超图软件(300036) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥1,875,094,134.37, representing a 16.46% increase compared to ¥1,610,047,437.17 in 2020[32]. - The net profit attributable to shareholders for 2021 was ¥287,594,461.71, which is a 22.55% increase from ¥234,671,059.96 in 2020[32]. - The net profit after deducting non-recurring gains and losses was ¥269,145,606.26, up 21.66% from ¥221,229,715.88 in 2020[32]. - The total assets at the end of 2021 reached ¥4,822,932,163.28, a 34.53% increase from ¥3,584,908,028.11 at the end of 2020[32]. - The net assets attributable to shareholders increased by 47.79% to ¥3,176,467,613.77 at the end of 2021 from ¥2,149,331,044.49 at the end of 2020[32]. - The basic earnings per share for 2021 was ¥0.62, a 19.23% increase from ¥0.52 in 2020[32]. - The company reported a net cash flow from operating activities of ¥180,484,231.18, which is a decrease of 21.39% compared to ¥229,598,212.18 in 2020[32]. - The company experienced a significant cash flow fluctuation, with a net cash flow of -¥392,109,063.43 in Q1 2021, followed by positive cash flows in subsequent quarters[35]. - The company received government subsidies amounting to ¥9,974,200.57 in 2021, compared to ¥8,501,026.22 in 2020[38]. Revenue Sources and Market Position - The company's revenue from geographic information system (GIS) projects accounts for over 50% of total revenue, highlighting its reliance on this segment[9]. - The software segment accounted for 98.77% of total revenue, generating ¥1,852,077,659.24, with a year-on-year growth of 16.40%[120]. - The company has established a strong competitive advantage in smart city solutions, having developed numerous application cases in urban governance and digital infrastructure over the past two decades[191]. - The company has a strong brand advantage, ranking third in the global GIS market share and first in the Asian GIS market share according to ARC Advisory Group[79]. - The company aims to expand its market presence beyond government sectors and into overseas markets to enhance its core competitiveness and profitability[8]. Research and Development - Research and development expenses for 2021 amounted to ¥267,703,119.75, which is 14.28% of the operating revenue[140]. - The company has ongoing R&D projects aimed at expanding market share in both domestic and international markets, including SuperMap iObjects 11i(2022) and SuperMap iServer 11i(2022)[136]. - The company aims to enhance its product competitiveness through various ongoing R&D projects, including the Smart City Operating System[136]. - The company has engaged over 1,000 developer partners to create industry solutions, promoting the widespread application of GIS technology across various sectors[83]. - The company has implemented a "Lean Agile R&D Management System" to improve product quality and customer satisfaction through continuous integration and automated testing[74]. Technological Innovation - The company is committed to continuous technological research and business model innovation to meet customer and market demands[8]. - The company has developed a fully autonomous GIS technology system since launching its first product in 2000, with some GIS technologies being globally leading[55]. - The company has established a leading position in cross-platform GIS technology, 2D and 3D integrated GIS technology, cloud-integrated GIS technology, and big data GIS technology[70]. - The company has formed a unique competitive advantage through continuous innovation in AI GIS technology, spatial blockchain technology, and AR mapping technology[70]. - The company aims to leverage spatial big data applications and the growth of the geographic information industry to achieve rapid development[61]. Customer and Market Engagement - The company emphasizes the importance of maintaining and expanding customer resources to ensure contract signing and implementation progress, which directly impacts revenue and profit growth[7]. - The customer renewal rate surpassed the previous year, with small and micro customers achieving a renewal rate of over 55% and large customers at 95%[118]. - The company has expanded its client base to include notable brands such as Boss Electric, New Oriental, and the People's Bank of China[118]. - The company has established an ecosystem with over 1,000 partners, empowering informationization for dozens of industries[62]. - The company launched the upgraded Enterprise Platform 3.0, enhancing the overall product architecture and adopting a unified management model[118]. International Expansion - The company expanded its international presence by establishing 34 agencies in 11 countries and signing 37 MOUs, with local employees exceeding domestic staff[115]. - The company participated in international exhibitions and successfully secured contracts in regions such as Botswana, Colombia, and Thailand despite ongoing pandemic challenges[116]. - The company has actively participated in international exhibitions and hosted the first SuperMap Developer Conference, enhancing its global brand influence[82]. - The company has not disposed of any major assets or equity during the reporting period, maintaining its operational integrity[177]. - The company aims to promote smart park business models to various sectors, including high-speed rail stations and highway management[112]. Industry Trends and Future Outlook - The geographic information industry in China has maintained a compound annual growth rate (CAGR) of 18.5% over the past decade, with a CAGR of 13.9% during the 13th Five-Year Plan period[57]. - The GIS industry is positioned to benefit from the acceleration of the信创 (Xinchuang) initiative, which emphasizes self-reliance in technology and supply chains, aligning with the company's strategic focus[192]. - The domestic innovation industry in China is projected to exceed 365 billion yuan by 2023, with a market capacity surpassing 1 trillion yuan[194]. - The "Real Scene 3D China" initiative is expected to create a substantial market for 3D applications, driven by national infrastructure projects[198]. - The company is committed to independent research and development, aiming to maintain a leading position in the GIS market while expanding internationally[195].