Leascend(SZ:300051)2023-04-20 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[5]. - The company's operating revenue for 2022 was ¥177,465,872.74, a decrease of 3.70% compared to ¥184,290,861.00 in 2021[22]. - The net profit attributable to shareholders was -¥32,213,291.98 in 2022, representing a decline of 30.74% from -¥24,638,916.81 in 2021[22]. - The basic earnings per share for 2022 was -¥0.09, a decrease of 28.57% from -¥0.07 in 2021[22]. - The total profit for the year was -30.74%, with a net profit attributable to the parent company of -32.21 million yuan, a decline of 30.74% year-on-year[47]. - The company's consolidated net profit attributable to shareholders for 2022 was -32,213,291.98 CNY, with a cumulative undistributed profit of -661,350,857.44 CNY by the end of 2022[193]. - The parent company's net profit for 2022 was -12,472,054.18 CNY, and the cumulative undistributed profit was -520,647,341.92 CNY by the end of 2022[194]. Cash Flow and Assets - The net cash flow from operating activities increased significantly by 170.17% to ¥37,404,501.25 in 2022, compared to ¥13,844,902.14 in 2021[22]. - The total assets at the end of 2022 were ¥584,796,849.14, down 9.90% from ¥649,083,117.39 at the end of 2021[22]. - Cash and cash equivalents decreased by 43.11%, from CNY 70.07 million at the beginning of the year to CNY 39.87 million, primarily due to reduced net cash flow from financing activities[80]. - Accounts receivable decreased by 64.11%, from CNY 6.99 million to CNY 2.51 million, mainly due to a reduction in receivables from a subsidiary[80]. - Inventory increased significantly by 277.02%, from CNY 466,861.27 to CNY 1.76 million, attributed to increased stock at a subsidiary[80]. - The total liabilities decreased to CNY 404.64 million, down from CNY 432.53 million, a reduction of approximately 6.44%[82]. Revenue Breakdown - Revenue from enterprise email services was 22.97 million yuan, representing an increase of 8.57% year-on-year[52]. - Revenue from network domain services was 23.98 million yuan, up 9.66% from the previous year[52]. - Revenue from website construction services decreased by 15.04% to 18.70 million yuan[53]. - Revenue from game products fell by 29.83% to 31.15 million yuan[53]. - Revenue from mobile communication resale products increased by 6.98% to 48.97 million yuan[53]. - The company reported a significant increase in revenue from the East China region, which rose by 21.82% to 81.04 million yuan[53]. Strategic Plans and Developments - The company plans to enter the photovoltaic sector to achieve strategic transformation[5]. - The company aims to enhance resource utilization efficiency and improve its core enterprise service products[5]. - The company is currently developing new products and technologies, including a no-code platform for website creation and a one-stop promotion platform to enhance brand influence and business development[72]. - The company plans to expand its market presence through strategic acquisitions, including a 70% stake in Beijing Yizhong Postal Technology Co., Ltd. for 2,590 million[97]. - The company plans to invest approximately 2.5 billion RMB in a 5GW high-efficiency heterojunction (HJT) solar cell project in collaboration with the local government[114]. Risk Management and Compliance - The company emphasizes the importance of risk awareness for investors regarding future strategic plans and forecasts[5]. - The company has indicated uncertainty regarding its ability to continue as a going concern, as both net profits before and after deducting non-recurring items have been negative for the last three years[23]. - The company is facing regulatory risks related to online game publishing, requiring compliance with various national regulations and potential delays in obtaining publishing licenses[135]. - The company has established a robust data security system to mitigate risks related to system stability and data security[131]. Governance and Shareholder Engagement - The company held three shareholder meetings during the reporting period, ensuring compliance with legal requirements and facilitating shareholder participation[143]. - The board of directors consists of seven members, including three independent directors, and has held nine meetings to ensure effective governance[144]. - The company maintains a clear separation between its operations and those of its controlling shareholder, ensuring independence in its business activities[146]. - The company strictly adheres to the information disclosure regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange, ensuring transparency and fairness for all investors[148]. Research and Development - The company’s R&D expenses for 2022 were CNY 19,841,726.49, down 8.89% from CNY 21,777,448.58 in 2021[70]. - The number of R&D personnel decreased by 26.90% from 171 in 2021 to 125 in 2022, while the proportion of R&D personnel increased from 27.90% to 29.90%[73]. - The company is focusing on developing differentiated star products based on single-point demands to enhance product performance and achieve standardization[117]. Market Trends and Industry Insights - The software and information technology service industry is expected to continue steady growth, driven by policies promoting digital transformation and high-quality development in the sector[33]. - The Chinese gaming market's actual sales revenue in 2022 was 265.88 billion yuan, showing a decline of 10.33% year-on-year, with the user base decreasing by 0.33% to 664 million[36]. - The company is actively responding to national policies aimed at promoting renewable energy and carbon neutrality[113].