Star-net(SZ:002396)2022-09-23 16:00Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2021, representing a year-on-year increase of 15%[24] - The net profit attributable to shareholders was 200 million RMB, an increase of 10% compared to the previous year[24] - The company's operating revenue for 2021 was ¥13,548,675,867.07, representing a 31.49% increase compared to ¥10,304,234,309.56 in 2020[32] - The net profit attributable to shareholders for 2021 was ¥541,538,447.52, up 27.50% from ¥424,722,314.82 in 2020[32] - The net profit after deducting non-recurring gains and losses was ¥487,084,819.82, a 23.49% increase from ¥394,425,336.34 in 2020[32] - The company's total assets at the end of 2021 were ¥11,122,958,343.17, reflecting a 27.62% increase from ¥8,715,629,599.90 at the end of 2020[32] - The basic earnings per share for 2021 was ¥0.9284, which is a 27.49% increase compared to ¥0.7282 in 2020[32] - The company's total revenue reached ¥13,548,675,867.07 in 2021, representing a year-on-year increase of 31.49% compared to ¥10,304,234,309.56 in 2020[66] - The company achieved a total revenue of RMB 13,548,675,867.07 in 2021, representing a year-on-year growth of 31.49%[54] User Growth and Market Expansion - User data showed a growth in active users by 25% year-on-year, reaching 5 million active users by the end of 2021[24] - The company is focusing on expanding its market presence in Southeast Asia, targeting a 20% market share by 2025[24] - The company is focusing on expanding its overseas market presence and optimizing customer structure[54] - The company maintained a leading position in the desktop cloud terminal VDI market in China, with the highest market share, and ranked first in the Asia-Pacific region for thin client market share[47] - The company expanded its market presence in smart home solutions, achieving an 11% market share in the smart community category, ranking among the top three in the industry[60] Research and Development - The R&D expenditure increased by 30% to 150 million RMB, emphasizing innovation in 5G and edge computing technologies[24] - The company's R&D investment amounted to RMB 1,794,195,937.85, accounting for 13.24% of its annual revenue[52] - The company filed a total of 321 patents in 2021, including 273 invention patents, bringing the cumulative total to 2,311 patents (1,931 valid)[52] - The company reported a 31.18% increase in R&D investment, totaling approximately ¥1.79 billion in 2021 compared to ¥1.37 billion in 2020[92] - R&D investment accounted for 13.24% of the company's operating revenue in 2021, slightly down from 13.27% in 2020[92] - The number of R&D personnel increased by 10.82% to 4,886 in 2021, with a notable rise in the number of bachelor's degree holders by 13.73%[92] Strategic Initiatives - The company has initiated a strategic partnership with a leading telecommunications provider to enhance service offerings[24] - The company is currently developing a 5G (SA) base station product aimed at supporting wireless virtualization technology and low-power applications[82] - The company has completed the project for an IPv6 industrial internet high-reliability gateway, which is expected to enhance its core competitiveness in the market[82] - The company is focusing on developing high-performance gigabit gateways to meet the needs of small and medium-sized enterprises[85] - The company is developing alternative chip solutions to address potential supply chain disruptions in the future[160] Operational Efficiency and Cost Management - The total operating cost for 2021 was CNY 8,927,895,944.95, representing a year-on-year increase of 33.18% from CNY 6,703,799,217.14 in 2020[72] - The cost of raw materials accounted for 94.81% of the total operating cost in 2021, amounting to CNY 8,465,315,576.94, up from 94.21% in 2020[72] - Sales expenses increased by 30.89% to CNY 1,875,062,479.07 in 2021, compared to CNY 1,432,592,289.63 in 2020[81] - Management expenses and sales expenses grew at a rate lower than revenue growth, indicating improved operational efficiency[154] Governance and Compliance - The company emphasizes strict information disclosure, ensuring that all information is true, accurate, complete, and timely, with a designated board secretary overseeing this process[177] - The company maintains independence from its controlling shareholders in terms of business operations, personnel, assets, institutions, and financial management[182] - The company has established a sound organizational structure and operates independently without subordination to its controlling shareholders[182] - The company actively respects and protects the rights of stakeholders, balancing the interests of shareholders, employees, and society[181] Future Outlook - The company aims for a revenue growth target of 20% for the upcoming fiscal year[24] - The company plans to increase investment in new technology applications such as artificial intelligence, big data, and cloud computing in 2022[115] - The company will focus on maintaining its market position in the desktop cloud sector while exploring new markets, including overseas[119] - The company intends to expand its smart community solutions into smart park solutions, emphasizing energy efficiency and integrated communication[122] - The company acknowledges risks from macroeconomic fluctuations and plans to adjust its operational strategies accordingly[124]