Financial Performance - The company's revenue for 2021 was RMB 590,324,000, an increase from RMB 509,418,000 in 2020, representing a growth of approximately 15.9%[51] - The gross profit for 2021 was RMB 410,352,000, compared to RMB 425,984,000 in 2020, indicating a decrease of about 3.7%[51] - The company reported a loss before tax of RMB (193,228,000) for 2021, a significant decline from a profit of RMB 23,619,000 in 2020[51] - The net loss attributable to equity holders of the parent for 2021 was RMB (185,070,000), compared to a profit of RMB 33,392,000 in 2020[51] - Basic loss per share for 2021 was RMB (62.2), a decline from earnings of RMB 10.4 per share in 2020[51] - The total revenue for the reporting period was RMB 590.32 million, a 16% increase compared to the previous year, while the net loss attributable to shareholders was RMB 185.07 million, compared to a profit of RMB 33.39 million in the prior year[73] - The gross profit margin decreased to 70% from 84% in the previous year, reflecting a 14% decline[101] - The company reported a net cash outflow from operating activities of RMB 90.73 million, compared to a net inflow of RMB 90.52 million in the previous year[130] - The company incurred a net loss attributable to equity holders of RMB 185.07 million for the year, compared to a profit of RMB 33.39 million in the previous year[126] Cloud Services Growth - The company achieved a total revenue of RMB 590.32 million in 2021, representing a 16% increase year-over-year, with cloud service revenue reaching RMB 505.37 million, up 111% from the previous year[54] - The proportion of cloud service revenue in total revenue rose significantly from 47% to 86% during the reporting period, indicating a successful transformation towards cloud services[54] - The company's cloud service business achieved revenue of RMB 505.37 million, a 111% increase year-over-year, and accounted for 86% of total revenue, up from 47% the previous year[72] - SaaS subscription revenue reached RMB 258.68 million, representing a 123% year-over-year growth, with contract liabilities from SaaS subscriptions increasing by 72% to RMB 354.70 million[72] - The company is transitioning from a one-time revenue recognition model for licensed software to a subscription-based public cloud service model, which is expected to positively impact future business development and revenue growth[73] Market Strategy and Development - The company aims to enhance its cloud service offerings and expand its market presence in the small and micro enterprise sector[44] - The company plans to invest in new product development and technology to drive future growth and improve service offerings[44] - The company plans to focus on product application innovation and expand sales channels in 2022, aiming for breakthrough growth in total revenue and to capture a leading position in the small and micro enterprise cloud service market[58] - The company aims to implement a "Ten-Hundred-Thousand" plan to achieve large-scale customer acquisition across ten sub-sectors, with a goal of creating 100 ecosystem integration applications and best practice cases[61] - The company is focusing on small and micro enterprises in the digital finance and business sectors, leveraging its core strengths in financial capabilities and industry-specific applications[79] - The company plans to enhance its product competitiveness by continuously innovating in the digital finance and business sectors, while also expanding its market presence through channel advantages and ecological cooperation[70] Awards and Recognition - Chanjet was recognized as the "Best Cloud Tax Service Provider" at the GIEC 2021, highlighting its competitive position in the market[45] - The company received multiple awards, including "Best Cloud Financial Service Provider" at the GIEC2021, enhancing its market recognition[98] - The group achieved an order amount exceeding RMB 60 million during the reporting period, receiving accolades such as the "Best Co-Creation Award" from Alibaba Cloud and being recognized as one of the "Top Ten Benchmark Partners" in Huawei Cloud's Star Plan[84] Organizational Development - The company will continue to strengthen its organizational capabilities and talent development to ensure efficient operations and long-term healthy growth[64] - The group has increased its partner count by 33% compared to the end of the previous year, implementing the GOT (GOAL-OBJECTIVE-TASK) co-creation plan to enhance cloud business capabilities[84] - The company has been actively involved in the software industry since its inception, with key figures like Yang Yuchun and Chen Shuning contributing to its strategic direction and innovation[156][161] - The company has a strong governance structure with multiple independent directors providing oversight and financial judgment, including Liu Junhui and Chen Shuning, who have extensive backgrounds in accounting and finance[160][161] Financial Position and Liabilities - The total assets as of December 31, 2021, were RMB 1,624,344,000, slightly up from RMB 1,610,023,000 in 2020[51] - Total liabilities increased to RMB 700,955,000 in 2021 from RMB 343,922,000 in 2020, reflecting a rise of approximately 103.5%[51] - The current ratio as of December 31, 2021, was 257%, down from 513% as of December 31, 2020, primarily due to increased liabilities from employee stock ownership plans and deferred revenue from cloud services[136] - The company had no borrowings or interest-bearing debts, resulting in a capital debt ratio of 0% as of December 31, 2021[136] Research and Development - Research and development costs increased by 50% to RMB 242.56 million, up from RMB 161.69 million in the previous year[101] - The company is committed to improving customer satisfaction by providing additional services such as tax consulting and accounting training alongside its SaaS tools for digital transformation[61] Employee and Management Structure - The company has been led by President Yang Yuchun since January 9, 2017, who has over 20 years of experience in the Chinese software industry[156] - The company has a commitment to maintaining high standards of corporate governance, as evidenced by the diverse backgrounds of its board members, including experience in academia and public accounting[165][168] - The group provides platform services, application services, and data value-added services focused on financial and business cloud services for small and micro enterprises in China[191]
畅捷通(01588) - 2021 - 年度财报