DZH(SH:601519)2023-04-11 16:00Financial Performance - The net profit attributable to shareholders for 2022 was -88,275,259.96 RMB, with a year-end profit available for distribution of -2,214,541,079.08 RMB[22]. - Basic earnings per share for 2022 was -0.044 RMB, representing a decrease of 650.00% compared to 2021[34]. - The weighted average return on equity for 2022 was -5.43%, a decrease of 6.47 percentage points from the previous year[34]. - Total operating income for Q4 2022 was 254,180,617.21 RMB, with a net profit attributable to shareholders of -977,999.97 RMB[37]. - The company's operating revenue for the reporting period was ¥780,253,394.26, a decrease of 4.69% compared to ¥818,661,643.77 in the same period last year[54]. - The company's operating revenue for 2022 was ¥780,253,394.26, a decrease of 4.69% compared to ¥818,661,643.77 in 2021[62]. - The net profit attributable to shareholders for 2022 was -¥88,275,259.96, a decline of 650.02% from ¥16,049,531.09 in the previous year[62]. - The net cash flow from operating activities was -¥22,538,278.14, down 114.89% from ¥151,406,982.39 in 2021[62]. - The company reported a net profit of -88.27 million RMB, with a net profit of -91.85 million RMB after deducting non-recurring gains and losses, indicating stable overall operations despite a decline in profit due to internal and external factors[78]. Research and Development - Research and development expenses increased during the reporting period to support future business development needs[18]. - The company has increased its R&D expenses by 1.13% to ¥196,189,791.95, reflecting its commitment to innovation[54]. - Research and development expenses accounted for 25.14% of operating revenue, reflecting the company's commitment to technological advancement in the financial information service sector[86]. - The company reported a significant increase in R&D investment and personnel costs to support future business development needs[69]. - The total R&D expenses for the period amounted to ¥196,189,791.95, representing 25.14% of the company's revenue[195]. - The company has a total of 1,178 R&D personnel, accounting for 69.70% of the total workforce[195]. Cash Flow and Financial Position - Cash flow from operating activities showed a net inflow of 87,878,827.62 RMB in Q4 2022, following a net outflow in the previous quarters[37]. - The net cash flow from operating activities was -¥22,538,278.14, a significant decline of 114.89% compared to ¥151,406,982.39 in the previous year[54]. - As of December 31, 2022, the company's cash and cash equivalents totaled approximately ¥1.52 billion, a decrease from ¥1.62 billion at the beginning of the year[128]. - The company has restricted cash amounting to ¥5.33 million as of December 31, 2022, compared to ¥50,000 at the end of the previous year[128]. - The total accounts receivable at the end of the period amounted to ¥91,410,801.50, with a bad debt provision of ¥5,980,462.31, representing 6.54% of the total[138]. - The company has a total of ¥452 million in cash held overseas as of December 31, 2022, an increase from ¥398 million at the end of the previous year[128]. Market and Business Development - The company faced challenges in product development and market expansion, leading to a decline in business revenue year-on-year[18]. - The company has expanded its international business, launching a new mobile app to support B2C market development in Hong Kong, contributing to new revenue growth[44]. - The company continues to upgrade its core product, the "Enterprise Early Warning APP," to meet increasing application scenario demands[44]. - The company has maintained a stable client base, serving over 90% of insurance institutions and 95% of fund companies in the market[52]. - The company is actively exploring business cooperation with banks, insurance companies, and other financial entities to enhance user service diversity[69]. - The overall user base is expected to grow due to the increasing penetration of mobile internet and stable growth in investor numbers[71]. Revenue Recognition and Accounting Policies - The company recognizes revenue when customers obtain control of the relevant goods, which includes conditions such as approval of the contract and the likelihood of collecting the consideration[115]. - The company provides financial information and data services through PC and mobile terminals, recognizing revenue based on the proportion of service provided during the agreed service period[116]. - The company has implemented a systematic approach to recognize revenue based on the progress of service delivery, ensuring accurate financial reporting[139]. - The company has received government subsidies, which are recognized as deferred income and will be amortized over the useful life of the related assets[154]. - The company has no significant changes in accounting policies or estimates reported for the current period[123]. Challenges and Risks - The company reported a decrease in interest income compared to the previous year[18]. - The competitive landscape in the financial information service industry is intensifying, with leading companies showing significant advantages in market share and financial health[74]. - The advertising and internet promotion services experienced a significant revenue decline of 52.71%[92]. - The company recognizes employee compensation liabilities for termination benefits when the plan cannot be unilaterally withdrawn, and these costs are included in the current period's profit and loss[103]. Product Development and Innovation - The company has applied for multiple patents in big data and artificial intelligence technologies, enhancing its product offerings in unstructured data processing and big data analysis[44]. - The company launched a new generation of high-end software based on a comprehensive market warning system and research services[69]. - The company has completed the development of the mobile terminal project, providing professional-level trading data for various financial markets, including A-shares, futures, and foreign exchange[197]. - The new generation PC version software has been launched, offering a series of financial analysis tools and content based on comprehensive market data[197]. - The enterprise risk intelligence monitoring platform has been established, integrating information from nearly 100 million companies to assist in risk avoidance[197]. - The financial credit risk control data platform is still under development, aimed at providing comprehensive risk data for financial institutions[197].