联络互动(002280) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥16,548,701,107.51, representing a 2.43% increase compared to ¥16,155,575,160.96 in 2020[18]. - The net profit attributable to shareholders was -¥395,509,864.58, a decrease of 514.38% from ¥95,447,170.38 in the previous year[19]. - The net cash flow from operating activities was -¥92,336,254.27, down 110.63% from ¥868,943,557.95 in 2020[19]. - The basic earnings per share were -¥0.18, a decline of 550.00% compared to ¥0.040 in 2020[19]. - Total assets at the end of 2021 were ¥10,750,499,925.24, an increase of 11.49% from ¥9,642,621,099.19 at the end of 2020[19]. - The net assets attributable to shareholders decreased by 23.36% to ¥1,544,626,064.62 from ¥2,015,399,825.85 in 2020[19]. - The company reported a significant decline in net profit, indicating uncertainty in its ability to continue as a going concern[19]. - The company reported a non-operating loss of CNY -6.40 million in 2021, compared to a gain of CNY 312.99 million in 2020, indicating a significant decline in non-recurring income[27]. - The company received government subsidies amounting to CNY 14.01 million in 2021, down from CNY 17.77 million in 2020, reflecting a decrease in support[26]. Revenue Breakdown - E-commerce and distribution revenue accounted for ¥15,342,681,873.40, representing 92.71% of total revenue, with a year-on-year growth of 5.06%[53]. - Cultural media revenue decreased by 20.37% to ¥1,168,206,348.56, down from ¥1,467,018,894.89 in 2020[53]. - Internet financial services revenue plummeted by 91.52% to ¥3,974,635.93, compared to ¥46,866,526.43 in the previous year[53]. - Domestic revenue fell by 20.94% to ¥1,234,773,493.19, while overseas revenue increased by 4.94% to ¥15,313,927,614.32, making up 92.54% of total revenue[53]. Market Opportunities - The global retail e-commerce market is projected to reach CNY 10.1 trillion by 2026, indicating a significant growth opportunity for the company[31]. - North America's B2B e-commerce market is expected to grow from CNY 2.1 trillion in 2021 to CNY 5.2 trillion by 2026, with a compound annual growth rate of 20.2%[32]. - The IT/CE retail e-commerce market in North America is anticipated to grow at a compound annual growth rate of 24.7% from 2019 to 2026, driven by increased online spending on IT/CE products[33]. E-commerce Operations - Newegg's B2C business generated a Gross Merchandise Volume (GMV) of $1.7 billion for the nine months ended September 30, 2021, compared to $1.6 billion for the same period in 2020, reflecting a growth of approximately 6.25%[42]. - The B2B segment produced a GMV of $389.7 million for the nine months ended September 30, 2021, up from $227.2 million in the same period of 2020, indicating a growth of approximately 71.6%[43]. - Newegg's platform has over 39.6 million registered users, providing significant growth potential for future sales[48]. - The company's e-commerce business achieved revenue of $2.376 billion in 2021, a year-on-year increase of 12.36%, and a net profit of $36.26 million, up 19.18%[50]. Strategic Initiatives - The company plans to raise $300 million through public financing for the development of Newegg and its own operations[50]. - The company is actively developing new smart hardware projects, building on its long-term technology and brand advantages[40]. - The company aims to enhance its e-commerce ecosystem and customer value recognition through continuous market expansion and resource integration[39]. - The company is exploring various strategies, including asset disposal and financing through subsidiaries, to address its debt issues[77]. Debt and Financial Management - The company is actively communicating with creditors to resolve overdue debts and has reached debt settlement and extension agreements with multiple banks[77]. - The company is focusing on resolving outstanding legal matters to enhance its financial stability and operational efficiency[153]. - The company is actively managing its litigation and debt repayment strategies to mitigate financial risks[152]. Corporate Governance - The company maintains independence from its controlling shareholder in terms of business operations, personnel, assets, and financial management[97]. - The company has committed to improving corporate governance and optimizing management processes to enhance operational efficiency[89]. - The company has implemented a competitive compensation policy to maintain employee cohesion and motivation[122]. Legal and Compliance Issues - The company is involved in a lawsuit with China Digital Culture, with a disputed amount of ¥30,248.5 million, which has not yet resulted in a judgment[151]. - The company has a loan dispute case with Huaxia Bank, involving an amount of ¥4,805.82 million, which has entered the enforcement stage[151]. - The company has confirmed that it has no outstanding legal issues or restrictions related to the equity interests being transacted[139]. Shareholder Information - The actual controller, He Zhitiao, holds 384,355,987 shares, accounting for 17.66% of the total share capital[157]. - The company reported a guarantee amount of 23,500,000 for Beijing Baiwei Borui Trading Co., Ltd., with actual guarantees amounting to 6,000,000[171]. - The company has not reported any major guarantees outside of those listed[170].