Tianyu Information(SZ:300205)2022-04-27 16:00Financial Performance - The company's operating revenue for 2021 was ¥1,430,301,662.77, a decrease of 15.54% compared to ¥1,693,529,679.18 in 2020[18]. - The net profit attributable to shareholders was -¥149,872,516.78, representing a decline of 146.76% from -¥60,737,085.52 in the previous year[18]. - The net cash flow from operating activities was -¥254,145,611.54, a significant drop of 202.37% compared to ¥248,252,927.63 in 2020[18]. - The total assets at the end of 2021 amounted to ¥3,158,930,586.38, reflecting a 12.02% increase from ¥2,820,058,176.12 at the end of 2020[18]. - The net assets attributable to shareholders increased by 5.40% to ¥1,399,513,984.26 from ¥1,327,767,176.71 in 2020[18]. - The basic earnings per share for 2021 was -¥0.3485, a decrease of 146.81% from -¥0.1412 in 2020[18]. - The weighted average return on equity was -11.97%, down 7.58 percentage points from -4.39% in the previous year[18]. - The company achieved a total revenue of 1.43 billion yuan in 2021, a year-on-year decrease of 15.54%[38]. - The net profit attributable to shareholders was -150 million yuan, with a net profit of -171 million yuan after deducting non-recurring gains and losses[38]. Revenue Breakdown - Revenue from the financial industry segment was 334 million yuan, down 14.12% year-on-year, with a cost of 245 million yuan, a decrease of 11.09%[38]. - The smart payment terminal business generated revenue of 692 million yuan, a decline of 23.84% year-on-year, with costs amounting to 591 million yuan, down 27.49%[38]. - The Internet of Things (IoT) business achieved revenue of 102 million yuan, a year-on-year increase of 69.80%, with operating costs rising by 105.40% to 80 million yuan[41]. - The company's international business reported revenue of 94 million yuan, a significant year-on-year increase of 121.20%, while operating costs increased by 129.71% to 72 million yuan[43]. - The smart card segment generated revenue of approximately 479 million yuan, accounting for 33.49% of total revenue, with a slight year-on-year increase of 1.10%[46]. - The terminal segment's revenue was approximately 683 million yuan, representing 47.78% of total revenue, but saw a decline of 22.21% year-on-year[46]. - The enterprise services business reported revenue of 32 million yuan, a decrease of 42.12% year-on-year, with operating costs down by 26.41% to 18 million yuan[42]. Investment and R&D - Research and development expenses amounted to 240,674,622.31 yuan, which is 16.83% of the operating revenue, an increase from 11.31% in the previous year[60]. - The number of R&D personnel increased by 16.57% to 992, with R&D personnel now accounting for 42.56% of the total workforce[59]. - The company launched 107 patent applications, including 94 invention patents, enhancing its market competitiveness[36]. - The company aims to enhance its product offerings through R&D in data security, blockchain, cloud computing, artificial intelligence, and smart hardware, focusing on creating differentiated products[91]. Market Strategy and Expansion - The company is focusing on the development of smart payment terminals and IoT solutions, driven by the increasing demand for digital transformation in various industries[29]. - The company is actively participating in the digital economy, aligning with national policies to enhance digital infrastructure and promote digital transformation in traditional industries[27]. - The company plans to expand the issuance scale of high-value communication smart cards and stabilize traditional communication card business[41]. - The company aims to enhance its product offerings in digital currency payment scenarios, leveraging its expertise in big data and cloud computing[40]. - The company is committed to expanding its international business by leveraging cost and technology advantages to penetrate overseas markets, particularly along the Belt and Road Initiative[93]. Risk Management - The company faces risks related to tight supply and rising prices of key upstream components, impacting sales and gross profit margins[4]. - The company is implementing targeted control measures to stabilize product gross margins and improve sales structure through enhanced manufacturing processes[94]. - The company has outlined potential risks and countermeasures in its management discussion and analysis section[4]. - The company faces risks related to declining sales revenue and gross margin due to supply chain issues and rising prices of key components like chips[94]. Corporate Governance - The company maintains independence from its controlling shareholders in terms of decision-making and operational activities[107]. - The governance structure of the company aligns with the regulations set by the China Securities Regulatory Commission[106]. - The company has not faced any penalties or regulatory measures from securities authorities in the past five years[109]. - The company has a clear plan for shareholder dividend returns over the next three years (2021-2023)[109]. - The company has designated specific newspapers and websites for information disclosure to ensure equal access for all shareholders[105]. Shareholder Engagement - The annual shareholders' meeting had a participation rate of 45.46% on May 14, 2021, where key reports and proposals were approved[108]. - The first interim shareholders' meeting had a participation rate of 46.19% on September 27, 2021, approving the election of board members[109]. - The second interim shareholders' meeting had a participation rate of 47.41% on December 6, 2021, where several key proposals regarding stock issuance were approved[109]. - The third interim shareholders' meeting had a participation rate of 19.69% on December 30, 2021, approving the sale of equity in a subsidiary[109]. Environmental Responsibility - The company reported a total emission of 0.11484 tons/year of non-methane total hydrocarbons, which is compliant with the national standards[150]. - The chemical oxygen demand (COD) from wastewater discharge was 0.017 tons/year, also meeting the required standards[150]. - The ammonia nitrogen level in wastewater was recorded at 0.0012 tons/year, in compliance with environmental regulations[150]. - The company has implemented a comprehensive environmental management system, including regular monitoring and third-party assessments of wastewater, waste gas, and noise[155]. - The company has not reported any administrative penalties related to environmental issues during the reporting period[156]. Employee Management - The total number of employees at the end of the reporting period is 2,331, with 1,394 in the parent company and 937 in major subsidiaries[137]. - The company has a total of 992 technical personnel, 692 sales personnel, and 377 production personnel[137]. - The company has established a comprehensive salary system and continuously improves employee compensation and benefits policies[138]. - The company emphasizes training and development for management and technical personnel to support strategic goals[139]. Debt Management - The company is actively managing its debt obligations and ensuring compliance with financial commitments[164]. - The company has a remaining debt of RMB 202 million that has not been paid[165]. - The company is owed RMB 33,056.36 million from Deep Creation Intelligent, which is to be repaid by March 31, 2022, as part of the debt repayment agreement[164]. - The company has made commitments to maintain independence in assets, personnel, finance, and business operations, ensuring no conflicts of interest with related parties[165]. Changes in Management - The company experienced a change in its board, with several directors and supervisors resigning due to various reasons, including work-related issues and term expirations[113]. - The current management team includes experienced professionals with backgrounds in finance, technology, and investment management, enhancing the company's strategic capabilities[114][115][116]. - The company has undergone significant management changes, which may impact its operational strategies moving forward[113]. Related Party Transactions - The company has established a commitment to conduct related party transactions at fair market prices, adhering to legal and regulatory requirements[168]. - The company has no significant related party transactions in daily operations during the reporting period[179]. - The company has no transactions with financial companies that have related relationships[183].