Continuously Increasing Investment in Science and Technology Innovation and Strengthening the Fulfillment of Corporate Social ResponsibilitiesLegend Holdings 2021 Revenue and Net Profit Attributable to Equity Holders of the Company Achieved a New High
Legend Holdings Corporation (3396.HK) announced today the audited annual results of the 12 months ended December 31, 2021("Reporting Period"). In 2021, the Company's revenue was RMB489.872 billion, representing a year-on-year increase of 17%; net profit attributable to equity holders of the Company amounted to RMB5.755 billion, representing a year-on-year increase of 49%. The Company's results grew steadily to a new record high.
"In 2021, global economic growth has slowed down significantly and the global situation is complex and volatile. But under the strong leadership of the Communist Party of China, China's economy has stabilized and recovered, and the economic structure has continued to be optimized, further strengthening confidence and clarifying the direction for future development." said Mr. Ning Min, Chairman and Executive Director of Legend Holdings, "As the Company completed the intergenerational transition in 2019, the new generation of management once again emphasized the importance of upholding the original aspiration of entrepreneurship. As the Company continues to solidify the basic foundation, it forges ahead and integrates the development of the company into the bigger picture of the country's macro development blueprint. In the past two years, the Company has been on the ground with sound results, and more importantly, through continuous summary, reflections and reforms, it has further clarified the responsibility that the Company should take in the new era and the direction of its future development."
Ning Min said that Legend Holdings will further emphasize the leadership of scientific and technological innovation, adhere to the building of industrial base. And it will continue to enhance the support for Specialized, Fined, Peculiar and Innovative (SFPI) enterprises, as well as actively fulfill corporate social responsibilities to a higher degree.
Based on the corporate vision of "serving the country through industry ", the long-term goal of cultivating pillar industries, and the practical experience accumulated over the years, Legend Holdings has reorganized its business and has identified two business segments, namely industrial operations and industrial incubations and investments, in order to allocate resources more rationally, realize long-term value growth of the company through effective control and service mode, and promote industrial progress and technological innovation.
During the Reporting Period, the business foundation of industrial operations segment was further strengthened, with revenue of RMB486.004 billion and net profit attributable to equity holders of the Legend Holdings of RMB5.857 billion, both of which reached record highs. The industrial incubations and investments segment achieved RMB1.540 billion in the net profit attributable to equity holders of Legend Holdings, and a number of outstanding or promising enterprises emerged, which are one of the important sources of value growth for the Company.
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