Financial Performance - In 2021, the company achieved operating revenue of 4.127 billion RMB, a year-on-year increase of 57.04%[3] - The compound annual growth rate of operating revenue from 2015 to 2021 reached 37.32%[3] - The company's operating revenue for 2021 was ¥4,126,742,466.54, representing a 57.04% increase compared to ¥2,627,883,627.26 in 2020[24] - The net profit attributable to shareholders for 2021 was ¥647,269,132.32, a 45.96% increase from ¥443,461,223.30 in 2020[24] - The net profit after deducting non-recurring gains and losses was ¥575,550,871.51, up 57.29% from ¥365,917,805.02 in 2020[24] - The total assets at the end of 2021 reached ¥7,238,621,058.07, a 30.25% increase from ¥5,557,614,837.17 at the end of 2020[24] - The net assets attributable to shareholders increased by 19.92% to ¥5,188,688,756.75 at the end of 2021 from ¥4,326,748,152.09 at the end of 2020[24] - The basic earnings per share for 2021 was ¥1.5271, reflecting a 41.33% increase from ¥1.0805 in 2020[24] - The diluted earnings per share for 2021 was ¥1.5023, a 40.80% increase compared to ¥1.0670 in 2020[24] - The net cash flow from operating activities for 2021 was ¥139,090,537.49, a decrease of 59.25% from ¥341,332,453.90 in 2020[24] - The company reported a quarterly revenue of ¥1,454,533,872.30 in Q4 2021, the highest among the four quarters[26] Revenue Breakdown - The intelligent software business generated revenue of CNY 163,087.51 million, reflecting a growth of 40.33% year-on-year[40] - Revenue from terminal manufacturers amounted to CNY 105,430.06 million, increasing by 47.88% year-on-year[40] - Revenue from chip manufacturers was CNY 36,857.09 million, showing a growth of 4.83% year-on-year[40] - The embedded system software revenue reached CNY 842.5 billion, with a year-on-year growth of 19.0%[33] - The company's intelligent connected vehicle business achieved revenue of 1,224.03 million yuan, a year-on-year increase of 58.91%[47] - Software development and technical service revenue accounted for 1,082.37 million yuan, while software licensing revenue was 141.66 million yuan[47] - The intelligent IoT business generated revenue of 1,271.84 million yuan, reflecting a year-on-year growth of 82.87%[53] Strategic Focus and Innovation - The company plans to continue focusing on operating system and middleware technology to enhance customer value and technological innovation[5] - The company aims to support product development in areas such as autonomous driving, multi-domain integration, and edge computing[5] - The company emphasizes collaboration with global partners to strengthen customer support and expand market share[5] - The company is committed to building a globally leading distributed intelligent IoT ecosystem platform[5] - The company continues to embrace open-source technology to enhance its operational capabilities[3] - The company focuses on smart operating systems, including Linux, Android, RTOS, and HarmonyOS, to drive innovation in smart software and connected vehicles[35] - The company emphasizes a "technology-driven, ecosystem-oriented, and globalization" strategy to strengthen its competitive edge in the smart operating system market[36] - The company is focused on creating differentiated solutions for OEM clients in the smartphone and smart terminal industries, enhancing competitive advantage[43] Research and Development - The company has expanded its team to over 10,000 members, reflecting its growth and commitment to innovation[2] - The number of R&D personnel increased to 10,350 in 2021, a growth of 52.21% compared to 2020[89] - R&D investment amounted to ¥825,983,219.35 in 2021, representing 20.02% of operating revenue, up from 18.27% in 2020[89] - The number of new technology achievements reached 454 in 2021, a 61% increase from the previous year[92] - The company is focused on three core areas: intelligent software, intelligent connected vehicles, and intelligent IoT for productization and technological innovation[92] - The company has developed a SOA intelligent software platform that supports flexible deployment across various operating systems, enhancing vehicle intelligence[50] - The company is developing several key projects, including an AI cloud computing platform and a next-generation vehicle operating system, aimed at enhancing its competitive edge in edge computing and smart automotive sectors[84] Corporate Governance - The company has established a governance structure in compliance with relevant laws and regulations, ensuring effective operation and management[148] - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with regulatory requirements[151] - The company has implemented internal management and control systems to enhance corporate governance and operational efficiency[148] - The company ensures equal rights for all shareholders and protects the interests of minority investors through proper governance practices[149] - The company actively engages with investors through various channels, including phone communications and on-site visits, to maintain transparency[146] - The audit committee is responsible for overseeing both internal and external audits, enhancing financial transparency[155] Employee Management and Compensation - The total number of employees at the end of the reporting period is 11,467, with 255 from the parent company and 11,212 from major subsidiaries[199] - The technical personnel constitute the largest group with 10,350 employees, representing approximately 90.3% of the total workforce[199] - The company's compensation policy aims to align employee interests with business development and shareholder interests, focusing on responsibility, capability, and contribution[200] - The company has established a growth-oriented salary system that adjusts based on business performance and market salary conditions[200] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 4.6081 million CNY[187] Market Position and Partnerships - The company has established strategic partnerships with major semiconductor manufacturers and cloud service providers, enhancing its market position[53] - The company has established a strategic partnership with Xiaomi to enhance the integration of smart devices into the Xiaomi ecosystem[39] - The company has been recognized as an excellent partner in the smart automotive solutions sector by Huawei and Tencent[51] - The company has established strategic partnerships with industry leaders, including Xiaomi and Huawei, enhancing its position in the smart terminal ecosystem[56] Cash Flow and Financial Management - Operating cash inflow increased by 59.97% year-on-year to approximately ¥4.24 billion, driven by revenue growth[101] - Operating cash outflow rose by 77.61% year-on-year to approximately ¥4.10 billion, primarily due to growth in IoT business and increased raw material inventory[102] - Net cash flow from financing activities fell by 77.44% year-on-year to approximately ¥345.20 million, also linked to the prior year's private placement[107] - The company's monetary funds at year-end were approximately ¥2.12 billion, accounting for 29.24% of total assets, down 8.32% from the beginning of the year[112] Future Outlook - The company aims to become a leading provider of intelligent software, intelligent automotive platforms, and smart IoT solutions, focusing on customer needs and expanding product technology services[136][137] - The 2022 operational plan includes supporting the development of integrated software and hardware products in autonomous driving, edge computing, and distributed AIoT OS, while creating a global leading distributed smart IoT ecosystem[138] - The company is focused on expanding its market presence through strategic R&D initiatives and partnerships in the automotive software sector[84]