iREAL(SZ:300150)2022-04-21 16:00Financial Performance - The company's operating revenue for 2021 was ¥940,392,495.81, representing a 20.99% increase compared to ¥777,225,090.87 in 2020[16]. - The net profit attributable to shareholders for 2021 was ¥28,588,531.20, a significant turnaround from a loss of ¥90,737,837.53 in 2020, marking a 131.51% improvement[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,449,999.19, up 124.99% from a loss of ¥97,825,303.35 in the previous year[16]. - The basic earnings per share for 2021 was ¥0.05, compared to a loss of ¥0.16 per share in 2020, reflecting a 131.25% increase[16]. - The total assets of the company at the end of 2021 were ¥2,419,206,000.62, which is a 6.50% increase from ¥2,271,530,972.14 at the end of 2020[16]. - The net assets attributable to shareholders at the end of 2021 were ¥1,927,351,291.94, a slight increase of 1.66% from ¥1,895,864,380.74 in 2020[16]. - The company reported a negative net cash flow from operating activities of ¥61,475,289.28 in 2021, a decline of 286.20% compared to a positive cash flow of ¥33,015,806.93 in 2020[16]. - The weighted average return on net assets for 2021 was 1.50%, recovering from -4.62% in 2020[16]. Revenue Breakdown - The company's total revenue for the year was 471,831,302.31 CNY, with quarterly revenues of 93,021,348.94 CNY, 190,422,230.20 CNY, 185,117,614.36 CNY, and 471,831,302.31 CNY respectively[18]. - The net profit attributable to shareholders for the fourth quarter was 34,911,672.16 CNY, showing a significant recovery from previous quarters where losses were recorded[19]. - The net cash flow from operating activities turned positive in the fourth quarter, reaching 74,653,773.67 CNY, after negative cash flows in the first three quarters[19]. - The railway sector contributed ¥553,136,087.96, accounting for 58.82% of total revenue, with a year-on-year growth of 17.75%[61]. - The urban rail transit passenger information system generated ¥347,264,592.49, which is 36.93% of total revenue, reflecting a growth of 16.47%[61]. - The railway safety monitoring system products generated revenue of 202.37 million yuan, a year-on-year decrease of 18.93%[53]. - The railway comprehensive operation and maintenance service revenue increased by 46.70% to 170.10 million yuan[53]. - The city rail passenger information system revenue was 347.26 million yuan, reflecting a year-on-year growth of 16.47%[53]. - The water conservancy products achieved revenue of 17.98 million yuan, a significant increase of 100.58%[54]. Market Position and Strategy - The company has maintained a strong market position in the railway safety monitoring system sector, with significant contributions to major projects like the Qinghai-Tibet Railway and the Wuhan-Guangzhou High-Speed Railway[33]. - The company is focusing on R&D, with plans to develop a new generation of railway safety monitoring systems and enhance existing product lines to adapt to rapid railway construction developments[30]. - The urban rail transit sector experienced a steady increase in investment, with 1,222.92 kilometers of new operational lines added in 2021, providing growth opportunities for the company[29]. - The company has established itself as a high-tech enterprise, with a commitment to continuous innovation and development in the railway information technology sector[30]. - The company is exploring new technologies, including ARM-based embedded systems and multimedia multicast technology, to enhance its product offerings in railway safety monitoring[30]. - The company aims to consolidate its leading position in railway safety monitoring software and expand its product offerings in passenger information systems and communication systems[111]. - The company plans to enhance product quality through improved raw material quality and production testing levels[112]. - The company targets the completion of 30 technical innovation projects and 10 product testing innovations in video monitoring and after-sales service support[116]. Research and Development - The company has established a strong R&D team and is actively developing new products, including various sensor systems and communication technologies[56]. - The company's research and development expenses for 2021 were 88,557,501.07 CNY, accounting for 9.42% of operating revenue, a decrease from 11.99% in 2020[79]. - The company reduced its R&D personnel from 389 in 2020 to 330 in 2021, a decrease of 15.17%[79]. - The company intends to invest more in R&D to enhance product technology competitiveness and address potential technical risks in the railway and urban rail transit information industry[125]. Governance and Management - The board of directors consists of 9 members, including 3 independent directors, complying with legal requirements[131]. - The supervisory board is composed of 3 supervisors, with at least 1/3 being employee representatives, ensuring compliance with regulations[132]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations[134]. - The company has a complete and independent business system, capable of operating autonomously in the market[135]. - The company has established a performance evaluation incentive system linking management compensation to business performance and goals[133]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 6.3664 million[160]. - The highest individual remuneration was received by Qiu Shiyu, a director and deputy general manager, totaling CNY 767,600[160]. - The company held a total of 22 board meetings during the reporting period, with significant resolutions disclosed on various dates[161]. Dividend Policy - The company plans to distribute a cash dividend of 0.30 yuan per 10 shares, totaling 17,553,181.60 yuan for the year[178]. - The cash dividend represents 100% of the total profit distribution amount, with no stock dividends or capital reserve transfers[178]. - The company has a policy to distribute at least 10% of the annual distributable profit as cash dividends when profitable[174]. - The company’s cash dividend policy is in compliance with its articles of association and shareholder resolutions[177]. Internal Control and Compliance - The company has established a robust internal control system, with no significant deficiencies reported in financial reporting controls[182]. - The company’s profit distribution plan has been approved by the supervisory board and independent directors[180]. - The company has implemented various investor relations management systems to protect shareholder rights, ensuring timely and accurate information disclosure[191]. - The company emphasizes employee rights protection, providing benefits such as health check-ups and insurance, and has established a mutual aid fund for employees in need[192]. - The company has achieved ISO45001 certification for occupational health and safety management, with no safety incidents reported during the reporting period[193]. - The company has taken measures to comply with environmental regulations, confirming it is not classified as a key pollutant discharge unit[190]. Employee and Workforce Management - The total number of employees at the end of the reporting period is 952, with 229 in the parent company and 723 in major subsidiaries[169]. - The total employee compensation during the reporting period amounted to 133.39 million yuan, accounting for 14.77% of the total company costs[171]. - The number of core technical personnel is 117, representing 12.29% of the total workforce, with their compensation accounting for 21.73% of total employee compensation[171]. - The company has a structured compensation system that includes base salary, performance bonuses, recognition awards, and incentive pay[171]. - The company’s training system includes general vocational skills training, workplace skills training, and job-specific skills and knowledge training[172].