GH-Tech(000004)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was ¥166,463,289.95, a decrease of 42.39% compared to ¥288,944,181.62 in 2021[24]. - The net profit attributable to shareholders for 2022 was -¥595,162,765.52, representing a 16.90% increase in losses from -¥509,107,298.88 in 2021[24]. - The cash flow from operating activities for 2022 was -¥33,042,376.14, a significant decline of 1,165.36% compared to ¥3,101,531.46 in 2021[24]. - The total assets at the end of 2022 were ¥575,390,741.06, down 48.19% from ¥1,110,569,957.85 at the end of 2021[24]. - The net assets attributable to shareholders decreased by 62.80% to ¥352,501,463.33 at the end of 2022 from ¥947,687,384.87 at the end of 2021[24]. - The basic earnings per share for 2022 was -¥4.0666, a decline of 28.83% from -¥3.1566 in 2021[24]. - The company reported a weighted average return on equity of -91.55% for 2022, a decrease of 49.20% from -42.35% in 2021[24]. - Total revenue for 2022 was CNY 166,463,289.95, a decrease of 42.39% compared to CNY 288,944,181.62 in 2021[81]. - Revenue from mobile network security decreased by 55.70% to CNY 84,945,846.66, accounting for 51.03% of total revenue[81]. - Emergency business revenue increased by 13.65% to CNY 80,628,951.29, representing 48.44% of total revenue[81]. Corporate Governance - The company emphasizes the accuracy and completeness of its financial report, with all board members present for the meeting[4]. - The board of directors consists of five members, including two independent directors, ensuring compliance with relevant regulations[129]. - The company has a structured board of directors and supervisory board, ensuring compliance with corporate governance regulations[135]. - The board of directors held five meetings during the reporting period, with all members present at least once[153]. - The company has established a comprehensive internal control system, with no significant defects identified in financial reporting or non-financial reporting as of the latest evaluation[174]. - The company has implemented a training management system to enhance the management quality of directors and senior executives, focusing on decision-making and strategic capabilities[165]. - The company has strengthened its internal control measures, including contract management and project oversight, to ensure compliance and quality in operations[171]. - The company has committed to improving the quality of information disclosure following a warning from the Shenzhen Securities Regulatory Bureau and a public reprimand from the Shenzhen Stock Exchange[130]. Market Position and Strategy - The company completed the acquisition of mobile internet security business in December 2019, which has been a significant part of its current operations[22]. - The network security industry is expected to exceed 100 billion RMB by 2024, maintaining a growth rate of over 15%[35]. - The company aims to enhance emergency rescue capabilities in response to national policies, including the establishment of emergency rescue centers and training bases[39]. - The company is focused on expanding its market presence and enhancing its product offerings in response to increasing digital security demands[35]. - The company is actively exploring new business growth points in niche markets to counteract increasing competition[124]. - The company is committed to supporting national strategies and providing decision-making support to government authorities through real-time monitoring of mobile application data[70]. Research and Development - Research and development expenses increased by 42.20% to ¥45,165,536.23 compared to the previous year[96]. - R&D investment amounted to ¥49,467,357.95, representing 29.72% of operating revenue, up from 16.56% the previous year[98]. - The company has developed a mobile application compatibility testing platform aimed at reducing testing costs and improving efficiency[97]. - The company is focusing on compliance detection platforms for mobile applications, addressing increasing security and privacy challenges in international markets[97]. - The company plans to enhance its technology research and development, focusing on mobile application security solutions, including reverse analysis and multi-dimensional security protection[121]. Risk Management - The company has outlined potential risks and countermeasures in its future development outlook section[4]. - The company has faced uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profits over the last three accounting years[24]. - There is a risk of core technology leakage and talent loss, which could adversely affect business development; the company is implementing measures to strengthen employee care and protect intellectual property[126]. - The company is facing challenges in accounts receivable management due to revenue growth and economic slowdown, leading to longer recovery cycles[126]. - To mitigate accounts receivable risks, the company has established a detailed management system and performance standards for responsible personnel[126]. Compliance and Regulatory Matters - The company has not faced any regulatory penalties for its directors in the past three years[146]. - The company has not reported any administrative penalties related to environmental issues during the reporting period[178]. - The company has committed to avoiding competition with its major shareholder, ensuring no direct or potential conflicts of interest arise[184]. - The company has established strict adherence to relevant laws and regulations regarding related party transactions during the period of shareholding[188]. Employee and Management Changes - The company reported a total of 1,400 employees during the reporting period[139]. - The company experienced turnover in its management team, with several resignations due to personal reasons throughout 2022[137][138]. - The total number of employees at the end of the reporting period is 296, with 17 in the parent company and 279 in major subsidiaries[162]. - The company has a diverse management team with backgrounds in various industries, including pharmaceuticals and finance[140][141][142]. Acquisitions and Transactions - The company completed the acquisition of 100% equity in Zhiyou Network Security, fulfilling all capital contribution obligations as per the company's articles of association[185]. - The transaction is expected to enhance the company's market position and operational capabilities in the cybersecurity sector[185]. - The company has committed to maintaining the independence of its financial operations, ensuring a separate accounting system and independent financial decision-making[187]. - The company guarantees that its management personnel will not hold positions in other companies controlled by the acquirer, ensuring operational independence[187].