天威视讯(002238) - 2021 Q4 - 年度财报

Financial Performance - In 2021, the company achieved operating revenue of CNY 1,779.48 million, a decrease of CNY 371.48 million or 20.88% compared to 2020[5] - The total profit for 2021 was CNY 102.99 million, down by CNY 38.12 million or 27.01% from the previous year[5] - The net profit attributable to shareholders was CNY 104.19 million, a decrease of CNY 37.84 million or 26.64% compared to 2020[5] - The company plans to achieve an operating revenue of CNY 1,408.00 million in 2022, reflecting a projected decline of 20.88% from 2021[5] - The company's operating revenue for 2021 was CNY 1,779,478,954.56, representing a 2.04% increase from CNY 1,743,948,619.70 in 2020[37] - The net profit attributable to shareholders for 2021 was CNY 142,033,351.68, a decrease of 22.02% compared to CNY 182,129,880.37 in 2020[37] - The basic earnings per share for 2021 was CNY 0.18, a decline of 21.74% from CNY 0.23 in 2020[37] - The company reported a net profit margin of 12% for 2021, slightly down from 13% in 2020, attributed to increased operational costs[184] User Base and Market Challenges - The company is facing challenges with a continuous decline in cable TV users and increased competition from new media and IPTV[8] - The company reported a decrease in cable digital TV users, with a total of 1.4745 million users at the end of the reporting period, down by 130,400 users or 8.12% compared to the previous year[52] - The company achieved a total of 638,800 cable broadband paying users, an increase of 11,800 users or 1.88% compared to 2020[52] - The revenue from the cable television sector was CNY 1,559,399,750.40, accounting for 87.63% of total revenue, with a slight increase of 1.43% year-on-year[66] Strategic Initiatives and Future Outlook - The company aims to stabilize its existing user base while promoting growth through smart integration of mobile communication, cable TV, broadband, and audiovisual content[8] - The company is transitioning towards new business areas such as government and enterprise services and data centers, which require significant investment in resources[9] - The company plans to reduce its 2022 revenue target to RMB 140,800.00 million, representing a decrease of 20.88% compared to 2021[137] - The projected net profit for 2022 is RMB 10,274.00 million, down 27.06% from the previous year[137] - The company is focusing on integrating 5G technology into its services, with a unified operational management structure being developed[50] - The company is committed to sustainability initiatives, with plans to invest 10 million in green technology solutions over the next two years[121] Investments and R&D - The company is focusing on building a talent pool in cutting-edge technologies such as 5G, cloud computing, and IDC to support its business transformation[15] - The company’s R&D expenses increased by 6.11% to ¥82,821,065.19 in 2021 from ¥78,053,367.04 in 2020[76] - Research and development expenses increased by 20% to 150 million RMB, focusing on cloud and big data technologies[184] - The company plans to invest 100 million RMB in enhancing customer service infrastructure over the next two years[184] Subsidiary Performance - The subsidiary Shenzhen Tianbao Broadcasting had a net profit of ¥74,074,077.00, contributing over 10% to the company's net profit[104] - The subsidiary Shenzhen Tianlong Broadcasting reported a net profit of ¥49,443,104.76, also contributing significantly to the overall performance[107] - The subsidiary Shenzhen Tianwei Network Engineering had a net profit of ¥5,113,453.02, indicating positive operational results[107] Governance and Management - The company has established a comprehensive internal control system, including financial management and risk prevention measures, which has matured over years of practice[154] - The company has a clear and independent operational structure, with complete separation from the controlling shareholder in terms of assets, personnel, finance, and business[157] - The company’s governance structure includes a supervisory board, which has also seen no changes in its composition during the reporting period[168] - The company’s board consists of a mix of executive and independent directors, ensuring a balance of oversight and management[165] Financial Health and Cash Flow - The net cash flow from operating activities for 2021 was CNY 435,559,129.49, down 12.81% from CNY 499,574,397.38 in 2020[37] - The total investment amount for the reporting period was ¥205,287,012.90, a decrease of 31.88% compared to ¥301,352,619.45 in the same period last year[96] - The company reported an investment loss of ¥8,030,796.30, accounting for 5.69% of total profit[86] - The company had cash and cash equivalents net decrease of ¥280,662,619.06, a decline of 301.75% compared to the previous year[83]