Primeton(688118)2023-04-19 16:00Share Repurchase and Profit Distribution - The company repurchased shares for a total amount of RMB 12,557,169.99, which accounted for 1,031.09% of the net profit attributable to shareholders for the year 2022[6]. - The profit distribution plan for 2022 includes no cash dividends, no bonus shares, and no capital reserve transfer to increase share capital, with undistributed profits carried forward to future years[6]. Financial Performance - The company's operating revenue for 2022 was CNY 425.36 million, a decrease of 2.54% compared to the previous year[22]. - The net profit attributable to shareholders of the listed company was CNY 1.22 million, down 96.89% year-on-year[24]. - The net cash flow from operating activities was CNY 1.02 million, a significant decrease of 98.47% compared to the previous year[24]. - Basic earnings per share were CNY 0.013, reflecting a decrease of 96.88% from the previous year[23]. - The total assets at the end of 2022 were CNY 1,020.82 million, a decrease of 5.43% from the previous year[22]. - The weighted average return on net assets was 0.14%, down 3.95 percentage points from the previous year[23]. - The company reported a net loss of CNY 15.08 million after deducting non-recurring gains and losses, a decrease of 202.89% year-on-year[24]. Research and Development - The company increased its R&D investment as a percentage of operating revenue to 20.15%, up 2.92 percentage points from the previous year[23]. - Research and development expenses amounted to 85.70 million yuan, an increase of 13.96% year-on-year[36]. - The company has accumulated 31 authorized invention patents, 58 accepted invention patent applications, and 250 computer software copyright registrations by the end of the reporting period[69]. - The company has a total of 253 research and development personnel, indicating a strong focus on innovation[164]. Market Expansion and Product Development - The company is in the process of developing new products and technologies, focusing on low-code development platforms and data middle platforms[11]. - The company is expanding its market presence and enhancing its software infrastructure capabilities to support agile delivery and stable operation of applications[11]. - The company launched new products in the data quality and resource catalog management platforms, enhancing its data asset management capabilities[39]. - The company successfully implemented multiple application migration projects in the financial sector, receiving recognition as a leading enterprise in financial innovation solutions[41]. - The company expanded its market presence into new sectors such as construction, transportation, and education, leveraging its expertise in software infrastructure[42]. Risk Management - The company has outlined various risks and countermeasures in its management discussion and analysis section[4]. - The company faced significant operational challenges due to macroeconomic factors affecting order signing, delivery, acceptance, and payment collection[24]. - The company aims to mitigate industry risks by strengthening its client advantages and expanding into other market sectors[104]. Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated any decision-making procedures for providing guarantees[8]. - The company has not faced any situation where more than half of the directors could not guarantee the authenticity, accuracy, and completeness of the annual report[8]. - The company has established internal control compliance institutions, becoming one of the first pilot companies in the Shanghai Stock Exchange's Sci-Tech Innovation Board[140]. - The company has not faced any penalties from securities regulatory authorities in the past three years, highlighting compliance and governance[154]. Employee Management and Compensation - The total number of shares held by the board members and senior management at the end of the reporting period was 31,764,391, a decrease of 329,197 shares compared to the beginning of the year[144]. - The total pre-tax remuneration for the management team amounted to 744.35 million yuan, with no changes in shareholdings for most members[144]. - The company has a compensation and assessment committee that determines the remuneration of directors and senior management, which is then approved by the board[151]. - The company’s employee compensation structure includes basic salary, performance pay, and annual bonuses linked to individual and company performance[165]. Strategic Initiatives and Future Plans - The company plans to expand its marketing efforts to achieve more industry breakthroughs and continue innovation in foundational software[135]. - The company will upgrade key products and technologies in cloud-native low-code platforms, intelligent data middle platforms, and full-stack middleware to support industry digital transformation[136]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of 500 million RMB allocated for this purpose[147]. - The company has implemented a three-year shareholder dividend return plan (2022-2024) to ensure reasonable returns for investors[195]. Environmental and Social Responsibility - The company actively promotes low-carbon practices among employees, including energy management and resource conservation initiatives[190]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[187]. - The company donated RMB 200,000 to the University of Science and Technology of China for educational support during the reporting period[193].