Securities code: Zhejiang Reclaim Construction Group Co.Ltd(002586) securities abbreviation: ST WAIHAI Announcement No.: 2022085 Zhejiang Reclaim Construction Group Co.Ltd(002586) 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. In addition to the following directors, other directors attended the meeting of the board of directors to consider the annual report in person
Name of director not present in person position of director not present in person reason for not attending the meeting name of the entrusted person
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 ST Waihai stock code Zhejiang Reclaim Construction Group Co.Ltd(002586)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Wang Wenqiang Xia shangning
Office address: No. 1009, Guangxian Road, Yinzhou District, Ningbo
Fax: 057483887800
Tel: 057487911788
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
(I) changes and development of macro situation, policies and market demand of the company’s industry
The national economy will continue to recover in 2021, and the expected development goals will be well achieved. According to the relevant data of the national economy in 2021 released by the National Bureau of statistics, the total output value of the national construction industry in 2021 was 293079 billion yuan, a year-on-year increase of 11.0%. In the tertiary industry, infrastructure investment (excluding power, heat, gas and water production and supply) increased by 0.4% over the previous year. Among them, the investment in water conservancy management industry increased by 1.3%, the investment in public facilities management industry decreased by 1.3%, the investment in road transportation industry decreased by 1.2%, and the investment in railway transportation industry decreased by 1.8%. In particular, with regard to the construction of water conservancy infrastructure under the company’s main business, in order to thoroughly implement the idea of “giving priority to water conservation, spatial balance, systematic governance and two hands” of the general secretary of Xi Jinping and the spirit of instructions and instructions in the important speech on water control, governments at all levels attached great importance to water conservancy work, effectively fought floods and droughts and continued to increase investment. China invested 757.6 billion yuan in water conservancy construction throughout the year, It has made water conservancy contributions to the “six stabilities” and “six guarantees” and stabilizing the macro-economy. According to the arrangement of one batch of construction, one batch of commencement, one batch of demonstration and one batch of reserve, all localities have accelerated the construction of water conservancy infrastructure. 67 of 150 major water conservancy projects have been approved and 62 have been started in total. The advantages of large benefits and strong driving force of water conservancy infrastructure investment have been fully demonstrated.
(II) the market competition pattern of the company’s industry, the company’s market position and the company’s advantages and disadvantages
The main business of the company is ecological and environmental protection seawall engineering, river regulation engineering, reservoir engineering, urban flood control engineering, farmland water conservancy engineering, municipal road and bridge engineering, municipal pipe network engineering, landscape greening engineering, housing construction engineering, port and waterway engineering, etc. the business covers professional construction fields such as water conservancy, municipal administration, housing construction, port and navigation, blasting, etc. The company is one of the earliest companies specializing in seawall engineering construction in China. It is in a leading position in the market segment of seawall and river embankment engineering construction, and its professional ability in water conservancy construction is in the forefront of the market.
1. Industry competition
(1) Industry competition pattern and degree of Marketization
With the development of multi ownership engineering construction enterprises and the breaking of cross regional operation obstacles, the seawall construction market has been in a state of complete competition. The undertaking of seawall construction projects is mainly realized through public bidding activities. There is no monopoly in the industry, with a high degree of marketization and low market concentration. From the regional distribution of industry competition, the construction technology, technology and construction force of seawall construction in Zhejiang Province are at the leading level among coastal provinces and cities, and a number of high-quality enterprises in the industry have emerged. In the field of engineering construction, it mainly includes Waihai Co., Ltd., Sinohydro Bureau 12 Co., Ltd., Anhui Water Resources Development Co., Ltd., Guangdong No.2 Hydropower Engineering Company Ltd(002060) etc., and has the strength of cross provincial and municipal bidding; In the field of integration of construction and investment, Waihai shares, China Communications Construction Company Limited(601800) the third channel bureau and the fourth channel bureau, China State Construction Engineering Corporation Limited(601668) etc. have strong influence in the region. At present, more than half of the businesses in Zhejiang Province are undertaken by the above-mentioned enterprises, and the concentration of seawall construction industry in Zhejiang Province is higher than that in other provinces and cities.
(2) Major enterprises in the industry
China’s seawall construction industry has a high degree of decentralization and low market concentration. Including Waihai shares, there are few large-scale enterprises engaged in seawall construction in China, and most of them are part-time enterprises. Key enterprises engaged in the construction of seawall projects in the water conservancy system include Waihai Co., Ltd., Sinohydro Bureau 12 Co., Ltd., Zhejiang first Hydropower Construction Group Co., Ltd., Zhejiang hydropower construction and installation Co., Ltd., China Gezhouba Group Co., Ltd., etc.
