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华数传媒(000156) - 2021 Q4 - 年度财报
Wasu MediaWasu Media(SZ:000156)2022-04-28 16:00

Financial Performance - The company reported a net profit of RMB 3 billion for the years 2020-2022, with a minimum annual profit commitment of RMB 2.8 billion[11]. - The company's operating revenue for 2021 was CNY 8,483,660,931.32, an increase of 11.96% compared to CNY 7,577,647,859.63 in 2020[33]. - The net profit attributable to shareholders for 2021 was CNY 906,794,208.20, reflecting a growth of 7.48% from CNY 843,665,729.48 in the previous year[33]. - The net cash flow from operating activities increased by 46.01% to CNY 2,806,443,620.45, up from CNY 1,922,057,078.10 in 2020[33]. - The total assets at the end of 2021 were CNY 25,600,484,875.84, representing a 9.21% increase from CNY 23,440,513,999.98 at the end of 2020[33]. - The net assets attributable to shareholders increased by 4.33% to CNY 14,127,195,465.27 from CNY 13,541,386,819.17 in 2020[33]. - The basic earnings per share for 2021 was CNY 0.49, a decrease of 12.50% compared to CNY 0.56 in 2020[33]. - The company reported a weighted average return on equity of 6.54% for 2021, slightly up from 6.50% in 2020[33]. - The total operating revenue for 2021 reached ¥8,483,660,931.32, representing an increase of 11.96% compared to ¥7,577,647,859.63 in 2020[95]. - The total revenue for 2021 was 9,365,024,845.31 CNY, representing a year-on-year increase of 12.56% compared to 8,320,186,198.02 CNY in 2020[116]. User Base and Market Position - The company is actively expanding its user base through initiatives like the "Golden Plan" and "New Market Combat Actions," aiming to enhance user retention[6]. - The company is facing risks related to user attrition due to intensified competition in the internet audiovisual industry[6]. - The number of cable TV users in China decreased by 0.09 million to 201 million in 2021, with digital cable TV users down by 0.06 million to 195 million[47]. - The total number of smart terminal users reached 39.949 million, representing a year-on-year growth of 26.41%[48]. - The broadband user base for cable operators decreased by 41.8 thousand in Q3 2021, reflecting a 1.02% quarter-over-quarter decline and a 3.40% year-over-year decline[49]. - The company is positioned as a leading operator in interactive TV, mobile TV, and internet TV, focusing on digital content and comprehensive services[50]. Strategic Initiatives and Investments - The company has shifted its fundraising project focus from "Huashu TV" to "Smart Broadcasting Integration Business," indicating a strategic pivot in investment priorities[7]. - The company is enhancing its operational capabilities to mitigate transmission security risks, which are critical for maintaining brand integrity and user trust[10]. - The company is expanding its new media market presence by developing three major sectors: smart home, technology, and new media[6]. - The company has implemented a procurement model that includes competitive bidding and negotiation for significant projects, ensuring compliance with internal regulations[55]. - The company has activated over 80 million on-demand users, with internet TV terminal coverage exceeding 100 million units[68]. - The company has established partnerships with over 100 well-known content suppliers, creating one of the largest digital content libraries in the country[70]. - The company is actively exploring investments in smart cities, smart homes, and new media, with several projects in due diligence[89]. - The company plans to adjust its investment strategy for the "Huasu TV" project due to significant changes in the market environment, shifting from hardware investment to providing integrated broadcasting and content services[137]. Research and Development - Research and development expenses surged to ¥371,631,175.36, marking a 94.94% increase due to the expansion of R&D projects[107]. - The company's R&D investment in 2021 amounted to 371,631,175.36 CNY, which is a 94.94% increase from 190,637,686.14 CNY in 2020, representing 4.38% of total revenue[114]. - The number of R&D personnel increased to 801 in 2021, a rise of 13.94% from 703 in 2020, with the proportion of R&D personnel in the total workforce increasing to 6.39%[114]. Corporate Governance - The board of directors consists of 12 members, including 4 independent directors, ensuring effective governance and decision-making[185]. - The supervisory board has held 6 meetings during the reporting period, ensuring oversight of the company's operations and management[186]. - The company maintains complete independence from its controlling shareholders in terms of business, personnel, assets, and finance[190]. - The company has established an independent financial department and accounting system, ensuring autonomous financial decision-making[190]. - The management team includes experienced professionals with an average age of 49 years[199]. - The company is focused on strategic governance and compliance with regulatory requirements[199]. Future Outlook and Goals - The company has set a strategic goal of achieving 10 billion yuan in profit and 10 billion yuan in revenue by its centennial[74]. - The company aims to achieve revenue growth, increased investment, stable profitability, and optimized structure in 2022, focusing on a "two increases, one stability, one optimization" goal[159]. - The company plans to implement a three-year development plan centered on smart home, technology, and new media, with a strategic direction of network intelligence, business integration, and industrial ecology[161]. - The company will enhance user retention and broadband upgrades, focusing on market share, brand influence, and user satisfaction in the consumer market[164]. - The company is committed to developing new products and services in the smart home sector, leveraging its national laboratory for innovation and application[166].