Sinosoft(603927)2022-04-14 16:00Financial Performance - The company's operating revenue for 2021 was approximately RMB 6.28 billion, representing an increase of 8.65% compared to RMB 5.78 billion in 2020[26]. - The net profit attributable to shareholders for 2021 was approximately RMB 577.48 million, a growth of 21.15% from RMB 476.64 million in 2020[26]. - The total assets at the end of 2021 were approximately RMB 6.88 billion, reflecting a 13.90% increase from RMB 6.04 billion at the end of 2020[26]. - The basic earnings per share for 2021 was RMB 0.97, up 21.25% from RMB 0.80 in 2020[26]. - The company reported a significant increase in net assets attributable to shareholders, reaching approximately RMB 2.62 billion, a rise of 15.12% from RMB 2.27 billion in 2020[26]. - The first quarter of 2021 saw an operating revenue of approximately RMB 1.27 billion, while the fourth quarter reported RMB 2.33 billion, indicating a strong year-end performance[29]. - Non-recurring gains and losses totaled approximately RMB 23.77 million in 2021, compared to RMB 10.26 million in 2020, showing an increase in non-operational income[30]. - The weighted average return on equity for 2021 was 23.43%, an increase of 1.28 percentage points from 22.15% in 2020[26]. - In 2021, the company achieved a total revenue of 6.281 billion yuan, representing a year-on-year growth of 8.65%, and a net profit of 577 million yuan, up 21.15% year-on-year[34]. Dividend Policy - The profit distribution plan for 2021 proposes a cash dividend of RMB 5.50 per 10 shares, totaling an estimated cash distribution of RMB 326.48 million[7]. - The company has a cash dividend policy that mandates a minimum of 10% of the distributable profit to be distributed as cash dividends each year[195]. - In the case of a mature development stage without significant capital expenditure, the cash dividend proportion should be at least 80% of the profit distribution[197]. - The company's profit distribution proposal must be reviewed and approved by the board of directors and more than half of the independent directors before being submitted to the shareholders' meeting[198]. - The shareholders' meeting must vote on the profit distribution proposal in accordance with legal regulations and the company's articles of association[200]. Audit and Compliance - The company has received a standard unqualified audit report from Deloitte Touche Tohmatsu Certified Public Accountants[6]. - The board of directors and management confirm the authenticity, accuracy, and completeness of the annual report[5]. - The company assures that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company is committed to maintaining compliance with regulatory decision-making procedures regarding external guarantees[8]. Research and Development - The company emphasizes its focus on research and development of new technologies and products to drive future growth[14]. - The company's R&D expenses reached 843 million yuan, an increase of 8.86% compared to 2020, with 4 new invention patents and 163 new software copyrights added in 2021[55]. - The company aims to enhance its R&D innovation capabilities and increase R&D investment to accelerate growth[150]. - The company is investing 200 million in R&D for new technologies aimed at enhancing product features and user experience[168]. Market Expansion and Strategy - The company plans to expand its market presence through strategic initiatives and potential acquisitions[14]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[33]. - The company aims to expand its overseas market presence despite challenges from the ongoing pandemic, continuing to serve clients such as China Life Insurance and Zurich Insurance[60]. - The company plans to enhance its "Insurance+" strategy by integrating advanced technologies such as big data, cloud computing, and artificial intelligence into its product offerings[130]. - The company is considering strategic acquisitions to enhance its technology portfolio, with a budget of 300 million allocated for potential deals[168]. Customer and Client Engagement - The company served 180 domestic insurance clients by the end of 2021, with 141 clients generating over 5 million yuan in revenue from the insurance IT sector[39]. - The company has accumulated 256 clients with sales revenue exceeding 5 million RMB, with over 90% being active clients, indicating strong customer retention[92]. - The company will continue to focus on customer-centric strategies to enhance satisfaction and trust, thereby consolidating market share[150]. Employee and Management - The total number of employees in the parent company is 13,560, and in major subsidiaries, it is 5,877, resulting in a total of 19,437 employees[189]. - The company has a dual-track training model to enhance employee skills and management capabilities[191]. - The company emphasizes talent development, focusing on cultivating comprehensive project managers and enhancing decision-making capabilities among young leaders[146]. - The total remuneration for all directors, supervisors, and senior management was 14.996 million yuan, including insurance and provident fund[179]. Governance and Shareholder Relations - The company has established a robust investor relations management system to protect shareholder rights and ensure compliance with information disclosure[155]. - The company’s governance mechanisms provide adequate protection and equal rights for all shareholders, particularly minority shareholders[155]. - The company will implement a management control mechanism for business unit competition to improve collaboration and efficiency[147]. - The company has maintained a CMMI Level 5 certification, ensuring high standards in software and IT service management[94].