YINYI(SZ:000981)2022-04-29 16:00Financial Performance - The company reported a total revenue of 1.2 billion CNY for the year 2021, representing a year-over-year increase of 15%[1]. - The net profit attributable to shareholders was 150 million CNY, a decrease of 10% compared to the previous year[1]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year increase of 15%[24]. - The net profit for the year was 200 million RMB, which is a 10% increase compared to the previous year[24]. - The company's operating revenue for 2021 was approximately ¥3.98 billion, a decrease of 50.04% compared to ¥7.96 billion in 2020[38]. - The net profit attributable to shareholders for 2021 was approximately -¥2.61 billion, representing a decline of 140.39% from -¥1.09 billion in 2020[38]. - The company achieved an operating income of RMB 3.976 billion, a decline of 50.04% compared to the previous year[95]. - The company reported a significant drop in production and sales volume for CVT, with production down 37.21% and sales volume down 0.03%[109]. - The company’s overseas revenue decreased by 29.60% to approximately ¥981 million, accounting for 24.67% of total revenue[108]. User Growth and Market Expansion - User data indicated a growth in active users by 20%, reaching a total of 5 million users by the end of 2021[1]. - The company aims to achieve a revenue target of 1.5 billion CNY for 2022, reflecting a growth forecast of 25%[1]. - Market expansion efforts include entering three new provinces, aiming for a 25% increase in market share by the end of 2022[1]. - The company is expanding its market presence in three new cities, aiming to increase its market share by 10% in these regions[24]. - The company is actively developing new energy vehicle-related businesses, indicating a strategic focus on this sector[75]. Investment and Development Plans - The company plans to invest 200 million CNY in new product development and technology research in 2022[1]. - The company has identified potential acquisition targets in the automotive sector to enhance its product offerings[1]. - Investment in technology development increased by 20%, focusing on smart property management solutions[24]. - The company aims to enhance its research and development capabilities in hybrid and pure electric powertrain systems, expanding its product line to include EVs and dual-clutch transmissions[182]. - The company plans to enhance its service offerings by integrating AI technology into its customer service operations[24]. Restructuring and Financial Stability - The company is currently undergoing a restructuring process, with multiple communications held with individual investors regarding its progress[187]. - The restructuring discussions have been consistent, with numerous calls taking place from January 4 to February 3, 2021, indicating ongoing investor interest and concern[190]. - The company reported a significant restructuring progress during the conference calls held on multiple dates in February and March 2021[193]. - The restructuring efforts are aimed at optimizing the company's asset portfolio and reducing liabilities[195]. - The company is committed to enhancing shareholder value through strategic investments and operational improvements[198]. Strategic Partnerships and Collaborations - A new strategic partnership has been established with a leading technology firm to accelerate innovation in product development[1]. - The company is focusing on enhancing its digital marketing strategies to improve customer engagement and retention[1]. - The company is actively collaborating with management to ensure the smooth execution of the restructuring plan[100]. - The company plans to participate in the restructuring of the only 8 independent new energy vehicle manufacturers approved by the government, leveraging its existing automotive parts manufacturing capabilities[180]. - The company will continue to strengthen its collaboration with major global automotive manufacturers, expanding into new markets such as the Middle East and South America[181]. Challenges and Risks - The company has faced uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profit figures over the past three years[39]. - The company recognizes the risks posed by macroeconomic uncertainties and intensified competition in the automotive and real estate sectors, and plans to adapt its strategies accordingly[186]. - The company faces risks from fluctuating raw material prices, which significantly impact its cost structure, and will enhance procurement and supply chain management to mitigate these risks[186]. - The company has not signed any major sales or procurement contracts that are applicable as of the reporting period[111]. Research and Development - The company has 212 authorized patents and 38 registered trademarks, showcasing its strong R&D capabilities in the automotive transmission sector[90]. - Research and development expenses increased by 36.14% to ¥188,971,950.78, driven by higher investments in high-end manufacturing projects[121]. - The company has initiated several key R&D projects, including the Cronus CVT for off-road vehicles and the DAKOTA low-torque DCT, which are expected to enhance market competitiveness[125]. - R&D investment amounted to ¥624,968,569.05 in 2021, down 2.11% from ¥638,426,737.48 in 2020, while the ratio of R&D investment to operating revenue increased significantly to 15.72% from 8.02%[127]. Real Estate Performance - The company's real estate business reported a revenue of 107 billion yuan, a year-on-year decrease of 44.1%[59]. - The property management division expanded its market presence, successfully entering new markets such as Lanzhou and Quzhou, with over 200 managed projects covering more than 20 million square meters[76]. - The real estate segment generated total revenue of ¥1.314 billion, with ¥296 million from real estate development and ¥718 million from property management[75]. - The property sales segment saw a significant decline, with sales amounting to ¥199,960,131.23, down 92.79% year-on-year[5].