BJBASHI(SH:600386)2022-03-17 16:00Financial Performance - In 2021, the company's operating revenue was approximately ¥4.31 billion, a decrease of 4.78% compared to ¥4.53 billion in 2020[19]. - The net profit attributable to shareholders was approximately ¥132.74 million, representing a significant increase of 94.69% from ¥68.18 million in the previous year[19]. - The net cash flow from operating activities increased by 22.09% to approximately ¥492.27 million, compared to ¥403.19 million in 2020[19]. - The company's total assets at the end of 2021 were approximately ¥4.39 billion, a decrease of 2.78% from ¥4.51 billion at the end of 2020[20]. - The net assets attributable to shareholders increased by 3.06% to approximately ¥1.84 billion, compared to ¥1.78 billion at the end of 2020[20]. - Basic earnings per share rose to ¥0.17, an increase of 88.89% from ¥0.09 in 2020[20]. - The weighted average return on equity increased to 7.29%, up by 3.45 percentage points from 3.84% in the previous year[20]. - The total operating revenue for 2021 was 4,308.70 million RMB, a decrease of 4.78% compared to the previous year[38]. - The operating cost for 2021 was 3,435.02 million RMB, down 9.33% year-on-year, primarily due to reduced sales in the automotive sector[41]. - The company reported a total profit of approximately ¥260.80 million for 2021, an increase of 111.1% from ¥123.41 million in 2020[184]. Cash Flow and Investments - The net cash flow from operating activities was 492.27 million RMB, up 22.09% compared to the previous year[38]. - Cash flow from operating activities was approximately ¥4.74 billion in 2021, down from ¥5.07 billion in 2020, a decrease of 6.4%[190]. - The cash flow from investing activities showed a net outflow of CNY 155,608,726.42, compared to a smaller outflow of CNY 46,598,192.81 in the previous year[192]. - Cash inflow from financing activities totaled CNY 513,617,614.76, while cash outflow was CNY 849,989,141.86, leading to a net cash outflow of CNY 336,371,527.10[192]. - The company paid CNY 3,664,272,713.10 for goods and services, a decrease from CNY 4,187,250,174.38 in 2020[191]. Revenue Segments - The automotive service segment contributed 3,314 million RMB in revenue, representing 78.90% of total operating revenue[40]. - The company’s advertising media business generated 347 million RMB in revenue, accounting for 8.25% of total operating revenue[40]. - The company’s electric vehicle charging service recorded 8.39 million charging sessions, with a revenue of 540 million RMB, an increase of 27.66% year-on-year[40]. - New energy business revenue increased by 27.84% to ¥539.7 million, with a gross margin increase of 6.13 percentage points to 38.25%[43]. - Automotive service business revenue fell by 8.31% to ¥3.31 billion, while gross margin increased by 4.27 percentage points to 11.98%[43]. Research and Development - Research and development expenses increased by 47.32% to 20.71 million RMB, reflecting the company's commitment to innovation[38]. - The company is investing in R&D for new technologies, with a budget allocation of 50 million aimed at enhancing service offerings and operational efficiency[90]. Market Trends and Strategies - The advertising media business segment saw an 11.2% year-on-year growth in the overall advertising market, indicating a positive market trend[29]. - The company aims to enhance its media marketing model and explore new business formats in the advertising sector to adapt to digital transformation trends[27]. - The company plans to focus on the integration of online and offline advertising channels in response to market trends[59]. - The automotive industry remains resilient, with the company actively participating in the transformation and upgrading of the sector, contributing to the overall economic stability[29]. Corporate Governance and Compliance - The company has established a robust internal control and compliance management system to mitigate operational risks[82]. - The company has a governance structure that complies with legal requirements, ensuring transparency and accountability[81]. - The company has not reported any incidents of information leakage or violations regarding insider information management[83]. - The company has not faced any penalties from securities regulatory authorities in the past three years[95]. Environmental and Social Responsibility - The company has established an emergency response plan for environmental incidents, including a dedicated task force to implement the plan[122]. - Tianjiao Company has actively participated in social responsibility initiatives, contributing to social and economic development[126]. - The company has transferred 74.01 tons of waste batteries and 120.51 tons of waste mineral oil during the reporting period, with no violations of emission regulations[119]. Future Outlook - The company plans to enhance customer service through the implementation of AI technologies, with an investment of 15 million allocated for this initiative[90]. - Future outlook includes a projected revenue increase of 20% for the next fiscal year, driven by new product launches and market expansion strategies[89]. - The company anticipates that the integration of traditional and new media advertising will become the mainstream marketing approach, driven by advancements in technology such as big data and artificial intelligence[72].