People.cn (SH:603000)2022-04-14 16:00Financial Performance - The company's operating revenue for 2021 was RMB 2,183,020,109.76, representing a 3.93% increase compared to RMB 2,100,411,078.52 in 2020[17]. - The net profit attributable to shareholders of the listed company decreased by 47.89% to RMB 165,855,567.90 from RMB 318,309,916.75 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 128,317,308.89, down 58.40% from RMB 308,454,171.24 in 2020[17]. - The net cash flow from operating activities was RMB 421,442,177.70, a decrease of 14.41% compared to RMB 492,401,702.72 in 2020[17]. - Basic earnings per share decreased by 48.28% to CNY 0.15 in 2021 compared to CNY 0.29 in 2020[18]. - Diluted earnings per share also decreased by 48.28% to CNY 0.15 in 2021 from CNY 0.29 in 2020[18]. - The weighted average return on equity fell by 4.77 percentage points to 4.94% in 2021 from 9.71% in 2020[18]. - The total comprehensive income for the year was CNY 172,777,351.29, down from CNY 357,714,693.48 in the previous year[158]. - The company reported a significant investment loss of CNY 114,584,717.33 in 2021, compared to a gain of CNY 51,383,784.19 in 2020[157]. Assets and Liabilities - The total assets at the end of 2021 were RMB 5,271,712,358.79, reflecting a 5.49% increase from RMB 4,997,521,177.61 at the end of 2020[17]. - The net assets attributable to shareholders of the listed company were RMB 3,353,781,841.96, a slight decrease of 0.35% from RMB 3,365,426,831.26 at the end of 2020[17]. - Total liabilities increased to CNY 963,717,530.71 in 2021 from CNY 683,156,883.23 in 2020, indicating a rise of 41.14%[156]. - The company's total equity decreased to CNY 3,055,080,052.62 in 2021 from CNY 3,094,508,355.84 in 2020, a decline of 1.28%[156]. - Cash and cash equivalents decreased to CNY 335,078,312.09 in 2021 from CNY 544,942,010.58 in 2020, a decline of 38.39%[155]. Research and Development - The company’s R&D investment increased by 41.98% year-on-year in 2021, with over 30 independent research projects and 51 high-level academic papers published[27]. - Research and development expenses surged by 100.33% to 86.55 million RMB, indicating a strong focus on innovation and technology[41]. - The company's total R&D investment amounted to CNY 102.93 million, representing 4.72% of total revenue, with 15.91% of R&D costs capitalized[52]. Market and User Engagement - The company launched a series of political and thematic reports, with over 5,400 reports on key political events published during the reporting period[24]. - The cumulative access to the "Xi Jinping Series Important Speech Database" exceeded 880 million visits, with an average daily query volume of over 680,000[24]. - The "People's Daily+" app surpassed 40 million downloads, enhancing the company's content and service distribution capabilities[26]. - The "People's Good Doctor" platform surpassed 15 million users, with 8.1 million being medical personnel, indicating strong user engagement in the health sector[30]. Corporate Governance - The company is committed to improving its governance structure and ensuring compliance with relevant regulations[70]. - The total pre-tax remuneration for executives in 2021 was RMB 11.23 million, reflecting a delay in payment[76]. - The company has established a competitive compensation and benefits system, ensuring internal equity and external competitiveness[101]. - The board of directors has maintained a high level of attendance, with all members present at the meetings[88]. Risks and Challenges - The company has detailed potential risks in the report, which investors should be aware of[5]. - The company faces risks related to traditional business expansion, user acquisition, and operational challenges due to the evolving media landscape[68]. - The company recognizes the ongoing uncertainties posed by the COVID-19 pandemic, which may impact its operational environment[69]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[79]. - The management emphasized the importance of digital transformation strategies, aiming to increase online sales by 30%[80]. - The company aims to enhance market expansion and product innovation as part of its future strategy[160]. Shareholder Information - The proposed cash dividend is RMB 1.05 per 10 shares, totaling RMB 116,097,560.88, which accounts for 70.00% of the net profit attributable to shareholders[3]. - The largest shareholder, People's Daily, holds 535,540,064 shares, representing 48.43% of total shares[131]. - The company has a cash dividend policy, distributing a total of RMB 178,016,260.02, which is RMB 0.161 per share, based on a total share capital of 1,105,691,056 shares[103]. Compliance and Audit - The audit report confirms that the financial statements fairly reflect the company's financial position as of December 31, 2021[141]. - The company has appointed Xinyong Zhonghe Accounting Firm (Special General Partnership) for auditing services with a fee of 1.35 million RMB for a term of 3 years[120]. - The internal control audit will also be conducted by Xinyong Zhonghe Accounting Firm with a fee of 300,000 RMB[120].