GQY(SZ:300076)2022-04-24 16:00Financial Performance - The company reported a significant loss for the year 2021, with specific reasons and measures for improving profitability detailed in the management discussion section [6]. - The company's operating revenue for 2021 was ¥132,452,140.20, a decrease of 26.26% compared to ¥179,632,394.34 in 2020 [22]. - The net profit attributable to shareholders was -¥7,923,717.07 in 2021, representing a decline of 149.90% from ¥15,879,537.69 in 2020 [22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥19,638,616.86 in 2021 compared to ¥3,576,886.48 in 2020, a drop of 649.04% [22]. - The company reported a basic earnings per share of -¥0.02 for 2021, down 150.00% from ¥0.04 in 2020 [22]. - The weighted average return on equity was -0.77% in 2021, a decrease of 2.32% from 1.55% in 2020 [22]. - The company achieved operating revenue of 132.45 million yuan, a decrease of 26.26% compared to the same period last year [45]. - The decline in operating revenue was primarily due to a decrease in the company's system integration business revenue [45]. - The company reported a significant increase in inventory for large screen splicing display systems, with stock rising by 95.81% to 607 units [52]. - The company reported a total revenue of 15.1 billion in 2021, reflecting a growth rate of 29% compared to the previous year [188]. Strategic Focus and Business Development - The company is a leading provider of intelligent display solutions in China, focusing on large-screen video systems, including Mini LED/Micro LED, DLP, and LCD splicing products [33]. - The digital economy and new infrastructure sectors are expected to see significant growth opportunities, enhancing the market prospects for splicing display applications [33]. - The company aims to leverage its extensive product line and professional solutions to meet diverse customer needs and capitalize on market opportunities through differentiated product strategies [34]. - The company has developed a DMS display operation system that optimizes user management and device management, significantly improving operational efficiency [37]. - The system integration business is expanding into smart city applications, including smart campuses and smart transportation, representing a new growth point for the company [38]. - The company is actively pursuing new strategies for market expansion and potential mergers and acquisitions to drive future growth [80]. - The company plans to enhance its market share by expanding its sales team and focusing on key regions and industries [89]. - The company is planning to expand its market presence in new regions, targeting a 20% increase in customer base by the end of the next fiscal year [191]. Risk Management and Governance - The company emphasizes the importance of risk management and has outlined potential risks and countermeasures in its report [6]. - The company is facing uncertainty regarding its ability to continue as a going concern, as indicated by the audit report [22]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective internal management and risk control [96]. - The company has a performance evaluation and incentive mechanism linking executive compensation to business performance, aligning management interests with company growth [98]. - The company has established a complete governance structure, including a shareholders' meeting, board of directors, and supervisory board, ensuring independent and complete operational management [102]. - The company has committed to reducing and regulating related party transactions post-acquisition, ensuring fair pricing and compliance with legal requirements [155]. Human Resources and Employee Management - The company emphasizes talent development and aims to optimize its human resource management system [91]. - The company has established a comprehensive human resources management system to protect employee rights and ensure a harmonious labor relationship [146]. - The total number of employees at the end of the reporting period was 230, with 93 in sales, 42 in technology, and 28 in production [132]. - The company maintained a stable employee compensation policy, combining position-based salaries with performance evaluations [134]. - The company emphasizes the importance of employee training, establishing a comprehensive training system to enhance professional skills [135]. Research and Development - Research and development expenses for 2021 amounted to ¥7,311,370.18, which is 5.52% of the operating revenue [63]. - The company plans to continue investing in R&D to improve core technologies and product competitiveness [91]. - Investment in R&D increased by 30% in 2021, focusing on new technologies in video conferencing and digital communication [117]. Financial Management and Investments - The company has engaged Da Hua Accounting Firm for auditing services during the reporting period [21]. - The company has not utilized any of the raised funds, which are currently held in a dedicated account [83]. - The company has established a new digital teaching equipment company with an investment of CNY 260.1 million, fully utilizing the raised funds [80]. - The company has committed to using CNY 21,000 million for working capital, representing 100% of the raised funds allocated for this purpose [80]. - The company has a structured wealth management product with a return rate of 3.20% for the month of April 2022 [186]. Market Position and Competitive Edge - The company holds various important qualifications in the intelligent display industry, enhancing its competitive edge in the market [48]. - The company has successfully completed several strategic acquisitions, enhancing its competitive position in the industry [191]. - The company achieved a customer satisfaction rate of 95%, indicating strong brand loyalty and market position [188]. Legal and Compliance Issues - The company is involved in several lawsuits, with a total amount in dispute of 2,512.2 million RMB, including a claim against China Mobile Communications Group Henan Co., Ltd. for 706.5 million RMB [169]. - The company has not faced any bankruptcy reorganization issues during the reporting period [168]. - There were no significant penalties or rectifications during the reporting period [171].