JiShi Media(SH:601929)2022-04-29 16:00Financial Performance - The company's total revenue for 2021 was ¥2,079,765,156.57, representing a 5.52% increase compared to ¥1,971,042,781.01 in 2020[17]. - The net profit attributable to shareholders of the listed company was ¥26,550,103.08, a decrease of 59.04% from ¥64,820,830.30 in the previous year[17]. - The net cash flow from operating activities increased by 28.43% to ¥912,655,869.44 from ¥710,647,084.70 in 2020[17]. - The total assets of the company at the end of 2021 were ¥15,180,922,787.31, a 7.05% increase from ¥14,181,320,676.39 at the end of 2020[17]. - The company's net assets attributable to shareholders at the end of 2021 were ¥6,968,035,165.61, a slight increase of 0.54% from ¥6,930,831,526.37 in 2020[17]. - Basic earnings per share decreased by 58.74% to CNY 0.0085 in 2021 compared to CNY 0.0206 in 2020[20]. - The weighted average return on equity dropped to 0.38% in 2021 from 0.94% in 2020, a decrease of 0.56 percentage points[20]. - The company reported a net profit of ¥-88,950,087.77 after deducting non-recurring gains and losses, compared to ¥-83,589,251.89 in 2020[17]. - The operating cost for the period was ¥1,377,257,787.11, reflecting a 2.31% increase from ¥1,346,176,685.74 in the previous year[68]. - The company reported a significant increase in financial expenses, which rose by 169.18% to ¥79,757,456.85, compared to ¥29,629,659.97 in the previous year[68]. Strategic Focus and Development - The company plans to focus on the commercialization of 5G services and the completion of fiber optic network upgrades in 2021[4]. - The company aims to ensure the funding needs for infrastructure construction and system upgrades related to 5G and fiber optic services[4]. - The company is focused on developing a "Big Data Application Platform" that integrates modern technologies such as cloud computing, big data, and AI to create innovative applications[58]. - The company is committed to transforming its strategy to prioritize broadband services, aiming for significant growth in user numbers and business revenue through a comprehensive broadband integration approach[111]. - The company recognizes the importance of 5G technology and plans to enhance its knowledge and capabilities in big data, cloud computing, and artificial intelligence applications[114]. - The company aims to enhance its customer acquisition and smart media business segments as key components for future transformation and development[115]. Operational Achievements - The company completed over 30% of the urban network optical fiber transformation tasks within six months, laying a solid foundation for future projects[41]. - The company organized 103 training sessions with 11,239 employees participating, enhancing workforce skills and capabilities[45]. - The company successfully launched the "Smart Agriculture" project, establishing a new brand marketing model for Jilin rice[35]. - The "Smart Media" business established a comprehensive operational system, achieving a monthly sales order of 600 tons of rice and covering 9,365 administrative villages with the "One Village One Police" project[35]. - The company increased its online copyright media assets from 50,000 hours to 100,000 hours, improving copyright coverage from 44% to 95%[31]. Customer Engagement and Marketing - Marketing activities included themed promotions such as "Double Eleven" and "Thanksgiving Service Feedback Month" to enhance customer engagement[31]. - The company launched a new content section "Glorious 100 Years," which generated nearly 30 million clicks throughout the year[31]. - Customer service management handled 3.9063 million service requests with a customer satisfaction rate of 94.13%[42]. Research and Development - The total R&D investment amounted to 81,381,803.90 CNY, representing 3.91% of operating revenue[79]. - The company has 898 R&D personnel, with 63 holding doctoral degrees and 544 holding master's degrees[79]. - The company has developed the I-PON technology standard, which supports 4K and 8K video content, enhancing its capabilities in various sectors including smart cities[61]. - The company holds multiple patents related to multimedia network data processing and optical transmission systems, with significant innovations in the field[61]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective checks and balances among shareholders, the board, and management[132]. - The company conducts shareholder meetings in accordance with legal requirements, ensuring all shareholders can exercise their voting rights effectively[133]. - The company has implemented strict information disclosure practices to protect the rights of investors and maintain transparency[136]. - The company has held multiple shareholder meetings in 2021, addressing key proposals such as the issuance of medium-term notes and the approval of financial reports[138]. Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of 25% and aiming to reach 1.875 billion[149]. - New product launches are expected to contribute an additional 200 million in revenue, with a focus on innovative technology solutions[149]. - The company is expanding its market presence, targeting new regions which are projected to add 300 million in revenue over the next two years[149]. - A strategic acquisition was announced, which is expected to enhance the company's service offerings and add 150 million in annual revenue[149].