INESA-it(SH:600602)2022-03-28 16:00Financial Performance - The company's total revenue for 2021 was approximately CNY 4.99 billion, representing an 8.77% increase compared to 2020[21]. - Net profit attributable to shareholders for 2021 was approximately CNY 256.70 million, a 3.00% increase from the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 154.48 million, showing a decrease of 23.63% year-on-year[21]. - The net cash flow from operating activities for 2021 was approximately CNY 156.13 million, a significant decline of 66.47% compared to 2020[21]. - The total assets at the end of 2021 amounted to approximately CNY 6.93 billion, reflecting a 10.82% increase from the previous year[21]. - The net assets attributable to shareholders at the end of 2021 were approximately CNY 4.45 billion, an increase of 3.72% year-on-year[21]. - Basic earnings per share for 2021 was CNY 0.188, a 3.30% increase compared to CNY 0.182 in 2020[22]. - Diluted earnings per share for 2021 was also CNY 0.188, reflecting the same 3.30% increase from 2020[22]. - The company achieved operating revenue of CNY 4.993 billion and a net profit attributable to shareholders of CNY 257 million, with a net cash inflow from operating activities of CNY 156 million[38]. Dividends and Capital Management - The company plans to distribute a cash dividend of CNY 0.57 per 10 shares, totaling approximately CNY 77.96 million, which accounts for 30.37% of the net profit for the year[6]. - The company does not plan to increase capital reserves through stock conversion for the 2021 fiscal year[6]. Operational Highlights - The company reported a net cash flow from operating activities of CNY 540,974,173.19 in Q4 2021, a significant recovery from previous quarters[24]. - The company completed the first phase of its big data computing center in Songjiang District, which won the "Yangtze River Delta Green Low-Carbon Demonstration Data Center" award[34]. - The company has developed a comprehensive data open platform and a lake-warehouse integrated digital platform, covering all dimensions of data management[34]. - The "Suishin Code" platform, managed by the company, has over 65 million users and has been used more than 4 billion times, significantly aiding in pandemic control in Shanghai[37]. - The company has established partnerships with major cloud service providers like Microsoft Azure, Huawei Cloud, and Alibaba Cloud to enhance its cloud service capabilities[34]. Research and Development - R&D expenses amounted to CNY 370 million, accounting for 7.42% of operating revenue, reflecting a 23.84% increase from the previous year[47]. - The company has a total of 1,175 R&D personnel, accounting for 46% of the total workforce[58]. - The company has filed for 75 intellectual property rights, including 28 invention patents and 31 software copyrights during the reporting period[43]. Market Strategy and Expansion - The company aims to expand its market presence in the Yangtze River Delta, Pearl River Delta, and Beijing-Tianjin-Hebei regions through comprehensive digital solutions[33]. - The company is focusing on the development of core software products covering various fields, enhancing its competitive edge in software and information services[43]. - The company is actively involved in the construction of the Shanghai Electronic Government Cloud IaaS, PaaS, and DaaS platforms, further solidifying its role in digital governance[34]. Compliance and Governance - The company conducted a self-assessment of its governance structure, confirming compliance with relevant laws and regulations, and found no discrepancies in governance practices[94]. - The board of directors actively participated in specialized training to enhance governance standards, ensuring all members fulfilled their responsibilities diligently[94]. - The company has strengthened its compliance system to mitigate legal risks and ensure effective governance structure[97]. Risk Management - The company has outlined potential risks in its future development strategy, which investors should be aware of[7]. - The company emphasizes the importance of compliance risk management, addressing operational, safety, and ideological risks to ensure sustainable development[88]. - The company recognizes the potential impact of macroeconomic environment risks on market demand for smart city solutions[88]. Employee and Management Information - The total number of employees in the company and its main subsidiaries is 2,554, with 56 in the parent company and 2,498 in subsidiaries[126]. - The company has a diverse management team with extensive experience in various sectors, including finance, engineering, and technology[103]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 4.22 million CNY[100]. Legal and Financial Matters - The company has ongoing significant litigation matters, including a civil lawsuit involving a claim of RMB 23,890,671.59, with an outstanding amount of RMB 20,694,732.92 remaining[163]. - The company reported actual related party transactions for 2021 amounting to RMB 27,568.58 million, compared to an estimated RMB 29,227.23 million[167]. - The company has confirmed that there are no significant violations or penalties against its directors, supervisors, or senior management during the reporting period[166].