Genew(SH:688418)2023-04-06 16:00Financial Performance - The company reported no cash dividends or stock bonuses for the 2022 fiscal year, with the profit distribution plan approved by the board[6]. - The company has not achieved profitability since its listing, indicating ongoing financial challenges[4]. - The company achieved a revenue of €500 million for the fiscal year 2022, reflecting a 5% increase compared to the previous year[15]. - The company's operating revenue for 2022 was CNY 532,469,377.49, representing a 14.68% increase compared to CNY 464,294,559.75 in 2021[27]. - The net profit attributable to shareholders for 2022 was -CNY 215,334,424.01, a significant decline from -CNY 101,529,634.56 in 2021[27]. - The basic earnings per share for 2022 was -CNY 1.1152, compared to -CNY 0.5244 in 2021[28]. - The diluted earnings per share for 2022 was -CNY 1.1152, compared to -CNY 0.5242 in 2021[28]. - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of -CNY 227,626,836.56 for 2022[27]. - The company's net cash flow from operating activities for 2022 was -CNY 65,040,958.95, an improvement from -CNY 230,130,275.96 in 2021[27]. - The company's net assets attributable to shareholders decreased by 19.60% to CNY 919,317,555.66 at the end of 2022 from CNY 1,143,479,063.44 in 2021[27]. Research and Development - The company is investing €50 million in R&D for new technologies, including AIoT and NFV, to improve service delivery and operational efficiency[15]. - Research and development expenses accounted for 35.67% of operating revenue, an increase of 4.62 percentage points[29]. - The total R&D investment reached ¥189,948,182.64, an increase of 31.77% compared to the previous year[84]. - The number of R&D personnel increased to 772, accounting for 59.20% of total staff; R&D investment was 189.95 million yuan, a 31.77% increase from 144.15 million yuan in the previous year[44]. - The company applied for 713 patents (including 632 invention patents) and 394 software copyrights as of December 31, 2022[44]. - The company has a clear ownership of core technologies with no infringement disputes reported[82]. Market Expansion and Strategy - Tiscali plans to expand its market presence by launching new 5G services in 2023, aiming for a 20% increase in user adoption within the first year[15]. - The company is exploring potential acquisitions to enhance its service portfolio and expand its customer base in the European market[15]. - The company is focusing on innovation-driven growth, shifting from investment-driven to user-driven innovation in the communication equipment industry[70]. - The company is actively pursuing market expansion through the development of new technologies and products, including advancements in optical transport networks[16]. - The company is focusing on the "All in 5G" strategy and satellite internet development to expand its global market presence[172]. - The marketing strategy includes expanding overseas markets, particularly in Southeast Asia and the Middle East, while deepening domestic private network market penetration[175]. Operational Efficiency - Tiscali aims to achieve a 15% reduction in operational costs through the implementation of advanced network functions virtualization by 2024[15]. - The company reported a 5% reduction in operational costs due to improved efficiency measures implemented in the last quarter[197]. - The company's operating costs increased by 35.68% year-on-year, reaching CNY 326.71 million, which may impact profitability[122]. - Material and service costs accounted for 88.86% of total costs, amounting to 288.98 million RMB, which is a 69.75% increase year-on-year[134]. Corporate Governance - A standard unqualified audit report was issued by Tianjian Accounting Firm, ensuring the accuracy of the financial statements[5]. - The board of directors was fully present at the meeting, ensuring governance compliance[5]. - The company has disclosed that it does not have any special arrangements for corporate governance[9]. - The company emphasized the importance of accurate and timely information disclosure, adhering to the principles of openness, fairness, and justice[186]. - The company conducted 11 supervisory board meetings in 2022, effectively overseeing financial compliance and protecting shareholder rights[185]. Sustainability and Social Responsibility - Tiscali is committed to sustainability, with plans to reduce carbon emissions by 25% over the next five years through energy-efficient technologies[15]. - The company is committed to building a talent pipeline, focusing on internal talent development and attracting external expertise[179]. Customer Engagement and Satisfaction - Customer satisfaction ratings improved by 15%, reflecting the positive impact of recent product enhancements and service improvements[197]. - The company has established a comprehensive customer service system, enhancing client support and satisfaction[109]. Future Outlook - The company provided guidance for the next fiscal year, projecting a revenue growth of 25%, aiming for $1.875 billion[199]. - Future outlook indicates a projected revenue growth of 20% for 2023, driven by new product launches and market expansion strategies[194]. - The company plans to enhance its digital marketing strategy, aiming for a 30% increase in online sales channels by the end of 2023[194].