DVX(SZ:300167)2022-04-28 16:00Financial Performance - The company's operating revenue for 2021 was ¥316,854,130.91, representing a 25.69% increase compared to ¥252,089,287.48 in 2020[18]. - The net profit attributable to shareholders was -¥171,619,605.14, a decline of 44.29% from -¥118,944,865.73 in the previous year[18]. - The net cash flow from operating activities decreased by 75.29%, amounting to ¥9,601,716.59 compared to ¥38,856,984.07 in 2020[18]. - The total assets at the end of 2021 were ¥745,026,244.58, down 6.18% from ¥794,088,221.95 at the end of 2020[18]. - The net assets attributable to shareholders decreased by 38.33%, totaling ¥255,101,577.92 compared to ¥413,647,252.30 in 2020[18]. - The basic earnings per share were -¥0.5595, a decrease of 41.22% from -¥0.3962 in the previous year[18]. - The weighted average return on net assets was -50.09%, down from -25.09% in 2020[18]. - The company reported a significant decline in net profit, indicating ongoing operational challenges and uncertainties regarding its ability to continue as a going concern[18]. - The company reported a net loss attributable to shareholders of CNY -98,136,690.00 for Q4 2021, compared to a loss of CNY -78,805,520.00 in Q4 2020[48]. - The company reported a net loss of 283,617,370.64 CNY, with no cash dividends proposed for the year[128]. Revenue and Growth - The company's total revenue for Q4 2021 was approximately ¥154.59 million, showing a significant increase compared to previous quarters[21]. - The information technology service revenue in China grew by 20.0% in 2021, outpacing the overall industry growth rate by 2.3 percentage points[29]. - The expected compound annual growth rate for the Chinese information technology outsourcing service market from 2021 to 2026 is approximately 13.4%[29]. - The company's total revenue for 2021 was CNY 316,854,130.91, representing a year-over-year increase of 25.69% compared to CNY 252,089,287.48 in 2020[47]. - The information technology services sector accounted for 86.53% of total revenue, with a revenue of CNY 274,169,600.11, down 4.18% from CNY 228,681,296.86 in the previous year[47]. Operational Challenges - The company did not distribute any cash dividends or bonus shares for the year[6]. - The company reported a non-operating loss of approximately ¥3.93 million due to ineffective hedging activities[25]. - The company is facing risks related to long project cycles and high accounts receivable, particularly in smart city projects with repayment periods of 1 to 3 years[82]. - The company is committed to improving its project management capabilities to handle complex projects effectively and mitigate associated risks[83]. Research and Development - The company has accumulated 55 valid patent applications, with 51 granted, including 28 invention patents, 21 utility models, and 2 design patents, as of December 31, 2021[43]. - The company focuses on software technology outsourcing services, with significant advancements in technology research in areas such as big data, cloud computing, RPA, low-code, and artificial intelligence[35]. - The company’s R&D expenses decreased by 25.04% to CNY 10,446,087.47 in 2021 from CNY 13,936,257.60 in 2020, reflecting a strategic shift in resource allocation[57]. - The company completed major R&D projects including a big data access management system and a customer credit assessment management system, aimed at reducing operational costs and enhancing business structure[58]. - The company has developed a digital SAAS application management system to enhance data processing and real-time market data distribution capabilities[59]. Strategic Initiatives - The company plans to enhance its service capabilities in the financial sector and expand its presence in the Yangtze River Economic Zone and the Guangdong-Hong Kong-Macao Greater Bay Area[33]. - The company aims to strengthen its delivery system and service quality to become a trusted service provider for existing clients[33]. - The company is actively adjusting its business development direction, reducing the expansion of capital-intensive and slow-turnover park construction projects, and gradually starting to layout light-capital and fast-turnover businesses[44]. - The company is enhancing management efficiency through organizational optimization and employee incentive programs, including stock options and employee stock ownership plans[80]. Governance and Management - The company has established a governance structure that complies with legal requirements and ensures independent operation from its controlling shareholder[86]. - The board of directors consists of 6 members, including 2 independent directors, ensuring a diverse skill set and compliance with regulations[87]. - The company has a complete and independent financial institution, with a robust accounting system and financial management policies in place[91]. - The company has implemented a stock incentive plan for 2021, which was approved during the shareholder meetings[93][94]. - The company has established a clear management system for the general manager, ensuring compliance with board resolutions and management regulations[89]. Employee and Compensation - The total number of employees at the end of the reporting period was 929, with 56 in the parent company and 807 in major subsidiaries[122]. - Employee compensation accounted for 9,339.11 million CNY, representing 35.66% of the total operating costs[125]. - The company has implemented a stock incentive plan, approved by the board and shareholders, to enhance employee motivation and retention[129]. - The professional composition of employees includes 88 technical personnel, accounting for approximately 9.47% of the total workforce[122]. - The company has a strong focus on human resources, with a dedicated HR manager overseeing employee-related matters[103]. Risk Management - The company has established a risk prevention system for insider trading, ensuring compliance with relevant laws and regulations[148]. - The company has strengthened internal control systems and auditing supervision to enhance risk management and compliance[137]. - There were no significant internal control deficiencies reported during the reporting period[139]. - The company emphasizes the importance of internal control in improving management and enhancing risk prevention for sustainable development[138]. Shareholder Information - The largest shareholder, Beijing Ance Hengxing Investment Co., Ltd., holds 14.51% of the shares, totaling 47,328,285 shares, which are currently pledged[198]. - The company has a total of 16,912 shareholders at the end of the reporting period[198]. - The shareholder structure indicates a mix of natural persons and corporate entities, with some shareholders having pledged or frozen shares[198]. - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[200].