DZCM(603999)2022-04-21 16:00Financial Performance - The company's operating revenue for 2021 was RMB 1,222,220,185.30, representing a 12.77% increase compared to RMB 1,083,823,178.15 in 2020[26] - The net profit attributable to shareholders for 2021 was RMB 85,056,030.30, up 14.27% from RMB 74,435,174.79 in 2020[26] - The net cash flow from operating activities increased by 60.88% to RMB 150,737,234.87 in 2021, compared to RMB 93,696,682.42 in 2020[26] - The total assets as of the end of 2021 were RMB 2,310,489,189.95, an 8.11% increase from RMB 2,137,163,955.61 at the end of 2020[26] - The company achieved total revenue of RMB 1.222 billion, representing a year-on-year growth of 12.77%[36] - The net profit attributable to shareholders of the listed company was RMB 85.056 million, an increase of 14.27% year-on-year[36] - The company maintained double-digit growth in both revenue and net profit for three consecutive years[36] - The first quarter revenue was RMB 171.05 million, while the fourth quarter revenue reached RMB 440.35 million, showing a significant increase throughout the year[30] - The net cash flow from operating activities in the fourth quarter was RMB 138.56 million, indicating strong operational efficiency[30] Business Growth and Development - The company achieved significant growth in educational publishing and distribution, driven by improved content quality and expanded distribution channels[28] - The periodical business saw continuous growth in circulation, including digital editions, due to strategic product launches celebrating significant anniversaries[28] - The company has strengthened its market presence through collaborations on educational equipment and IT system integration projects[28] - The new media matrix user base has expanded significantly, contributing to rapid revenue growth in e-commerce[28] - The company is actively transforming from "one-dimensional publishing" to "multi-dimensional operations," enhancing digital resource utilization and e-commerce growth[36] - The company is focused on high-quality coordination in its three main businesses: periodicals, textbooks, and general books, achieving new developments[38] - The company published a total of 4,133 book titles in the year, representing a 24.79% increase compared to the previous year, with a total print run of approximately 73.23 million copies, up 33.33% year-on-year[41] - The company's magazine segment achieved a total annual circulation of 68.97 million copies, with a monthly average of 5.75 million copies, reflecting a year-on-year growth of 1.1%[39] Market and Product Strategy - The company has established a new media matrix centered around the "Reader" WeChat public account, with a total of 6.77 million followers and an average daily active user count of nearly 2 million[44] - The company has initiated a project to build a business printing logistics park in Tianshui, aiming to enhance market competitiveness and create new economic growth points[46] - The company is actively exploring new sales channels, including e-commerce platforms like Taobao and Douyin, to expand its market reach[56] - The company plans to strengthen its market share in the textbook and auxiliary sector while expanding its digital reading and e-commerce businesses[100] - The company is committed to improving its online and offline marketing capabilities to enhance risk resilience and sustainable development[130] Financial Management and Governance - The company has established a complete corporate governance structure, with the board of directors, supervisory board, and management team each performing their respective duties independently[138] - The company has implemented strict asset management processes, ensuring that there are no instances of asset encroachment by the controlling shareholder[138] - The controlling shareholder, Reader Group, has committed to eliminating competition with the company within five years through various means such as asset transfer and business cessation[140] - The company has established independent financial accounting systems, ensuring no shared bank accounts with the controlling shareholder[138] - The company has a total of 17 board members and supervisors listed, with no shareholdings reported for any of them[147] Social Responsibility and Community Engagement - The company donated nearly 700,000 RMB worth of books and materials to quarantine and health monitoring points during the COVID-19 pandemic[191] - A total of over 1 million RMB was invested in poverty alleviation efforts, including 900,000 RMB in funds and over 100,000 RMB in material donations[193] - The company organized over 100 offline reading sharing events across the country as part of the "Reader·China Reading Action" initiative[192] - The company facilitated a consumption assistance program that directly increased local farmers' income by over 200,000 RMB[195] - The company launched a series of themed articles celebrating the 100th anniversary of the Communist Party, achieving over 10 million cumulative reads across platforms[190] Future Outlook and Strategic Plans - The company provided a positive outlook for the next fiscal year, projecting revenue growth of B% and an expected increase in user engagement[148] - The company is investing in R&D, allocating $F million towards new technologies to stay competitive in the industry[148] - Future guidance indicates a focus on sustainability initiatives, with an investment of $I million aimed at reducing the carbon footprint[148] - The company plans to continue expanding its online business, particularly through e-commerce live streaming and new media platforms[107] - The company is actively working to address potential liabilities arising from labor and social security issues[199]