But'one(SH:600455)2022-04-28 16:00Financial Performance - The net profit attributable to the parent company for 2021 was CNY 35,521,303.81, with an undistributed profit of CNY -152,836,052.34 as of December 31, 2021[4]. - The company proposed no profit distribution for 2021 due to the negative undistributed profits[4]. - The company achieved a total revenue of ¥237,762,416.52 in 2021, representing a year-over-year increase of 15.24%[31]. - Net profit attributable to shareholders reached ¥35,521,303.81, up 22.71% compared to the previous year[31]. - The net profit after deducting non-recurring gains was ¥34,894,340.24, reflecting a 24.91% increase year-over-year[31]. - The company's operating cash flow net amount was ¥131,568,437.00, a significant increase of 140.71% from the previous year[31]. - The weighted average return on equity rose to 18.12%, an increase of 0.45 percentage points from 2020[23]. - The operating profit reached ¥48,930,836.25, which is a 21.92% increase compared to the previous year[49]. - The company reported a net profit of 34.89 million yuan after deducting non-recurring gains and losses, reflecting a 24.91% year-on-year increase[79]. Revenue Sources - Main business revenue from higher education was ¥222,553,514.37, accounting for 94.56% of total main business revenue, with a growth of 14.60% year-over-year[32]. - The independent college's revenue primarily comes from student tuition and accommodation fees, along with other educational income[39]. - The computer information technology segment saw revenue increase by 21.47% to ¥12,811,689.40, with costs rising by 9.32%, leading to a gross margin increase of 5.57 percentage points[54]. - Software development revenue increased by 15.91% to ¥12,175,954.89, with a gross margin of 51.72%, while system integration revenue surged by 1396.63% but had a lower gross margin of 14.57%[54]. - Tuition and accommodation fees accounted for the majority of revenue in the higher education sector, totaling ¥222,553,514.37, with a gross margin of 52.07%[54]. Costs and Expenses - The company's main business cost for higher education was ¥106,677,680.92, which increased by 23.12% compared to the previous year[32]. - The main business cost for higher education was ¥113,099,038.91, which increased by 22.24% year-on-year[50]. - Total operating costs for 2021 amounted to CNY 189,503,285.94, up from CNY 167,613,693.00 in 2020, indicating an increase of 13.0%[197]. Assets and Liabilities - The company’s total assets at the end of 2021 were ¥875,709,778.04, a 9.51% increase from the end of 2020[31]. - Total liabilities increased to ¥567.28 million in 2021 from ¥540.52 million in 2020, reflecting a growth of about 4.9%[191]. - Shareholders' equity totaled ¥308.43 million in 2021, compared to ¥259.15 million in 2020, indicating an increase of approximately 19%[191]. - Cash and cash equivalents decreased to ¥218.56 million in 2021 from ¥321.00 million in 2020, a drop of about 31.9%[190]. Governance and Compliance - The company received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm for the 2021 financial statements[7]. - The company’s board of directors and supervisory board members confirmed the authenticity and completeness of the annual report[3]. - The company has strengthened its internal control and governance mechanisms in accordance with relevant regulations, enhancing its compliance and operational efficiency[91]. - The company has not encountered any insider trading incidents during the reporting period, maintaining strict control over insider information[91]. - The company continues to comply with the governance requirements set by the China Securities Regulatory Commission, with no significant discrepancies noted[91]. Future Plans and Risks - The company has outlined its future plans and strategies, emphasizing the importance of risk awareness for investors[5]. - The company is closely monitoring the policy changes regarding the registration of private schools as non-profit or for-profit entities, which could significantly impact future development[43]. - The company faces risks related to the dynamic policies in the private education sector, which may impact enrollment and investment in campus construction[83]. - The company is committed to improving internal controls and risk management to enhance its long-term profitability[80]. - The company aims to enhance its core competitiveness and profitability while managing risks and controlling costs in 2022[80]. Shareholder Information - The largest shareholder, Xi'an Economic Development Group Co., Ltd., holds 12,868,062 shares, accounting for 20.60% of the total shares[157]. - The second-largest shareholder, Zhou Yuguang, has 2,461,100 shares, representing 3.94% of the total shares[157]. - The actual controller is the Xi'an Economic and Technological Development Zone Management Committee, which oversees economic and social affairs in the development zone[162]. - The total number of ordinary shareholders has increased to 10,137, up from 9,626 in the previous month[155]. Employee Management - The company reported a total of 673 employees, with 376 in technical roles and 241 in administrative positions[116]. - Employee training programs are in place to enhance overall employee quality and competitiveness, including onboarding and ongoing technical training[119]. - The company emphasizes a performance-based salary system, linking compensation for mid-to-senior management to overall company performance[117]. Environmental and Social Responsibility - The company has invested in energy-saving and environmental protection initiatives, aligning with national policies for green development[131]. - The company has established a mechanism for sustainable development, focusing on improving production environments and labor productivity[131]. - The company is committed to employee rights, ensuring timely social insurance and health management[131].