Hunan (SH:600476)2022-05-24 16:00Financial Performance - In 2021, the company achieved operating revenue of RMB 463,138,440.67, representing a year-on-year increase of 35.58% compared to RMB 341,609,383.11 in 2020[23]. - The net profit attributable to shareholders of the listed company for 2021 was RMB 3,953,653.84, a decrease of 10.53% from RMB 4,418,817.59 in 2020[23]. - Basic earnings per share decreased by 7.41% to CNY 0.025 in 2021 compared to CNY 0.027 in 2020[24]. - The weighted average return on equity decreased by 0.38 percentage points to 2.450% in 2021 from 2.830% in 2020[24]. - The company reported a total revenue of CNY 231,146,871.79 in Q4 2021, with a significant increase in user data and market expansion efforts[25]. - The net profit attributable to shareholders was CNY 18,119,927.32 in Q4 2021, showing recovery from previous losses in earlier quarters[25]. - The company achieved a net cash flow from operating activities of CNY 97,114,666.50 in Q4 2021, indicating improved operational efficiency[26]. - The company reported a net cash flow from operating activities decreased by 76.52% to RMB 16,987,073.27 in 2021, down from RMB 72,333,797.22 in 2020[23]. - Operating costs increased by 41.80% to CNY 386.46 million, primarily due to the corresponding rise in revenue[47]. - The company reported a net loss of ¥147,845,755.20 in 2021, slightly improved from a loss of ¥151,799,409.04 in 2020[188]. Assets and Liabilities - Total assets increased by 52.25% to RMB 625,072,624.26 at the end of 2021, compared to RMB 410,545,443.73 at the end of 2020[23]. - Total liabilities increased to ¥461,097,733.32 in 2021 from ¥251,902,449.69 in 2020, indicating an increase of 83.1%[188]. - Current assets rose to ¥473,279,174.88 in 2021, up from ¥334,549,777.31 in 2020, marking a 41.5% increase[187]. - Accounts receivable surged to ¥192,551,561.26 in 2021, compared to ¥92,728,980.15 in 2020, reflecting a growth of 107.5%[191]. - Cash and cash equivalents reached ¥130,937,278.49 in 2021, an increase from ¥111,246,306.21 in 2020, which is a rise of 17.5%[186]. - Inventory increased to ¥62,029,714.17 in 2021 from ¥47,139,777.69 in 2020, representing a growth of 31.5%[191]. - Total equity attributable to shareholders increased to ¥163,974,890.94 in 2021 from ¥158,642,994.04 in 2020, a growth of 3.3%[188]. Research and Development - In 2021, the company increased R&D investment, hiring 140 technical personnel, bringing the total to 380, with 298 in R&D, accounting for 48%[36]. - Total R&D investment amounted to ¥16,459,016.45, which is 3.55% of operating revenue, with 50.61% of R&D costs capitalized[62]. - Research and development expenses for 2021 were ¥8,128,839.42, down 25.0% from ¥10,823,153.36 in 2020[195]. - The company aims to enhance its technology ecosystem's risk resistance and innovation capabilities through long-term cultivation in foundational research and cutting-edge technology[124]. - The company is committed to increasing R&D investment and attracting high-end talent to enhance product competitiveness[87]. Market Expansion and Strategy - The company expanded its market presence by promoting core technologies and products in various sectors, including partnerships with major automotive manufacturers[33]. - The financial sector saw significant growth, with the company advancing its inclusive finance projects across multiple provinces, enhancing its competitive position[34]. - The company successfully launched multiple platform projects, including vehicle management and payment aggregation systems, to deepen market penetration[34]. - The company is focusing on developing digital postal services and cloud solutions to meet the evolving needs of the postal industry[86]. - The company is actively expanding its market presence by collaborating with government departments and quality enterprises in digital development projects[86]. Governance and Management - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has established a big data infrastructure and developed a series of products to support its core business direction[44]. - The company’s financial audit for 2021 will be conducted by a reputable accounting firm, ensuring transparency and accountability[98]. - The company continues to strengthen its governance structure by appointing experienced professionals in various roles[106]. Risks and Challenges - The company has identified potential risks in its future development, which are detailed in the management discussion section[8]. - The company faces risks due to slow development in high-margin businesses, impacting high-quality growth capabilities[89]. - Market expansion capabilities need strengthening, with a lack of comprehensive professional personnel for client demand exploration[89]. - There is a shortage of core talents in key technology areas such as cloud computing, big data analysis, artificial intelligence, and blockchain[89]. Compliance and Internal Control - The company has established a robust internal control management system to ensure compliance and asset security, which has been audited and deemed effective[132]. - The company has not reported any significant internal control deficiencies during the reporting period[130]. - The company’s financial reports were deemed accurate and complete, with no significant errors or omissions identified[115]. - The audit committee held 4 meetings during the reporting period, reviewing the 2020 annual financial audit and internal control audit without any objections[115]. Shareholder Information - The total number of ordinary shareholders increased from 18,673 to 20,065 during the reporting period[159]. - Beijing Zhongyou Asset Management Co., Ltd. holds 53,128,388 shares, accounting for 32.98% of total shares[160]. - The controlling shareholder is Beijing Zhongyou Asset Management Co., Ltd., which is a state-owned entity[162]. - The actual controller is China Post Group Co., Ltd., which holds 55,847,933,782 shares in various listed companies[163].