SGSG(300561)2023-04-17 16:00Financial Performance - The company's operating revenue for 2022 was RMB 157,291,881.40, a decrease of 5.94% compared to RMB 167,231,209.32 in 2021[17] - The net profit attributable to shareholders for 2022 was RMB 7,447,677.38, down 47.49% from RMB 14,183,070.66 in the previous year[17] - Basic earnings per share decreased by 50.00% to RMB 0.02 in 2022, compared to RMB 0.04 in 2021[17] - The company reported a net profit of 2,369,938.05 yuan for the year 2022, a decrease from 6,961,554.78 yuan in 2021, reflecting a decline of approximately 66%[23] - The company reported a significant drop in net profit after deducting non-recurring gains and losses, which was RMB 5,077,739.33, down 29.69% from RMB 7,221,515.88 in 2021[17] - The company’s government subsidies amounted to 720,700 yuan in 2022, down from 3,130,445.27 yuan in 2021, indicating a significant reduction of approximately 77%[23] - The company reported a significant increase in gross profit margin compared to the previous year, reflecting improved operational efficiency[119] Cash Flow and Assets - The net cash flow from operating activities improved significantly to RMB 16,421,479.36, a 177.05% increase from a negative cash flow of RMB -21,311,512.61 in 2021[17] - Total assets at the end of 2022 were RMB 713,255,373.82, a decline of 3.17% from RMB 736,607,619.49 at the end of 2021[17] - As of the end of 2022, cash and cash equivalents decreased to ¥25,073,571.69, accounting for 3.52% of total assets, down from 6.80% at the beginning of the year, a decrease of 3.28%[77] - Accounts receivable increased to ¥87,730,746.50, representing 12.30% of total assets, up from 10.32%, an increase of 1.98%[77] - Investment properties accounted for 42.28% of total assets at ¥301,591,870.00, primarily due to the recognition of certain owned properties as investment properties[77] - Fixed assets decreased significantly to ¥38,936,915.00, representing 5.46% of total assets, down from 44.76%, a decrease of 39.30%[77] Business Operations and Strategy - The company has developed integrated solutions for cash management and security control in the banking sector, covering major banks in China, including state-owned and foreign banks[28] - The company’s main business involves providing "cloud + terminal" solutions utilizing technologies such as IoT, AI, and edge computing to enhance operational management and risk control for financial institutions[29] - The company is focusing on optimizing organizational structure to enhance employee creativity and operational efficiency[48] - The company is implementing a digital management strategy to improve project management efficiency and internal resource utilization[47] - The company aims to enhance bank cash operation risk prevention capabilities through technological advancements in its product offerings[68] - The company is exploring potential mergers and acquisitions to enhance its product offerings and market share, with a budget of CNY 200 million allocated for this purpose[119] Research and Development - The company has 147 authorized patents, including 28 invention patents, and has added 24 new authorized patents during the reporting period[41] - The company focuses on independent research and development, with a strategy of "one generation for sales, one for research, and one for pre-research" to enhance its core competitiveness[37] - The company’s AI authentication solutions incorporate facial recognition and voice recognition technologies, aimed at supporting banks in their digital transformation efforts[32] - The R&D investment for new products and technologies reached CNY 50 million, representing a 20% increase compared to the previous year[119] - The company’s research and development expenses were approximately ¥22.06 million, a slight decrease of 1.05% compared to the previous year[66] Governance and Compliance - The company has established a complete and independent financial department, ensuring compliance with financial accounting standards[108] - The company has a robust internal audit system to evaluate financial operations and mitigate business risks[105] - The company ensures independence from its controlling shareholders in business, personnel, assets, and financial matters[107] - The company has implemented a systematic performance evaluation and incentive mechanism for senior management[105] - The company adheres to strict information disclosure practices, ensuring transparency and equal access to information for all shareholders[105] - The company has committed to maintaining a strong governance structure and ensuring compliance with relevant laws and regulations to protect shareholder interests[103] Shareholder Relations - The company plans to distribute a cash dividend of RMB 0.38 per 10 shares, based on a total of 328,107,975 shares[3] - The company has a structured approach to managing share transfers to minimize market disruption[149] - The company has established a plan for shareholder returns, emphasizing the importance of reasonable investment returns for investors[150] - The company has committed to a profit distribution policy, ensuring cash dividends to investors according to the established guidelines[150] - The company has made a commitment to repurchase shares if there are any misleading statements or omissions in its prospectus[150] Market Presence and Customer Base - The company’s user base includes a wide range of banking institutions, ensuring a comprehensive coverage of its solutions across the banking sector[28] - The bank self-service cash management system accounted for 46.85% of total revenue, declining by 10.47% from the previous year[54] - The bank cash flow internal control system contributed 24.58% of total revenue, with a significant drop of 20.42% year-on-year[54] - The Southwest region saw a revenue increase of 53.68%, contributing 20.69% to total revenue[54] - The company’s top five customers accounted for 68.92% of total annual sales, with the largest customer contributing ¥28.27 million, representing 18.02% of total sales[64] Employee and Labor Relations - The total number of employees at the end of the reporting period is 236, with 111 being technical personnel, representing 47% of the workforce[129] - Employee compensation totaled 47.69 million RMB, accounting for 30.02% of the company's total operating costs[131] - The proportion of core technical personnel increased from 15.39% in 2021 to 18.50% in 2022[131] - The company emphasizes training programs for new employees and management skills enhancement for mid-to-senior level personnel[132] - The company has implemented a performance-based compensation system to align employee responsibilities and benefits[131] Risk Management - The company acknowledges potential risks in product innovation, market expansion, and reliance on core technical talent, which may impact future performance[3] - The company emphasizes risk control and has established a comprehensive financial system to support steady business growth[45] - The company faces risks related to product innovation, market expansion, and reliance on the banking sector, which could impact its operational stability and growth[98][99] - There are no significant internal control deficiencies reported during the period, ensuring effective risk management[139] Social Responsibility - The company has established a charity foundation and actively engages in social welfare projects, including support for local children's welfare institutions[145] - The company adheres to legal regulations and has a robust governance structure to protect shareholder and creditor rights[146] - The company emphasizes employee rights protection by complying with labor laws and providing a secure working environment[146]