001202SZSE

2021 Annual Work Report of the Board of Directors

Jushen Co., Ltd.·

✨ AI Summary

The report outlines the performance and activities of the Board of Directors of Guangdong Jushen Logistics Co., Ltd. in 2021. The company faced significant challenges, resulting in a 23.48% decrease in revenue to 746 million yuan and a net profit decline of 48.35%. The Board held 16 meetings, focusing on strategic decisions, including land acquisition and financial audits, while emphasizing compliance and governance.

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Full Translation

AI Translation· azure_openai

1. Overview of 2021 Operating Conditions

In 2021, Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company") faced a challenging market environment characterized by significant fluctuations in the non-ferrous metal industry, container shortages, recurring COVID-19 outbreaks, and increasing competition. All employees worked together to ensure stable and normal operations, achieving certain progress. During the reporting period, the Company achieved operating revenue of 746 million yuan, a year-on-year decrease of 23.48%, with warehousing revenue of 121 million yuan, up 48%, and logistics revenue of 625 million yuan, down 30.03%. The net profit attributable to shareholders was 46.619 million yuan, a decrease of 48.35%. As of December 31, 2021, the Company's total assets were 1.028 billion yuan, an increase of 179.73% from the beginning of the year.

2. Daily Work of the Board of Directors in 2021

The Company has 7 board members, including 3 independent directors. The Board has established a Strategy Committee, an Audit Committee, a Nomination Committee, and a Compensation and Assessment Committee, all of which strictly adhere to relevant regulations and effectively enhance the Board's operational standards.

(1) Board Meeting Attendance and Content

In 2021, the Board held a total of 16 meetings, with all convening, proposals, attendance, discussions, voting, and meeting records conducted in accordance with the Company Law, Articles of Association, and Board Meeting Rules. The specific details are as follows:

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