NXGF(SZ:002757)2022-04-22 16:00Financial Performance - The company's operating revenue for 2021 was ¥2,776,783,416.02, representing a 30.19% increase compared to ¥2,132,920,290.43 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥291,366,373.06, an increase of 11.95% from ¥260,262,373.67 in 2020[21]. - The net cash flow from operating activities decreased by 40.85% to ¥280,155,051.71 in 2021 from ¥473,656,695.89 in 2020[21]. - The basic earnings per share for 2021 was ¥0.9860, up 11.97% from ¥0.8806 in 2020[21]. - Total assets at the end of 2021 reached ¥3,459,138,107.83, a 22.15% increase from ¥2,831,770,858.44 at the end of 2020[21]. - The company reported a weighted average return on equity of 13.61% for 2021, slightly down from 14.14% in 2020[21]. - The company achieved a revenue of 2.777 billion CNY, an increase of 644 million CNY, representing a year-on-year growth of 30.19%[92]. - The net profit attributable to shareholders, after deducting non-recurring gains and losses, was 269 million CNY, an increase of 34.85 million CNY, reflecting a year-on-year growth of 14.86%[92]. - The revenue from specialized equipment reached 1.579 billion CNY, a year-on-year increase of 26.28%[93]. - The IDC comprehensive service revenue was 1.198 billion CNY, marking a year-on-year growth of 35.72%[93]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of 4.00 RMB per 10 shares to all shareholders, based on a total of 295,455,913 shares[6]. - The company has not experienced any changes in its controlling shareholder since its establishment[20]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[5]. - The company’s annual report is available on the Shenzhen Stock Exchange website and various financial news platforms[19]. Subsidiaries and Acquisitions - The company successfully acquired a subsidiary, Only Network, in April 2018, which focuses on IDC and cloud computing services[20]. - The company has a total of 100% ownership in several subsidiaries, including Wuxi Nanxing and Guangdong Only Network Technology[13]. - The company added several subsidiaries to its consolidated financial statements, including Shaoguan Nanxing and Qiaolian Network, due to increased investments[107]. - The company acquired a data center and cloud service provider, expanding its offerings in IDC, cloud computing, and digital solutions, targeting multiple industries including AI, finance, and healthcare[66]. Market Position and Industry Trends - The company is positioned in a favorable policy environment for the 板式家具机械 industry, supported by national policies[31]. - The urbanization rate in China is expected to reach 71% by 2030, which will drive growth in the real estate and related furniture industries[32]. - The real estate industry contributes over 30% to China's GDP, indicating its crucial role in the economy[33]. - The domestic panel furniture machinery industry is characterized by low concentration, with many small-scale enterprises producing mainly mid-to-low-end products[34]. - The domestic market for panel furniture machinery is expected to grow rapidly due to advancements in automation and an expanding downstream furniture market[34]. Research and Development - The company has established a research and development center recognized as a provincial-level technology center, focusing on technological innovation and offering various awards for new product development and patents[65]. - The company increased its R&D expenses by 33.25% to enhance product development capabilities[93]. - The company completed and delivered several major R&D projects, including a heavy-duty high-speed double-end edge banding machine, which doubled production capacity[111]. - The company holds 134 software copyrights and 15 utility model patents, indicating a strong commitment to R&D and technological advancement[84]. Cloud Computing and IDC Services - The IDC industry market size in China reached approximately ¥195.8 billion in 2020, with a year-on-year growth of 25.3%[41]. - The cloud computing market in China reached ¥209.1 billion in 2020, with a growth rate of 56.6%, significantly accelerated by the pandemic[42]. - The company focuses on "data center, cloud network services, and digital solutions" to align with industry development and market demand[43]. - The company provides a full-stack cloud integration service, including public, private, and hybrid cloud solutions, with a self-developed cloud platform called "WeiCloud" based on OpenStack[68]. - The company offers IDC basic services, including cabinet rental, server hosting, bandwidth rental, and cloud hosting, targeting internet enterprises and various industries[74]. Governance and Management - The company has established a comprehensive governance structure, including a board of directors and various committees, to ensure effective decision-making and compliance[163]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with relevant laws and regulations[164]. - The company maintains independence from major shareholders in terms of assets, business, personnel, and finance, with a complete business system[166]. - The management team has established a reasonable selection mechanism for senior management personnel[165]. Future Outlook and Strategic Initiatives - The company aims to leverage its technological expertise to improve service offerings and customer engagement in the coming years[141]. - The company is focusing on expanding its market presence through new product development and technological advancements in the industrial internet and automation sectors[140]. - The company plans to enhance its multi-cloud management capabilities to optimize IT resource integration and improve management efficiency for clients[151]. - The company will explore edge computing applications in conjunction with 5G and IoT, leveraging existing data center and network resources[152]. - The company is considering potential acquisitions to strengthen its position in the market, with a budget of 500 million yuan allocated for this purpose[188].