COSHIP(SZ:002052)2022-05-19 16:00Financial Performance - The company reported a significant decline in revenue, with total revenue for 2021 amounting to RMB 1.5 billion, representing a decrease of 15% compared to the previous year[16]. - The average revenue per user (ARPU) decreased by 10% year-on-year, indicating challenges in user monetization strategies[12]. - The company's operating revenue for 2021 was ¥139,244,438.79, a decrease of 51.73% compared to ¥288,468,801.88 in 2020[21]. - The net profit attributable to shareholders for 2021 was -¥185,721,184.21, representing a decline of 20.79% from -¥153,758,969.37 in 2020[21]. - The net cash flow from operating activities was -¥34,864,695.86 in 2021, a significant increase in loss of 405.02% compared to -¥6,903,617.19 in 2020[22]. - The total assets at the end of 2021 were ¥485,736,516.25, down 29.95% from ¥693,385,543.02 at the end of 2020[22]. - The net assets attributable to shareholders decreased by 82.45% to ¥40,560,033.37 at the end of 2021 from ¥231,107,987.15 at the end of 2020[22]. - The basic earnings per share for 2021 was -¥0.2490, a decline of 20.82% from -¥0.2061 in 2020[22]. - The company reported a weighted average return on equity of -134.91% in 2021, a decrease of 84.42% from -50.49% in 2020[22]. - The revenue after deducting non-operating income was ¥99,247,248.00 in 2021, compared to ¥250,479,646.87 in 2020[23]. Strategic Initiatives - The company plans to invest RMB 200 million in research and development for new technologies and products in the upcoming year[16]. - Future guidance indicates an expected revenue growth of 5% to 10% for 2022, contingent on market recovery and new product launches[16]. - The company is focusing on expanding its market presence in Southeast Asia, targeting a 20% increase in market share by 2023[16]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[16]. - The company is enhancing its cloud computing services, aiming for a 25% increase in cloud service revenue by the end of 2022[16]. - The company has initiated a new strategy focusing on big data analytics, with an investment of RMB 50 million planned for the development of data-driven solutions[16]. Market and Product Development - The company has expanded its business into lithium-ion battery production and sales, focusing on market research and customer resource acquisition[36]. - The company has developed a new generation of integrated cloud platforms and IoT solutions to meet the increasing demand for smart home upgrades[35]. - The company has launched several new products and solutions based on "three-network integration," positioning itself as a comprehensive technology service provider in the industry[42]. - The company completed a strategic acquisition of a tech startup for 150 million RMB to enhance its product offerings[119]. - New product launches included a smart home device that contributed to a 5% increase in market share[119]. Governance and Compliance - The company has established a supervision and accountability mechanism for the "occupation and freezing" of shares held by major shareholders, ensuring the rights of investors, especially minority shareholders[93]. - The board of directors consists of 4 independent directors, including 3 with accounting expertise and 1 with legal expertise, complying with legal requirements[93]. - The company has maintained an independent and complete business system, ensuring stable operations and independent management during the reporting period[98]. - The company has implemented a transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management, ensuring compliance with legal regulations[95]. - The company has established a complete internal control system to improve operational standards and governance practices[92]. Legal and Regulatory Issues - The company is involved in a lawsuit with Shenzhen Tongzhou Investment Holdings Co., Ltd. regarding a share transfer agreement, with a disputed amount of 81.7688 million yuan[180]. - The company received an administrative penalty from the China Securities Regulatory Commission, with a fine of 600,000 yuan imposed on the company[182]. - The company has been found to have inflated net profits by 26.3 million yuan in 2014 and 110.2216 million yuan in 2015, constituting a violation of securities laws[182]. - The company is currently facing a series of lawsuits related to false statements made to investors, with ongoing legal proceedings[181]. - The company has been ordered to correct its financial statements and has received warnings and fines for its past financial misreporting[182]. Employee and Management Structure - The total number of employees at the end of the reporting period was 361, with 132 in the parent company and 229 in major subsidiaries[139]. - The company had a total of 376 employees receiving compensation during the reporting period[139]. - The company’s management team consists of individuals with varying ages, with the youngest being 36 years old and the oldest being 75 years old, reflecting a diverse age range[103]. - The financial management team has been strengthened with the appointment of a new CFO, Sun He, on August 20, 2021[106]. - The company has a structured salary policy based on job categories, employee capabilities, and work experience[140]. Research and Development - The company is investing 200 million RMB in R&D for new technologies, focusing on IoT and AI advancements[119]. - The company’s R&D investment amounted to ¥33,331,511.96 in 2021, a decrease of 17.42% compared to ¥40,361,612.22 in 2020[65]. - R&D investment accounted for 23.94% of operating revenue in 2021, an increase of 9.95% from 13.99% in 2020[65]. - The number of R&D personnel decreased by 20% from 130 in 2020 to 104 in 2021[64]. - The company completed the development of a smart set-top box based on far-field voice technology, which is now in the market promotion phase[62].