启明星辰(002439) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥4,386,030,827.05, representing a 20.27% increase compared to ¥3,646,745,336.77 in 2020[11] - The net profit attributable to shareholders for 2021 was ¥861,531,082.00, which is a 7.15% increase from ¥804,062,584.80 in 2020[11] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥764,220,594.96, an increase of 8.74% from ¥702,787,003.73 in 2020[11] - The basic earnings per share for 2021 was ¥0.93, up 6.90% from ¥0.87 in 2020[11] - The diluted earnings per share for 2021 was ¥0.92, an increase of 5.75% compared to ¥0.87 in 2020[11] - The total assets at the end of 2021 were ¥8,936,371,868.56, a 6.81% increase from ¥8,366,558,435.55 at the end of 2020[11] - The net assets attributable to shareholders at the end of 2021 were ¥6,721,577,280.75, reflecting a 12.32% increase from ¥5,984,370,978.38 at the end of 2020[11] - The weighted average return on net assets for 2021 was 13.51%, down from 14.91% in 2020, a decrease of 1.40%[11] - The company achieved a total revenue of CNY 4.386 billion in 2021, representing a year-on-year growth of 20.27%[62] - The data security business generated revenue of CNY 0.912 billion, a significant increase of 52% compared to the previous year[62] - The company reported a net profit attributable to shareholders of CNY 0.862 billion, reflecting a growth of 7.15% year-on-year[63] - The company’s sales collection reached CNY 4.469 billion, marking a 33.09% increase from the previous year[63] Cash Flow and Investments - The net cash flow from operating activities decreased by 51.70% to ¥317,842,332.21 from ¥658,070,438.42 in 2020[11] - The total cash inflow from operating activities reached ¥4,828,678,577.65 in 2021, marking a 30.04% increase from ¥3,713,368,029.24 in 2020[85] - The net cash flow from investment activities improved by 87.23%, reaching -¥109,523,437.82 in 2021, compared to -¥857,416,233.33 in 2020[85] - The company’s cash and cash equivalents decreased by 90.41% to -¥21,170,327.64 in 2021, compared to -¥220,667,157.48 in 2020[85] - The company’s total investment for the reporting period was CNY 3,866,641.00, a significant decrease of 93.58% compared to the previous year[91] Market and Industry Outlook - The network security market in China is projected to reach $10.26 billion in 2021, with a compound annual growth rate of 20.5% from 2021 to 2025, the highest globally[19] - The company anticipates that the network security industry will exceed ¥250 billion by 2023, with a compound annual growth rate of over 15%[20] - The company has identified a growing demand for data security and personal information protection, which are expected to drive market expansion[18] - The company is focusing on innovation and application development to address unique security challenges in the Chinese market[19] Product Development and Innovation - The company launched the "Data Oasis" framework in 2021, covering three dimensions of data security: data object security, data aggregation security, and data circulation security[24] - The company has developed 18 types of cloud security products, fully adapting to cloud network environments, and is advancing its cloud SASE (Secure Access Service Edge) strategy[27][28] - The company is focusing on eight key areas for innovation, including data security, AI security analysis, cloud security management, and zero-trust security[24] - The company launched a new version of its EDR product, enhancing its capabilities with multi-engine detection and advanced threat tracing technologies[77] - The company introduced a new generation cloud security management platform, integrating security management with cloud resources[78] Employee and Organizational Development - By the end of 2021, the company had 6,587 employees, an increase of over 1,200 from the previous year, and established nearly 70 business branches nationwide[35] - The company’s employee base included 60% technical personnel and 71.4% with a bachelor's degree or higher as of the end of 2021[60] - The number of R&D personnel increased to 2,464 in 2021, representing an 18.92% growth compared to 2,072 in 2020[80] - The company has trained over 50,000 security professionals through its training institute, which has established partnerships with nearly 180 universities[58] Corporate Governance and Compliance - The company maintains a complete and independent operational structure, with no reliance on controlling shareholders for production, supply, sales, or research and development[115] - The company has established a comprehensive marketing service network across major regions and industries, ensuring independent business operations[115] - The company’s governance structure complies with legal requirements, ensuring equal treatment of all shareholders, particularly minority shareholders[114] - The company has implemented a transparent performance evaluation and incentive mechanism for its directors and senior management[114] Social Responsibility and Community Engagement - The company donated a total of 6.55 million RMB (approximately 655,170 USD) for various public welfare activities in 2021, focusing on rural revitalization, disaster relief, education support, and environmental protection[162] - The company plans to continue its public welfare initiatives, focusing on education, healthcare, and ecological protection in 2022[164] - The company has received multiple awards for its public welfare projects, including scholarships and disaster relief initiatives[164] Future Plans and Projections - The company expects a 25% revenue growth for the year 2022, continuing its steady and healthy development[106] - The company plans to invest 100 million RMB in research and development over the next year to foster innovation and improve product offerings[169] - The company plans to establish a nationwide SecaaS/SocaaS platform to provide continuous security operation services to government and enterprise clients[107]