2. Market position of the company
At present, the company has obtained a number of general contracting and professional contracting qualifications, such as grade I general contracting of water conservancy and hydropower engineering construction and grade II general contracting of port and waterway engineering construction, and the professional construction force is leading in the industry. Some projects of the company have won “National Gold Award for high-quality projects”, “national top ten achievement awards for scientific and technological construction”, “Luban Award”, “Zhan Tianyou Award”, “100 classic and high-quality projects Award for the 60th anniversary of the founding of new China”, “Dayu Award” and other high-quality projects awards at or above the national, provincial and ministerial levels.
The company has won the titles of “contract abiding and trustworthy” enterprise, national excellent water conservancy enterprise, national excellent construction enterprise, national civilized unit and so on. The company’s registered trademark “likeley” was rated as a famous trademark in Zhejiang Province.
The company has innovated a series of construction processes and technologies, such as the floating transportation and installation process of box culvert sluice, the blasting and silt squeezing embankment construction method on complex soft foundation, and has independently and successfully developed a series of scientific and technological innovation equipment, such as hydraulic split barge, truss earthwork embankment machine, piston sludge long-distance conveying device, deep-water soft foundation treatment ship, which has become the pioneer of independent innovation in the industry. At present, the company has reached the leading level in China in terms of construction technology, technology and construction experience of seawall construction.
3. Competitive advantage of the company
(1) Focus on seawall and obvious scale advantages
Focusing on the theme of “people’s livelihood, economy and ecology” multi-functional seawall construction, after more than 20 years of development, the company has obvious large-scale advantages in the field of seawall engineering construction. In the future, based on consolidating the leading position in the seawall construction industry of the national water conservancy system, the company will continue to adhere to the professional and large-scale business philosophy, expand and strengthen the main business, and actively drive the development of the whole industry through continuous R & D investment.
(2) Continuous innovation and leading technology
Since its establishment, adhering to the development concept of “science and technology first”, the company has established a research and development team, summarized experience in the perennial practice of seawall construction, continuously innovated and improved the construction technology, improved the construction efficiency and saved the construction cost. The R & D team of the company has made 29 technical achievements, reaching the leading level in China and the international advanced level; Three construction methods were rated as national construction methods, two construction methods were rated as provincial construction methods in Zhejiang Province, and 20 construction methods were awarded the construction method certificate of water conservancy and hydropower projects issued by China Water Conservancy Engineering Association. The company has formed core technical advantages in the field of large-scale low coating and ultra soft foundation and deep-water seawall construction. It has successfully applied and innovated new technologies and processes such as deep hole millisecond blasting and deep-water blasting tamping, and the process level is in the leading position in the industry.
(3) Independent research and development, advanced special equipment
According to the needs of seawall construction, the company has independently developed hydraulic split barge and truss earthwork embankment 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 retroactively adjust or restate the reasons and correct accounting errors
Unit: Yuan
At the end of 2020, the end of this year is higher than that at the end of 2019 of last year
Increase or decrease at the end of 2021
Before adjustment after adjustment after adjustment before adjustment after adjustment
Total assets 88812467648,129486,565. 8,242208,932. 7.75% 9,427880,303. 9,922144,587. 39 42 64 88 06
Net capital attributable to shareholders of the listed company 35772648053,227585,032. 3,340307,399. 7.09% 3,556233,820. 4,050498,104. Production 57 46 68 95 13
In 2020, this year increased by 2019 over the previous year
Less in 2021
Before adjustment after adjustment after adjustment before adjustment after adjustment
Operating income: 25807293891,975083,077. 2,150644,279. 20.00% 3,437604,134. 3,437604,134. 20 40 16 27 27
Net profit attributable to shareholders of the listed company -2737502832 -2717372953 -4103490549 93.33% – 1 Guobang Pharma Ltd(605507) 799- 1,111243,515. Run 3 0 16 98
Net profit attributable to non recurring shareholders of the listed company decreased from -869964% to -374904.684% of the net profit attributable to non recurring shareholders of the listed company
Net cash flow from operating activities 1 Poly Union Chemical Holding Group Co.Ltd(002037) 727810320694485789248816116961% – 7292353612 – 7292353612
Basic earnings per share (yuan / share) -0.0239 -0.24 -0.3586
