SUNYARD(600571)2022-03-30 16:00Financial Performance - The company's operating revenue for 2021 was ¥1,536,952,234.65, representing a 21.38% increase compared to ¥1,266,211,833.69 in 2020 [27]. - The net profit attributable to shareholders in 2021 was ¥290,848,802.92, a significant increase of 158.26% from ¥112,619,900.18 in 2020 [27]. - The net asset attributable to shareholders at the end of 2021 was ¥1,242,118,719.60, reflecting a 25.31% increase from ¥991,243,222.57 at the end of 2020 [27]. - The total assets as of the end of 2021 amounted to ¥1,985,241,404.84, which is a 19.32% increase from ¥1,663,814,695.53 in 2020 [27]. - Basic earnings per share for 2021 were ¥0.66, up 153.85% from ¥0.26 in 2020 [30]. - The weighted average return on net assets for 2021 was 26.24%, an increase of 14.51 percentage points from 11.73% in 2020 [30]. - The company's operating revenue for the reporting period was approximately ¥1.54 billion, representing a year-on-year increase of 21.38% [61]. - The operating cost increased by 33.79% to approximately ¥850.75 million, primarily due to revenue growth [61]. Risk Management - The company emphasizes the importance of risk management and has developed a retail internal rating system to enhance credit risk management [17]. - The company has detailed descriptions of industry and market risks in the management discussion and analysis section of the report [8]. - The company is enhancing its risk control capabilities by redefining digital risk management through comprehensive data utilization [42]. - The company acknowledges human resource risks due to a shortage of skilled financial technology talent and will focus on improving talent management and controlling rising labor costs [113]. - The company faces market competition risks from new entrants, including internet giants and strong financial institutions, and will strengthen product R&D to maintain competitive advantages [110]. Technology and Innovation - The company is actively engaged in the development of technologies such as natural language processing and image recognition for financial applications [17]. - The company aims to enhance its product and customer capabilities by integrating AI, big data, blockchain, and IoT technologies into its financial services [102]. - The company has established a financial big data and artificial intelligence research institute, launching the "AI+" initiative to enhance its technological capabilities [53]. - The company is focusing on building a learning and open organization to enhance its technological capabilities and foster innovation through strategic investments [44]. - The company’s financial technology initiatives are expected to drive significant growth in user engagement and service demand post-pandemic [100]. Corporate Governance - The company has received a standard unqualified audit report from Tianjian Accounting Firm [6]. - The company has not faced any penalties from securities regulatory agencies in the past three years [146]. - The company has completed rectifications regarding the composition of independent directors in its professional committees, ensuring compliance with governance standards [170]. - The remuneration decision process for directors and senior management is based on performance evaluations and is approved by the board of directors [146]. - The company has established a performance evaluation mechanism for senior management, linking compensation to their responsibilities and performance assessments [169]. Shareholder Returns - The profit distribution plan for 2021 is to distribute a cash dividend of 2.50 RMB per 10 shares, totaling 119,150,407.25 RMB, based on a total share capital of 476,601,629 shares [7]. - The company has not proposed any stock dividends or capital increases for the reporting period [7]. - The cash dividend policy was executed according to regulations, with a total cash dividend of RMB 96,641,034.38 distributed to shareholders based on a base of 439,277,429 shares, at a rate of RMB 2.2 per 10 shares [163]. Market Expansion - The company is actively pursuing domestic and international market expansion, with products already being exported to over 40 countries and regions [43]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [27]. - The company aims to transform from a financial IT service provider to a comprehensive financial technology service provider [54]. - The company will invest in the development and market expansion of its data security product line, widely applied in the financial and industrial finance sectors, while enhancing global sales of mobile work terminals and smart POS products [106]. Employee and Organizational Development - The company reported a total of 7,566 employees, with 4,682 in the parent company and 2,883 in major subsidiaries [157]. - The company has a total of 3,940,000 restricted stocks to be granted to 508 incentive targets as part of the 2021 restricted stock incentive plan [163]. - The company has established a training plan to enhance its internal training system and improve the quality of internal lecturers [159]. - The company aims to attract high-tech talent and establish an attractive incentive mechanism to enhance employee development and motivation [107]. - In 2022, the company will further advance organizational structure reforms to improve decision-making, business support, and innovation capabilities, creating a strong technology platform [108]. Legal and Compliance - The company has ongoing significant litigation related to a 2015 major asset restructuring, with a total of 5,981,434.64 RMB received from court-ordered compensation as of August 9, 2021 [7]. - The company is pursuing further legal action against three parties for outstanding compensation obligations totaling 257,170,950.16 RMB, which is to be repaid over 12 installments [7]. - There are no changes in accounting policies or estimates that would impact the financial statements for the year [6]. - The company has not disclosed any major related party transactions during the reporting period [9].