Amarsoft(300380)2023-04-23 16:00Financial Performance - The company reported a net loss during the reporting period, primarily due to a decline in project delivery efficiency and gross margin, with increased project implementation costs attributed to external macroeconomic factors [4]. - Seasonal characteristics in project acceptance and revenue recognition led to lower-than-expected revenue in Q4 2022, as some clients could not complete project acceptance and payment due to changes in the macro environment [4]. - The company's operating revenue for 2022 was ¥779,025,523.71, representing a 3.16% increase from ¥755,179,963.25 in 2021 [23]. - The net profit attributable to shareholders for 2022 was -¥72,516,510.36, a significant decline of 718.59% compared to a profit of ¥11,722,897.17 in 2021 [23]. - The cash flow from operating activities for 2022 was -¥156,337,069.01, which is a 60.88% increase in cash outflow compared to -¥97,173,731.37 in 2021 [23]. - The total assets at the end of 2022 were ¥845,056,837.01, a 2.28% increase from ¥826,188,969.44 at the end of 2021 [23]. - The net assets attributable to shareholders decreased by 15.57% to ¥404,207,036.35 at the end of 2022 from ¥478,733,604.83 at the end of 2021 [23]. - The basic earnings per share for 2022 was -¥0.5150, a decline of 719.74% from ¥0.0831 in 2021 [23]. - The company reported a quarterly revenue of ¥295,798,558.76 in Q4 2022, which was the highest among the four quarters [26]. - The net profit attributable to shareholders in Q4 2022 was -¥75,228,386.50, indicating continued losses despite higher revenue in that quarter [26]. Research and Development - The company invested 124.92 million yuan in R&D in 2022, a decrease of 3.17% from 129.01 million yuan in 2021 [49]. - The company is focusing on innovation in its credit big data business, which has seen rapid growth in customer and order numbers, indicating a developing scale [41]. - The company is focusing on integrating emerging technologies such as big data and artificial intelligence to enhance its credit management system [68]. - The company is committed to continuous improvement in data quality governance within banks, driving better risk management practices [71]. - The number of R&D personnel decreased by 12.57% from 740 in 2021 to 647 in 2022, with the proportion of R&D personnel in total employees dropping from 19.57% to 16.88% [73]. - R&D investment amounted to ¥124,918,928.69 in 2022, accounting for 16.04% of operating revenue, a decrease from 17.08% in 2021 [73]. Market and Business Strategy - The company has established partnerships with 4 large state-owned banks, 12 joint-stock banks, 99 urban commercial banks, and various other financial institutions, totaling over 250 partners [40]. - The company aims to enhance profitability and operational efficiency in 2023 while supporting clients in their digital transformation [53]. - The company is expanding its market presence by addressing the pain points in bank risk management, particularly in the area of association transaction management [70]. - The company plans to strengthen human resource management and optimize organizational structure to maintain long-term competitive talent [53]. - The company aims to enhance its service capabilities in the financial asset management sector, focusing on a comprehensive service model that integrates software systems, data products, and consulting services [98]. - The company plans to expand its B-end market and explore pathways to C-end users, with a focus on increasing service scale and entering the Hong Kong and overseas markets [98]. Governance and Compliance - The company adheres to the regulations of the Company Law and Securities Law, ensuring a governance structure that protects the rights of all shareholders, particularly minority shareholders [107]. - The company maintains an independent operational structure, with no financial guarantees provided to the controlling shareholder, ensuring no non-operational fund occupation [111]. - The company has established a transparent performance evaluation and incentive mechanism for directors and senior management, ensuring compliance with relevant laws [108]. - The company has made significant efforts to enhance information disclosure practices, ensuring compliance with legal requirements [109]. - The governance structure aligns with the regulations set forth by the China Securities Regulatory Commission, with no significant discrepancies noted [110]. Employee and Talent Management - The company has over 3,800 employees, with a focus on attracting and retaining talent to support business growth [48]. - Employee compensation accounted for 92.56% of total operating costs, amounting to ¥574,596,877.23, with a year-on-year increase of 26.00% [63]. - The total number of employees at the end of the reporting period was 3,833, with 1,837 in the parent company and 1,996 in major subsidiaries [147]. - The company has implemented various training programs for employees, including management training and technical skills training [150]. - The total number of core technical personnel's compensation accounted for 21.74% of the total compensation in 2022, down from 28.28% in 2021 [149]. Environmental and Social Responsibility - The company made a donation of RMB 200,000 to Peking University Education Foundation and RMB 12,000 to Tongling Red Cross to support education and assist disabled individuals [165]. - The company promotes green office practices, including energy-saving measures and paperless operations, to achieve sustainability [165]. - The company has not faced any administrative penalties related to environmental issues during the reporting period [164]. Future Outlook - The company provided a future outlook, projecting a revenue growth of 15% for the upcoming fiscal year, aiming for a target of approximately 3,048 million [114]. - The company plans to integrate Anshuo Credit and Anshuo Data equity, aiming to enhance its market advantage and data processing capabilities in the enterprise credit big data business [94]. - The company is considering strategic acquisitions to enhance its market position, targeting firms with a combined revenue of 500 million [130]. - The company has initiated a new strategy focusing on digital transformation, aiming to invest 80 million in technology upgrades over the next two years [114].