SuperMap(SZ:300036)2023-03-30 16:00Investment and Project Progress - The total commitment investment projects amount to CNY 71,493.03 million, with 100.04% of the supplementary working capital utilized[8] - The company has achieved 63.81% progress in the SuperMap GIS 11 software upgrade project, with an investment of CNY 23,799.58 million[8] - The natural resources information product R&D project has reached 75.75% completion, with an investment of CNY 17,640.34 million[8] - The smart city operating system project has achieved 84.80% completion, with an investment of CNY 9,053.11 million[8] - The total water conservancy investment plan across 21 provinces and municipalities amounts to CNY 8,941 billion, indicating significant opportunities in the digital twin construction sector[21] - The company plans to increase investment in relevant fields over the next three years to achieve rapid growth in related businesses[31] Market Opportunities and Strategic Positioning - The company is positioned to benefit from the national "2+8+N" strategy for the信创 industry, which is expected to create significant market opportunities for foundational software replacement[17] - The digital transformation initiatives by the Ministry of Industry and Information Technology are expected to open up larger enterprise markets for the company[21] - The company aims to seize market opportunities in 2023, focusing on areas such as digital transformation and the construction of a digital China[55] - The company is focusing on expanding its second growth curve business, targeting industries beyond natural resources, including construction and agriculture[44] - The company is positioned as a key player in the digital government and smart city initiatives, contributing to the development of digital infrastructure[104] Financial Performance - In 2022, the company's operating revenue decreased by 14.9% year-on-year, totaling approximately ¥1.60 billion[69] - The net profit attributable to shareholders of the listed company was -¥338.64 million, a decline of 217.75% compared to the previous year[69] - The net cash flow from operating activities was -¥115.73 million, down 164.12% year-on-year[69] - The total assets at the end of 2022 were approximately ¥4.40 billion, a decrease of 8.83% from the previous year[69] - The basic earnings per share for 2022 was -¥0.69, reflecting a decrease of 211.29% year-on-year[69] - The weighted average return on equity was -11.32%, a decline of 22.67% compared to the previous year[69] - The company reported a significant impairment of goodwill during the reporting period[55] - The company has not declared any cash dividends or bonus shares for the year[56] Research and Development - The company has integrated its leading 3D GIS technology with virtual reality and digital twin applications, enhancing user experience and interaction[18] - The company is actively exploring upstream applications in remote sensing software, with plans for release in 2023[31] - The company has developed a spatiotemporal big data platform, enhancing its competitive edge in data sharing products[42] - The company has a strong focus on R&D for new products and technologies to enhance its market position in the GIS sector[100] - The company has developed a new generation of 3D GIS technology, which is currently transitioning to maturity and is expected to create significant opportunities for upgrading from 2D to 3D applications[131] - The AI GIS technology launched by the company in 2019 includes deep learning-based tools for object detection and classification, which have been applied in various fields such as natural resource monitoring and urban planning[132] - The company is actively exploring new product development in AI fields such as ChatGPT and AIGC, aiming to integrate AI into the GIS industry[133] Product and Service Development - In 2023, the company will release SuperMap GIS 2023, enhancing product capabilities and supporting continuous output of innovative products[31] - The company has established a data governance tool with comprehensive functions, and has implemented data governance services in over ten cities[27] - The company has completed 41 adaptation certifications and released 5 joint solutions in the domestic innovation ecosystem, enhancing its product competitiveness[152] - The company has formed a comprehensive GIS product system, including cloud GIS servers and edge GIS servers, leading the market with innovative deployment methods[137] - The company launched SuperMap GIS 2022, featuring significant upgrades in open-source spatial databases and cloud-native GIS technology[195] International Expansion and Market Presence - The company has successfully entered international markets, including Japan, Southeast Asia, South Asia, Central Asia, Europe, Africa, and South America, establishing itself as a leading geographic information enterprise in Asia[127] - The company has established benchmark users across multiple industries, including major brands like Haier, TCL, and China Petroleum, showcasing its market penetration[136] - The company is recognized as the leading GIS provider in the natural resources sector, with a comprehensive solution covering the entire lifecycle of resource management[111] Government Support and Industry Trends - Government subsidies recognized in 2022 amounted to ¥29,159,903.97, significantly higher than ¥9,974,200.57 in 2021, indicating increased support for the company's operations[93] - The company is positioned in a rapidly growing GIS industry, which is supported by national policies and has significant commercial value and development potential[98] - The geographic information industry in China has shown a growth rate of 9.2% in 2021, with a compound annual growth rate (CAGR) of 11.5% over the past five years and 17.5% over the past ten years, indicating strong market potential[120] - The government has introduced several policies to support the development of the digital economy, emphasizing the importance of digital infrastructure and data resource systems[123] - By 2025, the core industry value of the digital economy is expected to account for 10% of GDP, highlighting the growth potential for companies in this sector[123]