SERVYOU(603171)2022-04-18 16:00Financial Performance - The company's operating revenue for 2021 was ¥1,604,761,490.79, representing a 4.14% increase from ¥1,541,031,345.84 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥230,774,877.27, a decrease of 23.64% compared to ¥302,233,366.82 in 2020[24]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was CNY 175.06 million, a decrease of 35.95% compared to the previous year[27]. - The net cash flow from operating activities was CNY 153.92 million, down 54.42% year-on-year[27]. - Total revenue for the reporting period was CNY 1,604.76 million, representing a growth of 4.1% compared to the previous year[36]. - The net profit attributable to shareholders decreased to CNY 230.77 million, a reduction of CNY 71.46 million year-on-year[36]. - The diluted earnings per share was CNY 0.60, down 27.71% from CNY 0.83 in the previous year[27]. - The weighted average return on equity decreased to 11%, down 7.24 percentage points from the previous year[27]. Dividend Distribution - The company plans to distribute a cash dividend of ¥3 per 10 shares based on a total share capital of 405,890,000 shares as of December 31, 2021[7]. - The company has not implemented any capital reserve transfers or stock dividends in its profit distribution plan[7]. - The company plans to distribute cash dividends amounting to no less than 20% of the distributable profits for the year, as per the shareholder return mechanism approved in 2019[164]. - The company plans to distribute cash dividends of ¥121,767,000.00 for the fiscal year 2021, which represents 52.76% of the net profit attributable to shareholders[141]. Risk Management - There were no significant risks that materially affected the company's operations during the reporting period[9]. - The company has outlined potential risks in its management discussion and analysis section[9]. - The company acknowledges risks from economic downturns due to the pandemic and is prepared with online management and marketing strategies[99]. - The company is facing increased competition for high-end talent, leading to rising labor costs, and is implementing measures to attract and retain skilled professionals[99]. - The company is addressing potential budget cuts in government projects by diversifying into related sectors like social security and healthcare[102]. Research and Development - R&D investment for the year was CNY 378.45 million, an increase of 13.3% compared to the previous year[36]. - The total R&D investment amounted to ¥386,159,558.53, representing 24.06% of the operating revenue[75]. - The company employed 1,376 R&D personnel, accounting for 22.18% of the total workforce[76]. - The company has conducted 11 industry talent training sessions, training over 4,000 participants to enhance professional skills in the accounting and tax sectors[49]. Customer and Market Insights - The company achieved a B-end revenue of CNY 864.66 million, an increase of 4.9% year-on-year, with SaaS subscription service revenue accounting for 95.9% of B-end total revenue[36]. - The SaaS subscription service for small and medium enterprises has a customer retention rate of 85%, with a 69% increase in high-value customers[37]. - The SaaS service for tax agency clients achieved a 53% growth in paid users during the reporting period[37]. - The company aims to expand its innovative SaaS business by targeting lower-tier markets and continuously innovating products[37]. - The company is committed to providing comprehensive SaaS management tools and services to small and medium enterprises, enhancing their operational efficiency[47]. Governance and Compliance - The company emphasizes transparency and compliance in its governance structure, ensuring effective communication with shareholders and stakeholders[103]. - The company has established specialized committees under the board, including audit, nomination, compensation, and strategy committees[129]. - The company has not reported any significant changes in shareholder structure or voting rights during the reporting period[108]. - The company has maintained the independence of its operations, with no significant changes in competition or business overlap with controlling shareholders[106]. Shareholder Information - The company reported a total shareholding of 92,729,000 shares at the end of the reporting period, with no changes during the year[113]. - The total number of common shareholders at the end of the reporting period is 223,095,730 shares, representing 54.96% of the total shares[195]. - Zhang Zhenchao holds 92,300,000 shares, accounting for 22.74% of the total shares, making him the controlling shareholder[195]. - The company has a total of 223,095,730 shares with restricted trading conditions that will become tradable on June 30, 2024[197]. Internal Controls and Auditing - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management[6]. - The audit report issued by Tianjian Accounting Firm was a standard unqualified opinion[6]. - The internal control audit report issued by Tianjian Accounting Firm confirmed the effectiveness of the financial reporting internal control as of December 31, 2021, with a standard unqualified opinion[146]. - The company has not reported any significant defects in internal controls related to financial or non-financial reporting[146]. Social Responsibility - The company has engaged in various social responsibility initiatives, including educational support in underdeveloped areas, benefiting over 11 rural schools[150]. - The company encourages employees to pursue external learning opportunities and provides funding for such educational endeavors[139].