Shandong Publishing&Media(SH:601019)2022-04-08 16:00Financial Performance - The company achieved an operating revenue of 10.89 billion RMB in 2021, representing a year-on-year growth of 11.70%[22]. - The net profit attributable to shareholders reached 1.53 billion RMB, an increase of 9.36% compared to the previous year[22]. - The net cash flow from operating activities was 2.56 billion RMB, showing a significant increase of 40.91% year-on-year[22]. - As of the end of 2021, total assets amounted to 19.62 billion RMB, reflecting a growth of 11.32% from the end of 2020[22]. - The net assets attributable to shareholders were 12.37 billion RMB, up by 7.45% compared to the previous year[22]. - The basic earnings per share for 2021 was 0.73 RMB, an increase of 8.96% from 2020[23]. - The weighted average return on equity increased by 0.3 percentage points to 12.84% in 2021[23]. - The company reported a quarterly revenue of 3.96 billion RMB in Q4 2021, contributing to the overall annual growth[26]. - The company achieved an annual revenue of 8.509 billion yuan, representing a year-on-year growth of 16.77%[50]. - The net profit for the year was 1.007 billion yuan, with an increase of 8.03% compared to the previous year[50]. Dividend and Share Capital - The company plans to distribute a cash dividend of RMB 3.50 per 10 shares, totaling RMB 730,415,000, based on a total share capital of 2,086,900,000 shares as of December 31, 2021[4]. - The company does not plan to issue new shares or convert capital reserves into share capital this year[4]. Audit and Compliance - The company has received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[3]. - The board of directors has ensured the authenticity, accuracy, and completeness of the annual report[3]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[5]. - There are no violations of decision-making procedures regarding external guarantees[5]. - The company has established a comprehensive information disclosure management system to ensure transparency and compliance with regulatory requirements[175]. Operational Strategy and Risks - The company has not identified any significant risks that could materially affect its operations during the reporting period[6]. - The company has not reported any major operational risks that could impact its business[6]. - The company has not disclosed any significant changes in its operational strategy or market expansion plans in the report[6]. - The company acknowledges risks from changing reader habits, rapid technological advancements, and potential impacts from COVID-19 on its operations[166]. Publishing and Product Development - The company published a total of 14,279 titles during the reporting period, including 13,997 books, 275 audio-visual electronic publications, and 7 journals, with a reprint rate of 76%, an increase of 3.4 percentage points year-on-year[35]. - The publishing business achieved an annual revenue of 3.142 billion yuan, representing a year-on-year growth of 8.52%[35]. - The company launched a series of high-quality thematic publications, with 6 titles selected as key publications by the Central Propaganda Department, ranking fourth among local publishing groups nationwide[36]. - The company is focusing on "fusion publishing" and has established a special fund to support key projects, including the "Little Lotus Listening" audio reading platform and the "Old Photos" fusion publishing project[40]. - The company is committed to innovation in publishing and has outlined a strategic plan focusing on user value, flow stickiness, and product excellence to drive transformation and upgrade its publishing business[40]. Market Expansion and Sales - The company is actively expanding its market presence both domestically and internationally, enhancing its publishing brand and achieving high-quality development in its main publishing business[35]. - The company exported 192 copyrights in 2021, including 145 to foreign markets and 47 to Hong Kong, Macau, and Taiwan[43]. - The company is actively exploring new marketing models, including community operations and live streaming sales, to enhance brand awareness[52]. - The bookstore group achieved a total book sales revenue of 825 million yuan in 2021, driven by various promotional competitions and innovative marketing strategies[54]. - The company is focusing on high-quality development as a primary goal in the publishing industry, aligning with national strategies for cultural development[147]. Human Resources and Management - The company has introduced a significant number of professional talents through public recruitment and special talent introduction, supporting its high-quality development[93]. - The company has a total of 9,747 employees, with 72 in the parent company and 9,675 in major subsidiaries[200]. - The company’s board includes independent directors, with 3 out of 8 directors being independent[193]. - The total pre-tax remuneration for senior management during the reporting period amounted to 5.8852 million yuan[175]. Future Outlook and Strategic Initiatives - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for the next quarter, representing a 25% increase compared to the current quarter[181]. - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming fiscal year[109]. - The company is transitioning from a book distributor to a comprehensive cultural service provider, exploring new business models and profit methods[153]. - The company aims to enhance its core publishing competitiveness by focusing on four key areas: quality publishing, best-selling book creation, integrated publishing, and promoting Chinese culture internationally[151]. - The company is committed to developing digital education products, particularly in the K12 sector, to align with the increasing demand for educational information technology[162].