WISCOM(SZ:002090)2022-04-11 16:00Financial Performance - The company's operating revenue for 2021 was ¥1,640,761,732.18, a decrease of 11.70% compared to ¥1,858,194,282.82 in 2020[19] - Net profit attributable to shareholders increased by 122.83% to ¥144,968,191.22 in 2021, up from ¥65,058,560.35 in 2020[19] - The net cash flow from operating activities was ¥38,552,806.72, representing a significant decline of 84.13% from ¥242,916,144.78 in the previous year[19] - Basic earnings per share rose to ¥0.3735, an increase of 132.13% compared to ¥0.1609 in 2020[19] - Total assets decreased by 28.19% to ¥2,502,120,859.15 at the end of 2021, down from ¥3,484,364,607.62 at the end of 2020[20] - The company's weighted average return on equity improved to 11.50%, up from 4.90% in 2020, indicating better profitability[19] - The net profit after deducting non-recurring gains and losses was ¥12,497,354.24, a decrease of 69.33% from ¥40,749,755.96 in 2020[19] - The company's net assets attributable to shareholders decreased by 6.35% to ¥1,254,935,009.14 at the end of 2021[20] Cash Flow and Investments - The company's operating cash inflow decreased by 2.62% to CNY 1,773,326,334.67 in 2021 compared to CNY 1,821,099,705.54 in 2020[80] - The net cash flow from operating activities dropped significantly by 84.13% to CNY 38,552,806.72, primarily due to increased cash payments for goods and services[81] - Investment cash inflow surged by 12,201.94% to CNY 903,088,641.40, mainly from the completion of equity transfers and recovery of transfer payments[81] - The net cash flow from investment activities improved by 207.65% to CNY 882,894,315.44, reflecting successful asset management[82] - Financing cash inflow decreased by 84.99% to CNY 221,330,000.00, attributed to increased bank loan repayments and reduced borrowing[81] Market Strategy and Development - The company aims to increase its market share in the non-fossil energy sector, targeting a 20% share of total energy consumption by 2025[29] - The company plans to leverage advancements in 5G, IoT, and AI technologies to enhance its smart energy solutions and maintain a competitive edge[33] - The company is focusing on low-carbon park construction, responding to the growing demand for integrated low-carbon solutions in industrial parks[34] - The company is actively pursuing opportunities in the renewable energy market, particularly in distributed solar energy solutions[30] - The company is positioned to benefit from the national "dual carbon" goals, aiming for peak carbon emissions by 2030 and carbon neutrality by 2060[31] Research and Development - The company has over 300 dedicated R&D personnel and has established multiple research centers, including a Smart Energy R&D Center and a Smart City Research Institute[47] - The company holds more than 120 patents and over 310 software copyrights, reflecting its commitment to innovation and technology advancement[47] - Research and development expenses for 2021 were ¥164,947,094.90, an increase of 3.66% compared to the previous year[75] - The number of R&D personnel grew by 2.90% to 319, with their proportion in the workforce rising to 27.01%[78] - The company is focusing on developing new technologies such as intelligent inspection systems and energy storage solutions to enhance market competitiveness[78] Corporate Governance - The company held 2 shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements[120] - The board of directors consists of 9 members, including 3 independent directors, meeting the requirements of relevant laws and regulations[120] - The supervisory board comprises 3 members, including 1 employee representative, adhering to legal and regulatory standards[121] - The company has established a fair and transparent performance evaluation and incentive mechanism for directors and senior management, including stock option and employee stock ownership plans[122] - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finance[126] Social Responsibility and Community Engagement - The company actively engages in social responsibility initiatives, including environmental protection and support for national education and disaster relief efforts[182] - The company donated RMB 10 million to establish the "Jinzhi Technology Innovation Fund" aimed at supporting education in carbon peak and carbon neutrality, new energy technologies, and AI applications, with annual payments of RMB 2 million over five years[191] - The company provided 519 boxes of medical and living supplies to support frontline healthcare workers during the Nanjing pandemic response[191] - The company has maintained a steady increase in tax payments year-on-year, emphasizing compliance and responsible business practices[191] Risk Management - The company faces increasing market competition in the smart energy and smart city sectors, with a risk of market share loss if it fails to adapt to industry trends and market demands[108] - There is a risk of talent loss due to competition for skilled personnel, prompting the company to enhance its talent development and incentive mechanisms[109] - The company has a high proportion of accounts receivable due to long order execution cycles, which may lead to cash flow pressure and potential bad debt risks[111] - The uncertainty in the macroeconomic environment and industry policies may impact the company's operations and profitability, necessitating proactive strategy adjustments[112] - Ongoing pandemic risks could hinder business operations, particularly in project implementation and travel, requiring the company to monitor the situation closely[113]