Fengyuzhu(SH:603466)2022-04-28 16:00Financial Performance - The company's operating revenue for 2021 reached ¥2,939,906,282.47, representing a 30.30% increase compared to ¥2,256,301,888.51 in 2020[25]. - Net profit attributable to shareholders was ¥438,837,499.28 in 2021, up 28.12% from ¥342,525,439.68 in 2020[25]. - The net cash flow from operating activities increased by 49.51% to ¥327,728,235.15 in 2021, compared to ¥219,207,265.83 in 2020[25]. - The company's total assets as of the end of 2021 were ¥4,403,736,457.48, a slight increase of 1.73% from ¥4,328,834,722.73 at the end of 2020[25]. - Basic earnings per share for 2021 were ¥1.20, a 0.84% increase from ¥1.19 in 2020[25]. - The weighted average return on equity rose to 20.70% in 2021, an increase of 2.17 percentage points from 18.53% in 2020[25]. - The net profit after deducting non-recurring gains and losses was ¥411,515,658.07, reflecting a 26.84% increase from ¥324,427,051.88 in 2020[25]. - The company reported a net asset attributable to shareholders of ¥2,294,491,204.42 at the end of 2021, which is a 16.32% increase from ¥1,972,578,150.68 at the end of 2020[25]. - The company achieved a revenue of 2.94 billion CNY in 2021, representing a year-on-year growth of 30.30%[37]. - Net profit attributable to shareholders was 439 million CNY, an increase of 28.12% compared to the previous year[37]. Dividend and Capital Management - The company plans to distribute a cash dividend of RMB 4.8 per 10 shares (including tax) and to increase capital by converting reserves, with a ratio of 4.2 shares for every 10 shares held[8]. - The company has implemented a cash dividend policy, ensuring that the cumulative cash distribution over the last three years is no less than 30% of the average annual distributable profit during that period[141]. - The company approved a capital reserve transfer to increase share capital, granting 4.5 additional shares for every 10 shares held, excluding 1,576,167 shares in the repurchase account[118]. Governance and Compliance - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[7]. - The company has established a comprehensive governance structure to oversee its operations and financial reporting[10]. - The company emphasizes compliance with corporate governance standards as per the Company Law and Securities Law, ensuring shareholder rights are protected[98]. - The board of directors adheres to legal requirements and maintains a commitment to transparency and accountability in decision-making[98]. - The supervisory board conducts regular meetings to oversee financial compliance and protect shareholder interests[98]. - The company has implemented measures to ensure the independence of its operations from controlling shareholders[99]. - The company has committed to ensuring that any new regulatory requirements regarding compensation measures will be adhered to[170]. Market Strategy and Development - The company is focused on expanding its market presence and developing new technologies in the immersive experience sector, including AR and VR[16]. - The company emphasizes the importance of digital assets and NFTs in its future strategy[16]. - The company is strategically expanding into the metaverse, establishing partnerships for 3D virtual architectural design and digital space operations[41]. - The company has been recognized as one of the first eight members of the Metaverse Industry Committee, highlighting its leadership in this emerging field[41]. - The company aims to become a leading digital experience service provider, focusing on cultural infrastructure and digital infrastructure as business expansion opportunities[84]. - In 2022, the company plans to enhance its digital experience business in public cultural spaces and immersive cultural tourism scenarios[85]. Risk Management - The company has detailed risks related to industry policy changes and tax policy in its report[10]. - The company faces risks from the ongoing COVID-19 pandemic, which could impact its operations and supply chain[90]. - The company is exposed to macroeconomic fluctuations, particularly as its main clients are government entities, which may reduce cultural investment during economic downturns[91]. - The company is experiencing increased competition from various sectors, necessitating a diversification strategy to enhance its core competitiveness[92]. Employee and Management Structure - The company has established a comprehensive training system for enhancing the professional capabilities of technical and business personnel[138]. - The total number of employees in the parent company is 1,565, while the main subsidiaries have 104 employees, resulting in a total of 1,669 employees[136]. - The company has integrated a complete digital experience business chain, enhancing project implementation effectiveness[51]. - The management team includes individuals with extensive backgrounds in finance and project management, contributing to strategic decision-making[118]. Research and Development - The total R&D expenditure was 99.21 million yuan, representing 3.37% of the operating revenue[65]. - The number of R&D personnel was 268, making up 16.05% of the total workforce[66]. - The company has not experienced significant changes in the composition of R&D personnel that would impact future development[69]. Shareholder Relations - The company has provided opportunities for minority shareholders to express their opinions and protect their legal rights in the profit distribution process[142]. - The company has committed to not transferring or entrusting the management of its shares for 36 months post-IPO, with additional conditions for share price performance[161]. - The controlling shareholders have issued a commitment to avoid any direct or indirect competition with the company’s business, ensuring no conflicts of interest arise[164].