Legend Holdings: Remaining True to the Original Aspiration, Leading by Technology, and Serving the Country through Industry
Continuously Increasing Investment in Science and Technology Innovation and Strengthening the Fulfillment of Corporate Social Responsibilities
Legend Holdings 2021 Revenue and Net Profit Attributable to Equity Holders of the Company Achieved a New High
HONG KONG - 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."
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.
Mr. Li Peng, Executive Director and CEO of Legend Holdings, stated, "In 2021, a number of policies have been introduced by the Nation to promote economic development, providing a favorable ground for the sustainable development of enterprises. Based on in-depth study of national strategies and industrial policies, Legend Holdings carefully studied the results and deficiencies in its work, further clarified its future direction, actively responded to changes in the external environment such as the pandemic and dynamically adjusted its business strategies and achieved good results. On the one hand, the company continues to strengthen its foothold in the focused key industries, focusing on developing pillar businesses across industries. On the other hand, it proactively promoted the digital transformation and upgrading of its subsidiaries, increased investment in the field of scientific and technological innovation, and established an innovation and development center in Legend Holdings in order to systematically study the domestic and international innovation trends and the advanced technologies in related science and technology fields, seeking new breakthroughs in high-tech
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LEGEND HOLDINGS CORPORATION 
