ABT Networks(SH:688168)2023-04-28 16:00Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year 2022, representing a growth of 15% compared to the previous year[21]. - The company reported a net profit of 300 million RMB, a 20% increase year-over-year, showcasing effective operational efficiency[21]. - The company's operating revenue for 2022 was ¥456,441,650, representing a year-on-year increase of 16.61% compared to ¥391,422,906.70 in 2021[22]. - The net profit attributable to shareholders of the listed company decreased by 111.72% to -¥8,462,038.73 from ¥72,193,715.73 in the previous year[22]. - The basic earnings per share for 2022 was -¥0.12, a decline of 111.88% from ¥1.01 in 2021[23]. - The company achieved a main business revenue of CNY 456.44 million in 2022, representing a growth of 16.61% compared to 2021[84]. - The company reported a user base growth, with 18,845,500 users, indicating a strong market demand and engagement[127]. - The company reported a significant increase in revenue, achieving a total of $1.5 billion for the fiscal year, representing a 20% year-over-year growth[191]. Research and Development - Investment in R&D increased by 25%, totaling 150 million RMB, focusing on enhancing cybersecurity technologies and cloud computing solutions[21]. - The company invested RMB 10,455.68 million in R&D, an increase of 11.73% compared to the previous year, accounting for nearly 23% of total revenue[38]. - The company has a total of 343 R&D and technical personnel, making up about 65% of the total workforce[38]. - The company applied for 101 new patents and obtained 70 new invention patents in 2022, bringing the total number of patents to 178, including 173 invention patents[63]. - The company’s R&D investment from 2020 to 2022 was CNY 63.30 million, CNY 93.58 million, and CNY 104.56 million, accounting for 24.08%, 23.91%, and 22.91% of revenue respectively[74]. - R&D expenses for 2022 amounted to CNY 104.56 million, an increase of 11.73% from the previous year[85]. - The company has established a comprehensive quality management system, achieving ISO 9001:2015 certification[176]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[21]. - The company is actively involved in various investment partnerships, indicating a strategy for market expansion and collaboration[11]. - The company is exploring international market opportunities to diversify its revenue streams and reduce dependency on domestic sales[127]. - The company plans to expand its market presence through strategic acquisitions and partnerships, aiming to enhance its competitive edge in the industry[127]. - The company is expanding its market presence in Asia, targeting a 30% increase in market share within the next two years[191]. Corporate Governance and Compliance - The board of directors and management have confirmed the authenticity and completeness of the annual report, taking legal responsibility for its contents[4]. - The company has not faced any non-operational fund occupation by controlling shareholders or related parties[7]. - The company has not violated decision-making procedures for external guarantees[7]. - The internal control audit report received a standard unqualified opinion, indicating effective internal controls[165]. - The company emphasizes the importance of compliance with national policies and regulations, which are expected to evolve in areas such as data security and critical infrastructure protection during the "14th Five-Year Plan" period[52]. - The company strictly adheres to legal requirements for information disclosure, maintaining transparency and protecting the interests of small investors[179]. Shareholder and Management Information - The company’s remuneration policy for directors and senior management is subject to approval by the shareholders' meeting, with the compensation linked to performance evaluations[135]. - Total compensation for all directors, supervisors, and senior management at the end of the reporting period amounted to 543.67 million[136]. - The company has a total of 1.7406 million shares held by its directors and key personnel, with specific reductions noted for each individual due to investment firm actions[129]. - The company has established a comprehensive compensation management system, including short-term, mid-term, and long-term incentive plans[150]. Risk Management and Challenges - The report includes a detailed risk assessment in the management discussion and analysis section, highlighting potential uncertainties in future plans and strategies[6]. - The company faced increased credit impairment losses due to cautious assessments of accounts receivable amid changing economic conditions[76]. - The company is actively responding to supply chain risks by improving inventory management and communication with suppliers[79]. Product Development and Innovation - The company has a focus on developing proprietary technologies such as the ABT Security Platform Operation System and the "Yuan Su" data asset monitoring platform[11]. - The company launched several new products, including an intelligent operation and response platform and a data asset monitoring and tracing analysis platform, expanding its product matrix in network security[37]. - The company is developing a comprehensive digital asset management platform, expected to support IT, OT, cloud, and API security by mid-2025[68]. - The company is enhancing its attack surface management capabilities, focusing on multi-layered security strategies to mitigate risks associated with digital assets[69]. Sustainability and Social Responsibility - The company is committed to sustainability, with plans to reduce carbon emissions by 20% over the next five years[191]. - The company donated 100,000 yuan to the Beijing Overseas Chinese Charity Foundation for COVID-19 prevention efforts[171]. - The company promotes energy conservation and low-carbon practices among employees, although no specific environmental protection mechanisms were established[168]. Audit and Financial Reporting - The company has a standard unqualified audit report from Da Xin Accounting Firm, ensuring the accuracy of its financial statements[5]. - The company reported no cash dividends, stock bonuses, or capital reserve transfers for the 2022 fiscal year, with undistributed profits carried forward to future years[5]. - The company has established a robust intellectual property protection framework, including a patent application process and employee awareness programs[180].