银之杰(300085) - 2021 Q4 - 年度财报

Financial Performance - In 2021, the company experienced a significant decline in revenue due to fluctuations in orders from large banking clients, resulting in a loss of operating profit[6]. - The company's operating revenue for 2021 was ¥1,188,137,635.05, a decrease of 14.55% compared to ¥1,390,460,207.58 in 2020[34]. - The net profit attributable to shareholders in 2021 was -¥282,973,750.96, representing a significant decline of 1,456.65% from a profit of ¥20,858,331.68 in 2020[34]. - The net cash flow from operating activities was ¥18,434,486.88 in 2021, down 87.26% from ¥144,663,486.53 in 2020[34]. - The total assets at the end of 2021 were ¥1,630,052,193.95, a decrease of 22.61% from ¥2,106,152,382.64 at the end of 2020[34]. - The net assets attributable to shareholders decreased by 30.18% to ¥953,439,463.14 in 2021 from ¥1,365,500,811.38 in 2020[34]. - The basic earnings per share for 2021 was -¥0.4004, compared to ¥0.0295 in 2020, reflecting a decline of 1,457.29%[34]. - The company reported a quarterly operating revenue of ¥308,501,427.76 in Q1 2021, with a net profit attributable to shareholders of -¥20,756,103.97[38]. - In Q4 2021, the operating revenue was ¥285,251,425.67, with a net profit attributable to shareholders of -¥233,838,664.01[38]. - The weighted average return on net assets was -23.27% in 2021, down 24.80 percentage points from 1.53% in 2020[34]. Investment and Impairment - The company's strategic investments in credit reporting and securities businesses negatively impacted investment income by CNY 15.0189 million in 2021[6]. - The company recognized an impairment loss of goodwill amounting to CNY 131.987 million for its subsidiary, Yimei Ruantong, due to losses in its mobile information service business[6]. - The company reported a significant decline in investment income of 437.07%, resulting in a loss of ¥14,160,519.40, primarily due to losses from East Asia Qianhai Securities[121]. - The company recorded an asset impairment loss of ¥136,521,375.03, which accounted for 47.75% of total profit[139]. Business Strategy and Development - The core business remains in the financial technology sector, which is a key development area supported by national policy, with no significant adverse changes in core competitiveness[7]. - The company plans to enhance its profitability by expanding its main business areas, including green finance digitalization and digital RMB initiatives[9]. - The company aims to improve operational performance by increasing research and development investment and enhancing its technical competitiveness[11]. - The company will gradually dispose of low-efficiency assets to alleviate operational pressure and improve performance[11]. - The company is actively exploring new markets and potential clients to further enhance its profitability[11]. - The company is focusing on enhancing its research and development capabilities to provide better mobile information platforms and solutions[53]. - The company is currently developing a digital banking cloud service platform to support banks' digital transformation[122]. - The company aims to enhance its competitive edge in the digital RMB application support field through ongoing research and development[125]. Market Outlook and Trends - The software and information technology services industry, where the company operates, is expected to have a broad outlook with no signs of overcapacity or continuous decline[8]. - The financial technology sector is projected to grow at a compound annual growth rate (CAGR) of 18.73%, reaching CNY 1,185.60 billion by 2025[50]. - The rapid development of technologies such as AI, blockchain, and big data is driving demand for digital transformation in the banking sector, creating opportunities for the company's financial information services[66]. - The digital economy development plan aims for significant advancements in data governance and technology capabilities by 2025[50]. - The cross-border e-commerce market is expected to expand due to increased import-export trade and consumer demand for online shopping, driven by the pandemic[80]. Revenue Breakdown - Revenue from the financial information technology business was 118.68 million yuan, a decline of 45.01% year-on-year due to fluctuations in large bank customer orders[94]. - The mobile information services segment generated revenue of 613.60 million yuan, down 17.50% year-on-year, impacted by rising telecom operator costs and industry competition[94]. - The e-commerce services segment reported revenue of 455.86 million yuan, an increase of 5.81% year-on-year, with a focus on home security products[98]. - Domestic revenue fell by 19.06% to ¥783,937,973.26, while international revenue decreased by 4.20% to ¥404,199,661.79[109]. Research and Development - R&D investment amounted to ¥90,295,916.61, representing 7.60% of total revenue, up from 5.91% in 2020[130]. - The number of R&D personnel decreased by 16.64% to 531, with a notable drop in the number of bachelor's degree holders by 18.85%[128]. - The capitalized R&D expenditure was ¥23,134,066.02, accounting for 25.62% of total R&D investment[130]. - The company is working on a new generation image recognition engine based on machine learning, which has completed core engine construction[125]. Regulatory Environment - The implementation of the Personal Information Protection Law in 2021 enhances the regulatory environment for the company's operations in the information service sector[54]. Subsidiaries and Market Position - The company has established a strong market position, covering approximately 45% of the total number of bank outlets in China, with nearly 400 banking clients across 31 provinces[65]. - Yimei Ruantong serves over 800 million mobile users and has maintained a leading position in the mobile information platform sector since its establishment in 2001[73]. - The establishment of Baixing Credit, the first market-oriented credit agency in China with dual licenses for personal and corporate credit, strengthens the company's position in the credit industry[81]. - East Asia Qianhai Securities, co-founded by the company, received its securities business license in December 2017, expanding its financial services capabilities[82].