SNBC(SZ:002376)2022-04-19 16:00Financial Performance - The company's operating revenue for 2021 was ¥2,645,650,052.83, representing a 10.42% increase compared to ¥2,395,931,932.34 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥145,821,718.30, a decrease of 21.22% from ¥185,093,725.97 in 2020[18]. - The net profit after deducting non-recurring gains and losses was ¥126,835,559.68, down 22.56% from ¥163,789,856.88 in the previous year[18]. - The basic earnings per share for 2021 was ¥0.22, a decrease of 21.43% from ¥0.28 in 2020[18]. - Total assets at the end of 2021 amounted to ¥6,434,054,403.05, an increase of 8.68% from ¥5,920,086,715.63 at the end of 2020[18]. - The net assets attributable to shareholders decreased by 1.03% to ¥3,576,423,634.01 from ¥3,613,785,031.65 at the end of 2020[18]. - The weighted average return on net assets for 2021 was 3.96%, down from 5.06% in 2020[18]. - The company reported a total revenue of 2,780.60 million in 2021, reflecting a significant growth compared to previous years[154]. Cash Flow and Investments - The net cash flow from operating activities was negative at -¥145,837,033.61, a significant decline of 188.18% compared to ¥165,387,432.60 in 2020[18]. - The net cash flow from investing activities improved by 104.38%, reaching ¥20,594,125.08, compared to -¥470,134,827.40 in the previous year[78]. - The net cash flow from financing activities increased by 122.28% to ¥72,635,522.90, primarily due to an increase in bank loans[78]. - The total amount of investment income was ¥145,849,336.49, accounting for 81.06% of total profit, indicating a strong reliance on long-term equity investments[79]. - The company invested a total of 87.7 million CNY in committed investment projects, with 85.98 million CNY actually utilized, achieving a utilization rate of 66.78% by December 31, 2021[98]. Revenue Breakdown - Revenue from strategic emerging industries (finance, logistics, new retail) accounted for 75.30% of total revenue, amounting to approximately ¥1.99 billion, up 7.63% from the previous year[62]. - The revenue from intelligent self-service devices increased by 25.01% year-on-year, reaching approximately ¥1.02 billion, making up 38.46% of total revenue[63]. - The logistics automation business reported a revenue of 423 million yuan, reflecting a year-on-year growth of 43.94%[48]. - The smart self-service terminal business achieved a revenue of 821 million yuan, a year-on-year growth of 56.31%, with overseas market revenue reaching 131 million yuan, up 539.45%[44]. - The financial industry scenario solutions generated revenue of 404 million yuan, a decline of 38.47%, while overseas market revenue increased by 4.99% to 105 million yuan[46]. Research and Development - The company maintained a research and development investment ratio of over 10% of its revenue, with 1,257 R&D personnel accounting for nearly 30% of total employees[36]. - The company holds a total of 1,993 valid patents, including 521 invention patents, and is actively pursuing 429 additional patents[36]. - The company invested 318 million yuan in R&D, a decrease of 11.08% year-on-year, with a R&D expense ratio of 12.02%[53]. - The company has completed the prototype development of a facial recognition payment terminal, aiming to enhance its capabilities in recognition algorithms[72]. Market Trends and Strategic Focus - The logistics industry saw a growth of nearly 30% in express delivery volume in 2021, with expectations to reach 1.225 billion items in 2022, driving demand for automation solutions[30]. - The smart self-service terminal products, including smart express cabinets and vending machines, are key growth areas, with increasing applications in various sectors such as retail and healthcare[32]. - The financial technology sector is experiencing rapid growth, with the central bank promoting smart banking transformations, which aligns with the company's strategic focus[29]. - The company aims to enhance its market presence through strategic expansion in the fields of automation and intelligent equipment, targeting the trend of "unmanned and less manpower" solutions[31]. - The overall market for smart retail solutions is expanding, with the automated vending machine market in China estimated to be around 640,000 units in 2021, indicating robust growth potential[30]. Risks and Challenges - The company faces risks including macroeconomic fluctuations, intensified market competition, and rising raw material prices[4]. - The company is exposed to the risk of rising raw material prices, particularly for steel, touch screens, plastics, and chips, which could negatively impact gross margins[132]. - The company is at risk of intensified market competition, particularly in the financial, logistics, and new retail sectors, which may affect growth and profitability[131]. - The company is expanding its business, which increases management complexity and may lead to operational risks if resources are not effectively allocated[134]. Governance and Investor Relations - The company held multiple investor communication activities, including a conference call on April 19, 2021, with various institutional investors participating[137]. - The annual report for 2021 was released, detailing the company's performance and future strategies[139]. - The company emphasized its commitment to transparency and regular updates to investors through structured communication channels[140]. - The governance structure of the company complies with the relevant laws and regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[148]. - The company has established a comprehensive performance evaluation system linking executive compensation to business performance[147]. Employee and Operational Management - The total number of employees decreased to 4,244 by the end of 2021, a reduction of 356 employees compared to the previous year[60]. - The company has a workforce composition of 1,187 production staff, 261 sales personnel, 2,456 technical staff, 55 financial staff, and 285 administrative staff[182]. - The company emphasizes employee training and development, providing various training programs to enhance employee skills and potential[184]. - The company has implemented a cash dividend policy, with a proposed distribution of 2.00 CNY per 10 shares, amounting to a total cash dividend of 131,934,439.20 CNY[186][189].