HCR(SH:688500)2022-04-29 16:00Financial Performance - The company reported no profit distribution or capital reserve transfer to increase share capital for the year 2021[5]. - The company has not achieved profitability since its listing[4]. - The company's revenue for 2021 was approximately ¥475.98 million, representing a year-over-year increase of 22.25% compared to ¥389.34 million in 2020[22]. - The net profit attributable to shareholders for 2021 was a loss of approximately ¥38.20 million, a significant decline from a profit of ¥73.70 million in 2020[22]. - The basic earnings per share for 2021 was -¥0.514, a decrease of 145.33% compared to ¥1.134 in 2020[23]. - The net cash flow from operating activities for 2021 was a negative ¥18.56 million, down from a positive ¥34.77 million in 2020[22]. - The company's net assets attributable to shareholders decreased by 4.10% to approximately ¥1.18 billion at the end of 2021 from ¥1.23 billion at the end of 2020[22]. - The net profit attributable to the parent company was CNY -38.20 million, a year-on-year decline of 151.83%[33]. - The net profit attributable to the parent company after deducting non-recurring gains and losses was CNY -68.65 million, a year-on-year decline of 303.92%[33]. Governance and Compliance - The audit report issued by PwC confirms the financial statements are true, accurate, and complete[5]. - The board of directors fully attended the board meeting, ensuring governance integrity[5]. - The company has disclosed that there are no special arrangements for corporate governance[8]. - There are no violations of decision-making procedures for external guarantees[8]. - The company has not faced any non-operational fund occupation by controlling shareholders or related parties[7]. - The company has established a robust corporate governance structure, complying with relevant laws and regulations, ensuring effective operation of the shareholders' meeting, board of directors, and supervisory board[135]. - The company has not reported any significant differences in governance compared to regulatory requirements, indicating a strong adherence to governance standards[135]. - The company has not faced any issues regarding independence or operational capability concerning its controlling shareholders[135]. Operational Risks and Strategies - The company has detailed various operational risks and corresponding countermeasures in the report[4]. - The report includes a forward-looking statement risk declaration, indicating potential investment risks[6]. - Future guidance indicates a strategic shift towards improving profitability and operational efficiency in the upcoming fiscal year[12]. - The company is actively expanding its scale through investments, acquisitions, and talent acquisition to enhance its core competitiveness and sustainable profitability[33]. - The company faces risks related to talent shortages, requiring ongoing investment in data scientists and technical personnel to maintain growth[80]. - The company needs to expand its service range to include more small and medium enterprises to enhance its market influence[81]. - The company faces risks related to intensified market competition and potential declines in product and service pricing[87]. Research and Development - The company increased its R&D investment as a percentage of operating revenue to 10.86%, up by 2.16 percentage points from the previous year[24]. - The company invested CNY 51.67 million in R&D in 2021, accounting for 10.86% of its revenue[35]. - Total R&D expenditure increased by 56.08% year-on-year, reaching ¥51,670,375.96, with a ratio of R&D expenditure to operating income at 10.86%[60]. - The company is currently developing several projects, including IoT-based ecological environmental big data analysis and agricultural digital intelligence technology, with significant capitalized investments[62]. - The company has developed a CRM data precision marketing core technology, with an investment of ¥9,000,000, and has completed several core functional modules[69]. - The company aims to enhance its research and development investment to maintain technological leadership in data analysis, focusing on both predictive research and business-driven R&D[128]. Market Expansion and Product Development - The company launched new SaaS products, including XMfactory and DMengine, aimed at enhancing customer experience and data-driven marketing solutions[13][14]. - The company is focusing on expanding its market presence and enhancing its technology capabilities in artificial intelligence and big data[12]. - The company has developed a series of SaaS-based analytical products, which have become the core technical competitiveness of the company[77]. - The company has initiated a digital product transformation with the launch of "XMfactory" and "DMengine" to support standardized expansion into mid-tier clients[79]. - The company aims to provide comprehensive digital marketing solutions that leverage data-driven strategies to enhance customer acquisition and engagement[130]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by 2025[149]. Employee and Management - The company employed a total of 743 staff, including 185 R&D personnel and 88 technical staff, indicating a strong focus on innovation and development[167]. - The total compensation for key management personnel during the reporting period amounted to 971.81 million yuan[144]. - The total compensation for R&D personnel amounted to ¥4,032.99 million, with an average salary of ¥23.72 million[75]. - The company emphasizes employee training and development, implementing regular skill training and sharing of best practices among staff[169]. - The number of R&D personnel increased by 58.12% year-on-year, reaching 185, with R&D personnel accounting for 24.9% of the total workforce[75]. Social Responsibility and Environmental Initiatives - The company actively engages in social responsibility, contributing 92,500 CNY in material donations for disaster relief efforts in Henan Province[181]. - The company emphasizes environmental protection, adhering to energy-saving laws and promoting waste reduction initiatives[179]. - The company has implemented a green development philosophy, achieving ISO24001 and ISO9001 certifications for environmental and quality management systems[179]. - The company has integrated ESG principles into its core governance, enhancing its corporate image and stakeholder engagement[180]. - The company has not faced any administrative penalties for environmental issues during the reporting period[176]. Financial Position and Assets - The total assets as of the end of 2021 were approximately ¥1.45 billion, reflecting a 1.50% increase from ¥1.43 billion at the end of 2020[22]. - The company reported a significant increase in overdue receivables, resulting in higher provisions for bad debts[33]. - Accounts receivable amounted to 275.12 million yuan, accounting for 18.97% of total assets, highlighting potential collection risks as the company grows[86]. - The company reported a significant increase in deferred income tax assets by 603.51% to 16,127,278, attributed to the recognition of tax loss carryforwards[113]. Strategic Acquisitions and Partnerships - The company acquired 51% of the equity in Shanghai Lirui Information Technology Co., Ltd. for 15.30 million RMB, enhancing its market presence[102]. - The company also acquired 20% of the equity in Huicheng Vision for 5.50 million RMB, making it a wholly-owned subsidiary[102]. - A new strategic partnership has been established with a leading tech firm to co-develop next-generation data analytics tools[150].