SZZT(SZ:002197)2023-04-28 16:00Financial Performance - In 2022, the company reported a significant increase in revenue, with a year-on-year growth of 15%[19]. - The company's operating revenue for 2022 was ¥1,224,867,260.86, a decrease of 2.40% compared to ¥1,254,951,986.38 in 2021[21]. - The net profit attributable to shareholders for 2022 was -¥538,248,723.60, representing a significant decline of 1,522.11% from a profit of ¥37,848,614.96 in 2021[21]. - The net cash flow from operating activities decreased by 43.54% to ¥354,417,364.15 in 2022, down from ¥627,756,293.37 in 2021[21]. - The total assets at the end of 2022 were ¥5,984,183,348.46, an 8.30% decrease from ¥6,525,814,502.25 at the end of 2021[21]. - The company reported a basic earnings per share of -¥0.88 for 2022, a decline of 1,357.14% compared to ¥0.07 in 2021[21]. - The weighted average return on equity for 2022 was -19.33%, down 20.86% from 1.53% in 2021[21]. - The company achieved an operating revenue of RMB 1,224.87 million in 2022, a decrease of 2.40% compared to the previous year[59]. - The net profit attributable to shareholders was a loss of RMB 538.25 million, primarily due to a significant decline in gross margin and increased costs in IDC and cloud computing businesses[59]. Business Strategy and Development - The company has transformed into a modern high-tech enterprise involved in both IDC and cloud computing, as well as financial technology, since its establishment in 1993[19]. - The company is actively expanding its market presence in the cloud computing sector, leveraging its capabilities in providing integrated solutions[19]. - The company is focusing on the development of new technologies, including AI and smart city solutions, to enhance its service offerings[19]. - The company aims to enhance its operational efficiency through the implementation of energy management contracts and other innovative strategies[19]. - The company is committed to continuous innovation in the financial technology sector, aiming to meet the evolving needs of its customers[19]. - The company is focusing on enhancing its digital economy capabilities, aligning with national strategies to boost the digital economy's contribution to GDP[31]. - The company is actively responding to national calls for digital development and is focused on creating core competitive advantages through the synergy of IDC, cloud computing, and fintech businesses[51]. - The company is currently building the ZT Cloud Valley No. 3 data center, which is planned to have approximately 3,240 cabinets[42]. - The company is developing the "Zheng Tong Xin Chuang Cloud Platform" to provide cloud services and multi-cloud management capabilities for government and financial sectors, aiming to enhance customized cloud services and value-added services[82]. Research and Development - The company completed 38 patent applications during the reporting period, including 23 invention patents, and held a total of 255 valid patents by the end of the reporting period[54]. - The company is focusing on integrating new technologies such as AI and 5G into its smart city solutions, enhancing its service offerings[85]. - The company is increasing R&D investment in its "IDC+" business, providing customized cloud service solutions and comprehensive lifecycle solutions from IAAS to PAAS and SAAS[126]. - The company's R&D investment amounted to ¥128,307,336.66 in 2022, representing a 6.97% increase from ¥119,949,798.94 in 2021, and accounted for 10.48% of total revenue[86]. - The number of R&D personnel increased to 353 in 2022, up 6.33% from 332 in 2021, with the proportion of R&D staff rising to 30.96%[86]. Market Trends and Industry Outlook - The IDC and cloud computing industry is projected to grow, with China's data center market expected to reach ¥363.63 billion in 2023, reflecting a compound annual growth rate of 33.4%[32]. - The cloud computing market in China is projected to exceed $600 billion by 2025, with a compound annual growth rate (CAGR) of 23.56% from 2022 to 2027, growing from approximately $403.3 billion to $1.8764 trillion[34]. - The scale of the domestic "信创" (Xinchuang) industry reached 922.02 billion yuan in 2022, with a five-year CAGR of 35.7%, expected to surpass 2 trillion yuan by 2025[39]. - The global POS terminal market demand is expected to reach 380 million units by 2025, driven by the growth of mobile payment markets in regions like Southeast Asia and Latin America[38]. - The demand for self-service terminals is anticipated to grow significantly in 2023, while the demand for ATMs is expected to decline[37]. Risk Management - The management discussion section outlines potential risks the company may face in future development[4]. - 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[21]. - The company faces competition in the IDC and cloud computing sectors from major players like Century Internet Data Center and Beijing Guanghuan New Network Technology[36]. - The company is addressing potential increases in data center operating costs due to fluctuating electricity prices by optimizing energy management and utilizing renewable energy[132]. - The company is focusing on improving the collection of accounts receivable to mitigate risks associated with long project execution cycles and potential bad debts[133]. Corporate Governance - The company held three shareholder meetings during the reporting period to ensure compliance with legal requirements and protect shareholder rights[139]. - The board of directors consists of 7 members, including 3 independent directors, and held 7 meetings during the reporting period[140]. - The supervisory board, composed of 3 members, also held 7 meetings to oversee major transactions and compliance matters[141]. - The company emphasizes investor relations management, utilizing various platforms for communication and information disclosure[143]. - The company has established a comprehensive human resource management system to enhance talent acquisition and retention, focusing on composite technical and management talents to meet new business needs[147]. Employee Management and Development - The total number of employees at the end of the reporting period was 1,140, with 702 in the parent company and 438 in major subsidiaries[178]. - The company has 719 technical personnel, accounting for approximately 63% of the total workforce[178]. - The company implemented a competitive and performance-based compensation system, enhancing employee motivation and aligning income with company performance[179]. - During the reporting period, the company organized nearly 100 offline training sessions, with over 2,000 participations, improving employee skills and cohesion[181]. - The company has established a comprehensive training system covering management, technology, sales, and risk management, with both internal and external training resources utilized[180]. Environmental and Social Responsibility - The company implemented a green low-carbon sustainable development strategy, resulting in a decrease in the overall PUE value of data centers by approximately 0.09 year-on-year[196]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[196]. - The company has obtained ISO45001 certification for occupational health and safety management, ensuring employee rights and welfare[200]. - The company has established a party branch to promote healthy corporate development since 2019[198]. Shareholder Relations - The company plans to continue improving its internal control measures to ensure asset safety and the authenticity of financial reporting[188]. - The company reported a profit distribution policy for the reporting period, stating that it will not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital[182]. - The employee stock ownership plan (ESOP) held 4,681,648 shares at the end of the reporting period, accounting for 0.76% of the company's total share capital[184]. - The financial impact of the employee stock ownership plan on the company's financial status and operating results was 12.78 million yuan[187].