Financial Performance - Net profit for the year reached RMB 421,473 thousand, a 25% increase compared to RMB 337,396 thousand in 2020[7]. - Revenue from platform services amounted to RMB 48,484 thousand, reflecting a 38% growth from RMB 35,034 thousand in the previous year[7]. - The company's main business revenue decreased by 9.3% year-on-year to RMB 575.3 million for the year ended December 31, 2021, down from RMB 634.1 million[42]. - Revenue from digital financial solutions decreased by 6.7% year-on-year to RMB 430.0 million, primarily due to a strategic shift towards platform services and lower interest rates to support SMEs[48]. - Revenue from the sale of supply chain assets decreased by 31.2% year-on-year to RMB 95.2 million, attributed to a reduction in interest yield and total assets sold[49]. - The group recorded other income of RMB 225.7 million in 2021, an increase of RMB 179.9 million or 393.1% year-on-year, primarily due to the gain from acquiring 40% equity in Wuxi Guojin amounting to RMB 204.8 million[50]. - Total operating expenses increased by 23.4% year-on-year to RMB 232.6 million, driven by an increase in employee costs of RMB 35.7 million and depreciation and amortization of RMB 5.2 million[52]. - Net profit for 2021 was RMB 421.5 million, representing a year-on-year growth of RMB 84.1 million or 24.9%[54]. User Growth and Platform Development - Total cumulative platform users exceeded 10,300, representing a 39% increase from 7,400 users as of December 31, 2020[7]. - The average daily platform inclusive matching balance increased to RMB 16.24 million, an 83% year-over-year growth[29]. - The company has developed its own fintech platform, "Shengyitong Cloud Platform," integrating various technologies to enhance risk management and customer experience[19]. - The company provides smart enterprise solutions and supply chain procurement systems to strengthen its position as a one-stop service platform in the supply chain ecosystem[22]. Strategic Partnerships and Collaborations - The company has established partnerships with 86 funding partners as of December 31, 2021, compared to 46 partners in the previous year, indicating strong growth in collaboration[7]. - The company has secured a national-level project for smart construction sites, enhancing its technological capabilities in the industry[11]. - Strategic cooperation agreements have been signed with Wuxi Economic Development Zone to accelerate fintech research and development[14]. - The company has established strategic cooperation with Tencent Cloud in the "Smart Construction" field to accelerate the digital upgrade of the infrastructure industry[15]. - The group established a strategic partnership with Tencent Cloud to build a "Smart Construction + Digital Supply Chain" platform[35]. Investment and Financial Strategy - The company plans to utilize the proceeds of HKD 550.8 million from a rights issue for technology investment and business expansion[14]. - The group secured RMB 525 million in offshore syndicated loans based on accounts receivable supply chain assets in Q1 2021[29]. - The group completed a placement of HKD 550.8 million in October 2021, bringing in Wuxi Transportation Group as a strategic shareholder[29]. - The company has pledged bank deposits of RMB 429.3 million and various supply chain assets with a total book value of RMB 2,160.8 million to secure financing as of December 31, 2021[74]. Corporate Governance and Compliance - The company has adhered to the corporate governance code as per the listing rules for the fiscal year ending December 31, 2021[105]. - The board consists of two executive directors, one non-executive director, and four independent non-executive directors as of December 31, 2021[109]. - The company aims to maintain a high standard of corporate governance to enhance shareholder confidence[105]. - The company has established a risk management committee to ensure compliance with legal and regulatory requirements[108]. - The company has established procedures for handling and disseminating inside information, complying with the listing rules[160]. Employee and Management Development - As of December 31, 2021, the group had a total of 347 employees, an increase from 287 employees as of December 31, 2020[79]. - Total employee costs for the year ended December 31, 2021, were approximately RMB 172.4 million, up from RMB 123.4 million for the year ended December 31, 2020[79]. - The group has implemented a comprehensive incentive plan to reward existing senior management and retain new senior management[79]. - The group is committed to improving and optimizing its compensation and benefits policies to maintain competitiveness in the market[79]. ESG and Social Responsibility - The company has received an ESG rating of "A" from MSCI, ranking among the top in the fintech sector[16]. - The company has integrated ESG themes into its strategic and business focus, reflecting its commitment to social responsibility and sustainable development[16]. - Charitable donations for the year amounted to RMB 3.3 million, an increase from RMB 1.1 million in 2020[186]. Market Position and Future Outlook - The company aims to become the most trusted supply chain technology platform in the Asia-Pacific region through technological leadership and platform development[16]. - The group aims to expand into the industrial technology sector, evidenced by winning the smart construction project for Shenzhen Pengcheng Laboratory[28]. - The group aims to become the most trusted supply chain technology platform in the Asia-Pacific region, focusing on digital finance and industrial technology as growth engines[59].
盛业(06069) - 2021 - 年度财报