ZWSOFT(SH:688083)2022-04-11 16:00Financial Performance - The company achieved operating revenue of CNY 618.68 million, a year-on-year increase of 35.65%[186]. - Net profit attributable to the parent company was CNY 181.65 million, up 50.89% compared to the previous year[186]. - The net cash flow from operating activities was CNY 187.37 million, an increase of 24.44% compared to the previous year[188]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year, representing a growth of 15% year-over-year[22]. - The company’s net profit after deducting non-recurring gains and losses was 99.40 million RMB, reflecting a 4.16% increase from 2020[46]. - The total assets grew by 358.38% year-on-year, amounting to CNY 3.12 billion at the end of 2021[36]. - The net assets attributable to shareholders increased by 472.94% year-on-year, totaling CNY 2.81 billion at the end of 2021[35]. - Basic earnings per share rose to CNY 3.13, reflecting a growth of 20.85% from the previous year[35]. Research and Development - The company invested a total of 202.90 million RMB in R&D, representing a year-over-year increase of 34.23%[57]. - The company’s R&D expenditure accounted for 32.79% of operating revenue, slightly down from 33.14% in 2020[35]. - The company is investing in R&D for AI-driven software solutions, with a budget allocation of 100 million CNY for the upcoming year[22]. - The number of R&D personnel has increased to 645, accounting for 49.27% of the total workforce, with a total R&D personnel compensation of 16,441.21 million[163]. - The company has applied for 20 invention patents and obtained 16 authorized patents during the reporting period, bringing the total to 31 applied and 21 authorized patents[145]. Market Expansion and Strategy - The company has set a revenue guidance for the next fiscal year, projecting an increase of 10% to reach approximately 1.32 billion CNY[22]. - Market expansion efforts are underway, targeting Southeast Asia, with plans to establish a local office by Q3 2022[22]. - The company is exploring potential acquisitions to enhance its product offerings and market presence, with a focus on complementary technology firms[22]. - The company actively expanded its market presence, focusing on both domestic and international markets, which contributed to sustained revenue growth[35]. - The company has established local business and support teams in strategic markets such as the USA, Vietnam, and Japan to enhance market penetration[54]. Product Development and Innovation - New product launches include the latest version of ZWSim, which has received positive feedback and is expected to contribute to future revenue growth[22]. - The company launched 10 new products or product versions during the reporting period, enhancing its product matrix[53]. - The company has enhanced its 2D CAD product, ZWCAD, focusing on high cost-performance, strong compatibility, and lightweight advantages, with efficiency optimizations in frequently used features[58]. - The company has developed its own 2D CAD platform and geometric kernel technology, ensuring independence from third-party technology suppliers and enabling continuous product iteration[104]. - The company has established a cloud division to develop a new generation of cloud CAD products based on existing technologies[145]. Corporate Governance and Compliance - The independent auditor issued a standard unqualified opinion on the financial statements, ensuring the accuracy and completeness of the financial report[6]. - The board of directors has confirmed that all members attended the board meeting, ensuring governance compliance[6]. - The company does not plan to increase capital reserves or issue bonus shares for the year 2021[7]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[11]. - The company has not violated decision-making procedures for external guarantees[11]. Risks and Challenges - The company faces risks related to core technology leakage, which could impact product competitiveness and customer retention[175]. - The company operates primarily on a perpetual licensing model, with potential risks associated with transitioning to a subscription model as competitors do[176]. - The company is exposed to financial risks from currency fluctuations due to its global sales across over 90 countries, which could affect profit levels[177]. - The company faces risks related to intensified market competition and potential intellectual property litigation[182]. Awards and Recognition - The company has received multiple awards, including "Guangzhou Information Technology Application Innovation Product" and "Guangdong Province Industrial Software Engineering Technology Research Center," boosting its brand recognition[65]. - The company has established a comprehensive quality assurance system for its platform software, ensuring high-quality product releases through multiple testing phases[59].