Financial Performance - The company achieved operating revenue of CNY 235.69 million in 2021, a decrease of 74.92% compared to the previous year[23]. - After excluding non-core business income, the manufacturing business revenue was CNY 215.02 million, representing a year-on-year increase of 89.36%[30]. - The net profit attributable to shareholders was a loss of CNY 40.00 million, significantly reduced from a loss of CNY 258.45 million in the previous year[23]. - The net cash flow from operating activities was negative CNY 349.70 million, compared to a positive CNY 13.56 million in 2020[23]. - The comprehensive gross profit for the period was CNY 12.01 million, down by CNY 11.57 million from the previous year, with a gross margin of 5.10%, a decrease of 8.49 percentage points[45]. - The gross margin for the main business was 3.02%, an increase of 2.77 percentage points compared to the previous year[53]. - The total assets decreased by 2.58% to CNY 619.40 million compared to the end of 2020[23]. - The total liabilities amounted to CNY 405,765,865.46, a decrease from CNY 513,439,328.12 in the previous year, reflecting a reduction of approximately 21%[197]. - The company reported a net loss of CNY 1,413,716,101.18, compared to a loss of CNY 1,371,531,063.96 in the previous year, indicating a worsening of approximately 3%[197]. Capital and Investments - The company completed a private placement of 32,857,166 shares, raising a net amount of CNY 158.97 million, which contributed to an increase in net assets[24]. - Cumulative investment in fundraising projects reached CNY 105.35 million by the end of 2021, with a remaining balance of CNY 53.96 million[31]. - The company upgraded its production lines and facilities, investing CNY 26.23 million in the smart terminal production line project by the end of 2021[31]. - The company completed the registration capital change from CNY 252,523,820 to CNY 285,380,986 following the non-public offering[153]. - The company raised a total of CNY 158,968,093.30 from a non-public offering of A shares, with a net amount after expenses of CNY 158,968,093.30[153]. Governance and Compliance - The company has established a governance structure that ensures independence from its controlling shareholder, maintaining operational autonomy[86]. - The board of directors ensured compliance with regulations regarding related party transactions, maintaining fairness and objectivity in dealings with Beijing Gome Electrical Appliances Co., Ltd.[88]. - The company strictly adhered to the Insider Information Knowledge Person Registration Management System, enhancing confidentiality and preventing insider trading[89]. - The company has established a comprehensive governance structure and internal control system in compliance with relevant laws and regulations[117]. - The company has not engaged in any significant related business activities that would affect its independence[89]. Risks and Challenges - The company has outlined potential industry and market risks in the management discussion and analysis section[8]. - The company’s future plans and strategic developments are subject to investment risks, as stated in the forward-looking statements[7]. - The overall profitability of the company remains challenged due to rising costs of raw materials and the impact of the COVID-19 pandemic[47]. - The company faces risks related to macroeconomic fluctuations, industry competition, and potential talent loss, which could impact its operational performance[81]. Legal Matters - The company is involved in multiple lawsuits with various parties, including a case where it was ordered to pay RMB 0.4321 million in a sales dispute[135]. - The company has ongoing litigation involving a total claim of RMB 14.55541 million related to a guarantee contract dispute[135]. - The company has faced multiple lawsuits regarding sales and contract disputes, with varying amounts claimed[135]. - The total amount of overdue payments and penalties reached CNY 3.2497 million[138]. - The company has reached settlements in some cases, reducing potential liabilities[139]. Employee and Management - The total number of employees in the parent company is 46, while the main subsidiaries employ 767, resulting in a total of 813 employees[107]. - The total remuneration for directors and senior management during the reporting period amounted to 2.532 million yuan, with individual compensation ranging from 6.00 to 46.70 thousand yuan[92]. - The company has implemented a salary system for senior management, which includes a base salary and a risk income component, with the base salary paid monthly[98]. - The company’s management team has extensive experience in the retail and electronics sectors, which is crucial for strategic decision-making[95]. Future Outlook - The company aims to achieve an operating revenue of 800 million yuan in 2022, focusing on stabilizing profitability and optimizing business processes[75]. - The company plans to enhance its self-developed product ratio and upgrade product quality, while also exploring new market opportunities in small appliances and smart business[75]. - The company will expand its ODM business and strengthen supply chain management to increase profit margins, with a focus on automation and intelligent upgrades in factories[76].
ST美讯(600898) - 2021 Q4 - 年度财报