*ST豆神(300010) - 2022 Q4 - 年度财报

Financial Performance - In 2022, the company reported an asset impairment provision of CNY 233.93 million due to indications of impairment in intangible assets and goodwill [5]. - The company recognized an impairment loss of CNY 97.22 million for certain investments that are no longer expected to generate economic benefits [5]. - Non-operating losses for the year amounted to CNY -36.85 million, primarily due to performance compensation and overdue interest [7]. - The company accrued overdue interest of approximately CNY 77.75 million during the reporting period [7]. - The overall performance for 2022 resulted in significant losses, influenced by economic downturns and policy impacts on the TOC segment [8]. - The company's operating revenue for 2022 was ¥1,013,371,131.34, a decrease of 9.69% compared to ¥1,122,117,270.84 in 2021 [28]. - The net profit attributable to shareholders was -¥686,932,644.25, representing a decline of 15.97% from -¥592,324,922.34 in the previous year [28]. - The total assets at the end of 2022 were ¥2,382,657,799.71, down 32.86% from ¥3,548,889,941.20 at the end of 2021 [28]. - The basic earnings per share for 2022 was -¥0.7911, a decrease of 15.98% from -¥0.6821 in 2021 [28]. - The company experienced a net loss of -¥497,790,850.66 in the fourth quarter of 2022, which was the largest quarterly loss for the year [31]. Business Operations - The company’s TOB business faced challenges, while its live sales business showed good growth during the reporting period [5]. - The implementation of the "double reduction" policy has led to the closure of offline TOC operations in most regions, except for a few areas in Beijing [5]. - The company is focusing on integrating and expanding its education business while also developing interactive new retail operations on platforms like Douyin [40]. - The company has established successful cases of its self-developed software in over a thousand schools and various government and research institutions nationwide [45]. - The company is committed to complying with the newly issued regulations for online broadcasters to ensure healthy and compliant development of its live sales business [43]. - The company has established a strong live-streaming sales model, creating a matrix of nearly 100 hosts to promote brand and product sales, achieving 20 hours of coverage on live platforms [53]. Revenue and Cost Structure - The total revenue for 2022 was ¥1,013,371,131.3, representing a decrease of 9.69% compared to ¥1,122,117,270.8 in 2021 [74]. - Revenue from the information technology services sector was ¥998,010,201.28, accounting for 98.48% of total revenue, down 9.46% from the previous year [74]. - The revenue from educational products and management solutions increased by 9.73% to ¥900,241,914.80, which constituted 88.84% of total revenue [74]. - The gross profit margin for the information technology services sector was 29.82%, reflecting a 2.02% increase year-on-year [78]. - The company reported a significant decline in revenue from content management solutions, which fell by 65.31% to ¥97,768,286.48 [74]. - The company’s operating costs were primarily composed of software and hardware costs, which accounted for approximately 94.79% of total operating costs [81]. Research and Development - R&D investment for 2022 was ¥73,993,885.38, which is 7.30% of operating revenue, down from 14.09% in 2021 [86]. - Research and development expenses decreased by 25.37% to ¥67,095,825.11, reflecting a reduction in R&D personnel from 328 to 137, a decline of 58.23% [85]. - The company has established a comprehensive training system for live streaming, leveraging its extensive experience in education [69]. - The company aims to integrate information technology deeply with educational practices, providing comprehensive solutions for smart campuses [71]. Governance and Compliance - The company has a structured governance system in place, ensuring compliance with relevant laws and regulations, and protecting shareholder rights [114]. - The company’s board of directors consists of 9 members, including 3 independent directors, ensuring a balanced governance structure [116]. - The company maintains a strict internal control system to ensure the normal operation of business activities and compliance with relevant laws and regulations [124]. - The company has implemented a transparent information disclosure system, ensuring timely and accurate communication with investors [120]. - The company has established a strategic committee, nomination committee, compensation and assessment committee, and audit committee to enhance governance [118]. Employee and Compensation - The total number of employees at the end of the reporting period was 696, with 386 being technical staff and 151 in sales [154]. - The total employee compensation accounted for 37.21 million yuan, representing 5.23% of the total company costs, indicating a relatively small impact on profits [157]. - The company has a well-defined compensation policy that includes basic salary, performance salary, and annual bonuses based on individual and company performance [156]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 636.66 thousand yuan [140]. Legal Matters - The company is involved in a lawsuit with Shanghai Huari Bank, with a disputed amount of ¥140.32 million, and the case is still pending in the first instance [191]. - The company has also been involved in a lawsuit against Jining Renxing Education Development Co., with a disputed amount of ¥103.09 million, and the company has won the case in the second instance [191]. - The company received a notice from Beijing Financial Court regarding a lawsuit involving China Bank with a disputed amount of ¥768.26 million, and the first hearing has not yet taken place [192]. - As of August 30, 2022, the company had part of its bank accounts frozen, amounting to ¥1.34 million, due to ongoing legal proceedings [192]. Social Responsibility - The company has actively engaged in social responsibility initiatives, including donations of educational resources valued at 500,000 yuan to support local education [176]. - In 2022, the company launched a series of humanistic quality courses in collaboration with schools in Lianyungang, aiming to enhance students' cultural understanding [177]. - The company organized a live-streaming event to sell local agricultural products, successfully selling approximately 3,000 jin of cherries, contributing to rural revitalization efforts [178].