广西广电(600936) - 2021 Q4 - 年度财报

Financial Performance - In 2021, the company's operating revenue was approximately CNY 1.85 billion, a decrease of 14.63% compared to CNY 2.17 billion in 2020[22]. - The net profit attributable to shareholders was a loss of approximately CNY 349.72 million, a decline of 144.82% from a loss of CNY 142.85 million in 2020[23]. - The basic earnings per share for 2021 was -CNY 0.21, a decrease of 133.33% compared to -CNY 0.09 in 2020[24]. - The weighted average return on equity was -4.03%, a slight decrease from -3.86% in 2020[24]. - The company achieved total operating revenue of 1.849 billion RMB in 2021, with a total profit of -350 million RMB[32]. - The net profit attributable to shareholders was -73.48 million RMB for the year, with a non-recurring loss of -93.99 million RMB[26]. - In Q4 2021, the operating revenue was 695.79 million RMB, while the net profit attributable to shareholders was -101.24 million RMB[25]. - The company reported a net profit margin of 12%, reflecting improved operational performance compared to the previous year[93]. - The company reported a significant increase in revenue, with a year-over-year growth of 15% to reach 1.5 billion RMB[93]. Cash Flow and Investments - The net cash flow from operating activities increased by 100.62% to approximately CNY 578.16 million, compared to CNY 288.19 million in 2020[23]. - The company reported a cash flow from operating activities of -60.66 million RMB for the year[26]. - The company reported a net cash flow from investing activities of CNY -943,737,894.72, an improvement of 30.76% compared to the previous year[44]. - The net cash flow from financing activities decreased by 58.52% to CNY 573,174,724.49, mainly due to a reduction in bank borrowings[44]. - Cash flow from operating activities increased to approximately ¥578.2 million in 2021, up from ¥288.2 million in 2020[200]. - Cash flow from investing activities showed a net outflow of approximately ¥943.7 million in 2021, an improvement from a net outflow of ¥1.36 billion in 2020[200]. - Cash flow from financing activities generated a net inflow of approximately ¥573.2 million in 2021, down from ¥1.38 billion in 2020[200]. Assets and Liabilities - The total assets at the end of 2021 were approximately CNY 10.63 billion, an increase of 2.02% from CNY 10.42 billion at the end of 2020[23]. - The total liabilities rose to CNY 7,363,910,736.21, compared to CNY 6,803,597,460.40 in 2020, marking an increase of around 8.23%[185]. - The company's long-term borrowings increased significantly to CNY 3,780,801,500.00 from CNY 3,036,335,500.00, reflecting a growth of approximately 24.5%[185]. - The total equity attributable to shareholders decreased to CNY 3,267,814,836.18 from CNY 3,617,539,614.97, a decline of about 9.66%[186]. - The total assets amounted to CNY 23,526.16 million, while total liabilities were CNY 18,464.24 million, indicating a healthy asset-liability ratio[149]. Operational Highlights - The company completed the "Beautiful Guangxi·Smart Broadcasting" project, connecting all administrative villages with broadcasting fiber optics[32]. - The company has maintained a zero-error record in broadcasting for 64 consecutive months[32]. - The company is focusing on expanding its smart broadcasting services to enhance public service and governance in border areas[32]. - The company launched the "5G + 8K" application demonstration project, the first of its kind in the country, targeting a user base of one million[33]. - The company is actively participating in the construction of an emergency broadcasting system, aiming to set a national industry benchmark[33]. - The company is facing challenges with user attrition in the broadcasting industry, as the overall market is in a downward phase[37]. - The company is focusing on building a unique competitive regional communication operator and digital life service expert vision[72]. Research and Development - Research and development expenses amounted to CNY 67,900,092.40, representing 3.67% of operating revenue, with a slight increase of 2.85% year-on-year[52]. - The company is investing in R&D for new technologies, with a budget allocation of approximately 43.43 million for the upcoming year[88]. - The company is investing in new technology development, allocating 100 million RMB for R&D in the upcoming fiscal year[93]. Governance and Compliance - The company published 4 periodic reports and 24 temporary announcements in 2021, ensuring timely and accurate information disclosure[83]. - No regulatory accountability was faced due to non-compliance in information disclosure during 2021[83]. - The company maintained communication with stakeholders, including shareholders, banks, and local governments, to support its sustainable development[83]. - The company has not reported any significant violations or penalties against its directors, supervisors, or senior management during the reporting period[142]. - The company has committed to maintaining transparency and equal information access for all investors[83]. Community Engagement and Social Responsibility - The company actively participated in poverty alleviation and rural revitalization efforts, with 337 personnel involved and a total of 351,000 yuan allocated for assistance[125]. - The company successfully connected 14,335 administrative villages with broadcasting and television services, increasing the connectivity rate from 49.3% in 2018 to 100%[125]. - The company provided 400,000 "Smart Broadcasting Benefit Cards" to support rural revitalization initiatives[125]. - The company implemented various community support projects, including infrastructure improvements and educational resources, to enhance local living conditions[126]. Future Outlook - Future outlook includes a projected revenue increase of 10% for the next fiscal year, driven by new product launches and market expansion strategies[89]. - The company plans to pursue strategic acquisitions to enhance its service offerings, targeting a completion of at least two acquisitions within the next 12 months[89]. - The management team emphasized the importance of digital transformation, with a projected investment of 64.45 million in technology upgrades[88]. - The company aims to improve operational efficiency, targeting a reduction in costs by 5% through process optimization initiatives[89].