Baolande(SH:688058)2022-04-28 16:00Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a 15% year-over-year growth[22]. - The company's operating revenue for 2021 was CNY 199,839,475.80, representing a year-on-year increase of 9.65% compared to CNY 182,260,206.51 in 2020[23]. - The net profit attributable to shareholders decreased by 56.07% to CNY 26,820,613.19 from CNY 61,055,136.92 in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 73.19% to CNY 13,201,514.57 compared to CNY 49,239,726.23 in 2020[25]. - Basic earnings per share dropped by 56.21% to CNY 0.67 from CNY 1.53 in 2020[23]. - The weighted average return on equity decreased by 3.58 percentage points to 2.79% from 6.37% in 2020[24]. - The company's total revenue for the year was 14,388 million, with no change in shares held by the chairman[197]. Dividend and Share Capital - The company plans to distribute a cash dividend of 6 CNY per 10 shares, totaling 24 million CNY (including tax), which represents 89.48% of the net profit attributable to shareholders for 2021[5]. - The company will increase its total share capital from 40 million shares to 56 million shares by distributing 4 additional shares for every 10 shares held, resulting in a total of 16 million shares being distributed[5]. - The profit distribution plan has been approved by the board and will be submitted to the annual general meeting for further approval[7]. Research and Development - The company is investing 100 million RMB in R&D for new technologies, focusing on AI and machine learning applications[22]. - The company's R&D expenses increased by 68.07% year-on-year, significantly impacting overall costs[25]. - The proportion of R&D investment to operating revenue increased by 11.82 percentage points to 33.99%[24]. - The company has established a dual development strategy focusing on infrastructure software and intelligent operation software, enhancing its product offerings in middleware and cloud-native applications[44]. - The company has developed a complete solution for cloud-native middleware, integrating traditional middleware and emerging fields such as containers and microservices[83]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[22]. - The company has set a target to increase its international sales by 30% over the next three years, focusing on North American markets[22]. - The company is actively pursuing market expansion and technological integration to support the full lifecycle of application development, production, and operations[83]. - The company is focusing on expanding its market presence through strategic partnerships and product innovations, aiming for a more robust service offering[96]. Operational Efficiency - The gross margin improved to 60%, up from 55% in the previous year, indicating better cost management[22]. - The company plans to enhance its IT operations with the introduction of intelligent operations software, aiming to reduce operational costs by 15%[22]. - The company has optimized its talent structure and implemented training programs to enhance employee skills, ensuring sustainable development[43]. - The company is focusing on enhancing application security through RASP technology, which provides real-time detection of external attacks and potential vulnerabilities[95]. Risks and Challenges - The company has detailed various operational risks and corresponding countermeasures in the report[4]. - The company faces high technical barriers in middleware and cloud management platform development, requiring extensive expertise in various foundational technologies[62][63]. - The company is facing risks related to macroeconomic fluctuations, which could impact demand in key sectors such as government and finance[132]. - The ongoing COVID-19 pandemic continues to pose risks to the company's operational performance[134]. Product Development and Innovation - New product launches included the BES CloudLink Ops and BES DataLink DI, aimed at enhancing cloud management capabilities[22]. - The company has launched a variety of middleware products, including application servers and data integration platforms, to support cloud-native transformations[74]. - The company is actively investing in new technologies such as 5G, IoT, and AI, positioning itself to leverage these advancements for operational innovation[77]. - The company has achieved a certain first-mover advantage in AI applications in the operations and maintenance field, with successful implementations across various client scenarios[84]. Customer Base and Sales Model - The direct sales model is the main method for selling software products and services, targeting large enterprise clients such as China Mobile and the financial sector[48]. - The company’s revenue primarily comes from the sales of self-developed software products and after-sales technical services[47]. - The company has successfully penetrated the financial sector, with its products now used by major institutions such as China Merchants Bank and China Life Insurance, replacing foreign products like those from IBM and Oracle[70]. Awards and Recognition - The company received multiple awards for its advanced R&D capabilities and core technologies during the reporting period, including the "Outstanding Innovative Solution" award from the China Information Association in March 2021[41]. - The company was recognized as one of the "Top 40 Innovative Enterprises" by the Economic Reference Newspaper in October 2021[42]. - The company’s AIOPS solution won third place in an international competition, showcasing its capabilities in AI and IT operations[114].