Leascend(SZ:300051)2022-04-14 16:00Financial Performance - The company reported a net profit of negative value both before and after deducting non-recurring gains and losses for the year[6]. - The company has faced negative net profits for three consecutive years from 2018 to 2020, leading to a risk warning on its stock trading[7]. - The company's operating revenue for 2021 was ¥184,290,861, a decrease of 16.87% compared to ¥221,676,657.80 in 2020[21]. - The net profit attributable to shareholders was -¥24,638,916.81, an improvement of 64.19% from -¥93,777,162.86 in 2020[21]. - The net cash flow from operating activities was ¥13,844,902.14, down 28.67% from ¥19,408,981.88 in 2020[21]. - The total assets at the end of 2021 were ¥649,083,117.39, a decrease of 7.26% from ¥699,891,894.67 at the end of 2020[21]. - The weighted average return on equity was -10.48%, improving by 14.18% from -35.18% in 2020[21]. - The total profit was -¥26,159,308.68, and the net profit attributable to the parent company was -¥24,638,916.81, representing a decrease in losses of 63.10% and 64.19% respectively[46]. - The company's gross profit margin for 2021 was 49.63%, down by 2.53% from the previous year[64]. Business Strategy and Future Plans - The company plans to take measures to improve resource utilization efficiency and consolidate its basic enterprise service products[6]. - The company intends to apply for the removal of the risk warning after the disclosure of the 2021 annual report, pending approval from the Shenzhen Stock Exchange[8]. - The company plans to focus on cloud computing and cloud storage technologies, enhancing its SAAS product offerings to support enterprise digital transformation[50]. - The company has plans for market expansion and new product development, focusing on enhancing its technology and service offerings[105]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and expand its service capabilities[105]. Operational Risks and Challenges - The company emphasizes the importance of risk awareness for investors regarding its future development strategies and forward-looking statements[6]. - The company continues to face uncertainty regarding its ability to continue as a going concern, as indicated in the recent audit report[22]. - The company is actively monitoring regulatory changes in the gaming sector due to risks associated with licensing and compliance[50]. - The gaming business is exposed to regulatory risks, including the need for approval from publishing authorities before launching new games, which can delay product releases[143]. - Intellectual property infringement risks exist in the gaming industry, prompting the company to establish a robust IP management system and actively seek copyright protections[145]. Market and Industry Insights - The global SaaS industry has reached a market size of hundreds of billions, with a compound annual growth rate (CAGR) of 25% over the past decade[32]. - The Chinese SaaS market is expected to maintain a CAGR of 34.00% over the next three years[32]. - The software and information technology service industry in China saw a 17.7% year-on-year growth in software business revenue, reaching ¥94,994 billion in 2021[31]. - The Chinese SaaS market is still in a relatively early stage, with only 1.3% of IT spending allocated to SaaS in 2020, compared to over 5% in the US[32]. - The company operates in a highly competitive environment, with significant brand and technology barriers to entry in the SaaS sector[33]. Corporate Governance and Management - The company held nine shareholder meetings during the reporting period, ensuring compliance with legal requirements and facilitating shareholder participation[150]. - The board of directors consists of 7 members, including 3 independent directors, and held 19 meetings during the reporting period[151]. - The company maintains independence from its controlling shareholder, with no interference in decision-making or operations, ensuring a complete and independent business system[156]. - The company has established a robust internal audit system, with a dedicated internal audit department reporting to the audit committee[154]. - The management compensation scheme is aligned with actual business performance, ensuring accountability and transparency[152]. Employee and Workforce Management - The total employee compensation during the reporting period amounted to 77.4654 million yuan, accounting for 36.88% of the company's total operating costs[198]. - The total number of employees at the end of the reporting period was 328, with 188 in the parent company and 140 in major subsidiaries[196]. - The training programs in 2021 included systematic professional training for new employees, grassroots staff, and management personnel, covering various topics such as company culture and sales skills[199]. - The company focuses on internal trainer development to better pass on rich experience and knowledge within the organization[199]. Financial Management and Fund Utilization - The company has completed the transfer of 1,550.00 million RMB in surplus funds back to its fundraising account following the sale of subsidiaries[109]. - The company has utilized 25.90 million RMB of surplus funds to acquire a 70.00% stake in Beijing Yizhong Postal Information Technology Co., Ltd.[110]. - The company has received 1,550 million RMB from the sale of its subsidiary, with the amount deposited into the fundraising account[118]. - The company has invested 100 million RMB in research and development to drive innovation in its product line[179]. - The total amount of raised funds was 48,296.61 million yuan, with 39.45% utilized for various purposes[102].