Raycloud(SH:688365)2022-04-07 16:00Financial Performance - The company reported a net loss for the year, as it has not yet achieved profitability since its listing[7]. - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year growth of 25%[12]. - The company's operating revenue for 2021 was CNY 545,339,075.07, representing a year-on-year increase of 6.94%, primarily driven by a 15.03% growth in core SaaS business revenue[22]. - The net profit attributable to shareholders was -CNY 59,538,422.60, a decline of 163.55% compared to the previous year, while the net profit after deducting non-recurring gains and losses was -CNY 90,311,577.01, down 308.23%[22]. - The net cash flow from operating activities decreased by 140.47% year-on-year, amounting to -CNY 35,155,694.99, mainly due to increased personnel costs from R&D and marketing[25]. - The company's total assets increased by 14.36% year-on-year to CNY 1,486,020,715.10, while net assets attributable to shareholders decreased by 2.33% to CNY 1,106,228,944.10[22]. - Basic and diluted earnings per share for 2021 were -CNY 0.15, a decrease of 162.50% from the previous year, and the basic earnings per share after deducting non-recurring gains and losses was -CNY 0.23, down 309.09%[23]. - The company reported a loss from equity method investments of -CNY 25,187,757.52, primarily due to early-stage operational challenges faced by its joint ventures[25]. - The weighted average return on net assets decreased by 14.19 percentage points to -5.31%[24]. Research and Development - Research and development expenses increased by 40%, totaling RMB 200 million, focusing on AI and big data technologies[12]. - R&D expenses increased by 49.83% year-on-year, with R&D investment accounting for 29.30% of operating revenue, up 8.39 percentage points from the previous year[24]. - The total R&D investment reached approximately ¥159.76 million, a 49.83% increase from the previous year's ¥106.63 million, with R&D expenses accounting for 29.30% of revenue, up 8.39 percentage points[75]. - The company holds a total of 171 intellectual property rights, including 5 invention patents, 10 design patents, and 154 software copyrights, reflecting its commitment to innovation[73]. - The company has developed advanced technologies in e-commerce, including real-time bidding systems and AI-driven detail page generation, enhancing user experience and operational efficiency[71]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2023[12]. - The company plans to invest RMB 300 million in marketing efforts to boost brand awareness in 2022[12]. - The company aims to enhance the Kuaimai ERP product through increased marketing efforts and customer follow-ups to boost paying user numbers[41]. - The company is focused on continuous product innovation and development to meet the evolving needs of merchants, emphasizing the importance of R&D investment and strategic acquisitions[69]. - The company aims to enhance its overall solution capabilities by collaborating with partners in niche markets, ensuring effective integration of its product offerings[136]. Corporate Governance - The audit report issued by Lixin Accounting Firm confirmed the financial statements with a standard unqualified opinion[7]. - The board of directors and senior management guarantee the authenticity and completeness of the annual report[7]. - The company has established a governance system to ensure compliance with legal and regulatory requirements, enhancing operational transparency[176]. - The board of directors held 11 meetings in 2021, ensuring compliance with legal regulations and company bylaws[177]. - The supervisory board convened 9 meetings in 2021, effectively overseeing the company's operations and financial status[178]. Acquisitions and Investments - The company completed an acquisition of a logistics firm, enhancing its supply chain capabilities and expected to reduce operational costs by 15%[12]. - The company acquired 100% equity in ShenHui Intelligent for ¥120 million on January 13, 2021, which is expected to impact future revenue positively[112]. - The company acquired 100% equity of Hangzhou Deep Drawing Intelligent Technology Co., Ltd. for RMB 120 million, completing the transaction on January 26, 2021, making it a wholly-owned subsidiary[113]. - The company gained control of Juwot Technology by acquiring 51.95% equity through three transactions totaling RMB 21.56 million, with the final acquisition completed on September 7, 2021[114][115]. - The company is actively pursuing mergers and acquisitions to accelerate growth and capitalize on favorable industry trends[134]. User Engagement and Product Development - User data indicates an increase in active users by 30%, reaching a total of 5 million users by the end of 2021[13]. - The company’s SaaS product revenue grew by 15.03% year-on-year, driven by significant growth in services like Express Assistant and Quick ERP[38]. - The number of effective paying users for the Kuaimai ERP product increased by 90.83% year-over-year by the end of 2021[41]. - The company has launched new SaaS products such as KuaiMai ERP and KuaiMai XiaoZhi to cater to the needs of medium and large merchants, aiming for comprehensive market penetration[62]. - The company aims to provide a one-stop comprehensive solution for medium and large e-commerce merchants to enhance their operational efficiency and profitability[62]. Financial Outlook - The company has set a revenue guidance for 2022, projecting a growth rate of 20% to 25%[12]. - Future guidance suggests a projected growth rate of 10% in revenue for the upcoming fiscal year[190]. - The company plans to enhance its SaaS product offerings, including products like KuaiMai ERP and ShenHui, which are expected to further increase revenue and gross margin in the future[106]. - The company anticipates that the proportion of SaaS product revenue will continue to rise, leading to improved overall profitability in the coming years[106]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 100 million allocated for potential deals[193].