tourism revenue was 6.65 trillion yuan, a record high. Although the tourism industry has been directly impacted by the persistence of covid-19 pneumonia since 2020, thanks to China's active implementation of scientific epidemic prevention and control measures, the epidemic has been effectively controlled, and China's tourism industry has gradually warmed up. According to the data released by the Ministry of culture and tourism in January 2022, the total number of tourists in China in 2021 was 3.246 billion, an increase of 12.8% over the same period in 2020, China's tourism revenue (total tourism consumption) was 2.92 trillion yuan, an increase of 31.0% over the same period last year.
(III) industry position and advantages of the company
After 37 years of development, the company's main business has covered the planning and design, supporting construction, industrial planning and operation of urban and urban infrastructure; Ecological environment treatment and soil remediation; Landscape engineering construction and landscape maintenance; Tourism resources development; Tourism project planning, operation, construction and management. Its business scope covers the Guangdong Hong Kong Macao Great Bay area, the Yangtze River Delta economic belt, the Yellow River Basin, Chengdu Chongqing urban agglomeration, Hainan Free Trade Zone, the the Belt and Road, national new areas and other national key areas. The company has completed the construction of a first-class "planning design construction integration" construction platform for the whole product line from capital construction to gardens, and then to engineering construction. It has a number of important qualifications, such as first-class qualification for general contracting of construction engineering, first-class qualification for general contracting of municipal public engineering, special first-class qualification for landscape engineering design, second-class qualification for general contracting of water conservancy and Hydropower Engineering, and its business scope covers more than 30 provinces and autonomous regions in China, It provides high-quality services for many enterprise customers and local government customers, and establishes a good brand image of "palm".
In 2014, guided by the national strategy of "new urbanization and ecological civilization construction", the company took the lead in stepping into the business field of ecological towns, took the opportunity of the ecological town pilot project built in Guangxi, Guiyang and Meizhou, explored the development mode of ecological towns, and achieved good results. In recent years, with the gradual maturity of ecological town model and business form, the company has established the development goal of "focusing on platform, asset light and multi-point profitability", promoted the external replication and output of ecological town model, and took the lead in promoting the implementation of asset light operation projects in Henan, Jiangsu, Shanghai and other regions, so as to promote the company's ecological town business into a new stage of development.
During the reporting period, the company strengthened the coordination with the controlling shareholders and began the national development layout with Henan region as the center. As a state-owned holding enterprise, the company continues to rely on the dominant position of controlling shareholders in resources, platforms and other aspects, focus on the development of main business, accelerate the pace of mixed ownership reform of state-owned enterprises, and further improve the comprehensive strength of the company.
3. Main accounting data and financial indicators (1) whether the company needs to retroactively adjust or restate the accounting data of previous years in recent three years □ yes √ no
Unit: Yuan
By the end of 2021, by the end of 2020, by the end of this year compared with the end of last year, by the end of 2019
Increase or decrease
Total assets 17681727368471645360244420 7.46% 1719513792278
Net assets attributable to shareholders of listed companies 380056797574456096303921 - 16.67% 457554375764
20212020 year-on-year increase or decrease 2019
Operating income 404589345839482115380069 - 16.08% 270882516713
Net profit attributable to shareholders of listed companies -754098535964424211089 -180448% - 98145034487
Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of -70981113737 -27189704307 -161.06% - 108558280080
Net cash flow from operating activities -339257116419067635639 -474.14% - 24228925307
Basic earnings per share (yuan / share) -0.51 0.03 -180000% - 0.66
Diluted earnings per share (yuan / share) -0.51 0.03 -180000% - 0.66
Weighted average return on net assets -18.04%, 0.97% - 19.01% - 19.40%
(2) Quarterly main accounting data
Unit: Yuan
First season
