JIT(SZ:003029)2023-04-03 16:00Financial Performance - The company reported a profit distribution plan of no cash dividends, no bonus shares, and no capital reserve conversion into shares[4]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2022, representing a year-on-year growth of 15%[15]. - The company's operating revenue for 2022 was ¥491,181,986.80, a decrease of 39.82% compared to ¥816,175,824.08 in 2021[22]. - The net profit attributable to shareholders for 2022 was -¥33,648,478.53, representing a decline of 123.03% from ¥146,077,934.95 in 2021[22]. - The cash flow from operating activities for 2022 was ¥3,225,407.88, down 97.44% from ¥126,031,697.27 in 2021[22]. - The basic earnings per share for 2022 was -¥0.19, a decrease of 123.46% compared to ¥0.81 in 2021[22]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a figure of -¥36,369,358.66 for 2022[22]. - The weighted average return on equity for 2022 was -2.46%, down from 11.09% in 2021[22]. - The company reported a net profit margin of 25% for 2022, indicating strong operational efficiency[162]. Revenue Guidance and Projections - The company has set a revenue guidance of 1.5 billion RMB for the upcoming fiscal year, projecting a growth rate of 25%[15]. - The company has set a revenue guidance of 1.8 billion RMB for the next fiscal year, projecting a growth rate of 20%[159]. - The company provided a positive outlook for 2023, projecting a revenue growth of 12% to 15% based on current market trends and user acquisition strategies[164]. User Growth and Market Expansion - User data indicates an increase in active users by 20% compared to the previous year, reaching 500,000 users[15]. - User data showed an increase in active users, reaching 1.5 million, which is a 20% increase year-over-year[163]. - The company is expanding its market presence by entering three new provinces in China, aiming to increase market share by 10%[15]. - Market expansion plans include entering two new provinces, which are projected to increase market share by 10%[159]. Product Development and Innovation - New product development includes the launch of an advanced digital certificate management system, expected to enhance security services significantly[15]. - The company is investing 100 million RMB in research and development for AI and big data technologies over the next two years[15]. - The company is focusing on new product development in areas such as password, data security, and blockchain[180]. - The company is developing a new SDP security gateway product based on zero trust standards, which is currently in progress[89]. - The company is developing a next-generation digital signature system to meet compliance demands, aiming to enhance product application solutions and create competitive advantages[91]. Strategic Initiatives and Partnerships - A strategic acquisition of a local cybersecurity firm was completed, which is anticipated to boost the company's technological capabilities and service offerings[15]. - The company has established partnerships with five major universities to enhance its research initiatives and talent acquisition[15]. - The company has signed contracts with 2 first-level agents and over 350 second-level agents, expanding its channel system significantly[47]. - The company has established a strategic partnership with a leading tech firm to co-develop innovative solutions, expected to launch by Q3 2023[159]. Risks and Challenges - The company highlighted potential risks including industry policy risks, market competition risks, and technology development risks[4]. - The company emphasized the importance of understanding the differences between plans, forecasts, and commitments, urging investors to recognize investment risks[4]. - The company faces risks related to industry policy changes, which could impact tax benefits and product management policies[130]. - The company acknowledges the uncertainty in achieving its 2023 profit targets due to external and industry factors[129]. Governance and Compliance - The board of directors confirmed the accuracy and completeness of the financial report, ensuring no false records or misleading statements[4]. - The company emphasizes information disclosure, ensuring the authenticity, accuracy, timeliness, completeness, and fairness of information shared with investors[140]. - The company maintains independence in assets, personnel, finance, organization, and business from its actual controller and related parties[141]. - The company has implemented measures to strengthen internal control and ensure compliance with relevant laws and regulations, resulting in a well-structured governance framework[200]. Research and Development - The company has established two R&D centers and a provincial-level enterprise technology center, focusing on cloud security, data security, and blockchain technology[60]. - The company increased its R&D investment to approximately ¥115.5 million in 2022, a 14.82% increase from ¥100.6 million in 2021, representing 23.51% of its operating revenue[97]. - The number of R&D personnel rose to 375 in 2022, a 2.18% increase from 367 in 2021, with a notable increase in the number of PhD holders from 3 to 5[97]. Employee and Management - The total number of employees at the end of the reporting period is 962, with 580 in the parent company and 382 in major subsidiaries[179]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 16.17 million[167]. - The company has implemented a structured approach to employee incentives, ensuring that small shareholders have opportunities to express their opinions[186]. - The company has established a competitive salary system to attract and retain talent, linking individual and team performance[181].