Fengyuzhu(SH:603466)2023-04-17 16:00Financial Performance - In 2022, the company achieved operating revenue of CNY 1.68 billion, a decrease of 42.79% compared to 2021[21]. - The net profit attributable to shareholders was CNY 66.04 million, down 84.95% year-on-year[21]. - The basic earnings per share were CNY 0.11, reflecting an 84.93% decline from CNY 0.73 in 2021[20]. - The weighted average return on equity decreased to 2.80%, down 17.9 percentage points from 20.70% in 2021[20]. - The net cash flow from operating activities was CNY 241.69 million, a decrease of 26.25% compared to the previous year[21]. - The company reported a net asset attributable to shareholders of CNY 2.20 billion, a decrease of 4.21% from the end of 2021[21]. - The company's operating revenue for the current period is CNY 1,681,904,485.58, a decrease of 42.79% compared to the same period last year[44]. - Operating costs decreased by 37.82% to CNY 1,225,530,459.83, primarily due to reduced project completions from weakened customer demand[44]. - The company reported a total revenue of 245,529,720 million, with a year-on-year increase of 59,039,984 million, representing a growth rate of approximately 24.1%[81]. - The total assets of the company reached 304,569,704 million, indicating a strong financial position and an increase from the previous year[81]. Cash Flow and Investments - The net cash flow from operating activities is CNY 241,690,227.73, down 26.25% from CNY 327,728,235.15 in the previous year[44]. - The company issued convertible bonds, resulting in a significant increase in net cash flow from financing activities by 316.59% to CNY 285,549,160.92[44]. - The company has engaged in bank wealth management with a total amount of 810 million RMB, with an outstanding balance of 200 million RMB[126]. - The company has invested 80 million RMB in broker products, with the entire amount still outstanding[126]. - The company has also invested 150 million RMB in structured deposits, with no outstanding balance[126]. Research and Development - Research and development expenses amounted to CNY 71,803,551.08, representing 4.27% of total operating revenue[52]. - The total investment in R&D for the period was CNY 71,803,551.08, a decrease of 27.63% compared to the previous year[52]. - The company has 184 R&D personnel, accounting for 11.89% of the total workforce[53]. - The company is committed to increasing R&D investment and attracting high-end technical talent to maintain competitiveness in technology innovation[72]. Market and Business Strategy - The company plans to continue enhancing project auditing and receivables recovery efforts to improve financial performance[29]. - The company plans to expand its market presence through new product launches and technological advancements, aiming for a 15% increase in market share over the next fiscal year[82]. - The management team highlighted a focus on mergers and acquisitions to enhance operational capabilities and diversify service offerings, targeting at least two strategic acquisitions in the upcoming year[82]. - The company is exploring international expansion opportunities, particularly in Southeast Asia, with plans to enter at least two new markets by the end of the fiscal year[82]. - The company plans to leverage the Hangzhou Asian Games to create high-quality digital media content projects, enhancing its market leadership[65]. Corporate Governance - The company has established a comprehensive training system for employees, focusing on enhancing professional skills and management capabilities[96]. - The company has implemented an employee stock ownership plan to enhance employee cohesion and retain core personnel[71]. - The company held a total of 8 board meetings during the year, with no instances of directors failing to attend consecutively[89]. - The audit committee convened 3 meetings during the reporting period, approving key financial reports and asset impairment provisions[91]. - The company’s remuneration for directors and senior management is determined based on the achievement of annual business plans and industry salary levels[85]. Risk Management - The company has detailed risks related to industry policy changes, market competition, and investment project implementation not meeting expectations[6]. - The company faces risks from macroeconomic fluctuations, particularly as its main clients are government departments, which may reduce cultural investment during economic downturns[69]. - The company has established a robust internal control management system in compliance with regulations, ensuring effective risk prevention and accurate financial reporting[105]. - The company has not faced any penalties from securities regulatory authorities in the past three years[86]. Shareholder Information - The company plans to distribute a cash dividend of RMB 0.35 per 10 shares, amounting to a total cash dividend of RMB 20,817,096.62, which represents 31.52% of the net profit attributable to ordinary shareholders[101]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to RMB 18.1328 million[85]. - The total number of ordinary shareholders increased from 32,136 to 39,389 during the reporting period[142]. - The top two shareholders, Li Hui and Xin Haoying, hold 27.07% and 23.56% of the shares, respectively, with Li Hui's holdings increasing by 44,549,000 shares during the period[144]. Compliance and Legal Matters - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[5]. - There are no significant lawsuits or arbitration matters reported for the year[122]. - The company has not faced any delisting risks during the reporting period[122]. - The company has not encountered any major accounting errors that require correction[119].