真视通(002771) - 2021 Q4 - 年度财报

Financial Performance - The company achieved a total revenue of 500 million RMB in 2021, representing a 10% increase compared to the previous year[14]. - The company's operating revenue for 2021 was ¥641,012,098.72, a decrease of 3.16% compared to 2020[20]. - The net profit attributable to shareholders for 2021 was ¥13,317,771.54, representing a decline of 34.83% from the previous year[20]. - The company reported a net profit of ¥17,305,309.83 in Q4 2021, recovering from losses in the first three quarters[24]. - Total revenue for 2021 was ¥641,012,098.72, a decrease of 3.16% compared to ¥661,899,573.99 in 2020[51]. - The company reported a net profit of CNY 15,815,483.67 for the year 2021, with a distributable profit of CNY 14,233,935.30 after statutory surplus reserve allocation[141]. - The total cash dividend distributed was CNY 2,726,933.30, representing 100% of the profit distribution amount[138]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year growth of 20%[162]. Research and Development - The company is investing in R&D for new technologies, with a budget allocation of 10 million RMB for the development of cloud computing solutions[14]. - Investment in R&D increased by 30% in 2021, focusing on developing new technologies and enhancing existing product lines[163]. - Research and development expenses amounted to 38,767,444.27 CNY, representing 6.05% of operating revenue, down from 6.84% in 2020[67]. - The company continues to invest in R&D for cloud video services, fully supporting 4K and H.265 technologies, and has seen steady growth in customer numbers and concurrent usage[47]. - The company is developing intelligent video and image processing software to manage large data volumes, enhancing its core competitiveness[65]. Market Expansion and Strategy - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[14]. - Market expansion efforts include entering three new provinces, aiming for a 20% increase in market share within the next two years[14]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[162]. - A strategic acquisition was completed in Q4 2021, which is expected to contribute an additional 200 million RMB in annual revenue starting in 2022[162]. - The company aims to launch three new products in 2022, which are anticipated to generate approximately 500 million RMB in sales[162]. Corporate Governance - The company is committed to enhancing its corporate governance practices to ensure transparency and accountability in its operations[14]. - The company has established a governance structure based on the Articles of Association, ensuring clear responsibilities and effective checks and balances among the shareholders' meeting, board of directors, and supervisory board[98]. - The company operates independently from its controlling shareholders in terms of business, personnel, assets, institutions, and finance, with a complete and independent business system[99]. - The company has a fully independent financial accounting system and management structure, with a dedicated finance department and internal audit team, ensuring strict financial supervision[101]. - The company has established a comprehensive governance structure to protect shareholder and creditor rights, ensuring fair treatment of all shareholders[151]. Risks and Challenges - The company has identified potential risks in the market, including regulatory changes and increased competition, which may impact future performance[5]. - The company faces risks related to policy changes, technological advancements, talent acquisition, and intensified industry competition[93]. - The company reported that its performance declined due to project delays and a significant reduction in government subsidy income, leading to a year-on-year revenue decrease[123]. Shareholder Returns - The company plans to distribute a cash dividend of 0.13 RMB per 10 shares to all shareholders, based on the total share capital on the dividend announcement date[5]. - The company maintains a cash dividend policy ensuring that cash dividends account for at least 20% of the profit distribution in the case of continuous profitability[140]. - The company has committed to reviewing its shareholder return plan at least every five years, ensuring compliance with shareholder interests[135]. Employee and Social Responsibility - The company emphasizes employee welfare through a competitive compensation system and various recognition awards, fostering a positive work environment[153]. - The company conducts annual free health check-ups for employees, ensuring their physical well-being and timely medical attention[153]. - The company is committed to social responsibility, actively participating in public welfare initiatives[157]. - The company has maintained compliance with labor laws, providing necessary protections for female employees during pregnancy and maternity[153]. Legal and Compliance - The company faced a lawsuit involving a rental dispute with Beijing Beichen Innovation High-Tech Development Co., with a claim amount of approximately 3.85 million yuan[176]. - The company has ongoing litigation with Guizhou Lingyun Haitong Information Technology Co., Ltd. for unpaid receivables amounting to RMB 1,140,652.00[177]. - The company has reported a total of RMB 521.5 million in other ongoing litigation matters[178]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[150]. Management and Personnel Changes - The company experienced changes in its board, with independent directors Yao Jianlin and Lü Tianwen resigning due to personal reasons, pending the election of new directors[105]. - The financial director, Shi Yajun, resigned on June 25, 2021, due to personal reasons, indicating potential shifts in financial management[105]. - The company is actively seeking to fill the vacancies left by resigning board members to ensure compliance with governance standards[105]. - The total number of employees at the end of the reporting period was 386, with 156 in the parent company and 230 in major subsidiaries[129].