CSI(SH:600158)2022-04-25 16:00Financial Performance - The company's operating revenue for 2021 was CNY 1,515,063,184.46, a decrease of 24.11% compared to CNY 1,996,330,289.54 in 2020[24] - The net profit attributable to shareholders of the listed company was CNY 54,919,724.37, representing a slight increase of 1.79% from CNY 53,955,983.11 in the previous year[24] - The net cash flow from operating activities was negative at CNY -234,638,517.08, a decline of 301.05% compared to CNY 116,707,458.68 in 2020[24] - The total assets at the end of 2021 were CNY 5,576,335,512.40, an increase of 4.35% from CNY 5,343,922,844.50 in 2020[24] - The basic earnings per share for 2021 were CNY 0.0572, down 7.59% from CNY 0.0619 in 2020[27] - The weighted average return on net assets was 2.19% for 2021, showing a slight increase of 0.02 percentage points from 2.17% in 2020[27] - The company declared a cash dividend of CNY 0.18 per 10 shares, totaling CNY 17,271,235.21 distributed to shareholders[6] - The net assets attributable to shareholders of the listed company at the end of 2021 were CNY 2,534,520,355.50, reflecting a 1.54% increase from CNY 2,496,061,607.65 in 2020[24] - The company reported a decrease of 60.23% in net profit after deducting non-recurring gains and losses, amounting to CNY 41,570,000.63 compared to CNY 104,538,894.12 in 2020[24] Quarterly Performance - In Q1 2021, the company reported a revenue of ¥181,543,965.64, which increased to ¥808,281,951.79 by Q4 2021, showing a significant growth trend[28] - The net profit attributable to shareholders was negative in Q1 2021 at -¥53,734,688.01, but turned positive to ¥85,110,814.33 by Q4 2021, indicating a recovery in profitability[28] - The net cash flow from operating activities improved from -¥289,840,299.48 in Q1 2021 to ¥196,873,700.43 in Q4 2021, reflecting better cash management[28] Business Development - The company has established a new business layout focusing on sports events, sports media, and sports education, aiming to enhance its market position[36] - The company secured exclusive operational rights for major events, including the Beijing Marathon and the Chengdu Universiade, indicating successful market expansion[36] - The company is actively developing its sports training and education business, with its vocational college included in the "14th Five-Year" development plan[41] - The company is optimizing its technology resources in the sports lottery sector, focusing on system integration and expanding new channels[42] - The company aims to become a leader in high-quality development within the sports industry, aligning with national strategies such as "Healthy China" and "Sports Power" initiatives[36] Event Management - The company achieved growth in both domestic and international printing volumes, maintaining stable delivery volumes despite a decline in demand for thermal tickets[44] - The company successfully expanded its sports space coverage by signing 11 quality projects, including Beijing Yifangyuan Sports Health City and Guangdong Zhanjiang Olympic Center[45] - The company hosted over 200 events during the reporting period, including more than 20 national-level events, while also completing over 30 design consulting projects[45] - The company developed an integrated intelligent supervision platform for event activities and launched the community sports service guarantee platform, enhancing its digital capabilities[46] Financial Management - The company issued over 6,600 various certification documents during the reporting period, reflecting its strong performance in standardization services[48] - The company completed significant international projects, including technical assistance for sports facilities in Uganda and Niger, despite ongoing global pandemic challenges[49] - The company plans to enhance its event IP development and improve product and brand value in 2022, focusing on sustainable profit growth[53] - The company aims to accelerate the construction of a sports big data platform and the operation of sports data assets in its digital technology business[53] Risks and Opportunities - The company faces risks related to ongoing pandemic uncertainties, which may impact the scheduling of large-scale events and international business operations[54][55] - The company is positioned to benefit from supportive national policies and the hosting of major sports events, which are expected to drive overall industry growth[60] Business Segments - The company focuses on various business segments including event activities, sports communication, education and training, and digital technology platforms[64] - The company aims to enhance its brand value and service quality through high-level sports content and service systems in event activities[64] - The online digital technology platform will focus on the development of sports big data and digital marketing strategies to improve profitability[65] - The company has established a national layout in event activities, sports communication, education training, and other business areas[70] Governance and Compliance - The company has implemented strict governance measures in compliance with relevant laws and regulations to enhance operational quality and protect shareholder rights[110] - The company aims to strengthen its market position through strategic investments and partnerships in the sports industry[108] - The company has improved its internal control system to enhance operational management and risk prevention capabilities, ensuring compliance and asset safety[111] - The company strictly adhered to information disclosure regulations, ensuring timely and accurate reporting without any regulatory penalties for violations[114] Management and Compensation - The total compensation for the board of directors and senior management during the reporting period amounted to CNY 10.56 million[123] - The company has a total of 15 directors and supervisors, with a significant portion receiving compensation from related parties[123] - The chairman, Wang Weidong, received CNY 714,000 in compensation, while the president, Dan Tie, received CNY 557,500[123] - The total number of shares held by the board members at the end of the reporting period was not disclosed, indicating potential changes in shareholding[123] Social Responsibility - The company donated 350,000 yuan to support poverty alleviation efforts in Shanxi and Guizhou provinces during the reporting period[161] - The company is committed to supporting national poverty alleviation and rural revitalization initiatives as part of its social responsibility efforts[161] Restructuring and Transactions - The company announced the completion of a major asset restructuring transaction, with the approval from the China Securities Regulatory Commission (CSRC) on April 30, 2020[168] - The restructuring involved the issuance of shares and cash payment for asset acquisition, with the completion of asset transfer announced on June 18, 2020[168] - The company committed to avoiding unfair competition and conflicts of interest post-restructuring, ensuring fair treatment for minority shareholders[170] - The company will maintain a lock-up period of 36 months for newly issued shares following the transaction, with potential extensions based on stock performance[170]