NEW JCM(SZ:300157)2022-04-28 16:00Financial Performance - The company reported a net loss of 719 million yuan attributable to shareholders, primarily due to asset impairment provisions and the impact of COVID-19 on operations[6]. - The company's operating revenue for 2021 was ¥420,559,433.64, a decrease of 39.57% compared to ¥695,937,681.19 in 2020[25]. - The net profit attributable to shareholders for 2021 was -¥719,044,312.82, an improvement of 40.53% from -¥1,209,103,633.94 in 2020[25]. - The net cash flow from operating activities was ¥37,767,966.40, down 77.38% from ¥166,947,284.08 in 2020[25]. - The total assets at the end of 2021 were ¥2,138,637,789.55, a decrease of 38.34% from ¥3,468,215,504.10 at the end of 2020[25]. - The net assets attributable to shareholders decreased by 82.87% to ¥158,259,738.88 at the end of 2021 from ¥923,956,396.08 at the end of 2020[25]. - The basic earnings per share for 2021 was -¥1.01, an improvement of 40.59% from -¥1.70 in 2020[25]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year increase of 15%[51]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year increase of 15%[54]. - The company reported a total revenue of 763.07 million for the fiscal year 2021[172]. Revenue and Market Trends - The management anticipates a favorable external operating environment over the next three to five years, driven by increased investment budgets from oil and gas companies[7]. - The company expects a revenue growth of 20% for the upcoming fiscal year, driven by new product launches and market expansion strategies[51]. - The company provided a revenue guidance for 2022, projecting a growth rate of 10% to 12%[54]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[51]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[56]. - The company is exploring potential acquisitions to enhance its technology portfolio and market reach[54]. - The company aims to optimize its energy service business to improve asset operation efficiency and achieve new breakthroughs in core precision instruments and high-end equipment manufacturing[131]. - The company plans to accelerate the development of energy technology businesses to enhance overall profitability, focusing on automation and digitalization in high-end equipment manufacturing[131]. Research and Development - Investment in R&D increased by 30% year-over-year, focusing on advanced oil and gas exploration technologies[52]. - The company is investing in R&D for high-performance seismic data processing cloud platforms, aiming to improve operational efficiency[54]. - The company has developed a comprehensive suite of over 20 oil and gas exploration and development software products, establishing a significant technological barrier in the industry[48]. - The company’s research institute has developed several proprietary software products and holds national patents, including the NSAI system, which is an AI-based near-surface analysis software[41]. - The company is actively pursuing new strategies for market expansion and technological enhancement in the energy sector[75]. - The company is committed to enhancing its operational efficiency through the implementation of advanced software solutions[67]. - The company is focusing on new technology development to drive future growth and innovation[174]. Software and Technology - The company has established a complete energy service industry chain, integrating software development, engineering execution, and equipment manufacturing capabilities[49]. - The company operates a professional data center with supercomputing capabilities, achieving a floating-point calculation speed exceeding 22 trillion operations per second[48]. - The company has developed various software systems for seismic data processing and analysis, enhancing its technological capabilities in the industry[61]. - The company has introduced multiple new systems, such as the DvsPro and EAS systems, aimed at optimizing exploration and investment evaluations, with the latest versions released in 2018[66]. - The company has developed a method for rapid time-depth conversion of seismic data based on velocity models, which is now authorized[78]. - The company has a patent for a method of predicting oil and gas sweet spots, which is also authorized[78]. - The company is exploring new technologies and product development to drive future growth and competitiveness in the market[158]. Governance and Management - The company has established a performance evaluation and incentive system for senior management, ensuring transparency and compliance with relevant laws and regulations[143]. - The board of directors consists of 13 members, including 5 independent directors, ensuring a fair and transparent selection process[141]. - The company has a dedicated financial accounting department and an independent accounting system to maintain financial independence[145]. - The company has faced issues with timely and accurate information disclosure, and the new board will strictly adhere to disclosure obligations[142]. - The company has a structured remuneration decision-making process involving the board's compensation committee and shareholder approval[170]. - The company is committed to maintaining transparency and compliance with regulatory requirements following recent administrative measures taken against former board members[154]. Risks and Challenges - The company faces industry risks due to macroeconomic conditions and fluctuating oil prices, impacting market demand and competition[133]. - The company is at risk of talent loss in a highly technical industry, but it is committed to nurturing talent through its postdoctoral and expert workstations[134]. - The company is exposed to risks of intellectual property infringement due to the high market value of its proprietary technologies[135]. - The company faces asset impairment risks due to unstable political and economic conditions in regions where its oil and gas assets are located[135]. - The company is currently facing significant debt repayment risks due to a large overall debt scale, which conflicts with operational development[136]. - The management plans to strengthen accounts receivable collection and management, explore new financing channels, and accelerate the disposal of inefficient assets to secure more operational funding[136]. Shareholder and Dividend Policies - No cash dividends or stock bonuses will be distributed to shareholders for the reporting period[9]. - The company reported a total cash dividend of 0.00 yuan for the year 2021, indicating no profit distribution due to losses incurred[191]. - The company has not distributed any cash dividends for the past three years, including 2019 and 2020, and will not distribute dividends for 2021[192]. - The profit distribution policy emphasizes a minimum cash dividend of 10% if conditions are met, but the company did not meet these conditions in 2021[192]. - The company’s profit distribution plan for 2021 includes no cash dividends, no stock dividends, and no capital reserve transfers due to the financial situation[192]. Employee and Workforce Management - The total number of employees at the end of the reporting period is 919, with 52 in the parent company and 867 in major subsidiaries[182]. - The professional composition includes 445 production personnel, 59 sales personnel, 171 technical personnel, 54 financial personnel, and 190 administrative personnel[183]. - The company conducts regular and irregular technical training for employees to improve their professional skills[185]. - The company has implemented a salary confidentiality policy to maintain privacy regarding employee compensation[184]. - The company has a performance-based salary distribution principle to enhance employee motivation and productivity[184].