Speechocean(SH:688787)2022-05-30 16:00Financial Performance - The company's operating revenue for 2021 was ¥206,476,533.04, a decrease of 11.53% compared to ¥233,373,953.01 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥31,605,431.79, down 61.49% from ¥82,081,021.91 in 2020[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,067,433.20, a decline of 71.15% from ¥73,015,355.36 in 2020[24]. - The net cash flow from operating activities for 2021 was -¥15,548,319.63, a decrease of 130.38% compared to ¥51,176,659.14 in 2020[24]. - The total assets at the end of 2021 were ¥840,663,396.09, an increase of 76.11% from ¥477,350,038.99 at the end of 2020[24]. - The net assets attributable to shareholders at the end of 2021 were ¥805,908,403.05, an increase of 84.02% from ¥437,956,372.58 at the end of 2020[24]. - The company achieved a revenue of 206 million RMB in 2021, with a net profit of 31.61 million RMB, resulting in a net profit margin of 15.31%[96]. - The gross profit margin for the company stands at 64.01%, indicating strong profitability compared to competitors[96]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2.50 RMB per 10 shares, totaling 10,700,000 RMB, which represents 33.85% of the net profit attributable to shareholders for the year[6]. - The board of directors has approved the profit distribution plan, pending approval at the annual general meeting[6]. - The company does not plan to increase capital reserves or issue bonus shares this year[6]. Research and Development (R&D) - R&D investment as a percentage of operating revenue increased by 10.67 percentage points to 29.31%[27]. - The company achieved a total R&D investment of CNY 60,520,933.71 in 2021, representing a 39.14% increase compared to CNY 43,497,496.67 in the previous year[114]. - The number of R&D personnel increased to 77, representing a 75% year-on-year growth[40]. - The company has developed 12 core technologies that support the entire training data production process, enhancing its operational capabilities[106]. - The company has made significant advancements in core technologies, including improvements in speech recognition algorithms and multi-language OCR capabilities supporting over 10 mainstream languages[109]. Market Position and Client Base - The company holds a market share of 12.9% in the Chinese AI data service industry, ranking second[95]. - The total number of clients reached 695 by the end of the reporting period, with 145 new clients added in 2021, marking the highest annual increase in five years[51]. - The company has established partnerships with 695 clients, including major tech firms like Alibaba, Tencent, and ByteDance, enhancing its market presence[95]. - The company has established itself as a leading domestic enterprise in the AI foundational data service sector, serving 695 clients across various industries including technology, finance, and education[56]. Challenges and Risks - The company faced significant challenges due to the resurgence of COVID-19 overseas and intensified industry competition, impacting overall performance[26]. - The company has a risk of core technology obsolescence due to rapid industry changes, necessitating ongoing investment in talent and technology[143]. - The company is subject to evolving data security regulations, which could impact its operations if compliance is not maintained[146]. - The company may face challenges in achieving authorized sales of its standardized training data products if they do not meet customer requirements[145]. Technological Advancements - The company has launched multiple cutting-edge technology initiatives, including voiceprint recognition and computer vision recognition[44]. - The company has developed over 930 standardized training dataset products, covering various business lines including intelligent voice, computer vision, and natural language processing[45]. - The company has developed a handwriting data collection software compatible with both iOS and Android systems, supporting global data collection capabilities[119]. - The company has completed the development of a mobile voice collection software, optimizing real-time quality control and data collection capabilities[119]. Compliance and Audit - The company has received a standard unqualified audit report from the accounting firm[5]. - The company has established a mature data security and compliance management system, achieving ISO/IEC 27001 and ISO27701 certifications, which enhances its competitive edge in data safety[139]. Sales and Marketing Strategies - The company is actively adjusting its sales strategy to counteract the impacts of the COVID-19 pandemic, including expanding its sales team and establishing new service points[50]. - The company’s overseas sales strategy was optimized for key markets including the US, Europe, Japan, and South Korea, enhancing customer engagement and brand visibility[175]. Future Outlook - The company plans to enhance its market share and R&D capabilities in response to industry changes, focusing on intelligent data processing and technology platform development[27]. - The company aims to expand its market presence and enhance its competitive edge through continuous innovation in training data solutions[56].