Nexwise(301248)2023-04-24 16:00Financial Performance - The company reported a decline in performance due to macroeconomic downturns, with market expansion and project implementation progress slowing down [4]. - The company's operating revenue for 2022 was ¥750,564,198.67, a decrease of 20.18% compared to ¥940,284,987.33 in 2021 [19]. - Net profit attributable to shareholders for 2022 was ¥56,237,852.69, down 46.52% from ¥105,151,528.61 in 2021 [19]. - The net profit excluding non-recurring gains and losses was ¥33,029,361.03, a decline of 63.32% from ¥90,039,089.31 in 2021 [19]. - The basic earnings per share for 2022 was ¥0.6, a decrease of 56.20% compared to ¥1.37 in 2021 [19]. - The company experienced a significant decline in weighted average return on equity, dropping to 4.51% in 2022 from 18.41% in 2021 [19]. - The company reported a total of ¥23,208,491.66 in non-recurring gains for 2022, compared to ¥15,112,439.30 in 2021 [24]. - The company achieved operating revenue of 750.56 million yuan, a decrease of 20.18% compared to the same period last year, primarily due to a slowdown in economic development and declining market demand [69]. - Net profit attributable to shareholders was 56.24 million yuan, down 46.52% year-on-year, while the net profit excluding non-recurring gains and losses was 33.03 million yuan, a decrease of 63.32% [69]. Profit Distribution - The profit distribution plan approved by the board is a cash dividend of 2 RMB per 10 shares (including tax) and a capital reserve increase of 5 shares for every 10 shares held [4]. - The total number of shares for the profit distribution plan is 102,470,000 shares [4]. - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, totaling CNY 20,494,000.00, and to increase capital by 5 shares for every 10 shares held, resulting in an increase of 51,235,000 shares [181][184]. - The total distributable profit for 2022 after accounting for the cash dividend was CNY 298,019,257.72 [181]. Assets and Liabilities - The total assets at the end of 2022 increased by 47.35% to ¥2,248,730,507.91 from ¥1,526,146,182.51 at the end of 2021 [19]. - The net assets attributable to shareholders rose by 158.32% to ¥1,611,073,170.46 at the end of 2022 from ¥623,665,686.67 at the end of 2021 [19]. - The company reported a net cash flow from operating activities of -5.34 million yuan, an improvement of 82.97% year-on-year, attributed to enhanced management of receivables and faster collection [69]. - The company’s fixed assets increased significantly to 321,100,292.45 yuan, representing 14.28% of total assets, due to the completion of construction projects [95]. - The company reported a total of RMB 327,433,460.06 in restricted assets, primarily due to cash guarantees and mortgage loans [101]. Research and Development - The company has established R&D centers in Beijing, Guangzhou, and Wuhan, focusing on technology and product development [58]. - R&D expenditure for the reporting period was 63.72 million yuan, an increase of 2.11% year-on-year, accounting for 8.49% of operating revenue [64]. - The number of R&D personnel increased to 183 in 2022, up by 12.96% from 162 in 2021, with R&D personnel accounting for 24.30% of the total workforce [89]. - The company is developing an identity recognition chip and application, aiming to integrate RFID and facial recognition technologies [86]. - The company is focusing on hybrid augmented intelligence research to address challenges in complex environments and expand market competitiveness [86]. Market and Industry Trends - The company operates in the software and information technology services industry, which is a core sector of the digital economy [27]. - The investment scale for smart cities in China is projected to reach $38.9 billion in 2023, indicating significant market potential [39]. - The company actively engages in the development of 5G, big data, and cloud computing, positioning itself as a leader in these fields [42]. - The smart city industry is characterized by high technical barriers and rapid iteration, with applications expanding across multiple sectors [35]. - The company anticipates that the demand in its industry will continue to grow despite short-term economic pressures, with government policies supporting long-term development [118]. Governance and Management - The company maintains independence from its controlling shareholders in assets, personnel, finance, and operations [149]. - The company has a total of 6 independent directors, ensuring compliance with governance standards [154]. - The company has established a performance assessment system for determining the remuneration of its directors and senior management [168]. - The company has implemented a comprehensive internal control system in compliance with relevant laws and regulations [187]. - The company has been actively restructuring its board and management team to improve governance and operational efficiency [156]. Employee and Talent Management - The company employed a total of 753 staff members, including 361 technical personnel and 183 R&D personnel [177]. - The company has implemented a training development system to enhance employee skills and align with business needs, including a mentorship program for new hires [179]. - The company has a policy to ensure fair and competitive compensation based on performance, with total employee remuneration comprising monthly salary, year-end bonuses, and other benefits [179]. - The number of R&D personnel with a bachelor's degree increased by 15.63% to 111 in 2022, indicating a focus on higher education qualifications [89]. Risks and Challenges - The company faces risks such as intensified market competition and underwhelming R&D outcomes in the future [4]. - There is a risk of bad debts from accounts receivable due to the project-based payment structure in the smart city industry, which can lead to delayed payments from clients [136]. - The company faces risks related to R&D outcomes, as high technical difficulty in product development may hinder timely market launches [135]. - The company has implemented measures such as customer credit approval and aging warnings to control accounts receivable and bad debt risks [136]. Strategic Initiatives - The company aims to enhance the digital transformation of traditional industries, aligning with national policies to boost the digital economy [44]. - The company plans to invest 100 million in new technology development over the next two years [173]. - The company is committed to integrating new generation information technologies, including 5G and AI, into its existing products and platforms to create competitive core products [128]. - The company will implement a market-oriented R&D innovation system, linking product development to market expansion outcomes [129].