SGSG(300561)2022-04-24 16:00Financial Performance - The company's operating revenue for 2021 was ¥167,231,209.32, a decrease of 17.99% compared to ¥203,926,202.98 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥14,183,070.66, down 17.95% from ¥17,285,190.02 in the previous year[18]. - The net cash flow from operating activities was negative at -¥21,311,512.61, a decline of 143.59% compared to ¥48,893,909.05 in 2020[18]. - Basic earnings per share for 2021 were ¥0.04, a decrease of 20.00% from ¥0.05 in 2020[18]. - Total assets at the end of 2021 were ¥736,607,619.49, a decrease of 2.70% from ¥757,055,186.51 at the end of 2020[18]. - The net assets attributable to shareholders at the end of 2021 were ¥660,663,086.89, down 0.90% from ¥666,671,271.63 in 2020[18]. - The company reported a weighted average return on equity of 2.14% for 2021, down from 2.59% in 2020[18]. - The net profit after deducting non-recurring gains and losses for 2021 was ¥7,221,515.88, a decrease of 5.21% from ¥7,618,046.04 in 2020[18]. - The company achieved a revenue of 167.23 million yuan in 2021, a decrease of 17.99% compared to the previous year[46]. - The software and information technology segment accounted for 99.77% of total revenue, with a revenue of 166.85 million yuan, reflecting an 18.18% decrease year-on-year[51]. Cash Flow and Investments - The net cash flow from operating activities in 2021 was -¥21,311,512.61, a significant decline of 143.59% compared to the previous year, primarily due to reduced sales collections[73]. - The net cash flow from investment activities improved by 130.79% in 2021, reaching ¥19,134,079.61, mainly due to a decrease in the amount spent on construction projects[73]. - The company reported a decrease in cash inflow from operating activities by 35.23% to ¥185,022,103.85 in 2021[73]. - The company experienced a 27.61% decline in net cash flow from financing activities, totaling -¥30,956,268.62, due to the absence of new bank loans[73]. - The total investment amount for the reporting period was ¥36,328,879.31, a decrease of 40.78% compared to the previous year's investment of ¥61,342,123.24[83]. Market and Product Development - The company operates in the software and information technology services industry, focusing on financial technology solutions, which are less affected by economic cycles compared to traditional industries[31]. - The company provides integrated solutions for cash management and security control for financial institutions, leveraging technologies such as IoT and AI[30]. - The market demand for intelligent business library products has increased following the implementation of new security standards in the banking sector[29]. - The company has developed a range of solutions including cash management systems and intelligent business library management systems, positioning itself as a leader in this niche market[30]. - The financial technology development plan issued by the People's Bank of China aims to accelerate the digital transformation of financial institutions, creating new opportunities for the company[30]. - The company is focusing on optimizing its organizational structure to enhance employee creativity and operational efficiency[48]. - The company is advancing its integrated product development and customer relationship management systems to improve data analysis and management decision-making[48]. - The company is actively expanding its product offerings and business solutions to meet customer needs and enhance market presence[47]. Research and Development - The company has obtained 26 invention patents, 80 utility model patents, 23 design patents, and 41 software copyrights, demonstrating strong R&D capabilities[41]. - The company has established research partnerships with several universities, enhancing its technology development and application capabilities[41]. - In 2021, the company's R&D investment amounted to ¥22,289,514.97, representing 13.33% of operating revenue, an increase from 12.72% in 2020[73]. - The number of R&D personnel decreased by 9.18% from 98 in 2020 to 89 in 2021, with a slight decline in the proportion of R&D staff from 34.38% to 34.10%[73]. Governance and Compliance - The company has held 1 annual general meeting and 5 extraordinary general meetings during the reporting period, ensuring compliance with governance regulations[108]. - The board of directors convened 11 meetings, maintaining adherence to legal and regulatory requirements[108]. - The supervisory board held 9 meetings, ensuring oversight of the company's financial status and compliance[108]. - The company maintains independence from its controlling shareholder in terms of business operations, personnel, assets, and finances[111]. - The company has established a complete and independent financial department, ensuring proper financial accounting and tax compliance[112]. - The company emphasizes continuous monitoring of market conditions and technological trends to enhance profitability and meet market demands[103]. - The company has committed to maintaining a governance structure that includes a general meeting of shareholders, a board of directors, and a supervisory board to safeguard investor interests[168]. Challenges and Risks - The company acknowledges potential risks in product innovation, market expansion, and reliance on banking, which may impact future performance[5]. - The company faces product innovation development risks due to the rapid advancement of technology and increasing regulatory scrutiny in the financial sector, necessitating timely adaptation to market demands[101]. - The company is primarily dependent on the banking industry, and any downturn in this sector could significantly impact its operations and growth[102]. - The company faces risks of declining gross margins due to intense competition in the fintech sector, necessitating continuous innovation and market share maintenance[102]. Employee and Management - The company has a professional management team with extensive industry experience, emphasizing risk control and steady growth[45]. - The total remuneration for the board of directors, supervisors, and senior management amounted to 551.17 million CNY[130]. - Chairwoman and General Manager Chen Zhe received a total pre-tax remuneration of 141.60 million CNY[130]. - The company has established a talent management system to attract and retain core technical personnel, enhancing team stability[103]. - The total hours of outsourced labor amounted to 42,070 hours, with total payments for outsourced labor reaching CNY 978,049[144]. Future Outlook - The company plans to expand its market presence and is focusing on new product development and technological advancements in the upcoming fiscal year[121]. - Future outlook indicates a projected revenue growth of 10% for 2022, driven by new product launches and market expansion strategies[172]. - The company plans to implement a new customer loyalty program, targeting a 15% increase in repeat purchases by the end of 2022[173]. - The company is investing heavily in R&D, with an allocation of 200 million yuan for the development of new technologies and products in 2022[173].