Weaver Network(SH:603039)2022-06-13 16:00Financial Performance - The net profit attributable to shareholders for 2021 was RMB 308,698,725.21, with the parent company achieving a net profit of RMB 286,276,792.94[6] - The company's revenue for 2021 reached ¥2,002,863,165.68, representing a 35.11% increase compared to ¥1,482,395,169.37 in 2020[27] - Net profit attributable to shareholders for 2021 was ¥308,698,725.21, up 34.48% from ¥229,550,091.47 in 2020[27] - The net cash flow from operating activities for 2021 was ¥372,444,072.34, reflecting a 22.14% increase from ¥304,919,952.11 in 2020[27] - The total assets at the end of 2021 amounted to ¥3,376,713,237.40, a 24.48% increase from ¥2,712,737,520.83 at the end of 2020[29] - The company's net assets attributable to shareholders increased by 39.55% to ¥1,879,551,716.15 in 2021 from ¥1,346,822,644.54 in 2020[29] - Basic earnings per share for 2021 were ¥1.20, a 30.43% increase from ¥0.92 in 2020[29] - The weighted average return on equity for 2021 was 18.69%, a decrease of 2.69 percentage points from 21.38% in 2020[29] - The company reported a net profit excluding non-recurring gains and losses of ¥206,868,304.52 for 2021, which is a 49.35% increase from ¥138,513,317.60 in 2020[27] Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares (including tax) based on the total share capital as of the dividend distribution date[6] - The company extracted 10% of the net profit as statutory surplus reserve, amounting to RMB 28,627,679.29[6] - The total distributable profit for 2021, after accounting for various deductions, was RMB 881,623,656.87[6] Risks and Uncertainties - The company faced significant uncertainties regarding its ability to continue as a going concern, as noted in the audit report[5] - The company has described potential risks in its annual report, which investors should pay attention to[9] - The internal control audit report issued by the accounting firm indicated a negative opinion on the effectiveness of internal controls[9] - The company emphasizes the importance of understanding the risks associated with forward-looking statements regarding its operational and strategic plans[7] Market and Product Development - The company plans to continue expanding its market presence and invest in new product development to drive future growth[27] - The company launched a new digital office platform targeting the domestic market, enhancing its service offerings to government and enterprise clients[42] - The company has adapted multiple domestic databases and supported the deployment of domestic operating systems, expanding its customer base in the domestic market[42] - The company has enhanced its mobile office solutions by integrating intelligent features, improving user experience significantly[43] - The company has developed a trusted digital identity system to provide secure identity verification services, addressing common digital security issues[44] - The company has implemented a comprehensive digital archive management solution covering various types of documents, enhancing data collection and analysis capabilities[47] - The company has achieved compatibility with Huawei's HarmonyOS 2.0, enhancing its digital office service platform and continuing collaboration with Huawei Cloud[48] - The company has established seven specialized product divisions to enhance technical and operational services across various fields[53] Research and Development - The company invested approximately 243.6 million yuan in R&D, accounting for 12.16% of its revenue during the reporting period[101] - The company has obtained 169 software copyrights and 2 invention patents by the end of the reporting period[101] - The company maintains an annual R&D expense ratio of approximately 15% of its revenue, which is higher than that of its competitors in the collaborative management software industry[124] - The total R&D expenditure amounted to ¥243,598,685.72, representing 12.16% of operating revenue[145] - The company employed 822 R&D personnel, making up 49.55% of the total workforce[146] Sales and Marketing - The company primarily operates through direct sales and channel distribution models to cover a wide range of clients[73][78] - The company has established a multi-level distributed marketing service system with service points established in over 100 cities nationwide[115] - The company focuses on developing partnerships and dedicated teams for product and sales support in first-tier cities for its e-office product[114] - The company’s marketing network is strengthened by recruiting online and regional sales teams for its SaaS cloud-based products[114] Governance and Compliance - The company has established a governance structure in compliance with relevant laws and regulations, enhancing its operational standards[188] - The board of directors consists of nine members, including three independent directors, ensuring compliance with governance regulations[190] - The independent director system is in place to protect the interests of minority shareholders and ensure the integrity of company operations[194] - The company has established a comprehensive information disclosure system to ensure timely, accurate, and complete information dissemination, maintaining equal access for all shareholders, particularly minority shareholders[196] - The board of directors has set up four specialized committees: Strategic Committee, Nomination Committee, Audit Committee, and Compensation and Assessment Committee, which operate effectively according to their respective regulations[199] Future Outlook - The company aims to enhance product R&D and market penetration, focusing on intelligent, platform-based, and fully electronic strategies for 2022[178] - The company plans to upgrade product lines and develop new technologies, including strategic cooperation with Tencent Enterprise WeChat for collaborative system applications[179] - The company intends to strengthen its overseas market strategy and expand its operational footprint internationally[181] - The company plans to enhance talent recruitment, training, and assessment mechanisms to build a larger professional team in response to rapid business growth[182] - The company faces market competition risks as more enterprises enter the collaborative management and mobile office software industry, intensifying competition[183]