ISS(SH:600756)2022-04-15 16:00Financial Performance - In 2021, the company achieved a net profit attributable to shareholders of RMB 42,130,429.57, a significant recovery from a net loss of RMB 86,208,456.92 in 2020, marking an increase of 148.87% year-on-year[5][25]. - The company's operating revenue for 2021 was RMB 1,830,187,737.29, representing a year-on-year growth of 37.72% compared to RMB 1,328,897,567.58 in 2020[23]. - The basic earnings per share for 2021 was RMB 0.13, a recovery from a loss of RMB 0.27 per share in 2020[25]. - The company reported a net profit after deducting non-recurring gains and losses of RMB 8,226,908.07 in 2021, compared to a loss of RMB 87,859,626.05 in 2020[23]. - The net profit attributable to shareholders reached 42,130,400 CNY, with a significant increase of 148.87% compared to the previous year[47]. - The company achieved a net profit attributable to shareholders of RMB 42,130,429.57 in 2021, and plans not to distribute profits or increase capital reserves this year[110]. Assets and Liabilities - The company's total assets increased by 7.82% year-on-year, reaching RMB 4,155,196,296.12 at the end of 2021, compared to RMB 3,853,754,996.59 at the end of 2020[24]. - The company's net assets attributable to shareholders increased by 1.95% year-on-year, totaling RMB 2,165,371,530.36 at the end of 2021[24]. - The asset-liability ratio increased to 47.88%, up by 3 percentage points from the previous period[47]. - Total liabilities reached ¥1,989,708,794.27 in 2021, up from ¥1,729,751,635.19 in 2020, reflecting a growth of approximately 15.0%[177]. - Owner's equity totaled ¥2,165,487,501.85 in 2021, compared to ¥2,124,003,361.40 in 2020, marking an increase of about 1.7%[177]. Cash Flow - The net cash flow from operating activities for 2021 was RMB 67,756,195.06, a decrease of 68.19% from RMB 213,002,941.75 in 2020[23]. - The company reported a net cash flow from investment activities improved to CNY 880,549,905.63 in 2021, compared to a negative CNY 243,942,815.45 in 2020[192]. - The cash inflow from investment activities was CNY 921,026,411.21 in 2021, significantly higher than CNY 308,767,363.00 in 2020, marking a 198.09% increase[192]. - The total cash and cash equivalents at the end of 2021 reached CNY 1,294,090,050.85, up from CNY 436,584,845.66 at the end of 2020[196]. - The company’s net cash increase for the year was CNY 857,505,205.19, compared to a decrease of CNY 31,190,938.27 in 2020[196]. Research and Development - The company’s R&D expenses were 242,274,967.45 CNY, showing a slight decrease of 0.35% from the previous year[48]. - The total R&D investment for the period was 278.21 million RMB, accounting for 15.20% of operating revenue[62]. - The number of R&D personnel was 629, representing 43.50% of the total workforce[63]. - The company has a strong focus on R&D, with 1,159 technical personnel out of the total workforce, emphasizing innovation and talent acquisition for future growth[106]. Market Position and Strategy - The company continued to enhance its digital government product system, maintaining a leading market share in integrated government service platform solutions in China[35]. - The market share of the company's integrated government service platform solutions stood at 19.4%, maintaining a leading position in China[40]. - The company is positioned as a strategic supplier of smart government solutions, focusing on consolidating its advantages in digital government and tobacco industry information technology[36]. - The company plans to deepen its industry presence by enriching integrated solutions for digital government and market regulation, while exploring new business areas[77]. - The company aims to enhance public platform development and improve product reuse as part of its strategy for high-quality development[76]. Governance and Compliance - The company has a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder rights[81]. - The company has established a board of directors with independent members actively participating in committees to enhance governance[81]. - The company has maintained effective internal controls over financial and non-financial reporting during the reporting period[116]. - The internal control audit report received a standard unqualified opinion, indicating no significant deficiencies were found[117]. - The company has not faced any penalties from securities regulatory authorities in the past three years[97]. Shareholder Relations - The company plans to implement a three-year shareholder return plan from 2021 to 2023[85]. - The company has revised its cash dividend policy to prioritize cash dividends over stock dividends, aligning with shareholder interests[110]. - The company has committed to distributing at least 30% of the average distributable profit over the last three years in cash dividends, in compliance with its articles of association[112]. - The company is committed to enhancing investor relations through regular performance briefings and open communication channels[82]. Risks and Challenges - There are no significant risks identified that could adversely affect the company's future development strategies and operational goals[10]. - The company faces risks related to rapid technological changes and the need for timely responses to customer demands to maintain its competitive edge[79].