VASTDATA(SH:603138)2022-04-19 16:00Financial Performance - The net profit attributable to shareholders for 2021 was RMB 11,273,299.41, while the net profit for the parent company was RMB 22,080,608.12[7]. - The company's operating revenue for 2021 was CNY 420,613,707.34, representing a 6.02% increase compared to CNY 396,713,025.4 in 2020[26]. - The net profit attributable to shareholders decreased by 67.47% to CNY 11,273,299.41 from CNY 34,653,432.26 in 2020[26]. - The net cash flow from operating activities was negative at CNY -17,921,942.70, a decrease of 120.97% compared to CNY 85,446,289.20 in 2020[26]. - The total assets increased by 51.97% to CNY 1,094,301,557.24 at the end of 2021, up from CNY 720,069,226.3 at the end of 2020[26]. - The basic earnings per share dropped by 71.43% to CNY 0.04 from CNY 0.14 in 2020[27]. - The weighted average return on equity decreased by 4.86 percentage points to 2.03% in 2021 from 6.89% in 2020[27]. - The company's net assets attributable to shareholders increased by 81.95% to CNY 939,107,930.43 at the end of 2021, compared to CNY 516,143,545.0 at the end of 2020[26]. Profit Distribution - The proposed profit distribution plan includes a cash dividend of RMB 0.26 per share, totaling RMB 7,362,263.74, based on a total share capital of 283,163,990 shares[7]. - After the profit distribution, the remaining undistributed profit will be RMB 253,129,145.41, which will be carried forward to the next year[7]. - The company extracted 10% of the net profit as statutory surplus reserve, amounting to RMB 2,208,060.81[7]. - The total distributable profit at the end of the reporting period was RMB 260,491,409.15 after accounting for the beginning undistributed profit and cash dividends paid[7]. Governance and Compliance - The company has established a governance structure that includes a board of directors and a supervisory board to ensure compliance and effective operation[91][92]. - The company strictly adheres to the Securities Law and the Shanghai Stock Exchange listing rules for timely and accurate information disclosure, ensuring the protection of minority investors' interests[95]. - All resolutions at the shareholder meetings were approved without any rejections, indicating strong governance and shareholder support[98]. - The company has not faced any significant differences in governance compared to regulatory requirements, maintaining its operational independence[95]. - The company has not engaged in any related party transactions that could compromise its independence[95]. - The company has committed to ongoing compliance with regulatory requirements, reinforcing its commitment to transparency and accountability[95]. Research and Development - Research and development expenses, along with sales and management expenses, contributed to the decrease in net profit[28]. - Research and development investment reached 73.61 million yuan, a year-on-year increase of 54.39%, accounting for 17.50% of operating revenue[36]. - The company has established R&D centers in six cities, focusing on database product development and technology upgrades[36]. - The company plans to enhance product R&D capabilities and service innovation to address future challenges and opportunities[43]. Market and Sales - The domestic relational database software market size was 1.19 billion USD in the first half of 2021, with a year-on-year growth of 37.2%[42]. - The company achieved operating revenue of CNY 420.61 million in 2021, representing a year-on-year growth of 6.02%[51]. - The revenue from the database segment was CNY 177.41 million, with a gross margin of 43.04%, an increase of 8.78 percentage points[56]. - The company has provided products and technical services to over 2,000 large and medium-sized enterprise clients[39]. Employee and Compensation - The company has established a compensation management system that includes basic salary, performance pay, equity incentives, and option incentives for non-independent directors and senior management[104]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 4.0178 million yuan[104]. - The company’s human resources department assists the board in implementing assessments for directors and senior management[103]. - The company has a total of 8 independent directors and supervisors, ensuring compliance with regulations regarding independent director systems[103]. Financial Management - The company has invested a total of RMB 43,028.77 million in various financial products, including RMB 5,000 million in broker financial products, RMB 12,000 million in trust financial products, and RMB 26,028.77 million in bank financial products[155]. - The company reported a total of RMB 3,000 million from bank wealth management products with a fixed return rate of 3.60%, leading to an actual loss of RMB 28.77 million[157]. - The company has successfully recovered all invested amounts from various wealth management products, demonstrating effective financial management[157]. - The company is actively exploring new financial strategies and products to enhance returns and manage risks effectively[157]. Risk Management - The report includes a risk statement regarding forward-looking statements, emphasizing the importance of investor awareness of potential risks[10]. - The company acknowledges potential risks including technology, market, and talent risks, and plans to strengthen its risk management mechanisms[88][89]. - The company has implemented internal controls over revenue recognition to mitigate risks of manipulation[195]. Shareholder Information - The total share capital of the company increased from 252,664,524 shares to 257,550,000 shares due to the grant of 4,885,476 restricted stocks[165]. - The largest shareholder, Chen Zhimin, held 73,462,554 shares, accounting for 25.93% of the total shares, with 15,220,000 shares pledged[176]. - The company has a diverse shareholder base, with significant stakes held by various funds and individuals[178]. - The company maintains a clear ownership structure with no undisclosed related party transactions among major shareholders[182].