SPM(SH:601900)2022-04-27 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥7.60 billion, representing a 10.17% increase from ¥6.90 billion in 2020[24]. - Net profit attributable to shareholders for 2021 was approximately ¥808.33 million, a 6.30% increase from ¥760.44 million in 2020[24]. - The net cash flow from operating activities increased by 61.07% to approximately ¥1.26 billion in 2021, compared to ¥780.70 million in 2020[24]. - The total assets at the end of 2021 were approximately ¥13.18 billion, reflecting a 15.01% increase from ¥11.46 billion at the end of 2020[24]. - Basic earnings per share for 2021 were ¥0.90, up 5.88% from ¥0.85 in 2020[24]. - The weighted average return on equity for 2021 was 11.81%, a decrease of 0.24 percentage points from 12.05% in 2020[24]. - The company reported a net profit of approximately ¥424.47 million in Q3 2021, which was the highest quarterly profit for the year[25]. - Non-recurring gains and losses totaled approximately ¥215.56 million in 2021, compared to ¥101.36 million in 2020[30]. - The net profit after deducting non-recurring gains and losses for 2021 was approximately ¥592.77 million, a decrease of 10.06% from ¥659.08 million in 2020[24]. - The company's net assets attributable to shareholders increased by 8.07% to approximately ¥7.11 billion at the end of 2021, compared to ¥6.58 billion at the end of 2020[24]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 3.3 CNY per 10 shares, totaling approximately 295.64 million CNY based on the total share capital of 895,876,566 shares as of the end of 2021[6]. - The board has approved a dividend payout of 0.5 yuan per share, reflecting the company's strong financial performance and commitment to returning value to shareholders[145]. - The company's cash dividend policy complies with relevant laws and regulations, ensuring the protection of minority shareholders' rights[170]. Compliance and Governance - The company has received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm, ensuring the accuracy and completeness of the financial report[5]. - There are no non-operating fund occupations by controlling shareholders or related parties, and no violations in decision-making procedures for external guarantees[8]. - The company operates under the supervision of the China Securities Regulatory Commission and the Shanghai Stock Exchange, ensuring compliance with regulatory standards[13]. - The company adheres to legal regulations in its governance structure, ensuring that shareholder rights are protected and that the board operates effectively[128]. - The company has established a robust supervisory framework to oversee financial conditions and compliance, ensuring the protection of shareholder interests[128]. - The company ensures compliance with legal and regulatory requirements for information disclosure and corporate governance, maintaining transparency for all shareholders[131]. Market and Operational Strategy - The company plans to expand its e-commerce business and enhance marketing strategies to drive future growth[59]. - The company is actively expanding its market presence outside Guangdong, particularly in the national market for its Guangdong version textbooks[51]. - The company aims to improve its distribution capabilities by enhancing physical outlets and creating four major platforms, including physical stores and professional e-commerce, to increase market bargaining power[125]. - The company is focusing on the integration of "digital education + digital media" to enhance the brand influence and market competitiveness of its digital education platform[125]. - The company plans to leverage capital to drive technological transformation and business improvement, aiming for a diversified revenue model through investment support[125]. Research and Development - The R&D expenses were reported at 7.87 million RMB, indicating ongoing investment in innovation[56]. - The company has a total of 26 R&D personnel, accounting for 0.42% of the total workforce[77]. - The company plans to invest 200 million yuan in research and development over the next fiscal year to drive innovation[145]. Social Responsibility and Community Engagement - The company has engaged in social responsibility initiatives, with detailed reports available on its website[185]. - The company sent 3 party members to assist in rural revitalization efforts in Shaoguan City, Shixing County, focusing on building a beautiful rural community[186]. - During the 2021 assistance period, the company organized 3 party meetings and 6 branch meetings, and provided 2 specialized party lectures[186]. - The company donated over 1,000 books and 6 computers to support the village library and enhance digital reading capabilities[186]. Risks and Challenges - Risks include potential underperformance in new business expansion and the expiration of tax incentives, which could negatively impact operational status[126]. - The company faces risks related to the rapid development of digital publishing, which may affect its competitive position if capital investment and talent reserves do not meet market demands[126]. - Rising raw material costs, particularly paper prices, could adversely affect the company's gross margin[126]. - The ongoing COVID-19 pandemic may impact store traffic, particularly for Xinhua Bookstore locations[126]. Employee and Management Compensation - The total pre-tax remuneration for the General Manager, Ye He, during the reporting period was 915,200 CNY[139]. - The total pre-tax remuneration for the Chief Financial Officer, Cui Song, during the reporting period was 777,600 CNY[141]. - The total pre-tax remuneration for the Deputy General Manager, Xiao Fenghua, during the reporting period was 515,400 CNY[141]. - The total pre-tax remuneration for the Deputy General Manager, Jiang Dongju, during the reporting period was 921,500 CNY[139]. - The total pre-tax remuneration for the Deputy General Manager, Sun Zejun, during the reporting period was 921,500 CNY[139]. - The total pre-tax remuneration for the Secretary of the Board, Lei He, during the reporting period was 921,500 CNY[139]. - The total pre-tax remuneration for the Chief Editor, Xiao Yanbing, during the reporting period was 953,800 CNY[139]. - The total pre-tax remuneration for the Independent Director, Lin Yuming, during the reporting period was 60,000 CNY[139]. - The total pre-tax remuneration for the Independent Director, Lin Bin, during the reporting period was 60,000 CNY[139]. - The total pre-tax remuneration for the Independent Director, Jiang Dongju, during the reporting period was 60,000 CNY[139]. Environmental Initiatives - The company has completed significant upgrades to its environmental protection facilities, achieving zero industrial wastewater discharge since 2019[180]. - The company has obtained a national pollution discharge permit and has been actively involved in green production activities, including low VOCs printing certification[180]. - The company has adopted advanced production equipment to ensure that emissions meet standards, contributing to pollution prevention[183].